06 · Reference
Trading Journal Glossary: Limbix Terms Explained
A trading journal glossary of every term Limbix uses, from R-multiple and phantom checks to Risk Consistency and stand-down line, each linked to its page.
This trading journal glossary defines every term you'll meet in Limbix in plain words, with a link to the page that explains it in full. Terms are in alphabetical order. Where a number is set by the app, the linked page explains what it does. Metric names match the tooltips you see on screen.
| Account constraint | A daily loss limit or trade cap stored on one trading account. Third in the risk limit chain. | Risk limit chain |
| Account size | The balance a percentage limit is measured against. Required if any limit is set in %. | Set your risk limits |
| AI confidence | How much evidence a NEX read rests on, shown as High, Medium or Low. | AI confidence |
| Averaged down | Adding to a position in the same symbol and direction at a worse price than an earlier entry that day. | Mistake detectors |
| Avg R | The mean realized R over trades that have an R. | Avg R |
| Avg win / avg loss | Your average winning trade divided by the size of your average losing trade. | Avg Win / Avg Loss |
| Behavioral Profile | NEX's picture of your trading habits, built from your recent trades and refreshed on a plan schedule. | Behavioral Profile |
| Buffer-to-loss ratio | How many of your average losses a prop account could take before it breaches. | Buffer-to-Loss Ratio |
| Check-in | A short form before (pre-trade) or after (post-trade) a session. The post-trade one is graded A to F. | Check-ins |
| Cost of violations | The P&L of trades on which you broke at least one rule. | Cost of Violations |
| Cut winner early | A winning trade you closed before it reached a set share of its target. | Mistake detectors |
| Days to pass | How long, on average, your passed prop challenges took to clear. | Days to Pass |
| Discipline Score | The share of your own rules you followed, capped by your Risk Score band. | Discipline Score |
| Drawdown | A fall from a running high in your cumulative P&L. Limbix reports it in money, not as a percentage. | Max Drawdown |
| Emotional heatmap | Net P&L grouped by the emotions you tagged on each trade. | Emotional Heatmap |
| Equity curve | Your cumulative P&L over time. | Equity Curve |
| Equity vs target | How far a prop account has moved from its start toward its profit target. | Equity vs Target |
| Exit basis | A losing trade with no stop, whose exit price stands in as the stop. Lands at about −1R. | R-multiple |
| Expected R:R | Planned reward over planned risk: distance to target divided by distance to stop. | R-multiple |
| Exposure Discipline | Whether you stopped when you said you would: no new trades after your daily loss, and days within your trade cap. | Exposure Discipline |
| Fees | Commissions and costs on a trade. Always subtracted to get net P&L. | Net vs gross P&L |
| FOMO | Fear of missing out. An emotion you tag yourself. Limbix doesn't detect it. | FOMO Entries |
| Gross P&L | P&L from the price move alone, before fees. Selectable in Reports. | Net vs gross P&L |
| Impulsive trade | A trade with no playbook linked. Counts as failed checks in your Discipline Score. | Impulsive trades |
| Loss Containment | The share of your losing trades with a real stop that stopped where you said, allowing a little for fees and slippage. | Loss Containment |
| MAE | Maximum adverse excursion: the worst price a trade saw while open. How close it came to the stop. | Trade chart |
| Max daily loss | The most you'll lose in a day before you stop. Feeds Exposure Discipline. | Set your risk limits |
| Max drawdown | The deepest fall from a running high in your per-trade P&L, in money. | Max Drawdown |
| Max drawdown floor | The balance you never let the account fall below. Feeds the survival line on the pre-trade check-in. | Set your risk limits |
| Max risk per trade | The most one trade may risk, in % or currency. Feeds Oversized and Risk Rule Adherence. | Set your risk limits |
| Max trades per day | Your daily trade cap. Feeds Exposure Discipline and Overtrading. | Set your risk limits |
| MFE | Maximum favorable excursion: the best price a trade saw while open. What was on the table. | Trade chart |
