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

QQQM · Crabel's opening range

Opened Oct 29, 2026, closed Oct 29, 2026, in INTRA2.

The trade

Account: INTRA2
Strategy: Crabel's opening range
Book: crabel
Symbol: QQQM (on QQQ)
Asset class: equity
Side: short
Exposure: short
Status: closed
Opened: Oct 29, 2026
Closed: Oct 29, 2026
Quantity: 247
Entry price: 293.817733
Exit price: 294.36
Exit by: time
Book value at entry: $44,599.69

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: $72,572.98
Exit value: $72,706.92
P&L: −$133.94
Dividends: —
P&L with dividends: —
Costs: $3.46
Net P&L: −$137.40
Return: −0.18%
Of the book: −30.0 bp
R multiple: −0.30
Held: 385.3 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	Oct 29, 2026	09:33 ET	sell	247	247	293.817733	294.08492	—	+9.1 bp	—	—	short at 714.38 (QQQ), stop 718.74, weight 1.63: 247 QQQM at about 294.05	5 trigger numbers plan armed true stretch 2.184991455078125 qqq_over_qqqm 2.4291453248970574 bands at 09:30:01 note open 716.56: bands 718.74 / 714.38 (stretch 2.185) event bands lower 714.3750085449218 upper 718.7449914550781 stretch 2.184991455078125 first_trade 716.56 first_trade_at 09:30:00 entry at 09:32:43 qty 247 band 714.3750085449218 note short at 714.38 (QQQ), stop 718.74, weight 1.63: 247 QQQM at about 294.05 side −1 stop 718.7449914550781 event entry minute 2 weight 1.6347318129886501 qqqm_px 294.05404142721295 entry_px 714.3750085449218 arming day 2026-10-28 low 720.2999877929688 nr4 true nr7 true high 726.1400146484375 armed true range 5.84002685546875 inside false prior_low 713.5900268554688 prior_high 722.8699951171875 min_range_4 5.84002685546875 min_range_7 5.84002685546875 arming_agrees true 1 number fills 1
exit	Oct 29, 2026	15:59 ET	buy	247	247	294.36	—	—	—	—	time	time: out (QQQ 714.84, stop 718.74)	2 trigger numbers exit at 15:59:00 how time best 711.675 note time: out (QQQ 714.84, stop 718.74) stop 718.7449914550781 event exit minute 389 qqq_px 714.84 trail 1 number fills 1

Orders

Role	Side	Kind	Qty	Limit	Model price	Status	Filled	Average	Sent (ET)	Filled (ET)
entry	sell	market	247	—	714.375009	filled	247	293.817733	09:32 ET	09:33 ET
exit	buy	market	247	—	—	filled	247	294.36	15:59 ET	15:59 ET

Path while held

Span: 387 minutes
High: 295.64
Low: 293.07
Best point (MFE): +0.25%
Worst point (MAE): −0.62%
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: 714.365009 at 09:32 ET
Exit: 715.33 at 15:59 ET
Exit by: time
The rule's day: −0.2%
The rule's trades that day: 1

best: 711.62
side: −1
stop: 718.7349914550781
exit_min: 389
entry_min: 2
live_stop: 718.7349914550781

Notes

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

09:30:01 open 716.56: bands 718.74 / 714.38 (stretch 2.185)
09:32:43 no more entries: one trade a day
09:32:43 short at 714.38 (QQQ), stop 718.74, weight 1.63: 247 QQQM at about 294.05
15:59:00 time: out (QQQ 714.84, stop 718.74)

inputs

armed: true
stretch: 2.184991455078125
qqq_over_qqqm: 2.4291453248970574