Reference point
Risk & psychologyThe benchmark against which a gain or loss is subjectively judged.
In plain terms
Change what you compare against and the same portfolio feels like success or failure. Choose it deliberately.
1492 terms
Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Anchoring
Risk & psychologyOver-relying on an initial reference point when making subsequent judgements.
In plain terms
"It was ₹900 last year" tells you nothing about what it is worth now.
Break-even level
Technical analysisThe price at which participants who bought since a reference point are collectively flat.
In plain terms
Underwater holders sell into the first rally back to their cost. That is what creates resistance there.