Glossary
B
ballistic: a stock with such high volume that minuting on it using a 6 tick chart cannot be done, as bars flow too fast. Compare projectile. Contrast sloth.
bar (aka candle): a display of a number of shares (volume), ticks (transactions), or time (duration) for a stock chart.
basal: fundamental.
battling bots: conflicting trading algorithms.
bearish: the anticipatory perspective of price declining. Contrast bullish.
behavior: motivated movement; actions and reactions.
behind the 8 ball: in a disadvantageous or precarious position. Originally derived, in the early 20th century, from a billiards game called pill pool (aka Kelly pool or pea pool), the 8 ball in that game occupies a uniquely dangerous position: if your ball is directly behind the 8 ball, you are blocked. The position is not merely difficult: it is practically impossible. You cannot win by skill alone. The idiom became popularly applied to serious trouble in the 1930s, when the economic Great Depression raged.
belief: a habit of the mind to axiomatically treat an idea as true; confidence in an abstraction as truth.
believer: someone who readily believes.
bet: invest (in a stock); open a position.
beta: a stock’s volatility relative to a broad market index.
bid: the highest price a buyer is willing to pay. Compare ask.
bid-ask spread: ask minus bid; the difference between the lowest price a seller is willing to accept and the highest price a buyer is willing to pay. A lower spread indicates higher liquidity, and a higher spread indicates lower liquidity.
bitcoin: the 1st and most well-known cryptocurrency.
Bite: minuting by primarily using PryPri for entry. Compare Quaff.
black box: a system or device whose workings are unknown, hidden, or too complex to comprehend: but whose inputs and outputs and observable and measurable.
Blue (capitalized): a buy order; the term Blue comes from the “Bid Size” Matrix column, by which you set a long Limit order, is colored blue. Contrast Red.
bottom line: the essential concern.
bourse: French term for a stock exchange.
bracket order: 2 orders that accompany an entry order: a profit target Limit order, to exit once a certain profit target is met; and a Stop loss order, as insurance against catastrophic loss. A bracket order is an 1L/1S OSO order attached to an entry order.
bracket: the price difference between an entry limit order and an OSO profit target Limit order.
bread-and-butter: dependable as a source of profit.
break-even point: the price at which a position is at its entry price.
breakout: going from congestion to a trend; where the price moves decisively beyond consolidation or a swing point, often accompanied by increased volume.
broker-dealer: an entity that trades on behalf of clients (broker) and for themself (dealer).
broker: an entity that trades on behalf of clients.
bug: a software defect.
bullish: the anticipatory perspective of price rising. Contrast bearish.
burgeoning: growing quickly.
buy order: an order to buy a stock. Contrast sell order.