Risk Disclosure

Last updated: 12 September 2026
Trading involves market risk. Capital can be lost, and some derivatives strategies may involve substantial risk.

1. General market risk

Market prices are uncertain and can move sharply without warning. Past market behaviour may not repeat.

2. Equity and cash-market risk

Equity prices can decline because of company, sector, macroeconomic, liquidity or market-wide events. Intraday systems can also experience execution differences and slippage.

3. Futures and options

Futures and options involve leverage and can amplify gains and losses. Option buyers may lose the premium paid. Option sellers can face significant losses depending on the position structure. Calendar spreads, condors, directional options and other derivative structures have distinct payoff, volatility, time-decay and liquidity risks.

4. Algorithmic and model risk

Automated strategies operate according to predefined rules and assumptions. No model can anticipate every market regime, event or execution condition. A strategy can underperform, behave unexpectedly or stop functioning as intended.

5. Backtesting risk

Backtests can be affected by historical data quality, assumptions about fills, slippage, transaction costs, liquidity, corporate actions, look-ahead or survivorship effects and other modelling choices. Historical testing is not a guarantee of live performance.

6. Execution and technology risk

Internet connectivity, APIs, broker systems, trading platforms, exchange infrastructure, latency, rejected orders, partial fills, outages, software defects and configuration errors can affect results.

7. Data risk

Market or performance data may be delayed, revised, incomplete or unavailable. A website display is not a replacement for the records maintained by a user's broker, exchange or account provider.

8. Costs and taxes

Brokerage, subscription charges, platform fees, exchange charges, taxes, statutory levies and other expenses can materially affect actual outcomes. User-specific costs may not be fully reflected in displayed historical metrics.

9. Suitability and capital

Margin or capital figures shown on strategy pages are presentation and calculation inputs; they are not a recommendation that a particular user should deploy that amount. Suitability depends on individual circumstances and risk capacity.

10. Operational responsibility

Users remain responsible for monitoring their accounts, understanding the strategy they deploy, checking orders and maintaining appropriate access, credentials and risk controls with their broker or execution platform.

11. Independent advice

Consider obtaining independent financial, tax and legal advice before acting on information from this website.

12. Acknowledgement

By continuing to use the website, you acknowledge that market outcomes are uncertain and that historical or current information does not eliminate market risk.