Terms and Conditions
In using this web site and the products and services we supply you are agreeing
to our terms and conditions as set out here. Please also read our
All prospective MyPivots members, including trial members and monthly subscribers, must read this disclaimer & terms of service in its entirety, and agree to the terms set forth before using our indicators or any other service we provide.
Day trading can be extremely risky. Customers should be prepared to lose all of the funds that they have in their account for day trading and more. They should not fund their 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 for current income.
Customers must be cautious of claims of large profits from day trading. Customers need to 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, an investor must compete with professional, licensed traders employed by securities firms. An investor should have appropriate experience before engaging in day trading.
Day trading requires knowledge of a firm's operations. An investor should be familiar with a securities firm's business practices, including the operation of the firm's order execution systems, procedures, and should confirm that a firm has adequate systems capacity to permit customers to engage in day trading activities.
Day trading may result in large commissions. Day trading may require an investor to trade his or her account aggressively, and pay commissions on each trade. The total daily commissions that they pay on trades may add to losses or significantly reduce earnings.
Day trading on margin or short selling may result in losses beyond the initial investment. When customers day trade with funds borrowed from the firm or someone else, they can lose more than the funds originally placed at risk. A decline in the value of the securities that are purchased may require additional funds be paid to the firm to avoid the forced sale of those securities or other securities in an investors account. Short selling as part of a day trading strategy also may lead to extraordinary losses, because stock may have to be purchased at a very high price in order to cover a short position.
Upon using any of our indicators or services , whether trial or subscription, you agree to the following terms and conditions set forth.
MyPivots is an independent web site providing information and education on its proprietary indicators and other market trading strategies. MyPivots also run a real time chat for its members.
MyPivots is not offering to buy or sell futures mentioned on this web site or in the real time chat and is not representing itself as a registered investment advisor or broker dealer. MyPivots is not licensed with any state or federal authority as an investment adviser. MyPivots is not in the business of giving individualized investment advice, and does not independently qualify trades for particular traders, nor pre-screen or qualify traders in order to assure that traders have the financial means or financial sophistication necessary to bear the risk of potential losses, or understand the particular transactions discussed by MyPivots. Accordingly, MyPivots makes no representations or warranties regarding the appropriateness or advisability of any particular trade for any particular trader or subscriber. Traders who choose to engage in futures transactions, whether discussed or not, do so for their own account and at their own risk. MyPivots actively encourages each of its subscribers to engage a qualified and licensed Investment Advisor for the purpose of independent consultation on any stock discussed or mentioned by MyPivots.
MyPivots assumes no responsibility for and does not guarantee the accuracy or reliability of information, opinions, or advice provided on this site or in the real time chat from the staff of MyPivots or the other members. All decisions to act upon a future, whether to buy or sell, is the SOLE responsibility of the member.
MyPivots does not guarantee or represent that buying or selling of futures mentioned or discussed on its web site or in the real time chat will result in a profit. MyPivots may provide information concerning past futures discussed on its web site or in the real time chat . There is no intention to represent that investors actually made the gains represented or actually traded in the securities that were the subject of the discussion. There has been no attempt to represent all past historic discussions made by any officers of MyPivots. MyPivots specifically disclaims any implication that these trades fairly represent the nature, performance, or result of past historic future discussions, or that these discussions are representative of possible future gains. Any past stock discussions posted to the public are to be used only to demonstrate hypothetical gains which might be realized, and should not be taken as representative of actual gains. Subscribers should bear in mind that there are no guarantees that subscribers, by following future stock discussions, will realize the gains represented and that potential losses from following any future stock discussion may far exceed the gains represented in any past stock discussions.
You understand and agree that you will not be entitled to any refund from MyPivots for whatever reason, and that your membership may be terminated by MyPivots in its sole discretion. You understand that you may cancel your membership at any time by contacting MyPivots by email addressed to mypivots (at) mypivots dot com . You understand that by non payment of your subscription before the beginning of the calendar month (or your cycle due date) will result in your indicators being disabled and your access to the web site (or parts of it) and real time chat restricted or removed. You understand that in the event you cancel your membership prior to your monthly subscription being used up, you are not entitled to any credits for your unused membership term. You agree, that upon canceling your membership, you will not "charge back" your previous incurred membership fees. Doing so will constitute a theft of service and you understand that you will be subject to applicable laws and prosecution. In the event you cancel your membership, and you wish to rejoin, you understand that you will need to reapply for membership. Reactivation of a cancelled membership is based on the sole discretion of MyPivots and should a membership reactivation be turned down, MyPivots is under no obligation to provide reasoning for such denial.
You understand and agree that any and all trading decisions are made by YOU alone. You accept all responsibility for transactions that occur in YOUR account with YOUR broker of choice. Due to the risk of loss which can be substantial when buying or selling futures, YOU should carefully consider YOUR financial condition as to whether trading futures is in YOUR best interest. YOU understand that when YOU buy or sell futures you can incur a loss of more than all YOUR capital. If the market moves against your position, you understand that you may be called upon by your broker to deposit a substantial amount of additional margin funds, on short notice, in order to maintain your position. If I do not provide the required funds within the prescribed time, you understand that your position may be liquidated by your broker at a loss, and you will be liable for any resulting deficit in your account.
You understand that MyPivots is not obligated or responsible for any trading activities between you and your broker of choice in your trading account. You understand there may be times when the market turns against you or under certain market conditions, it may become difficult, if not sometimes impossible, for you to liquidate a position, and you take full responsibility should this occur. You understand and agree that, should you buy or sell futures discussed or mentioned on the web site or in the real time chat, you may experience a profit and you may experience a loss.
