50 questions. Mostly math. Get these right and you'll never second-guess your profit or loss again.
✦This quiz is calculation-heavy on purpose. By the end, converting ticks to points to dollars should feel automatic. You should be able to size a stop loss, count your profit or loss, and know exactly how many contracts you can afford without reaching for a calculator. Every wrong answer shows you the full math breakdown so you learn from it.
Quick Reference (memorize these)
1 tick0.25 pts
1 point4 ticks
NQ tick value$5.00
MNQ tick value$0.50
NQ point value$20.00
MNQ point value$2.00
0
Correct
0
Wrong
0%
Accuracy
50
Remaining
0% complete50 questions
⏱ 00:00Elapsed
📏
Part 1: Counting Ticks & Points
Given two prices, can you count the move?
How to Solve These
Step 1: Subtract the two prices
Step 2: Points = the difference
Step 3: Ticks = points ÷ 0.25 (or points × 4)
Question 01 CALC
Price moves from 19,500.00 to 19,503.50. How many ticks?
A.3.5 ticks
B.12 ticks
C.14 ticks
D.7 ticks
Question 02 CALC
Price moves from 13,750.00 to 13,751.75. How many ticks?
A.1.75 ticks
B.7 ticks
C.4 ticks
D.5 ticks
Question 03 CALC
Price drops from 25,842.50 to 25,830.75. How many points is that move?
A.12.25 points
B.11.75 points
C.12.00 points
D.47 points
Question 04 CALC
Price moves from 19,500.00 to 19,507.25. How many ticks?
A.7 ticks
B.29 ticks
C.28 ticks
D.30 ticks
Question 05 CALC
How many points is 36 ticks?
A.9.00 points
B.8.00 points
C.144 points
D.36 points
Question 06 CALC
How many ticks is 15.75 points?
A.60 ticks
B.63 ticks
C.16 ticks
D.64 ticks
Question 07 CALC
Price goes from 20,225.75 to 20,218.50. How many ticks did it drop?
A.28 ticks
B.29 ticks
C.30 ticks
D.7.25 ticks
Question 08 CALC
NQ is at 19,500.00. What price is exactly 20 ticks higher?
A.19,520.00
B.19,505.00
C.19,510.00
D.19,504.00
Question 09 CALC
Price moves from 18,999.75 to 19,005.50. How many ticks?
A.22 ticks
B.23 ticks
C.24 ticks
D.5.75 ticks
Question 10 CALC
You see a move from 21,340.25 to 21,348.00. How many points and ticks?
A.7.75 pts / 31 ticks
B.8.25 pts / 33 ticks
C.7.75 pts / 28 ticks
D.8.00 pts / 32 ticks
Question 11 CALC
A 40-tick stop loss equals how many points?
A.10 points
B.8 points
C.160 points
D.40 points
Question 12 CALC
NQ at 20,100.00. What price is 32 ticks lower?
A.20,092.00
B.20,068.00
C.20,096.00
D.20,097.00
💰
Part 2: Dollar Value & Profit/Loss
Turn those ticks and points into dollars. The formula: ticks x tick value x contracts.
How to Solve These
Step 1: Count the ticks (points × 4)
Step 2: Ticks × tick value = profit or loss per contract
Step 3: Multiply by # of contracts for total NQ = $5/tick · $20/point | MNQ = $0.50/tick · $2/point
Question 13 CALC
10 ticks in your favor on NQ (1 contract). How much did you make?
A.$10
B.$50
C.$100
D.$200
Question 14 CALC
10 ticks against you on MNQ (1 contract). How much did you lose?
A.$50
B.$10
C.$5
D.$2.50
Question 15 CALC
You buy 1 NQ at 19,500.00, exit at 19,512.50. Profit or loss?
A.+$125
B.+$250
C.+$62.50
D.+$500
Question 16 CALC
You buy 1 MNQ at 20,100.00, exit at 20,115.50. Profit or loss?
A.+$15.50
B.+$62.00
C.+$31.00
D.+$155.00
Question 17 CALC
NQ long at 15,200.00, price drops to 15,198.75. Loss per contract?
A.$5
B.$12.50
C.$25
D.$20
Question 18 CALC
MNQ: 10-point move in your favor, 1 contract. Profit?
A.$10
B.$20
C.$5
D.$200
Question 19 CALC
NQ: 50-point move against you, 1 contract. Loss?
A.$250
B.$500
C.$1,000
D.$100
Question 20 CALC
You short 2 NQ at 19,800.00, cover at 19,785.00. Total Profit or loss?
A.+$150
B.+$300
C.+$600
D.+$30
Question 21 CALC
You long 3 MNQ at 19,450.00, exit at 19,462.25. Total Profit or loss?
A.+$24.50
B.+$73.50
C.+$36.75
D.+$147.00
Question 22 CALC
You short 4 MNQ at 20,350.00, cover at 20,338.75. Total Profit or loss?
A.+$22.50
B.+$45.00
C.+$90.00
D.+$180.00
Question 23 CALC
You buy 1 NQ at 18,750.00, price drops to 18,732.25. Loss?
