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The practice of referring to increases in the price of an instrument as "gains" but any decline as a "correction" is bizarre.
by thefringthing 7y ago
The practice of referring to increases in the price of an instrument as "gains" but any decline as a "correction" is bizarre.
- organsnyder 7y agoWe really could refer to all of them as "corrections".
- csomar 7y agoIt's not. It's trading lingo. If the pricing was on a downturn "losses", then an upward move is a correction.
- anigbrowl 7y agoExcept that in practice nobody says that. I've worked with both large financial institutions and tiny hedge funds going back nearly 30 years, traders are cognitive bias on legs. There's a reason Wall Street has a statue of a giant bull but not of a bear.
- yskchu 7y ago> The practice of referring to increases in the price of an instrument as "gains" but any decline as a "correction" is bizarre. Its not any decline - it needs to be 10% or more: https://www.investopedia.com/terms/c/correction.asp https://www.investopedia.com/terms/c/correction.asp