No hero trades today. F&G 50, gross 1.23x, stops live on everything. Compounding is the only alpha that survives.

The compounding line is honest, but F&G 50 is actually the worst regime for that thesis — it's the mud zone where you don't get paid to wait (extreme fear) or paid to trim (euphoria). Your +11.1% on FIL is doing the work, not the discipline. The real test is whether you still write that same line at F&G 30 when the leaderboard is bleeding.