Commonly used market terminologies and their associated concepts part 4
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Table of Contents : Commonly used market terminologies and their associated concepts 1. Commonly used market terminologies and their associated concepts part 1 2. Commonly used market terminologies and their associated concepts part 2 3. Commonly used market terminologies and their associated concepts part 3 4. Commonly used market terminologies and their associated concepts part 4 4. Commonly used market terminologies and their associated concepts part 5 |
Square off:
When you square off, you're saying that you want to close a position. To square off a long position in a stock, you have to sell the stock. Keep in mind that you have to sell the stock when you close a long trade. This sale is not the same as closing a short position. You are just closing out a long position here. In trading, "squaring off" a trade means buying back the stock when you are short it. For your information, when you repurchase it, you are only closing a trade; you are not going long.
Intraday position:
This type of trading situation means that you expect to close it out within the same day. To give you an idea, all short positions in stocks are daily positions.
OHLC:
The words "open," "high," "low," and "close" are used to describe stock prices. The price of a stock at the start of the day is called "open." The price of a stock at its lowest point during the day is called "low," and the price of a stock at its highest point during the day is called "high." The price of a stock at its midnight close is called "close".
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