No investment advice
Nothing in Ledger of Alpha — including analytics, reports, statistics, charts, calculators, AI-generated summaries, or any other content — is a recommendation to buy, sell, or hold any security, contract, or other financial instrument, or to adopt any trading or investment strategy. We are not a broker-dealer, investment adviser, commodity trading advisor, or financial planner, and no fiduciary or advisory relationship is created by your use of the service.
You are responsible for your own decisions
All trading and investment decisions you make are solely your own. You are responsible for evaluating the merits and risks of any decision and, where appropriate, for consulting a licensed financial, tax, or legal professional before acting. You should never treat any output of Ledger of Alpha as a substitute for independent professional advice.
Trading involves substantial risk
Trading and investing in stocks, futures, options, forex, and other instruments carries a high level of risk and may not be suitable for every person. You can lose some or all of your capital, and in leveraged products you may lose more than your initial deposit. Only trade with capital you can afford to lose.
Past performance is not indicative of future results
Any statistics, equity curves, win rates, expectancy figures, or other historical metrics shown in Ledger of Alpha describe your own past activity as you recorded it. They do not predict or guarantee future outcomes. Hypothetical, simulated, and backtested results have inherent limitations and do not represent actual trading.
Accuracy of data and calculations
Ledger of Alpha relies on data you enter and on third-party market-data providers. Quotes, prices, and candles may be delayed, incomplete, or inaccurate, and calculated figures (P&L, fees, risk, returns) depend on the accuracy of your inputs and provider data. We do not warrant that any figure is accurate, complete, or fit for any particular purpose. Verify against your broker's official statements before relying on any number.
Third-party market data
Market data may be sourced from third parties and is subject to their terms and licensing. Such data is provided “as is” for personal, informational use, may be delayed, and must not be redistributed. Ledger of Alpha is not responsible for third-party data errors or outages.
No warranty
The service is provided on an “as is” and “as available” basis without warranties of any kind. See our Terms of Service for the full disclaimers and limitations of liability that apply to your use of Ledger of Alpha.