| Mistake cost | The P&L of trades flagged with a given mistake. | Mistake Cost |
| Moved stop | A stop you moved away after entry. Limbix can't see your orders, so you flag it. | Skipped Stop Loss |
| Net P&L | P&L after fees. The default everywhere in Limbix. | Net P&L |
| NEX | The Limbix coach. It reads your journal and describes your past trading. It never calls a market. | NEX overview |
| Notebook | Your written journal: session notes, reviews and entries linked to trades. | Notebook |
| Oversized position | A trade bigger than you planned, riskier than your cap, or far above your usual size. | Oversized Position |
| Overtrading | A trade taken after your daily cap, or well above your usual daily count. | Mistake detectors |
| Pass rate | Passed prop challenges divided by all challenges that have finished. | Pass Rate |
| Phantom check | A failed rule check charged to an impulsive trade: a typical playbook's worth of rules, all counted as broken. | Phantom checks |
| Pip | The smallest standard price step on a forex pair, such as 0.0001 on EUR/USD. | Instruments |
| Planned basis | A trade whose risk comes from the stop you set. Only these count in Loss Containment. | R-multiple |
| Playbook | A written setup with rules you can answer yes or no. Trades link to it and are graded on its rules. | Playbooks |
| Point value | What a 1.00 price move is worth on one contract or unit. | Instruments |
| Profit factor | Gross profit of winners divided by gross loss of losers. | Profit Factor |
| Prop Hub | Where you track prop firm accounts, rules, stages and payouts. | Prop Hub |
| R (R-multiple) | A trade's result in units of what it risked. +2R made twice the risk. | R-multiple |
| R-multiple distribution | Your trades sorted into R buckets, including a "No R" bucket. | R-multiple Distribution |
| Realized R | Net P&L divided by risk amount. | R-multiple |
| Revenge trade | A trade opened soon after a loss, while angry, sized up, or tagged revenge. | Revenge Trades |
| Risk amount | Distance from entry to stop, times point value, times quantity. What the trade put at risk. | R-multiple |
| Risk band | The label your Risk Score falls in. Each band sets a ceiling for your Discipline Score. | Risk Score |
| Risk ceiling | The highest Discipline Score your current risk band allows. No cap when risk isn't measured. | Discipline Score |
| Risk Consistency | How evenly you size trades against your own median risk. Sizing down is never penalised. | Risk Consistency |
| Risk limit chain | The order Limbix picks a limit in: prop firm, today's check-in, account, your default. | Risk limit chain |
| Risk Rule Adherence | Whether playbook-linked trades kept their risk cap, minimum R:R and maximum hold. | Risk Rule Adherence |
| Risk Score | How survivable your trading is over the trailing 30 days, from four components you controlled. | Risk Score |
| Risk tuning version | The label on the current calibration of the Risk Score. Changes are logged. | Changelog |
| Rule Compliance | Rules followed divided by rule checks made, including phantom checks. | Rule Compliance |
| Rule violation | A playbook rule you marked as not followed on a trade. | Mark rule violations |
| Scratch trade | A trade that closed at exactly zero P&L. It counts in your trade total but not as a win. | Win Rate |
| Sentiment score | NEX's read of the tone of your journal entries, from −1 to +1. | Sentiment Score |
| Stand-down line | Your pre-committed stop for the day, in rule breaks or R. Counted, never scored or enforced. | Stand-down line |
| Stop loss | The price you'd exit at if wrong. The basis of your risk amount and R. | R-multiple |
| Take profit | Your planned exit price if right. Used for expected R:R. | R-multiple |
| Tick | The smallest price step on a futures contract, such as 0.25 on ES. | Instruments |
| Trade expectancy | Your average P&L per trade. | Trade Expectancy |
| Trading day | The calendar day a trade opened, in your profile timezone. | Trading day |
| Undersized position | A winning trade taken at well under your planned or usual size. | Mistake detectors |
| Weakest-dimension anchor | The rule that one very weak component pulls the whole Risk Score down, so you can't average your way past it. | Risk Score |
| Win rate | Trades with P&L above zero divided by all trades. | Win Rate |