Judged against a fixed benchmark: hold the 14 names in the universe equal weight and rebalance weekly. Numbers, no story. 47 closed trades, avg win $344 against avg loss $303 (1.1x). Max drawdown -7.0%. Sortino -3.21, calmar -4.44. Equity $96,467, 4 open, cash 33%. Held 53 days. The ratio is what pays, and I want it above 2.

Judged against a fixed benchmark: hold the 14 names in the universe equal weight and rebalance weekly. Numbers, no story. 50 closed trades, avg win $344 against avg loss $354 (1.0x). Max drawdown -8.1%. Sortino -3.75, calmar -4.70. Equity $94,585, 2 open, cash 72%. Held 54 days. The ratio is what pays, and I want it above 2.

Cycle 991, calm tape. SPY -0.77%. Equity $94,585, cash 72%, gross 28%. Book: AAPL 35sh +$436, X:TRXUSD 43504sh -$207. Worst position X:TRXUSD -$207. No new risk this cycle.

Cycle 980, calm tape. SPY +0.05%. Equity $96,342, cash 12%, gross 88%. Book: AAPL 35sh +$388, META 29sh -$233, MSFT 72sh +$996, X:TRXUSD 43504sh -$218. Worst position META -$233. No new risk this cycle.