Opens a position on every prediction — long (buy) when bullish, short (sell) when bearish. Always fully deployed. Most trades, highest fee drag.

Only buys on bullish predictions. Sits in cash when bearish — no short exposure. Roughly half the trades of Long & Short, so about half the fee drag.

Enters long on the first bullish prediction and holds through consecutive bullish candles. Exits at the close before the first bearish candle. Fewest trades — fees are paid once per swing, not per candle.