A quick reference for the terms used in BrokerBridge and this guide.
Investments and accounts
Term
Meaning
Account destination
The specific local or broker account to which a plan's orders would be sent. Always read both account identity and mode.
Broker
The service that maintains your trading account and receives instructions to buy and sell. BrokerBridge connects to supported brokers.
Symbol / ticker
A short identifier for an investment. Contract products need more identifying details than a stock symbol alone.
Stock / share
A stock represents ownership in a company; a share is one unit of that ownership.
ETF
An exchange-traded fund: a security traded on an exchange that generally holds a collection of assets or follows a stated approach.
Option
A contract giving its buyer a specified right involving an underlying investment. Price, expiry, strike, contract multiplier, and whether you buy or sell matter.
Futures contract
A standardized contract tied to an underlying market, with contract-specific values and expiry rules. One contract is not equivalent to one stock share.
Long
A position that generally benefits when the investment's price rises. Buying shares is a common example.
Short
A position that generally benefits when the investment's price falls. Opening a short and selling shares already held are different actions.
Watchlist / universe
A watchlist is a group you want to follow. A universe is the broader set of investments a scanner or strategy may consider.
Plans, orders, and holdings
Term
Meaning
Trade plan
A description of a possible trade, including its idea, terms, and destination. Having a plan does not prove an order was sent.
Order
An instruction asking a destination to buy or sell a quantity under specified terms. It can be accepted without filling.
Entry
The transaction or intended price that opens a holding. A conditional entry also specifies what must happen first.
Market order
An instruction prioritizing execution at available prices. The eventual price is not guaranteed.
Limit order
An instruction setting the highest purchase price or lowest sale price you will accept. An acceptable price may never be available, so it may not fill.
Working order
An order still active at its destination. It may have no fill or a partial fill.
Fill / partial fill
A fill is an executed purchase or sale. A partial fill completes only some of the requested quantity; the remainder needs its own status check.
Position
The investment quantity currently held after fills. A pending plan or an unfilled order is not the same thing.
Stop-loss / exit if wrong
An intended loss-control exit. A stop trigger is not a guaranteed execution price; a stop-limit can remain unfilled.
Target
A planned profit-taking price or condition. It is an objective, not a forecast or promised result.
Cancel / close
Cancel asks to stop a working instruction. Close asks to reduce or remove a holding with another transaction. Cancellation does not undo earlier fills.
The bid is a price a buyer is willing to pay; the ask is a price a seller is willing to accept. Their difference is the spread, one source of trading cost.
Liquidity
How readily a quantity can trade without a large price impact. A displayed price does not establish liquidity for every order size.
Slippage
The difference between an expected execution price and the price actually obtained. Unfavorable slippage can increase losses.
Gap
A jump between price levels with no opportunity to trade at every intervening price, such as between sessions.
Position size / exposure
Size is the quantity or amount in a holding. Exposure describes how much of an account is affected by investments and their price changes.
Planned risk
An estimate based on the stated entry, quantity, and adverse exit assumptions. It does not guarantee a maximum actual loss.
Reward-to-risk ratio
Planned gain divided by planned loss under the stated assumptions. A 2:1 ratio does not imply a two-thirds chance of winning.
Margin / leverage
Use of borrowing or contract exposure that magnifies the effect of price changes relative to the cash committed. It can magnify losses as well as gains.
Profit and loss / P&L
The money gained or lost. Realized P&L relates to completed exits; unrealized P&L is a changing estimate on holdings still open. Check how costs are treated.
Drawdown
A decline from a previous account or result peak. A later recovery does not erase the depth or duration of that decline.
A bar or candle summarizes price activity over a period. The timeframe is that period. A forming bar can still change; a completed bar has ended.
Signal
An observation that stated conditions matched. It may justify further research, but it is not inherently an order or a complete trade plan.
Thesis / invalidation
A thesis explains why an idea might work. Invalidation names evidence or a condition that would make you stop relying on it.
Bullish / bearish / flat
Bullish means expecting rising prices; bearish means expecting falling prices. In a trading decision, staying flat usually means holding no position in that investment.
Playbook / strategy
A playbook organizes an idea, evidence, and intended outputs. A strategy defines reusable trading rules. Read each item's actual saved permissions and running state.
Scanner
A tool that applies stated checks to a set of investments and reports matches, nonmatches, or missing data.
Backtest / forward test
A backtest applies rules to historical data. A forward test observes them as new information arrives. Results depend on methodology and execution assumptions.
Paper or simulated trading
Trading with simulated executions. Broker simulation and BrokerBridge's local simulation are different environments, and neither proves live performance.
Reconciliation
Comparing order and holding evidence to resolve what actually happened. While reconciliation is incomplete, treat the outcome as uncertain.
Local Demo
BrokerBridge's limited local workflows without a connected AI model. It is distinct from both model access and the selected order destination.