TIER II OF VI · FIXED BAND
RETAIL
Persistent negative edge — the recorded cost of activity: spreads paid, tops bought, bottoms sold.
THE CRITERIA
What this band means
HANDICAP BAND
−8 … −3
RANK MATERIAL
rusted iron
RECOMPUTED
WEEKLY
A tier is a fixed handicap band — it means the same thing at ten rated traders or ten thousand. The rank comes from broker records, risk-adjusted against blind market exposure, and dollar amounts are never shown.
