Wires·
Standing by — next sweep in ~5 min.
Markets
Dow+0.14%Russell 2000+0.51%Nasdaq+0.05%S&P 500+0.07%VXX+0.00%IEF+0.19%GLD-0.04%SLV-1.17%USO+0.02%UUP+0.07%Dow+0.14%Russell 2000+0.51%Nasdaq+0.05%S&P 500+0.07%VXX+0.00%IEF+0.19%GLD-0.04%SLV-1.17%USO+0.02%UUP+0.07%
No. I · Vol. I
Thursday, August 13, 2026

The Ledger

A paper-trading practice in the tradition of weekly Sunday charts.

21 trading methodologies, one shared view of the market — each filtering the same evidence through its own rules.

The Ledger is an experiment in disciplined investing. Each automated trader manages its own $100,000 paper portfolio, and they all watch the same market — the same prices, news, earnings, and economic data. What sets them apart is how they decide what to do with it.

Some follow strict rules that never change; others revise their approach week by week. A few wait for sharp sell-offs to buy the dip, one profits only when prices fall, and another simply rotates between gold and silver and ignores the headlines. No real money is ever at stake — it's a place to watch very different strategies run side by side and see which ways of thinking hold up over time. Every decision is written down in the journal.

CUMULATIVE PORTFOLIO GAIN · 2026-05-12 → 2026-08-13 (live)−$11K+$3K+$17K+$31KBreak-even · $0−$8KMay 12May 22Jun 3Aug 13

Actual through May 14 and at today's endpoint; May 15–June 12 is a market-shaped reconstruction across a data-correction period (a price-feed error corrupted the daily values), anchored to the last clean day and today's exact total.

Performance
Capital

Daily Digest

One-paragraph trader's read, sent after each US market close. Free.

Welcome to the practice ledger. This is a paper-trading exercise inspired by hand-drawn semi-log charts updated on Sunday afternoons — a methodology applied here with modern automation. 21agents trade against $100,000 paper portfolios each (one runs on $1,000 as a deliberate small-capital control): a Weinstein-style trend follower with frozen rules and its adaptive sibling that proposes weekly rule changes; a bearish mirror that only shorts Stage 4 breakdowns; a gold/silver ratio rotator that ignores news entirely; three S&P 500 dip buyers that wait for sharp drawdowns before asking Claude whether a rebound is likely — one with a frozen prompt, one whose prompt evolves, one that also sees how its peers are performing; an options-momentum trader that buys calls and puts on multi-day pressure; an intraday day trader that flattens every position by 3:45 PM ET; a mechanical hedge that rotates into inverse and volatility ETFs when broader markets weaken; and two small-cap pre-market scanners that open at the bell and are flat by 3:45 PM ET — one full-size, one at 1/100th capital. Same evidence, 21 different ways of acting on it. The journal records everything.

No real money. No broker connection. The architecture makes it impossible by design.

The Agents

Click an agent to see its rationale
Connecting…
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Agent 1 — Immutable

daily · nasdaqBULL+BEAR
$95,954
-$4,046 (-4.05%)since inception
Where the money went
Start
$100,000
Losses
$6,897
Open
+$2,851
Now
$95,954

Open = unrealized gain/loss on 7 positions still held. The Bank ($1,378) is already part of Now.

Win rate
0.0%
Avg win+$0
Avg loss$1,379
0%
Playing with own capital
This agent isn't above its starting capital — all risk is on the original stake, not house money.
Cash
$1,296
Positions
7 open
$93,279
Bank?
$1,378
auto-skimmed · in Now
Closed trades
5
0W / 5L

Bank = cash set aside automatically whenever this agent's total value (cash + positions) sits above its $100,000 start — even spare change left over from a buy. It's already counted in Now above, parked where trading can't touch it. It isn't profit.

This month
-$818
Today
-$91
Realized P&L
-$6,897
Last run 2d ago
Next run: Tonight ~5pm CT

Agent 2 — Adaptive

daily · nasdaqBULL+BEAR
$98,813
-$1,187 (-1.19%)since inception
Where the money went
Start
$100,000
Wins
+$7,910
Losses
$10,386
Open
+$1,289
Now
$98,813

Open = unrealized gain/loss on 7 positions still held. The Bank ($7,430) is already part of Now.

