> ## Documentation Index
> Fetch the complete documentation index at: https://docs.chok.market/llms.txt
> Use this file to discover all available pages before exploring further.

# Manage Positions

> Selling, redeeming, converting and auto-redeem.

Your positions are listed in **Portfolio**, and each market page shows the positions you hold in that market.

## Sell before resolution

You can sell shares at the current price at any time while the market is open. See [Place Orders](https://docs.chok.market/trading/place-orders.md).

## Redeem after resolution

When a market resolves, winning shares are worth 1 chUSD each. Redeeming turns them into chUSD in your trading account.

* Portfolio shows a **Redeem** button on each winning position. **Redeem all** collects up to 10 markets at once.
* With a Deposit Wallet or Safe trading account, redeeming is **gasless**. CHOK's relayer submits the transaction.
* Losing shares are worth 0 and don't need to be redeemed.

## Auto-redeem wins

Turn on **Auto-redeem wins** in Settings and CHOK collects your winnings for you after each market resolves.

* It checks for newly resolved markets about every minute.
* Turning it on needs a one-time approval for CHOK's AutoRedeemer contract. Winnings are paid to your own trading account.
* Depending on your account type, the approval may need a small amount of GIWA Sepolia ETH for gas. If your account has none, the app tells you.

## Convert (multi-outcome events)

In a [multi-outcome event](https://docs.chok.market/concepts/negative-risk.md), you can convert No shares on some candidates into Yes shares on the others, plus chUSD. Use **Convert** in the market's positions table.

## Split and merge

**Split** (turning chUSD into one Yes and one No share) and **merge** (the reverse) are **off** right now.


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