Terms of Use, Disclaimer and Risk Disclosure

Charts and commentary provided by Harmonic Edge are for educational purposes only. Any trades placed upon reliance on Harmonic Edge charts and commentary are taken at your own risk for your own account. Past performance is no guarantee of future results. While there is great potential for reward trading stocks, futures and options, there is also substantial risk of loss and you must decide your own suitability to trade. Future trading results can never be guaranteed. This is not an offer to buy or sell stock, futures, options or commodity interests.

Most trading systems are based on historical formulas which have worked in the past. However, what has happened before may or may not happen again. You can lose all your money trading stocks, futures and options and you must decide your own suitability as to whether or not to trade.  Only trade with true risk capital you can afford to lose. Only trade markets you can properly afford to trade.  Properly funded trading accounts typically perform better than those that are not. Never risk more than 2% of your account on any one trade.  Always define your risk before entering a trade and place a stop to limit your risk.

There are no guarantees or certainties in trading. Trading involves hard work, risk, discipline and the ability to follow rules and trade through any tough periods during a system’s draw downs.  If you are looking for a guarantee, trading is probably not for you. Most people lose trading. One of the reasons is that they lack discipline and are unable to be consistent. A system or methodology can help you become consistent.  Ironically, worrying about the monetary aspect of trading can contribute to and cause a trader to make trading errors.  Therefore, it is important to only trade with true risk capital.

In accordance with NASD Rule 2361 and NFA guidelines, you should consider the following points before engaging in day trading activities:

"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 ACTUALLY 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 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."

Day trading can be extremely risky. Customers should be prepared to lose all of the funds that they have in their account for day trading. They should not fund their day trading activities with retirement savings, student loans, second mortgages, emergency funds, funds set aside for purposes such as education or home ownership, or funds required for current income.

Customers must be cautious of claims of large profits from day trading. Customers need to be wary of advertisements or other statements that emphasize the potential for large profits in day trading. Day trading can also lead to large and immediate financial losses. Day trading requires knowledge of securities markets.

Day trading requires in-depth knowledge of the securities markets and trading techniques and strategies. In attempting to profit through day trading, an investor must compete with professional, licensed traders employed by securities firms. An investor should have appropriate experience before engaging in day trading.

Day trading requires knowledge of a firm's operations. An investor should be familiar with a securities firm's business practices, including the operation of the firm's order execution systems, procedures, and should confirm that a firm has adequate systems capacity to permit customers to engage in day trading activities.

Day trading may result in large commissions. Day trading may require an investor to trade his or her account aggressively, and pay commissions on each trade. The total daily commissions that they pay on trades may add to losses or significantly reduce earnings.

Day trading on margin or short selling may result in losses beyond the initial investment. When customers day trade with funds borrowed from the firm or someone else, they can lose more than the funds originally placed at risk. A decline in the value of the securities that are purchased may require additional funds be paid to the firm to avoid the forced sale of those securities or other securities in an investors account. Short selling as part of a day trading strategy also may lead to extraordinary losses, because stocks and/or futures may have to be purchased at a very high price in order to cover a short position.

Harmonic Edge is a private and independent web site providing information, training, and real time chat for its subscribers and allows subscribers to share and exchange information on stocks and/or futures, although the information is not limited to stocks and futures.

Harmonic Edge is not offering to buy or sell stocks and/or futures mentioned in the chat room and is not representing itself as a registered investment advisor or broker dealer. Harmonic Edge is not licensed with any state or federal authority as an investment adviser. Harmonic Edge is not in the business of giving individualized investment advice, and does not independently qualify trades for particular traders, nor pre-screen or qualify traders in order to assure that traders have the financial means or financial sophistication necessary to bear the risk of potential losses, or understand the particular transactions discussed by Harmonic Edge. Accordingly, Harmonic Edge makes no representations or warranties regarding the appropriateness or advisability of any particular trade for any particular trader or subscriber. Traders who choose to engage in stock and/or futures transactions, whether discussed or not, do so for their own account and at their own risk. Harmonic Edge actively encourages each of its subscribers to engage a qualified and licensed Investment Advisor for the purpose of independent consultation on any stock and/or futures discussed or mentioned by Harmonic Edge.

