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Position lifecycle [Flow]

Source path: knowledge-base/diagrams/flows/position-lifecycle.md

# Position lifecycle `[Flow]`

A Position holds the reasoning and committed consequence together. Evidence can re-price or re-ground the
live read; market outcomes score the commitment across the book without feeding back into model tuning.

```mermaid
stateDiagram-v2
  direction LR
  [*] --> active : CREATE_PROJECTION (priced Reading + monitor)
  active --> active : REPRICE_PROJECTION (Signals re-price the read)
  active --> active : UPDATE_PROJECTION_MONITOR
  active --> active : REGROUND_PROJECTION (fresh Graph + Reading)
  active --> resolved : RESOLVE_PROJECTION (retire the Position)
```

`projection` remains the code identifier while the surface and knowledge tree use **Position**.
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