Wall Street-ese by Mark Rivest
Every trading day we’re bombarded with words and phrases that confuse us rather than help. Here’s a guide for cutting through the fog of Wall Street-ese.
You can become a better trader by translating the words, misconceptions, and clichés of Wall Street. If you’re new to trading, you’ll hear or read certain words used by analysts and commentators that don’t fit the normal definition of those words. Veteran and novice traders alike are routinely subject to misconceptions disguised as brilliant analysis. Most clichés are useless, but there is one that can help time the market. We all want to become better traders, and to do that, our first thoughts lean toward using a different momentum indicator, cycle indicator, trading system, or technique...