Harmonic Edge assumes no responsibility for and does not guarantee the accuracy or reliability of information provided in the chat room from the staff of Harmonic Edge or the subscribers. All decisions to act upon stocks and/or futures, whether to buy or sell, is the sole responsibility of the subscriber.

Harmonic Edge does not guarantee or represent that buying or selling of stocks and/or futures mentioned or discussed in the chat room will result in a profit or that losses will not result. Harmonic Edge may provide information concerning past stocks and/or futures discussed in the chat room. There is no intention to represent that investors actually made the gains represented or actually traded in the securities that were the subject of the discussion. There has been no attempt to represent all past historic discussions made by any officers of Harmonic Edge. Harmonic Edge specifically disclaims any implication that these trades fairly represent the nature, performance, or result of past historic stock and/or futures discussions, or that these discussions are representative of possible future gains. Any past stock and/or futures discussions posted to the public are to be used only to demonstrate hypothetical gains which might be realized, and should not be taken as representative of actual gains. Subscribers should bear in mind that there are no guarantees that Subscribers, by following future stock and/or futures discussions, will realize the gains represented and that potential losses from following any future stock and/or futures discussion may far exceed the gains represented in any past stock and/or futures discussions.

(Subscription may hereinafter be referred to as "I," "MY," "ME," "YOUR," "YOU") I understand and agree that any and all trading decisions are made by ME alone. I accept all responsibility for transactions that occur in MY account with MY broker of choice. Due to the risk of loss which can be substantial when buying or selling stocks and futures, YOU should carefully consider YOUR financial condition as to whether trading stocks and/or futures is in YOUR best interest. I understand that when I buy or sell stocks and/or futures, I can incur a loss of some if not all (100%) of MY capital, cash and/or assets I may have pledged to buy stocks and/or futures, and any additional funds that I may have deposited with MY broker of choice to establish or maintain MY position. If the market moves against MY position, I understand that I may be called upon by MY broker to deposit a substantial amount of additional margin funds, on short notice, in order to maintain MY position. If I do not provide the required funds within the prescribed time, I understand MY position may be liquidated by MY broker at a loss, and I will be liable for any resulting deficit in MY account.

I understand that Harmonic Edge is not obligated or responsible for any trading activities between ME and MY broker of choice in MY trading account. I understand there may be times when the market turns against ME or under certain market conditions, it may become difficult, if not sometimes impossible, for ME to liquidate a position, and I take full responsibility should this occur. I understand and agree that, should I buy or sell stocks and/or futures discussed or mentioned in the chat room/Trading Pit, I may experience a profit and I may experience a loss.

I agree not to hold Harmonic Edge responsible for MY orders placed, MY orders filled, MY stocks and/or futures sold, MY stocks and/or futures bought, MY profits made, or MY losses incurred.

I understand and agree that trading stocks and/or futures can be very profitable or can lead to large losses of MY cash, capital, or assets, and I agree not to hold Harmonic Edge responsible should I experience any losses, whether the losses are small or large. I agree and understand that this DISCLAIMER is not implying that these are the only risks involved in trading stocks and/or futures, and it is MY sole responsibility to know, investigate, research, and assume all other risks associated with trading stocks and/or futures. I understand that results anticipated should not be based on past performance of stocks and/or futures discussed in the chat room/Trading Pit.

