Risk Disclosure

Trading and investing in futures, options, equities, and other financial instruments involve substantial risk and are not suitable for every person. You should carefully consider your financial condition, investment objectives, experience, and risk tolerance before making any trading or investment decision.

This Risk Disclosure should be read together with the Solstice Subscription Terms and Privacy Policy. It does not describe every possible risk associated with trading or investing.

1. Substantial Risk of Loss

You may lose some or all of the capital you commit to trading or investing. Certain transactions involving leverage, margin, futures, short sales, or options may result in losses exceeding your initial investment or account deposit.

Financial markets can move rapidly and unpredictably. Market prices may be affected by economic reports, interest-rate decisions, political events, regulatory developments, company announcements, market sentiment, liquidity conditions, technology failures, and events that cannot reasonably be anticipated.

You should trade only with risk capital—money that you can afford to lose without affecting your housing, living expenses, education, healthcare, emergency savings, retirement needs, debt obligations, or general financial security.

Past performance is not indicative of future results. No trading method, algorithm, signal, strategy, analysis, or educational program can guarantee profits or prevent losses.

2. No Personalized Investment Advice

Solstice provides algorithmic signals, trading announcements, market commentary, newsletters, educational materials, voice discussions, and portfolio review sessions for general informational and educational purposes only.

Nothing provided by Solstice constitutes:

• Personalized investment advice;
• Legal, tax, accounting, or financial-planning advice;
• A recommendation or solicitation to buy, sell, hold, or trade a particular financial instrument;
• A determination that a particular transaction or strategy is suitable for you;
• An offer to enter into a securities, futures, options, or other financial transaction; or
• A guarantee or assurance of any particular result.

Solstice does not know your complete financial circumstances, investment objectives, tax situation, legal obligations, liquidity needs, portfolio holdings, experience, or risk tolerance.

Any portfolio review or discussion is limited to general educational commentary based on the information you voluntarily provide. It is not a comprehensive financial analysis and does not create an investment-adviser, broker-customer, fiduciary, agency, attorney-client, or other professional relationship.

You remain solely responsible for evaluating all information, conducting your own research, consulting appropriately licensed professionals where necessary, and making your own final trading and investment decisions.

3. Futures Trading Risk

Futures contracts are highly leveraged instruments. A relatively small market movement may produce a substantially larger gain or loss in relation to the amount deposited as margin.

You may be required to deposit additional funds on short notice to maintain a futures position. If you fail to satisfy a margin call, your broker may liquidate your position, potentially at an unfavorable price and without obtaining your prior approval.

Under certain market conditions, it may be difficult or impossible to close a position, execute a stop order, or limit a loss. Daily price limits, trading halts, lack of liquidity, market gaps, and rapid price movements may prevent an order from being executed at or near the expected price.

Losses from futures trading may exceed the amount initially deposited into your account.

4. Options Trading Risk

Options involve risk and are not suitable for every investor. The risks differ substantially depending on the option strategy used and whether you are buying or writing options.

An option buyer may lose the entire premium paid, together with commissions, fees, and other transaction costs, if the option expires without value.

Options are time-limited instruments and may lose value as expiration approaches, even if the price of the underlying asset does not move significantly against the position.

An option writer may face substantial losses. Certain uncovered or “naked” option positions may expose the writer to theoretically unlimited loss.

Options may also be affected by changes in volatility, time decay, interest rates, dividends, liquidity, early exercise, assignment, and changes in the value of the underlying instrument. A directionally correct market view does not necessarily result in a profitable options trade.

Before trading standardized options, you should review the current options disclosure materials provided by your broker and the relevant options-market authorities.

5. Equity Trading Risk

Equities may decline significantly in value and may become worthless. A company may experience financial distress, bankruptcy, delisting, regulatory action, adverse litigation, management changes, dilution, or other events that materially affect the value or liquidity of its securities.

Smaller companies, low-priced securities, newly issued securities, and thinly traded securities may experience heightened volatility, wider bid-ask spreads, limited publicly available information, and reduced liquidity.

