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If hypothetical or simulated performance results are used, these have certain inherent limitations. Unlike an actual performance
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made that any account will or is likely to achieve profits of losses similar to those shown. In fact there are frequently sharp differences
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One of the limitations of hypothetical performance results is that they are generally prepared with 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
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For example, the ability to withstand losses or adhere to a particular trading program in spite of the trading losses are material points,
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