Just found these day trading terms and thought they may be of help to newcomers
Day Trading Terms
Advisor - anyone who charges money for stock advice to cover his losses in the market
Advisory Service - an advisor who lost a very large amount of money and started a new business
Afternoon - the daily opportunity to give back all the money you made that morning (see Friday)
Apprentice - potentially, anyone that looks at your screen just after you get out of a winning trade
Average Down - what you have to do if you were long and had to go to the bathroom
Average Up - what you have to do if you were short and had to go to the bathroom
Bad Trade/Stupid Trade - a losing trade that somebody else does that doesn't fit your strategy
Bottom - (when you are long) the exact spot where you give up averaging down and sell (when you are short) the spot where the book says you should go short
Break - what you take when you have either 2 winners or 5 losers in a row
Broker - somebody that studied hard and has a fancy license to legally lose your money for a slight additional charge
Canadian - anyone who is short any stock you own
Chart - what you check after you exit the trade to try and figure out what went wrong
Cheap Stock - a stock that will go down as soon as you decide not to short it
Confusion - 6 open positions
Day Trade - a trade where you get in way too late and get out way too early
Double Up - phrase you use to explain your open position after you accidentally bought more instead of sold what you owned
Down On The Day - a temporary situation until right after this next trade
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 will go up as soon as you decide not to go long
Expert - new guy who hasn't started trading yet (see Licensed Expert)
Fossil - a really old dude that makes less than 90 trades a day
Freak - anyone who can do three winning trades in a row
Friday - The weekly opportunity to give back everything you made that week (see Afternoon)
Fundamental Analysis - the process of checking to see if you can short a stock
Gap Up - a stock that opens higher than it closed the day before, and will go down if you buy it, but will continue to go up if you short it
Genius - what an Apprentice thinks you are if you luck out 3 times in a row
Halt (stock) - (open position) impending really good news or really bad news, but in either case, the scariest thing ever invented
Highlight - selling into the rally while the guy on TV explains the complex reasons why the stock is special
Home Run - every single trade you consider, tell somebody else about and then don't do yourself
Huge Player - 1. any guy with more than fifteen grand left 2. any trader that's been there for more than three months
Idiot - the fool that gives you his stock to cover your winning short position
INCA - (if long) some creep that puts up a 50,000 share offer right when you go long (if short) the same guy going long
IPO - expensive cyanide
IPO (Internet) - Expensive Cyanide Flambé with Extra Sugar
Joker - a Pro who takes a break and walks around laughing to himself (see Pro, Break)
Level 2 - the level in Hell where the Devil explains an extremely complex way to lose a very large amount of money in a very short period of time
Licensed Expert - a guy with a Series 7 license that hasn't started trading yet
Loudmouth - 1. Anyone that says anything anywhere near you while you are in the middle of a losing trade
2. The new guy that can't seem to pull the trigger and then yells out, "It's running!"
Lucky Trade - a winning trade that somebody else made that doesn't exactly fit your strategy
Lunch Money - what you throw away between 11 a.m. and 1 p.m. Eastern time
Manager - the only day trader who figured out a Never Lose Trading System
Margin - (if you are up) a no risk situation with huge potential return (if you are down) an evil invention by Unseen Forces that tricks you into losing more money than you have
Margin Call - what happens every time your 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 bonehead that buys your winning long position
Moving Average - a wavy line that has nothing to do with price movement if you have an open position
Pain - exiting at a loss, reversing your position on the stock and then watching it go the way you knew it would in the first place
Position Trade - a Day Trade that went the wrong way right after you took the position
Pro - any guy at the trading center who never says anything and is usually smiling (see Joker)
Scalping - losing only an eighth at a time
Secret Trade - any trade that you don't mention to the Apprentice when he asks you how you are doing
Short List - daily list of stocks that will go up and never pull back
Short List Request - request submitted to the clearing firm which contains a list of all stocks that you could short yesterday and can short tomorrow, but not today
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 and your family personally (when you are long) proof you are a genius
Special Situation - when you watch your losing stop limit go by and take a larger position instead of exiting the trade (see Long Term Investment)
Spread (if a winning trade) sharing the wealth (if a losing trade) an evil market maker ripping you off
System Trade - the phrase you use to explain to the Apprentice how your trade didn't work out the way you planned it
Technical Analysis - (traditional) voodoo without the animal blood and chanting (Point and Figure) really weird voodoo without the animal blood and chanting
Top - (when long) the point on the chart where the stock backs off real fast before you get out (when short) the exact spot where you cover
Trainer - the only guy in the room who has never day traded in his entire life
Trend Line - the imaginary line on a price chart that only changes when the market is closed or when you are not looking
Up On The Day - what you are when the market closes, not counting ticket charges
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 either the smartest person on the planet or the biggest idiot (no position) confirmation that you are the smartest person on the planet but you were not paying attention.
