The Trading FlyResearch notebook ↗
Archived paper capture20 September 2026 · UTC

12 rounds.
Every move.

One fixed-weight fly model. Live ETH-USD reference prices at the time of capture. Every decision kept, including the holds.

This is a completed recording with simulated funds. The experimental decoder is buy-biased and unvalidated. No forecasting skill or profitability has been established.

Starting paper balance$10,000.000000
Final marked equity$9,997.578441
Paper P&L−$2.421559

The whole run

10 buys · 2 holds · 10 paper fills

Paper equity over all 12 roundsStarts at 10,000 US dollars, remains level in round 2, and declines to 9,997.578441 by round 12. Exact values are in each round below.
Equity includes cash and marked ETH holdings after paper fills. The vertical scale is zoomed to $9,997.50–$10,000.00. Exact values are preserved below.

Open the receipts

Choose any round to inspect it.

Fills use the next accepted reference tick, adjusted for simulated impact and fees. A round’s fill belongs to an earlier decision. In round 12 the fly holds while round 11’s buy fills.

01HOLD07:58:14 UTCETH $2,576.75$0.000000cumulative paper P&LInspect round 1

Decision

Action
HOLD
Paper risk check
No action
Requested quote
None
Experimental L/R margin
0.028983
Decoder rule
L/R margin 0.029 < 0.03

The margin is a neural readout, not a confidence score or a prediction of profit.

Paper execution

No paper fill was recorded in this round.

Account mark

Equity
$10,000.000000
Cumulative P&L
$0.000000
Cash
$10,000.000000
ETH held
0 ETH
Marked holdings value
$0.000000

Original timestamps & receipt

Source trade timestamp
Decision recorded
Round finished
Source decision event
3
Source event SHA256
0ba6dc8384f502b4396ec4eef79dfba318e91a0a6547ab3690eb7a28904ce823
02BUY07:58:25 UTCETH $2,576.64$0.000000cumulative paper P&LInspect round 2

Decision

Action
BUY
Paper risk check
Approved
Requested quote
$35.656668
Experimental L/R margin
0.035657
Decoder rule
DN L/R readout buy=2.6096 sell=2.4299 margin=0.036; experimental decoder

The margin is a neural readout, not a confidence score or a prediction of profit.

Paper execution

No paper fill was recorded in this round.

Account mark

Equity
$10,000.000000
Cumulative P&L
$0.000000
Cash
$10,000.000000
ETH held
0 ETH
Marked holdings value
$0.000000

Original timestamps & receipt

Source trade timestamp
Decision recorded
Round finished
Source decision event
5
Source event SHA256
e1db3b275ea4a5b0be5065e4e14231de87fc22be2a5be9641494213bf128d54f
03BUY07:58:32 UTCETH $2,576.75−$0.142595cumulative paper P&LInspect round 3

Decision

Action
BUY
Paper risk check
Approved
Requested quote
$33.682851
Experimental L/R margin
0.033683
Decoder rule
DN L/R readout buy=2.8488 sell=2.6631 margin=0.034; experimental decoder

The margin is a neural readout, not a confidence score or a prediction of profit.

Paper execution

BUY filled from round 2. This is the prior decision’s simulated fill.

ETH received
0.01382402 ETH
Fill price
$2,579.326750
Quote spent
$35.656668
Paper fee
$0.106970
Recorded slippage
10.4273 bps
Paper fill timestamp
Fill record written

Account mark

Equity
$9,999.857405
Cumulative P&L
−$0.142595
Cash
$9,964.236362
ETH held
0.01382402 ETH
Marked holdings value
$35.621043

Original timestamps & receipt

Source trade timestamp
Decision recorded
Round finished
Source decision event
8
Source event SHA256
f0de255285aef859f3f10e31bae6b2fa7122c4044ca3b7aa9bcd71fc32d1d4b7
04BUY07:58:42 UTCETH $2,577.19−$0.271227cumulative paper P&LInspect round 4

Decision

Action
BUY
Paper risk check
Approved
Requested quote
$90.114369
Experimental L/R margin
0.090114
Decoder rule
DN L/R readout buy=2.7176 sell=2.2683 margin=0.090; experimental decoder

The margin is a neural readout, not a confidence score or a prediction of profit.

Paper execution

BUY filled from round 3. This is the prior decision’s simulated fill.

ETH received
0.01305654 ETH
Fill price
$2,579.767190
Quote spent
$33.682851
Paper fee
$0.101048
Recorded slippage
11.7093 bps
Paper fill timestamp
Fill record written

Account mark

Equity
$9,999.728773
Cumulative P&L
−$0.271227
Cash
$9,930.452463
ETH held
0.02688056 ETH
Marked holdings value
$69.276310

Original timestamps & receipt

Source trade timestamp
Decision recorded
Round finished
Source decision event
11
Source event SHA256
389696638189f38baf11c60d17756f95eb6342ff468a3bfa13c5c919c4edc1bd
05BUY07:58:52 UTCETH $2,576.79−$0.642358cumulative paper P&LInspect round 5

Decision

Action
BUY
Paper risk check
Approved
Requested quote
$61.702689
Experimental L/R margin
0.061703
Decoder rule
DN L/R readout buy=2.7253 sell=2.4085 margin=0.062; experimental decoder

The margin is a neural readout, not a confidence score or a prediction of profit.

