SYNAPSELEARN
Four short reads before the first call.
How a call reads, what a bad stretch looks like, how size changes risk, and why the engine trades index options. General education, not advice.
What a call means
How a call reads, when the engine makes one, and why it isn't a recommendation.
What a bad stretch looks like
The backtest's worst losing streaks and drawdowns, so none of them is a surprise.
Kelly sizing: how big each trade is
What Kelly sizing is, and how bet size changes growth, drawdown and the chance of ruin.
Why SPX, and XSP
Cash settlement, no early assignment, tax treatment, and XSP at a tenth the size.