What exactly is Praxis?
Praxis is a 2-month, application-reviewed training bootcamp. It teaches a framework for reading SPX/SPY 0DTE market structure — dealer positioning, gamma exposure, and the levels that come with them — that we designed ourselves, along with a set of playbooks built on it. It is education and training, not a signal service, and not advice.
Is this only for SPX and SPY?
We train on SPX and SPY, and the Training Ground, the playbooks, and the replay are built on those two products. But what you learn are fundamentals — how dealer positioning, gamma, and option-implied levels work — and those concepts apply to any optionable stock or ETF. The bootcamp teaches you the ideas and how to apply them yourself. The specific playbooks and levels in the Training Ground are built and tracked on SPX and SPY, and we do not claim they work, or are calibrated, on any other ticker: liquidity, expiries, and hedging behavior differ from one underlying to the next. Nothing here is a promise of any result.
What does the bootcamp include?
Three things, for the full 2 months: (1) the Training Ground, our web app, where the playbooks are coded onto live and historical charts with markers, guidance, and a replay scrubber; (2) complimentary real-time access to AXIOM, our live dashboard, for SPX and SPY, so you can watch the same structure as it happens; and (3) a closed Discord where enrolled members can ask questions about the framework and the tools.
Is this trading advice?
No. We do not tell you what to buy or sell, when to enter or exit, or how large a position to take, and we do not post calls or trade ideas. A displayed level, wall, zone, expected move, marker, or other analytic shown in the Training Ground, the AXIOM dashboard, or Discord is a teaching reference point, not a recommendation or trading signal. What you do with what you learn is your own decision.
Can I ask what to do with my own position?
No. We can explain what the framework is measuring and how that condition is defined in the training material, but we cannot tell you whether to hold, exit, add, reduce, or otherwise manage a position, and we do not provide individualized entries, exits, targets, stops, sizing, or trade recommendations. Please do not post brokerage, P&L, or position screenshots in the community. Questions about how to read the framework are welcome.
Does the operator trade these structures?
MNA Research personnel may independently trade or hold securities, options, derivatives, or other instruments that are also discussed, illustrated, or displayed in Praxis. That personal trading is separate from the Program, is not a recommendation to anyone, and should not be read as proof that any displayed condition reflects a position or produces a profit.
How much does it cost?
The first batch is $7,500, one payment, for the full 2-month bootcamp. Later batches are expected to be priced higher, starting at $10,000, and pricing may change. Exact terms are confirmed if you are accepted. Enrollment is limited, and the first batch is deliberately small.
Who can apply?
Anyone who is at least 18. Every application is reviewed individually.
What do I need to take part?
A desktop or laptop browser (the charts are built for a full-size screen), a Discord account for the community, and the email address you applied with. You do not need to connect a brokerage account, and Praxis never places trades for you.
What personal information do you collect?
Only what you give us in the application or interest form, what is needed to run your account, and payment status from Stripe. The Privacy Policy lists everything and names the providers we use.
Why is enrollment by application instead of a normal checkout?
Every application is reviewed individually before enrollment is accepted — enrollment is intentionally limited. Submitting an application does not guarantee a seat, and we may decline any application at our discretion.
How long does the bootcamp last, and what happens after?
The bootcamp runs for a fixed 2-month term starting from your confirmed enrollment date. Every part of it — the Training Ground, the AXIOM access, and Discord — ends automatically when the term ends. Nothing continues or rebills automatically. Participants who complete the full 2 months may be offered, at our discretion, two separate options: (1) a continuation subscription (currently $750 per month) that keeps Training Ground access going month to month, and (2) Phase 2, described below. Both are for graduates only, neither is something you can sign up for directly, and neither is sold on this page.
What is Phase 2?
Phase 2 is an optional, separately priced add-on offered to graduates ($2,500, one payment). It is a set of written guides and walkthroughs on how to set up, code, and test your own models, and how to source your own data, so you can keep developing your understanding on your own. It is delivered as documentation in a dedicated Discord channel that stays open for 4 weeks after your access begins; the documents are yours to keep, and after the channel closes you can email us to request a copy. It does not include individual coaching, trade review, or personal assistance, and it does not promise that anything you build will work or be profitable. Phase 2 is optional and is not required to complete the bootcamp. All sales are final.
If you need more time with the framework, contact us before your access ends. We may, at our discretion, extend Training Ground access by up to one month at no additional charge. Extensions aren't guaranteed and don't change the tuition or final-sale terms. AXIOM access is not extended.
Do you guarantee I'll make money?
