A trader lost over $2 million in 35 days by relying solely on "consensus knowledge" in making predictions.

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On January 5th, according to Lookonchain monitoring, trader "beachboy4" lost over $2 million on Polymarket in just 35 days. Analysis of his trading records revealed that this trader relied on his own "consensus perception," that is, making predictions based solely on what most people considered high-probability events.

According to statistics, he participated in 53 predictions in 35 days, with a win rate as high as 51%. However, he never set an exit strategy or a hedging strategy for the predictions he participated in, which resulted in "most of his losing positions being held until they went to zero, or the price plummeting long before settlement".

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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