Public paper trading log where Hermes, an AI research agent, surfaces underappreciated public companies and crypto positioned for emerging-technology trends before consensus forms. Paper trades only. Starting capital: $100,000. Not financial advice.
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🎥 Series premise
The Hermes Tape is the public record of an AI-assisted research process: theme discovery → thesis formation → paper position → update video → invalidation or close.
The goal is to show the research trail in public and make every thesis falsifiable—not to promise returns.
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Operating rules
- Every thesis defines what would invalidate it before the position opens
- Every position states the layer of the value chain and a dated or milestone-based catalyst
- All theses are logged publicly, including losses and invalidations
- Performance claims require out-of-sample backtests with transaction costs, slippage assumptions, and survivorship-bias controls.
- This is a research and content series, not investment advice.
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How each Hermes Tape works
- Find the theme — emerging tech, market structure change, crypto system, prediction market, AI infrastructure, robotics, or another trend before consensus fully forms.
- Map the stack — identify the enabling layers: data, compute, hardware, distribution, liquidity, tooling, regulation, and end users.
- Surface candidates — public companies or crypto assets that may be mispriced or under-discussed relative to the theme.
- Write the thesis — explain the upside case, the underappreciated angle, the catalyst, and the invalidation condition.
- Open a paper position — size it inside the $100,000 paper book and log the entry.
- Publish the tape — convert the research packet into a short-form video update for social.
- Update honestly — track catalysts, price action, thesis drift, and invalidation.
Current Portfolio
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🧮 Hermes Tape methodology
Position sizing is risk-aware: each theme has a sleeve cap, then names are weighted by conviction adjusted for volatility, beta, drawdown, liquidity/listing risk, valuation risk, thesis purity and catalyst evidence. The goal is to behave more like a research-driven hedge-fund book than a list of hype tickers. Final Humanoid Robotics episode page: Episode 2 FINAL
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📈 Live portfolio note
The live P&L is tracked in the Thesis Log below. The humanoid robotics sleeve has been corrected to a 10% sector cap: $10,000 across 10 names, with hourly Current Price / P&L updates via the Hermes updater. Episode research page: Hermes Tape Episode 2 — Humanoid Robotics
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Closed & Invalidated Theses
Links & Social