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You should consider the
following points before engaging in a day-trading
strategy. For purpose of this notice, a “day-trading strategy” means an overall trading strategy characterized by the regular transmission by a customer of intra-day orders to effect both purchase and sale transactions in the same security or securities. Day trading can be extremely risky. Day trading generally is not appropriate for someone of limited resources and limited investment or trading experience and low risk tolerance. You should be prepared to lose all of the funds that you use for day trading. In particular, you should not fund 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 to meet your living expenses. Further, certain evidence indicates that an investment of less than $50,000 will significantly impair the ability of a day trader to make a profit. Of course, an investment of $50,000 or more will in no way guarantee success. Be cautious of claims of large profits from day trading. You should 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 in-depth knowledge of the securities markets and trading techniques and strategies. In attempting to profit through day trading, you must compete with professional licensed traders employed by securities firms. You should have appropriate experience before engaging in day trading. Day trading requires knowledge of a firm’s operations. You should be familiar with a securities firm’s business practices, including the operation of the firm’s order execution systems and procedures. Under certain market conditions, you may find it difficult or impossible to liquidate a position quickly at a reasonable price. This can occur, for example, when the market for a stock suddenly drops, or if trading is halted due to recent news events or unusual trading activity. The more volatile a stock is, the greater the likelihood that problems may be encountered in executing a transaction. In addition to normal market risks, you may experience losses due to systems failures. Day trading will generate substantial commissions, even if the per trade cost is low. Day trading involves aggressive trading, and generally you will pay commissions on each trade. The total daily commissions that you pay on your trades will add to your losses or significantly reduce your earnings. For instance, assuming that a trade costs $16 and an average of 29 transactions are conducted per day, an investor would need to generate an annual profit of $111,360 just to cover commission expenses. Day trading on margin or short selling may result in losses beyond your initial investment. When you day trade with funds borrowed from a firm or someone else, you can lose more than the funds you originally placed at risk. A decline in the value of the securities that are purchased may require you to provide additional funds to the firm to avoid the forced sale of those securities or other securities in your account. Short selling as part of your day-trading strategy also may lead to extraordinary losses, because you may have to purchase a stock at a very high price in order to cover a short position. Potential Registration Requirements. Persons providing investment advice for others or managing securities accounts for others may need to register as either an “ Investment Advisor” under the Investment Advisors Act of 1940 or as a “Broker” or “Dealer” under the Securities Exchange Act of 1934. Such activities may also trigger state registration requirements. Past performance is not a guarantee of future results. shoguntrading.com is an educational service, not an investment advisor. All subscribers to each service receive the exact sametrading signal publications. Active trading is not for everyone, please speak to your investment advisor before determining the suitability of shoguntrading.com educational services for your objectives and risk tolerance. The performance results noted above are hypothetical. Unlike an actual performance record, hypothetical results do not represent actual trading. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. Since trades have not actually been executed, results may vary due to market factors such as lack of liquidity, slippage and commissions. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown above. Shogun Trading, Inc ("shoguntrading") is a Florida corporation with offices located at3300 N University Dr #712,Coral Springs, FL 33065-6309. shoguntrading provides training, educational, and market information services through its web site located at www.shoguntrading.com (the "Site"). shoguntrading is not registered as an investment adviser. Rather, shoguntrading relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws. The Site is a bona fide publication of general and regular circulation offering impersonalized investment-related advice to subscribers and/or prospective subscribers (e.g., not tailored to the specific investment needs of current and/or prospective subscribers). The Site is currently limited to the dissemination of impersonal investment-related information pertaining to shoguntrading's trend-based analyses (the "Service"), together with access to additional impersonal investment-related information and links. The publication of the Site on the Internet should not be construed by any subscriber and/or prospective subscriber as shoguntrading's solicitation to effect, or attempt to effect transactions in securities over the Internet. shoguntrading may receive a fee from an affiliated or unaffiliated service provider that it may recommend on the Site. While shoguntrading may review the products and services of any such recommended affiliated or unaffiliated service provider, subscribers and/or prospective subscribers are urged to determine for themselves whether any such recommended service provider is appropriate for his/her/its individual circumstances prior to the engagement thereof. shoguntrading does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to the Site or incorporated therein, and takes no responsibility therefor. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly. . Subscribers to the Service do not receiveinvestment reporting, investment supervisory orinvestment managementservices, nor the ongoing review or monitoring of the subscriber's individual investment portfolio. Therefore, no Service subscriber should assume that his/her/its participation in the Service serves as a substitute for ongoing individual personalized advice from an investment professional of the subscriber's choosing. Rather, the Service is designed solely to provide subscribers with a method to evaluate and obtain information on market analysis, current events, trade methodology, and other related information. The Service subscriber maintains absolute discretion as to whether or not to follow any proposed Service recommendations or any portion thereof. shoguntrading does not offer or provide investment implementation services, nor does it offer or provide initial or ongoing individual personalized advice (neither in person nor via the Internet). Past performance may not be indicative offuture results. Therefore, no current or prospective subscriber should assume that the future performance of any specific investment, investment strategy (including the investments and/or investment strategies recommended or undertaken by the Service) or product made reference to directly or indirectly by shoguntrading on the Site, or indirectly via a link to an affiliated and/or unaffiliated third party web site, will be profitable or equal historical or anticipated performance level(s). Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or investment strategy, including the recommendations and/or strategies of the Service, will be suitable and/or profitable for a subscriber's and/or prospective subscriber's investment portfolio. Certain portions of the Site (i.e. newsletters, articles, commentaries, etc.) may contain a discussion of, and/or provide access to, shoguntrading's (and those of other investment and non-investment professionals) positions and/or recommendations as of a specific prior date. Due to various factors, including, but not limited to, changing market conditions, such discussion may no longer be reflective of current position(s) and/or recommendation(s). Moreover, no subscriber or prospective subscriber should assume that any such discussion serves as the receipt of, or a substitute for, individual personalized advice from an investment professional of his/her/its choosing. To the extent that any subscriber or prospective subscriber utilizes any economic calculator or similar device contained within or linked to the Site, the subscriber or prospective subscriber acknowledges and understands that the information resulting from the use of any such calculator/device should not be construed, in any manner whatsoever, as the receipt of, or a substitute for, advice from shoguntrading, or from any other affiliated or unaffiliatedinvestment professional linked to the Site. Each subscriber or prospective subscriber acknowledges and accepts the limitations of the Service, and agrees, as a condition precedent to his/her/its access to the Site, to release and hold harmless shoguntrading, its officers, directors, owners, employees and agents from his/her/its subscription to the Service.
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