ELITE Tape | MNQ Futures: The Nasdaq Selloff ELITE Barely Felt

Tuesday delivered the real market's sharpest Nasdaq-focused decline of the week, a broad chip-stock selloff that pulled the Nasdaq Composite down more than 1.3%, roughly double the S&P 500's own drop that day. MNQ futures accounts at Elite Trader Funding, which along with their full-size sibling account for the large majority of ELITE trading activity, barely noticed: Tuesday was ELITE's lightest loss day of the week, by a wide margin.

ETF is a futures prop firm for traders who want uncapped Live Elite payouts. Every one of the five sessions still closed net negative for ELITE accounts this week, a third straight fully red week in a row, and the heaviest of the three.

Micro E-mini NASDAQ-100 (MNQ) and E-Mini NASDAQ-100 (NQ) finished the week separated by less than a quarter of one percent for the single largest ELITE loss, the closest the two instruments have landed in their months-long back-and-forth for that spot. Whether that reflects a genuine convergence between the full-size and micro contracts or ordinary week-to-week variance in a rough stretch for the whole Nasdaq complex, the aggregate data alone cannot say.

Micro E-mini NASDAQ-100 (MNQ) led every instrument in trading volume among ELITE accounts by a wide margin, its usual spot at the top of the board, and has now held the #1 volume spot for 26 consecutive weeks. E-Mini NASDAQ-100 (NQ) held second, followed by Micro E-mini S&P 500 (MES) and Micro Gold (MGC). E-Mini S&P 500 (ES) and Gold (GC) rounded out the index and metals activity, while E-Mini Russell 2000 (RTY), Micro E-mini Dow (MYM), E-Mini Dow (YM), and Silver (SI) closed out the top 10 most traded instruments.

MNQ and NQ together made up the clear majority of all ELITE trading activity this week, which is part of why Tuesday's Nasdaq-led selloff not showing up as ELITE's worst day stands out. Elite Trader Funding's Trade Expectancy Calculator models how a strategy's win rate and reward ratio combine into a real edge over a run of sessions, useful context after a third straight week where every single session closed red. For the full breakdown of instruments ELITE accounts can trade, see ETF's What Instruments Can I Trade guide, and for ticker symbols across contract families, the Forex and Futures Symbol Guide.

Micro E-mini Dow (MYM) led every instrument in profit this week, ahead of E-Mini Russell 2000 (RTY) in second and E-Mini Dow (YM) in third. Micro E-mini Russell 2000 (M2K), Canadian Dollar (6C), Micro Crude Oil (MCL), Platinum (PL), Live Cattle (LE), Nikkei/USD (NKD), and Soybeans (ZS) rounded out the profit list.

The Dow complex landed on the same side of the ledger this week: both Micro E-mini Dow (MYM) and its full-size sibling, E-Mini Dow (YM), finished in the profit column together. That is a change from last week, when the two split, full-size Dow in the black and its own micro contract among the top losses, another reminder that which side of a full/micro pair comes out ahead can flip from one week to the next.

Micro E-mini NASDAQ-100 (MNQ) posted this week's single largest loss, ahead of E-Mini NASDAQ-100 (NQ) in a near dead heat for second, the razor-thin margin covered above. Micro E-mini S&P 500 (MES) took third, followed by Silver (SI) and E-Mini S&P 500 (ES). Micro Gold (MGC), Micro Bitcoin (MBT), CME Bitcoin (BTC), Gold (GC), and Copper (HG) rounded out the top 10 loss instruments.

Last week's recap covered NQ's own turn at the top of this list, NQ Futures Prop Firm: Even a Record Day Landed Red. For the longer-running story behind NQ's presence in the loss column, see NQ Futures Analysis: Sixteen Weeks in the Loss Column.

Every session of the week closed net negative for ELITE accounts, though the size of each day's loss swung hard from one day to the next, and the swing did not track the real market's own direction in a simple way.

