Polymarket trader "beachboy4" lost over $2 million in 35 days

PANews January 5th News, according to Lookonchain tracking and analysis, a trader named “beachboy4” made 53 prediction trades on Polymarket within 35 days. Despite a win rate of 51% (winning 27 trades), they ultimately lost over $2 million. Their largest single profit was $936,000, and the largest single loss was $1.58 million. The average bet per trade was about $400,000, indicating high-risk behavior. This address bought “Consensus Direction” at high prices ranging from 0.51 to 0.67 in multiple transactions, forming a “limited upward + fully downward” range odds structure. No stop-loss, hedging, or early take-profit functions were used, leading most losing positions to be closed at zero. Additionally, this trader frequently bet “high-confidence” events in transparent, efficient markets, such as NBA or popular football teams. The final losses were not due to bad luck but rather a strategic structural imbalance. Lookonchain summarizes five practical lessons: avoid entering at high prices, control single-trade risk, take profits and stop losses at appropriate times, evaluate risk-reward ratios, and abandon markets with no advantage.