Full risk disclosure

Important Notices

PLEASE READ THIS FULL RISK DISCLOSURE CAREFULLY BEFORE USING MYDAILYTAKE.COM, ITS CONTENT, OR ANY OF AUTHOR’S SOFTWARE, INDICATORS, OR SERVICES.

This Full Risk Disclosure (“Disclosure”) describes some of the risks associated with trading and with the use of Author’s content, software, indicators, and services. It is not, and is not intended to be, a complete description of every risk involved in trading or in the use of Author’s products. Trading involves substantial risk and is not suitable for all persons. You should read this Disclosure in conjunction with the Terms and Conditions, the Software Agreement, and the Privacy Policy, each available on MyDailyTake.com.

By accessing the Site, using any Author Content, downloading or using any Author software or indicator, or purchasing any Author product or Service, you acknowledge that you have read, understood, and agree to this Disclosure. If you do not agree to this Disclosure, do not access the Site, use Author Content, or use any Author product or service.

This Disclosure includes, where required, the following government-mandated disclosures: the U.S. Commodity Futures Trading Commission required disclaimer, CFTC Rule 4.41 hypothetical performance disclaimer, U.S. Securities and Exchange Commission disclaimers, and disclosures regarding Author’s status as a non-registered party. These disclosures appear in Sections 4 and 12 below and are reproduced in their entirety.

1. No Investment Advice; Educational Purpose Only

MyDailyTake and the individuals operating it (collectively, “Author”) are not a registered investment advisor, broker-dealer, commodity trading advisor (“CTA”), commodity pool operator (“CPO”), futures commission merchant, introducing broker, securities firm, or financial advisor under U.S. federal or state law, or under the laws of any other jurisdiction. Author is not registered with the U.S. Securities and Exchange Commission, the U.S. Commodity Futures Trading Commission, the National Futures Association, the Financial Industry Regulatory Authority, or any equivalent foreign regulator.

No portion of the Site, Author Content, software, indicators, or services constitutes investment advice, financial advice, tax advice, legal advice, or a recommendation to buy, sell, hold, or trade any security, commodity, futures contract, option, currency pair, cryptocurrency, or other financial instrument. All Author Content is provided for informational and educational purposes only.

Author owes you no fiduciary duty. Author does not personalize content to your specific financial situation, risk tolerance, investment objectives, or trading experience. Any examples, demonstrations, charts, screenshots, or hypothetical trades shown by Author are illustrative only and are not tailored to you. You are solely responsible for evaluating whether any concept, strategy, indicator, or product is appropriate for your circumstances.

You should consult with licensed and registered investment advisors, financial advisors, tax professionals, and legal counsel before making any trading or investment decision.

2. You Assume All Risk of Trading

All trading decisions are your sole responsibility. By using the Site, Author Content, Author’s software, or any Author service, you expressly agree that:

  1. You assume full and exclusive liability for all trading decisions you make and all consequences arising from them, whether profitable or unprofitable;
  2. You will not hold Author liable for any loss, damage, missed opportunity, or other consequence of any trade or trading-related decision;
  3. You understand that Author makes no representation, warranty, or guarantee that any trade, strategy, indicator, signal, methodology, or software will produce a profit, prevent a loss, or achieve any specific outcome;
  4. You acknowledge that most traders lose money;
  5. You will use only “risk capital” — funds you can afford to lose without jeopardizing your financial security or lifestyle;
  6. You will not trade on borrowed money, retirement funds, or money needed for living expenses or essential obligations;
  7. You have the financial means, experience, and emotional capacity to withstand losses;
  8. You understand that past performance, whether actual or hypothetical, is not indicative of future results.

3. Substantial Risk of Loss

3.1 General

Trading any financial instrument — including but not limited to stocks, equities, futures contracts, options, foreign exchange (“forex”), cryptocurrencies, exchange-traded funds, contracts for difference, and other derivatives — involves substantial risk of loss. You may lose some or all of your invested capital. In some products, particularly leveraged or margin-based products such as futures and forex, you may lose more than your invested capital and become liable to your broker for the difference.

