Disclosure/Disclaimer: The risk of loss trading commodities or futures can be substantial. Commodity trading has
large potential risks, in addition
to any potential rewards. You must be aware of the risks and be willing to accept them in order to invest in the futures or
commodities markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to buy or
sell commodity interests. The use or placement of any stop-loss or stop-limit orders may not limit your losses and you could
lose more than your intended amount of money at risk. Past performance of any trading system or methodology is not indicative
of future results. 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 results.