/polymarket-live-executor

Pre-Flight Checklist for Live Trading

Complete ALL items before executing your first live trade.

Wallet Setup

• Created a dedicated burner wallet (NOT your main wallet)
• Funded with an amount you can afford to lose entirely
• Verified wallet has USDC on Polygon network
• Verified wallet has small MATIC balance for gas
• Private key stored in environment variable only (not in files or code)

Environment Configuration

• POLYMARKET_PRIVATE_KEY is set to burner wallet key
• POLYMARKET_CONFIRM=true is set (required safety gate)
• POLYMARKET_MAX_SIZE is set to your per-trade limit (default: $10)
• POLYMARKET_DAILY_LOSS_LIMIT is set (default: $50)
• Verified configuration with check_positions.py --balance

Analysis Completed

• Identified specific market and opportunity using polymarket-analyzer
• Reviewed order book depth with analyze_orderbook.py
• Confirmed sufficient liquidity at target price
• Understood the market's resolution criteria
• Checked market end date (not expiring imminently)

Paper Trading Validation

• Tested the same strategy in paper trading mode first
• Paper trading results reviewed and acceptable
• Understand expected win rate and risk/reward ratio
• Strategy has shown positive expectancy in paper trades

Risk Management

• Set maximum position size per trade
• Set daily loss limit
• Decided on exit strategy (when to take profit, when to cut loss)
• Understand that prediction markets can go to 0 or 1
• Accepted that all funds in burner wallet could be lost
• Not trading with money needed for bills, rent, or essentials

Execution Plan

• Know the exact token ID for the trade
• Know the side (BUY or SELL)
• Know the size (number of shares or dollar amount)
• Know the price (limit) or willing to accept market price
• Reviewed current bid-ask spread
• Will carefully review the confirmation prompt before approving

After the Trade

• Verified trade executed at expected price (check trades.log)
• Set a reminder to check position before market resolution
• Know how to cancel open limit orders if needed
• Plan for monitoring: will check at least daily

Emergency Procedures

If something goes wrong:

1. Unset POLYMARKET_CONFIRM to prevent any further trades
2. Use check_positions.py --orders to see open orders
3. Cancel all open orders if needed
4. Transfer remaining funds out of burner wallet if compromised
5. Create a new burner wallet if the old one may be exposed