Pillinger Works

Trade. Learn. Improve.

A focused platform for traders and people who want to understand the market.

You are in the best place.

This is all you need to become a better trader.

Trading Journal Statistics Tax Assistant Calendar View Learning Center Long-Term Learning Lasting Results Synchronization Insights Useful Content Guides

Trading Journal

The essential tools in one place, helping you do more than track your trades — learn from your results.

Data into Information

Data into information — our job. Information into knowledge — your benefit!

Analyze your trading performance with detailed metrics and charts. Recognize your strengths and discover where you can improve.

Strategies statistics

Consistent use of color and clear visual presentation let you see at a glance whether a strategy is worth trading frequently, or whether another strategy earns significantly more with fewer trades.

Instrument Statistics

This feature helps you better understand your relationship with each instrument. It highlights which stocks or currency pairs generate the most profit and which cause unnecessary losses, helping you make more effective capital allocation decisions.

Calendar

Track your daily trading results, open positions, and closed trades in a clear calendar. Review weekly and monthly performance and discover patterns in your trading habits.

Heat Map

See how your trading results evolve over time at a glance. Identify patterns in profitable and losing days and learn more about your trading habits.

Tax Calculator

Estimate tax on your trading profits based on your personalized tax settings. Plan your finances more consciously and prepare for your tax obligations.

Tax residencies currently supported by the Tax Calculator:

United Kingdom
Germany
Austria
Hungary

Is your country missing? If at least 3 users request it, we will add it to our list of supported countries!

Transparent calculations, traceable data

The calculator builds its summaries from recorded trades using the rules configured for the selected tax year and tax residence. Where available, reports can show profits, losses, the number of included trades and the currency-conversion data used. This makes the results and the underlying calculation inputs easier to review and verify.

Results depend on the data entered by the user, selected settings and available exchange rates; we cannot guarantee completeness or suitability for every individual circumstance.

Data becomes truly valuable when it helps you make better decisions. Trading Journal gives you a clear overview and practical tools to support that process. And this is just a glimpse: many more features and in-depth analysis tools are waiting to be explored beyond what we can showcase here.

Academy

Conscious trading begins with knowledge.
The Academy guides you step by step from the fundamentals of stock market trading through advanced concepts to an expert mindset. Learn, practise, analyse, and build knowledge you can rely on over the long term.

Structured Curriculum

This five-level knowledge base is much more than a quick crash course. Pillinger Works Academy is designed to stay with you for the long term. Its structure and features make it useful even for active traders: after completing the levels, you can revisit bookmarked lessons and read through your notes whenever you need a refresher.

I want to learn

Trackable Progress

This is not a rushed course trying to sell you a supposedly magical strategy. Academy is a long-term companion for traders. Its more than 200 learning materials are organized across five levels and written in a clear, approachable style. Keyword collections, knowledge checks and practical exercises help you put what you learn into practice.

I want to learn

Lesson List

The more than 200 learning materials currently available will continue to evolve over time, across both free and premium content. Existing lessons will also be expanded. Users will be notified on the website whenever new improvements are released.

Beginner and Elementary materials are for those just starting to explore stock market trading.

By conscientiously completing Intermediate, learners can build more knowledge than 70% of retail traders.

By conscientiously completing Advanced, learners may improve their chances of trading successfully compared with 90% of retail traders in the market.

Completing Expert aims to put learners among the top 1%.

View the list

Explore the learning materials by level. Expand any section to browse the lessons assigned to it.

