MNQ Micro Nasdaq Futures Journal
MNQ at $2 per point gives you Nasdaq-100 exposure with reduced risk. TradeRipper auto-captures every MNQ trade on Tradovate with exact P&L including fees.
The Micro Nasdaq (MNQ) is the smaller sibling of NQ, trading at $2 per point ($0.50 per tick). It offers the same volatility characteristics as NQ but with a smaller notional value — perfect for scaling in and out, testing strategies, or trading prop firm evaluations.
TradeRipper handles MNQ's $2/point multiplier automatically and includes all Tradovate commissions. For MNQ scalpers, seeing net P&L per trade is critical — a 10-point scalp ($20 gross) minus $2 in commissions is only $18 net. That 10% commission drag compounds fast.
Use the analytics dashboard to track your MNQ performance over time. Filter by setup type to see which strategies work best on Nasdaq volatility, or compare your MNQ results with other micro contracts.
What TradeRipper Gives You
- MNQ multiplier ($2/point) applied automatically
- Commission tracking per trade
- Auto-capture for Tradovate on TradingView
- Volatility-aware analytics
- Compare MNQ vs NQ performance
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Frequently Asked Questions
What is the MNQ multiplier?
MNQ is $2 per point ($0.50 per tick). One-tenth of the full NQ contract.
Why is commission tracking important for MNQ?
MNQ moves are worth less per point than NQ. A $2 commission on a $20 gross profit is 10%. Without tracking net P&L, you might think a strategy is profitable when commissions are actually eating your edge.