source avatarkarcharodon

Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy

This NBA trader is up around $170k in a single day and over $450k all time on @Polymarket What shocked me wasn't the profit It was the patience Around 30 to 35 days ago this trader started accumulating Knicks shares when the team was performing well but the market still wasn't fully convinced Over time they built a position of 225275 shares at an average price of 11.2c Total cost was approx $24,000 Fast forward to today The Knicks have kept winning and the odds have climbed from 11c to 63c That move alone has put the trader deep into profit And here's the crazy part If the Knicks go on to win the NBA Finals this position could pay out $225,275 Turning a $24,000 conviction bet into almost 10x in about a month The biggest lesson here Sometimes the money isn't made by chasing hype It's made by spotting momentum before everyone else

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.