Trading glossary
Endancial abbreviations and terms used in this dashboard
Public Beginner
Key terms
Quick reference| Terme | Signification | Explication simple |
|---|---|---|
| API | Interface programme | Channel used by the bot to read positions and prices and submit orders. |
| Position | What the account holds | Example: +1 AAPL means holding one AAPL share. |
| Long | Purchase / positive position | Profits when the price rises; loses when it falls. |
| Short | Short sale / negative position | Profits when the price falls; loses when it rises. |
| Qty | Quantity | Number of shares or units. |
| Avg price / Avg cost | Average entry price | Average price at which the position was opened. |
| Market price | Market price | Latest price available from IBKR; it may be delayed. |
| Market value | Market value | Quantity multiplied by the current price. |
| PnL | Profit and Loss | Profit or loss. |
| Unrealized PnL | Unrealized PnL | Profit or loss not realized until the position is closed. |
| Realized PnL | Realized PnL | Profit or loss realized after a full or partial close. |
| Net Liquidation | Value totale du compte | Ce que vaudrait le compte si tout était liquidé. |
| Cash | Cash | Argent disponible sur le compte. |
| Gross Exposure | Gross exposure | Somme des positions en valeur absolue. |
| Net Exposure | Net exposure | Positions longues moins positions shorts. |
| BUY | Buy | Order to buy an asset. |
| SELL | Sell | Order to sell an asset or close a long position. |
| MKT | Market order | Market order executed at the best available price. |
| LMT | Limit order | Order with a maximum buy price or minimum sell price. |
| TIF | Time in Force | How long an order remains valid, for example DAY. |
| DAY | Valid for the day | The order expires at session close if unfilled. |
| Filled | Filled | The order was filled completely. |
| Cancelled | Cancelled | The order was not filled or was rejected/cancelled. |
| PreSubmitted | Pre-submitted | IBKR received the order but it is not filled yet. |
| PermId | ID permanent IBKR | Persistent IBKR order/execution identifier. |
| Order ID | Local order ID | Order identifier for the API session. |
| Strategy disabled | Strategy disabled | The bot is running but strategic orders are disabled. |
| skip_if_nonzero | Skip when a position exists | Protection against adding when the symbol is already held. |
| Slippage | Execution slippage | Difference between expected and actual execution price. |
| Drawdown | Decline from a peak | Measures the maximum loss over a period. |