Glossary

Every Bellwether word, in one sentence each.

Who it is for: Everyone on the book
Reading time: 1 min read
Updated: Sep 10, 2026

The words you will meet on , alphabetically. Inside the rest of this help, the first mention of any of these is dotted-underlined; tap it for the definition. Every entry links to the article that explains the idea in full.

Account rolealso: account roles, owner, operator, reviewer or viewer, reviewer: What an account may do on a book: Owner (everything, including users and Admin), Operator (everything except those), Reviewer (read, Consult, Lab and feedback; never trade, steer or halt), Viewer (read only). Read more →
Acknowledgementalso: acknowledged, acknowledge: The analyst's written confirmation of each guidance note for now: applied, not applicable, or disagrees. A session that skips this fails and changes nothing. Standing guidance is read, not acknowledged note by note. Read more →
Act linealso: no-trade buffer, buffer: The blend strength at which a confirmed idea is worth a trade at this posture, shown as a number with a no-trade buffer around it: 'acts above 0.31; ignores 0.26–0.36 as noise'. Read more →
Algorithmalso: algorithms: A systematic signal (momentum, mean reversion, Jim's method) computed from daily prices. The ones that are on are shown to the PM and, with weight, count in the score; none of them can block a trade. Read more →
Analyst: The Claude agent that reads market data, positions and news, then writes order proposals with a written reason. It has no broker keys: every order, change or cancel it wants is a proposal the Executor checks and carries out. Read more →
Anomalyalso: anomalies: Something the day report flagged for a look: a halt, a timed-out session, an unacknowledged note. Each comes with a severity and a suggested next step. Read more →
Approval clockalso: thesis window clock, valid until, ten-minute clock: The "valid until" time on a card that needs you: the proposal's thesis window. You can approve any time inside it (the price is re-checked when you do); when it runs out the card expires unsent and the analyst is told. Read more →
Approval thresholdalso: approval line: The dollar size above which an order stops and waits for you. Orders at or under it go straight through the risk checks on their own. Read more →
Authenticator appalso: authenticator, TOTP: The phone app (Google Authenticator, 1Password, Authy…) that shows a fresh six-digit code every 30 seconds. Every sign-in and every sensitive action asks for one. Read more →
Autonomyalso: autonomy dial, autonomy level, autonomy levels: A dial with three settings (Manual, Semi, Full) that only moves the approval threshold. It never skips a risk check, and Halt works the same in every setting. Read more →
Blend v2also: cutover, preview: blend v2: The next version of the blend: signals put on one scale, weights pulled toward equal and capped, the result scaled back up. It runs as a preview beside today's blend until the evidence passes and you accept the cutover. Read more →
Blocked proposal: A proposal stopped by a halt. It says nothing about whether the idea was good; it simply was not allowed to move while trading was stopped. Read more →
Code checkalso: step-up, step-up re-auth, re-auth, step up, authenticator code: Typing a fresh six-digit code from your authenticator app before a sensitive action. A code stays good for 30 minutes on that device; a few critical actions (Full autonomy, disabling a user) want one from the last five. Engineers call it step-up re-authentication. Read more →
Consult: Your chat with a read-only advisor that knows your book and this help. It answers questions and puts typed cards in front of you (a steering note, a level to watch, an analyst run, a brief, a setting change) that do nothing until you confirm; it cannot trade. Read more →
Critic: A fresh-eyes Claude review of every session and of larger new orders. Its findings go back to the analyst, which must answer them; it can hold a new order for up to 90 seconds while it looks, but with its gate off (today) it never blocks one. Read more →
Daily loss limitalso: daily loss halt, daily loss: If today's loss reaches the limit (150 dollars on the Moderate posture), trading halts by itself and stays halted until you press Resume. Read more →
Day reportalso: day reports: The automatic end-of-day page: what ran, what it cost, what filled, profit net of AI cost, and anything that looked off. Built at 15:45 CT. Read more →
Denylistalso: denylisted: Names the executor must never buy, whatever the analyst thinks. Adding one is a click; removing one is a loosening and asks for your code. Read more →
Display order: The order algorithms are listed in on their page. Cosmetic: it never changes a score, a trade, or which name is preferred. Read more →
Drawdownalso: drawdown limit, drawdown halt: How far the account has fallen from its highest value so far. Past the drawdown limit (8% on Moderate) trading halts by itself. Read more →
