Orlino Swing
A slang day trading term referring to wild volatility in the day's trading results. For example: "I was up $1,300 today and then I had an Orlino Swing and am now down $500," or "the market was bearish, and I went short, however futures rallied on an Orlino Swing, the market became bullish and my shorts went against me." The term is named after a grizzled veteran trader, Paul Orlino, who traded for Opus Trading Fund and had wild fluctuations in his returns over his tenure there. The term is also becoming more common in referring to events of volatility in general not just in pertaining to trading. It can be safely used when referring to abrupt and sudden changes of fortune, and in sports. The term was first published in the July issue of Trader Daily magazine.
See: http://www.traderdaily.com/ Day Trading
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