quick turn

quick turn definition - finance
Trading jargon for buying a security and then selling it right away, or vice versa. Day traders attempt to make a profit by quick turning several small trades. Futures traders also attempt to make a quick profit from small changes in price by doing quick turns. Such traders are called scalpers.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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