Risk Disclosure

Trading involves substantial risk of loss

Index futures and options are leveraged derivative products. Leverage magnifies both gains and losses. You can lose your entire deposit, and with some products and venues more than your deposit. These instruments are not suitable for every investor. Do not trade money you cannot afford to lose entirely.

Nothing here is financial advice

All content — daily outlooks, key levels, forecasts, recaps, trade reviews, written notes, and educational material — is general market commentary and education. It is not investment, financial, legal or tax advice, is not tailored to your circumstances or objectives, and is not a recommendation or solicitation to buy or sell any asset. I am not a registered investment adviser, broker-dealer, or commodity trading advisor.

No outcome is promised

No guarantee, representation or warranty is made regarding profit, income or performance of any kind. Any figures or examples shown are illustrative and are not typical. Past performance does not indicate future results. Simulation and historical examples do not account for every live-market execution constraint. Fees, spreads, slippage, and leverage can materially change outcomes.

You are responsible for your own decisions

• You alone decide what to trade, when, and at what size.
• You are responsible for your own risk management.
• You are responsible for complying with the laws, tax rules and exchange regulations that apply where you live.
• Some products described here may not be available to residents of certain jurisdictions.

Limitation of liability

To the maximum extent permitted by law, no liability is accepted for any trading loss, lost profit or consequential damage arising from your use of this site, its content, or any product described on it.