diff --git a/deploy/profile-scripts/mofin_db.py b/deploy/profile-scripts/mofin_db.py
index 88fb8820..98318e1c 100644
--- a/deploy/profile-scripts/mofin_db.py
+++ b/deploy/profile-scripts/mofin_db.py
@@ -1635,14 +1635,24 @@ def check_strategy_outcomes(conn):
         mid = mid or price  # fallback
         
         closed = False
+        # ── 持仓成本感知（2026-07-29 老爸抓包：策略版"止盈"可能远低于真实成本，必须区分语义）──
+        _hc = conn.execute("SELECT cost, shares FROM holdings WHERE code=? AND is_active=1 AND shares>0", (code,)).fetchone()
+        _cost = float(_hc[0]) if _hc and _hc[0] else 0.0
+        _real_pnl = round((price - _cost) / _cost * 100, 1) if _cost > 0 else None
         if tp and tp > 0 and price >= tp:
             pnl_pct = round((tp - mid) / mid * 100, 1) if mid > 0 else 0
+            _reason = '止盈触发' if (_real_pnl is None or _real_pnl > 0) else '反弹减仓触发'
             conn.execute("""
                 UPDATE strategy_tracking SET status='hit_tp', closed_at=datetime('now','localtime'),
-                close_price=?, close_reason='止盈触发', theoretical_pnl=?
+                close_price=?, close_reason=?, theoretical_pnl=?
                 WHERE id=?
-            """, (price, pnl_pct, tid))
-            print(f"  [TRACK] {code} v{tid} 止盈! {price}≥{tp} +{pnl_pct}%", flush=True)
+            """, (price, _reason, pnl_pct, tid))
+            if _real_pnl is not None and _real_pnl <= 0:
+                print(f"  [TRACK] {code} v{tid} 反弹减仓位! {price}≥{tp}，成本{_cost}，浮亏{_real_pnl}%（减仓窗口，非止盈）", flush=True)
+            elif _real_pnl is not None:
+                print(f"  [TRACK] {code} v{tid} 止盈! {price}≥{tp} 实际盈利+{_real_pnl}%（成本{_cost}）", flush=True)
+            else:
+                print(f"  [TRACK] {code} v{tid} 追踪版本止盈 {price}≥{tp} +{pnl_pct}%（未持仓）", flush=True)
             closed = True
         elif sl and sl > 0 and price <= sl:
             pnl_pct = round((sl - mid) / mid * 100, 1) if mid > 0 else -5
@@ -1651,7 +1661,10 @@ def check_strategy_outcomes(conn):
                 close_price=?, close_reason='止损触发', theoretical_pnl=?
                 WHERE id=?
             """, (price, pnl_pct, tid))
-            print(f"  [TRACK] {code} v{tid} 止损! {price}≤{sl} {pnl_pct}%", flush=True)
+            if _real_pnl is not None:
+                print(f"  [TRACK] {code} v{tid} 止损! {price}≤{sl}，成本{_cost}，实际{_real_pnl}%", flush=True)
+            else:
+                print(f"  [TRACK] {code} v{tid} 止损! {price}≤{sl} {pnl_pct}%", flush=True)
             closed = True
         
         if closed: