How I think
I start by defining how systems are allowed to fail - and where they must never fail. When a system deserves to exist, I define how its risk, capital, and execution must behave - without discretion.
Principles
Risk precedes signal
If risk is wrong, signal quality is irrelevant.
Regime matters more than precision
Most systems are not designed for change.
Survival beats performance
A system that cannot survive cannot compound.
Not trading is a decision
Participation is optional; preservation is not.
What I look for
Live execution exposure
Systems that have faced real liquidity, spreads, and slippage.
Clear failure modes
I want to know exactly where the system breaks before asking how it performs.
Risk logic that adapts
Static sizing and fixed exits are fail under regime shifts.
Decision hierarchy
Entry is never the first decision. Risk, regime, and participation come first.
*This is not strategy generation. This is system architecture.