"A story from Izero"
I’ve been taking trades in
prediction markets since last month. When I first heard about prediction markets, I actually despised it a lot. The only way I found it acceptable was if it didn’t involve my own funds, like bonus trading we see in futures. That felt fine to me.
The first prediction market I ever used was Everyx. They used to give bonus funds to trade with, and we made some decent profit from that. This happened around 7–8 months ago. After that, I completely stopped and didn’t enter prediction markets again for a long time.
Then last month, I finally decided to try again, this time with my own funds. The reason was an event from V Wallet. I took my first trade, but unfortunately, I didn’t win that event. Still, I don’t know why, but I didn’t close the position immediately and somehow ended up making around $7–$8 profit.
After that, I stopped again for a while because it still went against my motto. I only considered doing it if it was event based.
After around 10–12 days, I had invested almost $200–$300 into different things like NFTs and other plays. At that point, I genuinely thought I was going to lose everything. Before that, I only had around $150 left, and I was thinking, “nah, it’s over.” Especially since I was also pursuing the $1000 challenge and planning to leave this space around May 5 or 6.
But then something unexpected happened. The NFT I had invested in suddenly became active again, volume came back, and I managed to exit in profit. A few hours later, in the morning, Michigan won the semi final. The position I was holding earlier ended up winning, and I made around $200 profit.
If I had held that position till the final, I could’ve made $400 , but I closed it early. I also took another position before the final and made around $50 profit using a $200 margin.
From that point, I started getting more interested in prediction markets. I kept thinking that if I hadn’t closed early, my profits could’ve been much higher. Still, I told myself I wouldn’t take any more positions. And for about a week, I actually didn’t.
Then Bitget Wallet introduced a prediction event. That pulled me back in again. I deposited $25 and took 5 IPL positions. I won 3 of them and closed 2 according to the rules.
But during that time, greed had already started building up. I began taking positions more recklessly. I entered the Bayern vs Madrid match and at the last moment, I closed my Madrid position and secured around $115 profit. If I hadn’t closed it at that moment, I would’ve ended up losing around $265. After that you already know what happened.
Then again I deposited $25 to take a position for Bayern, but I couldn’t. That was probably one of the easiest $175 I could’ve made.
After this day, I was fully consumed by greed. I took another position in Bangladesh vs New Zealand even though I had said myself I wouldn’t. I entered with around $400 at the last moment, if I had entered earlier, I could’ve made around $400, but instead I made about $150.
After that, on the same day, I took another position in Scotland vs Namibia. That match was really interesting, I genuinely thought I would lose around $600, but somehow I survived again and ended up making profit, reaching around $1000.
And then the next day, I took a position in IPL for RCB with $1000. Even though again I said to myself I wouldn’t, and yeah, I lost that entire $1000.
After that, I exited from the space way earlier than May 5 or 6, as well as lost the interest to even participate in the Bulba trading competition, even though it had already made me around $650 profit and it could have gained me more.
But nvm… I’ve passed this opportunity to my fellow admins. I’ll post about it separately.
So yeah, that’s the story.