Trailing stop
Technical analysisA stop-loss that moves up as price rises, typically a set ATR multiple below the highest close.
In plain terms
Lets winners run, and always gives back a slice at the top. That giving-back is the price of the runners.
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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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Chandelier exit
Technical analysisA trailing stop placed a multiple of ATR below the highest high since entry.
In plain terms
The standard method, because it widens automatically as the stock gets wilder and tightens as it settles.
Give-back
Technical analysisThe profit returned between a position's peak and the price at which the trailing stop finally triggers.
In plain terms
Not a failure of the stop — the fee for having stayed in. Trying to eliminate it is what converts big winners into medium ones.
Kijun-sen
Technical analysisAlso called: Base line
The Ichimoku base line: the midpoint of the highest high and lowest low of the last twenty-six bars.
In plain terms
The slower Ichimoku line, often used as a trailing stop in an established trend.