Trading Explained

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    Chart - what you check after you exit trading, trying to understand what went wrong.
    System Trading - a phrase you employ to explain to the Apprentice how your trade did not work out the way you meant.
    Break – a pause you take when you have either 2 profitable or 5 unprofitable deals in a row.
    Moving Average - a curly line that has nothing to do with the price movement if you have an open position.
    Trend Line - an imaginary line on the price chart that only changes when the market is closed or when you are not looking.
    Day Trading - trading which you start too late and exit too early.
    Scalping - losing only an eighth in one go.
    Confusion - 6 open positions.
    Friday – a weekly opportunity to give back everything you gained that week.
 
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