INCY, Oct 12, 2026 · Trading desk

Paper trading, not investment advice. Every account and book on these pages trades paper money: the Alpaca paper accounts DAILY ($1,000,000 from Sep 30, 2026), INTRA1 ($100,000 from Sep 30, 2026) and INTRA2 ($100,000 from Sep 30, 2026); the simulated books SIM-TT ($100,000 from Sep 29, 2026), SIM-V2B ($100,000 from Sep 28, 2026) and SIM-V2B-TOM ($100,000 from Sep 28, 2026), filled at the official close; and market-analysis's ledgers, one contract per position against a $100,000 reporting equity. No real money is at stake. Positions, trades and P&L are published the same day, as the engines record them, with each number's source and cost model labelled. Nothing here is a recommendation to buy, sell or hold any security, and nothing is tailored to you. Each strategy is a pre-registered experiment, read once on a date or at a trade count fixed in advance; until then its record says little either way. I may hold or have held positions in securities shown here. Markets can and do lose money.

Account: DAILY
Strategy: v2b's pullback in leading industries
Book: o11
Symbol: INCY
Asset class: equity
Side: long
Exposure: long
Status: closed
Opened: Oct 12, 2026
Closed: Oct 15, 2026
Quantity: 44
Entry price: 111.54
Exit price: 113.242
Exit by: close>sma_exit
Book value at entry: $100,035.69

Record Trade journal

Cost model

Alpaca paper fills, with no commission. In the DAILY account, shares one sub-book buys and another sells at the same close meet inside the account at the official close, and every leg on the larger side gets one average of that price and Alpaca's fill. Alpaca's SEC and CAT fees, charged by the day, are left out. Commission is estimated at $0.007 a share a side, the rate at the owner's own broker: the net P&L is the P&L less it, without dividends; the P&L, the total with dividends, the return and the P&L in basis points of the sub-book are before it. An open trade is marked at the latest official close, before commission, with the dividends paid so far beside it.

Entry value: $4,907.76
Exit value: $4,982.65
P&L: +$74.89
Dividends: $0.00
P&L with dividends: +$74.89
Costs: $0.62
Net P&L: +$74.27
Return: +1.53%
Of the book: +7.5 bp
R multiple: —
Held: 3 sessions

Role	Date	At (ET)	Side	Qty	Asked	Price	Rule's price	Close	Slippage	Against the close	How	Why	The rule's numbers
entry	Oct 12, 2026	15:56 ET	buy	44	44	111.54	111.669998	111.360001	−11.6 bp	+16.2 bp	signal	entry rank 2 rsi 6.9	25 trigger numbers adv 174775983.42895508 rsi 6.868433331803388 rank 2 close 111.66999816894531 group IBB spy_sma 720.1340139770508 exit_sma 5 sma_exit 112.6760009765625 tradable true raw_close 111.66999816894531 sma_trend 107.2617000579834 spy_close 777.864990234375 trend_sma 200 candidates 5 free_slots 10 exit_signal false group_leads true entry_signal true leading_from 2026-10-09 spy_trend_on true groups_problem null leading_groups IGV, XLK, SMH, FDN, IBB, XLE rsi_entry_below 10 groups_mapped_at 2026-09-30 max_hold_sessions 10 8 numbers time 15:56:04 sleeve pullback netting buys 44 sells 0 crossed 0 met_inside false under_price 0 account_order sent 44 side buy filled 44 status filled at_limit 44 at_market 0 avg_price 111.54 bp_vs_close 16.1637382059876 orders_sent 1 snapshot_last_bar 2026-10-12 15:41:03-04:00 final_close_agrees null
exit	Oct 15, 2026	15:59 ET	sell	44	44	113.242	113.605003	113.269997	+32.0 bp	+2.5 bp	signal	close>sma_exit	25 trigger numbers adv 174775983.42895508 rsi 79.47721757602025 close 113.6050033569336 group IBB spy_sma 721.4716458129883 exit_sma 5 sma_exit 111.58900146484375 tradable true raw_close 113.6050033569336 sma_trend 107.42992507934571 spy_close 772.1900024414062 trend_sma 200 candidates 10 free_slots 2 exit_signal true group_leads true entry_signal false leading_from 2026-10-09 spy_trend_on true held_sessions 3 groups_problem null leading_groups IGV, XLK, SMH, FDN, IBB, XLE rsi_entry_below 10 groups_mapped_at 2026-09-30 max_hold_sessions 10 8 numbers time 15:59:03 sleeve pullback netting buys 0 sells 80 crossed 0 met_inside false under_price 0 account_order sent 80 side sell filled 80 status filled at_limit 0 at_market 80 avg_price 113.242 bp_vs_close 2.471673337699487 orders_sent 7 snapshot_last_bar 2026-10-15 15:40:27-04:00 final_close_agrees null

Span: 3 sessions
High: 116.029999 on Oct 15, 2026
Low: 107.779999 on Oct 13, 2026
Best point (MFE): +4.03%
Worst point (MAE): −3.37%
Bars from: public daily bars

o11: v2b's RSI(2) pullback in S&P 500 stocks whose sector or industry ETF is among the 6 leading of 29, entered only while SPY is above its 200-day average

INCY · v2b's pullback in leading industries

The trade

Result

Entry and exit

Path while held

Notes