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Title: ICBIT Post by: muckthenuts on February 19, 2013, 04:59:06 PM Hi,
Can someone help me understand what my noob-self is doing at ICBIT.se? I placed an order about a week ago to experiment with it with .5btc and I'm not sure exactly what I did! In my account it says I have Instrument: Futures BUH3 Amount: 2.4991 Initial Margin: 0.38 Unrealized P/L: 0.09 Qty: 7 Exec Price: 28.01 What does the above mean? Am I rich yet? Thanks for any help. Title: Re: ICBIT Post by: muckthenuts on February 19, 2013, 06:08:03 PM BTW my understanding is that the initial margin is what I 'spent', and that what I bought was March 15 2013 futures. But I don't understand what Amount & Quantity are referencing. Also I'm not sure what I would get if I sold now, and what would happen if the exchange rate were for instance $29/btc on march 15th.
Title: Re: ICBIT Post by: muckthenuts on February 19, 2013, 07:03:14 PM I'm taking to myself but I think I'm starting to understand some of it...
The Unrealized P/L is based on the Exec Price of 28.01: 7 * .01xx = .09 since I bought based on a price of $28. At an Exec Price of 29, my unrealized P/L would be 7. But 7 what? $7 or 7btc? |