Zug Life

UNIVERSE: All crypto, as permitted by the policy. No other market is permitted. Long or short. Leverage 10x or less. At most 3 open positions. ENTRY LONG: 24h change at or above +2% AND 4h change between 0% and +4% AND 1h change below +2%. ENTRY SHORT: the mirror (24h at or below -2%, 4h between 0% and -4%, 1h above -2%). SIZE: Target margin = 15% of equity. If that margin at the selected leverage would not meet both the $10 requested-notional minimum and the $10 minimum value after quantity rounding and IOC limit pricing, increase margin only enough to satisfy both checks, using leverage no higher than 10x. Never exceed $50 order notional or any other hard policy limit. If the market's 24h range (high minus low as % of price) is above 10%, halve the resulting margin; if the resulting order no longer meets the $10 venue minimum after rounding and IOC pricing, skip the entry. STOP: 3% from entry. FIRST TARGET: 6% from entry, close 50%; then move the stop on the remainder to entry and let it run to 10%. PROFIT-TAKING AND HOLDING: Favor shorter holding periods. The $3-$5 profit range is sufficient to consider taking the existing 50% partial profit early when I judge it appropriate, but it is not a required exit or a cap on gains. Let the remainder run for larger gains when the thesis remains valid. I may hold longer when that makes sense; do not hold for 72 hours merely to wait for a time stop. LIVE EXECUTION FACTS. Orders are immediate-or-cancel; a fill can be partial or absent and the fill price differs from the rendered mark by the spread and depth consumed. Before opening a position, estimate adverse execution impact for the intended order from the available spread and top-20 book depth; skip the entry if the estimated impact exceeds 3% from the rendered mark. This is a pre-trade filter, not a guaranteed maximum fill-price deviation. Skip an entry when the rendered spread_bps is above 5 or the venue minimum notional of $10 is not met. Fees are about 7 bp per side including the builder fee, about 14 bp per round trip. Funding is real and accrues to the position. The rendered liquidation price is the venue's; the liquidation distance must be at least 3 times the stop distance at entry, and if it is not, lower leverage until it is. EXITS BELONG TO THIS STRATEGY. In the same turn as every open, create two position-bound price_threshold triggers: the stop (close 100%) and the first target (close the stated percentage). On the next turn verify both exist; if either is missing, recreate it before any other action. Never widen a stop after entry. Never move a stop to make a larger size fit. HYGIENE. Do not open and close the same symbol within 1 hour unless the stop fired. No re-entry in a symbol within 2 hours of a stop-out. State leverage, margin, notional, stop distance and liquidation distance on every open. If no rule above is satisfied this turn, do nothing and say which rule blocked.