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Practical Understanding

Execution habits that keep the desk stable

The terminal should support these decisions, but the operator still owns them.

Checklist Priority: Control before speed View: Live Trading Terminal Operator task: Monitor and escalate
Key Takeaways What to take from this lesson
Before enabling live flow While the bot is running
Risk Frame Execution risk reminder
  • Do not promote directly from a promising backtest into full-size live flow.
  • Do not ignore terminal health because short-term PnL looks fine.
  • Do not let one bot silently consume more attention than the desk can support.
Checklist

Before enabling live flow

  • Verify symbol mapping and account context.
  • Confirm the capital budget matches the strategy's tested assumptions.
  • Check that pause, stop, and escalation actions are understood.
Checklist

While the bot is running

  • Watch status and health indicators, not just PnL.
  • Track whether the live trade pattern still resembles tested behavior.
  • Treat repeated warnings as operational data, not noise.
Checklist

Reasons to intervene

  • Execution quality changes materially from expectations.
  • Capital usage breaches the intended budget or cluster risk.
  • The strategy behaves in a regime it was never designed to handle.