Risk Disclosure & Legal Disclaimer
Required Reading for Systematic & Quantitative Equity Trading
High-Risk Investment Warning
Trading stocks, options, and exchange-traded funds (ETFs) involves substantial risk of loss and is not suitable for every investor. An investor could potentially lose all or more than the initial investment. Never trade with capital you cannot afford to lose.
CFTC & SEC Rule 4.41 — Hypothetical Performance Disclosure
Mandatory Regulatory Notice:
"HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY.
SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN."
Limitations of Historical Point-in-Time Backtesting
While AlphaSteady incorporates rigorous point-in-time Point-in-Time Financials ingestion to prevent lookahead and restatement biases, historical backtested returns reflect past market regimes. Past statistical correlations between factors (such as momentum, low volatility, or value) may decouple or invert during black swan events, macro interest rate shocks, or liquidity freezes.
No Personalized Investment Advice or Broker Recommendation
No content, factor score, screener filter, preset strategy, backtest report, or automated rebalance calculation produced by AlphaSteady constitutes personalized investment, tax, legal, or financial advice. AlphaSteady is not an investment advisor, financial planner, or registered broker. You are solely responsible for evaluating the merits and risks associated with any security or quantitative strategy.
Execution Latency, Slippage & Broker Failure Risks
Automated execution through third-party brokers (such as Alpaca) relies on internet infrastructure, exchange order routing, and API availability. AlphaSteady cannot guarantee order fill prices, execution speed, or protection against exchange halts, server disconnects, or unexpected network failures.