| Contract | Tick Size | Per Point/Pip Value |
|---|---|---|
| MES (Micro E-mini S&P 500) | $1.25 | $5.00 |
| ES (E-mini S&P 500) | $12.50 | $50.00 |
| NQ (E-mini NASDAQ 100) | $5.00 | $20.00 |
| MNQ (Micro E-mini NASDAQ 100) | $0.50 | $2.00 |
| M2K (E-mini Russell 2000) | $0.10 | $5.00 |
| RTY (Russell 2000) | $5.00 | $50.00 |
| MGC (Micro Gold) | $0.10 | $10.00 |
| GC (Gold) | $10.00 | $100.00 |
| YM (E-mini Dow Jones) | $5.00 | $5.00 |
| MYM (Micro E-mini Dow Jones) | $0.50 | $0.50 |
SHORT position in MES (Micro E-mini S&P 500), initiated at a purchase price of 4300.4360, resulting in a 60-point movement against the trader's SHORT position.MES at $5 as per above table, the trader's current Profit and Loss (PNL) stands at $300 (60 points x $5 per point).$5 for each 1-point increase in the price because trader is in the SHORT position.1 SHORT quantity.$10, meaning that every point's movement will now impact the PNL by $10.4330, requiring the price to decrease to this level instead of the initial 4300 for the trader to break even.Attention: When considering whether to take a Long or Short position on any financial instrument, it is crucial to adeptly compute the average price. Exercise utmost caution during the averaging process, avoiding hasty decisions. Understand that with each quantity added to your position, the price per point will increase. Take the time to evaluate the implications of averaging before proceeding.
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