Spot / Cash: This is the normal market, also known as delivery based. In this case, the buy and sell of the Share/stock happens in cash or at spot. Hence, the terms.

Trade : A transaction in which one buys and other sells.

Position : Number of shares or contracts that you hold at a given point of time. For example, if you bought 10 shares of Infosys, you would have a Long position in Infosys stock.

Entry: Price at which you enter the trade, whether Long or Short Trade.

Exit: Price at which you Exit the trade, whether Long or Short Trade.

Stop Loss: a PRE-DETERMINED price below which we would close our position at a loss. The difference between Entry price and Stop Loss price is the maximum RISK that you are willing to take. One MUST ALWAYS USE STOP LOSS. It is your SAFETY NET or LIFE JACKET in Stock markets.

Ask Price: Price which a seller is asking to sell a stock or share or contract.

Bid Price: Price which a buyer is offering to buy a stock or share or contract.