What RiskMiser Is Not

• A licensed financial advisor, broker, or investment service
• A guarantee of any trading outcome or profit
• A substitute for professional financial, legal, or tax advice
• Responsible for trading decisions you make using its calculations
• Aware of your broker's margin requirements, commissions, or specific rules

Trading Involves Real Risk

Trading stocks, options, and forex carries a significant risk of financial loss. Many retail traders lose money. Past performance of any strategy, tool, or calculator does not guarantee future results.

• Market risk — prices can move against your position rapidly and unpredictably
• Leverage risk — forex and options can amplify both gains and losses significantly
• Liquidity risk — some instruments may be hard to exit at your intended price
• Options-specific risk — options can expire worthless, resulting in total loss of premium paid
• Gap risk — price gaps at market open can cause losses beyond your planned stop loss

Position Sizing Limitations

RiskMiser calculates theoretical position sizes based on the inputs you provide. In real trading your results may differ because:

• Slippage — your stop loss may execute at a worse price than planned
• Commissions and fees are not factored into calculations
• Broker margin requirements may limit your actual position size
• Options and forex values vary by broker and account type
• Tax implications of your trades are not considered

Always verify calculated position sizes against your broker's requirements before placing a trade.

Seek Professional Advice

If you are new to trading or unsure about any aspect of the financial markets, we strongly recommend consulting a licensed financial advisor before committing real capital. A qualified advisor can help you build a plan suited to your financial situation and goals.

Educational Resources

These are reputable, free resources for learning more about trading and risk management: