[strtedat22]

hello all,

what type of strategy can be used for QQQQ. my setups are similiar to soultrader but for individual stocks. Pivot Points, tape, support/resistance level of previous day. will this work for QQQQ?

Thanks

[wanr]

Hi, I'm getting interested in the QQQ and added as a new instrument in Ninja Trader.

I'm not sure I did it right. What is the Tick value for the QQQ? The minimum move is 0.01 point, the minimum amounts seems to be 100 shares and QQQ is directly quoted in USD. Does it mean that if you buy 100 shares and the QQQ move by 0.01 point the P&L is 1 USD?

It seems very low but would be great for me as I'm looking for some low risks instruments to play with, with the goal to contimue learning by switching from paper trading to real trading at low risks (ideally limit my loss to 10-20 USD per day is reasonnable for learning with real money).

Do you know other instruments that would have low risks (in terms of average possible loss per day in money) and would be suitable to trade for real while learning?

[Tams]

Originally Posted by wanr »

Hi, I'm getting interested in the QQQ and added as a new instrument in Ninja Trader.

I'm not sure I did it right. What is the Tick value for the QQQ? The minimum move is 0.01 point, the minimum amounts seems to be 100 shares and QQQ is directly quoted in USD. Does it mean that if you buy 100 shares and the QQQ move by 0.01 point the P&L is 1 USD?

It seems very low but would be great for me as I'm looking for some low risks instruments to play with, with the goal to contimue learning by switching from paper trading to real trading at low risks (ideally limit my loss to 10-20 USD per day is reasonnable for learning with real money).

Do you know other instruments that would have low risks (in terms of average possible loss per day in money) and would be suitable to trade for real while learning?

where is QQQ traded?

[wanr]

In the Nasdaq.

QQQ POWERSHARES QQQ TRUST NASDAQ STOCK

QQQ
The ticker symbol and Wall Street name for the exchange-traded fund based on the Nasdaq 100 Index. This fund, traded on the American Stock Exchange and the New York Stock Exchange, serves as a proxy for large-cap Nasdaq stocks, including Microsoft, Oracle, Cisco, and Intel. Also called cubes.

[wanr]

QQQ

Definition
The Nasdaq 100 Index Tracking Stock. The QQQ is an Exchange Traded Fund which allows investors to essentially invest in all of the stocks that make up the Nasdaq 100 in a single security.

[JEHs]

Originally Posted by wanr »

Hi, I'm getting interested in the QQQ and added as a new instrument in Ninja Trader.

I'm not sure I did it right. What is the Tick value for the QQQ? The minimum move is 0.01 point, the minimum amounts seems to be 100 shares and QQQ is directly quoted in USD. Does it mean that if you buy 100 shares and the QQQ move by 0.01 point the P&L is 1 USD?

It seems very low but would be great for me as I'm looking for some low risks instruments to play with, with the goal to contimue learning by switching from paper trading to real trading at low risks (ideally limit my loss to 10-20 USD per day is reasonnable for learning with real money).

Do you know other instruments that would have low risks (in terms of average possible loss per day in money) and would be suitable to trade for real while learning?

The answer is yes. One tick is one penny per share as it is on any stock or ETF. This is not like futures where every one has a little different tick value. So if 100 share moves 1 penny or one tick, it equates to one dollar.