Financial Disclosure and
The Mads Hansen School® is dedicated to educational purposes exclusively, and the materials and information provided herein are intended for general informational purposes only. The content on this website should not be considered as investment, tax, accounting, or legal advice. It does not constitute an offer or solicitation to buy or sell, nor does it endorse, recommend, or sponsor any securities or funds referenced by Mads Hansen School®. The information on the website should not be relied upon for transactions involving currencies, commodities, securities, or other investments.
Any statements regarding earnings or income, along with any examples provided, are mere estimates of potential earnings. If specific income figures are mentioned and attributed to individuals or businesses, those figures represent amounts earned by those parties. Claims or representations of income on this website should not be considered as average earnings, and there is no guarantee that past successes or results can predict future success or results. For typical results, refer to our typical results page.
Monetary and income results are influenced by various factors, and the actual outcome is unknown as we lack information about your background, work ethic, business skills, or practices. Therefore, we do not guarantee or imply that users will achieve wealth, perform as well, or generate any income at all. Your results may vary, and market conditions, personal effort, and other circumstances can significantly impact outcomes. Users relying on our figures must accept the risk of not achieving similar results.
Mads Hansen School®, its owners, officers, directors, employees, subsidiaries, affiliates, licensors, service providers, content providers, and agents are not financial advisors or investment advisors. Nothing on the site is intended to be construed as financial advice. The education and information presented are for a general audience and do not claim to provide specific advice tailored to any individual. Users are encouraged to consult with their attorney, accountant, financial professional, or other advisors regarding any opportunities.
Users understand and agree that Mads Hansen School® does not offer tax, legal, or investment advice, and they are responsible for consulting professionals before acting on any information provided. Mads Hansen School®'s programs are not intended to promote specific products or investments, and neither the school nor its officers, directors, employees, or representatives recommend or endorse any particular Mads Hansen School®, product, investment, or opportunity discussed herein.
Use of the information herein is at the user's own risk. The content is provided 'as is' without warranties of any kind, expressed or implied. Mads Hansen School® disclaims all warranties, including but not limited to merchantability, fitness for a particular purpose, title, or non-infringement. Mads Hansen School® does not guarantee any income or specific results from the information contained herein. Mads Hansen School® assumes no liability or responsibility for errors or omissions in the information provided.
Mads Hansen School® will not be liable for any incidental, direct, indirect, punitive, actual, consequential, special, exemplary, or other damages, including loss of revenue or income, pain and suffering, emotional distress, or similar damages, even if advised of the possibility. In no event will the collective liability of Mads Hansen School® exceed the greater of $100 or the amount paid for the information, product, or service, out of which liability arose. Mads Hansen School® will not be liable for any loss or damage caused by reliance on the information contained herein. Users are responsible for evaluating the accuracy, completeness, or usefulness of any information, opinion, advice, or content herein and are advised to seek professional advice as needed.
Day-Trading Risk Disclosure Statement
You should consider the following points before engaging in a day-trading strategy. For purposes of this notice, a "day-trading strategy" means an overall trading strategy characterized by the regular transmission by a customer of intra-day orders to effect both purchase and sale transactions in the same security or securities.
Day trading can be extremely risky. Day trading generally is not appropriate for someone of limited resources and limited investment or trading experience and low risk tolerance. You should be prepared to lose all of the funds that you use for day trading. In particular, you should not fund day-trading activities with retirement savings, student loans, second mortgages, emergency funds, funds set aside for purposes such as education or home ownership, or funds required to meet your living expenses. Further, certain evidence indicates that an investment of less than $50,000 will significantly impair the ability of a day trader to make a profit. Of course, an investment of $50,000 or more will in no way guarantee success.
Be cautious of claims of large profits from day trading. You should be wary of advertisements or other statements that emphasize the potential for large profits in day trading. Day trading can also lead to large and immediate financial losses.
Day trading requires knowledge of securities markets. Day trading requires in-depth knowledge of the securities markets and trading techniques and strategies. In attempting to profit through day trading, you must compete with professional, licensed traders employed by securities firms. You should have appropriate experience before engaging in day trading.
Day trading requires knowledge of a firm's operations. You should be familiar with a securities firm's business practices, including the operation of the firm's order execution systems and procedures. Under certain market conditions, you may find it difficult or impossible to liquidate a position quickly at a reasonable price. This can occur, for example, when the market for a stock suddenly drops, or if trading is halted due to recent news events or unusual trading activity. The more volatile a stock is, the greater the likelihood that problems may be encountered in executing a transaction. In addition to normal market risks, you may experience losses due to system failures.
Day trading will generate substantial commissions, even if the per trade cost is low. Day trading involves aggressive trading, and generally you will pay commissions on each trade. The total daily commissions that you pay on your trades will add to your losses or significantly reduce your earnings. For instance, assuming that a trade costs $16 and an average of 29 transactions are conducted per day, an investor would need to generate an annual profit of $111,360 just to cover commission expenses.
Day trading on margin or short selling may result in losses beyond your initial investment. When you day trade with funds borrowed from a firm or someone else, you can lose more than the funds you originally placed at risk. A decline in the value of the securities that are purchased may require you to provide additional funds to the firm to avoid the forced sale of those securities or other securities in your account. Short selling as part of your day-trading strategy also may lead to extraordinary losses, because you may have to purchase a stock at a very high price in order to cover a short position.
Potential Registration Requirements. Persons providing investment advice for others or managing securities accounts for others may need to register as either an "Investment Adviser" under the Investment Advisers Act of 1940 or as a "Broker" or "Dealer" under the Securities Exchange Act of 1934. Such activities may also trigger state registration requirements.
(b) In lieu of providing the disclosure statement specified in paragraph (a), a member that is promoting a day-trading strategy may provide to the customer, individually, in paper or electronic form, prior to opening the account, and post on its Web site, an alternative disclosure statement, provided that:
(1) The alternative disclosure statement shall be substantially similar to the disclosure statement specified in paragraph (a); and
(2) The alternative disclosure statement shall be filed with FINRA's Advertising Department (Department) for review at least 10 days prior to use (or such shorter period as the Department may allow in particular circumstances) for approval and, if changes are recommended by FINRA, shall be withheld from use until any changes specified by FINRA have been made or, if expressly disapproved, until the alternative disclosure statement has been refiled for, and has received, FINRA approval. The member must provide with each filing the anticipated date of first use.
(c) For purposes of this Rule, the following terms shall have the meanings specified below:
(1) "Day-trading strategy" shall have the meaning provided in Rule 2130(e).
(2) "Non-institutional customer" means a customer that does not qualify as an "institutional account" under Rule 4512(c).
(3) "Promoting a day-trading strategy" shall have the meaning provided in Rule 2130.01.