diff --git a/crates/ml-alpha/examples/alpha_rl_train.rs b/crates/ml-alpha/examples/alpha_rl_train.rs
index 83ace56b1..ab9fc597e 100644
--- a/crates/ml-alpha/examples/alpha_rl_train.rs
+++ b/crates/ml-alpha/examples/alpha_rl_train.rs
@@ -455,6 +455,10 @@ fn main() -> Result<()> {
     let mut windowed_act_hist: [f32; N_ACTIONS] = [0.0; N_ACTIONS];
     const WINDOWED_ACT_ALPHA: f32 = 1.0 / 1000.0;
 
+    let mut pnl_cum_usd: f64 = 0.0;
+    let mut win_count: u64 = 0;
+    let mut total_trades: u64 = 0;
+    let mut hold_time_sum: f64 = 0.0;
     let mut trail_fired_total: u64 = 0;
     let mut trail_tighten_total: u64 = 0;
     let mut trail_loosen_total: u64 = 0;
@@ -609,6 +613,12 @@ fn main() -> Result<()> {
         let outcome_ema_host = read_slice_d_pub(
             dev_stream, &trainer.outcome_ema_d, cli.n_backtests,
         ).context("diag: read outcome_ema_d")?;
+        let raw_rewards_host = read_slice_d_pub(
+            dev_stream, &trainer.raw_rewards_d, cli.n_backtests,
+        ).context("diag: read raw_rewards_d")?;
+        let trade_duration_host = read_slice_d_pub(
+            dev_stream, &trainer.trade_duration_emit_d, cli.n_backtests,
+        ).context("diag: read trade_duration_emit_d")?;
 
         let mut act_hist = [0u32; N_ACTIONS];
         for &a in &actions_host {
@@ -651,6 +661,19 @@ fn main() -> Result<()> {
         let reward_abs_max = rewards_host.iter().map(|r| r.abs()).fold(0.0f32, f32::max);
         let done_count: u32 = dones_host.iter().map(|&d| if d > 0.5 { 1 } else { 0 }).sum();
 
+        // Per-trade cumulative stats (surfer validation).
+        for b in 0..cli.n_backtests {
+            if dones_host[b] > 0.5 {
+                let pnl = raw_rewards_host[b] as f64;
+                pnl_cum_usd += pnl;
+                total_trades += 1;
+                if pnl > 0.0 { win_count += 1; }
+                hold_time_sum += trade_duration_host[b] as f64;
+            }
+        }
+        let win_rate = if total_trades > 0 { win_count as f64 / total_trades as f64 } else { 0.0 };
+        let avg_hold = if total_trades > 0 { hold_time_sum / total_trades as f64 } else { 0.0 };
+
         let isv = &trainer.isv_host;
 
         // Per-step counters derived from action histogram + ISV diag slots.
@@ -1055,6 +1078,13 @@ fn main() -> Result<()> {
                 "gated_count_step": frd_gate_step,
                 "gated_count_total": frd_gate_total,
             },
+            "trading": {
+                "pnl_cum_usd": pnl_cum_usd,
+                "total_trades": total_trades,
+                "win_rate": win_rate,
+                "avg_hold_steps": avg_hold,
+                "raw_reward_sum": raw_rewards_host.iter().sum::<f32>(),
+            },
             // SP20 P3 FRD head diag — per-horizon softmax entropy + argmax-mode
             // bucket index (averaged across the batch). At init, Xavier × 0.1
             // weights → logits ≈ 0 → entropy ≈ ln(21) = 3.044 and the argmax
@@ -1067,10 +1097,12 @@ fn main() -> Result<()> {
 
         if step % cli.log_every == 0 || step == cli.n_steps - 1 {
             diag.flush().context("diag: flush")?;
+            let elapsed = t_start.elapsed().as_secs_f32();
+            let sps = if elapsed > 0.0 { (step + 1) as f32 / elapsed } else { 0.0 };
             eprintln!(
                 "step {:>6}/{}: l_q={:.4} l_pi={:.4} l_v={:.4} l_total={:.4} \
                  γ={:.4} ε={:.4} per_α={:.4} scale={:.4} \
-                 replay={} dones={} rew_sum={:.3} elapsed={:.1}s",
+                 replay={} dones={} rew_sum={:.3} sps={:.0} pnl=${:.0} wr={:.2} elapsed={:.1}s",
                 step,
                 cli.n_steps,
                 stats.l_q,
@@ -1084,7 +1116,10 @@ fn main() -> Result<()> {
                 trainer.replay.len(),
                 done_count,
                 reward_sum,
-                t_start.elapsed().as_secs_f32()
+                sps,
+                pnl_cum_usd,
+                win_rate,
+                elapsed,
             );
         }
         last_stats = Some(stats);
diff --git a/crates/ml-alpha/src/trainer/integrated.rs b/crates/ml-alpha/src/trainer/integrated.rs
index 4ff6904ed..837c59b4b 100644
--- a/crates/ml-alpha/src/trainer/integrated.rs
+++ b/crates/ml-alpha/src/trainer/integrated.rs
@@ -643,7 +643,7 @@ pub struct IntegratedTrainer {
     /// `LobSimCuda::prev_realized_pnl_d` (which serves the production
     /// decision pipeline, not the RL trainer).
     pub prev_realized_pnl_d: CudaSlice<f32>,
-    raw_rewards_d: CudaSlice<f32>,
+    pub raw_rewards_d: CudaSlice<f32>,
     /// Trainer-owned snapshot of `lobsim.pos.position_lots` for the
     /// done-flag detection: `done = (prev != 0 && current == 0)`.
     pub prev_position_lots_d: CudaSlice<i32>,