Win rate
28.0%
Avg win+$1,130
Avg loss$577
Avg win is 2.0× avg loss — wins cover losses
0%
Playing with own capital
This agent isn't above its starting capital — all risk is on the original stake, not house money.
Cash
$20,330
Positions
7 open
$71,053
Bank?
$7,430
auto-skimmed · in Now
Closed trades
25
7W / 18L

Bank = cash set aside automatically whenever this agent's total value (cash + positions) sits above its $100,000 start — even spare change left over from a buy. It's already counted in Now above, parked where trading can't touch it. It isn't profit.

This month
-$903
Today
+$332
Realized P&L
-$2,476
Last run 2d ago
Next run: Tonight ~5pm CT

Agent 3 — Gold/Silver Ratio

daily · metalsROTATION
Currently holding
23oz gold
via GLD · 230 shares · $92,662
Gold/Silver ratio
68.5
In hold band (65–75)
Cash
$297

P/L not tracked — metals are a long-term hold scored on the gold/silver ratio, not dollar gain/loss. Excluded from fleet totals.

Last run 3d ago
Next run: Tonight ~5pm CT

Agent 4 — Dip Buyer (Frozen)

daily · sp500BULL
$102,866
+$2,866 (+2.87%)since inception
Where the money went
Start
$100,000
Wins
+$12,285
Losses
$8,275
Open
$1,144
Now
$102,866

Open = unrealized gain/loss on 90 positions still held. The Bank ($11,588) is already part of Now.

Win rate
50.3%
Avg win+$171
Avg loss$117
Avg win is 1.5× avg loss — wins cover losses
3%
Playing with house money
3% of current value is profit above the $100,000 start — that cushion is house money.
Cash
$18
Positions
90 open
$91,260
Bank
$11,588
auto-skimmed · in Now
Closed trades
143
72W / 71L

Bank = cash set aside automatically whenever this agent's total value (cash + positions) sits above its $100,000 start — even spare change left over from a buy. It's already counted in Now above, parked where trading can't touch it. It isn't profit.

This month
+$719
Today
-$58
Realized P&L
+$4,010
Last run 3d ago
Next run: Tonight ~5pm CT

Agent 5 — Dip Buyer (Evolving)

daily · sp500BULL
$113,062
+$13,062 (+13.06%)since inception
Where the money went
Start
$100,000
Wins
+$12,434
Losses
$7,293
Open
+$7,920
Now
$113,062

Open = unrealized gain/loss on 73 positions still held. The Bank ($13,227) is already part of Now.

Win rate
74.6%
Avg win+$81
Avg loss$140
⚠ Avg loss is 1.7× avg win — wins don't cover losses
12%
Playing with house money
12% of current value is profit above the $100,000 start — that cushion is house money.
Cash
$19,337
Positions
73 open
$80,498
Bank
$13,227
auto-skimmed · in Now
Closed trades
205
153W / 52L

Bank = cash set aside automatically whenever this agent's total value (cash + positions) sits above its $100,000 start — even spare change left over from a buy. It's already counted in Now above, parked where trading can't touch it. It isn't profit.

This month
+$2,826
Today
+$532
Realized P&L
+$5,422
Last run 2d ago
Next run: Tonight ~5pm CT

Agent 7 — Day Trader

intraday · sp500BULL+BEAR
$99,347
-$653 (-0.65%)since inception
Where the money went
Start
$100,000
Wins
+$14,871
Losses
$14,880
Open
$645
Now
$99,347

Open = unrealized gain/loss on 7 positions still held. The Bank ($1,264) is already part of Now.

Win rate
46.9%
Avg win+$35
Avg loss$31
Avg win is 1.1× avg loss — wins cover losses
0%
Playing with own capital
This agent isn't above its starting capital — all risk is on the original stake, not house money.
Cash
$78,005
Positions
7 open
$20,077
Bank?
$1,264
auto-skimmed · in Now
Closed trades
910
427W / 483L

Bank = cash set aside automatically whenever this agent's total value (cash + positions) sits above its $100,000 start — even spare change left over from a buy. It's already counted in Now above, parked where trading can't touch it. It isn't profit.

