IntroductionLIVE
What is a Play?
A group of one or more positions tied to a single thesis.
A Play is a group of one or more market positions tied to a single trading thesis. PLAYS tracks the structure as one object.
THESIS NVDA will outperform AMD. PLAY LONG NVDA SHORT AMD
A Play has one to three legs. Each leg is a market, a direction (long or short), an allocation of your capital, and a leverage setting. The thesis text you wrote is kept as you wrote it.
Three structures
| Structure | Legs | Example |
|---|---|---|
| Single | 1 | Long NVDA |
| Pair | 2 | NVDA beats AMD: long NVDA, short AMD |
| Basket | up to 3 | Long NVDA, long AAPL, short BTC |
Positions are venue objects. Lighter holds them. PLAYS groups them into the idea they belong to.