◆ Price is what you pay, value is what you get◆ Support is a zone, not a line◆ Volume confirms moves◆ Risk first, reward second◆ Earnings ≠ cash flow◆ Diversify across uncorrelated risks◆ RSI measures momentum, not direction◆ P/E needs context◆ Price is what you pay, value is what you get◆ Support is a zone, not a line◆ Volume confirms moves◆ Risk first, reward second◆ Earnings ≠ cash flow◆ Diversify across uncorrelated risks◆ RSI measures momentum, not direction◆ P/E needs context

Glossary

Terms, defined plainly

MultiplierFutures: Dollars per point of price movement for one contract (illustrative: ES $50, MES $5).; Lesson: Contract specs, ticks and notional value
Notional valueFutures: Price × multiplier: the economic exposure of one contract.; Lesson: Contract specs, ticks and notional value
Tick sizeFutures: The minimum price increment of a contract; tick value = tick size × multiplier.; Lesson: Contract specs, ticks and notional value