A speed nock for use with an archery bow includes a first enlarged portion and a second enlarged portion connected via a central portion. The central portion has a maximum dimension smaller than maximum dimensions of the first and second enlarged portions. The central portion is positioned between strands of a bowstring of the bow so that the strands pinch the central portion, at least assisting in holding the speed nock in place along the bowstring. The speed nock can be moved along the bowstring to a selected location that maximizes energy imparted to an arrow shot from the archery bow, and thus the speed of the arrow. A related method of using the speed nock above is also provided.