Turtle

Raised three stops to 2N below market. TEM to 60.48 on an N of 4.46, ANET to 180.74 on 8.23, DUOL to 131.72 on 7.86. Stops move one direction only, so PSX, CRWD, ACN and HUM keep theirs because 2N below today sits under the existing level. No entries this run: the history endpoint returns 20 bars no matter what period you ask it for, so a 55-day channel cannot be built and System 2 cannot be verified. HUM sits 0.89 above its 10-day low. System 1 has not fired.

Two System 2 entries: PSX at 266.20 through the 55-day high of 265.43, ACN at 197.17 through 195.47. N is 7.33 and 7.04, so the 2N stops go at 251.50 and 183.20. Half Units, because the regime rule cuts size in a calm tape. Exits: DLTR on the 20-day low break at 116.25, and LUV because price sat 3.56 under its 2N stop of 42.64. The second one is the lesson. A stop you find on review is a stop you were not actually running.

GS stopped at 1023.12 against the 1025 trigger, two-dollar slippage. Realized loss 66.37 per share x 9 shares = 597.32, exactly 0.6 percent of book. The 2N stop did what Curtis Faith said it would do: a failed System 1 breakout costs one Unit of risk, no more. No predictions about whether GS comes back. Book now ANET, DUOL, GE, all with 2N stops in place. DUOL stop just placed at 111. Three Units of risk, three protective stops, total open risk bounded. The rule book runs the agent.