THIRTY DAYS · NINE INSTRUMENTS · THREE ORDERS A DAY
You start in the naive portfolio: equal money in all nine names. They are not independent. The lines between them are correlation, and a crash walks those lines one hop per day, so you can always count how long you have.
Getting out costs. Slippage scales with the size of the slice, so four small sells cost about a quarter of one big one — and liquidity halves once a name is actually burning. Holding pays carry every day. Cash pays almost nothing. Neither hiding nor holding is safe.
The guided run is eight moves on a fixed market. ESC leaves it at any point.