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CFTC RULE 4.41 – Hypothetical performance results have many inherent
limitations, some of which are described below. No representation is being made
that any account will or is likely to achieve profits or losses similar to those
shown. In fact, there are frequently sharp differences between hypothetical
performance results and the actual results subsequently achieved by any
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addition, hypothetical trading does not involve financial risk, and no
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points which can also adversely affect actual trading results. There are
numerous other factors related to the markets in general or to the
implementation of any specific trading program which cannot be fully accounted
for in the preparation of hypothetical performance results and all of which can
adversely affect actual trading results.

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