Hi, From other posts I understand that 1 ES contract = 500 SPY and 1 NQ contract= 800 QQQ Is that correct? Now 1 ES point = ? SPY and 1 NQ point = ? QQQ Thank you Hamp
only cause you are persistant....... ...if 1 pt in ES = $50...and 500 spy = 1ES..... a $.10 move in SPY is $50. if 1 pt. in NQ = $20.00 and 800 QQQ = 1NQ.... a $.025 move on 800sh = $20. your results, .25 for qqq and .625 for spy would be $200 and $312.5 profit respectively....equivalent to a 10 point move in the NQ and 6.25 in the ES.
1 ES = 1027 X $50 = $51,350/$103.23 SPY = 497 Shares 1NQ = 1379 X $20 = $27,580/$34.26 QQQ= 805 Shares