NQ · Turnaround Tuesday on MES and MNQ

Simulated micro futures sized in dollars, half the book's equity in each instrument at entry, filled at the close. A trade earns its proxy ETF's total return, SPY's or QQQ's, plus the fund's expense ratio, less the T-bill rate, which the book's equity earns separately; its costs are a tick of slippage and a micro contract's commission a fill, the financing spread for each session held and the roll's cost. The net P&L and the return are after every cost; an open trade's P&L is marked at the latest close, before its exit fill. The size shown is the notional at entry, open or closed: the ledger keeps no contract count once a trade closes.