Wednesday 22 July · pre-open
Cards, scalps and momentum all run unattended. Square-off at 15:12.
Every position the committee opened
Positions open from 09:15.
Four in ten never resolve — they run out of clock. The target sits at +2R and only 0.8% of cards ever touch it. That is the geometry under review.
Is the organism alive, aware and aligned
Two of these now heal themselves without waking you.
Where the capital actually sits
| Book | Allocated | Deployed | Realised |
|---|---|---|---|
| Cards | 1.50 Cr | 0 | −33,334 |
| Scalps | 20.0 L | 0 | −6,699 |
| Momentum | 20.0 L | 8.11 L | +8,904* |
| Total | 1.90 Cr | 8.11 L | −40,033 |
* momentum is unrealised mark-to-market — 10 open names, nothing banked yet. Take-profit at +1.5% is now armed, so this converts to realised as names mature.
| Line | Amount |
|---|---|
| Gross trading result | −2,116 |
| Execution & costs | −37,917 |
| Net | −40,033 |
Costs exceed gross. Cost efficiency is one of the two red readiness gates.
Readiness, committee and institution