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1. Execution Strategy

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Use Limit Orders for Precision

If you have a specific price target in mind and are not in a rush to enter a position, always use Limit Orders.
  • Why: This guarantees you will not pay more than your specified price.
  • When: Ideal for entering markets where you believe the price will retrace or when liquidity is thin.

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Check Market Depth Before Market Buying

Market orders prioritize speed over price. Before clicking “Buy” on a Market Order, glance at the order book depth.
  • The Risk: If you place a large order in a market with low liquidity, you may “sweep the book,” buying shares at much higher prices than the current average.
  • The Fix: Ensure there is enough quantity on the “Ask” side to absorb your order size without causing massive price impact (slippage).
Slippage Alert: In volatile prediction markets, the “Average Price” displayed is an estimate. If you market buy during a spike, you may enter at a significantly worse price than expected.

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2. Managing Active Orders

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Cancel Stale Orders

If you placed a Limit Order hours ago that hasn’t filled, remember that your funds are locked in that order.
  • Why: You cannot use those funds for other trades while the order is open.
  • Best Practice: Regularly check your “Open Orders” tab. If the market has moved away from your price and isn’t coming back, cancel the order to free up your reserved balance (USDC) for new opportunities.

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Monitor for Partial Fills

Limit orders do not always fill all at once. It is common to receive a partial fill (e.g., you wanted 1,000 shares but only got 200).
  • What to do: Check your “Positions” tab after placing an order.
  • Scenario: If you only got partially filled and the price moves away, you may be left with a smaller position than intended. You can then decide to leave the rest open or cancel the remainder.

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3. Market Research

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Understand Resolution Criteria

Unlike tokens (BTC/ETH), prediction market shares have an expiration date and a specific resolution rule.
  • Read the Rules: Before trading, always click the “Market Rules” or “Resolution Source” link.
  • Don’t Assume: Just because an event seems to have happened doesn’t mean the market has resolved yet. Ensure you understand exactly what the market is asking (e.g., “Will Bitcoin hit $100k by Friday?” is different from “Will it hit $100k in 2025?”).