My Trading Journey with Polymarket+Bot

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hashxNewbie
Posts: 6 · Reputation: 26
#1Nov 11, 2017, 08:33 PM
Hey everyone I thought I'd take a moment to share my trading journey, the strategies I've explored, and what I've learned after spending 12 years in the market. You can call me @devertex. I've been trading since 2013, and let me tell you, it's been a wild ride with its highs and lows. Back in 2017, I managed to grow my account to around $700k, but then I faced some serious liquidations hitting between $40k to $60k. I've dabbled in both spot and futures trading, starting off on places like Poloniex and BitMEX, then moving on to Binance, BingX, MEXC, and other well-known exchanges. Now, here’s where it gets interesting. My active trading days pretty much wrapped up once I decided to really understand the mechanics of the market and landed a job at a market-making firm. I spent about two years there, and it completely shifted my perspective. What we typically perceive as the "market" the charts, patterns, breakouts, and cycles actually boils down to one fundamental concept: it all revolves around the client and their money. If a client demands it, the price rises. If not, it drops. Those patterns and levels everyone talks about? They can easily be manipulated if there’s the right budget. All my years studying trading techniques, technical analysis, wave patterns, or risk management suddenly felt almost irrelevant. I stopped viewing the market as a "free entity" and started to see it as a network of liquidity flows, where the same popular projects that the crowd is obsessed with get bought and "held for the long haul." After a few months working behind the scenes, I got really into the whole backstage process: DEX listings, CEX listings, and direct communication with...
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blockhubMember
Posts: 1033 · Reputation: 43
#2Nov 11, 2017, 11:41 PM
It's a long story, but I ended up promoting a polymarket. I check the site; it seems everything there is based on luck. It looks like a betting site, including sports, elections, and crypto, where you can bet if the price will rise or not. A good story, but I'm not going to do the same thing. I am having more fun analyzing the chart and taking a position on futures or going with slots if I want to gamble.
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hashxNewbie
Posts: 6 · Reputation: 26
#3Nov 12, 2017, 04:54 AM
Yes, this site became more popular because it has a “News” section with global news, politics and so on. People can place bets on whether something will happen or not by a certain date. For example, the release of a game like GTA 6 or whether the war in Ukraine will end by the end of the year. When it comes to crypto, it’s basically 50/50 with a 15-minute window. But things like expected value, take profits and stop losses still work there, and you can both lose the whole amount or make good money, so this format really suited me. The main thing is to take everything into account, because the chart itself is very similar to a real market. By the way, about futures, do you trade them through a separate terminal or directly on the exchange?
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#4Nov 12, 2017, 06:49 AM
For trading it is always better to use exchange, although I not that into future trading but whenever I want to trade on spot trading I do uses Binance exchange as it is more user friendly. However, trading requires a lot of knowledge to carry out that operation otherwise, one could be that losing on a regular if they are newcomer who is wanting to make money from the crypto space.
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wolfx969Member
Posts: 529 · Reputation: 85
#5Nov 12, 2017, 08:26 AM
What I've found in all these years I've been in the crypto community since 2014 is that trading has some traces of gambling in it, naturally. But when it comes to trading altcoins that's no longer some traces of gambling, it is purely gambling simply because of the uselessness of altcoins that has turned them into purely pump and dump schemes. In 90% of cases that is not something anybody can figure out based on lines drawn on the charts or the news found on the internet. It's simply some pumping team picking up a shitcoin and pumping it for a while before they dump it on the unaware newbies bag holding that shitcoin. Due to the nature of the altcoin market, you may be able to predict some pumps and make some profit but it is naïve to think the market is predictable, with a bot no less.
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cryptohubNewbie
Posts: 264 · Reputation: 32
#6Nov 12, 2017, 11:21 AM
They also promoted a trading bot that gives a 70% win rate. When people claim that bots are reliable, I don't believe it. Humans are better traders than machines.    There is no difference between your explanation now and gambling. The outcome of trading altcoins depends more on luck than knowledge. Most altcoins are pump and dump, so it takes luck to profit from them.
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dr_blockNewbie
Posts: 82 · Reputation: 20
#7Nov 12, 2017, 11:49 AM
I think Polymarket isn't that bad, but it's still more convenient to trade through specialized bots. I personally use a bot I found here https://polymarktbots.com/, and it's more than enough for me for copy trading
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fork_quantumFull Member
Posts: 246 · Reputation: 675
#8Nov 12, 2017, 04:49 PM
Polymarket is a gamble site, but so called Prediction market but personally I called Gambling with style. hahha basically polymarket is a prediction anything so you can bet on this case a bitcoin price for future or in traditional gambling you might notice as a Option market, a derivative product of trading. and yea I see lot of people on twitter had the same bot made a multiple bet and somehow is profitable.
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hodlerlabNewbie
Posts: 119 · Reputation: 28
#9Nov 12, 2017, 06:36 PM
Sorry to ask; have never used polymarket before and I would want to know if they have slot section on predictions market? Like have been hearing I never had this idea that predictions market do slot section. But however, I wouldn't mind using a gambling site for slot game or sports events than using predictions market.
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blockhubMember
Posts: 1033 · Reputation: 43
#10Nov 12, 2017, 07:18 PM
Maybe you didn't understand what slot I am talking about? I'm talking about slot games, but if that is what you looking for exactly, it looks like prediction markets like Polymarket don't have any list or section for slots since the main purpose of Polymarket is for prediction, not for slot games.
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#11Nov 12, 2017, 10:24 PM
Polymarket is genuinely automatable — CLOB API, settled on Polygon in USDC, official py-clob-client in Python, and WebSockets for live order-book data. But automation only amplifies whatever edge you already have. No edge = you just lose faster and pay more in fees. Prove the strategy first, automate second.
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