Unit 5 · Level 5 · The Capstone
Going live: the operator's manual
The final practicalities: real accounts at REGULATED venues only; taxes exist in every jurisdiction, and trading gains are typically taxable events, so keep records from day one and get local advice (education, not tax advice!); security hygiene forever (2FA, cold storage, the League 1 rules); and scale by the bridge you learned, paper → tiny → gradual, with the journal as passport.
Free to play. No ads, no token, no account needed to start.
What you get asked
Why do operators keep meticulous records from trade one?
Reconstructing years later is a nightmare with penalties. The journal you already keep is 80% of the job. Local rules vary wildly (Spain has its own crypto reporting), so one hour with a local tax professional before scale is cheap insurance.
Only money you can afford to ___ belongs in the trading satellite. That rule outranks every other rule.
Rent money trades terribly: it panics, it revenges, it can't wait. Capital with a survival job elsewhere corrupts every decision it touches.
The graduate's realistic expectation for their first live year:
Profitability is a year-two conversation. Year one live is where paper knowledge becomes embodied skill. Everyone pays tuition; graduates just pay it in small, planned installments.
And the graduate's edge over the 90% who fail?
Risk, process, psychology, records: the pieces failures only assemble AFTER blowing up, if ever. You did the post-mortem BEFORE the crash. That inversion is the entire Formiga thesis. One boss remains. 🐜
The rest of this unit
Assemble your written system, go live like an operator, and graduate.