How many futures contracts can I trade without risking more than a set dollar amount?

How this is calculated

• Dollar risk per contract equals your stop distance in points multiplied by the contract's point value.
• Max contracts equals your maximum dollar risk divided by the dollar risk per contract, rounded down to a whole contract.
• Point value is fixed by the exchange for each contract and is not something you choose. A wrong point value makes every other number in this calculator wrong, so confirm it before you trade.
• Commonly cited point values, as reference only and always subject to change or confirmation with your broker: E-mini S&P 500 (ES) around $50 per point, Micro E-mini S&P 500 (MES) around $5 per point, E-mini Nasdaq-100 (NQ) around $20 per point. Micro contracts generally use a fraction of their full-size counterpart's point value.
• This calculator does not account for margin requirements, overnight margin, exchange fees, or commissions, only the dollar risk defined by your stop.
• Futures are leveraged instruments. A small point move can produce a large dollar swing relative to the margin required to hold the position, so confirm your true dollar risk before sizing up.