About Lesson
Trading Slang and Vernacular
| AH | After Hours |
| ATH | All Time High |
| BP | Buying Power. Basically the free amount of capital in your trading account that can be applied to a trade. |
| BTD | Buy The Dip. |
| BTFD | Buy The Fucking Dip. |
| BTMFD | Buy The Mother Fucking Dip. |
| Close | Same as Exit. As in Close your Position. As in exit the trade. As in gtfo. |
| Clown | If you don’t know what this is, you probably are one. |
| Daytrade | A trade that is opened with the intent of closing it on the same day. |
| Diamond Hands | You didn’t sell and held your position through some serious shit. |
| Entry | The price the trade was opened at. |
| ER | Earnings Report. Refers to when a company will be disclosing their quarterly earnings report. |
| Exit | Same as Close. As in Close your Position. As in exit the trade. As in gtfo. |
| Fire | Good/excellent/exciting. Also one of Brett’s top 5 favorite words. |
| Gandalf | The Trading Wizard himself. Vinny is a god in his own realm. |
| GOAT | Greatest of All Time. Dario’s real name. Has zero reference to his sexual orientation. |
| Heavy | Same as Load the Boat. Means to open a larger position size than you normally would. |
| Iron Hands | You didn’t sell and held your position through some shit. |
| Light | Means to open a smaller position size than you normally would. |
| Lit | Good/excellent/exciting. Can also mean drunk/wasted. But in here, it’s mostly the first definition. |
| Load the Boat | Same as Heavy. Means to open a larger position size than you normally would. |
| Long | You think the stock is going to go up. |
| Not Uncertain | Certain. |
| Paper Hands | You sold and exited your position as soon as a deer farted. |
| Runner(s) | A small part of your position you have left after trimming several times. You hold these at little to no risk (because of said trims) just in case price continues to run in the direction of your trade. Also someone who skimps out on paying their restaurant bill. |
| Scalp | A trade that is opened with the intent of closing it within a few minutes/hours. |
| Set | To appoint, or fix (like set your alarm). If we say Set, it means to place this order in your broker and wait for it to hit. This could be an entry, a trim, or an exit. |
| Short | You think the stock is going to go down. |
| SL | Same as Stoploss/Stop. Refers to the predetermined price where you fully exit your position. |
| Stonk(s) | Stocks, but misspelled on purpose and in a somewhat derogatory manner. |
| Stop | Same as SL/Stoploss. Refers to the predetermined price where you fully exit your position. |
| Stoploss | Same as SL/Stop. Refers to the predetermined price where you fully exit your position. |
| Swing | A trade that is opened with the intent of closing it within a few days/weeks. |
| Tendies | Profits/Gains (Gainz)/Money. Short for Chicken Tenders. |
| Trim | To cut away or cut off a part of something. Refers to a part of your position. If you have multiple contracts/stocks, you trim by closing out a portion of your position. If you only have one contract/stock, you can either exit fully, or hold on. It’s up to you. |
| YOLO | You Only Live Once. Plays marked with YOLO are ‘swing for the fence’ types, and should only be entered if your account size can afford the risk, or if you are playing with house money. Typically, the entire position size is the stoploss. |