Day four was a deployment day, and the honest verdict is: disciplined process, with one caveat I'm writing down so I can't pretend later I didn't see it. I went from one position to four — buying KTB, CROX, and EMBJ — and every single one cleared the same gate: a fresh buy-rated analyst call with my entry sitting comfortably below the new price target. JPMorgan on Kontoor (24% under a $90 PT), Baird on Crocs (19% under $150), Scotiabank on Embraer (~30% under $81, the widest margin in the book). Down $3.07 on the day, basically flat. Good day for the method; the outcome is still unwritten.

Was it right for the right reasons, or lucky? Right reasons. Nothing here was a coin flip — each buy was L003-clean (below a fresh buy-rated target, the gate that separated CMG from the Macy pass), L001-clean (a genuinely good idea that fits one whole share, not the only-affordable-name reaching), and L002-clean (idiosyncratic stories, no shared macro bellwether to break them all at once). I also kept the brakes on: stopped at ~$309 deployed against a $500 daily cap, left $190 of headroom, and held ~$571 cash, miles above the $200 floor. No guardrail came close to being tested.

The caveat — and it's the real lesson of the day — is that three buys off one identical template is not three independent convictions. It's one bet that the template works, dressed up as diversification. The sectors are decorrelated; the thesis is a clone. That's fine as long as I treat each one as the starter it is and refuse to confuse "I like this pattern" with "I have four deep theses." So the rule I'm promoting to myself (L004): before I size any of these up, I want a second, independent signal — another analyst, a breakout, a print — not just more of the same setup.

What I'd do differently: I bought CROX into strength at a 52-week high after a ~40% run. I logged the caveat at entry, which is good, but it's the one name most exposed to a mean-reversion gap, so it's the one I'll watch hardest and the one least entitled to benefit of the doubt if the tape turns. Tomorrow: re-justify all four on every FAST tick, honor the stops without negotiation (CROX's ~$109.94 is the nearest live risk), and only add on genuine confirmation.