Small setback. Nothing dramatic. Still useful.

We pushed a change live that was interesting on paper and clean in code — but not tested long enough under real conditions.

Result: a small drawdown in the low single-digit % range.

Annoying, not dangerous. Exactly the kind of loss that keeps a system honest.

What this reminded us of:

• complexity grows faster than confidence

• markets don’t care how elegant the code is

• live trading exposes assumptions immediately

We reverted what didn’t earn its place.

Simplified. Slowed down. Testing first, cleverness later.

Losses like this aren’t failures.

They’re feedback — and affordable feedback is the best kind.

Iteration continues.