PITTRADER LLC – DISCLAIMERS & GENERAL DISCLOSURES
Updated: November 18, 2025
This Disclosures & Disclaimers statement applies to all PITTRADER LLC services, websites, live and recorded content, testimonials, affiliate links, and communications (“PITTRADER Content”). By accessing or using any PITTRADER Content, you agree to these terms.
1. GENERAL RISK DISCLOSURE
Educational Purposes Only: All PITTRADER Content, including courses, coaching, live streams, posts, and videos, is strictly for general informational and educational purposes. Nothing should be considered personalized investment, legal, tax, or other professional advice.
No Investment Advice or Offers: PITTRADER LLC and its staff are not brokers, investment advisers, or CFTC/SEC-licensed professionals. PITTRADER does not recommend, endorse, or advise on specific financial instruments, securities, or strategies.
No Guarantee: There is no guarantee of earnings or performance. Trading securities, futures, forex, crypto, or any financial instrument contains substantial risk and may not be suitable for all investors. Losses exceeding original investment are possible. Do not trade with capital you cannot afford to lose.
Consult Professionals: Always seek independent advice from qualified financial, legal, or tax professionals.
2. PERFORMANCE & TESTIMONIAL DISCLOSURE
Past Results Not Indicative: Any performance information, illustration, testimonial, or earnings statement represents past results only. Past performance does not guarantee future results.
Non-Typical Outcomes: PITTRADER LLC may publish testimonials or descriptions of past performance, but these are not typical, may not be replicated, and do not guarantee your own results. “Most day traders lose money.” You may do better or worse.
Research Citations:
Barber, Brad & Lee, Yong-Ill & Liu, Yu-Jane & Odean, Terrance. (2014). “Do Day Traders Rationally Learn About Their Ability?” link
Garvey, Ryan and Murphy, Anthony. “The Profitability of Active Stock Traders.” Journal of Applied Finance , Vol. 15, No. 2, Fall/Winter 2005. link
Douglas J. Jordan & J. David Diltz (2003) “The Profitability of Day Traders”, Financial Analysts Journal, 59:6, 85-94. link
3. CFTC RULE 4.41 & HYPOTHETICAL RESULTS
CFTC Required Disclaimer:
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN 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.
4. LIVESTREAM / RECORDED DISCLOSURE
Real vs. Simulated Trades: PITTRADER live streams and or recorded content feature real and simulated trades and or ideas for educational purposes. Simulated trades are clearly identified from live trades. Performance data may not reflect actual trading results and may be subject to the limitations described above.
No Advice/No Recommendations: Live discussion is educational and non-advisory. No investment, financial, or other recommendations are made.
5. AFFILIATE DISCLOSURE
PITTRADER LLC may receive compensation (at no extra cost to you) if you sign up with a product or service using affiliate links. Partners may include (but are not limited to): Tradestation, Think or Swim (Schwab), TradingView, OANDA.
We are not affiliated with any broker, nor do we recommend or endorse any provider.
For the up-to-date list of affiliate partners and the full affiliate policy, see pittrader.com/disclosure.
6. TESTIMONIAL DISCLOSURE
Testimonials are voluntary and not representative of the experience of every user.
No testimonial has been paid or edited, unless otherwise noted.
Individual results will vary, and testimonials do not reflect typical experience.
7. NDA, TRADE SECRETS, AND CONFIDENTIALITY NOTICE
All PITTRADER LLC course materials, videos, content, business processes, and communications comprise confidential and proprietary information. By accessing PITTRADER products or services, you agree to confidentiality and non-disclosure obligations as described in our Terms & Conditions.
8. CONTACT US
For questions, contact us at:
Email: [email protected]
Response time: within 1 business day
If you do not agree with any term or provision of our Terms and Conditions, you should not use our Site, Services, Content, or Information. Please be advised that your continued use of the Site, Services, Content, or Information provided shall indicate your consent and agreement to our Terms and Conditions.
