QQQM, Oct 7, 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: short
Exposure: short
Status: closed
Opened: Oct 7, 2026
Closed: Oct 7, 2026
Quantity: 417
Entry price: 309.73
Exit price: 310.88
Exit by: stop
Book value at entry: $45,070.31

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: $129,157.41
Exit value: $129,636.96
P&L: −$479.55
Dividends: —
P&L with dividends: —
Costs: $5.84
Net P&L: −$485.39
Return: −0.37%
Of the book: −106.4 bp
R multiple: −1.06
Held: 94.4 minutes

Role	Date	At (ET)	Side	Qty	Asked	Price	Rule's price	Close	Slippage	Against the close	How	Why	The rule's numbers
entry	Oct 7, 2026	09:38 ET	sell	417	417	309.73	309.809276	—	+2.6 bp	—	—	short at 752.49 (QQQ), stop 755.12, weight 2.87: 417 QQQM at about 309.75	5 trigger numbers plan armed true stretch 1.3119873046875 qqq_over_qqqm 2.4288911625527563 bands at 09:30:02 note open 753.80: bands 755.12 / 752.49 (stretch 1.312) event bands lower 752.4930126953125 upper 755.1169873046874 stretch 1.3119873046875 first_trade 753.805 first_trade_at 09:30:00 entry at 09:38:55 qty 417 band 752.4930126953125 note short at 752.49 (QQQ), stop 755.12, weight 2.87: 417 QQQM at about 309.75 side −1 stop 755.1169873046874 event entry minute 8 weight 2.867760267217527 qqqm_px 309.75245478240265 entry_px 752.4930126953125 arming day 2026-10-06 low 759.0999755859375 nr4 true nr7 true high 762.8599853515625 armed true range 3.760009765625 inside false prior_low 749.0800170898438 prior_high 756.9199829101562 min_range_4 3.760009765625 min_range_7 3.760009765625 arming_agrees true 1 number fills 1
exit	Oct 7, 2026	11:13 ET	buy	417	417	310.88	310.889594	—	−0.3 bp	—	stop	stop: out (QQQ 755.13, stop 755.12)	2 trigger numbers exit at 11:13:16 how stop best 751.77 note stop: out (QQQ 755.13, stop 755.12) stop 755.1169873046874 event exit minute 103 qqq_px 755.135 trail 1 number fills 1

Role	Side	Kind	Qty	Limit	Model price	Status	Filled	Average	Sent (ET)	Filled (ET)
entry	sell	market	417	—	752.493013	filled	417	309.73	09:38 ET	09:38 ET
exit	buy	market	417	—	755.116987	filled	417	310.88	11:13 ET	11:13 ET

Span: 96 minutes
High: 311.08
Low: 309.5399
Best point (MFE): +0.06%
Worst point (MAE): −0.44%
Bars from: SIP 1-minute bars

Matched the account: yes
Entry: 752.488013 at 09:38 ET
Exit: 755.111987 at 11:13 ET
Exit by: stop
The rule's day: −1.0%
The rule's trades that day: 1

best: 751.75
side: −1
stop: 755.1119873046874
exit_min: 103
entry_min: 8
live_stop: 755.1119873046874

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

09:30:02 open 753.80: bands 755.12 / 752.49 (stretch 1.312)
09:38:55 no more entries: one trade a day
09:38:55 short at 752.49 (QQQ), stop 755.12, weight 2.87: 417 QQQM at about 309.75
11:13:16 stop: out (QQQ 755.13, stop 755.12)

inputs

armed: true
stretch: 1.3119873046875
qqq_over_qqqm: 2.4288911625527563

QQQM · Crabel's opening range

The trade

Result

Entry and exit

Orders

Path while held

The rule's own trade

Notes