Earnings blackout: No buying a company whose earnings report is today or within the next two days. Surprises are not a strategy. Read more →
Effective weightalso: counts as, diversification cap: The share of the blend a signal really counts for after weights are pulled toward equal and capped: 'You set 30% → counts as 22%'. Read more →
Enforced rulealso: hard constraint, hard constraints, hard steering note, enforce: A guidance note the executor enforces as a rule: no new buys, a lower exposure cap, or a list of symbols never to buy. Offered as Enforce when your words read as one; needs your code. Read more →
Ensemble scorealso: ensemble, blend score, blend: The weighted average of the enabled algorithms' signals, between −1 and +1. A prior for the analyst to cite, never an order. Read more →
Executor: The plain, tested Python program that checks every proposal against the risk policy and is the only part of Bellwether that talks to the broker. No AI inside. Read more →
Expired proposal: A proposal nobody decided on in time. Nothing was sent to the broker. The analyst sees the outcome next session. Read more →
Flattenalso: flatten all: The emergency exit: halt, cancel every open order, and place limit sells for every position. Protected by your code and a typed confirmation. Read more →
Gross exposure: The share of your account that is invested rather than sitting in cash. Capped at 60% on the Moderate posture. Read more →
Guidancealso: steering note, steering notes, steering, soft note, guidance note, standing guidance, playbook, strategy note: A plain-language note to the analyst on Strategy › Guidance, about the whole book or one symbol. Standing guidance is your house style and applies to every session; guidance until a date or an event expires and must be acknowledged by every session while it is active. Either can be enforced as a rule. Read more →
Haltalso: kill switch, halted, halting: The crimson button in the top bar. It stops all new orders within about five seconds and never asks for a code. Resuming does ask for one. Read more →
Hidden lessonalso: hide lesson, hide from the desk: A lesson you hid from the desk: it stops appearing in the state card, the agent sees your reason and must retire it or say why it stays. The lesson itself is not edited; you can show it again. Read more →
Invalidationalso: invalidation level: The price or condition at which the analyst has said its thesis is wrong. Positions near their invalidation get a fresh look every session. Read more →
Jim's methodalso: Jim's method (AV pivot): A trend-following system contributed by Jim: an average-value line, three-bar pivots, and a weekly bias that decides whether buys are welcome. Read more →
Learning loopalso: learning, how the desk learns: What happens after every close, in code: record what each session ran under, settle what happened to each decision, grade each role with honest sample sizes, count repeated mistakes, and queue memory clean-ups for the agent to answer. Nothing in it changes trading on its own. Read more →
Lessons: Notes the analyst writes to itself after the close so the next day starts smarter. They live in its memory and appear in the state card. Read more →
Limit orderalso: limit orders, day order: The only order type Bellwether places: buy or sell at a stated price or better. Every order is a day order, and the Executor cancels anything still unfilled when its window ends, before the close. Read more →
Live accountalso: go live, go-live, live trading, live money: A real-money brokerage account. Reaching it takes weeks of paper evidence and a multi-step ceremony; it is never one click. Read more →
No view yetalso: no view, coverage: What a name reads instead of a number when too few signals have a view on it. A missing view is left out of the blend, never counted as zero. Read more →
No-trade window: The first and last 15 minutes of the trading day, when the executor places nothing regardless of what the analyst thinks. Read more →
Not enough data yetalso: needs 20 sessions: What a grade tile says below its floor, for example “needs 30 decisions, has 7”. A number over a handful of decisions is noise, so no value, colour or arrow is shown until there is enough history. Read more →
Notional: The size of an order in dollars: shares multiplied by the limit price. Read more →
On the benchalso: bench, benched: An algorithm that is on with weight 0: the PM reads its view, the score ignores it. New algorithms arrive on the bench so they never dilute the score until you give them weight. Read more →
Paper accountalso: paper trading, paper book: A simulated brokerage account with pretend money and real prices. Every Bellwether book starts here and stays here until an explicit go-live ceremony. Read more →
Pattern day trader rulealso: PDT rule, PDT: A regulator's rule: an account under 25,000 dollars may not make a fourth round-trip day trade within five sessions. The executor counts so you do not have to. Read more →
