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| Scalp |
To trade for small gains. It normally involves establishing and liquidating a position quickly, usually within the same day. scenario analysis The use of horizon analysis to project bond total returns under different reinvestment rates and future market yields. |
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| Settled (Closed) Position |
closed positions for which all needed transactions has been made. |
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| Secondary market |
The market where securities are traded after they are initially offered in the primary market.
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| Sell limit order |
conditional trading order that indicates that a, security may be sold at the designated price or higher |
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| Selling short |
A trade in which the investor (working through a broker) borrows a security, sells it, repurchases it at a later time, and then returns it to the party who initially loaned the security. If the price has fallen, the short seller profits. When the security is returned, the investor is said to have "covered the short position."
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| Settlement date |
Also called the delivery date, the designated date at which the parties to a futures contract must transact.
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| Settlement Price |
A figure determined by the closing range which is used to calculate gains and losses in futures market accounts. Settlement prices are used to determine gains, losses, margin calls, and invoice prices for deliveries |
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| Short |
One who has sold a contract to establish a market position and who has not yet closed out this position through an offsetting purchase; the opposite of a long. |
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| Slippage |
execution of order for a price different than expected (ordered), main reasons for slippage are - “fast” market, low liquidity and low broker’s ability to execute orders. |
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| Specialist |
On an exchange, the member firm that is designated as the market maker (or dealer for a listed common stock. Only one specialist can be designated for a given stock, but dealers may be specialists for several stocks. In contrast, there can be multiple market makers 'in the OTC market. |
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| Speculator |
One, who attempts to anticipate price changes and, through buying and selling contracts, aims to make profits. A speculator does not use the market in connection with the production, processing, marketing or handling of a product. |
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| Spot month |
The nearest delivery month on a futures contract. |
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| Spot price |
The current market price of the actual physical commodity. Also called cash price |
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| Spread Trade |
The simultaneous purchase and sale of separate futures or options contracts for the same commodity for delivery in different months. |
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| Spread |
difference between ask and bid prices for a currency pair. |
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| Stop-Limit Order |
order to sell or buy a lot when the market reaches certain price. Usually is a combination of stop-order and limit-order.
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| Stop-Loss Order |
order to sell or buy a lot for a certain price or worse. It is used to avoid extra losses when market moves in the opposite direction |
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| Support |
price level for which intensive buying can lead to the price decreasing (down-trend).
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