Targets, executions, positions, cash, and NAV must agree without manual repair.
Risk, data, and automation
What is working—and what is not.
A degraded label is intentional: paper trading continues only where required inputs and execution checks pass.
Current checks
Fail closed, then explain why
Public update policy
Authoritative after-close reporting
No pending trade intent is published.
Promotion rules
Paper evidence required before real capital
Observe rejects, partial fills, slippage, locates, recalls, and borrow fees.
Broker-paper gross exposure and maintenance usage must remain inside the production limits.
Live CAGR and Sharpe remain hidden until the sample is large enough to be meaningful.