The story of nicoco89 journey on Polymarket

The story of nicoco89 journey on Polymarket.

What you’re about to read isn’t really an interview, but rather a kind of stream of consciousness, a personal reflection that the Polymarket trader Nicoco89 shared exclusively with Polynoob. In it, he tells the story of how he started on Polymarket, his very first trade, and the markets that have marked his journey, for better and for worse, enjoy the read.

But first, a quick introduction: he has been a Polymarket trader since 2024. Through consistency and dedication, he’s managed to win over $50k on the platform, particularly in election markets. Now, you’re probably thinking, come on Polynoob, we want to read about this trader NOW!
Alright 🙁 alright… , time to hand it over to Nicoco89!

The beginning of Nicoco89 journey

Sooo, I’m passionate about politics, and before using Poly, I followed elections around the world very closely. I’ve been watching the US presidential election night since I was 14, even though I’m not American. I talked about it quite often at work, and a colleague told me, “Since you like politics, you should check out Polymarket.” I signed up for Polymarket in June 2024, depositing $410 during the British and French elections.

My very first bet was on the British elections: “Will Reform UK get 7+ seats?” I bet yes, and I was wrong. But I didn’t let it discourage me, and I managed to win $1,000 on the political affiliation of the next French prime minister by choosing the “other” option, which was only 3%

Strategy and Mindset

I consider myself a low-risk trader. I only make large bets when I’m convinced something won’t happen, for example, Conor McGregor not winning the Irish presidential election, Alice Weidel not becoming German chancellor, or currently, no one winning in the first round of the Portuguese presidential election.

My approach is to find undervalued markets and sell once they reach a fair price

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Markets that Made Me

One of my proudest moments was during the Bolivian presidential election market. I noticed that polls were often wrong, so I bought “other” at 1–3%, even though one pair of candidates was heavily favored.
The scenario included the possibility of a first-round win, and that’s exactly what happened, a candidate polling at 5% made it to the second round. I sold between 10% and 80%, making about $1,000 in profit.

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Lessons & Regrets of nicoco89

My biggest regret is the Greenland elections (yes, I actually bet on that). One party had a 98% chance of winning, which I thought was too high. I bought 10,000 shares at 2% and sold them at 5% to secure the gain. The party ended up losing badly

Quick, fast trades that can truly build a great fortune on Poly, because going from 2 to 5 is over a 100% gain! 🙂

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the strength of Polymarket

Beyond individual markets, I believe Polymarket has incredible potential.
The diversity of markets means there’s always something to bet on, and with the growing number of US users, data will only get sharper, maybe even essential for financial markets in the future.

I’m proud to be part of this adventure.

Polynoob thanks Nico for sharing his journey with us all, in this special article about him!

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Disclamer: This article is for informational and educational purposes only and should not be considered financial or investment advice. Trading on prediction markets like Polymarket carries inherent risks, including potential loss of capital. Always conduct your own research and consult with a professional before making financial decisions.

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