Risk Disclaimer

Last updated: September 9, 2026

Read this page before you use anything published on smartflowfutures.net. It sets out, in plain terms, the risks involved in the activity this Site discusses and the limits of what this Site is.

Futures Trading Involves a Substantial Risk of Loss

Trading futures contracts carries a substantial risk of loss and is not suitable for every investor. A significant proportion of people who attempt it lose money. You should not trade futures unless you fully understand the mechanics of the contracts you are trading, the margin requirements attached to them, and the amount you stand to lose.

The educational material on this Site does not reduce that risk. Understanding a concept is not the same as being able to apply it profitably under live market conditions.

Leverage Can Produce Losses Greater Than Your Deposit

Futures are leveraged instruments. The margin you post is a performance bond, not the full value of the position you control. A small adverse move in the underlying market can produce a loss that is large relative to your account.

Losses are not limited to the amount you deposited. You can lose more than your initial margin, you can be required to deposit additional funds on short notice, and your positions can be liquidated at a loss without your consent if you fail to meet a margin call. In fast or illiquid markets, protective orders such as stop-loss orders may be filled at prices materially worse than the level you specified, or may not be executable at all.

Risk Only Capital You Can Afford to Lose

Never fund a trading account with money you need for living expenses, housing, healthcare, debt repayment, education, retirement, or an emergency reserve. Do not trade with borrowed funds. Assume, before you place a trade, that the capital committed to it may be lost in full.

Past Performance Does Not Predict Future Results

Any results, examples, chart annotations, case studies, or historical illustrations shown on this Site describe what happened in the past. Past performance is not indicative of future results. Market conditions, liquidity, volatility, participants, and regulation change, and a method that performed well over one period can fail over another.

Hypothetical and Simulated Results Carry Inherent Limitations

Some material on this Site may describe hypothetical, backtested, or simulated outcomes, including examples marked on historical charts and results obtained in a demo or paper-trading environment. Such results have inherent limitations, and the following points should be understood before any weight is placed on them.

• Hypothetical results do not represent actual trading. Because the trades were not executed, the results may under- or over-compensate for the effect of market factors such as slippage, partial fills, and a lack of liquidity at the intended price.
• Simulated programs are generally designed with the benefit of hindsight. The person constructing the example already knows how the market moved, which no live trader does at the moment of decision.
• No representation is made that any account will, or is likely to, achieve profits or losses similar to those shown.
• Simulated trading does not reproduce the financial and psychological pressure of risking real capital, which is a material factor in live results.

The above is a plain-language summary of the concerns that regulators have long expressed about hypothetical performance in the derivatives industry, including in the rules governing the CFTC-regulated sector. It is our own wording and is not an official regulatory text.

No Personalized Investment Advice

Everything published on this Site is general educational content addressed to a broad audience. It takes no account of your financial situation, your objectives, your tax position, your experience, or your tolerance for risk.

Nothing on this Site is a recommendation to buy, sell, hold, or refrain from trading any contract, instrument, or market. No article, chart, video, comment, email, or message from us constitutes personalized investment advice, and none should be treated as a trading signal.

We Are Not Registered as an Adviser, CTA, or NFA Member

Chriss Rakoot, the author and editor of this Site, is not a registered investment adviser. He is not registered with the Commodity Futures Trading Commission as a Commodity Trading Advisor, and he is not a member of the National Futures Association.

NET STUDIO LLC, the publisher of this Site, is not a broker, dealer, futures commission merchant, introducing broker, or asset manager. We do not accept client funds, we do not manage accounts, we do not sell signals, and we do not offer any paid service. The Site is free to use and exists solely to explain how order flow and Smart Money Concepts are read.

Most Retail Traders Lose Money

The statistical record for retail speculators is unfavorable. Across the industry, disclosure data published by regulated brokers consistently shows that a large majority of retail accounts lose money over time, and attrition among new traders is high. Costs, commissions, spreads, financing, and taxes work against the account continuously, while the discipline required to survive drawdowns takes years to develop.

You should approach this activity expecting to be in the losing majority, and structure your risk accordingly. Anyone who tells you otherwise is selling something.

Seek Independent Professional Advice

Before opening a futures account or committing capital, consult a licensed financial professional, and where relevant a qualified tax adviser or attorney, who is able to review your full circumstances. Read the risk disclosure documents your broker is required to provide, and do not proceed until you understand them.

Adults Only

This Site is intended for persons who have reached the age of majority in their jurisdiction. It is not directed at minors, and no part of it should be used by anyone who is not legally permitted to open a trading account.

Your Decisions Are Your Own

By using this Site, you accept that any trading decision you make is yours alone and that you bear full responsibility for its outcome. NET STUDIO LLC, its members and contributors, and Chriss Rakoot accept no liability for any loss, direct or indirect, arising from the use of, or reliance on, material published here.

Contact

Questions about this disclaimer may be sent to:

• NET STUDIO LLC
• 1501 South Greeley Hwy, Ste C #1386, Cheyenne, WY 82007, United States
• Email: contact@smartflowfutures.net
• Phone: +1 307 316 0827