Monitoring live strategies and holdings

When to use this guide

Use this guide once you have:

• At least one strategy with one or more revisions.
• One or more confirmed trading accounts assigned to strategies.

By the end, you will:

• Understand how to read strategy status.
• Know where to see which accounts each strategy uses.
• Be able to interpret holdings and positions across your portfolio.

Key concepts

• A strategy has a high‑level status (running, baking, stopped, stopping, liquidating).
• Trading accounts are the concrete venue accounts your strategies trade through.
• Position snapshots (internal) track detailed balances and positions over time.
• Holdings (user view) aggregate the latest snapshots into a portfolio‑style table.

Step 1: View your strategies overview

Navigate to the Strategies section. For each strategy you will typically see:

• Name and description.
• Current status:
  • running – the chosen revision is live and may be placing orders.
  • baking – Structure is building and preparing the revision; not live yet.
  • stopped – idle, no trading.
  • stopping – in the process of shutting down.
  • liquidating – in an emergency mode attempting to close positions due to poor account health.
• Latest revision and, if different, the currently running revision.
• Linked trading accounts (by display name and venue).

Use this list to answer:

• “Which strategies are currently live?”
• “Which revision is running?”
• “Which accounts does each strategy control?”

Step 2: Drill into a single strategy

Click into a strategy to see its detail page, which may include:

• High‑level metadata:
  • Name, description, tags.
  • Owner (your user account).
• Revisions:
  • A table of all revisions with:
    • Version name.
    • Status (stopped, baking, running, etc.).
    • Creation time and description.
• Accounts:
  • Which trading accounts are assigned.
  • Each account’s venue, type, and confirmation status.
• Recent activity (where available):
  • Recent orders or trades.
  • Status transitions and errors.

From here you can:

• Confirm that the expected accounts are attached.
• Verify that the intended revision is running.
• Decide whether to stop the strategy or start a different revision.

Step 3: Understand holdings and positions

Structure continually ingests position and balance updates from each confirmed trading account. Internally, it keeps:

• A detailed history of snapshots.
• A latest snapshot per account for fast reads.

The Holdings view surfaces this in trader‑friendly form.

On the holdings page you’ll typically see, for each line:

• Venue – for example, Drift, a CEX, or a specific blockchain.
• Venue account – which trading account this position or balance belongs to.
• Asset or instrument:
  • For spot, a token such as SOL or USDC.
  • For derivatives, an instrument such as SOL‑PERP.
• Quantity – the size of the holding, normalized using the correct decimals.
• Optional fields such as:
  • Mark‑to‑market value.
  • Unrealized P&L.
  • Margin metrics (maintenance, initial).

Conceptually, holdings are your portfolio view:

• “How much of each asset do I own, and where?”
• “Which strategies and accounts contribute to this exposure?”

Step 4: Filter and slice your portfolio

To understand risk and exposure, you will often want to slice holdings by:

• Strategy – show only holdings associated with a given strategy’s accounts.
• Venue – see all accounts and positions on a specific exchange or chain.
• Trading account – inspect an individual venue account in detail.

Typical workflows:

• Filter by strategy to see the net effect of that strategy across its accounts.
• Filter by venue to understand how you are allocated across exchanges or protocols.
• Drill down to a single trading account when investigating specific trades or issues.

Step 5: Interpret changes over time

While holdings show the current snapshot, you can pair them with:

• Strategy‑level activity (trades and orders).
• Time‑series views of P&L and exposure (where available).

This helps you answer questions like:

• “Why did my net SOL exposure change in the last hour?”
• “Which strategy is responsible for this new futures position?”
• “Is a particular venue or account driving most of my risk?”

For deeper investigation:

• Use strategy detail pages to see which revisions were running at a given time.
• Cross‑reference with backtest results to understand whether live behavior matches expectations.

Step 6: Respond to alerts and health signals

If Structure or your venues surface health warnings (for example, low margin or high leverage), you can:

• Identify which strategy and trading account are affected.
• Consider:
  • Stopping or reducing exposure for the relevant strategy.
  • Manually adjusting positions at the venue.
  • Adding collateral or reducing leverage.

The liquidating status on a revision typically means:

• The system is actively trying to close positions to protect capital.
• You should investigate immediately:
  • Check holdings and positions for the affected accounts.
  • Review recent trades and strategy behavior.

Next steps

• To see how to simulate changes before going live, continue to Backtesting strategies.
• To adjust how strategies are wired to accounts, revisit Connecting trading accounts.