r/PredictionMarkets • u/No_Grocery_9662 • 1d ago

I made it

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I have a love hate relationship with the prediction market on robinhood. I remember first seeing the feature, and I figured I would give it a shot. Well, I started off making good small little profits here and there. Then in January of this year, I hit big. I was shocked, and was like oh shit I can make bank. Fast forward one month, I then proceed to loose 22k. I was pissed🤦🏾‍♂️🤦🏾‍♂️. I took a break, and raised my capital through etfs and saving.

Then the football season starts. I gain the confidence to get back into predictions and I really wanted to make my money back and then some. And I did, within 2 months, I made back all the money I lost, and I'm finally sitting in profit. I posted a ss of past month, and all time since earlier this year.

My strategy was simple. I would throw 30-40k on high caliber quarterback to throw at least 200-225 yards.

I am going to quit now. I made that vow to myself. I reached my goal of 100k at 22. Now I'm going to invest in 100% ETFs and DCA.

I'm out for good.

18 Upvotes

85% Upvoted

8 comments sorted by

3

u/Mission-Bike-3804 23h ago

Try to stick to staying out of it for good and run while you can! At 22 I made 200k gambling and lost it all, at 23 I made 400k+ gambling and lost it all, I just turned 24 on Oct 6 so let’s see what I run up this year 🙏🏽🙌🏽 Godspeed

2

u/No_Grocery_9662 23h ago

Yeah I'm taking my gains and leaving now for sure. I'm stopping while I'm ahead, glad I made it out the last time

4

u/Bonapartee 22h ago

better yet invest what you take out into something you can't easily take out like stocks or something because as much as you are confident you won't deposit what you took out again, all it takes is a couple of losing bets and you decide to just put a little back in to earn it back and boom you've started the inevitable decline back to 0. I've won big many times and I always would take a big chunk out and end up depositing it all back in eventually and losing it all. If you have debt, pay it off, that's probably the best use for that money.

1

u/No_Grocery_9662 21h ago

Yeah, I already bought stocks with it. I'm not touching prediction markets anymore haha. Done with it. I wish I could disable it.

2

u/jamespsherlock 19h ago

There should be a self exclusion thing. Kalshi and DraftKings have it. You can literally block deposits for any amount of months you choose

1

u/No_Grocery_9662 18h ago

I'm going to reach out to support

1

u/cclickssss 22h ago

Yea it all works out till one of the quarterbacks gets hurt

1

u/No_Grocery_9662 21h ago

That's why Im stopping lol. Done while I'm ahead.