Beginner50

What Is a Financial Market? Market Fundamentals
Why Do Financial Markets Exist? Market Fundamentals
Trading vs Investing Market Fundamentals
Risk and Return Market Fundamentals
Price, Value and Market Price Market Fundamentals
Buyers and Sellers Market Fundamentals
Supply and Demand Market Fundamentals
Liquidity Market Fundamentals
Volatility Market Fundamentals
Spread Market Fundamentals
Stock Financial Instruments
ETF Financial Instruments
Bond Financial Instruments
Forex Financial Instruments
Futures Financial Instruments
Options Financial Instruments
Commodities Financial Instruments
CFD Financial Instruments
Cryptocurrency Financial Instruments
REIT Financial Instruments
Warrants Financial Instruments
Key Differences Between Instruments Financial Instruments
What Is a Broker? Market Structure
Exchange vs. Broker Market Structure
Account Types Market Structure
Bid and Ask Market Structure
Long Position Market Structure
Short Position Short Selling
Market Order Orders & Execution
Limit Order Orders & Execution
Stop Order Orders & Execution
Stop Loss Orders & Execution
Take Profit Orders & Execution
What Is a Chart? Charts & Timeframes
OHLC Charts & Timeframes
Japanese Candlesticks Charts & Timeframes
Candle Body and Wick Charts & Timeframes
Bullish and Bearish Charts & Timeframes
What Is a Timeframe? Charts & Timeframes
1m–1M Timeframes Charts & Timeframes
Trend Technical Analysis
Support and Resistance Technical Analysis
Trendlines Technical Analysis
Chart Patterns Technical Analysis
Why We Are Not Fully Rational Trading Psychology
Accepting Losses Trading Psychology
FOMO and Chasing Price Trading Psychology
Ego and the Need to Be Right Trading Psychology
Luck vs. Decision Trading Psychology
Foundations of Trader Thinking Trading Psychology

Elementary52

How Exchanges Work Market Structure
Primary and Secondary Markets Market Structure
Market Participants Market Structure
Market Makers Market Structure
Institutional vs. Retail Traders Market Structure
Stocks in Depth Financial Instruments
ETFs in Depth Financial Instruments
Bonds in Depth Financial Instruments
Forex in Depth Financial Instruments
Futures in Depth Financial Instruments
Options Fundamentals Financial Instruments
About the Commodities Financial Instruments
How CFDs Work Financial Instruments
Crypto Markets Financial Instruments
REITs Financial Instruments
Leverage and Margin Financial Instruments
Expiry and Settlement Financial Instruments
Financing and Overnight Costs Financial Instruments
Shortability and Borrow Financial Instruments
Scalping Trading Styles
Day Trading Trading Styles
Swing Trading Trading Styles
Position Trading Trading Styles
Investing Trading Styles
Timeframes from 1 Minute to 1 Month Charts & Timeframes
Timeframe vs. Time Zone Charts & Timeframes
UTC, CET/CEST, EST/EDT: Trading with the Correct Clock Charts & Timeframes
Asian, European and US Sessions Orders & Execution
Stop and Limit Execution Orders & Execution
Slippage Orders & Execution
Gap Risk Orders & Execution
Fundamental Analysis: What We Are Actually Analyzing Fundamental Analysis
How a Company Works Fundamental Analysis
Revenue and Costs Fundamental Analysis
Gross Profit and Gross Margin Fundamental Analysis
Operating Income and Operating Margin Fundamental Analysis
Net Income and EPS Fundamental Analysis
Cash Flow: What the Cash Actually Tells Us Fundamental Analysis
Balance Sheet: Understanding the Company’s Financial Position Fundamental Analysis
Debt, Cash and Financial Health: Measuring Resilience Fundamental Analysis
What Is Macroeconomics? Macroeconomics
Inflation: Why Prices and Expectations Matter Macroeconomics
Interest Rates: The Price of Money Macroeconomics
Central Banks and the Federal Reserve: Policy as a Market Catalyst Macroeconomics
CPI, PPI and GDP: Reading the Main Economic Signals Macroeconomics
Employment and NFP: Why the Labor Market Moves Markets Macroeconomics
Economic Calendar: Turning Macro Information into a Trading Plan Macroeconomics
Why Markets React to Data Macroeconomics
Priced In Macroeconomics
Fear and Greed Trading Psychology
Loss Aversion, Biases and Overconfidence Trading Psychology
How Short Selling Works Short Selling