3.2 Leverage

Many of the instruments addressed by Author’s content, software, and services — including futures and forex — are highly leveraged. Leverage amplifies both gains and losses. Even small adverse market movements can result in significant losses, including losses that exceed the initial margin deposited. Margin calls may require you to deposit additional funds on short notice, and failure to meet a margin call may result in liquidation of your positions at unfavorable prices.

3.3 Volatility

Markets can move sharply and unpredictably. Price gaps, fast markets, news-driven volatility, and other conditions can result in rapid losses and may make it impossible to exit a position at an acceptable price. Stop-loss orders, where used, are not guaranteed to limit losses; they may be filled at prices materially worse than the stop price, or not filled at all.

3.4 Not Suitable for All Investors

Trading is not appropriate for everyone. You should carefully consider, in light of your financial resources, investment objectives, experience, risk tolerance, and other relevant circumstances, whether trading is appropriate for you. If you are in any doubt, you should not trade.

4. Required Government Disclosures

4.1 U.S. Commodity Futures Trading Commission Required Disclaimer

U.S. GOVERNMENT REQUIRED DISCLAIMER — COMMODITY FUTURES TRADING COMMISSION: FUTURES 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 AND OPTIONS MARKETS. DON’T TRADE WITH MONEY YOU CAN’T AFFORD TO LOSE. THIS IS NEITHER A SOLICITATION NOR AN OFFER TO BUY OR SELL FUTURES OR OPTIONS. 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.

4.2 CFTC Rule 4.41 — Hypothetical Performance Disclaimer

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE THE RESULTS SHOWN IN AN ACTUAL PERFORMANCE RECORD, THESE 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 OR HYPOTHETICAL 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.

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT TRADING RESULTS.

4.3 Securities Disclaimer

Author does not provide investment advice regarding securities and is not a registered broker-dealer or investment advisor. Author Content, including any reference to equities, exchange-traded funds, or related instruments, is for informational and educational purposes only and is not a solicitation or offer to buy or sell any security. Any tax consequences from trading are your responsibility; consult a qualified tax advisor.

4.4 Non-Registered Status

Neither Author, nor any of its principals, members, officers, employees, contractors, or affiliates, is a Commodity Trading Advisor, Commodity Pool Operator, Registered Investment Adviser, Broker-Dealer, or Futures Commission Merchant. Author does not manage customer accounts, accept customer funds, or execute trades on behalf of customers. Author provides educational content, software tools, and indicators only.

4.5 Non-Solicitation

Nothing on the Site, in any Author Content, or in any Author software or service is a solicitation or offer to buy or sell any security, commodity, futures contract, option, foreign currency, cryptocurrency, or other instrument. References to specific instruments are descriptive and educational only.

5. No Guarantee of Profit; No Guarantee of Anything

Author makes no representation, warranty, or guarantee of any kind regarding the profitability, performance, accuracy, completeness, reliability, suitability, or timeliness of any Author Content, software, indicator, signal, strategy, methodology, or service. Specifically:

  1. No guarantee that any trade, signal, strategy, or methodology will be profitable;
  2. No guarantee that any indicator, software, or system will operate correctly, continuously, or without error;
  3. No guarantee that any backtested, simulated, or hypothetical result will be reproduced in actual trading;
  4. No guarantee that any educational content will help you become profitable;
  5. No guarantee that any signal, alert, or trade idea is timely, accurate, or actionable;
  6. No guarantee that Author’s products will protect your accounts from loss;
  7. No guarantee that Author’s products will comply with the rules of any Prop Firm, broker, exchange, or regulator;
  8. No guarantee that Author’s products will be compatible with any specific platform, broker, instrument, or data feed.

6. Asset Class–Specific Risks

6.1 Futures Contracts

Trading futures involves high leverage and substantial risk of loss. Specific risks include:

  1. Losses can exceed the initial margin deposited; you may owe additional funds to your broker;
  2. Daily mark-to-market settlement may require additional margin deposits on short notice;
  3. Markets may move limit-up or limit-down, preventing exit at desired prices;
  4. Contract specifications, including tick size and margin requirements, may change without notice from the exchange or broker;
  5. Overnight gaps, weekend events, and news releases can cause material losses outside trading hours;
  6. Pattern day trading rules, position limits, and other regulatory constraints may apply;
  7. Rollover from one contract month to another involves additional risk and cost.

