Bottom line. Control trader is clean on all three v1 biases. Coach correctly returns a no-material-flags memo instead of inventing interventions.
Disposition: clear Overconfidence: clear Anchoring: clear
Diagnosis
No material behavioral-risk flags are present on this scorecard. Annualized turnover ≈ 2.42 (Moderate), Sharpe ≈ 0.24, underwater day share 28.15%, sell-below-cost rate 23.33%. The manager is not exhibiting a pattern of excess turnover, cost-basis anchoring, or sell-below-cost reluctance relative to the supplied risk baseline. Decisions appear consistent with a disciplined risk-policy framework on the current pack.
Intervention
No mandatory risk-policy intervention is required based on the supplied scorecard. The portfolio is operating within acceptable behavioral-risk boundaries. Continue monitoring the PGR/PLR gap, turnover vs Sharpe, and underwater share / sell-below-cost rate on the next review pack. No change to the risk policy toolkit is indicated at this time.
Scorecard metrics cited
| Metric | Value | Read |
|---|---|---|
| PGR | 0.0267 | Below disposition floor |
| PLR | 0.0029 | Some losses realized |
| Disposition ratio | 9.11 | Not flagged under v1 rules |
| Turnover (ann.) | 2.42 · Moderate | Below excess-churn threshold |
| Sharpe (ann.) | 0.24 | Performance context only |
| Underwater day share | 28.15% | Below anchoring threshold pair |
| Sell-below-cost rate | 23.33% | Willing to exit below cost |
| Total return | 1.98% | Clean control path |
Design rule Coach may only narrate fields on the scorecard. Bias existence is decided by the deterministic evaluator, not the LLM.