LCB (initial position)
B: on breakout. watch the tape! note to self: this is a pennant – prone to false breakout!
P: Max 50k shares – 1% risk. Start with 25k shares for .50% risk.
Reading was correct to range at .07 volatility (1.48-1.55)
Current position 65k shares is now raised to breakeven. Risk free!
For new position: (flag)
B: 1.56-1.57 (watch the tape)
Position: Max 60k shares for 1% risk. Start with 30k for .5% risk.
If this moved according to plan, scrap the EDC trade idea. (Focus on relative strength!)