N00b ?: What's a "tick" anyway?

Discussion in 'Trading' started by Ricter, Aug 28, 2005.

  1. Ricter


    I don't daytrade so...

    Is it like a point? Some correspondence to a percent?
  2. a tick is the smallest price change for the instrument. For most stocks, that's .01.
  3. That's right, but for futures it depends on which one you're talking about. For the e-mini S&P( ES ), a tick is a 1/4 point, which is worth $12.50, making a full point worth $50.00 per contract. For the Russell 2000 (ER ) a tick is a tenth of a point, and each tick is worth $10.00.
  4. Yes, and here is the picture of a tick - better know as a market maker fading the 50 lot you just thru at the YM during a midday breakOut...