Drawdown: A Drawdown is the peak-to-trough decline during a specific record period of an investment, fund or commodity. A drawdown is usually quoted as the percentage between the peak and the trough.

Test: In technical analysis, it is when a stock price approaches a support or resistance level
set by the market. If the stock stays within the support and resistance levels, the test is passed. However, if the stock price reaches new lows and/or new highs, the test has failed.

Trend: The general direction of a market or of the price of an asset is known as a Trend. Trends can vary in length from short, to intermediate, to long term. If you can identify a trend, it can be highly profitable, because you will be able to trade with the trend.

Holy grail: As the community of traders has evolved, the “Grail buy” has been nicknamed “the dip”, implying a place where a buy may be set up. The “Grail sale” has been nicknamed “the ding”, implying a place where a short sale may be set up. This refers to the Holy Grail technique. The key is to buy pullbacks in an established uptrend, or sell bounces in an established downtrend and avoid trading ranges.

Stop loss: A stop loss is an order to buy (or sell) a security once the price of the security climbed above (or dropped below) a specified stop price. When the specified stop price is reached, the stop order is entered as a market order (no limit) or a limit order (fixed or predetermined price).

Contrarian: One who takes a contrary view or action, especially an investor who makes decisions that contradict prevailing wisdom, as in buying securities that are unpopular at the
time.