TIMESTAMPS
00:01 – INTRO
01:08 – UTILITY
Position sizes
Contract sizes
Contract rollovers
Managing trades on ATAS/Apex
ES Futures contracts are traded through the Chicago Mercantile Exchange, better known as CME.
Contract sizes are $50 multiplied by the S&P 500 index price.
This amount equals the “notional value” of a position.
Ex. Index price 4000 x $50 multiplier = $200,000 notional value.
Futures prices have a minimal fluctuation, also known as a “tick”.
Tick sizes are among the contract specifications set by the CME, and they are calibrated to encourage efficient, liquid markets through a tight bid/ask spread.
For ES, there are 4 ticks per point, or dollar move. Each tick move is worth $12.50.
10:34 – IMPLEMENTATION
A few examples include:
Trader A enters a long/buy position at 4000 for 1 contract and exits at 4004.
This is a 4 point move with 4 ticks per point totaling 16 ticks. 16 x $12.50 = $200 profit.
Fees vary per broker but are commonly between $4-6 per round turn (open + close).
Futures contracts have expiration dates each quarter of the year.
These contracts are cash settled as opposed to stocks that trade in perpetuity, hence the reason for the rollover each quarter.
🔎 15:13 The ATAS trading dashboard is shown and explained in detail.
🔎 16:32 Here is shown the Level 2 Depth of Market or DOM.
🔎 18:52 How to create a portfolio group in ATAS for copy trading.
📑 20:57 Common mistakes with copy trading on ATAS.
28:27 – TIPS & TRICKS
★ ES is one of the most liquid assets available to trade.
★ The cornerstone of the stock market has always been the S&P 500 index. E-Mini Futures allow traders with less capital to trade alongside larger firms.
28:54 – FINAL THOUGHTS