Risk Disclosure

Effective: July 24, 2026 Last updated: July 24, 2026

This Risk Disclosure sets out the risks you should understand before acting on any research, indicator analysis, backtest, or newsletter published by TVIEW LAB (the "Service").

This document is a companion to Terms of Service §14 (Termination) and the Disclaimer, and should be read together with both.

§1. Market risk

All financial instruments and assets carry the risk of loss, including the loss of your entire principal. No investment decision made using our research eliminates that risk.

Markets are affected by many factors, most of which are difficult or impossible to predict:

• Macroeconomic indicators, interest rates, exchange rates, inflation
• Corporate performance, financial condition, management changes
• Geopolitical events, policy changes, regulatory changes
• Market sentiment, liquidity, and capital flows
• Unforeseen events such as natural disasters, pandemics, or systemic failures

We recommend that you set a clear limit on the amount you are willing to lose before investing, and that you do not invest more than that amount.

§2. Past performance is not indicative of future results

PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS.

Every past performance figure we publish — returns, win rate, maximum drawdown, Sharpe ratio, backtest result — is a statistic derived from a specific period, under specific conditions, on specific assets. There is no guarantee that any of them will repeat in the future, for reasons including:

• Market conditions, participant composition, and liquidity change over time
• Patterns, indicators, and strategies that were once effective may lose their edge once widely known
• The sample period may be unusual (bull, bear, or low-volatility regime)
• Regularities differ across assets and markets
• Regulation, taxation, and trading infrastructure change

Statistics we publish depend on sample size and measurement method. You should be able to distinguish results that reach statistical significance from those that don't. Our methodology is documented in the Methodology.

§3. Leverage risk

Leveraged products — including futures, options, CFDs, margin trades, and short sales — allow you to hold a position much larger than the capital you commit. Even a small adverse move in the market can produce losses that exceed your principal.

Risks include:

• Losses beyond your principal (margin calls, forced liquidation, additional margin requirements)
• Accumulating interest, swap points, and overnight financing costs
• Delayed or unfilled orders due to lack of liquidity
• Widened spreads during volatile markets, causing slippage
• Additional risks specific to expiration, rollover, or dividends

We may discuss leveraged products in our research, but we do not assess whether any product is appropriate for you. Consult your broker's risk disclosures, margin policies, and liquidation rules, and decide for yourself whether the product fits your financial condition and risk tolerance.

§4. Day trading and short-term trading risk

Frequent trading (day trading, scalping, short-term trading) carries specific risks:

• Fees, taxes, and slippage accumulate quickly at high trading frequency
• Large losses can occur in short periods
• Requires sustained focus; comes with material psychological and physical strain
• Momentary failures in trading systems, connectivity, or power can immediately result in losses

Some of the indicators and strategies we cover may lend themselves to short-term use. We do not encourage day trading and take no responsibility for the outcomes.

§5. Market data delay and error risk

Market data, indexes, prices, and volumes displayed on the Service may have the following limitations:

• Data may be delayed rather than real-time (delay varies by asset and provider)
• Data comes from third-party providers, whose accuracy we cannot independently verify
• Providers and exchanges may experience temporary outages, errors, or corrections
• The Service itself may experience outages, latency, or display errors

Before executing a trade, verify prices and indicators against the real-time data provided by your broker or exchange. Prices you see on the Service may differ from actual market prices at the moment of execution. We are not liable for losses caused by such differences.

§6. Backtest risk

Backtest results are simulations against historical market data. Even excellent backtest results do not guarantee that live trading will reproduce them.

Backtests have inherent limits:

• Slippage not fully captured: Difference between signal-time price and actual fill price is difficult to model precisely.
• Liquidity assumption: Backtests assume liquidity is available. In live trading, you may not be filled at the price or size you expect.
• Trading costs partially reflected: Commissions, transaction taxes, dividend withholding, spreads, and swap points may not be fully reflected.
• Market impact ignored: Your own orders can move the market against you, in a way that backtests cannot simulate.
• Data bias: Sample period characteristics, delisted-instrument exclusion, and look-ahead leakage can all bias results.

Our methodology for controlling bias and ensuring reproducibility is documented in the Methodology. No methodology can eliminate every bias.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE ACTUAL PERFORMANCE, THEY DO NOT REPRESENT ACTUAL TRADING. HYPOTHETICAL RESULTS ARE PREPARED 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.

§7. Live-trading risk and personal responsibility

Beyond the methodological gaps in §6, live trading carries risks that backtests cannot capture:

• Psychology: Backtests execute rules mechanically. In live trading, your emotions and judgments intervene.
• Regime change: The market during the backtest period may differ from the market during live execution.
• Broker- and exchange-specific conditions: Commissions, spreads, execution policies, and tax treatment vary by venue.
• Personal tax and regulatory obligations: Taxation, reporting, and licensing depend on your country and personal status.

Every investment decision you make using our Content, and every consequence of that decision, is your responsibility. By using the Service, you acknowledge:

• The Service is a research publication, as described in the Disclaimer. It is not personalized advice, a trading signal, or an investment solicitation.
• You understand the market, leverage, day-trading, data-delay, backtest, and live-trading risks set out in this document.
• You are responsible for evaluating your own financial situation, objectives, experience, and risk tolerance.
• Our Content does not substitute for advice from a qualified investment professional, tax adviser, or attorney. You may need to consult one separately.

Nothing in this document is intended to disclaim liability that cannot be excluded under applicable mandatory consumer protection law.

Related documents

• Disclaimer — nature of the Service and our responsibility limits
• Research Principles
• Methodology — backtest and research methodology
• Terms of Service §14 (Termination) — general contract framework

Contact

• Business name: VIBE MAKER

• Service: TVIEW LAB

• Website: https://tviewlab.com

• Contact: tviewlab@gmail.com

• Business registration no.: 850-38-01085

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• Phone: +82-504-2011-0469