You should know all hypothetical trading performance and results have inherent limitations, some of which are described below. No representation is being made any trader, trading system or account will achieve, or is likely to have profits or losses similar to those indicated in our website(s). In fact, there are frequently sharp differences between hypothetical performance results and real-time trading results subsequently achieved by any particular trading system or program. Furthermore, only risk capital should be used for commodity futures trading due to the high risk of loss involved in commodities trading. One of the limitations of hypothetical performance results is they are generally prepared with the benefit of 20-20 hindsight.

In addition, hypothetical trading does not involve actual financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual and real time trading. For example, the ability to withstand losses (and incur account drawdowns) or to adhere to a particular trading program in spite of trading loses are important issues which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or the implementation of any specific trading program, method or system, which cannot be completely taken into consideration with hypothetical trading and will effect trading results and your P&L.

This is not a prospectus; no offer on our part with respect to the sale or purchase of any securities is intended or implied, and nothing contained herein is to be construed as a recommendation to take a position in any market. The intent of the web-trading information supplied to INDIVIDUAL is for instructional purposes only. web-trading information supplied to INDIVIDUAL is designed to discuss the market environment, technical analysis, movement of the price action, configuration of indicators, calculation of the measurement of the trading market and to calculate the levels of risk. The idea is that with repetitious exposure to a disciplined approach of this short term trading methodology, INDIVIDUAL can learn to understand and apply the methodology. The material presented here and in our website(s) has been obtained or derived from sources believed to be accurate, but we do not guarantee its accuracy.

There has not been any promises, guarantees or warranties suggesting trading will result in a profit or will not result in a loss. Results can and will vary between individuals. INDIVIDUAL is responsible to use good judgment when trading. All trading system performance claims are based on comparing hypothetical trading results with other trading systems in the financial market. All historical performance trading system results are not achievable in real trading because slippage and the psychological factors of a trader cannot be accurately accounted for. The "System Performance" records are representative of hypothetical trading results of our trading systems. Reasonable slippage, commission, individual’s emotion, levels of discipline and self-control need to apply independently to estimate the actual trading results. All trading involves high risk; past performance is not necessarily indicative of future results.

CFTC Commission Rule 4.41(c)(1) applies to "any publication, distribution or broadcast of any report, letter, circular, memorandum, publication, writing, advertisement or other literature." Commission Rule 4.41(b) prohibits any person from presenting the performance of any simulated or hypothetical futures account or futures interest of a CTA, unless the presentation is accompanied by a disclosure statement. The statement describes the limitations of simulated or hypothetical futures trading as a guide to the performance that a CTA is likely to achieve in actual trading.

CFTC Commission Rule 4.41(b)(1)(I) 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 actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as 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.

The information provided in this website does not constitute a solicitation to invest in any Pool, CTA or Managed Account, included herein. Prior to trading or making investments in a futures pool or with a CTA, one should carefully study the prospectus and/or risk disclosure document required by the CFTC. This website and our publication is designed to provide readers with accurate and objective information in regard to managed futures investments. It is provided with the understanding the publisher or its editor, is not engaged in rendering legal, financial, brokerage or any other professional advice. If legal or other expert assistance is required, the services of a competent professional in the applicable field should be sought.