This month
-$21
Today
-$68
Realized P&L
+$114
Last evaluated IBM +0.02% SKIPPED · 2d ago
Runs every 15 min during market hours

Agent 8 — Dip Buyer (Peer-Aware)

daily · sp500BULL
$114,921
+$14,921 (+14.92%)since inception
Where the money went
Start
$100,000
Wins
+$13,241
Losses
$7,018
Open
+$8,697
Now
$114,921

Open = unrealized gain/loss on 65 positions still held. The Bank ($14,320) is already part of Now.

Win rate
65.2%
Avg win+$109
Avg loss$108
Avg win is 1.0× avg loss — wins cover losses
13%
Playing with house money
13% of current value is profit above the $100,000 start — that cushion is house money.
Cash
$20,133
Positions
65 open
$80,468
Bank
$14,320
auto-skimmed · in Now
Closed trades
187
122W / 65L

Bank = cash set aside automatically whenever this agent's total value (cash + positions) sits above its $100,000 start — even spare change left over from a buy. It's already counted in Now above, parked where trading can't touch it. It isn't profit.

This month
+$4,592
Today
+$598
Realized P&L
+$6,440
Last run 2d ago
Next run: Tonight ~5pm CT

Agent 9 — Bear Equity

daily · nasdaqBEAR
$96,062
-$3,938 (-3.94%)since inception
Where the money went
Start
$100,000
Wins
+$4,074
Losses
$10,879
Open
+$2,866
Now
$96,062

Open = unrealized gain/loss on 6 positions still held. The Bank ($6,477) is already part of Now.

Win rate
25.0%
Avg win+$1,019
Avg loss$907
Avg win is 1.1× avg loss — wins cover losses
0%
Playing with own capital
This agent isn't above its starting capital — all risk is on the original stake, not house money.
Cash
$27,101
Positions
6 open
$62,483
Bank?
$6,477
auto-skimmed · in Now
Closed trades
16
4W / 12L

Bank = cash set aside automatically whenever this agent's total value (cash + positions) sits above its $100,000 start — even spare change left over from a buy. It's already counted in Now above, parked where trading can't touch it. It isn't profit.

This month
+$18
Today
+$718
Realized P&L
-$6,805
Last run 2d ago
Next run: Tonight ~5pm CT

Agent 10 — Inverse Rotator

daily · hedgeBEAR
$83,499
-$16,501 (-16.50%)since inception
Where the money went
Start
$100,000
Wins
+$10,953
Losses
$37,226
Open
+$9,772
Now
$83,499

The Bank ($14) is already part of the Now bar above.

Win rate
23.8%
Avg win+$438
Avg loss$465
⚠ Avg loss is 1.1× avg win — wins don't cover losses
0%
Playing with own capital
This agent isn't above its starting capital — all risk is on the original stake, not house money.
Cash
$83,484
Positions
0 open
Bank?
$14
auto-skimmed · in Now
Closed trades
105
25W / 80L

Bank = cash set aside automatically whenever this agent's total value (cash + positions) sits above its $100,000 start — even spare change left over from a buy. It's already counted in Now above, parked where trading can't touch it. It isn't profit.

This month
$0
Today
$0
Realized P&L
-$16,501
Last run 2d ago
Next run: Tonight ~5pm CT

Agent 11 — Morning Movers

intraday · morning moversBULL
$97,828
-$2,172 (-2.17%)since inception
Where the money went
Start
$100,000
Wins
+$29,009
Losses
$31,870
Open
+$689
Now
$97,828

Open = unrealized gain/loss on 2 positions still held. The Bank ($4,617) is already part of Now.

Win rate
48.7%
Avg win+$518
Avg loss$540
⚠ Avg loss is 1.0× avg win — wins don't cover losses
0%
Playing with own capital
This agent isn't above its starting capital — all risk is on the original stake, not house money.
Cash
$52,801
Positions
2 open
$40,410
Bank?
$4,617
auto-skimmed · in Now
Closed trades
115
56W / 59L

Bank = cash set aside automatically whenever this agent's total value (cash + positions) sits above its $100,000 start — even spare change left over from a buy. It's already counted in Now above, parked where trading can't touch it. It isn't profit.

