Disclosures

The risks and limits of what we publish.

Last updated November 1, 2026

General research

Briefs do not account for your objectives, finances or risk tolerance.

Earnings can move a stock sharply, often overnight when you cannot trade. A stop can fill far from its price.

Options can lose their full premium, and some strategies can lose more than the amount invested. An implied move is a market price, not a forecast.

Historical moves and past plays do not predict future ones.

Norvale Instruments (NRVL) is fictional. The sample brief and charts use made-up figures.

Market and company data can contain errors or change after publication.