The outcomes in prediction markets are often influenced by multiple factors, and short-term fluctuations or unexpected news can lead to unexpected results.
For beginners, emotional management is crucial when participating in prediction markets. Do not place impulsive bets due to short-term losses or others’ successful predictions, and avoid blindly following market hype.
Practical methods:
Avoid Impulsive Bets
When you see a trending topic or sudden changes in odds, don’t bet immediately. Take time to calmly analyze the event background and market information.
Set a Strategy and Stick to It
Define your bet amount, target profit, and stop-loss points for each bet, and follow your plan instead of changing decisions arbitrarily.
Learn to Accept Failure
Even with thorough analysis, predictions may be wrong. Stay calm, record experiences, and analyze reasons. This is more valuable than chasing bets impulsively.
Tip: Set a “cool-down period” before placing a bet, such as waiting 10–15 minutes, to ensure your decision isn’t emotional.
Beginners are advised to start with small amounts to practice emotional control and gradually develop a habit of rational betting.