GA: It's always exactly 800 qqq's = 1 naz e mini 1 e-mini ndx point = $20 qqq price = ndx/40 1 emin point / 40 = $0.025 equivalent position in qqq's needed to equal 1 emin contract move $ 0.025 * 800 shares = $20
The value of one e-mini nasdaq 100 is $20 times the current value of the future itself, which is effectively the same as the NDX.
So what's wrong? The multiplier is the same, $20 * future or index, whatever, there's a basis, but the equivalency is always the same - 800 shares per e-mini. Not 850, not 750, 800. Unless the CME changes the multiplier...
A move on the QQQ is approx 1/40 of a move on the NQ ( naz emini ). In other words a .30 move on the QQQ is equal to a 12 point futures move. The NQ's move in $20 per contract, per point, increments. 800 shares QQQ X .30 = $240 1 NQ contract X 12 points = $240 commission is less on Futures but as your size increases it is near the same as trading the QQQ with size. Allen ----------------------- " Genius begins great works, labor alone finishes them " ---Joseph Joubert
I didn't say anything about every year, last year it returned 150% from the long side, and about 800% from the short side. And it's freely available on the internet. Just not from me
Ahhhh, I couldn't help myself but to watch with high hopes of learning something on this thread.. dang