About YM
YM is the $5 Dow Jones futures contract: each point is worth $5 and it moves in 1-point ticks, which makes position sizing very intuitive.
Most active at the New York open and on US macro data.
How to size a YM position
Position size = risk in dollars ÷ (stop distance × value per unit). Example on a $100,000 account risking 1% ($1,000) with a 40 points stop: 5 contracts, which risks about $1,000.
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 YM?
Futures challenge: one evaluation with a 6% target, a trailing drawdown and a maximum number of contracts.
YM trading hours
CME Globex: Sunday 23:00 to Friday 22:00 UTC, with a daily maintenance break 22:00–23:00 UTC.