Pinned by deployment: A limit fixed when the system was deployed. The console can tighten it but never loosen it. Read more →
Posturealso: risk posture: A named bundle of limits: Conservative, Moderate or Aggressive (or Custom if you edit a single limit). Picking a looser one asks for your authenticator code. Read more →
Proposalalso: proposals: One suggested limit order from the analyst: symbol, buy or sell, size, limit price, the thesis behind it, a confidence score, a time horizon and the price that would prove it wrong. Read more →
Quiet-day skip: An intraday session the scheduler skips because nothing has changed since the last one: no fills, nothing near a stop, nothing waiting for you. Read more →
Recovery codealso: recovery codes: One of the ten single-use codes you saved at setup. Any one of them signs you in when your authenticator is gone. Read more →
Rejected by policyalso: rejected · policy: A proposal that failed one of the risk checks. The card names which one, in plain words. Read more →
Repeated mistakealso: repeated mistakes, elevated: The same slip-up caught more than once by the automatic session review or the Critic, counted per role with the instruction it points at. “Elevated” only when the last two weeks beat that desk’s own longer-run rate. Read more →
Report buttonalso: report an issue: The small flag in the top bar (also in the ⌘K palette, and under More on a phone). Use it whenever something looks wrong or confusing; what you write is read the next morning. Read more →
Researcheralso: research brief, morning brief, midday brief: A Claude session that writes a short, sourced market brief before the open (7:45 CT) and again at midday. It produces reading, never orders. Read more →
Risk policyalso: risk checks, 18 checks, 17 checks, policy engine: The fixed list of deterministic checks every order must pass before the executor sends it: market hours, size caps, freshness of the quote, settled cash, loss limits and more. Read more →
Screenalso: screens, blocked by: An algorithm that never moves the blend score but can block a name from being bought, and says why wherever the name appears. Sells are never blocked. Read more →
Sign-in sessionalso: signed-in sessions: One signed-in device. Sessions end after 12 hours, or after four hours of doing nothing; you can see and revoke them from the account menu. Read more →
Signalalso: signals: An algorithm whose view on a name counts toward the blend score with the weight you set. It can never block a name on its own. Read more →
State card: The one-page summary the analyst reads at the start of every session: standing guidance, guidance for now, positions, open theses, limits, lessons and the latest brief. You can read it too. Read more →
Thesisalso: theses: The written reason a position is held, always paired with an invalidation: the price or event that would prove it wrong. Read more →
Thesis windowalso: order window: How long a proposal stays valid and approvable: the time the analyst thinks its idea holds. Pre-market ideas wait for the 8:45 CT order window and last into the afternoon; intraday ideas last at least 90 minutes. Read more →
Tradability screenalso: tradability: The per-order check that replaces any fixed list of stocks: US-listed, not halted, priced above 3 dollars, enough history, traded enough that your order does not move it, a tight spread, and not on your denylist. Sells are never trapped by it. Read more →
Trusted devicealso: trusted devices, remembered browser, remember this browser: A browser you asked Bellwether to remember for 30 days at sign-in: later sign-ins skip the authenticator step. It never counts as a code check, and it is forgotten when you change your passphrase, reset 2FA, or sign out everywhere. Read more →
Typed confirmation: A phrase you type to prove you mean a loosening change: the preset's name (AGGRESSIVE) for a posture, MORE RISK for a limit, MORE AUTONOMY for the approval line, REQUIRE for a gating algorithm, GO LIVE for real money. Read more →
Viewer grantalso: viewer grants, book sharing: Read-only, revocable access to your book for another person: they see what you see and can send feedback, but cannot approve, steer or halt. Read more →
Watch itemalso: watch items: A symbol and a condition to check again later, added by the analyst, by you, or through Consult. Read more →
Watchlistalso: focus list, focus: The names the analyst reads first each session (called the focus list before). Not a fence: any US-listed name that passes the tradability screen can be proposed. Add from a symbol sheet or Markets; tiers and caps on Strategy › Watchlist. Read more →
Worth a look: The neutral flag on a role’s headline measure when this month and last month differ by more than chance. It may be noise or a real shift; read the sessions before changing anything. Read more →