The pitfalls of chasing resolution on Kalshi

My biggest mistake on Kalshi, and it's a recurring one if I'm not disciplined, revolves around the 'resolution' mentality. Unlike traditional markets where you can scale out or adjust positions more dynamically, Kalshi contracts have a binary outcome. I've found myself in situations where I've layered into what I thought was a 'sure thing' as the event drew closer, only for a last-minute unexpected data point or news event to completely flip the script. The cost wasn't just the initial capital on that contract, but the compounding effect of re-entering on a different side or doubling down on a losing position trying to 'make back' what I lost on the initial read. It's a classic overtrading trap disguised by the perceived certainty of an imminent event. Now, I focus more on having a clear thesis before entering, defining my risk, and sticking to it without getting caught up in the emotional pull of an impending resolution.