Glossary/Frequently Used Terms
Breakdown. When stock price hits a level that causes the price to go lower, without immediately recovering.
Break Out. A price movement through an identified level of support or resistance, which is usually followed by heavy volume and increased volatility. Traders will buy the underlying asset when the price breaks above a level of resistance and sell when it breaks below support. In practice, a breakout is most commonly used to refer to a situation where the price breaks above a level of resistance and heads higher, rather than breaking below a level of support and heading lower.
Buy The F****** Dip - Acronym for buying/adding a position in a stock any time the price level drops with the expectation that price will quickly recover and move higher.