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Past results are not indicative of future returns. AGapTrader., its subsidiaries and all "affiliated" individuals assume no responsibilities for your trading and investment results. All examples are for educational purposes only. The performance results noted above are hypothetical. Unlike an actual performance record, hypothetical results do not represent actual trading. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. Since trades have not actually been executed, results may vary due to market factors such as lack of liquidity, slippage and commissions. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown above.