ICBIT

[muckthenuts]

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.

[muckthenuts]

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.

[muckthenuts]

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?