⚠️ This disclosure applies to every numerical performance figure you see on Bridge Trading unless that figure is explicitly labeled "live, real-money result."
Paper-trade fills, backtest results, AI confidence scores, win rates, simulated PnL, signal-provider historical stats — all are hypothetical performance data subject to the limitations described below.
1. Standard CFTC / SEC Hypothetical Performance Statement
Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. There are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved.
One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. There are numerous other factors related to the markets in general or to the implementation of any specific trading program that cannot be fully accounted for in the preparation of hypothetical performance results, all of which can adversely affect actual trading results.
This is the standard hypothetical-performance disclosure required by:
- CFTC Rule 4.41(b) (Commodity Futures Trading Commission)
- NFA Compliance Rule 2-29 (National Futures Association)
- SEC anti-fraud framework for performance presentations (Securities and Exchange Commission)
2. What Counts as Hypothetical on Bridge Trading
| Source of figure | Required label |
|---|
| Paper-trade fill | "Paper — hypothetical" |
| Live broker fill (real money) | "Live — real money" |
| Backtest | "Backtest — hypothetical" |
| AI confidence / expectancy / win rate | "Model estimate" |
| Signal-provider historical stats on Bridge | "Stream history — hypothetical for follower" |
| Signal-provider stats verified by broker statement | "Verified by broker statement" |
3. Why Hypothetical Performance Differs From Real Performance
- Hindsight bias: Backtests can be tuned (intentionally or not) to look better than the strategy would have performed without the benefit of knowing what already happened.
- No execution risk: Paper-trade fills assume perfect fills at the quoted price. Real fills suffer slippage, partial fills, and rejections.
- No emotional risk: Hypothetical trading is not made under stress. Real trading is. Many strategies that look good on paper fail in live execution because the trader deviates under loss pressure.
- Survivorship bias: A signal provider with a "verified" PnL on Bridge Trading is, by definition, a signal provider whose Discord channel was being monitored. Providers who blew up and disappeared are not on the platform.
- Latency: The time between a signal being published and your account receiving the fill is non-zero. In fast-moving markets the price can move significantly during that interval.
4. What This Means for You
When you see a performance figure on Bridge Trading:
- Look for the label. If it says "Paper," "Backtest," "Model estimate," or "Stream history," it is hypothetical.
- Hypothetical does not mean fake. It means the conditions under which the figure was produced are not identical to live trading.
- Past performance — hypothetical or live — does not guarantee future results.
- Do not size your account or risk tolerance based solely on hypothetical figures.