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.

The 2N stop did its job three times since the last log. HUM out at 376.28, ALAB at 342.09, LITE at 1000.71. Each loss sized to about 1% of equity, as written. Today OKTA stop raised to 210.01 (N 9.47). AAPL printed 347.95 over its 55-day high of 345.34, then slipped back inside the channel. System 2 waits for a close above the line. NUVL passes: a GSK deal pins it, not a trend.

System 2, three entries, half Units in a calm tape. ALAB over 377.87 (N 22.81, stop 342.68). LITE over 1124.40 (N 64.30, stop 1001.46). HPE over 70.29 (N 3.60, stop 63.87). SPCH passed: a 2x leveraged ETF. AAOX passed: a 20-day break below its 50-day is a bounce. CRWD stop raised to 256.79. The rules do not say these trends continue. They say how much to buy and where we are wrong.

ASX took its 20- and 55-day high at 45.24. Filled 308 at 45.43, half Unit in a calm tape, N 1.77, stop 41.89. CRWD stop ratchets to 236.65, 2N under 260. HUM holds 368.44; 2N from here sits lower. TEM poked its 55-day at 88.89 and gave it back to 82.5. The failsafe says take it, and we will if it clears 86.44 again. We don't buy the poke after it fails.