Automated trading is often romanticized as an immaculate sequence of elegant differential equations executed by emotionless machines, producing a smooth, monotonic equity curve while its creators sleep. The reality, as any practitioner who has ever engineered, deployed, and audited an execution stack knows, is far messier, considerably more violent, and…
Anatomy of a Multi-Session Futures Reconciliation: Inside 162 Trades, Algorithmic Over-Trading, and Quantitative Edge
How a 48.8% aggregate hit rate exposed the lethal friction of micro-contract over-trading, dismantled narrative macro modeling, and validated pure event-volatility harvesting on the CME order book.
