GM Munchers. This is Pip Munch, the trading newsletter that helps you spot winning trades like Warren Buffet spots a deal—and we don’t even need $276 billion in cash!

On today’s menu:

• The New Platform Traders Are Making Millions On 🤑

• Another Firms Bites The Dust ❌ 

• Insane New Trump Interview 🇺🇲 

The Website Changing The Trading World 🤑 

Some traders like their Forex pairs, others prefer commodities. Some even dabble in stocks. But if you're still trading the same old instruments, it might be time to step out of 2015 and into something a little… spicier. 🌶️ 

Because what if I told you there’s a whole new world of trading? And it doesn’t involve staring at charts until your eyes go square.

There’s a website that’s been turning heads and fattening wallets—Polymarket.

According to our friends at Wikipedia:

Polymarket is a decentralized prediction market platform that allows users to place bets on world events. Users buy and sell shares using cryptocurrency to bet on the likelihood of future events taking place.

👉️ The Pip Munch Definition? Polymarket isn’t your grandma’s stock exchange. Think of it like the Wild West of trading, but instead of trading boring currency pairs, you’re betting on world events.

Want to guess who’s going to win the 2024 election? No problem. 🇺🇲 

Want to trade on whether there’ll be a ceasefire in the Middle East before September? Yup, they’ve got that too. ✅ 

Forget about trading EUR/USD—how about betting on the next Super Bowl champion instead? Now that’s more exciting than your average day in the stock market. 🏈

With over $680 million in bets placed on the 2024 Presidential Election alone, Polymarket is turning prediction markets into big business.

So why is this changing the trading world? Let's dive in 👇

1/ A new way to make money. 💸

We’re not saying you need to ditch your current trading strategy. But Polymarket offers an entirely different playing field. Perhaps something to add to your repertoire?

Whether it's politics, sports, or global events, the possibilities are endless—and sometimes, massively profitable. With prediction markets, you're not just relying on price action—you’re playing the long game with global events.

A new type of swing trading, perhaps?

2/ A new trading tool? 🔨 

Some of these events, like the US election and Israel x Hamas war, can have major implications on market sentiment. And Polymarket is way better than traditional polling.

Why?

It’s decentralized, and unlike polls, people are actually putting their money on this. As they say, money speaks louder than words.

And this could give traders a whole new edge. Imagine knowing which way the market is leaning before the stock markets react. Think of it as early insight into the next big moves.

3/ Trade on human behaviour. 🧠 

Here’s where it gets spicy: Polymarket lets you trade human psychology.

No charts, no Fibonacci retracements—just pure human emotion and sentiment.

If you understand how people react to news and events, this could be a goldmine. We all know markets are driven by fear and greed—now you can trade that directly.

👉️ The Pip Munch Take: Prediction markets are only going to grow in popularity and offer a new kind of opportunity for traders. Don’t ditch your current approach, but this is worth looking into.

PS: If you want us to drop a few hundred dollars into a bet and share our experience with the platform, reply to this email and let us know!

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Another One Bites the Dust ❌

Yesterday, Indigo Trader Funding officially closed up shop and announced its closure.

Another firm bites the dust, and traders are feeling the fear.

Here's the official announcement:

Is this surprising?

Not even a little. ❌

Earlier this week, we reported the closure of Funds for Traders, which blamed Eightcap's sudden decision to stop supporting MetaTrader platforms for prop trading.

If that’s true, it raises a question mark for any firm in a similar situation. And guess who’s on that list? You got it—Indigo Trader Funding.

So, what does this mean for traders? 😬 

It’s a stark reminder to stick to the firms that have been around for a while (12+ months) and have shown they have the infrastructure to support long-term success.

Many of these pop-up prop firms are trying to capitalize on the hype, but when their foundation is as weak as their promises, closures like this aren’t a matter of "if"—they’re a matter of when.

Remember, if you trust a firm that has barely been around for less than 12 months, you might be putting your money in jeopardy. 🎲 

Takeaways:

1/ Stability trumps excitement. 🧘 Focus on firms with longevity and a proven track record. The new, flashy firms are tempting, but the slow-and-steady firms win the race.

2/ Risk management isn’t just for trades. 📊 The same principle applies to the firms you trade with. Don’t go all in with untested firms. Diversify across reliable companies to get the most funding possible.

3/ Prop trading is still in its infancy. 👶 Like the early days of crypto, we're witnessing growing pains. The strongest will survive, and in the meantime, traders must be vigilant about which firms they trust. It's a new world, and the foundation is being built.

As more firms continue to shut down, remember: not all that glitters is gold. Make sure the ground you're standing on is stable before you take your shot at trading success.

Stay sharp, traders.
Mr.Pip

☕️ Pre-Market Fuel

1. What was life like 100 years ago? This is non-trading related but just super cool.

2. Insane new Trump interview. You’ve got to see this one-minute clip from yesterday’s Theo Von x Trump interview. It’s the best content you’ll see today.

🍪 Munchy Memes

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