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blackbootz  ·  3035 days ago  ·  link  ·    ·  parent  ·  post: A New Hobby of Mine: PredictIt, a prediction market

My portfolio went kaput during the September markets for NFL protests. Specifically in a market predicated on two or more players kneeling during a particular game. I went all in, similarly looking for a serious gain, and lost because the market specifically defined kneeling so all the other shows of solidarity didn't qualify. I lost my original $50 investment, which saw a maximum liquidity of $180 or so at one point, if memory serves. I don't think I want to buy in again, even though I've checked the site and seen some undervalued positions. It's hard for me not to become obsessive, and my time is already short and valuable as is, let alone what little money I have.

At the end of the day, it's a go big or go home proposition. I couldn't justify the hours on the site and having not a whole lot to show for it. Making a few dollar gain after hedging or researching a lot every day isn't worth it, and I'm too poor (and probably chickenshit) to gamble with the thousands necessary to make gains worthwhile from a money-value of time perspective.

But it's great to hear that you're still in it! One of my friends has made $5k after less than a $100 buy-in. I don't know whether he should get out or keep it up... he's demonstrated incredible aptitude.