LEGAL

Trading Risk Disclosure

LAST UPDATED: 2026-07-20

THIS DISCLOSURE HAS NOT YET BEEN REVIEWED BY AN ATTORNEY, BUT EVERY STATEMENT IN IT SHOULD BE TAKEN AT FACE VALUE: TRADING IS RISKY, AND NOTHING ON THESE SITES PROMISES PROFIT.

Futures and derivatives risk

Futures, event contracts, and other derivatives are leveraged or binary instruments. Trading them involves substantial risk of loss, including the possibility of losing your entire investment, and is not suitable for everyone. You should trade only with capital you can afford to lose.

No guaranteed profit

Nothing produced by Sovereign-Minds — including Talos's execution infrastructure and Augur's research process — guarantees profit. Discipline, validation, and risk controls reduce specific classes of error; they do not create an edge or remove market risk. Any statement suggesting guaranteed returns did not come from us.

Automated systems can fail

Automated execution introduces its own risks in addition to market risk:

• Slippage — fills can occur at worse prices than signals assume.
• Latency — delays between signal, order, and fill can change outcomes.
• Outages — platforms, brokers, data feeds, networks, and the machines running automation can go down, leaving positions unmanaged.
• Data errors — bad ticks, gaps, and vendor discrepancies can trigger wrong decisions.
• Software defects — automation code can contain bugs despite testing.

Hypothetical and simulated results

• Backtests are not live results. Hypothetical performance has inherent limitations: it is constructed with hindsight, may not account for real execution costs and liquidity, and frequently overstates what live trading would have achieved.
• Shadow and paper execution is not funded execution. Simulated fills do not face real liquidity, queue position, or the psychological pressure of funded capital.
• Past performance is not predictive. A strategy that survived a historical period or a forward test can fail in the next regime.
• Augur therefore labels every result with its environment — historical backtest, replay, paper, shadow, or funded live — and never blends them into one number. See the evidence ledger.

Client responsibility

Clients using Talos or Augur infrastructure remain responsible for their own trading decisions, risk limits, broker relationships, and regulatory obligations. Go-live decisions and risk parameters are set by the client, and the client can halt automation at any time via the documented kill-switch.

No individualized investment advice

Sovereign-Minds and Aion provide education, engineering, and coaching. Nothing on these sites is individualized investment, legal, or tax advice, and Sovereign-Minds is not a registered investment adviser, commodity trading advisor, broker-dealer, or fiduciary. Consult a licensed professional before making investment decisions.