6.2 Options on Futures and Equities

Options trading involves unique risks not present in other instruments, including:

  1. Long options can expire worthless, resulting in a total loss of the premium paid;
  2. Short or “naked” options carry theoretically unlimited risk of loss;
  3. Complex multi-leg strategies (spreads, condors, butterflies, etc.) carry their own specific risks;
  4. Time decay (theta), implied volatility changes (vega), and pin risk at expiration introduce additional variables;
  5. Assignment of short options may occur at any time, requiring action to manage the resulting position;
  6. American-style options and European-style options have different exercise rules.

6.3 Foreign Exchange (Forex)

Trading forex involves high leverage and unique risks, including:

  1. Leverage ratios in forex can be very high (e.g., 50:1 or higher in some jurisdictions), amplifying losses;
  2. The forex market operates 24 hours a day, exposing positions to overnight and weekend gap risk;
  3. Currency-specific risks, including central bank intervention, capital controls, devaluation, and political instability;
  4. Counterparty risk with retail forex brokers, which may be less regulated than futures brokers;
  5. Wider spreads during news events or low-liquidity periods.

6.4 Equities and Exchange-Traded Funds

Trading equities and ETFs involves market risk, individual security risk, sector risk, and macroeconomic risk. Securities can lose all value; companies may be delisted, acquired, or declared bankrupt. Short selling involves theoretically unlimited risk. Margin trading amplifies losses and may result in margin calls.

6.5 Cryptocurrencies and Digital Assets

Trading cryptocurrencies and digital assets involves extreme volatility and unique risks, including:

  1. Volatility substantially greater than that of traditional markets;
  2. Regulatory uncertainty in nearly every jurisdiction;
  3. Counterparty risk with exchanges, custodians, and stablecoin issuers, several of which have failed catastrophically;
  4. Custody and self-custody risks, including loss of private keys and irreversible transaction errors;
  5. Smart contract risk, including bugs and exploits resulting in total loss of funds;
  6. Liquidity risk, including inability to exit positions during stress events;
  7. Tax complexity, including reporting obligations that may not yet be fully defined.

7. Risks Specific to Trading Tools, Indicators, and Software

7.1 Indicators and Signals

Technical indicators, including those developed, distributed, or referenced by Author, are mathematical descriptions of past price or volume data. They are not predictions, recommendations, or guarantees of future price movement. Indicators may give signals that turn out to be wrong, late, or misleading. Indicators may behave differently across different market regimes, time frames, instruments, and data feeds.

You should not rely solely on any indicator or signal to make trading decisions. The use of any indicator or signal in your trading is at your sole risk.

7.2 Automated and Algorithmic Trading

The use of automated or algorithmic trading software introduces additional risks, including:

  1. Software bugs, errors, or unintended behavior may cause unintended trades, missed trades, or runaway positions;
  2. Latency between signal generation and order execution may cause material slippage;
  3. Data feed errors, gaps, or ticks out of order may trigger erroneous signals;
  4. Connectivity loss between the software, the trading platform, and the broker may result in stranded positions or failed orders;
  5. Hardware failures may interrupt automated trading at critical moments;
  6. Operating system updates, third-party software conflicts, and platform updates may break compatibility without warning;
  7. Algorithms developed and tested under one market regime may perform poorly when conditions change;
  8. Automated systems may continue trading during unusual market conditions when human discretion would intervene.

You should never deploy automated trading software without testing it extensively in a simulated environment, and you should never leave automated trading unsupervised.

