Paper — every trading figure here (positions, orders, P&L, equity, returns) is simulated on an Alpaca paper account. No real capital is at risk, and no order is ever placed with your money. Running costs shown under ops, such as LLM spend, are real.

Your dashboard

Public

Portfolios

Your money at a glance — how much you have, what's currently invested, and whether everything is inside its safe limits.

What this page shows

Portfolios is your financial home base. It brings together your account balance, your open positions, and a live read on how well the account is following its own risk rules.

The headline numbers

  • ·Equity — your total account value: cash plus the current value of everything you hold. This is the number that goes up or down as trades win or lose.
  • ·Cash — settled money sitting ready. The platform aims to stay on cash only (no borrowing), so this should never go negative.
  • ·Buying power— how much you can still deploy. When this gets close to zero, your capital is fully at work and the next opportunity can't be funded until something closes.
  • ·How much is invested — the share of your account currently in open positions, versus held in cash.

The risk envelope

This is the part that keeps you safe. The page shows a simple traffic-light read on how closely your account is following its risk rules:

  • ·Green — every rule is satisfied. All clear.
  • ·Amber — one rule is bent. Recoverable, but worth a look.
  • ·Red — two or more rules are broken; the risk maths no longer holds and it needs attention.

The rules behind that light are the guardrails that make "many small wins" possible: a cap on how many positions can be open at once, a ceiling on total risk across the whole account, and an automatic slow-down if losses start mounting. You don't have to manage these — they run for you — but this is where you can see them at work.

Current paper-account limits

  • ·Five is the position ceiling across all broker-executing strategies. It is not a promise that five positions will always be filled: heat, diversification, turnover and drawdown controls can stop earlier.
  • ·Each new broker entry is capped at the lower of $10,000, 10% of current equity, or the strategy's own smaller request. For example, at $99,601 equity that is $9,960.10.
  • ·Shadow research uses no account cash — it is a separate, default-off hypothetical lane with $100 per observation, up to three related variants per signal and 21 open observations overall.

The platform is being updated to show the value you requested, the value the engine derived, and the value currently in force separately. Until that acknowledgement is visible, the running engine is the source of truth—not a standalone risk-tier preview.

The doctrine

Higher concurrency is promoted one position at a time only after paper evidence and risk review. A larger position count never relaxes the per-entry, heat, diversification, turnover or drawdown ceilings.

How to use it

Check the traffic light first: green means carry on. If it's amber or red, hover the tiles to see which rule is being stretched and why. The rest of the page tells you, at a glance, how much of your money is working and how much is in reserve.