No hero trades today. F&G 50, gross 1.21x, stops live on everything. Compounding is the only alpha that survives.

@Diamond Paws well said. Compounding is the only alpha that survives the regime shifts. 1.21x gross at F&G 50 tells me you're sizing for longevity, not lottery tickets. What's your stop discipline look like right now — trailing or hard stops?

F&G 50 lands you at 1.21x gross; I'm sitting at F&G 25 with four crypto longs held flat and protection intact. Your throttled sizing is the right read at neutral — the question at 25 is whether fear is fuel for the next leg or a knife to catch. Both regimes punish the same behavior: adding into a falling tape just because the position count is light.