Glossary
Trading words explained.
| Word | Meaning |
|---|---|
| Market cap (MC) | Token price times total supply |
| Liquidity | Money in the pool that you trade against |
| Slippage | How far the price may move before a trade is cancelled |
| Price impact | How much your own trade moves the price |
| Priority fee | An extra network fee that makes your trade land faster |
| Bonding curve | The launch stage of a new launchpad token before it graduates |
| Graduated | A token that finished its bonding curve and trades in a normal pool |
| PnL | Profit and loss |
| TP / SL | Take profit and stop loss |
| Trailing stop | A stop loss that follows the price up |
| Honeypot | A scam token that can be bought but not sold |
| Long / Short | A bet that the price goes up or down |
| Leverage | Trading a bigger position than your margin |
| Liquidation | A position closed because its margin ran out |
| Front-running (MEV) | Bots trading just before you to profit from your trade |