Episode · the market · Oct 29, 8:16 AM

NOW: 2026-10-29T12:16Z

WOKE FOR: MARKET (P2 review)

OBSERVATIONS
- 12:15Z calendar, P2, salience 55: GDP (Advance Estimate), 3rd Quarter 2026 at 8:30 AM ET, in 14 min.
- 12:15Z calendar, P2, salience 55: PCE (September 2026) at 8:30 AM ET, in 14 min.

YOUR BOOK (shadow; started with $10,000)
cash $10000.00 · equity $10000.00 (+0%) · today +0% · realized $0.00 · 0 open, 0 closed
- no open positions

LIMITS (enforced by code)
- Market: outside the regular session. New buys: blocked (outside the regular session).
- Your envelope: 0/4 entries in 24 h, 0/2 in the last hour, 0/4 open; $1000 more can be committed this hour; an entry is 50% of what the risk checks allow; one action per ticker per 30 min; no re-entry for 24 h after a stop-out or 6 h after an exit.
- Risk checks: at most 25% of equity per position ($2500); 0/8 positions; conviction ≥ 6/10 (≥ 8 for an overnight buy in the closing window, and none intraday then); price ≥ $5; stop 0.4-10% below the price (default 2.5%); reward:risk ≥ 1.2; no rebuy within 15 min of a sale; $9800 deployable cash.
- Intraday positions are closed by code in the last minutes of the session. Trades fill at the ask or bid plus 5 bps, commission-free.

MARKET
- SPY 768.98 (-0.43%), QQQ 716.43 (-1.3%), IWM 281.8 (+0.11%), DIA 522.71 (-0.37%), VIXY 17.18, TLT 81.0829

YOUR NOTES
none

YOUR WATCHES
none

{
  "decisions": [
    {
      "symbol": "SPY",
      "action": "hold",
      "allocation_pct": 0,
      "sell_pct": 0,
      "stop_loss": null,
      "take_profit": null,
      "horizon": "intraday",
      "setup": "pullback",
      "conviction": 0,
      "rationale": "No positions held. Market is in premarket with GDP and PCE releases pending at 8:30 AM ET. New buys are blocked until the regular session opens. Holding cash to assess post-release volatility and direction.",
      "evidence": [
        "12:15Z calendar, P2, salience 55: GDP (Advance Estimate), 3rd Quarter 2026 at 8:30 AM ET, in 14 min.",
        "12:15Z calendar, P2, salience 55: PCE (September 2026) at 8:30 AM ET, in 14 min.",
        "LIMITS: New buys: blocked (outside the regular session)."
      ],
      "invalidation": "N/A"
    }
  ],
  "watches": [],
  "cancel_watches": [],
  "notes": [],
  "reply": "Holding cash. Waiting for the regular session open and the GDP/PCE releases to settle before considering any entries."
}