Trading Basics

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How to Trade on Predicta

This guide will walk you through the complete process of placing orders and trading on Predicta Markets.

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Understanding Orders

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Order Types

• BUY: Purchase shares in a prediction
• SELL: Sell shares you already own

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Order Sides

• YES: Betting the event will happen
• NO: Betting the event won’t happen

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Placing a Buy Order

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Step 1: Navigate to Market

1. Find the market you want to trade
2. Click on it to open the market detail page

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Step 2: Choose Your Position

1. Select Asset (for multi-outcome markets):
   • Choose which outcome you want to trade
   • For binary markets, this is automatic
2. Choose Side:
   • Click “YES” if you think it will happen
   • Click “NO” if you think it won’t happen

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Step 3: Set Your Order

1. Enter Price:
   • The price you’re willing to pay per share (0-100)
   • Current market price is shown
   • You can set a limit price (lower = better deal, but may not fill)
   • Or use market price (guaranteed to fill immediately)
2. Enter Quantity:
   • How many shares do you want to buy?
   • System shows total cost: Price × Quantity
   • Example: 75 price × 100 shares = $75.00
3. Review Order:
   • Check total cost
   • Verify you have sufficient balance
   • Confirm your position (YES or NO)

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Step 4: Confirm and Place Order

1. Click “Place Order”
2. Review Confirmation Dialog:
   • Order details
   • Total cost
   • Your balance after order
3. Click “Confirm”
4. Order Placed: Your order enters the order book

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Order Matching

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How Orders Match

• Immediate Match: If someone is selling at your price, trade happens instantly
• Order Book: If no match, your order waits in the order book
• Partial Fills: Your order may fill partially over time
• Full Fill: When your entire order is matched

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Order Status

• OPEN: Order placed, waiting to be matched
• PARTIAL: Partially filled, remaining shares still waiting
• FILLED: Completely filled, trade complete
• CANCELLED: Order cancelled (funds returned)

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Selling Shares

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Step 1: View Your Holdings

1. On the market page, scroll to “Your Holdings” section
2. See all shares you own for this market

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Step 2: Initiate Sell

1. Click “Sell” next to the shares you want to sell
2. Enter Quantity: How many shares to sell
3. Set Price: Price you want to sell at
   • Higher price = more profit, but may not sell immediately
   • Market price = guaranteed to sell, but less profit

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Step 3: Confirm Sell Order

1. Review Details:
   • Shares to sell
   • Price per share
   • Total proceeds
2. Click “Confirm”
3. Order Placed: Your sell order enters the order book

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Cancelling Orders

1. Go to “Orders” page in sidebar
2. Find your open orders
3. Click “Cancel” on any order you want to cancel
4. Funds are immediately returned to your balance

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Order Types Explained

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Limit Orders

• Set a specific price you’re willing to pay
• Order only fills if someone matches your price
• Better prices, but may not fill immediately
• Good for: Getting better entry prices

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Market Orders

• Fill immediately at current market price
• Guaranteed to execute
• May pay slightly higher price
• Good for: Quick execution when you need it

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Trading Tips

1. Start Small: Begin with small positions to learn
2. Watch Prices: Prices change as information arrives
3. Set Limits: Use limit orders to control your entry price
4. Diversify: Don’t put all funds in one market
5. Monitor: Keep an eye on your open orders

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Common Trading Scenarios

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Scenario 1: Quick Trade

You see a market you want to trade immediately:

1. Navigate to market
2. Choose YES or NO
3. Use market price
4. Enter quantity
5. Confirm and trade

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Scenario 2: Patient Trade

You want a better price:

1. Navigate to market
2. Choose YES or NO
3. Set limit price below market
4. Enter quantity
5. Wait for order to fill
6. Cancel if price moves away

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Scenario 3: Selling for Profit

You want to lock in profits:

1. View your holdings
2. Click sell on profitable position
3. Set price (or use market price)
4. Confirm sell
5. Profit locked in

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Understanding Order Costs

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Total Cost Calculation

Formula: Price × Quantity = Total Cost Example:

• Price: 75
• Quantity: 100 shares
• Total Cost: 75 × 100 = $75.00

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Available Balance Check

Before placing an order:

• System checks your available balance
• If insufficient, you’ll be prompted to fund account
• Suspense balance shows funds reserved for orders

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Next Steps