If you’ve successfully placed your first order, you’ve come to the right place.
With your initial 10 rupees, you placed an order on a particular event and might have profited or made a loss. Either way, it’s okay.
Now, let’s understand the types of events that you’ll find on TradeX and how to trade on Intraday events.
You can place your order on 2 types of events: CDA & Instant Match.
CDA events are like Limit Order trades. They have an order book that allows you to place orders at the price you intend to rather than at the current market price. CDA events are designed to give traders more control over the buying and selling prices of their contracts. Prior to placing a purchase order on Yes or No, a maximum acceptable purchase price amount must be selected.
Instant Match events on the other hand resemble Market Order trades. These orders are the most basic buy and sell trades, where a Yes or No order is placed and then processed at the current market price.
These events are further bifurcated into Long Term & Intraday. Long term events stretch between 2 days to 6 months and sometimes more. They’re focused on high-value situations that take longer to settle, like “Will BJP win the UP elections?”, “Will TATA Motors Sep Quarter Results end in profit?”, “Will India get the Agra-Delhi-Jaipur EV Highway by Dec’22?”, etc.
Intraday events settle within hours and are more volatile. They’re quicker to resolve and have more liquidity. These events usually go live at certain timings:
3.30 - 6.30 am = Commodity range events
7 am = Sports events
10 am = Crypto range events
11 am = YouTube views events & US Bond events
1.00 - 1.45 pm = Commodity range events
6.15 pm = NASDAQ range events
6.30 pm = Crypto range events
But this doesn’t mean that it is fixed or isn’t subject to change. In fact, a lot of intraday events go live at 4 pm and NASDAQ & Commodity events don’t trade on weekends.
Types of Intraday events:
Range: “$BTC price between $X to $Y from 6.30 pm to 1.30 am”
Views: “Liger trailer to cross 49,647,964 views by 6 pm?”
Match: “Sri Lanka to win against Afghanistan?”
For range events on commodities, crypto & US stocks, check the graph attached on the settlement link. Set the graph’s time to 1 minute (or 1m) and check for the highest and lowest points for the time range mentioned on the event.
For events on YouTube views, visit the YouTube link on the settlement section and see the total views the video has received since it was released. For example, if a video has 500K views in 5 days, it would be getting an average of 100K views per day. Moreover, if there is chatter on social media, the video would get higher number of views.
For match related events, read the match related live news or watch it live on the available channels and make your prediction based on historical data as well as player stats.
And after all this, if you still feel that you need more support or would like to know the predictions of other traders, join our Telegram channel by clicking the join telegram channel link on the app menu.