Journal — 2026-06-03
Morning plan
Pre-market as of 06:30 ET. Account: $102,151.42 equity | 7 open positions (AMCR, CARR, FDX, GNRC, NEM, TJX, VRT) | Paper mode.
Screened 25 gappers. 1 trade planned (2 qualified on strategy but position cap allows only 1 new slot: 7 open + 1 = MAX_OPEN_POSITIONS=8).
Trade plan
| # | Symbol | Side | Qty | Entry | Stop | Target | Strategy | Rationale |
|---|---|---|---|---|---|---|---|---|
| 1 | HPE | BUY | 90 | 56.15 | 54.35 | 59.75 | gap_continuation | +19.32% on 2.97× rel-vol; S&P 500 AI/datacenter infrastructure; above 200SMA; catalyst inferred as Q2 earnings beat from magnitude + 3× vol. Notional $5,053.50 ≤ 5% cap. plan-check: ok. |
Skipped ideas (rationale)
- CBOE (mean_reversion, RSI=0, above 200SMA): would qualify — dropped by MAX_OPEN_POSITIONS=8 cap (HPE fills the last slot). Note: CBOE is on 2nd consecutive RSI(2)=0 session; consider for tomorrow if a slot opens.
- COHR (+17.63%): rel_vol 1.25× — below 1.5× minimum.
- LITE (+13.89%): rel_vol 1.20× — below 1.5× minimum.
- GLW (+13.44%): rel_vol 1.04× — below 1.5× minimum.
- FCX (+7.04%): rel_vol 1.52×, no identifiable news catalyst in feed.
- DE (+6.73%): rel_vol 1.56×, no news catalyst in feed.
- ARE (+8.71%): rel_vol 1.56×, below 200SMA, no catalyst.
- APTV (+7.64%): rel_vol 1.58×, below 200SMA.
- CVNA (RSI=0): below 200SMA — mean-reversion requires above 200SMA.
- JCI (RSI=99, overbought): fade would require short — out of scope v1 long-only.
Edge cases for open routine
- CRWD reports Q1 FY2027 after close today — if beat, June 4 is T+1 earnings_drift candidate.
- MDT reports Q4 FY2026 today — if beat, monitor for June 4 earnings_drift.
- HPE: 19% gap is large; wait for the 5-min opening range to form, then use range low as stop if tighter than the 1.5×ATR estimate.
- Slot pressure: 8/8 positions after HPE entry. Any new setup requires a close first — execute mandatory closes at open before entering HPE.
Executed trades
(to be filled by open routine)
Mid-day notes
12:30 ET check — paper mode, 7 open positions, account up ~$389 (+0.38%) on the day. daily_drawdown_pct = −0.38%; daily loss limit = 2.0%; 19% of cap used — well clear of aggressive-close threshold.
Position decisions:
- GNRC — hold — +16.46% ($803); RSI(2)=0 mean-reversion thesis fully played out; bracket stop still in place. v2 TODO: tighten stop to protect gains.
- CARR — hold — +11.48% ($564); RSI(2)=0 continuation holding well; no thesis break. v2 TODO: tighten stop.
- VRT — hold — +3.36% ($162); AI/datacenter theme intact; P&L within expected range.
- AMCR — hold — +4.25% ($211); steady gain, thesis intact.
- NEM — hold — +0.43% ($21); gold thesis intact; position flat but no reversal signal.
- TJX — hold — −1.00% (−$49); small loss well within bracket range; no thesis-breaking news observed.
- FDX — hold — −1.77% (−$89); loss within bracket stop range; no new catalyst reversing thesis; will reassess at close.
No closes performed.
HPE: Planned morning entry (90 shares @ $56.15, gap_continuation) did not appear in positions — open routine likely blocked by CLI permission issue (see recurring mistakes). Gap-continuation window for HPE is now closed; slot remains 7/8. No action available at midday (new entries out of scope).
Headroom: 19% of daily loss limit used (81% remaining).
Post-close review
Account equity at close: $102,043.72 | SPY close: $754.18 | Paper mode.
Equity curve row written (first entry; daily_return and cumulative_alpha require a prior baseline row — will populate from tomorrow onwards).
HPE (planned, not executed): Gap-continuation entry (90 shares @ $56.15) blocked by CLI permission issue. Gap window closed by mid-morning. Outcome: opportunity loss only, no realized P&L impact. Third consecutive missed entry due to same root cause.
Carry-forward positions (no new trades today; outcomes from midday snapshot):
| Symbol | Strategy | Midday P&L | Status |
|---|---|---|---|
| GNRC | mean_reversion | +$803 (+16.46%) | Thesis fully played out at midday; original bracket stop in place, not tightened. Exact close not captured — gains at risk if not stopped out near peak. |
| CARR | mean_reversion | +$564 (+11.48%) | RSI(2)=0 continuation holding; no thesis break. |
| VRT | gap_continuation | +$162 (+3.36%) | AI/datacenter theme intact; within range. |
| AMCR | gap_continuation | +$211 (+4.25%) | Thesis intact. |
| NEM | gap_continuation | +$21 (+0.43%) | Gold thesis intact; position flat. |
| TJX | mean_reversion | −$49 (−1.00%) | Within bracket; no thesis-breaking news. |
| FDX | gap_continuation | −$89 (−1.77%) | Within bracket stop range. |
No closes performed today. Slot count remains 7/8; HPE slot never filled.
Cumulative alpha vs SPY: 0.0 (insufficient history — first equity curve row).
Lessons
Once a mean-reversion position has hit its full thesis intraday, the original bracket stop leaves all captured profit exposed — tightening it manually before close is the only way to protect gains until a trailing-stop feature exists.