• Mon 8/17: Relative volume 2nd highest of the week - Net Loss (Heaviest)
• Tue 8/18: Relative volume middle of the week - Net Loss (Lightest)
• Wed 8/19: Relative volume 2nd lowest of the week - Net Loss (2nd Lightest)
• Thu 8/20: Relative volume lowest of the week - Net Loss (2nd Heaviest)
• Fri 8/21: Relative volume highest of the week - Net Loss (Middle)

Public market reporting shows a week that swung between selloffs and relief rallies, in contrast with ELITE's own book, which stayed red every session regardless of direction. Monday, ELITE's heaviest loss day, coincided with a real market decline as oil prices rose on Middle East tension and the 30-year Treasury yield reached its highest level in decades, with the S&P 500, Nasdaq, and Dow all closing lower. Tuesday, the real market's sharpest single-day decline of the week, chip stocks fell roughly 5.5% and the Nasdaq Composite dropped more than 1.3%, nearly double the S&P 500's own loss that session, coincided with ELITE accounts' lightest loss of the week by a wide margin. Wednesday, bond yields eased after a Treasury debt buyback announcement and the S&P 500, Nasdaq, and Dow all closed modestly higher on the news (a health care stock's trial results drove one of the S&P 500's largest single-day gains in years), ELITE's own session that day landed in the middle of the week's loss range. Thursday, Treasury yields resurged and the Dow fell more than 700 points, its worst session of the week, coincided with ELITE's second-heaviest loss. Friday, the real market recovered modestly even as all three indexes still closed out the week lower overall, snapping a three-week winning streak, on the same session ELITE accounts traded their heaviest volume of the week. None of this is presented as a cause of ELITE accounts' results, only as verified market context for the same calendar days.

Friday carried the week's heaviest trading volume among ELITE accounts, edging out Monday for the busiest session, the same day the real market recovered modestly after two rough sessions. Thursday saw the lightest activity of the week, even though it produced the week's second-heaviest loss. Tuesday's volume ran only moderate, the same session that carried the real market's sharpest Nasdaq-focused selloff, without translating into ELITE's own worst day.

Streaks and frequency data we're watching:

• E-Mini NASDAQ-100 (NQ) has now been a top-10 loss instrument for 26 consecutive weeks, more than six months running.
• Micro E-mini NASDAQ-100 (MNQ) has held the #1 volume spot for 26 consecutive weeks.
• This week MNQ and NQ finished within a fraction of a percent of each other for the #1 loss spot, the closest margin either instrument has posted since they began trading that position back and forth.
• Micro E-mini S&P 500 (MES) has been a top-10 loss instrument for 12 consecutive weeks.
• Micro Gold (MGC) has been a top-10 loss instrument for 7 consecutive weeks.
• Micro Crude Oil (MCL) has been a top-10 profit instrument for 4 consecutive weeks.
• E-Mini Dow (YM) and Micro E-mini Dow (MYM) both landed in the profit column together this week, a reversal from last week's split between the two.

ELITE accounts are sim-funded. The trading activity in these recaps reflects position P/L in sim accounts, not Live Elite payouts. Traders reach an Elite Sim-Funded account either by passing an evaluation or by purchasing Direct to Funding (DTF), which skips the evaluation step, and those who do well may progress to Live Elite, where payouts use real capital and there is no cap.

For a full explanation of how payouts work at each stage, see How Prop Firm Payouts Work: Sim vs Live vs Guaranteed. For daily payout structure specifics, see Daily Payout Prop Firms: How Live Elite Pays You.

ETF is a futures prop firm for traders who want uncapped Live Elite payouts, built on evaluation paths and account options for every stage of that journey. Evaluations are available for every account size, including the End of Day (EOD) Evaluation for traders who want to hold positions without a hard intraday drawdown cutoff. Real trader results, community feedback, and program details are available through ETF's testimonials, rewards program, affiliate program, and trading competitions.

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