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Trader's Glossary: trading terms from A to Z

The terms I use on the live stream, in session plans and in analyses: order flow, volume profile, VWAP, futures contracts, macro data, risk and trading psychology. Each entry has a definition, an example and a note on what to watch out for.

Entries by category (121)

Profile and auction: Acceptance and rejection · Inside day and outside day · HVN and LVN · Initial Balance (IB) · Market Profile (TPO) · POC migration · Naked POC · Value area (VA, VAH, VAL) · Tail (excess) · Opening range · POC (Point of Control) · Poor high and poor low · Volume profile · Composite profile · The 80% rule (Market Profile) · Market balance and imbalance · Single prints · Day types

Order flow: Absorption · Market maker · Bid and ask · Delta · Cumulative delta · DOM (order book) · Footprint · HFT (high-frequency trading) · Imbalance · Stop run · Slippage · Liquidity · Spoofing · Spread · Sweep · Time & Sales (the tape) · Trapped traders · Volume · Exhaustion · Market and limit orders · Stop order · Iceberg order

Indicators: ATR (Average True Range) · MACD · VWAP deviation bands · Pivot points · RSI (Relative Strength Index) · VWAP · Bollinger Bands · Renko chart · Anchored VWAP · Volatility · Fibonacci retracements · Moving average (SMA and EMA)

Broad market and levels: US Dollar Index (DXY) · Market internals (TICK and ADD) · Price gap · Overnight high and low · VIX (fear index) · Support and resistance

Macro: CPI (consumer price index) · FOMC (Fed decision) · ISM PMI · NFP (Non-Farm Payrolls) · PCE (personal consumption expenditures inflation) · GDP · PPI (producer price index) · Treasury yields · Earnings season · Retail sales · Fed interest rates · Initial jobless claims

Contracts and markets: Arbitrage · Basis (fair value) · Settlement price · CME Globex · Margin and leverage · E-mini and Micro E-mini · Prop trading firm · The continuous contract · Futures contract · Price limits and circuit breakers · MYM · Open interest · Commissions and fees · COT report · Rollover · Mark-to-market (daily settlement) · Regular and overnight session · Tick and tick value · Notional value · Contract expiration · CFD (contract for difference) · Tick volume

Psychology: Gambler's fallacy · The disposition effect · Confirmation bias · The sunk cost fallacy · Recency bias · FOMO · The illusion of control · Outcome bias · Overconfidence · Loss aversion · Overtrading · Revenge trading · Tilt · Anchoring

Process and risk: Backtest · Drawdown · Trading journal · Correlation · Overfitting · Standard deviation · Trading plan · R-multiple · Win rate · Expectancy · Sample size · MAE and MFE · Profit factor · Edge · Risk of ruin

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Want to know more?

The glossary is an introduction. Full explanations with graphics and exercises, live sessions, the recordings archive and the Order Flow from Scratch course are available to Hetman Capital Club members (in Polish).

Educational content, not investment advice.