About NQ
NQ tracks the Nasdaq-100 and is the favourite contract of many futures day traders thanks to its range. Each point is worth $20 per contract; a tick of 0.25 is $5.
The New York open and big-tech earnings weeks bring the largest moves.
How to size a NQ position
Position size = risk in dollars ÷ (stop distance × value per unit). Example on a $100,000 account risking 1% ($1,000) with a 12 points stop: 4 contracts, which risks about $960.
The order panel has a built-in risk calculator: enter your % risk and your stop loss and it sizes the position for you.
Which challenge to trade NQ?
Futures challenge: one evaluation with a 6% target, a trailing drawdown and a maximum number of contracts.
NQ trading hours
CME Globex: Sunday 23:00 to Friday 22:00 UTC, with a daily maintenance break 22:00–23:00 UTC.