---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/41726245.md"
description: "$QQQ 260611 695 Put(QQQ260611P695000.US)P&L  - Bought 2 contracts @ 3.19: Cost $638  - Bought 1 contract @ 1.25: Cost $125  - Total cost: $763  - Sold 3 contracts @ 1.11: Proceeds $333  - Total loss: $333 - $763 = -$430  - Return: -56.4%  Conclusion: This was a clear rule-breaking trade, not a normal loss. The main issue was that after the first trade was wrong, you didn't cut losses at the structural failure point, and later you added a cheaper Put, turning it into averaging down.  Entry Score: 4/10  There was a basis for the directional call, as QQQ was indeed weakening below 700. However, choosing the 695P was too far out-of-the-money (OTM), leaving too little room for error. The main position for a 0DTE trade shouldn't be too far OTM.  Holding Score: 2/10  The original plan was to admit defeat if QQQ reclaimed 700.76. Later, QQQ rallied to 705+, completely invalidating the Put's logic, and you should have exited earlier. Holding on turned a controllable loss into a large loss.  Exit Score: 4/10  Finally liquidating everything at 1.11 was correct, at least you didn't hold on for even lower prices. However, the exit was too late, turning a tactical stop-loss into a passive one.  Overall Score: 3/10  A $430 loss is about 1.9% of your account, which is relatively large for a single 0DTE trade. More importantly, the process is not repeatable: far OTM, violating structural stop-loss, and averaging down by adding to the position.  Hard Rules for Next Time  1. Set the maximum single 0DTE trade loss to 0.5%-1% of the account.  2. If the first trade is wrong, do not buy a second one in the same direction to average down.  3. Exit if QQQ reclaims the failure level; don't wait for the option price to "look too cheap."  4. Use at-the-money (ATM) or slightly in-the-money (ITM) Puts for the main position, not far OTM ones.The conclusion from today's review is simple: The direction can be wrong, but the stop-loss cannot; averaging down after the first wrong trade was the biggest point deduction in this trade."
datetime: "2026-06-11T14:14:19.000Z"
locales:
  - [en](https://longbridge.com/en/topics/41726245.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/41726245.md)
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author: "[默海笑](https://longbridge.com/en/profiles/15180492.md)"
---

# $QQQ 260611 695 Put(QQQ260611P695000.US)P&L  -…


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## Comments (1)

- **默海笑 · 2026-06-11T14:15:46.000Z**: This time I was a bit foolish, but fortunately I was still rational. The money lost was acceptable before opening the position, but a gambler must follow discipline. Plan your trade, trade your plan.