Replies to post #40541 on ETF SWING & DAY TRADING

[glennob]

It is the first, $20 for a point or $5 per .25
Glenn

[LP2]

$5 a tick..that's a fact...4 ticks per point=$20

[woodfish]

The emini increments/value
The "NQ" trades in 1/4 point increments (Known as ticks) and are valued at 5 dollars per tick. So each point is valued at 20 dollars. Trades on Globex
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The "ER2" Russell emini trades in 1/10 increments and are valued at 10 dollars per tick. Each point is valued at 100 dollars. Trades on Globex
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The "ES" or SP500 emini is traded in 1/4 point incrments and are valued at 12.50 per tick or 50 dollars per point. Trades on Globex
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The "YM" Dow emini is traded in 1 point increments and are valued at 5 dollars per tick. Trades on ECBOT
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They are all traded as a quarterly product and expire in March , June , Sept , and Dec. The ES is the most liquid , and they all basically trade 24/6 . Trade opens Sunday nights , and ends Friday afternoon. There is a "reset" period daily from 4:15 to 4:30 for the Globex products.
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The YM trades on ECBOT and opens at 7:15 pm eastern , "resets" between 5pm and 7:15 pm. Trading from Sunday evening to Friday afternoon.
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Hope this helps
Woodfish