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.

Going deeper

Public

Discretionary Exit Advisor

A second opinion on your open winners — it tells you when an exit might be worth considering, and leaves the decision to you.

What it is

Every position you hold already has an automatic plan: a level to take profit and a level to cut losses, set the moment it opened. The Discretionary Exit Advisor sits on top of that. It keeps re-reading each position as it lives — and when a winner starts to look like it has run out of room, it raises a flag so you can decide whether to take the money early or let the plan run.

How it reads a position

The Advisor reviews every held PAPER position every 30 minutes during the trading day, and can also be requested on demand. How deep it looks depends on the effective threshold for that position:

  • ·Above its review threshold — the default threshold is +1%. Where a position has an exact portfolio attribution, that portfolio may supply its configured threshold. It then gets the full read: the short- and medium-term price picture, the underlying fundamentals, the latest news, and the market backdrop it's trading in (regime, macro health, business cycle, falling-knife risk, and live sentiment). The aim is to judge whether the move still has room to run, or whether a shift in conditions is starting to turn it.
  • ·At or below its threshold — the position gets a lighter deterministic check and defaults to HOLD, while the automatic plan remains in control.

Also useful for operators

The default full-read threshold is >+1%; an exact portfolio mapping may override it. Unmapped positions use the environment/default value, never another portfolio's preference. This lets a macro or company-announcement pivot be caught while there's still a winner to protect, not only once the position is well ahead. It runs on a short, repeating cycle through the session and now weighs the market backdrop alongside the position's own price action.

What it tells you

When the Advisor has formed a view, it gives you a plain lean on the position:

  • ·HOLD— the move still looks healthy; there's no reason to step in.
  • ·CONSIDER SELLING — the winner may be losing steam; taking some or all of the profit is worth thinking about.
  • ·EXIT NOW — the picture has turned; the Advisor would step out.

The doctrine

The Advisor flags, you act. It surfaces its view on the position panel and can send you an alert — but it never closes a trade for you. The actual exit stays with you (and with the automatic stop and target already protecting the position). This is deliberate: a human stays in the loop on every judgement call.

Where to see it

Open the Trades or Portfolios page and expand one of your open positions. If the Advisor has a view, the lean and its reasoning appear there. Over time, the discretion review on the Trades page tells you whether stepping in on exits is actually adding value — a measure, not a nudge.