There are many new terms to learn while using Crypto by TradeSmith. Below is our glossary.
- % Off High – The percentage amount that the latest close* is below the highest close achieved by the symbol since the entry date.
- Alert Description – The alert type that has been added to the position.
- Alert State – How your position is performing based on its alert.
- Amount – the units that you would like to send.
- Annualized Gain – The percentage gain that the position would achieve in one year if it continues its current trend.
- Bitcoin Address – the address associated with your Public Key used to transfer funds and for mining.
- Bits – a unit of Bitcoin that has been broken down.
- Blockchain – functions as the general ledger for cryptocurrency transactions. The open-source document allows anyone to read it. Miners will confirm transactions in the bloackchain. Once the nodes agree that the block is correct, it will be added to the chain so the next transaction can be processed.
- Block limit – the amount of transactions that can be processed per day. This is currently 1MB, or 250,000 transactions
- CSI Entry Signal – The CSI Entry Signal was designed to answer the question of when it’s safe to get back into a cryptocurrency that was stopped out. It has two basic components. It tells you when the trend is with you and when the position has had a strong bounce in the desired direction.
- CSI Yellow Zone – The Yellow Zone indicates that the position has corrected somewhat below a recent high, and it has not yet hit its CSI Stop Loss Price.
- CSI Red Zone – This indicates that the cryptocurrency has corrected more than its VQ% below a recent high. The cryptocurrency is not behaving in a way that is usual based on its historical market trend.
- Crypto State Indicators – Dr. Smith’s proprietary indicators that identify the current state a cryptocurrency relative to the cryptocurrency’s life cycle.
- Currency – The form of currency the position is reported in.
- Dollar Gain per Unit – The dollar amount gained/lost from the latest two close* dates.
- Daily Gain Percentage – The percentage gained/lost from the latest two close* dates.
- Daily Gain Total – The amount gained/lost from the latest two close* dates multiplied by the number of units.
- Days Held – The number of calendar days since the position’s entry date.
- Digital Asset – a cryptocurrency
- Entry Date – The date the position was purchased.
- Entry Price – The original price paid per unit for the position.
- Fee – the amount that you pay to process your transaction. Typically, miners are awarded the fee as incentive to speed up transaction times.
- First Time Triggered – The date the alert was first triggered.
- Hash – a mathematical way to verify a transaction.
- Input – the record of the cryptocurrency you own and want to send.
- Latest Close – The latest closing price* for the position.
- Max Gain % – The maximum percentage gain on a closing* basis that the position has achieved since entry.
- Max Profitable Close – The closing price* at which the position had its maximum profit since entry.
- Max Profitable Close Date – The date on which the maximum profitable close occurred.
- Min Gain % – The minimum percentage gain on a closing basis that the position has achieved since entry.
- Miner – a user in the blockchain that confirms a block of transactions. Miners are awarded cryptocurrency for processing transactions.
- N/A – Data not available for this position.
- Node – any CPU that accesses the blockchain. They confirm proof-of-work.
- Notes – You can enter notes on a position in the position card. Notes can be used to help you remember specific information about your cryptocurrency.
- Null – Contains no value.
- Output – the public key of the receiver of your cryptocurrency
- Portfolio – A grouping of digital assets.
- Portfolio % – The percentage composition of a particular holding in a portfolio.
- Private Key – allows your cryptocurrency to be sent to others. Do not give your Private Key to others.
- Proof of Work – when nodes vote that the hash in a blockchain has been properly solved and move on to the next block.
- Public Key – the record of the cryptocurrency that you own and want to send to others. Nodes and Miners will see your Public Key.
- Symbol – An arrangement of characters (usually letters and/or numbers) that represent the cryptocurrency you own.
- Tags – Tags are user-defined values that are added to a position.
- Trailing Stop – A trailing stop is a stop price that is set at a defined percentage below the current market price of the position.
- Transaction – The Input, Amount, and Output regarding your cryptocurrency that will be processed in the blockchain. Once a transaction is processed, it cannot be reversed.
- Trigger Price – The price at which your alert will trigger, depending on the type of alert.
- Units – Amount of ownership in a cryptocurrency.
- Volatility Quotient – Dr. Smith’s proprietary algorithm that tells you how volatile a cryptocurrency is. It will tell you how much room you can give a cryptocurrency in order to not get stopped out too early. The lower the number, the more stable the movement of that cryptocurrency. Higher percentages indicate the cryptocurrency is more volatile in its market moves over time.
- VQ – Volatility Quotient
- VQ%– Volatility Quotient Percentage
*NOTE: Our latest Closing Price is based on when our data provider sends us pricing. This is usually at 7PM Eastern.