Things I learned from Fitz: Advisor – the one
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Posted On: 05/29/2017 6:41:42 PM
Things I learned from Fitz:
Advisor – the one who charges money for a piece of stock advice to cover his/her losses on the market.
Advisory Service - an advisor who lost a considerable amount of money and started new business.
Afternoon - a daily chance to give back the money you made that morning (see Friday).
Apprentice - anyone who peers at your screen shortly after you closed a profitable deal.
Average Down - what you have to do if you opened a long position and had to go to the bathroom.
Average Up - what you have to do if you opened a short position and had to go to the bathroom.
Bad Trade/Stupid Trade – an unprofitable deal that someone else carries out which does not fit your trading strategy.
Bottom - (when you have an open long position) the spot where you give up averaging down and sell; (when you have an open short position) the spot where the book recommends you to open a short position.
Break – a pause you take when you have either 2 profitable or 5 unprofitable deals in a row.
Broker - someone who studied hard and has a license to legally lose your money for a minute additional fee.
Canadian – the one who is short any stock you have.
Chart - what you check after you exit trading, trying to understand what went wrong.
Cheap Stock - a stock the price of which will decline as soon as you decide not to open a short position on it.
Confusion - 6 open positions.
Coyote Syndrome - when you feel an irresistible impulse to bite your own arm off so as not to click the mouse again.
Day Trading - trading which you start too late and exit too early.
Double Up – a phrase you employ to explain your open position after you accidentally bought more instead of selling what you had.
Down On The Day - a temporary situation until right after the next deal.
LOL!!!
Advisor – the one who charges money for a piece of stock advice to cover his/her losses on the market.
Advisory Service - an advisor who lost a considerable amount of money and started new business.
Afternoon - a daily chance to give back the money you made that morning (see Friday).
Apprentice - anyone who peers at your screen shortly after you closed a profitable deal.
Average Down - what you have to do if you opened a long position and had to go to the bathroom.
Average Up - what you have to do if you opened a short position and had to go to the bathroom.
Bad Trade/Stupid Trade – an unprofitable deal that someone else carries out which does not fit your trading strategy.
Bottom - (when you have an open long position) the spot where you give up averaging down and sell; (when you have an open short position) the spot where the book recommends you to open a short position.
Break – a pause you take when you have either 2 profitable or 5 unprofitable deals in a row.
Broker - someone who studied hard and has a license to legally lose your money for a minute additional fee.
Canadian – the one who is short any stock you have.
Chart - what you check after you exit trading, trying to understand what went wrong.
Cheap Stock - a stock the price of which will decline as soon as you decide not to open a short position on it.
Confusion - 6 open positions.
Coyote Syndrome - when you feel an irresistible impulse to bite your own arm off so as not to click the mouse again.
Day Trading - trading which you start too late and exit too early.
Double Up – a phrase you employ to explain your open position after you accidentally bought more instead of selling what you had.
Down On The Day - a temporary situation until right after the next deal.
LOL!!!
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