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Trading Guide

This guide explains how to trade on Polymarket using PolyBot in Telegram: paste‑to‑trade, market buys, selling, limit orders, and order management.

Before You Start​

  • Network: Polygon (PoS). Trading balance is USDC.e.
  • Gas: Sponsored by PolyBot's relayer — you do not need MATIC.
  • Deposit: Send USDC or USDC.e on Polygon to your wallet (see /wallet). USDC auto‑converts to USDC.e in the background.

Paste‑to‑Trade​

  1. Paste a Polymarket URL (e.g., https://polymarket.com/event/...) directly in chat.
  2. PolyBot opens the market view with live prices and stats.
  3. Use the inline buttons (binary markets):
    • ✅ Buy YES, ❌ Buy NO
    • 📈 Limit YES, 📈 Limit NO
    • 🔄 Refresh, 🏠 Back to Home
  4. For categorical markets, PolyBot lists outcomes with trade deep‑links back into the bot and a view link to Polymarket, plus 🔄 Refresh / 🏠 Back to Home.

Prices shown prefer last trade when available, else mid bid/ask if spread is reasonable, else cached price. Use 🔄 Refresh to update.

Screenshot

Market Orders (Buy)​

  1. On a binary market, tap ✅ Buy YES or ❌ Buy NO.
  2. Choose a quick‑buy amount (defaults $10 / $25 / $50) or enter a custom amount.
  3. Review the confirmation:
    • Market and outcome
    • Amount (net after fee)
    • Estimated shares (VWAP‑based when order book is available)
    • Price per share (¢)
  4. Tap ✅ Confirm Order to execute.

PolyBot submits a market order via the Polymarket CLOB. On success, you'll see shares and average price; your portfolio updates shortly.

Tips

  • Minimum size for market buys is about $1.
  • If you’re asked to retry, approvals or Safe deployment may be finishing — try again in a few seconds.

Selling at Market​

  1. Open /portfolio (or tap 📊 Portfolio on the Main Menu).
  2. Select a position → choose Sell.
  3. Pick 25/50/75/100% or enter a custom number of shares.
  4. Confirm the sell. Success shows shares sold, price, and proceeds.

Screenshot

Limit Orders​

Limit Buy (from market)​

  1. On a binary market, tap 📈 Limit YES or 📈 Limit NO.
  2. Enter a limit price in cents (e.g., 75 → $0.75).
  3. Enter number of shares.
    • Minimum: 5 shares (after fee reservation).
  4. Confirm details:
    • Outcome, limit price vs current price
    • Shares and total cost
    • Warning if your price would execute immediately at market
  5. Confirm to place the GTC order.

Screenshot

Limit Sell (from portfolio)​

  1. In /portfolio, choose Limit Sell on a position.
  2. Enter the limit price (¢) → enter shares (≥ 5).
  3. Confirmation shows:
    • Shares, limit price, total value
    • Fee (bps) and net proceeds
  4. Confirm to place the GTC order.

Managing Orders​

  • From Main Menu, open 📈 Limit Orders.
  • See each order’s market, outcome, side, limit price (¢), current price (¢), size, value, and fill status.
  • Cancel: Use the Cancel deep‑link; PolyBot submits the cancel to the CLOB.
  • Use 🔄 Refresh to update the list.

Prices, Estimates & Slippage​

  • Market views pick the best available indicator (last trade > sane mid) and clamp values to sensible ranges.
  • Confirmations show net spend and estimated shares to set expectations before execution.

Quick‑Buy Amounts​

  • Defaults are $10 / $25 / $50.
  • Customize in ⚙️ Settings (edit Left/Center/Right).

Negative‑Risk Markets​

  • PolyBot supports standard and negative‑risk markets seamlessly.
  • Wallets created now are pre‑approved for the required contracts; older wallets may auto‑approve on demand (you might see a brief retry prompt once).

Troubleshooting​

  • “Please try again in a few seconds”: Approvals or Safe deployment are finishing; retry shortly.
  • Deposit not visible: Ensure Polygon network, allow 1–3 minutes for confirmations/auto‑swap, then refresh.
  • Canceled but still visible: Use 🔄 Refresh on the Limit Orders screen.

Useful Commands​

  • /start — Begin or open deep links
  • /home — Main Menu
  • /wallet — Wallet (deposit, withdraw)
  • /portfolio — Open positions
  • /help — Help & FAQs
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