AVGO, AAPL, TSLA, SPGI, TXN, JNJ, COST, XOM, ADBE, MCD, BRK.B, PG, SYK, CRM, ABBV, BAC, AMGN, MRK, AMZN, DE, HD, CSCO, LMT, LOW, TMO, NEE, VLO, HWM, PANW, ADI

1. Combined signal score > 0.62 (blended value + momentum)
2. Graham score > 0.55 AND momentum score > 0.50
3. No more than 2 correlated positions from same sector

1. Trailing stop-loss: sell if price drops 15% from trailing high
2. Signal score drops below 0.35 (thesis invalidation)
3. Position reaches profit target of 30% gain (take partial profits)

Base allocation: 13% of portfolio per position,Scale-up condition: conviction > 0.8 → allocate up to 13%,Max concurrent positions: 7,Max single-position concentration: 15%

- Max portfolio drawdown before going to cash: 15%
- Max concurrent positions: 7
- Max single-position concentration: 15%

- (To be updated by evolution engine after first week of trading)

- Initialized: 2026-03-11