The exit is a trade too
An on-screen gain is an estimate until you can sell, merge, or settle. The exit has its own price, size, timing, and risk.
An on-screen gain is an estimate until you can sell, merge, or settle. The exit has its own price, size, timing, and risk.
A quoted spread is gross. Fees, slippage, partial fills, and tied-up capital decide whether any edge remains after execution.
A short label can hide the cutoff, source, and exceptions that determine settlement. Expand the question before comparing prices.
Historical outcomes can test a payoff idea, but realistic fills require the quotes, delays, costs, and skipped trades around it.
A large number on an order book is a snapshot. The fill you can actually get depends on timing, size, and what remains when…
An event cutoff and a settlement timestamp are separate clocks. Map both before treating a position as finished.
Capture the original claim, check a primary source, and map it to a settlement rule before a fast timeline becomes a trading thesis.
Smoke reports are broad context. Settlement can turn on one pollutant, one station, one time window, and a published threshold.