I'm told that it's possible to code ones own bot and integrate it into a Poly account. I'm sure this is a lot more feasible now with the invention of vibe coding, but many, including myself, either don't know or care about it / feel confident enough to pick it.
So, I would suggest introducing public modules, or straight up integrated features, for the most common bots people use. I'm not sure what those are, but for me, for example, a really desired one at the moment would be a bot / feature that would allow the automatic creation of an order at a price in a market if the price of the said market passes a certain threshold. It seems like a very basic feature that could help the more casual trader a lot, since not everyone has either the ability to create a bot to do this or the time to spare to watch a market manually.
I'm told that it's possible to code ones own bot and integrate it into a Poly account. I'm sure this is a lot more feasible now with the invention of vibe coding, but many, including myself, either don't know or care about it / feel confident enough to pick it.
So, I would suggest introducing public modules, or straight up integrated features, for the most common bots people use. I'm not sure what those are, but for me, for example, a really desired one at the moment would be a bot / feature that would allow the automatic creation of an order at a price in a market if the price of the said market passes a certain threshold. It seems like a very basic feature that could help the more casual trader a lot, since not everyone has either the ability to create a bot to do this or the time to spare to watch a market manually.
sure, just if one is offline, afk, etc
sure, just if one is offline, afk, etc
As a scenario, say I buy 'yes' for a market at 24¢ thinking it's going to rise. I'm going to be afk for irl reasons, but I wanna make sure that if the price falls below 10¢ I get a chance to get out by creating an order. As things currently are, if I create that order to sell at 10¢ right now as the price is at 24¢ it will immediately sell, which means I can't hedge in the way I would like with the current order system. Adding the feature I'm suggesting in some form however would allow for that hedging and give me peace of mind that even if I'm not winning I'm not losing it all either.
As a scenario, say I buy 'yes' for a market at 24¢ thinking it's going to rise. I'm going to be afk for irl reasons, but I wanna make sure that if the price falls below 10¢ I get a chance to get out by creating an order. As things currently are, if I create that order to sell at 10¢ right now as the price is at 24¢ it will immediately sell, which means I can't hedge in the way I would like with the current order system. Adding the feature I'm suggesting in some form however would allow for that hedging and give me peace of mind that even if I'm not winning I'm not losing it all either.
I guess what I'm suggesting is a limit order, but with conditions - a conditional limit order. Another way to expand its use would be to add the ability to tie the condition of the limit order on the happenings in other markets. For example, I set a condition that if the likelihood of the June 30 market for the closing of Israeli airspace goes above 50%, there will be a sell order created for my position in the 80+ market for the number of ships passing through the straight of hormuz.
This would free trading from whole lot of hassle.
I guess what I'm suggesting is a limit order, but with conditions - a conditional limit order. Another way to expand its use would be to add the ability to tie the condition of the limit order on the happenings in other markets. For example, I set a condition that if the likelihood of the June 30 market for the closing of Israeli airspace goes above 50%, there will be a sell order created for my position in the 80+ market for the number of ships passing through the straight of hormuz.
This would free trading from whole lot of hassle.
The ability to add multiple conditions simultaneously would also add a lot to this. Like, 'if either one of these three things happens in these three other markets or this thing happens in the market in question itself' kind of way
The ability to add multiple conditions simultaneously would also add a lot to this. Like, 'if either one of these three things happens in these three other markets or this thing happens in the market in question itself' kind of way
don’t think it finds a general use case
don’t think it finds a general use case
You're telling me having the ability to sell a rapidly falling market when you're afk isn't useful? I think most people would find a use for it quite easily
You're telling me having the ability to sell a rapidly falling market when you're afk isn't useful? I think most people would find a use for it quite easily
what you said before is complete nonsense and what you are trying to say now is called a SL
what you said before is complete nonsense and what you are trying to say now is called a SL
Stop Loss is a known thing in trading, yes I would like to have it in polymarket too
Stop Loss is a known thing in trading, yes I would like to have it in polymarket too
or Take Profit
or Take Profit
So if price per share drops x specific amount, release market order with no more than 10% slippage for example
So if price per share drops x specific amount, release market order with no more than 10% slippage for example
I didn't know about SL when I was writing my suggestion, so I wasn't trying to describe it. I simply suggested what I thought was a good idea. Glad to hear others have thought it up before.
Whatever you call it tho, in its function it is an order that has a *condition* before it kicks in. So, the reason as to why that condition kicking in being tied to its internal market movements being sensible to you, while it being tied to something outside of its market movements becoming "complete nonsense" alludes me.
The examples I gave, they are both fundamentally affected by the same event - the war in Iran. If Iran starts shooting missiles at a broad scale, the ships *will* stop. It's true that you could give two separate SL orders at both respective markets, but the ability to tie them together wouldn't become any less sensible in concept because of it.
I didn't know about SL when I was writing my suggestion, so I wasn't trying to describe it. I simply suggested what I thought was a good idea. Glad to hear others have thought it up before.
Whatever you call it tho, in its function it is an order that has a *condition* before it kicks in. So, the reason as to why that condition kicking in being tied to its internal market movements being sensible to you, while it being tied to something outside of its market movements becoming "complete nonsense" alludes me.
The examples I gave, they are both fundamentally affected by the same event - the war in Iran. If Iran starts shooting missiles at a broad scale, the ships *will* stop. It's true that you could give two separate SL orders at both respective markets, but the ability to tie them together wouldn't become any less sensible in concept because of it.