ZeroTouch · Traducción al español (referencia)
Version 2026-10-06
Please read this statement carefully. By accepting it, you confirm that you understand and accept the following risks. 1. OPTIONS RISK. Options are leveraged instruments. Buying calls, including long-dated calls (LEAPS) and short-dated out-of-the-money calls, can result in the loss of 100% of the premium paid. Out-of-the-money options frequently expire worthless. Prices of options can change rapidly and are affected by the underlying price, time to expiration, volatility and interest rates. 2. CONCENTRATION. The strategies may concentrate capital in a small number of technology stocks or in a single stock chosen by you. Concentration increases volatility and the risk of large losses. 3. AUTOMATED TRADING RISK. The Software places orders automatically. Orders may be delayed, partially filled, filled at unfavorable prices or not executed due to software errors, internet or power failures, computer shutdowns, broker or API outages, market-data problems, trading halts, or other causes outside Licensor's control. Options that finish in the money may be exercised and result in stock positions that require available cash. If the Software is paused (including for non-payment of the license), stopped or not running, it does not manage open positions: they may expire worthless or be exercised or assigned without any exit being executed. You are responsible for monitoring your account at all times. 4. HYPOTHETICAL PERFORMANCE. Backtested and simulated results shown on the website or elsewhere are hypothetical. They were obtained by applying the strategy rules retroactively to historical data, with the benefit of hindsight, and do not represent actual trading. They do not reflect all the effects of liquidity, slippage, commissions, taxes and the impact of real execution. No representation is made that any account will or is likely to achieve profits or losses similar to those shown. Past performance, real or hypothetical, is not indicative of future results. 5. SUITABILITY. You alone are responsible for determining whether options trading and the strategies are suitable for you, considering your financial situation, experience and objectives. Only use capital you can afford to lose entirely. 6. NO ADVICE, NO REGISTRATION. Licensor is not registered as an investment adviser, commodity trading advisor or broker-dealer, does not manage your account and does not provide personalized advice. 7. TAXES AND COSTS. Frequent trading generates commissions, fees and tax consequences that are your responsibility. Broker market-data subscriptions required by the Software are paid by you directly to the broker. 8. CHANGING MARKET CONDITIONS. The strategies were designed and tested on a specific historical period, in which large US technology stocks rose strongly. Market conditions can change in ways that make past and backtested results irrelevant. A strategy that worked in the past may stop working, for a long time or permanently. 9. PROLONGED DRAWDOWNS. The strategies do not sell their positions during market declines. They can go through deep and prolonged drawdowns lasting months or years. In the backtests published on the website, account value fell between 45% and 61% from its previous high; the long-term strategy took about two and a half years to return to that high, and the weekly strategy had losing streaks of up to 24 consecutive weeks. Future drawdowns may be deeper or longer, and an account may never recover its previous value. 10. EXECUTION AND SLIPPAGE. Real fills may differ significantly from those assumed in backtests and from the prices shown on screen. Options can have wide bid-ask spreads and limited liquidity, and the larger the order, the worse the price obtained may be. An order may be filled only in part or not at all.