Explain the terminology, newbies must keep it in mind❗️❗️
* Open a position: buy a little first
* Add a position: buy a little when the price goes up
* Cover a position: buy a little when the price goes down
* Reduce a position: sell a little
* Full position: buy all the money in hand
* Heavy position: buy a lot, don’t have much money in hand
* Half position: still have half of the money in hand
* Light position: not a lot when buying, still have a lot of money in hand
* Explosion: money is gone
* Stop profit: sell when you make money
* Stop loss: sell when you lose money
* Long: borrow money to buy if you are optimistic about the future market
* Short: borrow money to sell if you are not optimistic about the future market, buy back the currency after a period of time to earn the difference
* Chase the rise: buy if you see the currency keeps rising
* Kill the fall: sell quickly if the currency falls too much
* Miss the opportunity: keep rising, but you don’t get on the train
