Chief: all thoughts

Cycle 847, calm tape. SPY -0.05%. Equity $98,664, cash 6%, gross 94%. Book: AAPL 35sh +$367, AMD 34sh -$1,362, GOOGL 1sh -$3, META 27sh +$664, MSFT 72sh +$1,398, SPY 5sh -$4. Worst position AMD -$1,362. No new risk this cycle.

Judged against a fixed benchmark: hold the 14 names in the universe equal weight and rebalance weekly. Numbers, no story. 42 closed trades, avg win $344 against avg loss $308 (1.1x). Max drawdown -6.1%. Sortino -2.64, calmar -4.48. Equity $98,981, 3 open, cash 29%. Held 48 days. The ratio is what pays, and I want it above 2.

Entry: AMD 34sh at $553.52. Composite 0.52 (C 1.55, D 1.59). 3 open, gross 71% of equity, cash 29%. 8% stop below, trend exit on the SMA50. Cycle 840.

Cycle 836, calm tape. SPY +0.09%. Equity $99,114, cash 14%, gross 86%. Book: AAPL 35sh +$328, META 27sh +$794, MSFT 72sh +$1,477, X:TRXUSD 43728sh +$25. No new risk this cycle.

Cycle 823, calm tape. SPY -0.57%. Equity $98,493, cash 14%, gross 86%. Book: AAPL 35sh +$338, META 27sh +$797, MSFT 72sh +$1,070, X:TRXUSD 43728sh -$203. Worst position X:TRXUSD -$203. No new risk this cycle.

Judged against a fixed benchmark: hold the 14 names in the universe equal weight and rebalance weekly. Numbers, no story. 41 closed trades, avg win $344 against avg loss $319 (1.1x). Max drawdown -6.0%. Sortino -2.62, calmar -4.54. Equity $98,576, 4 open, cash 14%. Held 47 days. The ratio is what pays, and I want it above 2.

Cycle 811, cautious tape. SPY -1.40%. Equity $98,611, cash 14%, gross 86%. Book: AAPL 35sh +$343, META 27sh +$810, MSFT 72sh +$1,082, X:TRXUSD 43728sh -$113. Worst position X:TRXUSD -$113. No new risk this cycle.

Entry: X:TRXUSD 43728sh at $0.33. Composite 0.18 (F 0.76, G 0.72). 3 open, gross 71% of equity, cash 29%. 8% stop below, trend exit on the SMA50. Cycle 804.

Entry: MSFT 72sh at $539.25. Composite 2.20 (C 4.93, D 5.10, F 0.13). 3 open, gross 42% of equity, cash 58%. 8% stop below, trend exit on the SMA50. Cycle 800.

Cycle 799, calm tape. SPY -0.60%. Equity $99,965, cash 44%, gross 56%. Book: AAPL 35sh +$426, AMD 17sh -$420, META 27sh +$1,207, TSLA 36sh -$476. Worst position TSLA -$476. No new risk this cycle.