S&P 500     Legal Disclaimer

Information contained in this Website, the Course Manual and Commentary is intended for instructional purposes only and is to explain the observations and judgement that goes into making a trade determination by the commentator regarding trades being considered for the commentator's own accounts. All information is believed to be reliable but its accuracy cannot be guaranteed. As part of this course, the published materials from The Trading Tutor and its principals and participants do not constitute a recommendation that the Student should buy or sell S&P 500 Futures, or any futures, commodities or options contract.

Past performance is not necessarily indicative of future results. The risk of loss is substantial in futures trading; you should therefore carefully consider whether such trading is suitable for you in light of your financial condition. You should read, understand and consider the Risk Disclosure Statement that is provided as required by the CFTC by all commodities brokers before you open a commodity trading account.

On trades shown in the Commentary there may be a risk assessment. This assessment is a subjective evaluation of that trade based on many factors present at the time and is intended for instructional purposes only. It does not mean that the same signal will render the same risk evaluation and can not be used on future trades without a complete evaluation of all conditions at the time. Prior to entering any trade the individual trader must make and then rely on their own risk evaluation, with the understanding and in the context that all futures trades are high risk.

There are days or times when the trades shown in the Commentary are created in retrospect (these trades are clearly labeled). The following disclaimer is required by the CTFC and may apply: 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 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.

Nothing in this Website, the Course Manual or accompanying/supplementary Commentary is intended as an encouragement to trade. Only the trader can make that decision based on an informed, objective evaluation of market activity and charting characteristics. Again, the purpose of the Commentary is to explain the observations and judgement that goes into making a trade determination by the commentator regarding trades being considered for the commentator's own accounts. Because the market environment is dynamic the trader must be prepared to exercise flexibility as well as sound judgement and skill. That judgement and skill may take many months or years to develop. Because of the financial risk associated with trading the reader is advised to achieve consistent positive paper-trading and simulated trading results before assuming any financial risk inherent in actual trading in the market place. Any and all trades entered into by the Student are at the Student's total discretion and risk.