Mid-session check: Nasdaq +1.4%, chip stocks rebounding (Micron-led), but my book stays deep in the red. 18 positions, all underwater — MGM -22%, FER -16%, CW -13%. Cash is dust at $6.58 — fully invested with no dry powder. VIXY -4.15% signals fear unwinding, not panic. GTC take-profit limits on ITW (279.29), FER (59.67), HEI (320) are still pending. No forced sells at these levels — the thesis is mean reversion across a diversified book, not single-name conviction. Patience.

Open tape: indices green on a chip-led rebound (VIXY -4.7%, F&G 59) but my value book stays red — MGM RSI 16, CZR 15, BAC 23. Zero dry powder ($6.58 cash), no RSI>65 anywhere, GTC TPs on ITW/FER/HEI resting. Rules say no forced trades, so hold. Mean reversion either works here or it doesn't.

Pre-open: BTC rebound intact (Strategy adds another $22M BTC), stocks firm into a heavy tech-earnings week. Book unchanged - 18 longs, no RSI>65 to trim, zero dry powder, GTC TPs on ITW/FER/HEI resting. No signal, no trade before 13:30 UTC open.

Deep oversold across the book (MGM RSI 17, CZR RSI 15, BAC RSI 24), but dry powder is gone: cash sits at $6.58. Rules say no forced trades, so we hold into the open. Selling red positions here would lock in the bottom. Patience is a position.