This month
-$236
Today
+$689
Realized P&L
-$2,861
Last run 2d ago
Runs every 15 min during market hours

Agent 12 — Pre-Market Scalp

intraday · morning moversBULL
$1,601
+$601 (+60.09%)since inception
Where the money went
Start
$1,000
Wins
+$973
Losses
$502
Open
+$130
Now
$1,601

The Bank ($601) is already part of the Now bar above.

Win rate
60.9%
Avg win+$23
Avg loss$19
Avg win is 1.2× avg loss — wins cover losses
38%
Playing with house money
38% of current value is profit above the $1,000 start — that cushion is house money.
Cash
$1,000
Positions
0 open
Bank
$601
auto-skimmed · in Now
Closed trades
69
42W / 27L

Bank = cash set aside automatically whenever this agent's total value (cash + positions) sits above its $1,000 start — even spare change left over from a buy. It's already counted in Now above, parked where trading can't touch it. It isn't profit.

This month
+$88
Today
$0
Realized P&L
+$601
Last run 2d ago
Runs every 15 min during market hours

Agent 13 — Tech/Healthcare Long

daily · sector etfBULL
$87,231
-$12,769 (-12.77%)since inception
Where the money went
Start
$100,000
Wins
+$40
Losses
$23,428
Open
+$10,619
Now
$87,231

Open = unrealized gain/loss on 2 positions still held. The Bank ($200) is already part of Now.

Win rate
15.4%
Avg win+$20
Avg loss$2,130
⚠ Avg loss is 106.8× avg win — wins don't cover losses
0%
Playing with own capital
This agent isn't above its starting capital — all risk is on the original stake, not house money.
Cash
$57,639
Positions
2 open
$29,392
Bank?
$200
auto-skimmed · in Now
Closed trades
13
2W / 11L

Bank = cash set aside automatically whenever this agent's total value (cash + positions) sits above its $100,000 start — even spare change left over from a buy. It's already counted in Now above, parked where trading can't touch it. It isn't profit.

This month
-$30
Today
+$157
Realized P&L
-$12,739
Last run 3d ago
Next run: Tonight ~5pm CT

Agent 14 — Inverse Tech (PSQ)

daily · sector etfBEAR
$101,264
+$1,264 (+1.26%)since inception
Where the money went
Start
$100,000
Wins
+$2,819
Losses
$1,555
Now
$101,264

The Bank ($2,124) is already part of the Now bar above.

Win rate
50.0%
Avg win+$705
Avg loss$389
Avg win is 1.8× avg loss — wins cover losses
1%
Playing with house money
1% of current value is profit above the $100,000 start — that cushion is house money.
Cash
$99,140
Positions
0 open
Bank
$2,124
auto-skimmed · in Now
Closed trades
8
4W / 4L

Bank = cash set aside automatically whenever this agent's total value (cash + positions) sits above its $100,000 start — even spare change left over from a buy. It's already counted in Now above, parked where trading can't touch it. It isn't profit.

This month
$0
Today
$0
Realized P&L
+$1,264
Last run 2d ago
Next run: Tonight ~5pm CT

Agent 15 — Dual Momentum

daily · asset rotationROTATION
$100,167
+$167 (+0.17%)since inception
Where the money went
Start
$100,000
Losses
$3,372
Open
+$3,539
Now
$100,167

Open = unrealized gain/loss on 1 position still held. The Bank ($31) is already part of Now.

Win rate
0.0%
Avg win+$0
Avg loss$3,372
0%
Playing with house money
0% of current value is profit above the $100,000 start — that cushion is house money.
Cash
$0
Positions
1 open
$100,136
Bank
$31
auto-skimmed · in Now
Closed trades
1
0W / 1L

Bank = cash set aside automatically whenever this agent's total value (cash + positions) sits above its $100,000 start — even spare change left over from a buy. It's already counted in Now above, parked where trading can't touch it. It isn't profit.

This month
+$2,763
Today
+$446
Realized P&L
-$3,372
Last run 3d ago
Next run: Tonight ~5pm CT

Agent 16 — Faber GTAA

daily · asset rotationROTATION
$103,859
+$3,859 (+3.86%)since inception
Where the money went
Start
$100,000
Wins
+$4,908
Losses
$3,621
Open
+$2,571
Now
$103,859

Open = unrealized gain/loss on 3 positions still held. The Bank ($857) is already part of Now.

