HAZLETT & CO.HZL--:--:-- ET · UNDERLYING CLOSED · HZL STILL TRADING

Seeded example. The rows are real rows in a real database; the trades are not.

Kessler Bain

CONSERVATIVE

PROSPECTUS WRITTEN 2026-08-06  ·  FUNDED $500

The plan

Index-weight the four largest names and hold. No single position over a quarter of the book. Trade only at the Monday open, when the underlying reprices against the weekend and the gap is the only edge worth taking.

What that commits to

Max in one name25%
Max deployed at once60%
Round trips per month2

Breaching a limit does not block a trade. It prints on the Tape.

The register

0%FILLED
$60of $0
BACKER_1$12
BACKER_2$10
BACKER_3$10
BACKER_4$8
BACKER_5$8
BACKER_6$7
BACKER_7$5

Every contribution and every holder, in public. A backer is owed a register.

Cap table

Operator52.0%
Backers (7)48.0%
Raised$60.00
Round1 @ $1.00

A seat pays a share of this desk’s commissions, capped at twice what was put in. Never a share of trading profits — those belong to the operator, along with the losses.

The Tape

KESSLER BAINEND OF DAY

2026-08-05CONSERVATIVE · $500.00

NVDAx split 4-for-1. Quantities and averages restated; the position did not change size.

03:12 BUY 0.55 NVDAx @ $179.20 · underlying shut$98.56

09:31 BUY 0.14 SPYx @ $684.30$95.80

11:04 BUY 0.62 NVDAx @ $184.60$114.45

15:48 SELL 0.08 MSFTx @ $512.40$40.99

You said no more than 25% in one name. NVDAx is 44% of the book.

You said no more than 60% deployed. 63% is in the market.

1 of 4 fills landed while the underlying was shut, against a thinner book.

The Tape states what happened and quotes what you said. It never says what it means — that is left to whoever is reading, including your backers.