QQQM, Sep 30, 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: INTRA2
Strategy: Crabel's opening range
Book: crabel
Symbol: QQQM (on QQQ)
Asset class: equity
Side: long
Exposure: long
Status: closed
Opened: Sep 30, 2026
Closed: Sep 30, 2026
Quantity: 381
Entry price: 305.345459
Exit price: 305.53
Exit by: stop
Book value at entry: $45,000.00

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.

Entry value: $116,336.62
Exit value: $116,406.93
P&L: +$70.31
Dividends: —
P&L with dividends: —
Costs: $5.33
Net P&L: +$64.98
Return: +0.06%
Of the book: +15.6 bp
R multiple: +0.16
Held: 232.9 minutes

Role	Date	At (ET)	Side	Qty	Asked	Price	Rule's price	Close	Slippage	Against the close	How	Why	The rule's numbers
entry	Sep 30, 2026	09:33 ET	buy	381	381	305.345459	305.349701	—	−0.1 bp	—	—	long at 741.62 (QQQ), stop 738.76, weight 2.59: 381 QQQM at about 305.40	1 number fills 1
exit	Sep 30, 2026	13:26 ET	sell	381	381	305.53	305.591403	—	+2.0 bp	—	stop	stop: out (QQQ 742.13, stop 742.21)	1 number fills 1

Role	Side	Kind	Qty	Limit	Model price	Status	Filled	Average	Sent (ET)	Filled (ET)
entry	buy	market	381	—	741.620988	filled	381	305.345459	09:31 ET	09:33 ET
exit	sell	market	381	—	742.208025	filled	381	305.53	13:26 ET	13:26 ET

Span: 234 minutes
High: 306.77
Low: 304.96
Best point (MFE): +0.47%
Worst point (MAE): −0.13%
Bars from: SIP 1-minute bars

Matched the account: yes
Entry: 741.620988 at 09:31 ET
Exit: 742.238025 at 13:20 ET
Exit by: stop
The rule's day: +0.2%
The rule's trades that day: 1

best: 745.1
side: 1
stop: 738.7590124511719
exit_min: 230
entry_min: 1
live_stop: 742.2380249023437

Crabel's opening range with a trailing stop, decided on QQQ and traded in QQQM

09:30:01 open 740.19: bands 741.62 / 738.76 (stretch 1.431)
09:31:38 no more entries: one trade a day
09:31:38 long at 741.62 (QQQ), stop 738.76, weight 2.59: 381 QQQM at about 305.40
10:07:03 trail: stop 738.76 -> 741.69
11:50:03 trail: stop 741.69 -> 742.04
11:51:03 trail: stop 742.04 -> 742.21
13:26:33 stop: out (QQQ 742.13, stop 742.21)

inputs

armed: true
stretch: 1.430987548828125
qqq_over_qqqm: 2.4287595036698155

QQQM · Crabel's opening range

The trade

Result

Entry and exit

Orders

Path while held

The rule's own trade

Notes