What’s a Gap Up, Fill or Kill & Other Stock Terms

Some uncommonly common terms in shares investing simply explained

The Long & Short

Shares Order Types

Market: To trade at whatever is the current market price
Limit: To trade at the limit price or better
Stop: To trade when price passes a certain point
Stop Limit: Combines both Stop & Limit. Once a Stop price is reached, trading to stop at the Limit price
Day: Order terminates at the end of the business day
Good Til Date (GTD): Order is good to be fulfilled until at latest the specified date
Fill or Kill: An order which must be filled immediately or else is cancelled
All or None: Like a Fill or Kill but does not need to be filled immediately

Shares Charting Terms

White Candlestick (aka “green” or “open”)
Closing price higher than the day’s opening price
Black Candlestick (aka “red” or “closed”)
Closing price lower than the day’s opening price
Uptrend
Higher high points & higher low points (HHHL)
Downtrend
Lower high points & lower low points (LHLL)
Sidetrend
Moving sideways between an upper & lower range limit
S&P in a sidetrend for the last number of months

Resistance
Pricing range where further upward movement it is more difficult to breakthrough higher above the level
Support
Pricing range where further downward movement it is more difficult to drop below the level
Gap: Pricing moving up or down significantly with no trades (a break or gap) in between
Gap up example after Clinton cleared by FBI on email charges