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Risk Disclosure

Last updated 2026-08-16

Draft — needs legal review before real invites go out This document was drafted to accurately describe how PiloTrader's beta actually works today, but it uses placeholder text ([Company Legal Name], [Registered Address], [Jurisdiction]) where a real legal entity, address, and governing law need to go. Have a qualified lawyer review it — especially the Risk Disclosure — before this product accepts real money or scales beyond a small invite-only beta.
Read this before connecting real funds Trading involves substantial risk of loss and is not suitable for everyone. Automation and guardrails reduce certain risks but eliminate none of them. You can lose some or all of the money you allocate.

1. No guarantee of returns

Nothing in PiloTrader — including any AI-generated screen, rationale, or "Play" — is a prediction or guarantee of future performance. Past patterns the Service identifies (momentum, volume, etc.) do not reliably predict future price movement.

2. Automated exits are not risk-free

Once you approve a Play, its take-profit and stop-loss levels execute automatically without asking again. This is disclosed at approval time, but it means: a stop-loss can still fill at a worse price than its target during fast-moving or illiquid markets ("slippage"), and a brief service or connectivity interruption could delay an exit. Guardrails limit exposure per play and per risk tier — they do not eliminate the risk of loss on any single position or on your account as a whole.

3. Market data: live vs. simulated

Every price in the app is labeled "LIVE" (a real quote from our market-data provider) or "SIM" (a synthetic price used when no live quote is available for that symbol). Trading decisions and automated exits act on whichever price is showing — check the label. Live quotes may be delayed relative to the real-time market and are supplied by a third party we don't control.

4. Simulated ("paper") mode

By default your account trades with simulated funds and no real capital is at risk. This is the recommended way to evaluate the Service. The risks in this document apply once — and only once — you deliberately connect a real brokerage account.

5. Beta software risk

PiloTrader is in active beta. Bugs, downtime, or unexpected behavior are more likely than in mature financial software. We do not guarantee uninterrupted availability of screening, monitoring, or auto-exit functionality.

6. You are responsible for your own decisions

PiloTrader is not a registered investment adviser or broker-dealer, and using it does not create an advisory relationship. Every Play requires your explicit approval — approving it is your decision, made with whatever independent judgment, research, or professional advice you consider appropriate. You are responsible for understanding any product you allocate to and for your own tax reporting obligations.

7. Only risk what you can afford to lose

Never allocate money to real trading that you cannot afford to lose. Consider your own financial situation, investment objectives, and risk tolerance before connecting a real brokerage account.

Questions

support@pilotrader.app