Paper execution

BUY filled from round 4. This is the prior decision’s simulated fill.

ETH received
0.03493662 ETH
Fill price
$2,579.366790
Quote spent
$90.114369
Paper fee
$0.270343
Recorded slippage
8.4464 bps
Paper fill timestamp
Fill record written

Account mark

Equity
$9,999.357642
Cumulative P&L
−$0.642358
Cash
$9,840.067751
ETH held
0.06181718 ETH
Marked holdings value
$159.289891

Original timestamps & receipt

Source trade timestamp
Decision recorded
Round finished
Source decision event
14
Source event SHA256
67e349790072690692ef22394fd5f28cd1857f2753f7c01b611937d126e810e1
06BUY07:59:00 UTCETH $2,576.76−$0.890963cumulative paper P&LInspect round 6

Decision

Action
BUY
Paper risk check
Approved
Requested quote
$108.863970
Experimental L/R margin
0.108864
Decoder rule
DN L/R readout buy=2.6157 sell=2.1021 margin=0.109; experimental decoder

The margin is a neural readout, not a confidence score or a prediction of profit.

Paper execution

BUY filled from round 5. This is the prior decision’s simulated fill.

ETH received
0.02392192 ETH
Fill price
$2,579.336760
Quote spent
$61.702689
Paper fee
$0.185108
Recorded slippage
9.8835 bps
Paper fill timestamp
Fill record written

Account mark

Equity
$9,999.109037
Cumulative P&L
−$0.890963
Cash
$9,778.179954
ETH held
0.08573910 ETH
Marked holdings value
$220.929083

Original timestamps & receipt

Source trade timestamp
Decision recorded
Round finished
Source decision event
17
Source event SHA256
1b47b18b078154ac7aac1a850c250418d552b612889bf57d2ece8f9c7f24ac32
07BUY07:59:05 UTCETH $2,576.06−$1.386342cumulative paper P&LInspect round 7

Decision

Action
BUY
Paper risk check
Approved
Requested quote
$66.015620
Experimental L/R margin
0.066016
Decoder rule
DN L/R readout buy=2.5802 sell=2.2607 margin=0.066; experimental decoder

The margin is a neural readout, not a confidence score or a prediction of profit.

Paper execution

BUY filled from round 6. This is the prior decision’s simulated fill.

ETH received
0.04221765 ETH
Fill price
$2,578.636060
Quote spent
$108.863970
Paper fee
$0.326591
Recorded slippage
7.2807 bps
Paper fill timestamp
Fill record written

Account mark

Equity
$9,998.613658
Cumulative P&L
−$1.386342
Cash
$9,668.989393
ETH held
0.12795675 ETH
Marked holdings value
$329.624265

Original timestamps & receipt

Source trade timestamp
Decision recorded
Round finished
Source decision event
20
Source event SHA256
b85060a53d9a6e41390f60a79c4ae630e841abe47e6d3fc6fa258f63ca5cbe6b
08BUY07:59:14 UTCETH $2,576.01−$1.656737cumulative paper P&LInspect round 8

Decision

Action
BUY
Paper risk check
Approved
Requested quote
$79.776491
Experimental L/R margin
0.079776
Decoder rule
DN L/R readout buy=2.6312 sell=2.2424 margin=0.080; experimental decoder

The margin is a neural readout, not a confidence score or a prediction of profit.

Paper execution

BUY filled from round 7. This is the prior decision’s simulated fill.

ETH received
0.02560148 ETH
Fill price
$2,578.586010
Quote spent
$66.015620
Paper fee
$0.198046
Recorded slippage
9.8057 bps
Paper fill timestamp
Fill record written

Account mark

Equity
$9,998.343263
Cumulative P&L
−$1.656737
Cash
$9,602.775727
ETH held
0.15355823 ETH
Marked holdings value
$395.567536

Original timestamps & receipt

Source trade timestamp
Decision recorded
Round finished
Source decision event
23
Source event SHA256
14c7b56743daed22b3b85b4e0d809aed9d99be73967fb33c5f603cfabce07344
09BUY07:59:33 UTCETH $2,576.07−$1.966565cumulative paper P&LInspect round 9

Decision

Action
BUY
Paper risk check
Approved
Requested quote
$39.940084
Experimental L/R margin
0.039940
Decoder rule
DN L/R readout buy=2.5478 sell=2.3521 margin=0.040; experimental decoder

The margin is a neural readout, not a confidence score or a prediction of profit.

Paper execution

BUY filled from round 8. This is the prior decision’s simulated fill.

