diff --git a/docs/backtesting.md b/docs/backtesting.md
index f42221f8c..3a2b1e984 100644
--- a/docs/backtesting.md
+++ b/docs/backtesting.md
@@ -499,7 +499,7 @@ Since backtesting lacks some detailed information about what happens within a ca
   - sells are never "below the candle", so a ROI of 2% may result in a sell at 2.4% if low was at 2.4% profit
   - Forcesells caused by `<N>=-1` ROI entries use low as sell value, unless N falls on the candle open (e.g. `120: -1` for 1h candles)
 - Stoploss sells happen exactly at stoploss price, even if low was lower, but the loss will be `2 * fees` higher than the stoploss price
-- Stoploss is evaluated before ROI within one candle. So you can often see more trades with the `stoploss` sell reason comparing to the results obtained with the same strategy in the Dry Run/Live Trade modes
+- Stoploss is evaluated before ROI within one candle. So you can often see more trades with the `stoploss` exit reason comparing to the results obtained with the same strategy in the Dry Run/Live Trade modes
 - Low happens before high for stoploss, protecting capital first
 - Trailing stoploss
   - Trailing Stoploss is only adjusted if it's below the candle's low (otherwise it would be triggered)
diff --git a/docs/strategy-callbacks.md b/docs/strategy-callbacks.md
index 8fbf3dde9..f265bfe61 100644
--- a/docs/strategy-callbacks.md
+++ b/docs/strategy-callbacks.md
@@ -393,7 +393,7 @@ class AwesomeStrategy(IStrategy):
 !!! Warning "Backtesting"
     Custom prices are supported in backtesting (starting with 2021.12), and orders will fill if the price falls within the candle's low/high range.
     Orders that don't fill immediately are subject to regular timeout handling, which happens once per (detail) candle.
-    `custom_exit_price()` is only called for sells of type Sell_signal and Custom sell. All other sell-types will use regular backtesting prices.
+    `custom_exit_price()` is only called for sells of type Sell_signal and Custom exit. All other exit-types will use regular backtesting prices.
 
 ## Custom order timeout rules
 
diff --git a/freqtrade/enums/exittype.py b/freqtrade/enums/exittype.py
index 36d2a4f9e..7610b8c94 100644
--- a/freqtrade/enums/exittype.py
+++ b/freqtrade/enums/exittype.py
@@ -3,7 +3,7 @@ from enum import Enum
 
 class ExitType(Enum):
     """
-    Enum to distinguish between sell reasons
+    Enum to distinguish between exit reasons
     """
     ROI = "roi"
     STOP_LOSS = "stop_loss"
diff --git a/freqtrade/persistence/models.py b/freqtrade/persistence/models.py
index 9eaf81c23..0968f1e97 100644
--- a/freqtrade/persistence/models.py
+++ b/freqtrade/persistence/models.py
@@ -1291,7 +1291,7 @@ class Trade(_DECL_BASE, LocalTrade):
     @staticmethod
     def get_exit_reason_performance(pair: Optional[str]) -> List[Dict[str, Any]]:
         """
-        Returns List of dicts containing all Trades, based on sell reason performance
+        Returns List of dicts containing all Trades, based on exit reason performance
         Can either be average for all pairs or a specific pair provided
         NOTE: Not supported in Backtesting.
         """
diff --git a/freqtrade/rpc/rpc.py b/freqtrade/rpc/rpc.py
index 7b34354c3..6c740d764 100644
--- a/freqtrade/rpc/rpc.py
+++ b/freqtrade/rpc/rpc.py
@@ -850,7 +850,7 @@ class RPC:
 
     def _rpc_exit_reason_performance(self, pair: Optional[str]) -> List[Dict[str, Any]]:
         """
-        Handler for sell reason performance.
+        Handler for exit reason performance.
         Shows a performance statistic from finished trades
         """
         return Trade.get_exit_reason_performance(pair)
diff --git a/freqtrade/rpc/telegram.py b/freqtrade/rpc/telegram.py
index dd2c33ee4..324255235 100644
--- a/freqtrade/rpc/telegram.py
+++ b/freqtrade/rpc/telegram.py
@@ -1408,8 +1408,8 @@ class Telegram(RPCHandler):
             "                `pending buy orders are marked with an asterisk (*)`\n"
             "                `pending sell orders are marked with a double asterisk (**)`\n"
             "*/buys <pair|none>:* `Shows the enter_tag performance`\n"
-            "*/sells <pair|none>:* `Shows the sell reason performance`\n"
-            "*/mix_tags <pair|none>:* `Shows combined buy tag + sell reason performance`\n"
+            "*/sells <pair|none>:* `Shows the exit reason performance`\n"
+            "*/mix_tags <pair|none>:* `Shows combined entry tag + exit reason performance`\n"
             "*/trades [limit]:* `Lists last closed trades (limited to 10 by default)`\n"
             "*/profit [<n>]:* `Lists cumulative profit from all finished trades, "
             "over the last n days`\n"
diff --git a/freqtrade/templates/subtemplates/strategy_methods_advanced.j2 b/freqtrade/templates/subtemplates/strategy_methods_advanced.j2
index bc41836fb..9aff7ee2a 100644
--- a/freqtrade/templates/subtemplates/strategy_methods_advanced.j2
+++ b/freqtrade/templates/subtemplates/strategy_methods_advanced.j2
@@ -95,7 +95,7 @@ def custom_stoploss(self, pair: str, trade: 'Trade', current_time: 'datetime',
 def custom_exit(self, pair: str, trade: 'Trade', current_time: 'datetime', current_rate: float,
                 current_profit: float, **kwargs) -> 'Optional[Union[str, bool]]':
     """
-    Custom sell signal logic indicating that specified position should be sold. Returning a
+    Custom exit signal logic indicating that specified position should be sold. Returning a
     string or True from this method is equal to setting sell signal on a candle at specified
     time. This method is not called when sell signal is set.
 
@@ -103,7 +103,7 @@ def custom_exit(self, pair: str, trade: 'Trade', current_time: 'datetime', curre
     example you could implement a sell relative to the candle when the trade was opened,
     or a custom 1:2 risk-reward ROI.
 
-    Custom sell reason max length is 64. Exceeding characters will be removed.
+    Custom exit reason max length is 64. Exceeding characters will be removed.
 
     :param pair: Pair that's currently analyzed
     :param trade: trade object.