Whats the definition of a point?

Discussion in 'Trading' started by tenfly, Feb 15, 2004.

  1. tenfly


    Hey guys,

    I started trading after the Nasdaq switched to dollars and cents from the 1/2 point and all that stuff...I'm reading a technical analysis book, and it's an older one where it refers to points.. When this happens and the price moved 1/4 a point do this..

    What is 1/2 point, 1/8 etc..

  2. In stocks 1 point = $1; in bonds 1 point = $10 (if par value = $1,000).
  3. tenfly


    great, thanks :)