How many points do you do on the NQ per DAY

arthus · Dec 13, 2003

Up to how many points do you do per day on the NQ.

IndexTrader · Dec 13, 2003

Your poll will not be correct since you did not list a negative option. Another example of looking thru rose colored glasses and "survivorship bias".

newtoet · Dec 13, 2003

I don't trade futures. What is 1 point roughly equal to in a QQQ move?

Nana Trader · Dec 13, 2003

Quote from newtoet:

I don't trade futures. What is 1 point roughly equal to in a QQQ move?

I trade QQQ as well. I think every tick is half point for NQ
which is equal $10, so 1 point will be $20.

and for every tick is quarter point for ES which is equal $12.5,
so 1 point will be $50.

1 contract of NQ is equal around 800shares of QQQ.
1 contract of ES is equal around 500 shares of SPY.

This is how 1 contract of NQ is calculated:
If today NASDAQ 100 stock Index is 1417 point.
Then the value of 1 pit traded NQ contract is
1417 x $20= $28340 Cash value of 1 contract
$28340 / 35.22$ QQQ per share = 804 share of QQQ

Same method for calculating any other e-mini (electronic)
future contract.

newtoet · Dec 13, 2003

So, 40 points on the NQ ~= $800/contact?

Thanks/

Nana Trader · Dec 13, 2003

Quote from newtoet:

So, 40 points on the NQ ~= $800/contact?

Thanks/

Yes, if you make 40 point profit, you have around $800
in your pocket excluding what your commision were for
that day.

dbphoenix · Dec 13, 2003

It would help, arthus, if you were to specify "one contract". Nobody makes 40 NQ pts a day trading one contract.

Nana Trader · Dec 13, 2003

Quote from dbphoenix:

It would help, arthus, if you were to specify "one contract". Nobody makes 40 NQ pts a day trading one contract.

I think he is more concerned how much you are making
than how good you are at trading.

hypostomus · Dec 13, 2003

...the poll said "Liars check the bottom button."

pspr · Dec 13, 2003

Quote from hypostomus:

...the poll said "Liars check the bottom button."

ha ha ha ha ha ha ha.

I think many day traders get trapped into exaggerating their profits. After all, you have to tell the wife something positive to justify your costly trading hobby!

ha ha ha ha ha ha ha

P.S. And it doesn't sound good to tell people that you make less per hour than the kid working at McDonalds.