Win rate
50.0%
Avg win+$982
Avg loss$724
Avg win is 1.4× avg loss — wins cover losses
4%
Playing with house money
4% of current value is profit above the $100,000 start — that cushion is house money.
Cash
$0
Positions
3 open
$103,002
Bank
$857
auto-skimmed · in Now
Closed trades
10
5W / 5L

Bank = cash set aside automatically whenever this agent's total value (cash + positions) sits above its $100,000 start — even spare change left over from a buy. It's already counted in Now above, parked where trading can't touch it. It isn't profit.

This month
+$2,476
Today
+$49
Realized P&L
+$1,288
Last run 3d ago
Next run: Tonight ~5pm CT

Agent 17 — 52-Week High Momentum

daily · sp500BULL
$101,587
+$1,587 (+1.59%)since inception
Where the money went
Start
$100,000
Wins
+$5,791
Losses
$4,595
Open
+$391
Now
$101,587

Open = unrealized gain/loss on 20 positions still held. The Bank ($1,972) is already part of Now.

Win rate
65.5%
Avg win+$161
Avg loss$242
⚠ Avg loss is 1.5× avg win — wins don't cover losses
2%
Playing with house money
2% of current value is profit above the $100,000 start — that cushion is house money.
Cash
$2,104
Positions
20 open
$97,511
Bank
$1,972
auto-skimmed · in Now
Closed trades
55
36W / 19L

Bank = cash set aside automatically whenever this agent's total value (cash + positions) sits above its $100,000 start — even spare change left over from a buy. It's already counted in Now above, parked where trading can't touch it. It isn't profit.

This month
+$626
Today
+$174
Realized P&L
+$1,196
Last run 3d ago
Next run: Tonight ~5pm CT

Agent 18 — Low Volatility

daily · sp500BULL
$97,440
-$2,560 (-2.56%)since inception
Where the money went
Start
$100,000
Wins
+$4,332
Losses
$4,144
Open
$2,749
Now
$97,440

Open = unrealized gain/loss on 20 positions still held. The Bank ($4,195) is already part of Now.

Win rate
40.7%
Avg win+$197
Avg loss$129
Avg win is 1.5× avg loss — wins cover losses
0%
Playing with own capital
This agent isn't above its starting capital — all risk is on the original stake, not house money.
Cash
$1,402
Positions
20 open
$91,843
Bank?
$4,195
auto-skimmed · in Now
Closed trades
54
22W / 32L

Bank = cash set aside automatically whenever this agent's total value (cash + positions) sits above its $100,000 start — even spare change left over from a buy. It's already counted in Now above, parked where trading can't touch it. It isn't profit.

This month
-$3,048
Today
-$257
Realized P&L
+$188
Last run 3d ago
Next run: Tonight ~5pm CT

Agent 19 — Pairs Trading

daily · sp500BULL+BEAR
$97,709
-$2,291 (-2.29%)since inception
Where the money went
Start
$100,000
Wins
+$9,359
Losses
$16,252
Open
+$4,602
Now
$97,709

Open = unrealized gain/loss on 3 positions still held. The Bank ($211) is already part of Now.

Win rate
40.8%
Avg win+$53
Avg loss$64
⚠ Avg loss is 1.2× avg win — wins don't cover losses
0%
Playing with own capital
This agent isn't above its starting capital — all risk is on the original stake, not house money.
Cash
$25,274
Positions
3 open
$72,223
Bank?
$211
auto-skimmed · in Now
Closed trades
429
175W / 254L

Bank = cash set aside automatically whenever this agent's total value (cash + positions) sits above its $100,000 start — even spare change left over from a buy. It's already counted in Now above, parked where trading can't touch it. It isn't profit.

This month
+$203
Today
+$193
Realized P&L
+$209
Last run 2d ago
Next run: Tonight ~5pm CT

Agent 20 — SIR Price/Volume

daily · sp500BULL
$100,267
+$267 (+0.27%)since inception
Where the money went
Start
$100,000
Wins
+$2,022
Losses
$5,681
Open
+$3,925
Now
$100,267

Open = unrealized gain/loss on 46 positions still held. The Bank ($793) is already part of Now.

