My Predict now gets squeezed every day 😮💨
Today the market said: “Will CASHCAT reach a $1B FDV before September?” and it trapped 1887U for me.
Whether I should set it or not—I used a 98.5 limit price for 1,887 units. As soon as the funds got locked in, I was trapped.
At the very beginning, the order book was almost pinned around 98.3. I wanted to get out with a small loss, and honestly it wasn’t hard to do—but I just couldn’t bear to lose those 5U, so I kept holding and waited.
It dragged on and ground back and forth for hours. In the end, I finally dumped at 98.6. My gross profit was about less than 2U; after deducting fees and friction, it was basically a wasted effort.
Personally, I think these kinds of high-probability “yes/no” bets are like this: you make only a fingernail of profit, but you bear a black swan risk.
But I’m the stubborn type—fully aware it’s wrong, yet I still went ahead. I even planned to hold until the end of August for settlement. Luckily the project gave me a chance to escape, so I didn’t have to take on the risk—so I guess it’s still okay.
Hope predictdotfun can improve market liquidity a bit more, so users get a better experience with placing orders and holding positions.
Now getting trapped every day—I’ve started to become immune.
Brothers, have you ever been trapped like this? When you encounter events like this, how did you handle it?
Today the market said: “Will CASHCAT reach a $1B FDV before September?” and it trapped 1887U for me.
Whether I should set it or not—I used a 98.5 limit price for 1,887 units. As soon as the funds got locked in, I was trapped.
At the very beginning, the order book was almost pinned around 98.3. I wanted to get out with a small loss, and honestly it wasn’t hard to do—but I just couldn’t bear to lose those 5U, so I kept holding and waited.
It dragged on and ground back and forth for hours. In the end, I finally dumped at 98.6. My gross profit was about less than 2U; after deducting fees and friction, it was basically a wasted effort.
Personally, I think these kinds of high-probability “yes/no” bets are like this: you make only a fingernail of profit, but you bear a black swan risk.
But I’m the stubborn type—fully aware it’s wrong, yet I still went ahead. I even planned to hold until the end of August for settlement. Luckily the project gave me a chance to escape, so I didn’t have to take on the risk—so I guess it’s still okay.
Hope predictdotfun can improve market liquidity a bit more, so users get a better experience with placing orders and holding positions.
Now getting trapped every day—I’ve started to become immune.
Brothers, have you ever been trapped like this? When you encounter events like this, how did you handle it?
