# Quick start for judges

> Five pages, in order, for a reviewer with five minutes: what it is, the edge, the loop, how risky trades are stopped, and where to watch it live.

![image](https://zmscvxdouuytwoutqtfa.supabase.co/storage/v1/object/public/docs-media/516fcacb-6d27-4242-bbdb-940466d834d7.jpg)
If you have five minutes and do not want to navigate the sidebar yourself,
read these five pages in order. Each one links onward.

## The five-minute path

1. **[What Beleth is](/docs/what-beleth-is)** — one page. An autonomous agent
   that sells a *measured* volatility risk premium through defined-risk vertical
   spreads on an Alpaca **paper** account, and stays out when the premium is not
   there. What it deliberately does not do is on the same page.
2. **[The volatility risk premium](/docs/the-volatility-risk-premium)** — the
   edge it is trying to collect, why that edge exists, and why it is not always
   there. This is the "is the idea sound?" page.
3. **[How a cycle works](/docs/how-a-cycle-works)** — the six steps every
   decision runs through, from reading the VIX regime to submitting an order or
   writing down why it did not.
4. **[Risk checks and the kill switch](/docs/risk-checks-and-the-kill-switch)**
   — the explicit pre-trade check every order passes, and the fact that its
   rejections are logged and shown with the same weight as fills. This is the
   "is it safe?" page.
5. **[Reading the dashboard](/docs/reading-the-dashboard)** — a 30-second tour
   of the public homepage so the live numbers mean something.

## If you have longer

- **[Architecture](/docs/architecture)** — the two processes, how they
  communicate, and what happens when one goes down.
- **[Position sizing](/docs/position-sizing)** — how each trade is sized against
  equity, with a worked example.
- **[Order failures and partial fills](/docs/order-failures-and-partial-fills)**
  — what happens when an order is rejected or an account ends up unbalanced.
- **[Data sources and fallbacks](/docs/data-sources-and-fallbacks)** — where the
  VIX and the option prices come from, and the behaviour when a feed is down.
- **[Backtest and track record](/docs/backtest-and-track-record)** — why there
  is no historical backtest, and what stands in its place.

Everything a decision used is in the log. The dashboard's decision history shows
the raw model reasoning, the full risk-check detail, and every reconstructed
position — read-only for the demo admin account.