Disclosures

Cordamente is a personal trading record. It is not an offer to sell, or a solicitation of an offer to buy, any security or interest in any fund, and nothing here is investment advice or a recommendation.

The author is nota registered investment adviser, broker-dealer, commodity pool operator, or commodity trading advisor. Everything here is the author's own research and opinion, about the author's own trading, run with the author's own capital. No one else's money is managed, and none is sought.

There is a hard line between the two, and everything is labelled:

• Backtests are models, not real money. Most strategy pages show backtested results, simulations built and run in QuantConnect to model how a strategy would have behaved. They are shown exactly as they ran. Backtests are hypothetical: they have the benefit of hindsight, involve no real execution or financial risk, and can differ sharply from what happens live.
• The Live Track Record is real. The Live Track Record shows realized returns on the author's own real capital, net of all commissions, fees, and slippage. It is never mixed with backtests on the same chart.

Honest performance reporting is a duty that applies to everyone, registered or not. These rules are published so they can be enforced from outside:

• No cherry-picking. No favorable windows, accounts, or trades are selected. Time periods are shown fairly and completely.
• Every strategy, every month, including losers. All tracked strategies are reported each period. An underperformer is never quietly dropped and a bad month is never omitted.
• Append-only, never restated. Once a month is published it is permanent. History only grows; it is never edited or deleted. This is enforced mechanically before each update.
• Fixed cadence. Live results are published on a set date regardless of outcome. A bad month posted on time matters more than a good month posted selectively.
• Net of fees, in percent. Live returns are net of all costs. Percentages are reported; the dollar amount stays private.
• An auditable record. The underlying data and its full history are version-controlled, so the track record can be independently reconstructed and verified.

Some strategies trade futures (including Nasdaq-100 futures). Trading futures involves substantial risk of loss and is not suitable for everyone. Commodity trading involves substantial risk of loss. Leverage can work against the account as easily as for it. Any futures results shown are proprietary, the author's own trading, and are not combined with anyone else's.

All trading involves risk of loss, including the total loss of capital. Past performance, including backtested performance, is not necessarily indicative of future results.

To be completely clear:

• These are published results, not managed money. Sharing a personal trading record, with no clients and no compensation, is just transparency. No investment is solicited.
• Honesty rules already apply, so they are non-negotiable. That is exactly why the commitments above are written down and public.
• The futures rules are followed. Showing performance that involves futures carries specific risk-disclosure and proprietary-labeling obligations, which this page and these presentations are designed to meet.
• This is a transparency exercise about one person's own trading.That is all it is today. If that ever changes, it will be said plainly and done properly, with the right professionals involved.