Day Trading Terms
Advisor - anyone who charges money for stock advice to cover his losses in the market
Advisory Service - an advisor who lost a very large amount of money and started a new business
Afternoon - the daily opportunity to give back all the money you made that morning (see Friday)
Apprentice - potentially, anyone that looks at your screen just after you get out of a winning trade
Average Down - what you have to do if you were long and had to go to the bathroom
Average Up - what you have to do if you were short and had to go to the bathroom
Bad Trade/Stupid Trade - a losing trade that somebody else does that doesn't fit your strategy
Bottom - (when you are long) the exact spot where you give up averaging down and sell (when you are short) the spot where the book says you should go short
Break - what you take when you have either 2 winners or 5 losers in a row
Broker - somebody that studied hard and has a fancy license to legally lose your money for a slight additional charge
Canadian - anyone who is short any stock you own
Chart - what you check after you exit the trade to try and figure out what went wrong
Cheap Stock - a stock that will go down as soon as you decide not to short it
Confusion - 6 open positions
Day Trade - a trade where you get in way too late and get out way too early
Double Up - phrase you use to explain your open position after you accidentally bought more instead of sold what you owned
Down On The Day - a temporary situation until right after this next trade
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 will go up as soon as you decide not to go long
Expert - new guy who hasn't started trading yet (see Licensed Expert)
Fossil - a really old dude that makes less than 90 trades a day
Freak - anyone who can do three winning trades in a row
Friday - The weekly opportunity to give back everything you made that week (see Afternoon)
Fundamental Analysis - the process of checking to see if you can short a stock
Gap Up - a stock that opens higher than it closed the day before, and will go down if you buy it, but will continue to go up if you short it
Genius - what an Apprentice thinks you are if you luck out 3 times in a row
Halt (stock) - (open position) impending really good news or really bad news, but in either case, the scariest thing ever invented
Highlight - selling into the rally while the guy on TV explains the complex reasons why the stock is special
Home Run - every single trade you consider, tell somebody else about and then don't do yourself
Huge Player - 1. any guy with more than fifteen grand left 2. any trader that's been there for more than three months
Idiot - the fool that gives you his stock to cover your winning short position
INCA - (if long) some creep that puts up a 50,000 share offer right when you go long (if short) the same guy going long
IPO - expensive cyanide
IPO (Internet) - Expensive Cyanide Flambé with Extra Sugar
Joker - a Pro who takes a break and walks around laughing to himself (see Pro, Break)
Level 2 - the level in Hell where the Devil explains an extremely complex way to lose a very large amount of money in a very short period of time
Licensed Expert - a guy with a Series 7 license that hasn't started trading yet
Loudmouth - 1. Anyone that says anything anywhere near you while you are in the middle of a losing trade
2. The new guy that can't seem to pull the trigger and then yells out, "It's running!"
Lucky Trade - a winning trade that somebody else made that doesn't exactly fit your strategy
Lunch Money - what you throw away between 11 a.m. and 1 p.m. Eastern time
Manager - the only day trader who figured out a Never Lose Trading System
Margin - (if you are up) a no risk situation with huge potential return (if you are down) an evil invention by Unseen Forces that tricks you into losing more money than you have
Margin Call - what happens every time your 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 bonehead that buys your winning long position
Moving Average - a wavy line that has nothing to do with price movement if you have an open position
Pain - exiting at a loss, reversing your position on the stock and then watching it go the way you knew it would in the first place
Position Trade - a Day Trade that went the wrong way right after you took the position
Pro - any guy at the trading center who never says anything and is usually smiling (see Joker)
Scalping - losing only an eighth at a time
Secret Trade - any trade that you don't mention to the Apprentice when he asks you how you are doing
Short List - daily list of stocks that will go up and never pull back
Short List Request - request submitted to the clearing firm which contains a list of all stocks that you could short yesterday and can short tomorrow, but not today
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 and your family personally (when you are long) proof you are a genius
Special Situation - when you watch your losing stop limit go by and take a larger position instead of exiting the trade (see Long Term Investment)
Spread (if a winning trade) sharing the wealth (if a losing trade) an evil market maker ripping you off
System Trade - the phrase you use to explain to the Apprentice how your trade didn't work out the way you planned it
Technical Analysis - (traditional) voodoo without the animal blood and chanting (Point and Figure) really weird voodoo without the animal blood and chanting
Top - (when long) the point on the chart where the stock backs off real fast before you get out (when short) the exact spot where you cover
Trainer - the only guy in the room who has never day traded in his entire life
Trend Line - the imaginary line on a price chart that only changes when the market is closed or when you are not looking
Up On The Day - what you are when the market closes, not counting ticket charges
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 either the smartest person on the planet or the biggest idiot (no position) confirmation that you are the smartest person on the planet but you were not paying attention.
