How a signal is made
Nothing fires unargued.
Every candidate has to survive its own counter-arguments and a committee vote. Most don't, and that restraint is the product.
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- 01
Read
The desk builds context for its asset, its sector and the broad market. A thin read means more gathering, never a guess.
- 02
Argue
The thesis and the arguments against it are written down and stamped on the signal.
- 03
Challenge
The desk challenges its own call. Fail, and it dies quietly.
- 04
Vote
A committee votes fire, downsize or abstain. Risk checks such as news blackouts, liquidity and expected value speak as voices in the room.
- 05
Grade
Survivors are delivered, then tracked to stop, target or expiry. The outcome is published either way.
Most of what it does is say no.
Most candidates never become a signal. That is not a glitch — that is the discipline you are actually buying. The refusals are written into the machine, and the machine cannot be talked out of them — not by a beautiful setup, not by a losing streak, not by you.
If the committee votes abstain, nothing is sent. However beautiful the chart.
Committee vote · abstain
If a high-impact news event is imminent, the call stops. A high score is necessary, never sufficient.
News blackout · hard stop
Risk checks such as liquidity and expected value sit in the room as voices. They can downsize a call or sink it.
Risk voices · downsize or abstain
A desk with too little history says so instead of guessing. Thin evidence is labelled, never hidden, never hyped.
Thin evidence · labelled
You will never see the trades these rules killed. That is the point. Silence is not downtime — silence is the product working.
Judge the ledger, not the pitch.
Take 5 days at the full desk. The record stays public either way.
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