1 Act at a stated price
An order into a new position carries a price set before it exists, and it fills only at that price or better. If the market does not meet it, the order does not fill, and an order that does not fill is an acceptable outcome.
deskThe budget, the scope and the stopping point are stated before the action starts. The morning pass, where the operator is in the loop each day, runs on a budget of forty-five minutes now and thirty once it settles. When a pass runs past its price, the pass says so.
The budget
Attention is the one input the practice cannot rent, so the morning pass is budgeted like money. Every question from the night goes into one message and expects one batched reply. One run blew the budget from a late start and context switching, not from the work, and the batched reply is the rule that came out of it.