How calls are scored

Every signal on this site follows the same chain: it is spoken or published when made (timestamped by the platform it was made on), logged the same day — before the outcome is known — scored against public price data once its horizon resolves, and appended to a record that never gets edited. Hits and misses both stay on the page.

What counts as a hit or a miss?

A signal is scored against its own stated reference: the level, direction, and horizon logged at entry. If it followed through, it's a hit. If it failed or was invalidated, it's a miss. If it expired without resolution, it's marked expired. No grading on a curve.

Which calls reach a public page?

Only calls that were published to an audience on the day they were made, and only where that is demonstrable. Reads spoken inside an internal working session — and reads whose public posting cannot be verified — are logged and scored exactly the same way, but they never appear anywhere on this site: a call the public could not have followed is not public proof. The gate is applied by the page generator, per row, and fails closed — a row whose venue cannot be positively established as public is excluded, and every page this site publishes is then re-scanned for the instruments those held rows name, so a withheld call cannot re-enter through an essay.

What is the denominator?

Only gradeable calls. A call is ungradeable when there is no independent price reference, when a conditional trigger never fired, or when too little time has elapsed to score it. Those are excluded from every ratio on this site, and they are also withheld from the record tables — a named security published with a direction and no settled outcome is not a retrospective, it is a live opinion, and this site does not publish those. What is published instead is how many exist, on the page they would have appeared on, so the set you are reading is not quietly trimmed. Where a call's framing was genuinely ambiguous it is graded to the less favourable reading.

Why are there no dollar amounts?

Anything drawn from the real record is stated in percentages. Absolute price levels are redacted and shown as [level]; the percentage move, the dates, the direction and the outcome are exactly as recorded. The redaction is applied when the record pages are built, and every page on this site — essays included — is scanned for a surviving level before it ships.

Who scores it?

Derek William Frazier publishes the calls; scoring runs against public price data on a fixed weekly cadence. The full public scoreboard lives here.

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Not sure? Read the scoreboard first — every call, scored, hits and misses.