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24 Glossary

After close / Before open
Whether a company reports its earnings after the market shuts or before it opens.
Average cost
What you paid per share across everything you hold of that symbol. Buying more at a different price blends into it.
Beat / Miss / In-line
Reported earnings against the analyst estimate — above, below, or within a small margin of it.
Channel
A discussion space inside an organization. See chapter 17.
Closed round trip
A sell matched against an earlier buy. The unit the win rate counts.
ETF
A fund that trades like a share. The app uses them to track sectors and broad market themes.
GICS sectors
The standard set of eleven industry sectors used on the Sectors page.
Limit / Market / Stop
The three order types. See 11.1.
Manager / Lecturer
Roles inside a single channel, granted by that channel's managers. They say nothing about your account elsewhere.
Organization
A self-contained group of channels with its own members.
P/L
Profit and loss — what a position is worth now against what you recorded paying for it.
Trade log
The permanent, unmodifiable record of every order that filled. See 11.3.
TTM
Trailing twelve months — the last four reported quarters added together.
Virtual portfolio
A portfolio of positions recorded in the app that you do not actually own. All portfolios here are virtual. See 1.1.
Watchlist
A named list of symbols you follow but do not necessarily hold.
Verified
A position the app watched open: priced and timestamped by our server at the moment you placed it, and written to a log nobody can edit. It is the only kind that counts towards a public track record.
Not verified
A holding you recorded yourself, including the price. Shown in orange, kept separate from the verified figures, and counted towards nothing anyone else sees.
Pending action
An order you have placed that has not filled yet — a limit or stop still waiting for its price, or a market order placed while the market is shut.
Market cap
Share price multiplied by the number of shares: what the market says the whole company is worth. It is what sizes the tiles on the heatmap.
Net margin
Profit as a percentage of revenue — how much of each dollar taken in is left at the end.
Free cash flow
The cash a business generated after paying for the equipment and property it needs to keep running. Harder to flatter than profit, which is why it sits beside it.
Seasonals
The average move for each month of the year across several years of history. A pattern, not a prediction.
Treemap
The kind of chart the heatmap uses: nested rectangles where area means one thing and colour means another.