Here's an explainer on the some of the abbreviations I use:
pps - Persons Proprietary Signal, a "black box" indicator developed by John Person and available on the ThinkOrSwim trading platform.
mfi - Money Flow Index, an open source indicator that uses both price and volume to track the flow of funds into and out of a stock.
rsi - Relative Strength Index, similar to the mfi, but it uses price only.
bb - Bollinger Bands, a trending indicator developed by John Bollinger.
ma - Moving average, an venerable class of open source trending indicators that use a trailing average of prices. My standards are the 20-day moving average (ma20) and the 200-day moving average (ma200). Day, of course, meaning trading day.
I often will describe the structure of a position using these abbrevisions:
p - put option
c - call option
s - shares
The p and c abbreviations are followed by a strike price. All three abbreviations can be preceded by a minus sign, indicating a short position (i.e., I sold the shares or options). The lack of a minus sign indicates a long position (i.e., i bought the shares or options).
So, a bull put spread might look like this:
meaning that I bought the 41-strike options and sold the 40-strike options.
An iron condor, composed of puts and calls with four strike prices, might look this:
And a triple vanilla iron condor smothered in hot fudge....