You agree not to hold MyPivots responsible for your orders placed, your orders filled, your futures sold, your futures bought, your profits made, or your losses incurred.
You understand and agree that trading futures can be very profitable or can lead to large losses of your cash, capital, or assets, and you agree not to hold MyPivots responsible should you experience any losses, whether the losses are small or large. You agree and understand that this DISCLAIMER is not implying that these are the only risks involved in trading futures, and it is your sole responsibility to know, investigate, research, and assume all other risks associated with trading futures. You understand that results anticipated should not be based on past performance of stocks discussed on the web site or in the real time chat.
MyPivots will not be held responsible or liable to members or any other parties for the following but not limited to: losses, loss of profits, costs or expenses, loss of use, damages (whether consequential or incidental) resulting from any errors in, emissions of, or alterations to information, links, downloaded material, or accessed material received while accessing the site. Generally reliable sources used to provide information which is discussed on the web site and in the real time chat cannot be guaranteed for accuracy or validity due to the fact that such companies and providers do not provide a guarantee either. As a courtesy to members, MyPivots may make available links to other service providers or vendors. MyPivots makes no warranties, express or implied, as to the fitness or reliability of these providers or vendors. Members are encouraged to assess independently the providers and their products or services.
MyPivots will not be held liable or responsible for, arising out of use, any interpretation or implementation of information on this site. By using this site, there is no warrant that information contained, obtained, or utilized is error or defect free, or that servers accessed are free of harm or any viruses. YOU agree to be responsible for any and all costs that may occur to your computer and all components.
YOU agree not to duplicate or solicit any information or material from the MyPivots site or the real time chat without the prior written approval and consent from MyPivots.
MyPivots operates the web site and real time chat and YOU assume the entire risk of the trading technique YOU practice. MyPivots expressly disclaims any information posted by any source allowed to post information on the MyPivots web site. Information presented on the MyPivots web site or in the real time chat is acted upon solely by YOU and actions taken are solely YOUR decision and not MyPivots.
MyPivots recommends all members practice Paper Trading (trading without using actual cash, and tracking the prices you would be buying and selling a futures without actually spending or risking capital) until YOU have found a system with which YOU are comfortable. Keep in mind that Paper Trading is substantially different than actually trading. When Paper Trading, YOU will not experience actual market conditions such as but not limited to: fast moving market, inability to have an order filled, market turns against YOU, etc. When Paper Trading, you should deduct approximately 30% of YOUR profit for a more realistic Paper Trading profit figure. This percentage is not guaranteed to be the actual result and should not be used to guarantee what YOUR profit will be when actually trading with YOUR capital. The risk of trading is always YOUR responsibility. Any trading strategies YOU undertake by utilizing the "Trading-Pit" can expose you to risk.
MyPivots may have results, performance figures and/or statistics on its web site which are the results of back testing and simulations. You should be aware of the following CFTC rule:
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. DO NOT RISK ANY MONEY YOU
CAN NOT AFFORD TO LOSE.
This is for education purposes only.
To read more about the Commodity Futures Trading Commission (CFTC) and the
protection they give to YOU please click
MyPivots reserves the right to make adjustments to the Monthly Membership fees at any time it sees fit. A 30 day advanced notice will be given of any Monthly Membership fee adjustments.
MyPivots has a no tolerance policy for abusive or vulgar language, and any
other types of disruptions in the real time chat and reserves the right to ban
members or anyone else found abusing this policy.
Governing Law and Interpretation: If any term of this Agreement is held invalid,
illegal or unenforceable, the remaining portions shall not be affected.
The officers and/or staff of MyPivots may hold positions, long and/or short, in specific futures, including those discussed or mentioned on the web site or in the real time chat. The trades that are posted on the MyPivots web site and in the real time chat may be simulated, hypothetical or paper trades. You should be aware that some of (or all of) these trades may not have actually been executed in the market and as such all trades should be treated as hypothetical and not actual trades and there is no guarantee or suggestion that the entries and exits of posted trades were actually achievable.
Be advised that any communications that you send to MyPivots or that MyPivots sends to you may be published on this web site in their entirety or in edited form. By sending MyPivots an email or otherwise communicating with MyPivots (through any medium) you acknowledge this condition.
MyPivots provides a Private Messaging system for its members. This allows members to communicate with each other on the web site. The Private Messaging system may not be used to send unsolicited promotional messages to other members. MyPivots reserves the right to inspect and read all messages sent through this medium and reserves the right to lock or terminate the account of anybody missusing the messaging system for any reason. Messages deleted from your Inbox or Sent Mail box, although no longer visible to you, are not deleted permanently from the system and may still be viewed by authorized administrators, moderators and/or MyPivots staff.
Any user participating in the forums on this web site must be prepared to answer reasonable questions about claims that they make or risk having their account locked. "Reasonable questions" is broad ranging and the latitude increases based on what the user is doing on the forum. (This is for the protection of new traders against unscrupulous promotors of systems who have in the past refused to answer important questions.) There is a general two strike rule. A user will be locked out the second time they ignore questions. However, this is a general rule and a user might be locked out on first strike.
Accessing any part of this site using an anonymizer (anonymous proxy server) is strictly prohibited. If you are a member of this site it will result in your account being locked and access denied. If you attempt to use an anonymizer you may have no access to this site or partial and/or erroneous data. Do not rely on any data that you view through an anonymizer.
MyPivots reserves the right to update, change, or modify this DISCLAIMER and TERMS OF SERVICE at any time without prior and/or further notice. It is the responsibility of the member to be aware of and understand any changes. This agreement supersedes prior agreements regarding its subject matter.
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