How First Light is made — and how the record is kept honest.

The daily process

Each morning during the Asian session I work through the overnight tape in the same order: an overnight wrap (what moved and why — equities, rates, the dollar, gold, crypto), the day’s calendar (the catalysts that can move things, in your timezone), then a short list of specific trade ideas with entry, stop and target levels, and finally a risk radar flagging what could go wrong. One briefing, sent every trading morning.

The risk budget

Ideas are sized against a fixed, transparent framework so the numbers mean something:

Book	A simulated paper account, $10,000 notional, launched 6 May 2026.
Risk per idea	~1% of the book. Position size = risk ÷ stop distance.
Fill convention	Zone midpoint on touch — the same rule for every idea, no hindsight fills.
Order lifetime	Good-till-cancelled, auto-expiring at 06:59 AEST daily if not triggered.
Taking profit	Scale 50% at the first target, move the stop on the rest to break-even, let the runner work toward the second target.

The track-record convention

This is the part most services skip. Every idea I post is logged and marked to market — win or lose. Nothing is dropped for looking bad; nothing is added after the fact. The result is a profit factor, a win rate, an average winner and loser, and a maximum drawdown that describe the whole book, not a curated slice of it. You can read the live numbers on the track record page and every closed trade behind them.

The fact-check

Markets commentary is easy to get subtly wrong — a level, a yield, a prior-day range. Before each briefing goes out, its factual claims are checked against the source data, so the numbers you read are the numbers that happened.

What it is not

First Light is general market commentary and information only — not personal financial advice, and not a promise of any outcome. The track record is simulated, and simulated results have inherent limitations. Past performance is not a reliable indicator of future results. Read the full disclaimer.