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ALL DISCUSSIONS, CORRESPONDENCE AND INFORMATION HAVE BEEN PREPARED SOLELY FOR GENERAL INFORMATIONAL AND EDUCATIONAL PURPOSES AND ARE NOT AN OFFER TO BUY OR SELL, OR A SOLICITATION OF AN OFFER TO BUY OR SELL, THE SECURITIES OR FINANCIAL PRODUCTS MENTIONED IN THE CONTENT; NOR A RECOMMENDATION TO PARTICIPATE IN ANY PARTICULAR TRADING STRATEGY. PLEASE CONSULT YOUR BROKER OR OTHER PROFESSIONAL ADVISORS FOR TRADING ADVICE. ALL TRADING REQUIRES RISKING MONEY IN PURSUIT OF FUTURE GAIN. DO NOT RISK MONEY YOU CANNOT AFFORD TO LOSE. ALL FORECASTING IS BASED ON THE STATISTICS OF PAST PERFORMANCE; PAST PERFORMANCE IS NO GUARANTEE OF FUTURE PERFORMANCE. MEMBERS, PRESENTERS AND MODERATORS ARE NOT BROKERS OR LICENSED INVESTMENT ADVISERS AND THEREFORE ARE NOT LICENSED TO GIVE TRADING ADVICE OF ANY SORT NOR MAKE SPECIFIC TRADING RECOMMENDATIONS. CFTC RULE 4.41: 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 ACTUALLY 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.