On the 49th day of playing NBA betting trading on the prediction market platform. A common phenomenon on big game days is intense volatility, and today is a vivid lesson—6 predictions with 2 correct. I added a large over/under prediction before the game, but it also resulted in a loss. A single-day drawdown of 250 units, the numbers look quite bad.
Interestingly, when losing money, I actually want to continue more. Why? Honestly, it's still the desire to hit a new high, and this desire makes judgment less rational. To be honest, today I should have only placed 1-2 bets, but greed overpowered reason, and I ended up losing.
This is a common trap in prediction market trading—after a series of losses, increasing bets in an attempt to quickly recover. What should be done is to reduce risk exposure and stabilize the mindset. Experience and lessons often come together.
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SchrodingerPrivateKey
· 9h ago
Damn, it's this mental barrier again, really tormenting.
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CodeAuditQueen
· 9h ago
This is a typical re-entrancy attack logic. When losing, you want to turn the tables, but end up turning your own risk parameters into an infinite loop.
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BearMarketBuilder
· 9h ago
250 units... That's the cost of greed
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I told myself not to chase orders, but in the end, you still have to suffer the losses
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This mindset is really incredible, the more you lose, the more you want to turn it around, and it ends up like this
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NBA betting is like this, the fluctuations are really outrageous
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The key is to recognize yourself and not let desire hijack your judgment
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Losing money tests human nature the most, I don't have that willpower
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Understanding the principle and truly applying it are two different things, this is a lesson learned
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250... Ah, who hasn't suffered this kind of loss
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You should stay calm for a few days and not think about turning it all around in one go
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ZkProofPudding
· 9h ago
Greed really is a killer in trading, I feel you.
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MEVictim
· 9h ago
Haha, once again the market has taught me a lesson. Greed really is a trader’s killer.
Losing 250 units just like that, and then trying to push for a new high... My brain, huh.
Event day is just a test of mentality. Betting more after two consecutive losses, I really got carried away.
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liquiditea_sipper
· 9h ago
Losing 250 units and still wanting to continue—this mindset is truly the common trait of gamblers. I've done this myself too; it's incredibly thrilling.
On the 49th day of playing NBA betting trading on the prediction market platform. A common phenomenon on big game days is intense volatility, and today is a vivid lesson—6 predictions with 2 correct. I added a large over/under prediction before the game, but it also resulted in a loss. A single-day drawdown of 250 units, the numbers look quite bad.
Interestingly, when losing money, I actually want to continue more. Why? Honestly, it's still the desire to hit a new high, and this desire makes judgment less rational. To be honest, today I should have only placed 1-2 bets, but greed overpowered reason, and I ended up losing.
This is a common trap in prediction market trading—after a series of losses, increasing bets in an attempt to quickly recover. What should be done is to reduce risk exposure and stabilize the mindset. Experience and lessons often come together.