7.3 Copy Trading and Multi-Account Replication

Software that replicates trades from one account to one or more other accounts, including Author’s Trade Copier, introduces specific risks, including:

  1. Replication is not instantaneous; latency between the master account and follower accounts will result in different fill prices and outcomes;
  2. Slippage between accounts is expected and may be material, particularly in fast or thin markets;
  3. Position sizing across accounts may not be exact, due to rounding, contract multipliers, account-specific risk limits, and configuration choices;
  4. Replication may fail entirely on one or more accounts due to network outages, broker disconnections, broker rejections, or software errors, resulting in unhedged or unequal exposure;
  5. Manual intervention on one account does not propagate to other accounts;
  6. Losses sustained on the master account are replicated to all follower accounts, multiplying total loss;
  7. Use of copy trading software may violate the rules of certain Prop Firms, brokers, or exchanges, with consequences including account termination and revoked payouts.

7.4 Risk Management Software

Risk management software, including Author’s Risk Manager, is a tool to assist in managing trading risk. It is not a guarantee that losses will be limited. Risk management software may fail to perform its intended functions due to:

  1. Trading platform crashes or outages;
  2. Broker connectivity issues, including order rejection;
  3. Internet or network outages;
  4. Hardware failures;
  5. Software bugs or errors;
  6. Configuration mistakes;
  7. Latency between detection of a risk condition and broker-side enforcement;
  8. Open positions held by the broker independent of platform connectivity;
  9. Slippage on flatten orders during fast markets;
  10. Liquidity gaps that prevent immediate position closure;
  11. Markets that move faster than the software’s reaction time.

You must not rely solely on risk management software. You should maintain independent risk discipline, monitor positions and balances directly, and where available, use broker-side risk controls as a backup.

7.5 Backtesting, Hypothetical, and Simulated Results

Backtests, walk-forward tests, and simulated trading results are subject to significant limitations, including:

  1. Hindsight bias. Strategies and parameters tend to be selected with knowledge of how markets behaved, which is not available in advance;
  2. Overfitting. Strategies optimized to perform well on historical data may perform poorly on new data;
  3. No financial or emotional cost. Backtesting does not capture the psychological pressure of risking real money, which materially affects discretionary decisions and adherence to a system;
  4. Liquidity and slippage. Backtests typically assume fills at indicated prices and may not account for realistic slippage, commission, exchange fees, or partial fills;
  5. Survivorship bias. Historical data may exclude instruments that were delisted, merged, or otherwise removed from the data set;
  6. Data quality. Historical tick or bar data may contain errors, gaps, or revisions that do not reflect what was tradable at the time;
  7. Regime change. Market dynamics evolve; strategies that worked in one period may stop working;
  8. Look-ahead bias. Strategies may inadvertently use data that would not have been available at the time of the simulated trade.

All hypothetical, simulated, and backtested results presented by Author are subject to the CFTC Rule 4.41 disclosure set forth above. No representation is made that any account will achieve profits or losses similar to those shown.

8. Prop Firm and Funded Account Risks

Proprietary trading firms (“Prop Firms”), including but not limited to Apex Trader Funding, My Funded Futures, Topstep, Bulenox, The Legends Trading, OneUp Trader, Tradeify, Precision Trader Funding, Fast Track Trading, Flexytrade, and similar firms, offer evaluations, funded accounts, and simulated funded accounts to retail traders.

Trading with Prop Firms involves specific risks, including but not limited to:

  1. Loss of fees. Evaluation fees, activation fees, monthly fees, reset fees, and other charges paid to Prop Firms are generally non-refundable and may be lost regardless of trading performance;
  2. Strict rules. Prop Firms impose strict rules — including daily loss limits, trailing drawdowns, end-of-day drawdowns, position size limits, news trading restrictions, consistency rules, minimum trading day requirements, and holding time rules — violation of which results in immediate account termination;
  3. Rule changes. Prop Firms frequently change their rules, often without notice, and changes may affect previously qualified or active accounts;
  4. Restrictions on tools. Some Prop Firms prohibit or restrict the use of certain trading software, including copy trading software, automated trading, algorithmic trading, and AI-assisted trading. Use of restricted software may result in account termination and revoked payouts;
  5. Disclosure requirements. Some Prop Firms require disclosure of the use of third-party software. Failure to disclose may result in account termination;
  6. Payout denial. Prop Firms may deny, delay, or claw back payouts at their discretion under the terms of their agreements;
  7. Solvency risk. Some Prop Firms have failed, stopped paying, or ceased operations, resulting in total loss of fees paid and accumulated profits;
  8. Simulated nature. Many Prop Firm “funded” accounts are simulated; you are not actually trading live capital. The Prop Firm pays out from its own funds based on simulated performance and reserves the right to deny payouts for many reasons;
  9. Multiple-account aggregation risk. Holding accounts across multiple Prop Firms or multiple programs within a Prop Firm can multiply both losses and the consequences of rule violations.

