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July 15, 2026

The fleet sails; the ledger records

EVIDENCE HEALTH
Live trades
52
Live trading days
8
Live result
—
Sample status
Too small to prove edge
Record basis
Internal broker records reviewed by desk
Independent audit
No
Session summary

Paper only — 0 rehearsal trade(s), honestly scored, no capital at risk.

What happened
  • No live trades today — the desk's capital sat safe while the research fleet did the work.
  • The research fleet sailed 98 paper strategies across 8 asset classes.
  • The three-fund control experiment marked to the close: setup-driven and news-driven paper funds versus a pure random baseline.
  • 7 pre-registered exams remain under test with frozen rules — none may change mid-exam.
Closed live summary
Instrument typeU.S. listed options
Strategy familyMomentum breakout
Executed by—
Number of live trades0
Net return+0.00%
Risk multiple—
Rule followed—
Internal record matched—
Independent auditNo
What we learned
  • The current fleet leader is a calendar approach in long-dated options, 10 session(s) at sea. Leadership this early means little — longevity is the score that counts.
  • The news fund is currently ahead of the random baseline. The bar to matter is beating luck — not beating zero.
What changed after
  • No live parameters were changed. Anything that earns promotion must first beat a random baseline, survive costs, and hold up out-of-sample.

Private ledger note. Full trade-execution detail (contracts, strikes, timestamps, prices, order IDs) remains in the private Ledger. The public journal publishes closed summaries for accountability, not signals. Every live figure above is taken from the broker-reconciled ledger, and sessions the founder traded by hand are labelled as manual rather than folded into the system's record.