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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Eric P who wrote (3569)9/4/1999 9:47:00 AM
From: Don Pueblo  Read Replies (4) of 18137
 
DAY TRADER'S GLOSSARY OF TERMS

(c) 1999 by cOUSIN SHORTY.com may not be reproduced without permission

Adviser - anyone who charges money for stock advice to cover his losses in the market

Afternoon - the daily opportunity to give back all the money you made that morning (see Friday)

Asshole - anybody that ends the day with a profit

Apprentice - anyone that looks at your screen just after you get out of a winning trade

Averaging Down - what you have to do if you are long and go to the bathroom

Averaging Up - what you have to do if you are short and go to the bathroom

Bad Trade/Stupid Trade - a losing trade that somebody else does that doesn't fit Your Plan

Backup Plan - see Averaging Up and Averaging Down

Broker - somebody that studied hard and has a license to lose your money

Bulletin Board (OTCBB) - the exercise yard at the Graybar Hotel

Canadian - anyone who is short any stock you own

Chair of Woe - the empty chair where the new guy sits next to the pro who trades Internet IPOs

Cheap Stock - a stock that is about to go down

Commission - see Spread

Confusion - 6 open positions

Coyote Syndrome - when you have to chew your own arm off so you don't click the mouse again

Day Trade - a trade where you get in too late and get out too early

Dickhead - anyone that looks at your screen while you are down on a trade

Double Up - your claim to anyone who asks about it after you bought more instead of sold what you owned

Excellent Company - any stock you know nothing about that you make a winning trade on

Excellent Long Term Investment - A Position Trade that went the wrong way right after you took the position

Expensive Stock - a stock that is about to go up

Fossil - an old dude that makes less than 90 trades a day

Freak - anyone who can do three winning trades in a row (see Asshole)

Friday - The weekly opportunity to give back everything you made that week (see Afternoon)

Fundamental Analysis - checking to see if you can short it

Genius - what other people call you if you luck out 4 times in a row

Idiot - the guy that gives you his stock to cover your winning short position

IPO - expensive cyanide

IPO (Internet) - Expensive Cyanide Flambe with Extra Sugar

IPO (NYSE) - loser

Loudmouth - 1. Anyone that says anything anywhere near you while you are trading
2. The guy that just bought 10,000 shares and then yells out, "It's running!"

Lucky Trade - a winning trade that somebody else made that didn't fit Your Plan

Margin - (if you are up) a no risk situation with huge potential return (if you are down) an evil invention by Big Money that forces you to lose more than you own

Margin Call - what happens when the clearing firm makes any sort of accounting mistake

Market Maker - the guy that has the secret video camera set up behind you and takes the other side of every one of your losing trades

Moron - the guy that buys your winning long position

No-Brainer - any good trade you tell somebody else about and don't do

Pain - being down 3/8 on 1000 shares on a stock where the volume dried up and then noticing you missed 4 points on that other trade you were going to do instead

Paper Trade - the trade you tell the new guy about

Partial Fill - a trick the Market Makers use to see if you can do math quickly

Percentage - your winners after you take out a couple of losers

Piece of Shit - any Excellent Company that you have a losing trade on

Position Trade - a Day Trade that went the wrong way right after you took the position

Pro - the guy who never says anything and is usually smiling

Secret Trade - any trade that you don't mention to the new guy who asks you how you are doing

Short Squeeze - (when you are short) when someone you never met and shouldn't really have anything against you tries on purpose to hurt you personally (when you are long) proof you are a genius

Special Situation - when you watch your losing stop limit go by and do nothing (see Long Term Investment)

Spread (if a winning trade) sharing the wealth (if a losing trade) rip-off

System Trade - the phrase you use to explain to a new guy how your trade didn't work

Technical Analysis - voodoo without the animal blood and chanting

Uptick - (if long) added hope (if short) the Market Maker letting everyone else in (if no position) another good chance to lose some money by going short

Volume Spike - (open position) confirmation that you are the smartest person on the planet (no position) confirmation that you are the smartest person on the planet but you don't like the trade
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