We are required to
state (and you should know): 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. 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 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 (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 to the implementation of any
specific trading program, method or system, which cannot be
completely taken into consideration with hypothetical performance
results and will effect trading results & 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 Webtrading.com
information supplied to INDIVIDUAL is for instructional purposes
only. Webtrading.com 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 the methodology
for independent application. The material presented herein
has been obtained or derived from sources believed to be accurate,
but we do not guarantee its accuracy. There have been no promises,
guarantees or warranties suggesting that any 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.
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.
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 making an investment
in a futures pool or directly with a CTA, one should carefully
study the prospectus and/or 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 other professional
advice. If legal or other expert assistance is required, the
services of a competent professional in the applicable professional
field should be sought. |
