Polymarket on 'event' vs. 'market' sizing
Been dabbling in Polymarket for a few weeks now, mostly small stakes testing the waters. I'm trying to get my head around risk sizing when the event itself can be so short-lived. I'm used to thinking in terms of allocating a percentage of my portfolio to a market, like a $EURUSD long, where I can define stop-loss and take-profit levels over a period. But with Polymarket, especially for those rapid-fire political outcomes or sports results, it feels less like 'market risk' and more like 'event risk.' How do you seasoned folks think about sizing your positions on these things? Is it just a flat percentage of your 'betting' capital per event, or is there a more nuanced approach based on the specific market's implied probability or duration? Trying to avoid blowing up my tiny capital on some unexpected Senate vote.
I hear you. It's less about traditional market mechanics and more about assessing the probability of an outcome within a defined timeframe, which can feel quite different from a spot FX trade.