What is a "point"?

[Ricter]

I'm in the process of reading Livermore's Reminiscences and he often mentions it. Back in those days prices were incremented by 1/8ths apparently. Does that have anything to do with points?

 

[rhymeswithorang]

$1

 

[ktmexc20]

A "point" is objectively relative to it's contextual unit.
I've noticed that how a point is referenced here on ET, is frequently mis-interpreted.

-kt

 

[Ricter]

Quote from ktmexc20:

A "point" is objectively relative to it's contextual unit.
I've noticed that how a point is referenced here on ET, is frequently mis-interpreted.

-kt

That's exactly why I've been uncertain on this.

 

[wareco]

Here is my definition in the context of stock index futures: the amount of movement of an index necessary to go from one whole number on the index to the next higher or lower whole number on the index.

 

[Algorithm]

"Elite" indeed!

 

[Rhody Trader]

Quote from Ricter:

I'm in the process of reading Livermore's Reminiscences and he often mentions it. Back in those days prices were incremented by 1/8ths apparently. Does that have anything to do with points?

He's saying 1/8th of a $, which means 12.5 cents per share, points in stocks being $1/share.