I do not guarantee that profits will be achieved or that losses
will not occur. Losses in commodity trading can be substantial,
and can exceed the level of your initial investment. Therefore,
carefully consider this type of investment in light of your
financial situation. Past results are not necessarily indicative
of future results. Trading Commodities and Futures involves
Significant Risk of Loss. It is not suitable for every investor.
Information contained herein is the opinion of the writer and
may change at any time. Past performance is not indicative of
future results. Information obtained from sources believed to be
reliable, but in no way guaranteed.
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 and all of which can adversely
affect actual trading results.
