$QQQ 260702 724 Put(QQQ260702P724000.US)

I did two rounds of trading back and forth today. I don't want to bet on whether it will rise or fall later. I really don't understand it. There's no choice but to make money within my circle of competence.

Score: 7.6. You actually did two segments this time:

First segment: Call

Buy:

- Bought 1 Call at 1.86

- Bought 1 Call at 2.04

Sell:

- Sold 2 Calls at 2.18

Profit: 436 - 390 = +46 USD

Return: +11.8%

Second segment: Put

Buy:

- Bought 1 Put at 1.81

Sell:

- Sold 1 Put at 2.26

Profit: 226 - 181 = +45 USD

Return: +24.9%

Total P&L

Total Profit: +91 USD

Total Investment: 390 + 181 = 571 USD

Overall Return: +15.9%

Chart Analysis

1h: QQQ rebounded to the 735-736 resistance level and then fell back. The overall larger timeframe is range-bound, not a one-way trend.

5m: First pulled up from around 720 to 730, then failed in the 729-730 area and fell back, subsequently breaking below 726/725.

So the day was actually: first trading the rebound with Calls, then trading the failed breakout with Puts. The thinking is sound.

First segment Call score: 7/10

Strength: You traded Calls during the rebound from around 720, with a directional basis.

Deduction: The second contract added at 2.04 was a bit of a chase. Selling at 2.18 and exiting quickly shows you knew the overhead resistance was near and the upside was limited. This exit was correct.

Second segment Put score: 8.3/10

This one is better.

QQQ surged to 729-730 and then failed, falling back below the moving average. The Put followed the failed breakout. 1.81 -> 2.26, +24.9%, very standard.

Overall score: 7.6/10

Good profit. The best part is: You didn't have a one-sided obsession. After profiting from the Calls and seeing the structure weaken, you were able to execute the switch to Puts.

Deduction points:

1. Switching directions back and forth on the same day can lead to overtrading.

2. The second Call contract was a slight chase.

3. After making a total of +91 USD, it's best not to continue trading today.

Today's conclusion: First half 7 points, second half 8.3 points, overall 7.6 points.

If you stop here today, this was a very good set of intraday trades.