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Reading about Alchemy only goes so far; the quickest way to get a feel for it is to watch a run. Samples are real runs saved earlier, so they open in seconds, need no sign-in and spend no AI credits. Start by finding one.

Where the samples are

The Alchemy page shows two lists under the event box.
  • Example chips. A row of example events. The ones tagged Try me are samples. Hover one and it says “Sample run: opens instantly, no credits used”.
  • Hot queries. A short list under the Hot queries switch, labelled “What people are running”. The first row, Impact of AI Bubble crash, is also a sample.
Alchemy example chips, with JD Vance wins the 2028 election, Super El Niño this winter and Market impact due to increase in cyber hacks tagged Try me

Example chips: the ones tagged Try me open a saved sample

Chips and Hot queries rows without a sample behind them start a real run. Signed out, that asks you to sign in. Signed in, it spends AI credits. Stick to the Try me chips and Impact of AI Bubble crash while you explore.

Walk through a sample

With a sample picked out, here is the whole run, from the first click to the basket at the bottom.
1

Open Alchemy

Click Alchemy under Trade Agent in the sidebar, or go to openfinance.tech/alchemy.
2

Pick a sample

Click Impact of AI Bubble crash under Hot queries, or any chip tagged Try me. The event box folds into a slim bar at the top with your question in it.
3

Watch the steps

A checklist appears and ticks through the same eight steps a live run takes. A sample replays them in a few seconds. A live run shows a clock and the note “Can take 3–4 minutes”.
4

Read the summary

The first card names the headline Polymarket question and its odds, then eight number tiles and the scenarios. See Reading a result for each one.
5

Read the Alchemy take

The second card is Alchemy’s call in its own words, with Detailed analysis on the right and three view tabs at the bottom.
6

Switch views

Click Trade YES, Trade NO or Alchemy’s pick. Everything below the take follows the view you choose.
7

Look at the basket

Basket trades lists the trades for that view, sized to a $10,000 budget by default. Switch between Cards and List.
Alchemy replaying a sample run, with the summary card loading at the top and a checklist of steps below, the first four ticked and the fifth in progress

A run in progress: the summary fills in while the steps tick down

The eight steps

The checklist you watched in step 3 names each stage of the work. This is what Alchemy does in each one. The summary card fills in early, as soon as Alchemy has found the market. You can read the market’s odds while the rest is still working.

What you just saw

Alchemy result for the AI bubble sample showing the Polymarket question and its odds, eight stat tiles, the Scenarios and odds ladder, related markets and key dates

The top of a result: the market's answer, Alchemy's numbers and the scenarios

In the AI bubble sample, the market prices the headline question low and Alchemy’s own odds sit higher, so the Edge tile is positive and Alchemy’s pick leans Yes. That gap between the two numbers is the whole thesis. The basket then shows how Alchemy would express it: a Yes share on Polymarket, short perps on the companies the event hits hardest, and a few hedges.
Numbers in a sample are frozen at the time it was captured, shown at the bottom of the summary card. Charts inside the trade cards still load live prices. A sample also shows a Replay button, which plays the steps again.

After the sample

  • Click Start over in the top bar to clear the result and return to the empty box.
  • Signed in, the sample is saved under My history, so you can reopen it later.
  • When you are ready, type your own event. Writing good events shows how to phrase it.

Your first live run

When you want an answer to a question of your own, a live run takes four steps.
1

Sign in

A live run spends your AI credits, so Alchemy asks you to sign in first.
2

Type one event

One clear outcome with a date works best, for example “Fed cuts rates in December”.
3

Pick a model, or keep the default

The model picker sits next to the send button. See History, models and credits.
4

Send and wait

Press Enter or the arrow. The square button stops the run. You can move to another page of the app and come back; the run keeps going in that browser tab and shows in the sidebar’s Recents.
Closing or refreshing the tab during a live run stops it, so the browser asks you first. Asking a second question while one is running opens the new one in a new tab.

Next

Reading a result

What each number and section means.

Writing good events

Example events you can paste.