What do the following terms mean?

Discussion in 'Beginners Guide' started by uvn, Apr 30, 2008.

  1. uvn

    uvn New Member

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    1. While trading equities, what do RL, SL, ST, NT, OL, AU and ALBM mean?

    2. What does the vadility type of EOSESS, EOTODY and EOSTLM mean? In the same category, DAY, GTD(DAYS), GTD(dd/mm), GTC and IOC mean?

    3. What does squaring off mean?

    4. What is the difference between variable margin and exposure margin?

    5. What does MTMP and MTML mean?

    6. What is the difference between first-leg and second-leg trading?
     
  2. sudoku1

    sudoku1 Well-Known Member

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    friend.....would have been better if u had asked one by one...:)
     
  3. uvn

    uvn New Member

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    Well, do you know what those terms mean?
     
  4. sudoku1

    sudoku1 Well-Known Member

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    sl:stop loss
    albm:automated lending & borrowing mechanism
    eosess:end of session
    eotody:end of today's session
    eostlm:end of settelment
    mtmp: mark 2 mkt price
    mtml:mark 2 mkt loss

    first leg means from preopening 2 mid session & then from mid 2 end session:)
     
  5. uvn

    uvn New Member

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    Thanks for replying. I am still a little confused. I think an example would explain the terms. If I were to buy 100 shares of XYZ, then how would albm play its role?

    What is the duration for eosess and eostlm?

    I hope these qestions don't sound foolish, I've not even begun trading yet. I wasn't able to search for them google, usually the link would point to traderji itself, and the threads were mostly non-informative.

    The first leg gets over at 1PM? So the legs only apply to day trading?
     
  6. varunkryadav

    varunkryadav New Member

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    1)ALBM is when ur doing short selling. I dont think it would be valid for a delivery

    2)eosess depends upon which sessios ur trading in....there is also post session trading that happens. EOSTLM is not there any more.there "end of day"

    Leg i have not herd of!!!!!!!!!

    Varun
     
  7. mahesh2007

    mahesh2007 Active Member

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    some of unexplained terminologies-

    RL-regular lot
    St-special trade
    Nt-negotiated trade
    ol-odd lot
    AU-auction market
    gfd- good for day
    gtd-good till day
    gtc-good till cancelled
    ioc-immediate or cancell
     
  8. mahesh2007

    mahesh2007 Active Member

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    As far as i think when u open a position in Futures, u long( or short) a contract;this is first leg.
    when u cover your outstanding position by squaring up ie sell(or buy in case u have shorted the contract earlier), this is second leg.
     

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