Our track records are
utilized as a “model” to
present a general idea
of how our research and
specific picks have
fared since the
inception of our service
and in various market
conditions. Our trades
are posted each evening,
and are followed from
start to finish.
However, we are in no
way representing that
similar results will be
achieved by following
our strategies and
picks. In addition, we
include as part of our
disclaimer information
that is required by the
NFA in reference to
back-tested trading
systems as well as
hypothetical track
records, which is as
follows:
CFTC RULE 4.41
HYPOTHETICAL PERFORMANCE
RESULTS HAVE MANY
INHERENT LIMITATIONS,
SOME OF WHICH ARE
DESCRIBED BELOW. NO
REPRESENTATION IS BEING
MADE THAT ANY ACCOUNT
WILL OR IS LIKELY TO
ACHIEVE PROFITS OR
LOSSES SIMILAR TO THOSE
SHOWN. 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 IN
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
ACTUAL TRADING RESULTS.
THIS COMPOSITE
PERFORMANCE RECORD IS
HYPOTHETICAL AND THESE
TRADING ADVISORS HAVE
NOT TRADED TOGETHER IN
THE MANNER SHOWN IN THE
COMPOSITE. HYPOTHETICAL
PERFORMANCE RESULTS HAVE
MANY INHERENT
LIMITATIONS, SOME OF
WHICH ARE DESCRIBED
BELOW. NO REPRESENTATION
IS BEING MADE THAT ANY
MULTI-ADVISOR MANAGED
ACCOUNT OR POOL WILL OR
IS LIKELY TO ACHIEVE A
COMPOSITE PERFORMANCE
RECORD SIMILAR TO THAT
SHOWN. IN FACT, THERE
ARE FREQUENTLY SHARP
DIFFERENCES BETWEEN A
HYPOTHETICAL COMPOSITE
PERFORMANCE RECORD AND
THE ACTUAL RECORD
SUBSEQUENTLY ACHIEVED.
ONE OF THE LIMITATIONS
OF A HYPOTHETICAL
COMPOSITE PERFORMANCE
RECORD IS THAT DECISIONS
RELATING TO THE
SELECTION OF TRADING
ADVISORS AND THE
ALLOCATION OF ASSETS
AMONG THOSE ADVISORS
WERE MADE WITH THE
BENEFIT OF HINDSIGHT
BASED UPON THE
HISTORICAL RATES OF
RETURN OF THE SELECTED
TRADING ADVISORS.
THEREFORE, COMPOSITE
PERFORMANCE RECORDS
INVARIABLY SHOW POSITIVE
RATES OF RETURN. ANOTHER
INHERENT LIMITATION ON
THESE RESULTS IS THAT
THE ALLOCATION DECISIONS
REFLECTED IN THE
PERFORMANCE RECORD WERE
NOT MADE UNDER ACTUAL
MARKET CONDITIONS AND,
THEREFORE, CANNOT
COMPLETELY ACCOUNT FOR
THE IMPACT OF FINANCIAL
RISK IN ACTUAL TRADING.
FURTHERMORE, THE
COMPOSITE PERFORMANCE
RECORD MAY BE DISTORTED
BECAUSE THE ALLOCATION
OF ASSETS CHANGES FROM
TIME TO TIME AND THESE
ADJUSTMENTS ARE NOT
REFLECTED IN THE
COMPOSITE.
EDUCATION, NOT
RECOMMENDATIONS
Raghee Horner publishes
information that is
educational in nature
and designed to
contribute to your
overall understanding of
various types of
technical analysis and
how we apply this
information to the
financial markets. We
are in no way
recommending the
purchase, sale or short
sale of any securities,
options, futures or
other financial
instruments. Trading of
stocks, options, and
futures may not be
suitable for everyone
and may involve the risk
of losing part of your
money, all of your
money, or in the case of
futures, more than all
of your money.
We at Raghee Report are
not Financial Advisors
or Registered Analysts.
We do not offer our
various model portfolios
as trading
recommendations for you
to copy. These models
represent our own
accounts and/or opinions
and are intended to
teach our style of
trading. It is up
to you to make your own
decisions as what you
want to do with your own
portfolio.
We do not claim to have
a special insight into
the markets that prevent
us from making mistakes.
We do make mistakes.
However, we believe our
successes more than make
up for our mistakes, and
will continue to offer
our education until
proven otherwise.
Observe our mistakes and
utilize these lessons in
your own trading
programs.
Trading of forex,
options, and futures,
may not be suitable for
everyone. Though there
are large potential
rewards, short-term
trading is very risky,
especially when your
accounts are fully
margined. There is
certainly a chance in
which you can lose all
of your money. If you
are trading futures,
there is a chance that
your account can go
negative, and that you
will end up owing money
to your broker. In
addition, prior to
buying or selling a
stock, option, forex or
futures contract, an
investor will need a
broker, and they must
meet suitability
requirements in order to
trade these specific
instruments..
By accepting this
disclaimer you are
acknowledging the risks
involved in trading the
stock, options, and
futures markets and are
also acknowledging that
you, the subscriber, and
not Raghee Horner or the
Raghee Report., are
solely responsible for
any losses, financial or
otherwise, as a result
of using this service.
Raghee Horner or the
Raghee Report. shall
under no circumstances
be liable for any lost
profits, lost
opportunities,
misstatements, or errors
contained within these
pages. You also agree
that Raghee Horner or
the Raghee Report will
not be held liable for
data accuracy, server
problems, or any special
or consequential damages
that result from the use
of, or the inability to
use, any or all of the
materials published on
our Website. You agree
to hold Raghee Horner
and the Raghee Report
harmless for any act
resulting directly or
indirectly from this
site, its data, content,
materials, associated
pages and documents.
Raghee Horner may or may
not have positions in
the educational picks
posted to the site
through its newsletters
or in the trading
rooms. In addition,
hypothetical performance
results have many
inherent limitations,
some of which are
described below. No
representation is being
made that any account
will or is likely to
achieve profits or
losses similar to those
shown. In fact, there
are frequently sharp
differences between
hypothetical performance
results and the actual
results 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 in
actual trading,
including the ability to
withstand losses.
Finally, past
performance is in no way
indicative of future
results.
If you find yourself
interested in our
trading styles, remember
that it is important to
diversify your
investments and not
throw all of your money
into one basket or
technique. If you do
copy our buys and sells,
you are doing so at your
own risk. We're not
recommending that anyone
copy us, and believe
that all investors
should make their own
decisions. We are here
to teach by example,
through our successes
and mistakes.
You agree to defend,
indemnify and hold us
and our affiliates
harmless from any and
all claims, liabilities,
costs and expenses
arising in any way from
your use of any services
provided by Raghee
Horner or the Raghee
Report
