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If 1 point is worth \$12.50, you're trading the **E-mini S\&P 500 Futures (symbol: ES)**. Each tick is 0.25 points and worth \$12.50, so 1 full point = 4 ticks = \$50. This means you're trading 1 contract of ES, not the Micro (MES), which is only \$1.25 per tick.

If 1 point is worth \$12.50, you're trading the **E-mini S\&P 500 Futures (symbol: ES)**. Each tick is 0.25 points and worth \$12.50, so 1 full point = 4 ticks = \$50. This means you're trading 1 contract of ES, not the Micro (MES), which is only \$1.25 per tick.

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