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Point Value (NQ & MNQ)
What one full point of movement is worth per contract: $20 on NQ, $2 on MNQ.
What it is
Every futures contract has a fixed dollar value per point of price movement. For Nasdaq futures, one NQ point is $20 per contract and one MNQ (micro) point is $2. Ticks are quarter points: $5 on NQ, $0.50 on MNQ.
Why it matters
Position sizing starts here. A 35-point stop on one NQ contract risks $700; on one MNQ it risks $70. Traders blow accounts by sizing in contracts instead of dollars.
NQ example REAL SCENARIO
With a $500 max risk and a 35-point stop, the position-size math is $500 ÷ (35 × $2) = 7 MNQ contracts — not 'one NQ because it's only one contract'.