The tracker
Freeze a read, grade it later — and let the chips tell you what changed.
Tracking a name, a pair or an expression
Hit the green ＋ Track button on any Hedge Ideas card, on the Hedge idea row of a symbol ticket, or on the compare chart (＋ Track pair — including pairs you assemble yourself), or Track expression on a Relative ticket, and the trade is frozen exactly as it stood — legs, sizing, entry day. The chart remembers too: a dashed tracked marker appears on the True strength chart at your entry day for tracked names — and from that day to today the chart's background wears a verdict: green when the call is paying, red when it's losing, amber when it's sideways within a point or two, thesis-signed so a short that fell reads green. If the tested exit has fired on a bullish call (Alpha closed back under 60), a red dashed tested exit · α<60 marker shows the exact day it happened; and the spread lane wraps a tracked pair's holding in a green band from entry, brighter through the tested days 10–21 (bracketed >…<) — all of it staying only as long as the tracking does. Click the marker to jump straight to that trade in the tracker below — and it works both ways: tracker tickers are links back up to the chart, with pairs loading both legs and the spread lane. Track the same name more than once and the chart marks only your latest entry (a +1 notes the earlier ones), the tracker groups them together newest-first, and the ticket lists every tracking that involves the name — directional dates, hedge pairs on either side, expressions it anchors or hedges — each as its own link to the tracker row. (Expressions don't mark the chart — their hedge legs aren't drawn on it.) That freezing is the point: the live cards keep evolving as conditions change, but your trade doesn't, so the tracker measures what you'd actually be holding, not today's reshuffled idea.
Reading a tracked row
Each tracked row then reads its own health against the tested findings: the spread since entry at your frozen sizing, which day of the measured 10–21 payoff window you're in, the current Widening / Flattening / Narrowing state — with a tested exit flag when a three-day Narrowing run appears — and the Alpha gap then and now (Δ59 → 50), colored by one question only: is the thesis still ahead of you? When the gap is mostly spent, a chip says so in words and names your quadrant — gap converged — unpaid (edge gone for nothing), gap converged — paid (story ended your way; what remains is luck), or gap inverted when the ranking has outright flipped. Chips obey a strict hierarchy — one verdict speaks (tested exit, spread shock, or a gap verdict) and the plain trend chip yields — so a green chip never argues with an amber one on the same row — and an amber review note when the entry conditions have changed (leader faded, laggard recovering — for pairs you assembled yourself, the review instead measures how far each leg has drifted from where you entered it). An earnings flag appears when either leg reports inside the window — the one calendar risk a spread can't diversify away — and when a report lands today or tomorrow, the whole tracker row turns amber with the legs and dates named: the one deadline a position can't wait out. A spread shock flag fires when the spread breaks hard against its own trend in a single outsized day: in testing, moves that size behaved like news rather than noise — smaller counter-trend jerks faded and the trend resumed, but past a point the trend can no longer be presumed alive. Review promptly; the three-day Narrowing run remains the tested exit. Review means look; the Narrowing run makes the call. Directional outlooks carry the same idea: a thesis weakened or thesis flipped flag when today's read no longer supports the call you snapshotted — and for bullish calls, the tested exit itself: Alpha under 60 — tested exit, which ranks the row into the Act tier exactly like a pair's Narrowing run. ◆ on a card or a hedge leg marks true peers — legs that genuinely co-move once the market is removed.
Two colors, two directions of time
Two colors, two directions of time. The Δ's color looks forward — is there still a thesis ahead of you? Green: the legs still rank far apart, the reason for the trade is intact. Amber: the gap has partly closed — winding down. Red: the legs now rank about the same — the story is over. The spread's color looks backward — did the trade pay? — and always keeps its own sign coloring. They never blend, which is the point: a red Δ beside a green spread reads "over, and it paid"; red beside red reads "the reason is gone and holding is hope." All six combinations, at a glance:
Δ45 → 48 · spread −1.1% — the thesis got stronger while price lags. The tested "give it two weeks" case; patience is backed here.
Δ51 → 28 · spread +6.8% — half the gap converged and you captured it as profit. Convergence is how a spread pays. Fine to hold, wrong to add.
Δ48 → 26 · spread −0.4% — half the gap dissolved through score decay, none of it paid you. Not exit-worthy alone — but watch this row skeptically.
Δ56 → 9 · spread +8.5% — the story ended and you were paid for it. No pair left, just a position; anything more is luck, not thesis.
Δ43 → 8 · spread −11.9% — the ranking collapsed and it never paid. The P&L says "wait to get back to even"; the red Δ says there's nothing left to wait for.
The scoreboard on top
The scoreboard on top. With three or more trackings the tracker opens with its own composite strip: winners vs losers with the hit rate, the average and the median result (read them together — a single big winner can carry the average; the median can't be fooled), and the best and worst positions by name, each a click from its chart. The numbers are equal-weighted across your open trackings, each measured from its own entry at frozen sizing — a health snapshot of what you're holding now, not a portfolio return, and removing a tracking removes it from the math.
Sorted by tested severity
The tracker sorts itself by tested severity. When any tracked position trips a signal that earned its rank in testing, the list reorganizes into sections: Act — the three-day Narrowing exit has fired, or a directional thesis now reads the opposite way; Review — a hard deadline or structural change (earnings today or tomorrow, an outsized spread break, hedge drift into a real lean, a position past the tested payoff window, or a pair whose Alpha gap has mostly converged — or inverted — without paying: the red-Δ-beside-red-spread quadrant from the examples above); and Holding steady — everything with no tested signal against it. Ordering inside Review follows the same logic: deadlines first. When nothing is urgent there are no sections at all — a quiet tracker stays a plain list, because a warning tier that's always occupied teaches you to ignore it. A sort control offers other orders too — Winners and Losers (pairs and expressions by their move since entry, directional outlooks by thesis-signed Alpha change), Newest, Oldest, and A–Z — and in every mode, repeat trackings of the same thing stay grouped together, ranked by their best-qualified member.
Your tracker follows you
Signed in, your tracker follows you: the list syncs to your account, so a pair tracked at the desk is waiting on your phone, and removing a tracking on one device removes it everywhere. Anything you track while signed out lives on that device and joins your account the next time you sign in there. One safety net: an account that's been emptied — say, a misclicked Delete all trackings — heals itself, because any signed-in device still holding your list restores it in full on its next visit. Deliberate deletions of individual trackings still propagate normally.