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Risk

Exposure, limits, drawdown guards and capital protection in practice.

2 posts

Everything under Risk

28 May 20262 min readriskexecutiondesign
Why a refused order should explain itself
A rejection that says "order failed" trains traders to retry blindly. Naming the limit, the projected value and the ceiling changes behaviour in one interaction.
21 May 20262 min readriskdrawdowncontrols
A drawdown guard is a decision you make in advance
The moment you need a loss limit is the moment you are least able to set one. Why the guard measures from the high-water mark, and what it should do on breach.