PITTRADER LLC may publish testimonials or descriptions of past performance, but these results are NOT typical, are not indicative of future results or performance, and are not intended to be a representation, warranty, or guarantee that similar results will be obtained by you.
The experience of PITTRADER LLC with trading is not typical, nor is the experience of traders featured in testimonials. They are experienced traders. Becoming an experienced trader takes hard work, dedication, and a significant amount of time.
Your results may differ materially from those expressed or utilized by PITTRADER LLC due to a number of factors. We do not track the typical results of our past or current customers. As a provider of educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole.
Available research data suggests that most day traders are NOT profitable.
In a research paper published in 2014 titled “Do Day Traders Rationally Learn About Their Ability?”, professors from the University of California studied 3.7 billion trades from the Taiwan Stock Exchange between 1992-2006 and found that only 9.81% of day trading volume was generated by predictably profitable traders and that these predictably profitable traders constitute less than 3% of all day traders on an average day.
In a 2005 article published in the Journal of Applied Finance titled “The Profitability of Active Stock Traders” professors at the University of Oxford and the University College Dublin found that out of 1,146 brokerage accounts day trading the U.S. markets between March 8, 2000 and June 13, 2000, only 50% were profitable with an average net profit of $16,619.
In a 2003 article published in the Financial Analysts Journal titled “The Profitability of Day Traders”, professors at the University of Texas found that out of 334 brokerage accounts day trading the U.S. markets between February 1998 and October 1999, only 35% were profitable and only 14% generated profits in excess of $10,000.
The range of results in these three studies exemplify the challenge of determining a definitive success rate for day traders. At a minimum, these studies indicate that at least 50% of aspiring day traders will not be profitable. This reiterates that consistently making money trading stocks is not easy. Day Trading is a high-risk activity and can result in the loss of your entire investment. Any trade or investment is at your own risk.
Any and all information discussed is for educational and informational purposes only and should not be considered tax, legal, or investment advice. A referral to a stock or commodity is not an indication to buy or sell that stock or commodity.
This does not represent our full Disclaimer. Please read our complete disclosure
Citations for Disclaimer
Barber, Brad & Lee, Yong-Ill & Liu, Yu-Jane & Odean, Terrance. (2014). Do Day Traders Rationally Learn About Their Ability?. SSRN Electronic Journal. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2535636
Garvey, Ryan and Murphy, Anthony, The Profitability of Active Stock Traders. Journal of Applied Finance , Vol. 15, No. 2, Fall/Winter 2005. Available at SSRN: https://ssrn.com/abstract=908615
Douglas J. Jordan & J. David Diltz (2003) The Profitability of Day Traders, Financial Analysts Journal, 59:6, 85-94, DOI: https://www.tandfonline.com/doi/abs/10.2469/faj.v59.n6.2578
Disclaimer | Risk Disclosure and Performance Disclaimer Statements:
NFA - Trade at your own risk. The information provided here is of the nature of a general comment only and neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation, and particular needs. Information should not be considered as an offer or enticement to buy, sell, or trade. You should seek appropriate advice from your broker, or licensed investment advisor, before taking any action. Past performance does not guarantee future results. Simulated performance results contain inherent limitations. Unlike actual performance records, the results may under or over-compensate for factors such as lack of liquidity. No representation is being made that any account will or is likely to achieve profits or losses like those shown.
U.S. Government Required Disclaimer - CFTC Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures, stocks or options on the same. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN 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 PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL, OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED WITHIN THIS SITE, SUPPORT AND TEXTS. OUR COURSE(S), PRODUCTS, AND SERVICES SHOULD BE USED AS LEARNING AIDS ONLY AND SHOULD NOT BE USED TO INVEST REAL MONEY. IF YOU DECIDE TO INVEST REAL MONEY, ALL TRADING DECISIONS SHOULD BE YOUR OWN.
Educational purposes only. PITTRADER LLC ™ does not provide investment advice, brokerage services, or trade execution.
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