Why a ledger
Observed structure is entered before the position exists, including the level that would prove the view wrong.
That entry is what a reader returns to later, when the position moves against them.
Who writes the entries, what is recorded, and what the desk will not claim.
Observed structure is entered before the position exists, including the level that would prove the view wrong.
That entry is what a reader returns to later, when the position moves against them.
No guaranteed returns, no invented track record, no pressure to deposit. A number without a source stays out of the ledger.
Analysts and support staff sign their entries; names arrive with the onboarding documents.