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bellwether

Shape how it trades

Posture, autonomy and allocation; the Playbook versus day-to-day Steering; the hard constraints.

8 articles

Three layers, strict precedence: rules the Executor enforces, standing configuration every session reads, and time-boxed steering the PM must acknowledge. Each is edited in exactly one place.

  1. Posture, autonomy and allocationThe three dials that set how hard the book trades, the one place they are edited (Strategy › Profile), and why loosening asks for more than tightening.Owners & operators10 min read
  2. Autonomy levelsManual, Semi and Full only move the approval threshold. No level skips a risk check, and Halt works the same in all of them.Owners & operators8 min read
  3. Guidance: standing rules and notes for nowOne list replaces the Playbook and Steering. Every note has a lifetime and a strength; a hard rule is enforced by the Executor, soft guidance is acknowledged and argued with, never enforced.Owners & operators9 min read
  4. How your posture changes what the desk doesThe posture is the Portfolio Manager's mandate: the first thing it reads, the numbers it sizes with, and the standard its sessions are graded against. Here is what each posture makes it do, and how you can tell it did.Owners & operators4 min read
  5. Guidance: standing and for nowOne list of notes to the analyst. Standing guidance is your house style; guidance until a date or an event is a nudge for now that expires and must be acknowledged. When your words read as a rule the executor can enforce, you choose Enforce or Keep as guidance.Owners & operators5 min read
  6. Strategy skillsPackaged trading approaches you can install on a book. What a skill changes, what it can never change, and how it is reviewed before it is listed.Owners & operators2 min read
  7. Enforced rules (hard constraints)A guidance note the Executor also enforces in code. Three kinds, buys only, your code to create, and how it differs from the denylist and a risk limit.Owners & operators6 min read
  8. Strategies and their historycoming soonTwo read-only tabs on Strategy: what the desk actually runs (Jim's method and the founding blend) and the ledger of every weight or mode change. Behind a deployment flag for now.Owners & operators1 min read