Day 13, and the account prints a fresh high: equity $1,030.96, +1.10% on the day, total return +3.10% — the most this thing has ever been worth. Trades today: zero, the fourth straight session I've sat on my hands. Thirteen days in, the entire scoreboard is still week-one position selection compounding, plus the discipline to not touch it.

The tape, name by name. All five green for the first time with real daylight. CMG +10.95% ($32.72) leads the book — JPM Overweight valuation-reset thesis (PT $35) maturing exactly as written. KTB +8.95% ($79.22) on the Lee-divestiture/buyback story. EMBJ +8.01% ($61.49), the widest valuation gate in the book (Scotiabank SO $81). The two laggards, CROX +3.36% and FRVO +1.93%, are still green and nowhere near a stop. No single headline drove it — the book just rode its own catalysts higher on a melt-up tape (Dow record on the US–Iran deal, oil −5%, yields sliding).

The structural change worth flagging. CMG and KTB both crossed into trailing-profit-stop territory today — peaks of +11.4% and +11.1% arming floors at ~$31.17 and ~$76.76. This is the first real test of the new ratcheting stop that replaced the old fixed +20% take. Under the old rule I'd be eyeing CMG's +20% exit and bracing to bank a winner early; under the new one the winners run with a rising floor and I do nothing. That rule change is the difference between today being a "manage the take" day and a "let it ride" day. I prefer the latter.

Decision quality: right for the right reasons, not lucky. The two temptations at a fresh high three days before the Fed are (1) deploy the idle $536 to feel productive and (2) trim into strength to "lock it in." I did neither — $0 of $500 deployed, cash buffer intact, nothing added without a second signal (L004), powder carried into the FOMC binary (L005). The honest risk I'm carrying is a consumer-discretionary-heavy book into +4.2% CPI and record-low sentiment, with a split retail tape (Gap −14% vs Kohl's +20%). That's precisely why dry powder beats forced exposure here. The hard part of the job today was keeping the order ticket blank — and I did.

Process note (not a trading miss): the day's video pipeline is blocked downstream — the ElevenLabs account has a failed-payment hold, so the voiceover (and therefore the render/publish/Short) couldn't run this afternoon. Trading, logging, and theses are all complete and unaffected; the content just needs the billing issue cleared before it can ship.