How to Trade

How Tradesports Works

Tradesports Markets

Tradesports markets are simple propositions that have a YES or No outcome. For example:
All of these propositions have a YES or NO outcome - which determines how the market will be settled:
All trading happens at prices between these two price points  - until the outcome is known and the market is settled.
 

Buy or Sell?

There are two things you can do with a Tradesports market - buy shares, or sell shares:
You maximise your profit by buying or short selling shares and then holding them until the desired market settlement. You can also trade out before the market before settlement - to take an early profit or minimise a loss.
 

Some Examples

Lets use the following proposition to explain further: Yankees at Red Sox - Red Sox to win. Before the game starts:
If the Red Sox win the game and the market settles at $100:
If the Red Sox lose the game and the market settled at $0:
As mentioned earlier, you can also trade in an out of the market before the outcome is known. For example:
If you have short sold shares then you want to sell high and then buy back at a lower price:

 

USING THE TRADESPORTS INTERFACE TO TRADE

Selecting an event to trade

Use the event carousel at the top of the page to select an event. We only have three events listed for demonstration purposes - switch between them by clicking on this carousel:

 

Market Data

Here you see the propositions listed for the event - along with the following information:

Click on a proposition to select it for trading - it will turn blue to indicate that it's selected.

 

ORDER BOOK

The order book shows you all of the unmatched orders to buy and sell shares:

 

TRADING TICKET

This is where you enter your orders to buy and sell shares. Enter the number of shares you want to trade, the price at which you want to trade - then hit the BUY or SELL button.

Your order will then be sent to the market. If it can be matched (in full or partially) with an existing unmatched order a trade will happen. If it cannot be matched your order will sit open in the market (and listed on the order book) until it gets matched at a later time.

 

MONITORING YOUR TRADING ACTIVITY

The My Trading panel is where you monitor all of your trading activity for the selected market. It has a number of tabs:

Matched: 

Shows all of your matched trades - how many shares you bought or sold. Shares you've bought are shown as a green positive number and shares you've short sold are shown as a red negative number. The average price of your shares and any profit and loss from trding those shares is also shown.

Unmatched:

This tab lists all of the unmatched orders to buy or sell shares you currently have live in the market. You also have the option to cancel these orders (by hovering over the open order and clicking the X icon).

Frozen Funds:

This tab shows how much is frozen to cover the maximum potential loss for all matched and unmatched trades.

My Trades:

This tab shows a list of all trades made in this market.

 

YOUR FUNDS

This is where you monitor your funds. It tells you how much you have, how much is frozen to cover your trades and how much you have available to fund new trades.