Risk Disclosure

1. Trading risk

Trading equities and options involves a substantial risk of loss and is not suitable for every investor. You can lose some or all of the money in your brokerage account, and with certain option positions more than your initial outlay. Only trade with money you can afford to lose.

Options are complex instruments. Before trading options you must read the Options Clearing Corporation's booklet Characteristics and Risks of Standardized Options, available from your broker. Short-dated (including same-day-expiry) options and multi-leg spreads can lose their entire value quickly.

2. Automated execution risk

When automatic execution is on, Meshesha transmits orders to your brokerage account without asking you first. That means:

• A wrong, stale, duplicated, or malicious signal can become a real order in seconds. Sources are third parties or other members; we do not verify their signals.
• Software defects, deployment mistakes, and configuration errors on our side can transmit wrong orders, wrong sizes, or no orders at all. The Service is under active development.
• Auto-close rules (stop-loss, profit-take, producer exits) run on a schedule and depend on market data and broker availability. They can fire late, fire at a worse price than the level shown, or not fire. A stop level is not a guaranteed exit price.
• Market orders can fill far from the last quoted price in fast or thin markets, and can exceed the notional you expected.
• Broker, exchange, network, or hosting outages can leave positions unmanaged. You must be prepared to manage or close positions directly at your broker at any time.
• The kill switch, pausing a source, and turning automatic execution off stop NEW position-opening orders; closing and protective orders for positions you already hold continue, and none of these controls can recall orders already sent.

You are responsible for monitoring your account. Set position, loss, and concurrency limits that reflect what you can afford; keep risk management enabled unless you fully understand what turning it off means.

3. Simulated (paper) performance

Simulated performance. These results come from a paper-trading account that attempts to trade each eligible signal once, at a fixed unit size, under fixed rules; signals it cannot trade (unsupported structures, stale or expired, capped) are not scored, so scored trades can be fewer than signals received. No real money was traded. Simulated results do not represent actual trading, have inherent limitations (no commissions, fills at a paper venue, no liquidity or slippage constraints), and are not a guarantee or indication of future results.

Every provider grade, score, win rate, average return, profit factor, drawdown, and benchmark P&L figure shown in the Service (the Providers leaderboard and scorecards, and any figure labeled simulated) is derived from a paper-trading benchmark account that attempts to trade one fixed unit of each eligible signal under published rules; signals the benchmark cannot trade (unsupported structures, stale or expired, or beyond its open-position cap) are not scored, so the number of scored trades can be smaller than the number of signals a source sent. Simulated results have inherent limitations: they are prepared with the benefit of hindsight about which signals arrived, they do not reflect commissions or regulatory fees, fills occur at a simulated venue that may not match real liquidity, and no simulated record accounts for the effect that real losses have on a trader's decisions. Your own results — even in paper — will differ because your sizing, limits, and timing differ.

Separately, the signal feed may show a result labeled "provider-reported" next to a provider's exit alert. That figure is copied from the provider's own message: it is not verified by us, is not a fill in your account, and is not a benchmark measurement. Treat it as the provider's claim. Where any figure is derived from your own paper account, it is likewise simulated. We do not blend simulated, provider-reported, and real results in any metric. Past performance, real, simulated, or provider-reported, is not a guarantee or indication of future results.

4. Not advice; no suitability review

Meshesha does not consider your financial situation, objectives, experience, or risk tolerance. Listing, grading, or featuring a source is not a recommendation. Nothing in the Service is investment, legal, or tax advice; consult a licensed professional if you need advice.

5. Live trading

Live (real-money) execution is disabled platform-wide today. If it is enabled in the future it will require your separate, explicit authorization and your own live broker credentials, and every risk above will apply to real money.