The Commodity Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission (SEC) require that you read and understand the following disclaimers before proceeding.

Trading performance displayed herein is hypothetical. The following Commodity Futures Trading Commission (CFTC) disclaimer should be noted.

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance trading 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. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.

The U.S. Securities and Exchange Commission (SEC) requires the following legal notices:
Pure Reason, LLC is an impersonal advisory service, and therefore, no consideration can or is made toward your financial circumstances. All material presented within (henceforth referred to as "this website") is not to be regarded as investment advice, but for general informational purposes only. Trading stocks does involve risk, so caution must always be utilized. We cannot guarantee profits or freedom from loss. You assume the entire cost and risk of any trading you choose to undertake. You are solely responsible for making your own investment decisions. Pure Reason, LLC, its owners, or its representatives are not registered as securities broker-dealers or investment advisors either with the U.S. Securities and Exchange Commission or with any state securities regulatory authority. We recommend consulting with a registered investment advisor, broker-dealer, and/or financial advisor. If you choose to invest with or without seeking advice from such an advisor or entity, then any consequences resulting from your investments are your sole responsibility.
All information posted is believed to come from reliable sources. Pure Reason, LLC does not warrant the accuracy, correctness, or completeness of information available from its service and therefore will not be liable for any loss incurred. Due to the electronic nature of the Internet, the Pure Reason, LLC website, or its fax and e-mail distribution services could fail at any given time. Pure Reason, LLC will not be responsible for unavailability of use of its website, nor undelivered faxes or e-mails due to Internet bandwidth problems, equipment failure, or acts of God.
Pure Reason, LLC, its owners, or its representatives may hold positions in the securities mentioned at this website at any time. However, in no way is Pure Reason, LLC soliciting an offer to purchase securities mentioned at this website.
There is no guarantee past performance will be indicative or future results. No assurance can be given that the recommendations of Pure Reason, LLC will be profitable or will not be subject to losses. Remember to always manage your money like it is a business.
The results listed at this website are based on hypothetical trades. Plainly speaking, these trades were not actually executed. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated trades do not represent actual trading. Also, since the trades have not actually been executed, the results may have over or under compensated for the impact, if any, of certain market factors such as lack of liquidity. You may have done better or worse than the results portrayed. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
No independent party has audited the hypothetical performance contained at this website, nor has any independent party undertaken to confirm that they reflect the trading method under the assumptions or conditions specified hereafter. While the results presented at this website are based upon certain assumptions believed to reflect actual trading conditions, these assumptions may not include all variables that will affect, or have in the past affected, the execution of trades indicated by Pure Reason, LLC.
The hypothetical results on this website are based on the following assumptions:

  • The simulation assumes that prices are not influenced by the trades of Pure Reason, LLC, its owners, or its representatives, regardless of the number of contracts executed.

  • The simulation assumes purchase and sale prices believed to be attainable. In actual trading, prices received may or may not be the same as the assumed order prices.

Terms & Conditions
Reproduction, duplication, or redistribution of this material in any form without prior written consent from Pure Reason, LLC is strictly prohibited. You are responsible for the use of your password. You agree that excessive simultaneous account logins from different IP addresses will result in an additional charge on your credit card, or the termination of service. You agree not to give your account information to anyone. You agree that by yourself, or in conjunction with others not to compete with Pure Reason, LLC, or have any interest in such business enterprise which shall be engaged in competition, as proprietor, partner, employee, shareholder, principal, agent, consultant, director, officer, or in any capacity or manner whatsoever, anywhere. You also agree not to lend money to any persons for the reason of creating a service that competes with Pure Reason, LLC.
Membership with Pure Reason, LLC will continue until it is either discontinued by Pure Reason, LLC, or an e-mail stating a request for cancellation is received.