Episode · the market · Oct 29, 4:10 PM

NOW: 2026-10-29T20:10Z

WOKE FOR: MARKET (P3 background)

OBSERVATIONS
- 20:10Z session, P3, salience 40: After the close: review today's decisions and your book, and leave notes and watches for tomorrow.

YOUR BOOK (the paper account: your decisions trade it; started with $10,000)
cash $2774.55 · equity $9974.92 (-0.25%) · today -0.49% · 4 stocks, 0 options positions
- DIA: 4 shares at 522.89, now 522.4 (0.01%), stop 483.7, target 620.9, multi_day horizon, opened 9:49 AM ET. Thesis: DIA at 522.89 sits above sma20 517.45 and sma50 522.26 with +1.97% 20-day return; only qualifying swing ETF per CONTEXT. 7.5% stop at 483.67, 2.5R target 620.94. Invalidation: Daily close below sma50 522.26
- IWM: 6 shares at 285.08, now 284.2 (-0.21%), stop 277.5, target 300, multi_day horizon, opened 11:35 AM ET. Thesis: IWM 284.99 holds above daily sma20 (277.55) and sma50 (284.66) with +1.31% today. 5m trend up, holding VWAP (283.93). Daily invalidation is a close below sma20. Stop at 277.50 (2.6% risk), target 300.00 (5.3% reward), R:R 2.0. Conviction 7. Invalidation: Daily close below sma20 277.55
- SOFI: 64 shares at 17.37, now 17.23 (-0.69%), stop 16.95, target 18.2, multi_day horizon, opened 9:45 AM ET. Thesis: Breakout above daily sma20 (15.36) and 5-min opening range high (17.18) on volume. Holding above VWAP (17.04). Q3 beat and raised 2027 guidance support multi-day follow-through. R:R 2.25. Invalidation: Daily close below VWAP 17.04 or 5-min swing low 16.88
- SPY: 3 shares at 767.06, now 765.88 (-0.16%), stop 710.6, target 912.2, multi_day horizon, opened 9:49 AM ET. Thesis: SPY 768.19 is the owner's stated reference broad index; near sma50 767.49 despite slight sma20 discount. 7.5% stop 710.58, 2.5R target 912.22. Invalidation: Daily close below sma50 767.49

LIMITS (enforced by code)
- Market: outside the regular session. New buys: blocked (outside the regular session).
- Your envelope: 3/4 entries in 24 h, 0/2 in the last hour, 0/4 open; $997 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 ($2493.73); 4/8 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; $2575.05 deployable cash.
- Options: open premium $0 of the 25% of equity cap ($2494); at most 4% of equity per position; 0/6 positions; conviction ≥ 7; long calls and puts, call and put debit spreads; buy |delta| 0.25-0.7, 7-45 days to expiration; contracts only from an option_menu result in this episode; exits default to -60% / +150% of the position's value, and code closes positions before expiration.
- Intraday stock positions are closed by code in the last minutes of the session; stops and targets rest at the broker as bracket or OCO orders.

MARKET
- SPY 765.88 (-0.36%), QQQ 706.01 (-1.4%), IWM 284.2 (+0.96%), DIA 522.4 (-0.36%), VIXY 17.04, TLT 81.71

YOUR NOTES
none

YOUR WATCHES
- f34f8bae-bda8-408f-a29d-0e07f6b1027e: BBWI below 22.27, until 2026-10-29T20:55Z. Note: BBWI breakout failed to hold above VWAP (22.29) and ORL high (22.52). Price 22.635 is above ORL low (22.27) but below VWAP. Wait for close or break below 22.27 to exit.

{
  "decisions": [
    {
      "symbol": "SPY",
      "action": "sell",
      "allocation_pct": 0,
      "sell_pct": 100,
      "stop_loss": null,
      "take_profit": null,
      "horizon": "intraday",
      "setup": "breakout",
      "conviction": 8,
      "rationale": "Daily close below SMA50 (767.49) invalidates thesis. Price 765.88 is below SMA50.",
      "evidence": [
        "SPY 765.88 < SMA50 767.49"
      ],
      "invalidation": "N/A (exit)",
      "structure_id": null,
      "option": null
    },
    {
      "symbol": "DIA",
      "action": "hold",
      "allocation_pct": 0,
      "sell_pct": 0,
      "stop_loss": 483.7,
      "take_profit": 620.9,
      "horizon": "multi_day",
      "setup": "breakout",
      "conviction": 7,
      "rationale": "Price 522.4 holds above SMA50 (521.86). Thesis intact.",
      "evidence": [
        "DIA 522.4 > SMA50 521.86"
      ],
      "invalidation": "Daily close below SMA50 521.86",
      "structure_id": null,
      "option": null
    },
    {
      "symbol": "IWM",
      "action": "hold",
      "allocation_pct": 0,
      "sell_pct": 0,
      "stop_loss": 277.5,
      "take_profit": 300,
      "horizon": "multi_day",
      "setup": "breakout",
      "conviction": 7,
      "rationale": "Price 284.2 holds above SMA20 (277.5). Thesis intact.",
      "evidence": [
        "IWM 284.2 > SMA20 277.5"
      ],
      "invalidation": "Daily close below SMA20 277.5",
      "structure_id": null,
      "option": null
    },
    {
      "symbol": "SOFI",
      "action": "hold",
      "allocation_pct": 0,
      "sell_pct": 0,
      "stop_loss": 16.95,
      "take_profit": 18.2,
      "horizon": "multi_day",
      "setup": "breakout",
      "conviction": 7,
      "rationale": "Price 17.23 holds above VWAP (17.04). Thesis intact.",
      "evidence": [
        "SOFI 17.23 > VWAP 17.04"
      ],
      "invalidation": "Daily close below VWAP 17.04 or 5-min swing low 16.88",
      "structure_id": null,
      "option": null
    }
  ],
  "watches": [],
  "cancel_watches": [],
  "notes": [
    {
      "subject": "SPY",
      "text": "Sold on invalidation below SMA50 767.49. Price 765.88."
    },
    {
      "subject": "DIA",
      "text": "Hold. Watch SMA50 521.86."
    },
    {
      "subject": "IWM",
      "text": "Hold. Watch SMA20 277.5."
    },
    {
      "subject": "SOFI",
      "text": "Hold. Watch VWAP 17.04."
    }
  ],
  "reply": "SPY invalidated below SMA50 and sold. DIA, IWM, and SOFI held as invalidations remain intact."
}