Author does not endorse, guarantee, or warrant any Prop Firm. Any reference by Author to any specific Prop Firm is descriptive and educational only. You are solely responsible for evaluating any Prop Firm before engaging with them, for understanding and complying with their rules, and for any consequences of your activity on a Prop Firm account.

Author’s software, including the Trade Copier and Risk Manager, does not guarantee compliance with any Prop Firm’s rules. You bear the entire risk of any rule violation, account termination, revoked payout, or other adverse consequence, whether or not such consequence resulted from the action, inaction, or malfunction of Author’s software.

9. Platform, Technology, and Data Risks

9.1 Trading Platform Risk

Author’s software operates on third-party trading platforms, primarily NinjaTrader® 8. NinjaTrader® is a registered trademark of NinjaTrader Group, LLC, which is not affiliated with Author. The trading platform may experience outages, crashes, freezes, performance degradation, or breaking updates. Author has no control over the trading platform and is not responsible for any consequences of platform behavior.

9.2 Data Feed Risk

Trading relies on real-time market data, which may be subject to:

  1. Latency between the exchange and your platform;
  2. Gaps, missing ticks, or ticks delivered out of order;
  3. Data feed disconnections;
  4. Erroneous prints, fat-finger ticks, or other anomalies;
  5. Differences between data feeds, which may cause different instances of the same software to produce different results.

Author makes no warranty regarding the accuracy, completeness, or timeliness of any data feed.

9.3 Internet, Network, and Hardware Risk

Trading requires reliable internet, networking equipment, and computer hardware. Failures of any of these — including ISP outages, router failures, power outages, computer crashes, hard drive failures, or operating system failures — may interrupt trading at critical moments, with material financial consequences. You are responsible for maintaining appropriate infrastructure and backup arrangements.

9.4 Broker Connectivity Risk

Software interacts with brokers through APIs and order routing systems that may experience:

  1. Disconnections requiring manual reconnection;
  2. Order rejection for any number of reasons, including margin, instrument, or account-state issues;
  3. Acknowledgment delays or order-status reporting errors;
  4. API changes by the broker that affect software functionality.

9.5 Software Errors and Updates

Author’s software may contain bugs, errors, or defects that affect its behavior. Updates to Author’s software, to the trading platform, to broker APIs, to operating systems, or to other dependencies may introduce new bugs or break previously working functionality. You are responsible for testing software updates in a simulated environment before relying on them with real capital.

10. Broker, Exchange, and Counterparty Risks

10.1 Broker Risk

You face risk from your broker, including:

  1. Insolvency. Brokers can and have failed. Customer fund protection schemes vary by jurisdiction and may not fully cover your account;
  2. Order execution. Brokers may provide poor execution, internalize order flow, or route orders to venues that are unfavorable to the customer;
  3. Margin changes. Brokers may increase margin requirements unilaterally, particularly during volatility events;
  4. Forced liquidation. Brokers may liquidate positions to meet margin requirements without further notice;
  5. Refusal to honor orders. In extreme circumstances, brokers may refuse to honor orders or close accounts;
  6. Disputes. Disputes with brokers must be resolved under the broker’s terms of service and applicable regulatory arbitration procedures, in which Author plays no role.

10.2 Exchange Risk

Exchanges may experience outages, halt trading, change contract specifications, modify trading hours, declare emergencies, or take other action that adversely affects your positions. Exchange decisions are binding and not subject to dispute by retail traders.

10.3 Clearing and Settlement Risk

Clearing firms, payment networks, and settlement systems may fail, delay, or err. Such failures can affect access to funds, position transfers, and trade confirmations.

