Pivex Guides
Guides and explainers for funded traders:
challenges, risk, payouts, and market literacy.
Prop Firm KYC Documents: What Firms Ask For and When
Short answer: when traders search for "prop firm kyc documents" they usually want three answers. Which files to prepare, when the firm will ask, and why a clean-looking upload still gets refused.…
Prop Firm Payout Calculator: Work Out What You Actually Keep
Short answer: a prop firm payout calculator turns a few numbers into one. Take your net profit for the payout cycle, multiply it by your profit split, then subtract whatever a cap or a fee…
Prop Firm Statistics: What the Numbers Can and Cannot Tell You
Short answer: almost every set of prop firm statistics you will see online comes from one of three places. Firms publish their own aggregates, such as trader counts, countries served and total…
Trading Drawdown Calculator: Formulas, Breach Lines and Worked Examples
Short answer: a trading drawdown calculator takes your peak balance, your current balance and your loss limit. It then tells you how far you have fallen and how much room is left before a breach.…
What Is a Payout Cap? How Prop Firms Limit What You Can Withdraw
Short answer: if you are asking what is a payout cap, here is the plain version. It is the maximum amount a prop firm will release from your trading account in one request or one payout cycle.…
What is a virtual profit split? The arithmetic, the rules and the legal meaning
Short answer: what is a virtual profit split? It is the percentage of gains a trader keeps when those gains were made on a virtual account balance rather than on money the trader deposited. Prop…
The 200 Day Moving Average: How to Read the Line Itself
Short answer: the 200 day moving average is the mean closing price of the last 200 trading sessions, updated after every close. It is the slowest line most traders keep on a daily chart, roughly…
The 50 Day Moving Average: A Swing Trader's Trend Line
Short answer: the 50 day moving average is the mean of the last 50 daily closes, redrawn after each session. It packs roughly ten trading weeks of price into one line, and swing traders treat it…
Anchoring Bias in Trading: How Entry Prices, Round Numbers and Old Highs Hijack Your Decisions
Short answer: anchoring bias in trading is the habit of judging where price should go by a number already in your head. The usual anchors are your own entry price, a round number, and a prior high…
The Aroon Indicator: How to Read Aroon Up and Aroon Down
Short answer: the Aroon indicator counts how many bars have passed since the latest high and the latest low inside a lookback window, usually 25 periods. Aroon Up near 100 means a fresh high…
Awesome Oscillator (AO): Reading the 5/34 Momentum Histogram Without Guesswork
Short answer: the awesome oscillator is a momentum indicator designed by Bill Williams. It subtracts a 34-period simple moving average of median price from a 5-period simple moving average of the…
Best Day Trading Books: Ten Titles That Teach Setups, Risk and Discipline
Short answer: the best day trading books teach a repeatable intraday process rather than a pile of chart tricks. For setups and structure, start with How to Day Trade for a Living by Andrew Aziz…