Harmonic Edge will not be held responsible or liable to subscription or any other parties for the following but not limited to: losses, loss of profits, costs or expenses, loss of use, damages (whether consequential or incidental) resulting from any errors in, emissions of, or alterations to information, links, downloaded material, or accessed material received while accessing the site. Generally reliable sources used to provide information which is discussed in the chat room and/or Trading Pit cannot be guaranteed for accuracy or validity due to the fact that such companies and providers do not provide a guarantee either. As a courtesy to subscribers, Harmonic Edge may make available links to other service providers or vendors. Harmonic Edge makes no warranties, express or implied, as to the fitness or reliability of these providers or vendors. subscription are encouraged to assess independently the providers and their products or services.

Harmonic Edge will not be held liable or responsible for, arising out of use, any interpretation or implementation of information on this site. By using this site, there is no warrant that information contained, obtained, or utilized is error or defect free, or that servers accessed are free of harm or any viruses. YOU agree to be responsible for any and all costs that may occur to your computer and all components.

YOU agree not to duplicate or solicit any information or material from the Harmonic Edge site or the chat room/Trading Pit without the prior written approval and consent from Harmonic Edge.

Harmonic Edge operates the chat room/Trading Pit and YOU assume the entire risk of the trading technique YOU practice. Harmonic Edge expressly disclaims any information posted by any source allowed to post information on the Harmonic Edge web site. Information presented in the chat room/Trading Pit is acted upon solely by YOU and actions taken are solely YOUR decision and not Harmonic Edge.

Harmonic Edge strongly recommends all subscribers practice Paper Trading (trading without using actual cash, and tracking the prices you would be buying and selling a stock and/or futures without actually spending or risking capital) until YOU have found a system with which YOU are comfortable. Keep in mind that Paper Trading is substantially different than actually trading. When Paper Trading, YOU will not experience actual market conditions such as but not limited to: fast moving market, inability to have an order filled, market turns against YOU, slippage, etc. When Paper Trading, you should deduct approximately 20 - 40% of YOUR profit for a more realistic Paper Trading profit figure. This percentage is not guaranteed to be the actual result and should not be used to guarantee what YOUR profit will be when actually trading with YOUR capital. The risk of trading is always YOUR responsibility. Any trading strategies YOU undertake by utilizing the web site or chat room/Trading Pit will expose you to risk.

Harmonic Edge reserves the right to make adjustments to the Monthly Subscription fees at any time it sees fit. A 15 day advanced notice will be given of any Monthly Subscription fee adjustments.

Harmonic Edge has a NO TOLERANCE POLICY for hyping stocks, abusive or vulgar language, and any other types of disruptions in the chat room/Trading Pit and reserves the right to cancel subscribers found abusing this policy.

Governing Law and Interpretation: If any term of this Agreement is held invalid, illegal or unenforceable, the remaining portions shall not be affected. The laws of the State of Arizona, govern this Agreement, your Subscription, and use of our web site. You must comply with all laws, regulations, obligations and restrictions that apply to you. You agree that the courts of the State of Arizona have exclusive jurisdiction for any claim, action or dispute under this Agreement. You also agree and expressly consent to the exercise of personal jurisdiction in the State of Arizona. This Agreement may not be modified, except in writing signed by an authorized officer of Harmonic Edge. No failure or delay in enforcing any term, exercising any option or requiring performance, shall be a waiver of that or any other right.

Harmonic Edge is not associated or affiliated with any brokerage firm, and does not, nor has it ever, received compensation from any firm related to directing orders to any party whatsoever.

The officers and/or staff of Harmonic Edge may hold positions, long and/or short, in specific stocks and/or futures, including those discussed or mentioned in the online chat room. Harmonic Edge is owned and operated by La Canada Companies,C.M. – L.L.C.

Harmonic Edge reserves the right to update, change, or modify this DISCLAIMER and TERMS OF SERVICE at any time without prior and/or further notice. It is the responsibility of the SUBSCRIBER to be aware of and understand any changes. This agreement supersedes prior agreements regarding its subject matter.

I have read and understand ALL conditions of the above Disclaimer, Terms of Service, and Risk Disclosure. I hereby agree to be bound by ALL conditions of the above Disclaimer, Terms of Service, and Risk Disclosure.