Risk Disclosure

U.S. Government Required Disclaimer:
Trading futures, options, and other financial instruments involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is appropriate for you in light of your circumstances, knowledge, financial resources, and risk tolerance. Only risk capital—funds you can afford to lose without affecting your lifestyle—should be used for trading.

Past Performance Disclosure: Past performance is not necessarily indicative of future results. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in the research.

Hypothetical Performance Disclosure (CFTC Rule 4.41): Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under- or over-compensated for the impact of certain market factors, including but not limited to lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.