Intermediate59

Trend Analysis NEW Technical Analysis
Market Structure NEW Technical Analysis
HH / HL / LH / LL NEW Technical Analysis
Recognizing Support and Resistance Levels NEW Technical Analysis
Zones vs. Exact Levels NEW Technical Analysis
Breakout NEW Technical Analysis
Retest NEW Technical Analysis
Pullback NEW Technical Analysis
Trendline and Channel NEW Technical Analysis
Price Action / Price Behavior Analysis NEW Technical Analysis
Candlestick Patterns NEW Technical Analysis
Volume / Trading Volume NEW Technical Analysis
SMA / Simple Moving Average NEW Technical Analysis
EMA / Exponential Moving Average NEW Technical Analysis
WMA / Weighted Moving Average NEW Technical Analysis
RSI / Relative Strength Index NEW Technical Analysis
MACD / Moving Average Convergence Divergence NEW Technical Analysis
ADX / Average Directional Index NEW Technical Analysis
Bollinger Bands NEW Technical Analysis
ATR / Average True Range NEW Technical Analysis
Strategy vs. Setup NEW Trading Strategy
Trading Hypothesis NEW Trading Strategy
Entry Conditions NEW Trading Strategy
Confirmation NEW Trading Strategy
Stop Placement NEW Trading Strategy
Target Placement NEW Trading Strategy
Risk/Reward Ratio NEW Trading Strategy
R-Multiple NEW Trading Strategy
Partial Exits NEW Trading Strategy
Trailing Stop NEW Trading Strategy
Trend Following NEW Trading Strategy
Breakout Strategy NEW Trading Strategy
Pullback Strategy NEW Trading Strategy
Range Strategy NEW Trading Strategy
Mean Reversion Strategy NEW Trading Strategy
Momentum Strategy NEW Trading Strategy
Reversal Strategy NEW Trading Strategy
Risk per Trade NEW Risk Management
Position Sizing NEW Risk Management
Fixed Fractional Sizing NEW Risk Management
Volatility-Based Position Sizing NEW Risk Management
Portfolio Concentration NEW Risk Management
Correlation Risk NEW Risk Management
Drawdown NEW Risk Management
Securities Lending NEW Short Selling
Short Interest NEW Short Selling
Short Squeeze NEW Short Selling
Short Risk Management NEW Short Selling
Trading Plan NEW Trading Psychology
Discipline NEW Trading Psychology
Revenge Trading NEW Trading Psychology
Losing Streak NEW Trading Psychology
Winning Streak NEW Trading Psychology
Decision Fatigue NEW Trading Psychology
When Not to Trade NEW Trading Psychology
ITC – Inner Circle Trader NEW Trading Strategy
SMC — Smart Money Concepts NEW Trading Strategy
Martingale NEW Trading Strategy
Big Trades Indicator NEW Technical Analysis

Advanced55

Advanced Market Structure NEW Market Structure
Break of Structure (BOS) NEW Market Structure
Change of Character (CHoCH) NEW Market Structure
Liquidity NEW Market Structure
Liquidity Pools NEW Market Structure
Liquidity Sweep NEW Market Structure
Compression NEW Market Structure
Expansion NEW Market Structure
Volatility Contraction NEW Market Structure
Volatility Expansion NEW Market Structure
Volume Profile NEW Volume & Order Flow
Point of Control NEW Volume & Order Flow
Value Area NEW Volume & Order Flow
VAH / VAL NEW Volume & Order Flow
HVN / LVN NEW Volume & Order Flow
Order Flow NEW Volume & Order Flow
Delta NEW Volume & Order Flow
Cumulative Delta NEW Volume & Order Flow
Reading Volume Context NEW Volume & Order Flow
Volume-based Setups NEW Volume & Order Flow
Order Book NEW Market Microstructure
Level II NEW Market Microstructure
Market Depth NEW Market Microstructure
Spread Dynamics NEW Market Microstructure
Slippage Analysis NEW Market Microstructure
Market Impact NEW Market Microstructure
Execution Quality NEW Market Microstructure
Liquidity Risk NEW Market Microstructure
Trending Regime NEW Market Regimes
Range Regime NEW Market Regimes
High Volatility Regime NEW Market Regimes
Low Volatility Regime NEW Market Regimes
Risk-On NEW Market Regimes
Risk-Off NEW Market Regimes
Regime Detection NEW Market Regimes
Strategy Adaptation NEW Market Regimes
Indices and Individual Stocks NEW Intermarket Analysis
Bond Yields and Equities NEW Intermarket Analysis
USD and Global Markets NEW Intermarket Analysis
VIX NEW Intermarket Analysis
Gold NEW Intermarket Analysis
Oil NEW Intermarket Analysis
Sector Rotation NEW Intermarket Analysis
Intermarket Relationships NEW Intermarket Analysis
Probabilistic Thinking NEW Trading Psychology
Uncertainty Tolerance NEW Trading Psychology
Emotional Neutrality NEW Trading Psychology
Identity and Performance NEW Performance Analysis
Performance Pressure NEW Performance Analysis
Drawdown Psychology NEW Performance Analysis
Confidence in a Strategy NEW Trading Psychology
Over-optimization NEW Backtesting & Research
Leverage Psychology NEW Risk Management
Professional Trader Mindset NEW Algorithmic & Professional Trading
Advanced Case Study NEW Performance Analysis

