Looking at it ... (Barrel in face)
Counter clockwise down..
If there isn't an issue with it, you should unscrew it almost all the way, hold the trigger down and slowly turn it until it cocks, then a half turn more and you should be good.
PbNation Ninja edit *** assuming that you have the gun aired up there is no leak and you have no paint in the gun then you should be safe!
Formulator of Blu Goo and Liquid I.C.E.Paintball Lubricants
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