Win rate
14.3%
Avg win+$337
Avg loss$158
Avg win is 2.1× avg loss — wins cover losses
0%
Playing with house money
0% of current value is profit above the $100,000 start — that cushion is house money.
Cash
$20,396
Positions
46 open
$79,078
Bank
$793
auto-skimmed · in Now
Closed trades
42
6W / 36L

Bank = cash set aside automatically whenever this agent's total value (cash + positions) sits above its $100,000 start — even spare change left over from a buy. It's already counted in Now above, parked where trading can't touch it. It isn't profit.

This month
+$1,741
Today
+$308
Realized P&L
-$3,659
Last run 3d ago
Next run: Tonight ~5pm CT

Agent 21 — Insider Cluster

daily · sp500BULL
$100,000
$0 (0.00%)since inception
Where the money went
Start
$100,000
Now
$100,000
0%
Playing with own capital
This agent isn't above its starting capital — all risk is on the original stake, not house money.
Cash
$100,000
Positions
0 open
Bank
$0
Closed trades
none yet
This month
$0
Today
$0
Realized P&L
$0
Last run 3d ago
Next run: Tonight ~5pm CT

Agent 22 — Intraday Bear

intraday · sp500BEAR
$99,757
-$243 (-0.24%)since inception
Where the money went
Start
$100,000
Wins
+$585
Losses
$828
Now
$99,757

The Bank ($43) is already part of the Now bar above.

Win rate
58.3%
Avg win+$42
Avg loss$83
⚠ Avg loss is 2.0× avg win — wins don't cover losses
0%
Playing with own capital
This agent isn't above its starting capital — all risk is on the original stake, not house money.
Cash
$99,713
Positions
0 open
Bank?
$43
auto-skimmed · in Now
Closed trades
24
14W / 10L

Bank = cash set aside automatically whenever this agent's total value (cash + positions) sits above its $100,000 start — even spare change left over from a buy. It's already counted in Now above, parked where trading can't touch it. It isn't profit.

This month
-$0
Today
-$0
Realized P&L
-$243
Last run 2d ago
Runs every 15 min during market hours

World News

Connecting…
  1. ●●●○○companyAug 11, 9:29 AM

    Nasdaq to acquire LeveL Markets; terms undisclosed.

    Tickers:CBOE
    Sectors: Financials
  2. ●●●○○companyAug 11, 9:00 AM

    Nasdaq acquires LeveL Markets to expand off-exchange equity execution capabilities.

    Sectors: Financials
  3. ●●●●○geopoliticalAug 11, 8:43 AM

    US fires on Panama-flagged vessel attempting to breach Iranian port blockade.

    Sectors: Energy
  4. ●●●○○companyAug 11, 8:38 AM

    SpaceX acquisition could facilitate Tesla shareholder approval of Musk's pay package.

    Tickers:TSLA
    Sectors: Aerospace & Defense, Consumer Discretionary
  5. ●●●○○geopoliticalAug 11, 7:32 AM

    Houthi attack kills three crew on Red Sea cargo ship, escalating maritime security risks.

    Sectors: Industrials, Financials
  6. ●●●○○geopoliticalAug 11, 6:30 AM

    Container ship incident reported in Gulf of Oman involving military forces.

    Sectors: Industrials, Energy, Financials
  7. ●●●○○geopoliticalAug 11, 6:27 AM

    US-Iran tensions push oil prices higher, dampening broad market futures.

    Sectors: Energy, Financials
  8. ●●●○○companyAug 11, 6:19 AM

    H&R REIT to be acquired in C$6.7 billion deal, marking major consolidation.

    Sectors: Real Estate

Operations

Click an agent to see its full run history

21 unhealthy · 8 disabledConductor: 1 critical · 287 warning

Heartbeat dots show the last 10 runs per agent — green = acted, amber = skipped with signals, gray = no-op, red = error, hollow = missing. Stall thresholds: daily agents 25h (warning) / 36h (stalled); intraday 80h / 100h (covers normal weekends + long holiday weekends). Intraday agents shown as off-hours when the US equity market is closed.

Navigate to Activity for a full decision log, Blotter for open positions, Journal for closed trades, Watchlist for names being followed, and Signals for anomaly and macro events.