Floyd Upperman and Associates
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"All Trading involves risk and no trading system can guarantee profits."

Disclosures


 

RISK DISCLOSURE STATEMENTS

Please understand that futures trading involves risk and is not suitable for all types of investors. This is a very risky business, and people do lose money investing in futures contracts, and options on futures. There are no implied guarantees or promises made on this web site anywhere. In addition, I am registered with the CFTC as a CTA, NFA# 0281183. My registration allows me to legally assist and educate individuals in commodity trading. I am a professional and my approach in both teaching and trading is professional. I educate clients, teaching them my own proprietary concepts, methods, and trading systems. It is up to the individual to make all the final decisions in their own trading. Furthermore, I am not licensed to accept funds from individuals for the purpose of trading commodity interests. You must place all funds for the purpose of trading directly with a futures commission merchant (FCM). My expert analysis is available and updated daily with my careful review of the markets based on my strict adherence to my system and methods which are revealed to members. The entire live trading system is available to clients only. The system is updated daily with official daily pit session settlement prices.

  THE NFA REQUIRES THAT I STATE THE FOLLOWING:

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 actually 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.

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 PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL 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 RESULT.

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

Risk Statement: Anyone wishing to invest in the Commodities and Futures markets should seek his or her own professional financial advice. Hypothetical performance results have inherent limitations, some of which are described below. No representation is being made that any person will or is likely to achieve profits or losses similar to those shown. There are frequently sharp differences between hypothetical results and the actual results that may be achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are areas which can also adversely affect trading results. Hypothetical performance cannot account for all that may effect trading results. Past performance does not, of course, provide any guarantee of future performance and you should not rely on the performance presented herein as an indication of future performance. You should be aware that other performance methods or reviews for different periods might produce different results.

NO TRADING SYSTEM CAN GUARANTEE PROFITS

HYPOTHETICAL TRADING RESULTS CAN BE UNRELIABLE

FUTURES CONTRACTS ARE VOLATILE AND RISKY

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS

  Please also read and understand the following:

I may have positions long or short in the market at anytime, or I may have no positions at all! No where on this site do I regularly reveal my private trading positions. My trades are my business and my business only. I strongly believe that you should never place a trade solely because someone else is. Furthermore, I am not going to promote a dependency on others.

Also, if you are looking for tips on what is hot and what is not, this web-site and this service is not going to be for you. I do not believe in giving or receiving tips which can not be substantiated with evidence or supported by data, theory or a trading methodology. I believe that it is up to the individual to do the work and make our own independent decisions to achieve success. A trader must develop an individual and personalized "feel" for the markets that can only be obtained by experience and observation. This is something I have assisted many traders with. My professional assistance is always available and I always do my best to assist my members & clients. That is my personal guarantee to you - A 200% effort on my part to help you learn and understand my proprietary trading system and to be able to implement the system and data into your own trading strategies in a professional and hopefully profitable manner, however no guarantees can be made for success. This is a very risky business - My advice is to have a "backup" plan and other means for generating income as well.

  Trading is NOT my only means of income.

I also invest in stocks, real estate as well as generate income from businesses, including this service. Nowhere on this site do I state, imply, or intend to imply that trading is my sole source of income. The markets dictate the opportunities, and as traders we must wait on those opportunities. Trading for any other reason, other than a real (defined) opportunity based on predetermined factors, is a recipe for monetary loss! There are no guarantee that there will be opportunities daily, weekly or even monthly. All we can do is wait and act only when the opportunities present themselves.

More is also required beyond simply recognizing an opportunity. While this knowledge is obviously very critical, knowing how and when to act once an opportunity is identified is equally as crucial! I decided long ago that it was in my best interest to trade and invest in a large assortment of assets (e.g. stocks, futures, mutual funds, bond funds, tax sheltered investments, real estate investments and business ventures). At anytime, an opportunity might reveal itself in any one of these markets, thus by covering as many as possible, I have more opportunities! This is called "diversification", and its important in my opinion. That is why I trade and invest in many different classes of assets as listed.

Like all professional speculators, I too have profitable transactions and unprofitable transactions, profitable weeks and unprofitable weeks, profitable months and unprofitable months and so forth. That is all part of the 'trading and/or speculating' business! No matter what the asset, speculating is an inherently risky business! Starting a business is a risky speculative venture just as purchasing a contract of corn is a potentially risky move. To realize a profit or take advantage of potentially being in the right place at the right time requires a risk taking measure.

Disclaimer

Floyd Upperman & Associates website is for informational purposes only and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments.


No warranty or guarantee of any kind, expressed or implied, is given regarding the accuracy, reliability, veracity, or completeness of the information provided here or by following links from this or any other page within this site, and under no circumstances will the author or service provider be held responsible, or liable for errors, or omissions resulting in any loss or damage caused or alleged to be caused by information contained in the material presented on the site, including but not limited to direct, indirect, incidental, special or consequential damages caused by using the information.

 
  Conclusion:

Do not put all your eggs in one basket. Be smart about it. If trading were an easy way to generate income, more people would be doing it successfully, and fewer people would be losing money at it! The fact is most people lose money trading futures, and many give up and quit without ever making a dime of profit. I have lost money trading futures and/or options on futures myself plenty of times.  But I've also made money on many trades too, here's an example of a 900%+ return on one trade (this was from our fall 2003 soybean options trade).  But the bottom line is making money trading futures is risky and you should never trade with money you can not afford to lose. No trading system or strategy can guarantee profits and past performance is not indicative of future results.

Let me also address a common question, which is rarely answered by other teachers and system developers in this field. That question is as follows:

Do I trade the system myself? And if I do and if the system is so great, why don't I just trade the system myself, rather than providing this service?

Yes I do trade the system! In fact I use the same systems and data presented on this web-site!
However, trading is not my only source of income. It is true that I do make a profit from offering my system, experience and assistance to others for a fee. I am often asked that if I have such a good trading system, why don't I just trade the system rather than provide this service. As I stated above, I do trade it. However, no system can guarantee profits and trading futures and options is always risky.  There are times of drawdowns, as well as times when there is nothing setup to trade. Many people mistakenly think that there are always opportunities in the market. The truth is, there are not. I have learned, through my own costly mistakes, that trading for the sake of trading only results in loss in the long run! I have also learned that the markets do not care if I need to make money this week or next. With trading, you have to be able to wait for the opportunities. Sometimes there are many opportunities with our system, and sometimes there are none. By providing this service in addition to my other investments (such as real estate investing) and my trading activities (including stocks and tax sheltered investments) I am able to secure regular stable income while building and growing my portfolio of diversified investments! Best of all however, I am doing what I enjoy most in life every day! And that is tracking, trading, and studying the markets! Through this service I hope I can provide you with some of the knowledge I have gained through my many years of trading, and experience in trading and tracking many markets!

Thank you!
Floyd W. Upperman Jr.

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NO TRADING SYSTEM CAN GUARANTEE PROFITS

No guarantees can be made for success. Past performance is not a guarantee of future profits. Futures trading is NOT Floyd's only means of income. He also invests in stocks, real estate as well as generates income from other businesses. We have both winning trades and losing trades with our systems! We trade professionally, but not daily. We wait for what we believe to be ideal trading opportunities.

Disclosure

Pessimism never won any battle.   - Dwight D. Eisenhower
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