During periods of market stress, you may be unable to sell a security at the price or time you expect.

6. Margin, Leverage, and Short-Selling Risk

Margin and leverage increase purchasing power but also magnify losses. You may lose more than the cash deposited into your account and may be required to contribute additional funds on short notice.

Your broker may increase margin requirements, reject orders, liquidate positions, or sell securities in your account to satisfy a deficiency. Depending on your brokerage agreement and applicable rules, the broker may be permitted to do so without consulting you in advance and may choose which positions to liquidate.

Short selling carries additional risks. A short position may produce potentially unlimited loss because the price of the borrowed security may continue rising without a fixed upper limit.

You may also be required to cover a short position earlier than expected, incur stock-borrowing fees, pay dividends or other distributions, or face difficulty locating or borrowing the security.

7. Day Trading and Frequent Trading Risk

Day trading and frequent intraday trading are highly speculative and may result in rapid and substantial losses.

Frequent trading may generate significant commissions, fees, bid-ask spread costs, slippage, financing costs, and tax consequences. These expenses can materially reduce or eliminate trading profits.

Rapid market conditions may make it difficult to evaluate information, manage risk, or execute orders as intended. Emotional decision-making, overtrading, concentration, insufficient capitalization, and the use of leverage may further increase losses.

Brokerage firms and regulators may impose account-equity requirements, trading restrictions, settlement requirements, margin rules, or other limitations on frequent trading activity.

8. Algorithmic Signals and Market Commentary

Solstice signals and commentary may be generated or supported by algorithms, models, rules, data analysis, human judgment, or a combination of these methods.

Algorithms, models, and analytical methods have inherent limitations. They may rely on historical relationships or assumptions that no longer apply under current market conditions. They may fail during unusual, volatile, illiquid, or rapidly changing markets.

Signals may be incomplete, delayed, incorrect, ambiguous, duplicated, withdrawn, or affected by data errors, coding defects, model limitations, incorrect assumptions, human error, third-party outages, or technical problems.

A signal does not account for your individual financial circumstances, existing positions, account restrictions, tax consequences, transaction costs, available buying power, portfolio concentration, or risk tolerance.

Solstice does not guarantee:

• That every signal will be profitable;
• That signals will be delivered before the relevant market movement;
• That you will be able to enter or exit at an announced or displayed price;
• That a signal will remain valid after publication;
• That follow-up or exit information will be provided;
• That signals will be delivered continuously or without interruption; or
• That you will receive or view a signal in time to act.

You should independently evaluate every potential transaction and should not rely exclusively on any Solstice signal, announcement, or commentary.

9. Execution, Liquidity, and Timing Risk

Prices referenced by Solstice may differ from the prices available to you. Quoted, displayed, announced, or historical prices do not guarantee that any user could have completed a transaction at that price.

Actual results may be affected by:

• Market movement between publication and order entry;
• Bid-ask spreads;
• Slippage;
• Commissions and fees;
• Order type;
• Order size;
• Available liquidity;
• Market impact;
• Partial fills;
• Order rejection;
• Trading halts;
• Brokerage restrictions;
• Exchange rules;
• Internet or device delays; and
• Differences among brokers, exchanges, and trading platforms.

Stop, stop-loss, limit, and other conditional orders do not guarantee that a position will be entered or closed at the requested price. In a fast-moving or illiquid market, an order may be filled at a materially different price or may not be filled at all.

10. Hypothetical, Simulated, Backtested, and Illustrative Results

Hypothetical, simulated, modeled, backtested, paper-trading, and illustrative performance results have inherent limitations and should not be treated as actual trading results.

Such results do not represent actual trading unless expressly identified as an actual, verified trading record. Because hypothetical trades are not actually executed, the results may not accurately reflect the effects of:

• Market liquidity;
• Bid-ask spreads;
• Slippage;
• Commissions and fees;
• Financing and borrowing costs;
• Market impact;
• Order rejection or partial execution;
• Delayed data;
• Changes in margin requirements;
• Taxes;
• Trading interruptions; or
• The practical difficulty of following a strategy during periods of loss.

