# Glossary guide
### General Terms
| Terms | Explanation |
| ----------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| **Sub-wallets** | A sub-wallet is a wallet automatically created under your Coinpilot account when you copy a lead trader.
- Each lead trader you follow gets its own sub-wallet.
- Funds allocated to copy that trader are kept here.
- This separation helps track performance per trader and keeps positions organized.
- Sub-wallets are still fully under your control, you can transfer funds back to your primary wallet at any time, and you can export private keys too.
|
| **PnL** | Profit and Loss. The amount of money gained or lost from trading, shown in green or red. (e.g., +$1200 or -$300). |
| **ROI%** | Return of Investment. Percentage gain or loss relative to your initial allocation or this lead trader’s own initial capital. Formula: (PnL / Starting Balance) x 100 |
| **Balance (per trader)** | - The total funds tied to a specific lead trader you are copying.
- Includes your initial allocation plus all realized profits or losses since you started copying that trader.
- This balance grows or shrinks with PnL and is what gets used for the trader’s future trades until you stop copying.
Don’t confuse this with your Account Balance:
- Account Balance = the sum of all funds across your primary wallet and all trader allocations.
- Balance (per trader) = only the funds allocated and accumulated with one specific lead trader.
|
| **Max Drawdown** | The largest peak-to-trough drop in account value during a time period. It reflects risk and downside volatility. |
| **Volume** | The total amount of capital traded over a selected time period, expressed in $ |
| **Watchlist** | Your personal list of favorite traders. Add any wallet you want to track or copy later. |
| **Total Balance** | The real-time value of assets in the lead trader’s Trading Account. |
| **Period Return** | The gain or loss over a specific time frame (1D, 7D, 1M, All time.), shown in green or red. |
| **Privy Wallet** | A secure, self-custodial wallet created through Privy, used by Coinpilot to manage on-chain trading for users. It lives in your browser session, fully under your control, with private keys encrypted and recoverable via your login method (e.g., email). |
| **Direct Referral** | Direct referrals are users who join the platform using your referral code. You’ll earn the highest referral percentage from the trading fees generated by your direct referrals. |
| **All Referrals** | All referrals include users who join through your direct referral’s codes, as well as anyone referred by them, up to 4 total levels deep. You’ll earn a percentage of trading fees from all these users, with the percentage depending on each referral’s level. |
### Crypto Perpetual Terms
| Term | Explanation |
| -------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |
| **Account Balance** | The total value of assets in a trader's account at a given time - used as a performance reference. This is expressed in $, abbreviation as Bal. (e.g., Bal: $2023.5) |
| **Entry Price** | The price at which a position was opened. |
| **Mark Price** | A real-time reference price used to calculate unrealized PnL and liquidation thresholds. It reflects the fair market value. |
| **Leverage** | Using borrowed funds to increase trade size (or reduce the margin used to get a certain level of exposure). |
| **Liquidation** | The price at which a leveraged position will be automatically closed due to insufficient margin to cover losses. |
| **Margin** | The portion of your funds utilized to open and maintain a leveraged position. |
| **Sharpe Ratio** | A performance metric that shows return per unit of risk (volatility). Higher is better, meaning the investment is providing more return for the level of risk it carries |
| **Ad. Sortino Ratio** | Adjusted Sortino Ratio. A version of Sharpe Ratio that focuses only on downside volatility. It’s often seen as a more accurate risk-adjusted return metric. A higher Sortino ratio indicates better risk-adjusted performance, as it suggests the investment is producing more return for a given level of negative volatility. |
| **GPR Ratio** | Gain-to-Pain Ratio. It measures average gain relative to average loss. Higher values suggest a more favorable risk/reward profile. |
| **Open Positions** | Trades that are currently active and not yet closed. These positions can show unrealized gains or losses and are in a lead trader’s portfolio. |
### Prediction Market Terms
| Term | Explanation |
| ------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------- |
| **Prediction Market** | An exchange-traded market where participants buy and sell shares representing the probability of future events occurring |
| **Polymarket** | A decentralized prediction market platform built on blockchain technology, the underlying market for Coinpilot's prediction trading |
| **Outcome** | A possible result in a prediction market, typically "Yes" or "No" |
| **Shares** | Units of ownership in a prediction market outcome, priced between $0.00 and $1.00 |
| **Resolution** | The process of determining the winning outcome and paying out $1.00 per winning share |
| **Discovery Feed** | Coinpilot's interface for browsing and filtering prediction market traders |
| **Trader Card** | Summary display of a trader's key metrics in the Discovery Feed |
| **Allocation** | Funds reserved specifically for copying a particular trader |
| **Fixed Amount** | Copy trade mode that uses a constant dollar amount per trade regardless of leader's bet size |
| **Fixed Ratio** | Copy trade mode that sizes trades as a percentage of the leader's bet |
| **Smart Execution Engine** | Coinpilot's system for optimizing trade execution and minimizing slippage |
| **Slippage** | The difference between expected trade price and actual execution price |
| **Exit Liquidity** | Risk of being stuck holding positions at unfavorable prices when large traders exit |
| **Proportional Exit** | Exit mode where you sell the same percentage of shares as the copied trader |
| **Activity Log** | Complete record of all trades executed, skipped, or failed in your copy trading activity |
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