Disclaimer notice.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. HYPOTHETICAL
PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE
DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL
OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN
FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL
PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY
PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL
PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE
BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT
INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN
COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING.
FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR
TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH
CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS
OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE
IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY
ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS
AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
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.
The information contained
in this site has been compiled in good faith, and in using it, the user
agrees that the author and any other entities associated with this site
shall not be liable for any direct, indirect, consequential loss
arising from this usage, or the use of information and material on the
Internet via web links from this site including, but not limited to
errors, omissions, defects, interruptions, delays in operation, or
transmission, computer viruses, or line failure, to the maximum extent
permitted by law. Please note that trading is a risky business. You may
lose your entire investment capital and more.
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