Pivex Guides
Guides and explainers for funded traders:
challenges, risk, payouts, and market literacy.
Loss Aversion in Trading: Why Losses Hurt More and How to Trade Around It
Short answer: loss aversion in trading means a loss of a given size hurts far more than an equal gain feels good. A 100 loss stings more than a 100 win pleases. The result is lopsided behavior:…
What Is a Mitigation Block? Definition, Breaker Comparison and Entry Logic
Short answer: a mitigation block is an order block that failed. Price made a swing that stopped short of the previous high or low, then broke structure the other way. The candle at that failed…
Point and Figure Charts: Reading Xs and Os Without a Clock
Short answer: point and figure charts plot price in columns of Xs for rising moves and Os for falling moves, with no time axis at all. A new mark prints only when price travels a fixed box size.…
Recency Bias in Trading: Why the Last Few Trades Weigh Too Much
Short answer: recency bias in trading is the habit of letting the most recent trades, candles or sessions count for more than the full record justifies. Five losers in a row feel like a broken…
Reverse Carry Trade: Borrowing High, Lending Low, and When It Pays
Short answer: a reverse carry trade sells a high-yield currency and buys a low-yield one, so the trader pays the interest gap every night instead of collecting it. It pays only when the exchange…
What Is Stagflation? Causes, Signs and What It Means for Traders
Short answer: stagflation is the awkward combination of high inflation, weak or negative economic growth and rising unemployment at the same time. Ordinary inflation arrives with a hot economy;…
Sunk Cost Fallacy in Trading: Why You Hold Losers and How to Stop
Short answer: the sunk cost fallacy in trading is holding, adding to, or widening a losing position because of what it has already cost you. The market no longer supports the trade; the money…
Three Drives Pattern: How to Qualify the Third Push and Trade the Turn
Short answer: the three drives pattern is a reversal structure built from three pushes in the same direction, separated by two pullbacks of similar depth. Each push ends a little beyond the last…
Volume Spread Analysis: How to Read Spread, Close and Volume Bar by Bar
Short answer: volume spread analysis (VSA) reads each price bar through three facts. The first is the spread, high minus low. The second is where the close sits inside that spread. The third is…
What Is a Basis Point? Understanding Its Role in Finance and Trading
Short answer: a basis point is one hundredth of one percent, so 0.01% or 0.0001 in decimal form, and 100 basis points make one percentage point. The honest reply to what is a basis point is that…
What Is the DXY? The US Dollar Index Explained for Traders
Short answer: what is the dxy? It is the ticker for the US Dollar Index, a single number that tracks the US dollar against a fixed basket of six foreign currencies. The basket holds the euro at…
Yen Carry Trade: How It Works, How It Unwinds, and What It Does to JPY Pairs
Short answer: the yen carry trade borrows Japanese yen at a low interest rate and puts the money into a currency or asset that pays more. The profit is the rate gap, collected for as long as the…