11. Market Structure Risks

11.1 Liquidity Risk

You may be unable to enter or exit a position at a desired price due to insufficient market liquidity, particularly during overnight sessions, in less-liquid instruments, during news releases, or during stress events. Slippage in such conditions can be material.

11.2 Gap Risk

Markets can gap significantly between sessions, over weekends, around news releases, and during economic data releases. Gaps can result in fills materially worse than expected, and stop-loss orders may be filled at the open price rather than the stop price.

11.3 Halt and Limit Risk

Trading may be halted by exchanges, regulators, or circuit breakers. Markets may move limit-up or limit-down, preventing exit at any price for an extended period.

11.4 News and Event Risk

Economic data releases, central bank announcements, earnings reports, geopolitical events, and other news can cause sudden, large, and persistent price movements. Such movements may be impossible to anticipate or react to in time.

11.5 Black Swan Risk

Rare, extreme, and unpredictable events — flash crashes, pandemics, war, sovereign defaults, exchange or broker failures, technological breakdowns, and others — can cause losses far greater than typical risk models predict. No system, indicator, or risk control can protect against all such events.

12. Hypothetical Performance, Demonstrations, and Examples

All trading results, charts, screenshots, demonstrations, examples, and case studies presented by Author should be assumed to be hypothetical, simulated, or otherwise illustrative unless Author expressly states in writing that they reflect actual trading on an actual account funded with actual capital. Even when Author demonstrates software live, demonstrations may be conducted on simulated accounts, with backfilled data, or under conditions that do not reflect actual market participation.

The hypothetical performance disclosure in Section 4.2 (CFTC Rule 4.41) applies to all such results and is reproduced in its entirety above.

13. Author’s Personal Trading and Conflicts of Interest

Author may trade for Author’s own personal account using Author’s software, indicators, methodologies, or strategies, or using methods unrelated to Author’s products. Author’s personal trading activity may differ materially from any examples, demonstrations, or educational content shown publicly.

Author may benefit financially from sales of products, subscriptions, affiliate relationships with brokers or Prop Firms, sponsorships, advertising, or other arrangements. Where Author has a material financial relationship with a third party that Author references, Author endeavors to disclose such relationships in accordance with FTC guidance. The existence of such relationships does not constitute investment advice or endorsement.

Author commits that:

  1. Author will not sell individual user trade data to third parties;
  2. Author will not use individual user trade data for Author’s own personal trading;
  3. Author may use aggregated, anonymized data for product improvement and analytics.

14. Psychological, Behavioral, and Discretionary Risks

Trading is psychologically demanding. Common behavioral risks include:

  1. Overconfidence after winning streaks, leading to excessive risk-taking;
  2. Revenge trading after losses, leading to deviation from a strategy;
  3. Fear of missing out, leading to chasing trades or entering at unfavorable prices;
  4. Loss aversion and the disposition effect, leading to holding losers and selling winners prematurely;
  5. Sunk cost fallacy, leading to adding to losing positions to “average down”;
  6. Confirmation bias, leading to disregarding information contrary to existing positions;
  7. Recency bias, leading to overweighting recent results and underweighting historical context;
  8. Fatigue, stress, and emotional volatility, leading to impaired judgment;
  9. Failure to follow a system during stressful conditions, even when the system would have produced better outcomes.

These risks affect every trader to some degree and can erode performance regardless of the quality of any indicator, system, or platform used.

15. Tax Risks

Trading activity has tax consequences that vary by jurisdiction, instrument, holding period, account type, and individual circumstances. Tax issues include but are not limited to short-term capital gains taxation, mark-to-market elections, Section 1256 contracts, wash-sale rules, foreign account reporting, and state-level taxes. Tax laws change frequently.

Author does not provide tax advice. You are solely responsible for reporting your trading activity correctly and paying all applicable taxes. You should consult a qualified tax professional.

