The end user of this website and/or the Proprietary Trader ("Trader") holding an Paramount Equity Partners LLC ("Paramount") Class C Membership Interest ("Member's Interest") agrees that trading a proprietary account of Paramount does not convey ownership of such account. The account is beneficially owned by Paramount and the securities and cash in the account are not the property of any other entity or individual. As such, no SIPC coverage is afforded to a Member's Interest. In addition, traders will only receive daily sheets in connection with the positions or cash held and securities traded in the account(s). Trader agrees to hold Paramount harmless against any losses, claims, liabilities, costs, expenses and damages (including, without limitation, attorneys’ fees and expenses), in each case as incurred, arising directly or indirectly from any error or omission in the daily sheets or Clearance data and/or records. Traders agree to abide by and comply with all applicable statutes, laws, rules, and regulations of all governmental, regulatory and self-regulatory authorities vested with authority over the parties and transactions contemplated herein. Traders further agree to abide by and comply with all policies and procedures of Paramount.
Paramount and its employees are not Financial Advisors or Registered Analysts. The information contained here within is educational in nature and designed to contribute to your overall understanding of various types of technical analysis and how we interpret this information to develop trading methodologies within the financial markets. We are in no way recommending the investment, purchase, sale or short sale of any securities, options, futures or other financial instruments. You are solely responsible for the development an implementation of your own trading strategies and we urge you to exercise extreme caution prior to executing upon any strategy in real time.
Proprietary trading and all other forms of trading may involve the use of leverage, which involves borrowing funds and/or securities in order to take positions in securities where the aggregate value of those positions exceeds the amount of the proprietary account associated with such trader. It is important that Traders fully understand the risks involved in trading securities using leverage, which includes the possibility of losing more funds than deposited in the margin account. The use of leverage is extremely risky and does not necessarily increase the rate of return. Pursuant to Paramount’s Limited Liability Company Agreement, a Trader may be held personally liable for trading losses that exceed the amount of the proprietary account associated with such trader. In addition, capital withdrawals may be subject to significant restrictions or time delays.
Traders may be restricted from trading in certain securities. For example, traders cannot allocate "hot issues" to the account representing their interest. Traders are subject to firm sanctions, including fine, dismissal or disassociation, and potential prosecution under federal securities laws for any illegal or improper activity conducted. Please be advised that the Financial Industry Regulatory Authority, Inc. ("FINRA") and Paramount will be monitoring such trading activities so as to detect any such illegal or improper activity.
Proprietary trading may involve "Day Trading." Day trading is not investing, it is speculating. As with any form of speculation, there are significant risks. Day trading is a fast-paced and high intensity strategy, and the excitement and stimulation of day trading can be very attractive and habit forming, separate from any financial results. Your earnings/losses should be carefully monitored. Since leverage may be used, it is possible to lose more money than you have in the account. Any extension of credit will be charged interest at a varying rate to be determined by the clearing firm based on a predetermined formula.
Past experience does not predict future results. Any success enjoyed by others using day trading strategies does not guarantee similar results for you. Only risk capital should be used, and the rigid observation of a system of "stops" for loss control is strongly recommended to prevent large losses from mounting rapidly. Individuals who have failed to keep tight "stops" while day trading have sustained substantial losses. Cutting losses quickly is an essential cornerstone of successful day trading.
Transaction fees or ticket charges (collectively "fees") may add up to a substantial amount. For many successful traders, fees consume a substantial portion of gross profits. Understand the fee schedule, if applicable. Some trades may be subject to additional charges if executed by an Electronic Communication Network ("ECN").
Professional traders, funds, specialists, and market makers are also trading securities on a short-term basis. This will cause movements in bid and offer prices and sizes, as well as other changes in the pricing information. These changes may lead a trader to believe that certain transactions will be profitable, when in fact these conditions may quickly disappear, leaving the trader in an unprofitable position.
Continuing to hold positions intended for short-term speculation after the end of the trading day introduces a new level of risk. Securities suitable for day trading are volatile. Various regulatory bodies can halt trading and news outlets can release very helpful or damaging news, causing a stock to open for trading the next day at a price very different from its closing price with no intervening opportunity to exit the trade. Trades executed during a halted market are strictly prohibited. Traders are personally responsible for ensuring that no trades are executed in their account in a stock subject to a halted market.
News outlets can release very damaging or helpful news concerning a security that can cause very sudden, drastic price moves, with very limited opportunities to exit the trade. Paramount does not provide investment advice and does not make any recommendations. In no event shall information provided by Paramount serve as the primary basis for any investment decision made by you. Your decisions to make trades are your own responsibility. Paramount does not represent any trading opportunities as superior to any others. Paramount shall have no responsibility with respect to the authority, propriety, suitability, accuracy, correctness or completeness of any order entered by a Trader, and shall be entitled to rely upon any such order without inquiry or investigation.
Disruptions in the electronic trading systems or lines used by Paramount, the Nasdaq or the NYSE could disrupt trading and the liquidity and availability of timely execution could diminish substantially. If this occurs during periods of volatility, substantial losses may be incurred. In no event shall Paramount be liable for losses, claims, liabilities, costs, expenses and damages that occur due to the disruption or failure of any computer, line, or system, regardless of whether such disruptions or failure may have been anticipated by Paramount.
Liquidity refers to the ability of market participants to buy and sell securities. Generally, the more orders that are available in a market, the greater the liquidity. Liquidity is important because with greater liquidity it is easier for investors to buy or sell securities, and as a result, investors are more likely to pay or receive a competitive price for securities purchased or sold. There may be decreased liquidity in extended hours trading as compared to regular market hours. As a result, your order may only be partially executed, or not at all.
Volatility refers to the fluctuations in price that securities undergo during market trading. Generally, the higher the volatility of a security, the greater its price swings. There may be greater volatility in extended hours trading than in regular market hours. As a result, your order may only be partially executed, or not at all, or you may receive an inferior price in extended hours trading than you would during regular market hours.
Depending on the extended hours trading system or the time of day, the prices displayed on a particular extended hours trading system may not reflect the prices available in other concurrently operating extended hours trading systems dealing in the same securities. Accordingly, you may receive an inferior price in one extended hours trading system than you would in another extended hours trading system.
The spread refers to the difference between the price at which you can buy a security and the price at which you can sell a security. Lower liquidity and higher volatility in extended hours trading may result in wider than normal spreads for a particular security.
By accepting the terms and conditions here within, you understand the above risks and agree to the terms and conditions set forth above by Paramount and agree to hold Paramount and its representatives harmless against any claim arising out of the use of any information Paramount has provided you.