
234: Domer – The Information Edge: Winning in Prediction Markets
Chat With Traders
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Do You Have the Confidence to Be Wrong on a Trade?
"I'm not really afraid to be wrong. Some of my best bets have been absolutely stupid," he says. "If i don't think it's worth ten cents, you know, i'm not afraid to take the loss and and dump it." If a contract drops from 30 cents to 10 cents in one day, do you just continue to hold through it? "In my mind it's probably worth at least ten cents ... if i haven't sold it yet, then i would still be ahead of the market price"
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