> For the complete documentation index, see [llms.txt](https://docs.libertyswap.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.libertyswap.finance/liberty-hypermarket/trading-outcomes.md).

# Trading Outcomes

#### Reading a Market

Each market shows a real-world question (for example, "Will Argentina win the World Cup?") with two sides — typically Yes and No. The price of a share on either side is always between $0.00 and $1.00, and can be read directly as an implied probability. A Yes share trading at $0.65, for example, implies the market currently prices that outcome at roughly 65%.

#### Step-by-Step: Buying a Position

1\.      Go to Outcomes and browse open markets.

2\.      Open the market you want to trade.

3\.      Choose the side (Yes or No) and the amount of shares, or the dollar amount you want to spend.

4\.      Review the estimated cost and potential payout before confirming.

5\.      Confirm the trade.

#### Closing a Position Before Resolution

Outcome shares can typically be sold back into the market before the event resolves, at the current market price, rather than held until settlement.

#### What Happens at Resolution

When the underlying event resolves, winning shares settle at $1.00 and losing shares settle at $0.00.

#### Reading Your Open Positions

Open outcome holdings appear under Positions on the Portfolio page (labeled "Open outcome holdings"). Resting (unfilled) limit orders appear under Open orders ("Resting limit orders"), and completed trades appear under Recent fills ("Latest outcome trades").

#### Important Notes

•       A losing outcome position settles to $0 — this is a real loss of the amount spent on those shares, not a temporary drawdown.

•       Market prices can move quickly around real-world news; review the current price immediately before confirming any trade.

•       This page describes the mechanics based on Hypermarket's own marketing description and the fields visible on its Portfolio page. Exact order-entry UI (market vs. limit order flow, slippage handling, minimum trade size) should be verified against the live app before this page is published.