QQQM, 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: INTRA2
Strategy: Crabel's opening range
Book: crabel
Symbol: QQQM (on QQQ)
Asset class: equity
Side: short
Exposure: short
Status: closed
Opened: Oct 12, 2026
Closed: Oct 12, 2026
Quantity: 366
Entry price: 307.874508
Exit price: 307.13
Exit by: time
Book value at entry: $44,590.76

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: $112,682.07
Exit value: $112,409.58
P&L: +$272.49
Dividends: —
P&L with dividends: —
Costs: $5.12
Net P&L: +$267.37
Return: +0.24%
Of the book: +61.1 bp
R multiple: +0.61
Held: 384.8 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 12, 2026	09:34 ET	sell	366	366	307.874508	308.104294	—	+7.5 bp	—	—	short at 748.15 (QQQ), stop 751.10, weight 2.53: 366 QQQM at about 308.01	5 trigger numbers plan armed true stretch 1.47698974609375 qqq_over_qqqm 2.4282297423963284 bands at 09:30:01 note open 749.62: bands 751.10 / 748.15 (stretch 1.477) event bands lower 748.1480102539062 upper 751.1019897460938 stretch 1.47698974609375 first_trade 749.625 first_trade_at 09:30:00 entry at 09:32:27 qty 366 band 748.1480102539062 note short at 748.15 (QQQ), stop 751.10, weight 2.53: 366 QQQM at about 308.01 side −1 stop 751.1019897460938 event entry minute 2 weight 2.5326784164634906 qqqm_px 308.00627590613226 entry_px 748.1480102539062 arming day 2026-10-09 low 748.3699951171875 nr4 false nr7 false high 752.8699951171875 armed true range 4.5 inside true prior_low 743.22998046875 prior_high 757.1799926757812 min_range_4 3.760009765625 min_range_7 3.760009765625 arming_agrees true 1 number fills 1
exit	Oct 12, 2026	15:59 ET	buy	366	366	307.13	—	—	—	—	time	time: out (QQQ 745.99, stop 747.80)	8 trigger numbers exit at 15:59:00 how time best 744.85 note time: out (QQQ 745.99, stop 747.80) stop 747.8039794921875 event exit minute 389 qqq_px 745.99 trail.at 14:51:04, 14:52:04, 14:53:04 trail.best 745.13, 744.93, 744.85 trail.note trail: stop 751.10 -> 748.08, trail: stop 748.08 -> 747.88, trail: stop 747.88 -> 747.80 trail.event trail, trail, trail trail.minute 320, 321, 322 trail.stop_to 748.0839794921875, 747.8839794921874, 747.8039794921875 trail.stop_from 751.1019897460938, 748.0839794921875, 747.8839794921874 1 number fills 1

Role	Side	Kind	Qty	Limit	Model price	Status	Filled	Average	Sent (ET)	Filled (ET)
entry	sell	market	366	—	748.14801	filled	366	307.874508	09:32 ET	09:34 ET
exit	buy	market	366	—	—	filled	366	307.13	15:59 ET	15:59 ET

Span: 385 minutes
High: 308.55
Low: 306.68
Best point (MFE): +0.39%
Worst point (MAE): −0.22%
Bars from: SIP 1-minute bars

Matched the account: yes
Entry: 748.21201 at 09:31 ET
Exit: 745.98 at 15:59 ET
Exit by: time
The rule's day: +0.7%
The rule's trades that day: 1

best: 744.845
side: −1
stop: 751.1659897460937
exit_min: 389
entry_min: 1
live_stop: 747.7989794921875

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

09:30:01 open 749.62: bands 751.10 / 748.15 (stretch 1.477)
09:32:27 no more entries: one trade a day
09:32:27 short at 748.15 (QQQ), stop 751.10, weight 2.53: 366 QQQM at about 308.01
14:51:04 trail: stop 751.10 -> 748.08
14:52:04 trail: stop 748.08 -> 747.88
14:53:04 trail: stop 747.88 -> 747.80
15:59:00 time: out (QQQ 745.99, stop 747.80)

inputs

armed: true
stretch: 1.47698974609375
qqq_over_qqqm: 2.4282297423963284

QQQM · Crabel's opening range

The trade

Result

Entry and exit

Orders

Path while held

The rule's own trade

Notes