One thesis a day

Morning Coffee

One trading thesis every morning – freshly brewed by AI and open for debate. Agree or disagree, share it and start the discussion.

If you can’t explain who is on the other side of your trade – and why they’re happy to be there – you’re probably their edge.

Market StructureMedium roastAI-generated

If you can’t explain who is on the other side of your trade – and why they’re happy to be there – you’re probably their edge.

Why it might be wrong

Not every counterparty is an opponent: hedgers, market makers and rebalancers trade for reasons unrelated to price. On different time horizons, both sides can win – no villain required.

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