Themes and goals that move the book

Two kinds of sentence in the Strategy › Guidance box now change what is traded directly, by code, once you confirm the card: a theme ("pay attention to stocks exposed to Globex like its cloud partners because we expect Globex to IPO soon") and a goal ("double my money in 4 months"). This page says what each does, what you see before you confirm, and how to take it back.

Where

Strategy › Guidance, the box called Tell your desk

A theme

A Theme tilt card: a cited basket that code builds toward a share of your stock sleeve once you confirm

A goal

A Goal card with the panel What this goal implies, plus the posture its arithmetic implies as a piece you can untick

When it applies

Only on Confirm. A theme tilt needs no code; an implied posture asks for your code, MORE RISK and, for Speculative, the acknowledgement

How it ends

End now, Take it back, or the end date; code sells a tilt's extra back at the next close

A theme: what the card shows and what code does

The card lists the names it mapped and, for each, one sentence on the link ("largest outside investor and primary cloud partner") and its source ("your words", a filing, a dated announcement). Names you said yourself come first and stay; the desk adds listed companies with a direct link and leaves out the loose ones, saying which and why under Technical details. A private company has no ticker: the card says so and maps the listed investors, suppliers and partners instead.

Under the basket the card says the size in words: 10% of your stock sleeve, what that is as a share of the book and per name in dollars at today's equity, and the bounds (2%–30% of the sleeve). Say a number in your sentence ("put 20% of my stock sleeve on it") to change it; nothing outside the bounds is accepted.

When you confirm:

1. 1The names join your watch list (the ones already there are left alone).
2. 2A row in Strategy › History records each name's target weight before and after, so the change is typed and reversible.
3. 3At the next close, code plans buys toward each name's target, split equally, and parks them for the open as ordinary proposals. They pass the approval line, the Critic's pre-trade look, every limit and every hard rule; a name a hard rule forbids is skipped and the plan says so. An order the per-order cap cuts short converges over the next sessions.
4. 4The Portfolio Manager sees the tilt at the top of every session as built by code, cites it when it touches those names, and does not sell or trim them without stating a reason; the Critic grades an uncited sale.

Ending or reverting the tilt writes the reverse row and, at the next close, code sells each name back down to what the book held before the tilt (never below it), once. After that the positions are the desk's to manage like any other.

A goal: the odds, then the envelope

A goal with a number and a date gets a panel before you confirm anything:

• What it needs: the return per month, compounded ("double in 4 months" needs about 19% a month, every month).
• A fan: two thousand simulated books at your book's own measured volatility (or, when the book is too young or sat in cash, at the volatility of the posture the goal implies), with the middle half and nine in ten of outcomes shaded, your target and your loss budget drawn as lines.
• How often the loss budget is hit first, and how often the target is reached inside the horizon. The loss budget is the one you stated ("I can stomach losing a third"), else the drawdown brake the card would set, else the one in force. When the brake in force is 100% (a Speculative book) there is no loss line to hit first, so this line reports how often the book loses half or more before reaching the target instead.

The panel ends with the sentence that matters: this is arithmetic, not a forecast of the desk's skill. The platform pursues the goal inside your limits either way.

If the goal's arithmetic asks for more appetite than your posture gives, the card carries a second piece, Posture: Aggressive or Posture: Speculative, marked implied by your goal. It is an ordinary posture change: it loosens your protection, so it asks for your code and MORE RISK (and the Speculative acknowledgement, paper books only), and it moves exposure and concentration to that posture's edge and nowhere beyond the code's bounds. Untick it and the goal is confirmed on its own; your settings stay as they are and the desk pursues the goal inside them. A stated loss budget becomes the drawdown brake, as its own piece, the same way. Under the posture piece the card lists the exact limits that switch would move on your book and to what (largest order, largest holding, most invested, the two stops), each linked to its row on Risk in case you would rather move one number than the whole posture. With it comes a third piece, Take more risk inside your limits, also marked implied by your goal: it tells the desk to use the room your limits give (bigger positions, more of the book invested, no half-size first buys) and moves no limit, so it needs no code; see Tell your desk.