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DISCLAIMER

This disclaimer applies to two books:
"Short Swing Trading" and "The TRUTH about Trading for a Living"
written by David Graeme-Smith.
Herinafter called "the books"

The trading strategies, securities, or products discussed in the books may be unsuitable for investors depending upon their specific investment objectives and financial position. Investors must make their own investment decisions in light of their own investment objectives, risk profile, and circumstances and using such independent advisors as they believe necessary. Therefore, the information provided in the books, website or other communication is not intended to give investors specific advice whether they should engage in a particular trading strategy or buy, sell, or hold any security or product mentioned. In addition information provided herein has been prepared solely for informational purposes and is not an offer to buy or sell, or a solicitation of an offer to buy or sell, the securities or products mentioned or to participate in any particular trading strategy. Margin requirements, tax considerations, commissions, and other transaction costs may significantly affect the economic consequences of the trading strategies or transactions discussed and investors should review such requirements with their own legal, tax and financial advisors. Furthermore, securities' trading entails a number of inherent risks; before engaging in such trading activities, investors should understand the nature and extent of their rights and obligations and be aware of the risks involved. The information and data provided in the books, website or any other communication is based on information generally available to the public from sources believed to be reliable. No representation is made that it is accurate, complete, or current or that any returns indicated will be achieved. Certain assumptions have been made in these analyses, which have resulted in projected returns detailed in the books, website or other communication. Changes to assumptions may have a material impact on any returns detailed. Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.

Short Swing Trading

Short Swing Trading and David Graeme-Smith are trading names of Orchid Consulting and Training Ltd.