Glossary
P
parameter: a set of terms (specifications or limits) which determine the behavior or form of an indicator.
passive order: an order that stills price movement. Limit orders are passive orders. Contrast active order.
patience: the willingness to wait calmly.
pause: a period of largely sideways price movement. Pauses are either part of a pullback, consolidation, or a hiatus before a reversal. See consolidation.
penny game: minuting for a penny per share.
penny gamer: an ambient stock suited for the penny game. A penny gamer offers repeatable, low-risk, penny-width opportunities throughout the trading day.
pentagram: the simplest 5-point star polygon.
perceive: to make sense of sensation.
perception: the process of making sense of sensation, including determining significance and meaning.
perceptivity: degree or level of perceptive ability; keenness of perception.
peter out: to dwindle; to decrease gradually; to wither.
pin bar: a candle with a small body and a long wick.
pinata (piñata): a colorful decorated container, often in the shape of a star, animal, or popular character, that is filled with treats. The container is suspended high so that children, blindfolded, may try to break it open, with the treats falling to the ground when the pinata is struck. The pinata is of Latin American origin.
plunder (verb): to steal, especially by force.
point: a certain but indefinite stock price.
polymath: a person with extensive knowledge and expertise in several academic disciplines.
portray: show; depict.
position management: dragging a Matrix Limit or Stop to adjust its price point.
position: the state of wagering on a stock; to open a position is to wager on a stock; to close a position concludes a wager.
postmarket (trading session): 4:00 pm to 8:00 pm USA Eastern time (-4 GMT) weekdays (Monday – Friday), excepting holidays.
predation (finance): the act or practice of profiting from others.
predator (finance): a party that profits by exploiting or manipulating others.
predicated: to have something else as a basis.
predict: to derive a conclusion from experienced events or logical premises; draw an inference.
predictable: able to be predicated or anticipated.
premarket (trading session): 4:00 am to 9:30 am USA Eastern time (-4 GMT) weekdays (Monday – Friday), excepting holidays.
pressure: the geometric moment when price movement accelerates in continuous manner, when a move commits with sufficient momentum that a glide can form.
prey: a stock in play. Contrast offal.
price: a monetary representation of what people are willing to pay for something.
price discovery: the real‑time process through which buyers and sellers collectively determine the current trading price of a stock. The price that emerges is the equilibrium point where supply (sell orders) and demand (buy orders) meet. Price discovery is most efficient with vigorous participation; its quality degrades when volume thins or with information asymmetry among participants.
price point: a certain price.
PriMiX: the combination of PryPri and Cockpit indicator. “Pri” refers to price and “MiX” means a mixture of index (X) indicators.
primiximizer: what Minuteers in Black call PriMiX.
print: a completed trade recorded to the tape. A print is the atomic unit of the auction.
private: not public.
privy: sharing the knowledge of something secret.
probability: imagining something to be probable, sometimes abetted by mathematical calculation.
probable: likely to occur or be true.
profit: garnered money.
profiteer: someone who handsomely profits.
profiteering: taking profit.
prognostication: prediction.
projectile: a minuteable stock with a strong trend and good velocity. See missile, rocket. Compare ballistic, offal, sloth.
proprietary technology: technology that is privately owned, its use and distribution legally controllable by the owner, and not publicly available.
provide: make available for use.
proxy: a substitute.
PryPri: bars with Visage and VoX overlays. “Pry” refers to appraising behavior and “Pri” refers to price.
psychology: the study of the mind.
public offering: a company taking money from the public in return for shares of stock. The practice dates back to the Roman Republic.
pullback (aka retracement): a brief reversal away from trend. See revback.
punter: a speculator who wants quick gains.