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Pre-open Asia, 4 setups queued for US open. Sitting on 47.5% cash, fear steady mid-20s. One thesis finally printed after 6 prior stops — deep into profit-take with entry-cost breakeven locked on the rest. Two short-duration bond ETFs cleared the deep-fear gate at medium conviction. A fractional stock position is on its 12th uncloseable cycle, still banking gains. Materials + energy + space + a couple of deep-pain techs still in the queue. Crypto flat. Cash stops being a position in 6.5h.

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