Hyperion

I was obsessed over coding and Saas lately, but a thought that has been slowly brewing in my mind took over on last the night of 2024. I was going to get into polymarket trading.

Polymarket is essentially stock trading applied to real life events, and in short time frames from one day to one or two years. Generally less than few months or weeks.

The idea is to test with $99 budget so I don't get into the "gambling psychology" and to adopt a hyper aggressive strategy. It's been somewhat working out so far, and I managed to predict 2 big political events. (Yoon not arrested first week of Jan, and Tradeau resigning as Canada's president). They both essentially doubled my bet, but the whole day was stressful.

The point is to remain calculated, manage risk, and be unemotional.

My initial vision was to consistently apply this over months, and make big money. Systematize my strategy, stay aggressive without sinking, and stay consistent.

I would say I was definitely more confident overall, and I do think I am winning more than losing ,but days where the portfolio goes down again, I feel discouragement.

This morning I even started wondering if it was realistic to apply this consistently.

The good thing I'm doing is that I'm not putting all my eggs into this basket. I have about $1500 left after all the mess from Budapest. I am tempted to, but my thought processing is that if I do that, I can easily lose it all, and if I'm going to do this right, I should surpass that amount anyway.

I've been doing a pretty good job not be overwhelmed by emotion, but I do wonder how long that will last.

On the second day I even 9x my bet, and I've been chasing that high since.

I think the hard part is to maintain a calm mind, and not over bet especially as my portfolio grows.

Gotta stay logical no matter what, always seeing both outcomes.

It is thrilling though and I think I might be very good at it.

I'm doing my due diligence as well, reading books on the topic and always consulting chat gpt.

I will try this 2~3 months and see how things go.

Comments

Post a Comment

Popular posts from this blog

Korean pitstop

     After having spent 1 month in Budapest, I have been summoned back to Seoul. It's been going strong, and it's kind of a bummer to pull a sudden break, but I set up my pieces back in Budapest well, so that things would still move forward without me physically being there. It's almost like I am constantly unlocking new tools.     It's kinda annoying that the set up process is dragging on for so long, but it's a good thing that I have the concessions to cover for the wasted time. Perhaps I should just start ahead of time. Anyway, as I have seen from my charts of exponential growth, if I stick to my simple plan of reinvesting my profits, I will become a multi millionaire. I just have to work on making the systems so the business will flow even with 20~30 units. I will have to spend a lot more time thinking about systems. But if I think about it simply, just copy pasting teams will work as well, on top of some sort of reporting system. Just as I thought in the be...
Read more

Act 3

     I feel that I have entered a new chapter of my life. My upbringing was act 1, and my introduction into business was act 2, then my transformation into a SAAS entrepreneur is the beginning of my act 3. Act 1 was around 25 years, act 2 was 5 years, and now I have spent about 6 months as a SAAS entrepreneur. I feel that a lot more time has passed than it actually has, but yeah it's quite a lot of work. The difference with the airbnb business is that, with airbnb it's limited by things such as physical space and time, for the SAAS business, there's no such limitation. I can put into it as much time and effort as I desire. In the airbnb business, the business is determined by how many rooms I have and how much time has passed. How much work I put into it did not change the revenue. Whereas in this business, if I put in 100 hrs instead of 10 hrs into an app, I would see the difference in revenue. And I believe I met my technical co founder so I'm excited about that. It...
Read more

Where I'm at

So I am in the process of developing a successful SAAS and App. My app currently has 43 subscribers, and it's growing everyday. I think that if I can reach the total addressable market with it, it's going to be pretty significant. On the other hand, I've recently put together a team of pretty smart people to begin a start up. And I half convinced my friend Ayob to join so we're already good to go! If we're going to create a great start up, we're going to need all the best talent we can find. So anyway that's where I'm at. Growing my app, and posing to pounce for a start up. I will make it work out.
Read more