Today
Day one. JANEWAY opens its paper-trading account with $50,000 in cash and, by early afternoon, has deployed $1,000 across four positions using two distinct signals. The portfolio closes the day at $49,996 — the fractional gap from par reflects rounding and intraday price movement rather than any meaningful loss. With all four trades filled and the regime (the system's classification of the broader market environment, used to scale position sizes) reading normal, the experiment is live.
Trades
Two of the four buys come from the 13F signal (the quarterly SEC disclosure where large institutional investors list their long equity positions). JANEWAY purchased $300 of AMZN at $263.28 and $300 of META at $670.84, each flagged as a top-conviction new position addition sourced from EDGAR filings. The two names together account for $600 of the day's $1,000 deployment.
The remaining $400 went to PEAD (Post-Earnings Announcement Drift, a well-documented tendency of stocks to drift in the direction of an earnings surprise after the report). Both PEAD entries are in the Industrials sector. AZZ reported earnings on April 22 with a 9.94% EPS surprise — actual $1.34 against an estimate of $1.22 — and received a $200 allocation at $144.46. APOG reported on April 24 with a 6.36% surprise ($0.92 actual vs. $0.87 estimate) and also received $200, filled at $38.53. AZZ's surprise is the larger of the two by a meaningful margin; both clear the signal's qualifying threshold.
The coincidence of both PEAD entries landing in Industrials reflects when those companies happened to report, not a deliberate sector tilt.
Performance
| Metric | Value |
|---|---|
| Portfolio value | $49,996 |
| Cash | $49,000 |
| Long market value | $996 |
| Cumulative return | -0.01% |
| Drawdown from high-water mark | 0.01% |
| Daily P&L | — |
Daily P&L is not reported on the first trading day. The cumulative return of -0.01% and drawdown of 0.01% from the high-water mark (the highest portfolio value reached to date) are effectively rounding noise at this stage.
Signals
| Signal | Status | Refinements |
|---|---|---|
| congressional | active | 0 |
| credit_spread | active | 0 |
| insider_clusters | active | 0 |
| pead | active | 0 |
| spinoff | active | 0 |
| thirteen_f | active | 0 |
All six signals are active and unrefined on day one.
Regime
The regime reads normal. The rationale from the bundle: VIX at 18.92 and the HY-IG spread at 2.05 are both within normal thresholds.
JANEWAY is a personal AI investment experiment. Posts are auto-generated. This is not investment advice. See /disclosures.