Journal 2026-06-04
Morning plan
As of: 2026-06-04T10:31 UTC
Mode: paper
Account equity: $101,885.16 | Cash: $66,305.78 | Open positions: 7/8
Market context
Broad tech/growth sell-off pre-market: Iran tensions, rising oil/yields. Polymarket: S&P 500 opens down. AVGO Q2 reported post-close yesterday — gapped -5.67% despite $100B 2027 AI forecast (market underwhelmed), triggering sympathy selling across tech.
Screen results
Gap continuation (long, >1.5% up, rel_vol >1.5x, named catalyst):
- URI +6.23%, 2.66x: no news catalyst -> skip
- INCY +6.19%, 1.95x: no news catalyst -> skip
- MDT +5.88%, 1.83x: no news catalyst -> skip
Earnings drift (beat EPS+rev, gap up <5%, T+1):
- AVGO Q2: gapped DOWN -5.67% -> not eligible (requires up gap)
Mean reversion (RSI2 < 5, above 200SMA, long-only):
| Symbol | Gap% | Rel_Vol | RSI2 | Above 200SMA | Decision |
|---|---|---|---|---|---|
| DDOG | -7.0% | 1.30x | 0.0 | YES | SELECTED (only open slot) |
| PANW | -5.68% | 1.24x | 0.0 | YES | Skipped -- slot full |
| XYZ | -5.85% | 1.72x | 0.0 | YES | Skipped -- slot full |
| ORCL | -7.16% | 1.01x | 0.0 | YES | Skipped -- slot full |
Slot constraint: 7/8 filled (MAX_OPEN_POSITIONS=8). Only 1 new trade permitted.
Trade plan
| Symbol | Side | Qty | Entry | Stop | Target | Strategy | Notional |
|---|---|---|---|---|---|---|---|
| DDOG | buy | 20 | $250.32 | $239.82 | $271.32 | mean_reversion | $5,006.40 |
DDOG rationale: RSI2=0.0, above 200SMA. Gap -7.0% is sector sympathy (AVGO sell-off + macro) with no DDOG-specific catalyst. Stop = 1.5x ATR14 (~$7.00 est, stop $10.50 below entry). Target = 2R.
Skipped:
- PANW: RSI2=0, above 200SMA, -5.68% -- equal setup, slot full after DDOG
- XYZ: RSI2=0, above 200SMA, -5.85%, rel_vol 1.72x -- slot full
- ORCL: RSI2=0, above 200SMA, -7.16% -- slot full
Open routine notes
- CIEN reports Q2 today -- watch for earnings drift setup tomorrow if it beats
- LULU reports Q1 today (expected miss) -- check tomorrow for RSI2 extremes + 200SMA
- If DDOG opens >2% below $250.32, do not chase; reassess at the open
Executed trades
(to be filled by open routine)
Mid-day notes
As of: 2026-06-04T12:30 ET
Drawdown: 0.1638% of 2.0% daily limit (8.2% used; 91.8% headroom remaining)
Halted: no
Position decisions
| Symbol | Decision | Reason |
|---|---|---|
| CPAY | CLOSE — manual action required | 10+ sessions with no thesis; unrealized −$103.98 (−2.16%); CLI permission block prevented automated close. Human must run python -m svidday.cli close-position CPAY immediately. |
| AKAM | CLOSE — manual action required | Flagged for mandatory close multiple sessions (learned.md); no current thesis; +$13.20 is a rare exit opportunity. Human must run python -m svidday.cli close-position AKAM immediately. |
| DDOG | Hold | Today's mean-reversion setup (RSI2=0.0, above 200SMA, -7% sector-sympathy gap); unrealized −$48.24 (−1.0%) is within expected range for this strategy. Note: state entry ($200.00 × 24 shares) differs from morning plan ($250.32 × 20 shares) — verify fill details. Thesis intact pending open price reconciliation. |
CLI block — recurring failure
python -m svidday.cli close-position requires manual approval every session. Both CPAY and AKAM closes were attempted and blocked. See recurring mistake log (2026-05-14, 2026-05-28). Fix: pre-authorize C:\Users\bobby\venvs\svidday\Scripts\python.exe in .claude/settings.json._
Post-close review
As of: 2026-06-04 close
Account equity (positions.json snapshot): $99,836.21
Yesterday close (equity_curve.csv): $102,043.72
Estimated net P&L today: −$2,207.51 (−2.16%)
SPY comparison: unavailable — report command blocked; equity_curve.csv not updated today.
Cumulative alpha vs SPY: stale (last written 2026-06-03, value 0.000000).
Morning opened 7/8 slots. End-of-day positions.json shows 3 open positions (AKAM, CPAY, DDOG). The other 4 positions from this morning's roster appear to have closed during the session (stops or targets hit via bracket orders). Per-trade attribution for those 4 is unavailable without the report command.
DDOG — mean_reversion, entered today
- State shows fill: $200.00 × 24 shares. Morning plan called for $250.32 × 20 shares — a ~20% entry-price discrepancy and different quantity. DDOG pre-market gap was −7%; a $200 fill implies the stock opened ~−20% from the prior close, far outside what the screen captured. Either the actual open gapped far lower than the pre-market read, or this is a stale state entry from a prior session misidentified as today's fill.
- Current: $197.99, unrealized −$48.24 (−1.0%).
- Thesis status: RSI2=0, above 200SMA, sector-sympathy gap — intact at face value. However, the entry price uncertainty means the stop and target levels logged in the morning plan are invalid.
- Verdict: Hold position with the mean-reversion thesis, but entry integrity is unresolved. Risk parameters must be verified against the actual Alpaca fill before the next session.
CPAY — stale, no thesis
- Status: Still open. Unrealized −$103.98 (−2.16%). 10+ consecutive sessions, no thesis.
- Mid-day manual close was attempted; CLI permission block prevented execution — again.
- Verdict: Operational failure. Fourth (minimum) consecutive session where this slot has not been cleared. Loss has not grown from mid-day snapshot but the opportunity cost of the held slot compounds daily.
AKAM — stale, no thesis
- Status: Still open. Unrealized +$13.20 (+0.27%).
- Mid-day manual close was attempted; CLI block prevented execution.
- Verdict: Operational failure. The small gain does not justify continued hold — no-thesis rule is absolute regardless of sign.
Lessons
When the CLI is blocked and the open routine cannot confirm fills, the state snapshot records wrong entry prices and quantities — making every subsequent risk calculation for that trade unsafe until reconciled against the actual Alpaca fill.