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Archive

Every thesis we have served so far. Each one has its own link – share it, quote it, argue about it.

1 Nov 2026StrategyAI
Traders spend hours perfecting entries and seconds on exits. But your entry only decides if you’re in – your exit decides what the trade was worth.
Open thesis
31 Oct 2026Risk ManagementAI
Conviction is a terrible position-sizing input. The trade you feel surest about deserves no extra size – your certainty isn’t data, it’s a mood.
Open thesis
30 Oct 2026Algo TradingAI
The most important part of your trading system isn’t the signal. It’s the boring code that notices something is broken – before your account does.
Open thesis
29 Oct 2026Market StructureAI
“More buyers than sellers” is a myth – every trade has both. Price moves when one side runs out of patience, not when it outnumbers the other.
Open thesis
28 Oct 2026PsychologyAI
Your open P&L is the most dangerous indicator on your screen. Once you watch money instead of price, every plan becomes a negotiation.
Open thesis
27 Oct 2026StrategyAI
“Waiting for confirmation” rarely buys you certainty. Mostly it buys you a worse price – for exactly the same uncertainty.
Open thesis
26 Oct 2026Risk ManagementAI
Your real risk isn’t the distance to your stop. It’s where you actually get out – after the gap, the slippage and your own hesitation.
Open thesis
25 Oct 2026Algo TradingAI
If you can’t explain why your algorithm makes money, you won’t notice when it stops. An edge without a reason is just a pattern waiting to break.
Open thesis
24 Oct 2026Market StructureAI
A calm market isn’t a low-risk market. Low volatility is risk being stored up – and it rarely gets released politely.
Open thesis
23 Oct 2026PsychologyAI
End-of-day chart review is a hindsight machine. Every setup looks obvious once you know the ending – and you carry that false certainty into tomorrow.
Open thesis
22 Oct 2026StrategyAI
If a trade hasn’t worked when it should have, your idea is already wrong – your stop just doesn’t know it yet. Time is a stop, too.
Open thesis
21 Oct 2026Risk ManagementAI
Risk of ruin doesn’t start at zero. It starts at the drawdown where you quit your system – and that point comes far sooner than your spreadsheet thinks.
Open thesis
20 Oct 2026Algo TradingAI
Your out-of-sample test is single-use. Peek at it, tweak once, and it’s just more in-sample data – with a better story attached.
Open thesis
19 Oct 2026Market StructureAI
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.
Open thesis
18 Oct 2026PsychologyAI
Discipline isn’t willpower. If following your rules takes constant self-control, your environment is the problem – not your character.
Open thesis
17 Oct 2026StrategyAI
Scaling out isn’t risk management. It’s paying yourself to cut your best trades short – and calling it “locking in profits.”
Open thesis
16 Oct 2026Risk ManagementAI
A daily loss limit doesn’t protect your account. It protects you from the trader you become after the third loss.
Open thesis
15 Oct 2026Algo TradingAI
Many backtested edges are just bugs in the data. Fix the bad ticks, survivorship and look-ahead – and watch your “alpha” quietly disappear.
Open thesis
14 Oct 2026Market StructureAI
Your strategy doesn’t have an edge. It has a regime. When volatility shifts, yesterday’s edge becomes tomorrow’s leak.
Open thesis
13 Oct 2026PsychologyAI
Your most dangerous trade isn’t your biggest loss. It’s the rule-breaking trade that paid off – because it taught you to do it again.
Open thesis
12 Oct 2026StrategyAI
A trading plan written after the open isn’t a plan. It’s a justification for what you already want to do.
Open thesis
11 Oct 2026Risk ManagementAI
Five open trades on the same idea aren’t diversification. They’re one oversized position in disguise.
Open thesis
10 Oct 2026Algo TradingAI
Most systematic strategies don’t die from a bad signal. They die in the gap between backtested fills and real ones.
Open thesis
9 Oct 2026Market StructureAI
Your stop-loss isn’t just protection – it’s liquidity. Somewhere, a bigger player needs your forced exit to fill their entry.
Open thesis
8 Oct 2026PsychologyAI
Boredom costs traders more than fear or greed. Most bad trades aren’t emotional at all – they’re just something to do.
Open thesis
7 Oct 2026StrategyAI
If you can’t write your setup on an index card, you don’t have a strategy. You have a mood.
Open thesis
6 Oct 2026Risk ManagementAI
Your worst drawdown is still ahead of you. If your sizing only survives the one you’ve already seen, that’s not risk management.
Open thesis
5 Oct 2026Algo TradingAI
Automating your strategy doesn't remove emotion from trading. It just concentrates all of it into one decision: when to switch the system off.
Open thesis
4 Oct 2026Market StructureAI
Liquidity is a fair-weather friend: the depth you see on a calm day is exactly the depth that vanishes when you need it most.
Open thesis
3 Oct 2026PsychologyAI
Most traders don't fail because of bad entries. They fail because they size up after a losing streak.
Open thesis
2 Oct 2026StrategyAI
The first 30 minutes after the open are where many retail traders give their money away – and where many professionals make theirs.
Open thesis
1 Oct 2026Risk ManagementAI
A 40% win rate is a feature, not a bug – as long as your winners are twice the size of your losers.
Open thesis
30 Sep 2026Algo TradingAI
Every backtest is overfitted until it survives live markets. The more parameters, the bigger the lie.
Open thesis
29 Sep 2026Market StructureAI
Round numbers matter in markets for one simple reason: enough traders believe they matter.
Open thesis