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Zero Downtick

A transaction/ trade that takes place at the same price level of a previous transaction/ trade, but in situation where...

Zero Uptick

A transaction/ trade that takes place at the same price level of a previous transaction/ trade, but in situation where...

Uptick

A transaction / trade that is effected at a price exceeding the price of the previous one. The uptick price...

Trailing Stop

An order (specifically, a type of stop order) which has a trailing trigger/ trailing stop: the trigger price (stop price)...

TIF

It stands for time in force; an order that is time-bound: it comes with an instruction that limits the time...

Time Order

An order that is time-bound: it comes with an instruction that limits the time it should be placed and/ or...

Time In Force

An order that is time-bound: it comes with an instruction that limits the time it should be placed and/ or...

Slippage

The difference between the expected fill price and actual fill price of an order/ trade: Slippage = expected fill price...

Valium Picnic

An idiomatic term for a market holiday- that is, where all market activity comes to a halt for a day...

Valium Holiday

An idiomatic term for a market holiday- that is, where all market activity comes to a halt for a day...