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

# Sell a prediction

> Exit an open position by selling outcome tokens back to the AMM.

You can **sell** outcome tokens back into the AMM pool before a market resolves — as long as the market is still open and the pool has liquidity.

## When you can sell

* The market is **Open** (before prediction cutoff — 15 minutes before event end)
* The AMM pool has enough liquidity to quote your trade
* You hold YES or NO tokens from a prior prediction

Selling is not available after prediction cutoff or once the market is closed for new activity.

## How it works

1. You hold YES or NO tokens from a prior prediction.
2. You swap them back through the AMM for USDC.
3. The pool absorbs your tokens; you receive USDC minus the **0.3% swap fee**.

The amount you receive depends on **current pool prices** and **slippage** from your trade size.

## Steps

<Steps>
  <Step title="Open Portfolio">
    Go to **Portfolio** (`/portfolio`) and select the open position.
  </Step>

  <Step title="Open sell / trade panel">
    Choose **Sell** or open the market trade panel with your held side pre-selected.
  </Step>

  <Step title="Review quote">
    Check USDC received, swap fee, and price impact.
  </Step>

  <Step title="Confirm">
    Click **Confirm**. The platform submits the swap on your custodial wallet.
  </Step>
</Steps>

## Slippage and liquidity

Large sells move the AMM price against you. If the pool is thin, you may receive less USDC than the headline price suggests. The trade preview shows estimated output before you confirm.

<Warning>
  If liquidity is too low, the sell may fail or quote poorly. Reduce size, wait for more pool depth, or hold until resolution.
</Warning>

## On-chain

Selling is an AMM **swap** in reverse — your outcome tokens go into the pool and USDC comes out. See [Prices & AMM](/concepts/prices-amm) and [Order lifecycle](/concepts/order-lifecycle).

## Related

* [Place a prediction](/trading/place-prediction) — opening a position
* [Portfolio](/guides/portfolio) — manage open positions
* [Redeem tokens](/trading/redeem) — after resolution