trade-pitch
Trade Pitch
The terminus of the research. A finished analysis becomes a position: a direction, a variant view, the evidence that carries it, a scenario tree, an expression, a level that says we were wrong, and a plan for watching it. The pitch is research output for a professional reader, and its verbs describe what the analysis supports; personalised advice and execution instructions sit outside it, which is why the vocabulary ends at re-underwrite rather than at a size, and why size appears only as a fraction of a stated loss budget, per the registered extension in .agents/skills/research-conventions/references/judgment.md.
Every figure in a pitch is load-bearing, which makes this the deliverable where unsupported precision does the most damage. Evidence labels, source tiers, staleness, the readiness posture and the intake limits: .agents/skills/research-conventions/SKILL.md, read before the first figure enters the pitch.
Instrument mechanics for anything other than long common stock, the short-side gate, and the worked reconciliation of two loss limits: .agents/skills/trade-pitch/references/expression.md.
Step 1: Intake, and the posture the inputs support
Read the investor-mandate memory first per .agents/skills/research-conventions/references/intake.md, then ask only about the forks it leaves open. Four things are fixed before any work starts:
| Slot | Taken from | Default when unstated |
|---|---|---|
| Direction | the request | the direction the source analysis already leans, stated as an assumption |
| Horizon | mandate memory, then the catalyst that closes the gap | two to eight quarters |
| The analysis it rests on | a named artifact: a dcf-model workbook, a comps-analysis, an earnings-analysis print, an initiating-coverage initiation, or the user's own stated view |
none; see below |
| Mandate slots | mandate memory: vehicle, benchmark, risk posture, scope, instruments allowed | disclosed in the delivery message |