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The practice of referring to increases in the price of an instrument as "gains" but any decline as a "correction" is bizarre.


It's not. It's trading lingo. If the pricing was on a downturn "losses", then an upward move is a correction.


Except that in practice nobody says that. I've worked with both large financial institutions and tiny hedge funds going back nearly 30 years, traders are cognitive bias on legs. There's a reason Wall Street has a statue of a giant bull but not of a bear.


> The practice of referring to increases in the price of an instrument as "gains" but any decline as a "correction" is bizarre.

Its not any decline - it needs to be 10% or more:

https://www.investopedia.com/terms/c/correction.asp


We really could refer to all of them as "corrections".




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