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What EnrichedTrade is, and what it is not

EnrichedTrade publishes educational and informational market research: technical analysis, market context, and written commentary on publicly traded securities and options.

We are not a registered investment adviser, broker-dealer, commodity trading advisor, or fiduciary. We do not provide personalized investment advice. We do not know your financial situation, objectives, risk tolerance, account size, time horizon, or tax position, and nothing we publish accounts for them.

Everything we publish is impersonal and written for a general audience. Every subscriber receives identical content. Nothing published is a recommendation that you buy, sell, or hold anything.

We do not:

• Manage, access, or custody any account or funds of yours
• Place, route, or execute any trade on your behalf
• Hold discretionary authority over anything you own
• Guarantee any outcome, return, or level of accuracy

Every trading decision you make is yours alone, and so is every result.

You can lose money, including all of it

Trading options involves substantial risk of loss and is not suitable for every investor.

• Buying options: you can lose 100% of the premium paid. An option that finishes out of the money expires worthless. This is a routine outcome, not a rare one.
• Selling options: losses can substantially exceed the premium received and, on uncovered calls, are theoretically unlimited. Your broker may demand additional margin at short notice.
• Multi-leg positions reduce some risks and add others, including the risk that only part of a position fills or closes.

Do not trade with money you cannot afford to lose entirely. Not borrowed money, not emergency savings, not funds you need in the foreseeable future.

Risks specific to options

Leverage. Options control more than they cost. Small moves in the underlying can multiply or erase an option's value.

Time decay. Options lose value as expiration approaches. You can be right about direction and still lose money because the move took too long.

Volatility changes. A fall in implied volatility can lose you money even when the underlying moves your way. This happens routinely after earnings and scheduled events.

Expiration. Options are wasting assets with a fixed life.

Assignment and early exercise. If you sell options you can be assigned at any time before expiration, leaving you holding or short an unwanted position with margin consequences you did not plan for.

Settlement mechanics. Automatic-exercise thresholds and cut-off times vary by product and broker. Misunderstanding them creates positions and losses you did not intend.

Corporate actions. Splits, dividends, and mergers can change contract terms and deliverables mid-trade.

Execution, liquidity, and cost

Bid-ask spreads on options are often wide. The price you actually get on entry and exit can differ materially from any price shown in our research or on a chart. On thinner contracts the spread alone can consume a large share of a trade's expected return.

We publish research across companies of varying size, including smaller and more volatile names. Liquidity in those contracts can be materially worse than in index ETFs, and can disappear entirely in fast markets.

Slippage is real and compounds. Any figure that assumes a fill at the mid-price overstates what is achievable.

Costs reduce returns. Commissions, contract and exchange fees, assignment fees, and margin interest are not reflected in anything we publish.

Market risk

Markets move violently and without warning. Prices gap between sessions, trading halts, and news outside market hours can move an underlying far past any level before you have a chance to react.

A stop level does not guarantee an exit at that price. A gap through it fills you wherever the market opens, which may be far worse.

The limits of technical analysis

Our research is primarily technical, based on price, structure, trend, and momentum.

• Technical analysis describes what has already happened. It does not predict what happens next.
• Setups fail, sometimes repeatedly and in a row.
• Indicators are derived from price and therefore lag it. They can confirm a move that is already over while giving no warning of a reversal.
• A method that worked in one market regime can stop working when volatility or liquidity changes.

Any custom indicators or tools we make available are educational aids, not signals to trade and not guarantees of accuracy.

How to read the figures we publish

Where we show the price movement of a published idea, understand precisely what the number is.

“Low after signal” and “Peak after signal” are the lowest and highest prices a contract reached at any point after publication. They are not realized returns or results anyone achieved. Capturing either figure would require trading at the exact low or high, which is not something anyone does reliably. These extremes do not show the path the contract took between them.

No figure we publish accounts for the spread you cross, the commissions you pay, the size you take, when you entered, or when you exited. Your results will differ from any figure shown, and may differ substantially and unfavourably.

Any illustration, example, or hypothetical shown is prepared with the benefit of hindsight, did not involve real money at risk, and cannot reproduce the effect of real losses on real decisions.

Past performance and forward-looking statements

Past performance does not indicate future results. No prior sequence of outcomes predicts future outcomes.

Our research may contain forward-looking statements: expectations, projections, or views about future market behaviour. These are opinions, not facts. Outcomes may differ materially, and we are under no obligation to update them.

We make no representation, warranty, or guarantee of profitability or accuracy.

Testimonials and individual results

Any testimonial or member comment we display reflects that individual's own experience. It is not typical, not representative, and not a claim about performance or profitability.

Delivery, data, and availability

Signals are delivered by email and in the member workspace. Email can be delayed, filtered, or fail to arrive for reasons outside our control, so do not rely on any single channel, and do not assume the absence of an alert means anything.

Market data, quotes, and indicator values shown through the service may be delayed, incomplete, or inaccurate, and are supplied by third parties without warranty. Verify anything with your broker before acting on it.

We do not guarantee uptime, any minimum number of published signals, or any publication schedule.

Taxes

Options trading has tax consequences that vary by jurisdiction, account type, holding period, and strategy, and the rules around wash sales, straddles, and assignment are complex. We do not provide tax advice. Consult a qualified tax professional.

Suitability

Options are not appropriate for every investor. Before trading them, consider honestly your experience, your objectives, your financial resources, your ability to absorb a total loss, and how much time you can give to managing positions.

Your broker is required to assess your suitability before approving options trading. Take that process seriously rather than working around it.

Required reading

Before trading options you should read Characteristics and Risks of Standardized Options, published by The Options Clearing Corporation and available from any broker. It is the authoritative statement of options risk and it is more thorough than this page.

Your acknowledgment

By subscribing to or using EnrichedTrade, you acknowledge that you have read and understood this disclosure and that you accept:

• You may lose money, up to and including everything you put at risk
• EnrichedTrade publishes general educational research, not personalized advice
• No advisory or fiduciary relationship exists between you and EnrichedTrade
• Figures we publish are not realized returns and your results will differ
• Every trading decision, and every result, is yours alone
• EnrichedTrade is not liable for your trading or investment losses

Contact

EnrichedTrade@gmail.com