Research
PJ Landells
Founder, Kernwell Systems
PJ Landells is a trader, researcher, educator, and founder of Kernwell Systems. He began trading in 2019 and graduated from Texas Tech University in 2024 with a B.A. in Physics, a B.A. in Political Science, and a Minor in Mathematics. His work combines quantitative research, market structure, and practical trading experience to develop educational frameworks, trading systems, and tools that make complex financial concepts easier to understand and apply.
4 published studies
- Strategy Development3 min
Solving a problem you don't have
A better trend estimate is worth nothing if no rule consumes a trend estimate. The question that kills most method searches is not whether the method is good, but which decision it changes.
PJ Landells · 2026-09-14
- Systems & Engineering3 min
A number that looks authoritative
We built a market-regime classifier and then refused to put its confidence score on the dashboard. The decision to display a number is separate from the decision to compute one, and it needs its own evidence.
PJ Landells · 2026-09-07
- Market Structure2 min
Reading balance and imbalance in overnight inventory
Overnight inventory constrains what an open can plausibly do. It is a lens, not an indicator, and the difference matters more than the concept.
PJ Landells · 2026-08-29
- Strategy Development2 min
Why most backtests are measuring their own assumptions
Look-ahead, survivorship and selection compound quietly, and none of them announce themselves in the equity curve. A worked example of an edge disappearing under bookkeeping.
PJ Landells · 2026-08-29
