One point in the "ES" market equals $50 dollars.
(And you can stay in your trade as long as you want to add more points to the trade.)
That is also (4 ticks).
Each tick of movement is $12.50
So 4 ticks in the "ES" equals $50 dollars. 12.50 x 4 = $50 dollars.
My target for the day would normally be (8 ticks) or $100 dollars.
Take out of that commission of course.
Each market or futures trade is a contract. Contracts vary among the various markets.
For now. I trade one contract. Later. When I get more confidence. I will trade two, three or maybe more at a time.
That is where the dollar account value goes up if you get the trade right.
If wrong.
The same negative account balance shows. Ugh on that. Ha
No shoes this trip. She was a happy person though. Some green always helps.
But just being victorious get us happy. lol
Thank you for the greetings for her. I will surely tell her.
Francis