Hypothetical and backtested results are often developed with the benefit of hindsight. Rules, parameters, instruments, entry points, exit points, or assumptions may have been selected or adjusted after reviewing historical data.

Hypothetical trading also does not fully account for the financial and psychological effects of actual risk. The ability to withstand losses, continue following a strategy, satisfy margin calls, and avoid changing a trading plan during adverse conditions can materially affect actual results.

No representation is made that any account will or is likely to achieve profits or losses similar to any hypothetical, simulated, backtested, modeled, paper-trading, or illustrative result presented by Solstice.

Any illustrative trade is provided to explain a concept and should not be interpreted as evidence that the same trade was actually executed or that a comparable opportunity will be available in the future.

11. Past Performance, Testimonials, and Selected Examples

Past performance does not guarantee or reliably predict future performance.

Any historical result, successful trade, selected example, case study, screenshot, testimonial, review, or user statement may not represent the experience of all users and should not be interpreted as a promise, guarantee, or estimate of the results you may achieve.

Selected examples may not include every losing trade, unsuccessful signal, missed opportunity, cost, delay, or other factor relevant to evaluating overall performance.

Individual results vary based on factors including experience, account size, position sizing, timing, broker, fees, discipline, risk controls, market conditions, and the user’s interpretation and implementation of information.

Unless expressly stated otherwise, testimonials and user comments reflect the views of the individuals providing them and are not independently verified representations of typical performance.

12. Technology and Third-Party Risk

The Service depends in part on third-party systems and infrastructure, which may include Discord, Stripe, market-data providers, exchanges, brokers, hosting providers, internet-service providers, software vendors, and user devices.

Solstice does not control these third parties and cannot guarantee their accuracy, availability, speed, security, or performance.

Service interruptions, delayed notifications, corrupted data, account-access problems, software errors, cyberattacks, internet outages, platform restrictions, or third-party policy changes may delay or prevent access to information.

Solstice is not responsible for losses caused by a user’s failure to receive, view, understand, or act on information, or by any failure or delay involving a third-party service.

13. Taxes and Regulatory Considerations

Trading and investing may result in tax, reporting, licensing, regulatory, or legal consequences that vary according to your jurisdiction and individual circumstances.

Solstice does not provide tax or legal advice. You are responsible for understanding and complying with all laws, regulations, exchange rules, broker requirements, tax obligations, and reporting requirements that apply to you.

Access to Solstice does not mean that any financial instrument, strategy, or service is lawful, available, or appropriate in your jurisdiction.

14. Risk Management Is Your Responsibility

Solstice does not control your brokerage account, execute transactions for you, determine your position sizes, monitor your portfolio, issue margin calls, or prevent you from entering or maintaining a position.

You are solely responsible for establishing and following appropriate risk controls, which may include:

• Limiting position size;
• Limiting leverage;
• Diversifying exposures;
• Establishing maximum-loss limits;
• Maintaining sufficient liquidity;
• Understanding each instrument before trading;
• Monitoring open positions;
• Reviewing broker and exchange requirements; and
• Avoiding trades that you do not fully understand or cannot financially tolerate.

No risk-management technique can eliminate all trading risk or guarantee that losses will remain within a predetermined amount.

15. Acknowledgment

By accessing or using the Service, you acknowledge that:

• You have read and understood this Risk Disclosure;
• Trading and investing may result in substantial or total loss;
• Certain transactions may result in losses exceeding your initial investment;
• Solstice does not guarantee profits, successful trades, or any particular outcome;
• Solstice content is general information and not personalized financial advice;
• You are responsible for independently evaluating all information;
• You are responsible for your own accounts, orders, positions, and decisions; and
• You voluntarily assume all risks associated with your trading and investment activity.

If you do not understand or accept these risks, you should not trade or rely on the Service.

16. Contact

Questions regarding this Risk Disclosure may be submitted through the contact page on the Solstice website.