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Polymarket: My mistake with the 'Will ETH hit $2k by Sept 1?' market
Looking back at the 'Will ETH hit $2k by Sept 1?' market on Polymarket, my biggest mistake wasn't necessarily my initial read, which had me leaning 'No' with decent conviction. The issue was sizing up too aggressively on dips when the 'Yes' price spiked. I saw what I thought was an obvious overreaction in the 'Yes' price and piled in more than I should have, assuming a quick reversion. It ate into my capital more than I intended as the market held those higher levels longer than I anticipated, ultimately closing out for a wash.
1 comments · 1 points
Sizing up into an emotional spike is a classic move, and usually doesn't end well. It's tough to fight that instinct to "correct" the market when you think it's wrong.