ZERO EXPERIENCE? START HERE.What are you
What are you
actually doing?
A trade has a start and an end. Let's make the bit in between simple.
1:12 · Four small steps · AI narrationPause and repeat any time
YOUR TURN · MOVE THE PRICE
Same move. Different result.
Choose Long or Short. Move the exit price and watch the money change. The entry stays at 20,000.
Swipe the diagram sideways to read the labels.
One MNQ contract. Gross results exclude fees and slippage. This is an illustration, not an order.
QUICK CHECK
One MNQ moves 4 points against you. What is the gross loss?
New words, in ordinary English
- Trade
- An opened position followed by a close.
- Entry
- The price at which a position opens.
- Exit
- The price at which it closes.
- Long
- Buy to open; benefits from a rise.
- Short
- Sell to open; benefits from a fall.
- Point
- One whole price unit on this futures chart.
- Tick
- The smallest permitted price step. MNQ: 0.25 points.
- Contract
- One standardised unit of the futures product.
- Gross
- Before fees and other trading costs.
- Margin
- Collateral required by the broker or exchange; not a loss limit.
Contract facts: CME Micro E-mini Nasdaq-100 specifications.
KEEP BUILDING, ONE IDEA AT A TIME
Next: what is a candle telling you?
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