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I usually buy or sell enough shares to move the odds to what I see as a reasonable level.
Is that the common way to think about a prediction market? Makes sense. Well, I just took care of what I think are realistic odds: 75% yes. The procedure for impeachment has started, they have 190 assured votes, and I think they need another 108 from the ruling party. He is unpopular even within his own ranks, so I think it is a realistic outcome. The only thing that might not play in my favor here is that the procedure can be stretched out up to 6 months. My feeling though is that the ones that want to impeach him, want to do it as fast as possible.
Correction, they need 8 votes from the ruling party, not 108.
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I don't know if mine is the normal approach. I might not even stick with it.
Sometimes, I just buy 1000 shares because the odds look good, but I don't have a specific correct probability in mind.
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