The equity risk plan on one page

Fourth asset class, same closing shape - with the framing this module opened on: every line of this page exists because the market here supplies no teeth of its own.

The equity risk plan

• Risk per trade: fixed fraction, in money, renegotiated never - lesson 1, the only mechanism left.
• Stop: from the name's own measured range, read against the right layer - lesson 3.
• Two sizes per name: daily-stop size and gap size, with the trim-and-restore rhythm across each earnings date - lessons 2 and 5.
• Earnings policy: flat or gap-sized through results, per name, standing for the season - lesson 4; the calendar checked at entry, accidental holds counted as failures.
• Three caps, all checked at entry: per name (the halving), per sector (the cluster), total heat (the worst week) - lessons 6 and 7.
• The wrapper line: cash beyond the crossover, leverage only with the call arithmetic worked in advance - lesson 8 and module 3.
• The ownership clause, this track's own: every open position re-justified at review, because nothing else will ever ask - the self-imposed expiry ownership lacks, enforced by module 7's cadence.

What is deliberately absent

No stock views, no price targets, no conviction scale - the plan works identically whether the ideas are brilliant or wrong, which is its entire value. Three tracks have said this and it survives a fourth: risk management is the machinery that keeps the account alive long enough for the ideas to matter.

The line that makes this plan different

The other tracks wrote plans for markets that would eventually force a decision - expiries, calls, rolls. This page is written for a market that never will: hold a loser for a decade and no mechanism objects. So the equity plan's distinctive feature is the ownership clause - the re-justification of every position on a schedule - because it is the replacement for every forcing function ownership quietly removed. The freedom to hold forever was never the danger; the danger was that nothing would ever ask why. This page asks. Module 5 turns to finding positions worth the asking.