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.

Trade

QQQ · Nasdaq opening-range retest

Opened Nov 2, 2026, closed Nov 2, 2026, in INTRA1.

The trade

Account: INTRA1
Strategy: Nasdaq opening-range retest
Book: pat
Symbol: QQQ
Asset class: equity
Side: long
Exposure: long
Status: closed
Opened: Nov 2, 2026
Closed: Nov 2, 2026
Quantity: 122
Entry price: 695.86
Exit price: 693.37
Exit by: stop
Book value at entry: $43,199.19

Record Trade journal

Cost model

Alpaca paper fills, with no commission; 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; the P&L, the return, the P&L in basis points of the book and the R multiple are before it. The rule book's day return is the rule's own replay on SIP bars, after the research's own costs: $0.0035 a share a side in commission for the noise area and $0.007 for the other rules, and a cent a share of slippage on every fill except a resting limit order's and the noise area's exit at the close.

Result

Entry value: $84,894.92
Exit value: $84,591.14
P&L: −$303.78
Dividends: —
P&L with dividends: —
Costs: $1.71
Net P&L: −$305.49
Return: −0.36%
Of the book: −70.3 bp
R multiple: −0.99
Held: 52.6 minutes

Entry and exit

Role	Date	At (ET)	Side	Qty	Asked	Price	Rule's price	Close	Slippage	Against the close	How	Why	The rule's numbers
entry	Nov 2, 2026	10:56 ET	buy	122	171	695.86	695.87	—	−0.1 bp	—	—	long 171 QQQ: limit 695.86 (edge 695.870), target 700.902, stop 693.354, weight 2.77 (accepted)	4 trigger numbers range at 09:45:04 low 693.36 high 695.87 note range 693.36-695.87 event range setup at 10:15:04 px 696.56 bar 8 how limit qty 171 edge 695.87 note long 171 QQQ: limit 695.86 (edge 695.870), target 700.902, stop 693.354, weight 2.77 (accepted) side 1 stop 693.353918498779 event setup limit 695.86 status accepted target 700.9021630024421 weight 2.765689424854874 model_px 695.87 trend_up 1 range_low 693.36 range_high 695.87 filled at 10:56:48 how limit qty 11 note filled 11 at 695.86 (the rule's 695.870), minute 86 event filled minute 86 model_px 695.87 avg_price 695.86 inputs tick 0.006081501221045036 trend_up 1 1 number fills 1
exit	Nov 2, 2026	11:49 ET	sell	122	122	693.37	693.353918	—	−0.2 bp	—	stop	closing: stop	2 trigger numbers end at 11:49:24 why stop note closing: stop event closing minute 139 breakeven 1 number fills 1

Orders

Role	Side	Kind	Qty	Limit	Model price	Status	Filled	Average	Sent (ET)	Filled (ET)
entry	buy	limit	171	695.86	695.87	canceled	122	695.86	10:15 ET	10:56 ET
exit	sell	market	122	—	693.353918	filled	122	693.37	11:49 ET	11:49 ET

Path while held

Span: 54 minutes
High: 696.48
Low: 693.33
Best point (MFE): +0.09%
Worst point (MAE): −0.36%
Bars from: SIP 1-minute bars

The rule's own trade

The rule replayed on its own bars, beside the account's fills.

Matched the account: yes
Entry: 695.955 at 10:56 ET
Exit: 693.293918 at 11:55 ET
Exit by: stop
The rule's day: −1.0%
The rule's trades that day: 1

best: 696.13
side: 1
stop: 693.2939184987789
tick: 0.006081501221045036
entry: limit
target: 701.2771630024423
exit_min: 145
entry_min: 86
live_stop: 693.2939184987789

Notes

the Nasdaq opening-range breakout with the trend filter, on QQQ

09:45:04 range 693.36-695.87
10:15:04 no more entries: one setup a day
10:15:04 long 171 QQQ: limit 695.86 (edge 695.870), target 700.902, stop 693.354, weight 2.77 (accepted)
10:56:48 filled 11 at 695.86 (the rule's 695.870), minute 86
11:49:24 closing: stop

inputs

tick: 0.006081501221045036
trend_up: 1