Legal Disclaimer

Most traders fail and there is nothing new about it, there is no guarantee of success on any process or methodology. You should strive to learn and develop your own style. Objective of Bull or Bear Ltda is to support you on studying financial markets and improving your skills to take better decisions and, in the end of the day, creating your own style of trading. All information and material provided is for educational purposes only and should not be considered specific investment advice.

U.S. Government Required Disclaimer: Commodity Futures Trading Commission. Futures, options, stocks, ETF’s trading has 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 newsletter is neither a solicitation nor an offer to Buy/Sell futures, stocks, ETF’s or options. Bull or Bear Ltda is intended for educational purposes only. We are not registered investment advisers, in no way associated with any FINRA broker/dealer and do not hold itself out as Commodity Trading Advisors (“CTAs”). The past performance of any trading system or methodology is not indicative of future results.

Simulated Trading: 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 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 actual trading results. You must be aware of the risks and be willing to accept them in order to invest in the Forex, Futures, Equities, ETF’s and Options markets. Don’t trade with money you can’t afford to lose. This newsletter is neither a solicitation nor an offer to Buy/Sell Forex, equities, 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 newsletter. All trades, set-ups, patterns, charts, etc., discussed in this newsletter are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author and do not necessarily reflect those of the publisher.