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20 Cards in this Set
- Front
- Back
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Bid
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Highest price an investor is willing to pay
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Ask
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Lowest price an investor will accept to sell
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Bid-ask spread
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Gap between the bid and ask price that represents a cost to the investor
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Bid size
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Number of shares sought by current buyers
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Ask size
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Number of shares offered by current sellers
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Market depth
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number of active buyers and sellers
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Market order
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Instructions to buy or sell at the current market price. (only guarantees purchase not price)
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Limit order
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Instruction to buy or sell at specified price
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Stop order
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Market order to buy or sell a certain quantity of a security if a specified price is reached or passed
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Stopped out
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position that is liquidated by the execution of a stop order
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Buy stop order
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Buy order that is to be held until the market price rises to a specified stop price
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Stop-loss order
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stop order to sell a long position at a specified price that is below the current market price
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stop-limit order
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order to buy or sell a certain quantity of a security at a specified price or better, but only after a specified price has been reached
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day order
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Instructions to buy or sell during the present trading session
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Open order
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a limit order that has yet to be executed
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Good 'till canceled order
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A limit order that is open until executed or canceled by the investor
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All or none
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Buy or sell instruction that must be filled exactly or not at all
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Fill or Kill
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All-or-none order that must be immediately filled or canceled
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Illusion of knowledge
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the illusion that more information creates better knowledge/prediction
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Illusion of control
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the illusion that people have influence over the outcomes of uncontrollable events
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