Definition. Families of index futures listed on the CME. The E-mini is the standard version, and the Micro E-mini is ten times smaller.
How it works
The most popular E-mini contracts are ES (S&P 500), NQ (Nasdaq 100) and YM (Dow). The micro contracts MES, MNQ and MYM were introduced in 2019 to lower the barrier to entry for smaller participants.
Example
One point on YM is $5, and on MYM $0.50. A 100-point move is $500 on YM and $50 on MYM.
What to watch out for
A smaller contract means a smaller value, but not smaller risk in percentage terms. Micro contracts are less liquid than full-size ones.
You'll find the full explanation with graphics, examples and exercises in the 🖥️ Order flow atlas space, and its use in the live market in the 🔴 Live Room. Both are available to Club members (in Polish).
