Glossary

Initials

Also written or said as: take initials, taking initials, initials out, free ride, house money

Selling enough of a coin to get back what you put in, and letting the rest ride.

Say you put 1 SOL into a coin and it doubles: you sell half, get your 1 SOL back, and hold the rest at no cost to you. Once your initials are out, a later crash only takes profit, never your stake. Fees and slippage mean you need to sell a little more than half to really get the full 1 SOL back.