A.-$177.50
B.-$355.00
C.-$71.00
D.-$17.75
Question 24 CALC
You long 2 MNQ at 19,600.00, exit at 19,588.50. Total Profit or loss?
A.-$11.50
B.-$23.00
C.-$46.00
D.-$115.00
Question 25 CALC
You short 1 NQ at 21,000.00, price rises to 21,008.75. Profit or loss?
A.-$175.00
B.-$43.75
C.+$175.00
D.-$87.50
Question 26 CALC
You long 5 MNQ at 19,750.00, exit at 19,770.00. Total profit?
A.+$40
B.+$100
C.+$200
D.+$400
🛑
Part 3: Stop Loss & Position Sizing
Can you calculate your risk, place your stop, and figure out how many contracts you can afford?
How to Solve These
Stop distance: entry price − stop price = points at risk
Risk per contract: points × dollar/point (or ticks × tick value)
Max contracts: max risk ÷ risk per contract (round DOWN)
Risk:Reward: reward distance ÷ risk distance
Question 27 CALC
Max risk $200 on NQ, 1 contract. How many points is your max stop loss?
A.40 points
B.20 points
C.10 points
D.8 points
Question 28 CALC
NQ long at 13,500, $200 max risk, 1 contract. Where is your stop?
A.13,490
B.13,480
C.13,492.50
D.13,495
Question 29 CALC
NQ long at 15,250, stop at 15,235, max risk $600. How many contracts?
A.1
B.2
C.3
D.4
Question 30 CALC
MNQ short at 13,400, stop at 13,420, max risk $250. How many contracts?
A.4
B.5
C.6
D.8
Question 31 CALC
NQ long at 13,600, stop at 13,588.50, max risk $625. How many contracts?
A.1
B.2
C.3
D.4
Question 32 CALC
MNQ long at 20,000, stop at 19,988. Risk per contract?
A.$24.00
B.$12.00
C.$48.00
D.$6.00
Question 33 CALC
Max risk $150 on MNQ. Stop is 7.5 points from entry. How many contracts?
A.8
B.10
C.20
D.5
Question 34 CALC
NQ short at 20,500, stop at 20,512.50. Risk per contract?
A.$125
B.$250
C.$62.50
D.$500
Question 35 CALC
You want to risk exactly $100 on NQ. How many ticks can your stop be?
A.10 ticks
B.20 ticks
C.40 ticks
D.50 ticks
Question 36 CALC
MNQ long at 19,800, SL at 19,790, TP at 19,820. Risk:reward ratio?
A.1:1
B.2:1
C.3:1
D.1:2
Question 37 CALC
NQ long at 18,400, SL at 18,392.50, TP at 18,422.50. Risk:reward?
A.2:1
B.3:1
C.2.5:1
D.4:1
Question 38 CALC
Max risk $500 on NQ. Stop is 8.75 points. How many contracts? (round down)
A.2
B.3
C.4
D.5
Question 39 CALC
Max risk $80 on MNQ. Stop is 16 ticks. How many contracts?
A.5
B.8
C.10
D.16
Question 40 CALC
You long 3 NQ at 19,000, stop at 18,993.75. Total risk if stopped?
A.$125
B.$187.50
C.$375
D.$562.50
📝
Part 4: Theory & Mixed Scenarios
A few key concepts plus multi-step scenario questions that combine everything.
Question 41 THEORY
What is the main difference between hedging and speculation?
A.Hedging is for stocks only, speculation is for futures only
B.Hedging protects against risk, speculation seeks profit from price moves
C.They are the same thing
D.Hedging uses leverage, speculation does not
Question 42 THEORY
What does "cash settled" mean for NQ/MNQ futures?
A.You must deposit cash before every trade
B.No physical delivery. The price difference is settled in cash.
C.You can only withdraw profits in cash
D.The contract expires at zero value
Question 43 THEORY
What happens to NinjaTrader margins 15 minutes before CPI or FOMC?
A.They stay the same
B.They increase to 4x the normal rate
C.They are cut in half
D.Trading is halted entirely
Question 44 THEORY
What is the day margin for 1 MNQ contract on NinjaTrader?
A.$50
B.$100
C.$500
D.$1,000
Question 45 THEORY
Why should you never move your stop loss further away from entry?
A.It costs extra in commissions
B.It turns small, planned losses into bigger, emotional losses
C.Your broker charges a fee to modify orders
D.It changes the contract type you're trading
Question 46 CALC
You take 2 MNQ trades today (1 contract each). Trade 1: +14 ticks. Trade 2: -8 ticks. Net Profit or loss?
A.+$3.00
B.+$6.00
C.+$11.00
D.+$22.00
Question 47 CALC
NQ long at 19,250, TP at 19,272.50, 2 contracts. If TP hits, total profit?
A.$450
B.$900
C.$225
D.$300
Question 48 CALC
Same trade: NQ long at 19,250, SL at 19,242.50, 2 contracts. If SL hits, total loss?
A.-$75
B.-$150
C.-$300
D.-$375
Question 49 CALC
$1,000 account, 2% risk per trade ($20). MNQ stop is 5 points. How many contracts?