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# how does futures calculation work.

Discussion in 'Financial Futures' started by junkone, May 9, 2010.

1. ### junkone

i am watching my ib weekly statement and am confused on how it calculates the profits.
for eg.
ESMO entry 1 short @ 1.164.5 and exit @ 1.165.25 = -41 \$
so how much is a quarter point

YM entry 1 short @ 10705 with exit @ 10698=31\$
so 1 point of YM is smaller than .25 of ES

i am very confused. Pl help to throw more light on how these future works.
i am used to stocks. number gain in stocks times volume = profits. i guess in futures that does not work the same way.

2. ### Surdo

GET ON TO A SIM account first!

Then go here and look up the point value of YM or ES.

hint:

ES = \$50/handle

YM = \$5/handle

PS: If I was drunk, I really would have told you what I was thinking!

3. ### junkone

thanks for not being drunk

4. ### jax88

ES = 12.5/tick
YM = 5/tick

5. ### tomahawk

minus commissions ... there's you're answer.

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