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DISCLAIMER:

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. 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 THEYARE 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 AND ANALYSIS ON THIS WEBSITE IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. NOTHING HEREIN SHOULD BE INTERPRETED AS PERSONALIZED INVESTMENT ADVICE. UNDER NO CIRCUMSTANCES DOES THIS INFORMATION REPRESENT A RECOMMENDATION TO BUY, SELL OR HOLD ANY SECURITY. NONE OF THE INFORMATION ON THIS WEBSITE IS GUARANTEED TO BE CORRECT, AND ANYTHING WRITTEN HERE SHOULD BE SUBJECT TO INDEPENDENT VERIFICATION. YOU AND YOU ALONE, ARE SOLELY RESPONSIBLE FOR ANY INVESTMENT DECISIONS YOU MAKE. THE IDEAS AND STRATEGIES SHOULD NEVER BE USED WITHOUT FIRST ASSESSING YOUR OWN PERSONAL AND FINANCIAL SITUATION, OR WITHOUT CONSULTING A FINANCIAL PROFESSIONAL. OUR THOUGHTS AND OPINIONS WILL ALSO CHANGE FROM TIME TO TIME AS WE LEARN AND ACCUMULATE MORE KNOWLEDGE.