ETH received
0.03093735 ETH
Fill price
$2,578.646070
Quote spent
$79.776491
Paper fee
$0.239329
Recorded slippage
10.2332 bps
Paper fill timestamp
Fill record written

Account mark

Equity
$9,998.033435
Cumulative P&L
−$1.966565
Cash
$9,522.759907
ETH held
0.18449558 ETH
Marked holdings value
$475.273528

Original timestamps & receipt

Source trade timestamp
Decision recorded
Round finished
Source decision event
27
Source event SHA256
2a84f4c9513006b6b481c1839305b2206b2a97803010761bb8c84ced3dd0b22a
10BUY07:59:37 UTCETH $2,575.96−$2.146585cumulative paper P&LInspect round 10

Decision

Action
BUY
Paper risk check
Approved
Requested quote
$38.981976
Experimental L/R margin
0.038982
Decoder rule
DN L/R readout buy=2.4985 sell=2.3110 margin=0.039; experimental decoder

The margin is a neural readout, not a confidence score or a prediction of profit.

Paper execution

BUY filled from round 9. This is the prior decision’s simulated fill.

ETH received
0.01548944 ETH
Fill price
$2,578.535960
Quote spent
$39.940084
Paper fee
$0.119820
Recorded slippage
9.5726 bps
Paper fill timestamp
Fill record written

Account mark

Equity
$9,997.853415
Cumulative P&L
−$2.146585
Cash
$9,482.700003
ETH held
0.19998502 ETH
Marked holdings value
$515.153412

Original timestamps & receipt

Source trade timestamp
Decision recorded
Round finished
Source decision event
30
Source event SHA256
22ec5417913a88c2fb5e4ef5b15cb9b3edd9a16994101c03c91c8eb58cd4d02d
11BUY07:59:45 UTCETH $2,576.13−$2.268487cumulative paper P&LInspect round 11

Decision

Action
BUY
Paper risk check
Approved
Requested quote
$33.435193
Experimental L/R margin
0.033435
Decoder rule
DN L/R readout buy=2.6127 sell=2.4436 margin=0.033; experimental decoder

The margin is a neural readout, not a confidence score or a prediction of profit.

Paper execution

BUY filled from round 10. This is the prior decision’s simulated fill.

ETH received
0.01511687 ETH
Fill price
$2,578.706130
Quote spent
$38.981976
Paper fee
$0.116945
Recorded slippage
10.6606 bps
Paper fill timestamp
Fill record written

Account mark

Equity
$9,997.731513
Cumulative P&L
−$2.268487
Cash
$9,443.601082
ETH held
0.21510189 ETH
Marked holdings value
$554.130431

Original timestamps & receipt

Source trade timestamp
Decision recorded
Round finished
Source decision event
33
Source event SHA256
90de1e0bae475e2a3ceda7af1980d67791b68aae8cce4ff23ded7f6db0c19340
12HOLD07:59:55 UTCETH $2,576.04−$2.421559cumulative paper P&LInspect round 12

Decision

Action
HOLD
Paper risk check
No action
Requested quote
None
Experimental L/R margin
0.027824
Decoder rule
L/R margin 0.028 < 0.03

The margin is a neural readout, not a confidence score or a prediction of profit.

Paper execution

BUY filled from round 11. This is the prior decision’s simulated fill.

ETH received
0.01296633 ETH
Fill price
$2,578.616040
Quote spent
$33.435193
Paper fee
$0.100305
Recorded slippage
9.6503 bps
Paper fill timestamp
Fill record written

Account mark

Equity
$9,997.578441
Cumulative P&L
−$2.421559
Cash
$9,410.065584
ETH held
0.22806822 ETH
Marked holdings value
$587.512857

Original timestamps & receipt

Source trade timestamp
Decision recorded
Round finished
Source decision event
36
Source event SHA256
3d5f35cad4682437e847821e5ca2fc5563bb45e3c7238ffeefb568e5c176c12c

What this recording tells us

The capture pipeline completed 12 rounds on a separate CPU runtime. It retained the decisions, simulated executions and account marks. This short run is an engineering check, excluded from primary or preregistered performance results.

Still unresolved

The buy-side decoder bias. Forecasting skill. Whether biological connectivity improves results against matched controls. There are no shadow or null baselines in this capture.

What did not happen

No weight learning. No mainnet or model-bound testnet transaction. No live wallet funding or real-money P&L from this run.

Capture details and provenance
Run
remote-cpu-source-20260920-001
Capture started
Recorder finished
Market
Coinbase Exchange · ETH-USD last-trade reference prices
Model
malecns_lif v0.1.0 · 164,587 neurons · fixed weights
Total simulated fees
$1.764505
Feed interruption
One attempt skipped because no new trade was available; no synthetic tick was inserted.
Event chain
37 contiguous recorded events, independently checked from genesis
Source database SHA256
8d5e7768fe88d8ac257b9a023d04caf867464928081faddb5d9ac7c315d60830
Public data SHA256
20b36671f65d7163f4e57565299637c7ff20209a8680b628ba24baae005e09af

The downloads are a sanitized projection and source-hash receipt. They preserve the original record timestamps. They are not the full raw database or an independent third-party attestation.

Read the research status and limitations ↗