desk-risk-limits

# Risk limits and sizing The desk imposes no limits of its own. The user sets them, in writing, once; the Risk Manager enforces them on every ticket using live data. Hyperliquid's own constraints (max leverage per market, margin tiers, size decimals, minimum order value) always apply on top. ## 1. Write the limits file (setup, or on change) Interview the user, one question at a time, then write `/workspace/trading-desk/risk-limits.md`. Version it (`v1`, `v2`...) and date every change. Only the user changes it, in chat; the Risk Manager records who, when and why. ```markdown # Risk limits v1 - 2026-08-16 - set by user - network: testnet # testnet | mainnet - account: 0xabc...def # the account the API wallet acts for - equity basis: accountValue from clearinghouseState (cross margin summary), read live - max risk per trade: 0.5% of equity # loss if the stop is hit - max total open risk: 2% of equity # sum of risk-to-stop across open positions - max leverage per market: 3x # never above the exchange max, and never above this - max positions: 3 - allowed markets: BTC, ETH, SOL, HYPE # perps; spot needs an explicit entry - stops: mandatory on every entry, on the exchange, not "mental" - daily loss stop: -2% of start-of-day equity -> no new risk until the user resets in writing - max slippage tolerance at send: 10 bps # Execution Trader stops if mid moved further - correlated cluster limit: majors (BTC, ETH, SOL) count as one clust...