Freshness gate
Market Truth or another required observation is too old or unavailable.
Not trading can be
the highest-quality decision.
WAIT means the current evidence or operating contract is not ready to promote. It is not a placeholder for missing logic and it does not automatically become READY just because price moves.
EIGHT COMMON GATESProtect the decision
Protect the decision
from urgency and hindsight.
These are conceptual classes, not a promise that every product uses identical thresholds. Current contracts and release state remain authoritative.
Incomplete contract
Required entry, stop, target, timeframe or activation information is missing or not reliable enough.
Anti-chase
Price has already moved too far from the valid entry context or remaining reward no longer justifies the setup.
Evidence conflict
Important sources disagree or a contradiction has not been resolved by Veeval’s independent analysis.
Timing not ready
A setup may be structurally interesting but its trigger, session condition or confirmation has not occurred.
Risk / expectancy
Geometry, spread, volatility, remaining reward-to-risk or bounded risk policy does not meet the applicable threshold.
Product / account gate
The intelligence state may exist while a product, entitlement, account, device or policy path is not eligible to act.
Release / authority gate
A capability may be implemented but not commissioned for delivery or execution. Authority stays off until separately verified.
Context is interesting enough to monitor.
A required gate is not ready or no longer attractive.
Only if the applicable evidence and governance contract genuinely aligns.
The opportunity expires, invalidates or is no longer worth chasing.
A late entry can destroy the original trade geometry.
When price moves away from the valid entry context, Veeval can prefer MISSED or NO_TRADE over converting an old idea into a worse new trade.
Missing numbers are not permission to invent them.
If entry, stop or targets cannot be established with sufficient evidence, the setup remains incomplete rather than being cosmetically filled in.
NO PROMISE OF FUTURE READY
WAIT is evaluated from new evidence—not from optimism.
A WAIT state can remain WAIT, become READY, expire as MISSED, invalidate as NO_TRADE or be cancelled. The correct next state depends on fresh evidence and the applicable governance contract.
START AT THE SOURCE
Market Truth →