process
Process Over Outcomes
Bottom line
Grade good bet / bad bet by price and process, not by the scoreboard. Results are lagged, noisy feedback.
Key points
- A winning bad bet is still a bad bet.
- A losing good bet is still a good bet.
- Review rules: fair, threshold, information tier, execution price.
The grading frame
Ask: Did we make our number first? Did information justify the reprice? Did the price clear threshold at the number we actually got? Did we size sanely?
If yes — keep the process even when the game goes against you. If no — fix the leak even when you cashed.
Why this protects the desk
Outcome-chasing rewrites rules after every Sunday. Process grading keeps the house rules stable so sample size can do its job.
What to do with this on KosEdge
- Audit entries with CLV and open/close — not just wins and losses. CLV Tracker →
- Use weekly desk notes as process context, not as a pick sheet. This Week →