Expert45

Descriptive Statistics NEW Statistics & Quantitative Analysis
Mean, Median and Distribution NEW Statistics & Quantitative Analysis
Variance and Standard Deviation NEW Statistics & Quantitative Analysis
Correlation NEW Statistics & Quantitative Analysis
Covariance NEW Statistics & Quantitative Analysis
Z-Score NEW Statistics & Quantitative Analysis
Skewness and Kurtosis NEW Statistics & Quantitative Analysis
Statistical Significance NEW Statistics & Quantitative Analysis
Sample Size NEW Statistics & Quantitative Analysis
Monte Carlo Simulation NEW Statistics & Quantitative Analysis
Backtesting Fundamentals NEW Backtesting & Research
Data Quality NEW Backtesting & Research
Historical Data NEW Backtesting & Research
In-Sample / Out-of-Sample NEW Backtesting & Research
Walk-Forward Analysis NEW Backtesting & Research
Look-Ahead Bias NEW Backtesting & Research
Survivorship Bias NEW Backtesting & Research
Data Snooping NEW Backtesting & Research
Curve Fitting NEW Backtesting & Research
Robustness Testing NEW Backtesting & Research
Expectancy NEW Performance Analysis
Profit Factor NEW Performance Analysis
Advanced Drawdown Analysis NEW Performance Analysis
Recovery Factor NEW Performance Analysis
Risk of Ruin NEW Risk Management
Kelly Criterion NEW Risk Management
Fractional Kelly NEW Risk Management
Portfolio-level Risk NEW Risk Management
Strategy Correlation NEW Risk Management
Capital Allocation NEW Risk Management
Edge Identification NEW Strategy Development & Research
Edge Validation NEW Strategy Development & Research
Strategy Research Framework NEW Strategy Development & Research
Strategy Optimization NEW Strategy Development & Research
Regime-dependent Strategies NEW Strategy Development & Research
Multi-strategy Portfolio NEW Strategy Development & Research
Strategy Decay NEW Strategy Development & Research
Continuous Strategy Improvement NEW Strategy Development & Research
Quantitative Trading NEW Algorithmic & Professional Trading
Algorithmic Trading NEW Algorithmic & Professional Trading
API and Automation NEW Algorithmic & Professional Trading
Feature Engineering NEW Algorithmic & Professional Trading
Machine Learning Basics NEW Algorithmic & Professional Trading
Data Leakage and Model Drift NEW Algorithmic & Professional Trading
Professional Trading Framework NEW Algorithmic & Professional Trading

The Academy’s lesson text, structure, thematic order and curriculum-list arrangement are protected intellectual content. They may not be copied or republished without permission.

So no one should expect to rush through the materials and instantly become a brilliant trader. This is a journey: by the time a learner completes Intermediate, they may already be actively trading and will still be working to improve.

Insights

Where Information Becomes Knowledge

Ideas, guides and market context to help you trade with greater awareness. Explore practical knowledge, performance insights and market developments in one place.

Tax Matters

Trading taxes vary by country, instrument and personal circumstances. Rules, deadlines and calculations can be difficult to navigate.

Tax Matters brings together clear explanations, practical pointers and sources worth checking, helping you understand the issues and plan your next steps.

Story Series

John Fitzgerald Doe’s story follows a trader’s development—from mistakes and hard-won lessons to more deliberate decisions.

Coming soon is Mia Tarifa’s story: a woman who realizes she cannot continue her former work forever and gradually redirects her earnings into investments, then more active trading.

Read, reflect, and turn what you learn into your own trading journey.

Time to Join!

By now, you may have noticed that we believe in long-term collaboration. We do not promise quick riches, and we do not put an excessive burden on your wallet. Our pricing reflects that.

We build a community, develop features, and sharpen your edge.

Join the Pillinger Works community and get the most out of your trading and learning journey.

View Pricing

No made-up numbers

Reliability comes first for us, not marketing. We turn data into information you can use.

20 Members

2,187 Trades

11 Learning hours