We are now 76 days since the S&B 500 has had a move of 2% or more. That is insanely low volatility. And because of that, we haven’t gotten as many trades as I would like, but the beauty of being a systematic traders, I don’t need to go hunt for them. We will just wait patiently. Until the system tells us.
How to place it: enter a BUY LIMIT for WDC at $426.59, sized at about 5% of your account, good for the day only - if it never fills, it cancels itself and there is no trade. Do NOT rest a stop order for this one - the $356.63 line only counts on a CLOSE beneath it (an intraday dip through it is normal and is not an exit). The sheet checks it every night and the alert bot calls it if it triggers. Sell at the NEXT MORNING'S OPEN - one of three things always ends this trade: (1) a CLOSE above the prior day's high - the bounce arrived (the level rolls forward each day); (2) a CLOSE beneath the protective stop printed on this card; (3) neither happens and the calendar ends it - sell at the open on Thursday, October 8. For the calendar leg, set a dated market-on-open sell for that date.
