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Disclaimer

Last updated: July 7, 2026

Educational publication only

Futures Playbook is an impersonal publication of general and regular circulation. All content, including the daily desk read, levels, scenarios, and graded results, is provided for educational and informational purposes only. Nothing published constitutes investment advice, a recommendation, or a solicitation to buy or sell any futures contract, security, or other financial instrument. Content is not tailored to, and does not consider, the investment objectives, financial situation, or needs of any individual.

No advisory relationship

Your receipt or reading of this content does not create an advisory, fiduciary, or professional relationship. Futures Playbook does not provide personalized advice and will not respond to requests for personalized recommendations regarding any individual account or situation.

Risk of futures trading

Trading futures involves substantial risk of loss and is not suitable for all persons. Leverage can work against you as well as for you. You can lose more than your initial investment. You should carefully consider whether trading is appropriate for you in light of your experience, objectives, financial resources, and other circumstances. Only risk capital should be used.

Hypothetical and simulated performance

Published grades and profit or loss figures reflect simulated fills on one contract measured against recorded market data. They are not live trading results. HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. Past performance, whether actual or simulated, is not indicative of future results.

Data and errors

Content is generated with the assistance of automated systems and third party market data that may be delayed, incomplete, or contain errors. No warranty is made as to accuracy, completeness, or timeliness, and Futures Playbook disclaims liability for any loss arising from reliance on published content.