Archive - Trading Reality — Markets in Production

Under the hood: Adverse Selection

What spreads are made of

May 19 • Tibor S

The Hand of the Maker

What “informed” and “uninformed” actually mean in practice

May 8 • Tibor S

Front-loaded Value in Trading

The surprisingly consistent shape of a good signal

May 1 • Tibor S

April 2026

Execution IS the Strategy

Why your best-looking fills should worry you the most

Apr 27 • Tibor S

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