No. We do not guarantee any specific trading result, profit level, or income from participating in the Program. Any results, screenshots, or examples referenced during the Program describe past instances only and are not representative of typical outcomes. Your own results depend on factors outside our control, including market conditions, your own decisions, execution, capital, and risk management.
What is the Training Ground?
It is our web app for learning the framework. The playbooks are coded onto the charts — gamma exposure by strike, key levels, and market-structure markers — with guidance on how to read them, and a built-in scrubber and replay tool that lets you rewind any past session, strike by strike, exactly as it happened.
What is AXIOM?
AXIOM is our real-time dashboard, a separate MNA Research product. Enrolled participants receive complimentary access for the 2-month term, covering both SPX and SPY, so they can watch live the same structure they train on in the Training Ground. It is provided as part of the training, not as a signal feed.
Can I record, screenshot, or share the material?
No. Everything in the Program — the Training Ground and its charts and replays, the AXIOM access provided through the Program, live sessions, and Discord content — is for your individual use only. Your account is individually identified: your member ID and email address appear as a watermark on the charts and pages. Any recording, capturing, sharing, or publication of Program content is grounds for immediate removal from the Program and termination of all access, without refund. See Section 8 of the Terms of Service.
Can I cancel or get a refund?
All sales are final. Enrollment is a one-time payment for a fixed 2-month term, not a recurring subscription, and it is non-refundable once payment is processed — regardless of whether you complete, partially use, or do not use the Program — except where required by applicable law. See the Terms of Service for the controlling terms.
Where does the data come from?
Options-chain inputs are derived from OPRA options data obtained through a licensed commercial market-data vendor, together with licensed index values where applicable. MNA Research independently computes the gamma exposure, dealer-positioning levels, and related market-structure outputs displayed in the Training Ground and AXIOM. These are MNA Research's own calculations and are not calculations, recommendations, or endorsements of any exchange, index provider, or upstream data vendor.
Market data and calculated outputs may be delayed, stale, incomplete, frozen, revised, or unavailable even when automated validation checks are used. You should not use the Service as your sole source for market prices, quotes, execution information, or risk management.
Can I share my access, screenshots, or Discord content?
Not unless we expressly permit it. Enrollment is for one individual. Sharing credentials, redistributing Program content, republishing dashboard outputs, or commercially exploiting anything from the Program is prohibited by the Terms of Service and can result in removal from the Program without refund.
Does "live" or "real-time" mean zero delay?
No. References to "live," "real-time," or "current" describe the intended operating mode of a feature. They do not guarantee zero latency, uninterrupted connectivity, or freedom from delayed, stale, frozen, missing, revised, or erroneous information.
Is 0DTE trading risky?
Yes. 0DTE options can change value extremely quickly because there is almost no time remaining to expiration. Time decay can be severe, gamma can change rapidly, and liquidity or spreads can change quickly. A position can lose most or all of its value in a short period. Certain options strategies can create losses greater than the amount initially invested.
Financial and Market Risk Disclaimer
MNA Research LLC is not registered as an investment adviser or broker-dealer. Praxis is an educational training bootcamp that teaches a market-structure framework; it does not post calls or trade ideas. Nothing published through the website, the Training Ground, the AXIOM dashboard, the Discord community, email, or support communications is personalized investment advice, a solicitation, or a recommendation or signal to buy, sell, hold, enter, exit, or size any security, option, strategy, or financial position.
Market-structure labels such as walls, flips, zones, targets, expected moves, support, resistance, dealer positioning, gamma, or similar terms are analytical descriptions or reference points. They do not predict or guarantee future price behavior and do not mean that price will reach, hold, reverse at, or react to a displayed value.
Options-chain inputs are derived from OPRA options data obtained through a licensed commercial market-data vendor; index values are obtained through licensed feeds where applicable. MNA Research independently computes the derived analytics displayed in the Service; they are not calculations, recommendations, or endorsements of any upstream exchange, index provider, or market-data vendor.
Market data and derived analytics may be delayed, stale, incomplete, inaccurate, unavailable, frozen, revised, or affected by third-party outages or calculation errors. Independently verify information that is material to a trading decision.
Trading securities and options involves substantial risk of loss and is not suitable for every person. 0DTE options involve amplified time-decay and gamma risk and can lose most or all of their value within minutes. Past examples, screenshots, historical level interactions, and case studies do not predict future results and may not be representative of other sessions. MNA Research does not guarantee any specific trading result, profit, or income from participating in Praxis.
You are solely responsible for your trading and investment decisions, execution, position sizing, and risk controls. Consider your own circumstances and, where appropriate, consult a properly licensed financial, legal, or tax professional.
Still have questions?
Email [email protected].