In the second half of this book, we covered strategies and tactics that can be used with technical analysis systems and patterns. Many of these strategies require knowledge of trading terms and how to tell a broker in trader language what to do. Here are some of the common terms used universally in the markets:
all or none (AON) Execute the entire order or none of it, but not some fraction.
ask The price at which a seller is willing to sell.
at the opening An order to be executed at the opening of trading in the stock. If an order cannot be the first trade of the day, it is cancelled.
bid The price at which a buyer is willing to buy.
buy to cover order A buy order to cover a short position. ...