Who sits at the table, and what each one did last

1The council, seat by seat

Each card says what the seat reads, what it may decide and what it said at its last meeting, with the outcome. PAPER marks a paper decision.

1. Scout

   LLM · swing book

   1

   Reads

   Public news, SEC filings, licensed headlines (by id only) and a screen of big movers.

   Decides

   Which stocks to pitch as swing ideas, long or short, each with a stop, a target and a time limit.

   Last call

   Pitched 3 ideas: SYNA long, ACN long, MAT long. NO TRADE decision #4 PAPER

   4 calls · 100% usable · 4 paper

2. Skeptic

   LLM · swing book

   2

   Reads

   Only the ticker, the side, the cited items, a one-line claim and the fact card; never the pitch.

   Decides

   Pass, wait or reject: is the news already in the price?

   Last call

   Said wait to 2. NO TRADE decision #4 PAPER

   11 calls · 91% usable · 11 paperFailed: 1 parse failparse fail: replied in the wrong format (#1)

3. Bull

   LLM · core and swing

   3

   Reads

   The fact pack, the analysts' cards and, in the swing book, the ideas the Skeptic let through.

   Decides

   Nothing: it argues for positions (core weights and swing entries); the manager decides.

   Last call

   Add OIL → hold ref. MANAGER AGREED decision #4 PAPER

   Manager agreed with it 5 of 5 times · 9 of its 30 points rejected

   13 calls · 92% usable · 11 paper · 2 rehearsalFailed: 1 parse failparse fail: replied in the wrong format (#3)

   Its swing-book page: Bull · swing →

4. Bear

   LLM · core and swing

   4

   Reads

   The bull's claims and the same evidence.

   Decides

   Nothing: it contests the bull claim by claim and argues its own case.

   Last call

   Hold the reference. MANAGER AGREED decision #4 PAPER

   Manager agreed with it 4 of 5 times · 14 of its 30 points rejected

   8 calls · 100% usable · 7 paper · 1 rehearsal

   Its swing-book page: Bear · swing →

5. Portfolio manager

   LLM · core and swing

   5

   Reads

   The debate, the evidence and the ranges code allows.

   Decides

   Core: up to three line changes, three attempts, the most typical used. Swing: enter or pass (two of three attempts must enter) and the swing budget.

   Last call

   Hold the reference · 3/3 agree. RISK HELD SOME decision #4 PAPER

   24 calls · 100% usable · 21 paper · 3 rehearsal

   Its swing-book page: Manager · swing →

6. News analyst

   LLM

   6

   Reads

   Public RSS feeds and SEC filings.

   Decides

   Nothing: it writes evidence cards that cite their sources by id.

   Last call

   3 cards. CONTEXT decision #4 PAPER

   5 calls · 100% usable · 4 paper · 1 rehearsal

7. Macro analyst

   LLM

   7

   Reads

   Public macro data: rates, the dollar, the VIX.

   Decides

   Nothing: it describes the regime, as context only.

   Last call

   Not scheduled this run. CONTEXT decision #3 PAPER

   3 calls · 67% usable · 2 paper · 1 rehearsalFailed: 1 parse failparse fail: gave a reply that could not be read (25 Sep, 14:40 UTC)

8. Risk engine

   CODE

   8

   Reads

   Every proposal, the risk policy and the book.

   Decides

   The final word: it holds back any change that breaks a limit. Code, not a language model.

   Last call

   32/32 checks pass · held GOLD, BTC, ETH. RISK HELD SOME decision #4 PAPER

   code · 5 meetings

9. Human operator

   HUMAN

   9

   Reads

   A live proposal, in a separate operator terminal.

   Decides

   Approves or rejects every live order. Paper runs trade nothing, so they need no approval.

   Last call

   Not needed: a paper run trades nothing. NOT NEEDED decision #4 PAPER

   a person · 0 live proposals to decide

2Machinery

Code that builds the facts, audits and prices the decision, and a lone language-model control that never trades. What each did at the last meeting:

• Data steward CODETurns completed daily bars into a percentage-only fact pack.Last: 9 lines read · 151 facts
• Reference book CODESets the weight the rules alone would hold on each line.Last: 6 of 9 lines · 86% invested
• Volatility officer CODEFlags volatility shocks and trips the breaker.Last: no volatility shock
• Event officer CODEBlocks adds around scheduled macro releases.Last: no event nearby
• Auditor and bands CODEReverts uncited changes and clips each line into its range.Last: nothing reverted
• Cost desk and plan CODEPrices every order and turns the decision into a plan.Last: a live run would not need any order
• Single-agent control LLMOne agent, no debate: a comparison that never trades.Last: same as the council