Risk Disclosure

Educational Content Only

PJ Trades, the premium guidance, Discord posts, stock lab, Forex calendar, videos, screenshots, examples, and trade reviews are provided for education and information only. They are not personalized financial advice, investment advice, tax advice, legal advice, or a recommendation to buy or sell any security, derivative, currency, crypto asset, or futures product.

Read This First

Trading is risky. Most people who try to day trade lose money. The risks below are not the same for every product, so they are listed separately — the risk of buying a share of stock and the risk of selling an uncovered call are not comparable, and this page does not blur them together.

Only risk money you can afford to lose entirely. Never trade with rent, tuition, borrowed money, or an emergency fund.

Stocks

The price of a share can fall to zero, and a company can be delisted or go bankrupt, in which case common shareholders are usually paid last and often paid nothing. If you trade on margin, your losses are magnified, you owe interest, and your broker can liquidate positions in a margin call without contacting you first — a margin loss can exceed the cash you put in. Low-float, small-cap, and thinly traded names can move very far on little volume and can be hard to exit at any price you like.

Options You Buy (Long Calls and Puts)

A long option can and often does expire worthless. The maximum loss is the entire premium plus fees, and that outcome is common rather than exotic. Options lose value as time passes (time decay) even when the underlying does not move against you, and a fall in implied volatility can lose you money on a correct directional call. Being right about direction but wrong about timing still loses the full premium. Short-dated and weekly options carry these effects in their most extreme form.

Options You Sell (Uncovered / Short Options)

Selling an uncovered (naked) call has unlimited loss potential. There is no ceiling on how high a stock or index can go, so there is no upper bound on the loss, and it is not capped by your account balance. Selling an uncovered put exposes you to a loss down to zero on the underlying, which on a large notional can be far more than the premium collected.

Short option positions require margin, and that margin requirement can be raised without warning. You can be assigned early, at any time, including on a position you expected to expire harmlessly, and assignment can leave you holding a large stock position you did not plan to fund. Spreads and other defined-risk structures can still fail to behave as expected if one leg is assigned or if you cannot close both legs at once.

Before trading any option, read the current OCC options disclosure document, Characteristics and Risks of Standardized Options: theocc.com/company-information/documents-and-archives/options-disclosure-document. Your broker must give you a copy before approving you for options.

Futures

Futures losses are not limited to your deposit. You can lose more than the money you put into the account, and you can be legally required to pay that shortfall (a debit balance) to your broker. Futures are leveraged: a small deposit controls a much larger contract value, so a small move in the underlying is a large move in your account. On the products discussed on this site, a handful of points can be worth more than a typical day’s intended risk.

Margin requirements can be increased intraday, and a broker can liquidate your positions without notice if you fall below maintenance margin. Markets can gap through your price overnight, over a weekend, or on a news release, and can hit limit up or limit down so that you cannot get out at all until trading resumes.

Forex

Retail forex is typically traded with high leverage, which magnifies losses as much as gains, and depending on your jurisdiction and broker you may lose more than your deposit. Much retail forex trades over the counter rather than on an exchange, so your counterparty is the broker itself, quotes and spreads are set by that broker, and you carry the broker’s credit risk. Spreads can widen sharply around economic releases, rollovers, and thin sessions. Currency pairs can also be affected by central-bank intervention or a change in a currency peg, which can move a market violently in seconds.

Prop Firm and Funded Accounts

An evaluation or “funded” account is a contract with a private company, not a brokerage account you own. Read that company’s agreement. Evaluation fees, resets, and monthly fees are usually not refundable, and most people who buy evaluations do not reach a payout.

Typical rules — daily loss limits, trailing drawdown, consistency requirements, news-trading restrictions, minimum trading days, and profit splits — can close your account for a rule breach even on a profitable day, and a breach can be triggered by unrealised drawdown while a trade is still open. Payouts depend on the firm remaining solvent and honouring its own terms. Nothing on this site is a guarantee that any firm will pay, or that its stated rules will not change.

Orders, Stops, and Fills

A stop-loss order is not a guaranteed exit price. A stop is an instruction that becomes a market order (or a limit order) once it is touched; it does not reserve a price for you. In a gap, a fast market, or a thin book, your fill can be far worse than your stop level, and your loss can be much larger than the number your position-size calculation assumed.

Gaps over a weekend, an earnings release, or an economic print can jump straight past your stop with no trades in between. Thin liquidity — overnight sessions, holidays, illiquid strikes, small-cap names — produces wider spreads and worse fills in both directions. Slippage, commissions, exchange and regulatory fees, financing costs, and taxes all reduce real returns and are usually left out of illustrations. Platform outages, data feed failures, internet loss, and broker downtime can leave you unable to manage or exit a position at all.

Hypothetical and Simulated Results

Calculators, simulators, and projections on this site — including the growth, tick, sizing, and prop-risk tools on the home page — are hypothetical illustrations. They are arithmetic on the numbers you type. They are not a forecast, and no figure they show has been achieved by anyone.

Hypothetical performance has inherent limitations. It is prepared with hindsight, it does not represent actual trading, no real money is at risk, and it cannot reproduce the financial and emotional pressure of trading a live account. Because the trades were not actually placed, results may under- or over-compensate for factors such as a lack of liquidity, missed fills, slippage, fees, and the discipline required to follow a plan through a losing stretch. A fixed daily dollar or percentage target is not a trading edge; markets do not pay a set amount per day, and no method produces a steady daily gain.

Past performance, real or hypothetical, is not indicative of future results.

Results, Screenshots, and Testimonials

Results shown on this site are examples only. They are not guarantees, promises, or typical outcomes. Screenshots and testimonials may reflect unusual results, selected examples, or specific market conditions, and a screenshot of a single trade or a single day says nothing about the account’s overall record.

Ratings, review counts, member counts, and Discord or Whop community figures are measures of how many people have joined or left feedback. They are not trading results, they do not describe anyone’s profit or loss, and they should not be read as evidence that the material works.

Data and Third-Party Sources

Market data, analyst targets, economic-calendar data, source links, and API-fed information can be delayed, incomplete, incorrect, unavailable, or changed without notice. Always verify information from original sources before making a decision.

Your Responsibility

You are responsible for your own decisions, risk management, broker/platform settings, position sizing, and compliance with any rules that apply to you. This page is a general risk warning written for a general audience; it is not legal advice and it is not a complete list of every risk. Consult a licensed professional before making financial decisions.