16. Regulatory and Legal Risks

The legal and regulatory environment governing trading varies significantly by jurisdiction and changes over time. Risks include:

  1. Rules, registrations, licenses, or restrictions in your jurisdiction may make trading certain instruments or using certain tools unlawful;
  2. Regulators may change rules in ways that affect your existing positions, accounts, or strategies;
  3. Certain instruments, brokers, or services may become unavailable in your jurisdiction without notice;
  4. Sanctions, anti–money laundering rules, and “know your customer” requirements may result in account restrictions or closures;
  5. Reporting obligations may apply to your trading activity.

You are solely responsible for compliance with all applicable laws and regulations in your jurisdiction.

17. Cybersecurity and Account Security Risks

Trading accounts, exchange accounts, brokerage accounts, email accounts, and computer systems are targets of cyberattacks, phishing, social engineering, malware, and unauthorized access. You are solely responsible for:

  1. Securing your accounts with strong, unique passwords;
  2. Enabling multi-factor authentication wherever available;
  3. Protecting your computer and network from malware and unauthorized access;
  4. Recognizing and avoiding phishing attempts, including any communication purporting to be from Author requesting passwords, payment information, or remote access;
  5. Maintaining secure backups of important data;
  6. Notifying Author, your broker, or your platform vendor promptly of any suspected unauthorized access.

Author will never request your account password, broker credentials, or full payment card numbers.

18. No Reliance on Author Content

Author Content — including blog posts, articles, videos, screenshots, podcasts, newsletters, social media posts, indicators, software, support communications, and any other material — is for general informational and educational purposes only. Author Content does not reflect your specific financial situation, risk tolerance, account size, instruments traded, or other relevant factors.

You should not make trading or investment decisions based solely on Author Content. You must conduct your own analysis, exercise your own judgment, consult with licensed professionals as appropriate, and assume responsibility for the consequences of your decisions.

19. Acknowledgments by User

By accessing or using the Site, Author Content, or any Author product or service, you acknowledge and agree that:

  1. You have read and understood this Disclosure in full;
  2. You understand that trading involves substantial risk of loss;
  3. You have the financial means, experience, and emotional capacity to absorb potential losses;
  4. You are using only risk capital that you can afford to lose;
  5. You assume sole responsibility for all trading decisions and their outcomes;
  6. You will not hold Author liable for any losses, missed opportunities, or other consequences of your trading;
  7. You understand that Author is not a registered investment advisor, broker-dealer, CTA, or financial advisor;
  8. You understand that Author Content is for informational and educational purposes only;
  9. You understand that hypothetical and simulated performance results have inherent limitations and do not represent actual trading;
  10. You understand that past performance is not indicative of future results;
  11. You understand that most traders lose money;
  12. You understand the specific risks of any asset class you trade, including leverage, volatility, and liquidity risk;
  13. You understand the risks of automated trading, copy trading, and risk management software, where applicable;
  14. You understand the risks specific to Prop Firm trading, where applicable;
  15. You will consult licensed professionals before making material financial decisions.

20. Relationship to Other Documents

This Disclosure is incorporated by reference into Author’s Terms and Conditions and Software Agreement and should be read alongside both, along with the Privacy Policy and any Affiliate Program Terms, each available on MyDailyTake.com. In the event of any conflict between this Disclosure and the Terms and Conditions or Software Agreement on the subject of trading risks, the most protective provision in favor of Author shall apply.

21. Modifications to This Disclosure

Author may modify this Disclosure at any time in its sole discretion. Material changes will be communicated by posting on the Site and, where Author deems appropriate, by email. The “Last Updated” date at the top reflects the most recent change. Your continued use of the Site, Author Content, or any Author product or service after the effective date of any modification constitutes acceptance of the modified Disclosure.

22. Severability

If any provision of this Disclosure is held invalid, illegal, or unenforceable, the remaining provisions shall remain in full force and effect, and the invalid provision shall be modified to the minimum extent necessary to make it enforceable while preserving its intent.

23. Governing Law and Dispute Resolution

This Disclosure is governed by the laws of the Commonwealth of Virginia, United States, without regard to its conflict of laws principles. Any dispute arising out of or relating to this Disclosure is subject to the dispute resolution provisions of the Terms and Conditions, including mandatory arbitration in Fairfax County, Virginia and a class action waiver.