Prompt and Order: Why LLM Trading Needs a Factory, Not a Fortune Teller
Orders are where trading systems stop sounding intelligent and start spending money. A model can narrate the market beautifully. It can explain momentum, liquidity, volatility regimes, inventory pressure, and the great moral tragedy of being early. None of that matters if the final system places the wrong limit order, sizes too aggressively, fills only in a fantasy simulator, or wins a backtest because it tried enough variants to accidentally find one that looked divine. ...