Analytics glossary

Loss-pattern review glossary

Use these terms to describe patterns in your own journal. Definitions depend on the fields and sample that were actually recorded.

Loss cluster

A group of losing records that share a chosen context, such as a setup label, session, or instrument. A cluster describes the sample; it does not prove a cause.

Expectancy

A historical sample summary combining outcomes and their frequencies. It is sensitive to the sample, fees, sizing, and data quality, and is not a forecast.

Drawdown

A decline from a previous account or sample high-water mark. Review its time period and calculation method before comparing it with another report.

Risk-to-reward

A planned or measured comparison between a defined risk distance and a potential or realized reward distance. It does not determine whether a trade is suitable.

Process deviation

A recorded difference between the plan and what happened, such as a late entry, changed size, or unplanned exit. It is a review note, not a diagnosis.

Phoenix analytics are educational review tools, not individualized financial advice, trade instructions, or guarantees of future performance.