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A trader experienced a tragedy on Polymarket—within just 24 hours of entering, their account was wiped out. The $40,000 they invested went down the drain, with a simple bet: the United States would launch a military action against Iran before January 14. What was the result? The prediction was wrong, and the funds evaporated.
This is not a matter of luck, but a problem with the decision-making chain. The most common pitfalls for beginners entering prediction markets are these—going all-in on a single asset, ignoring time risk, and lacking stop-loss awareness. Platforms like Polymarket do offer new trading mechanisms, but their high leverage and high volatility mean that a single misjudgment can lead to total loss.
What lessons can we learn from this case? The myth of making quick money in prediction markets is backed by countless stories of account blow-ups. True trading wisdom is not about whether your prediction is right, but about how to survive amid uncertainty.