> For the complete documentation index, see [llms.txt](https://midashand-1.gitbook.io/midaspredict/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://midashand-1.gitbook.io/midaspredict/the-basics/making-your-first-trade.md).
# Making Your First Trade
This page walks you through everything from connecting your wallet to placing your first trade on MidasPredict. The whole process takes a few minutes.
***
## Before You Start
You'll need:
* A web browser (Chrome or Brave recommended)
* A wallet — either an EVM-compatible wallet (MetaMask, WalletConnect) or use MidasPredict's embedded wallet
* Funds to deposit (zkLTC, USDC, USDT, or other supported tokens)
***
{% stepper %}
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### Connect or Create a Wallet
Go to [MidasPredict](https://midashand.xyz/) and click **Connect Wallet** in the top-right corner.
You have two options:
* **External wallet:** Connect MetaMask, WalletConnect, or a Litecoin-compatible wallet. Make sure it's set to the LitVM network — the app will prompt you to add it if needed.
* **Embedded wallet:** Create an account directly through the platform for a simplified experience without browser extensions.
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### Deposit Funds
Deposit supported tokens into your MidasPredict account balance:
* **zkLTC** — Litecoin's native representation on LitVM
* **Stablecoins** — USDC, USDT
* **Partner tokens** — as supported
If your funds are on Litecoin L1, use the LitVM bridge (BitcoinOS / Charms) to transfer them trustlessly to LitVM. If your funds are on Ethereum or another chain, bridge to LitVM first.
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{% step %}
### Browse Markets
Head to the **Markets** page. You'll see:
* **Daily Markets** — prominently surfaced, recurring daily predictions on BTC, ETH, gold, oil, and more
* **Featured Markets** — event-driven markets around elections, championships, and major announcements
Each listing shows the question, current share prices, volume, time to resolution, and whether the market is **Boosted** (2x Midas Points).
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### Pick Your Side
Example market:
> **"Will BTC/USD close above $100,000 at 16:00 UTC today?"**
>
> YES: $0.55 — NO: $0.45
The market is pricing a \~55% chance. If you think it's higher, buy YES. If lower, buy NO.
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### Choose Your Size
* **Quick Presets:** $5 / $20 / $50 / $100 (or % of wallet)
* **Manual input:** For precise control over your position size
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### Review and Confirm
The trade panel shows:
| Field | What It Means |
| --------------------- | --------------------------------------------------------- |
| **Position** | YES or NO |
| **Shares** | Number of shares you're buying |
| **Cost** | Total amount you'll pay |
| **Avg. Price** | Price per share |
| **Potential Payout** | What your shares are worth if you're right ($1 per share) |
| **Protocol Fee** | 1% of trade value |
| **Creator Fee** | 0–2%, shown if applicable |
| **Est. Midas Points** | Points you'll earn from this trade |
Review and confirm. Transaction confirms in under a second on LitVM.
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### Manage Your Position
* **Hold** — Wait for resolution. Winning shares redeem at $1.00.
* **Sell early** — Sell at current market price to take profit or cut losses.
* **Buy more** — Add to your position if conviction strengthens.
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### Redeem After Resolution
When a market resolves:
* **Winning shares** are redeemable for **$1.00 each**
* **Losing shares** are worth **$0.00**
Redemptions are credited to your MidasPredict account balance. Unclaimed winnings remain available for 90 days.
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***
## A Worked Example
You think BTC will close above $100K today.
1. You buy **200 YES shares** at **$0.55** each
2. Your cost: 200 × $0.55 = **$110**
3. Protocol fee (1%): **$1.10**
4. Total cost: **$111.10**
5. Midas Points earned: **110 MP** (1 MP per $1 of traded volume)
If BTC closes above $100K: 200 × $1.00 = **$200**. Profit: **$88.90**.
If not: Loss: **$111.10**.
If you sell early at $0.75: 200 × $0.75 = **$150**. Gross profit: **$38.90** (minus sell fees).
***
## Tips for New Traders
* **Start small.** A few $5–$20 trades will teach you more than reading docs.
* **Start with Daily Markets.** They're well-structured, resolve quickly, and build familiarity.
* **Read the resolution criteria.** Check exactly how and when the market resolves.
* **Watch for Boosted markets.** Same fee, double the Midas Points.
* **Don't forget you can sell.** You're never locked in.
***
## FAQ
What's the minimum trade size?
The minimum trade size is **$1** per buy or sell transaction.
Can I trade on mobile?
Yes — the web interface is mobile-responsive.
Do I earn Midas Points on every trade?
Yes. You earn 1 MP per $1 of traded volume. If the market is Boosted, you earn 2x. See [How to Earn Midas Points](/midaspredict/the-basics/how-to-earn-midas-points.md).
---
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