What Is Risk in a Skill?

Short answer: Risk tokens are the skill’s invalidation and damage-control rules: max drawdown, stop style, margin of safety, time stops. They answer “what proves this wrong?” — the part trading bots usually omit.

Typical tokens

• maxDrawdown

• stopLoss — none / trailing / hard / time-based

• marginOfSafety — value skills buy below a documented discount

A Buffett skill may have no price stop and a 30% margin of safety. A Minervini skill cuts fast at the pivot. Both are valid inside their schema. Mixing them without saying so is how agents blow up.

Harness hooks should treat these as deterministic where possible — not suggestions.

Related: Sizing · Filters · invest.md

Nothing here is financial advice.