On the Mindful Trader website and in Mindful Trader email correspondences, I talk a lot about my back tested results. When I say I did a "back test", it means that I took my trading strategies and applied them against historical stock market activity to see how the trades could have performed. Back tested results are not my live trading results. The results of the back tests certainly do not guarantee future results. Also, back tests might not compensate properly for market events such as a sudden lack of liquidity among other things. I've tried to carefully account for these considerations, but there is no way for me to be certain that back tests accurately reflect what live results would have been since they weren't actual live trades.

It's highly recommended that subscribers "paper trade" when starting the service, which refers to trading in an account with fake money. This allows subscribers to get practice with the stock picks in an environment where real money is not at risk.

Here is the disclaimer that I'm required to give you by the CFTC (Commodity Futures Trading Commission) among others. I highly advise that you read it and understand it:

Futures, equities, and options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures, equities, or options markets. Don't trade with money you can't afford to lose. There is substantial risk involved in trading and it is not suitable for all investors. A loss incurred in connection with futures trading can be significant and you can lose all or more of your initial investment.

No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. Proceed at your own risk.

With my trading I DO take losses. That means that with my trading picks there will be losses. I choose to keep trading even after losses because I want to mimic the back-tested approach. But it's up to you whether to follow my alerts. You control your decision to trade. I don't control your decision to trade. I just tell you when I'm trading. And when I trade, there are losses, sometimes strings of losses that shrink my account balance noticeably.

Mindful Trader is not in the business of rendering personalized investment advice. I don't (and can't) know your financial situation, risk tolerances, or investing objectives. Accordingly, the decisions made and actions taken by Mindful Trader do not constitute a recommendation that a particular security, strategy or action taken is suitable for you or any specific person.

Nothing contained in this service is intended to constitute legal, tax, securities or investment advice, nor an opinion regarding the appropriateness of any investment for any individual.

The Service is aimed at, and published for individuals residing in the United States. Mindful Trader makes no representation that the materials provided, and actions taken by the Service are appropriate for users outside the United States or permitted under the laws of other jurisdictions.

If you choose to access or use the Service from a location other than the United States, you do so at your own initiative and risk, and you bear full responsibility for compliance with any applicable local laws.

None of the information portrayed on this website or in my service should be considered tax advice. I am not a tax professional.

I am not an investment advisor. I am in no way responsible for the trades you make in your trading account. I tell you what I am doing in my trading account as a form of education, but I am not liable in any way for any actions you take with your trading account.

This website is not a solicitation to buy or sell futures, equities, or options.

As per CFTC rule 4.41: Hypothetical or simulated performance results have certain 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 profit or losses similar to those shown.

All trades, patterns, charts, and systems discussed on this website are for illustrative purposes only and are not to be construed as specific advisory recommendations. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the algorithms I built will generate profits or ensure freedom from losses.

This brief statement does not disclose all the risks and other significant aspect of trading in futures, options, and equities. This information is strictly intended for educational purposes.