Risk Disclosure Statement

1. General Market Risk

Financial markets are unpredictable. The value of securities can rise or fall dramatically in a short period of time due to economic conditions, market sentiment, geopolitical events, company-specific news, and other factors beyond anyone's control.

2. AI Signal Risk

Zenth Trading uses artificial intelligence to generate trading signals, narrative analysis, and trade recommendations. You acknowledge that:

• AI signals are not financial advice. They are algorithmic outputs based on market data patterns and simulated scenarios, not professional investment counsel.
• AI can be wrong. The models may fail to predict market movements correctly. High confidence scores do not guarantee profitable outcomes.
• Narrative simulations are hypothetical. The multi-persona market simulation represents one possible scenario. Real market participant behavior may differ significantly.
• Backtests do not predict future performance. Strategy results on historical data are not reliable indicators of future results due to overfitting, market regime changes, and other factors.

3. Automated Trading Risk

When using Auto-Pilot in auto-execute mode:

• Orders may be placed automatically without your direct intervention
• System outages, network failures, or software bugs could cause unexpected trades or missed trades
• The kill switch halts new orders but cannot cancel orders already in transit to the exchange
• Risk profile limits are hard constraints but do not eliminate the possibility of significant losses across multiple positions
• You are solely responsible for monitoring automated trading activity

4. Leverage and Margin Risk

Certain Alpaca account types allow margin trading, which amplifies both potential gains and losses. This platform does not currently manage margin positions. Exercise extreme caution if your Alpaca account has margin enabled.

5. Technology and Execution Risk

• Market orders may be filled at prices significantly different from the displayed quote (slippage)
• Internet connectivity issues may delay or prevent order submission
• Third-party service outages (Alpaca Markets, data providers) may affect Platform functionality
• Software updates or system maintenance may temporarily interrupt service

6. Liquidity Risk

Some securities, particularly smaller-cap stocks and certain crypto assets, may have low trading volume. This can result in difficulty executing trades at desired prices, wider bid-ask spreads, and greater price impact from your own orders.

7. Regulatory and Tax Risk

• Tax treatment of investment gains and losses varies by jurisdiction. Consult a qualified tax professional.
• The tax-loss harvesting tool provides estimates only. It does not constitute tax advice.
• Securities regulations may change and affect the legality of certain trading strategies.
• Wash-sale rule tracking is provided as a convenience — verify compliance with a tax professional.

8. Suitability

Active trading and automated strategies may not be suitable for all investors. Consider carefully whether this type of trading suits your:

• Financial situation and ability to sustain losses
• Investment objectives and time horizon
• Risk tolerance
• Trading experience and knowledge

If in doubt, consult a registered investment adviser before using automated trading features.

9. Not Investment Advice

Nothing on this Platform constitutes investment advice, a solicitation to buy or sell any security, or a recommendation of any particular trading strategy. Zenth Trading is a software tool. All investment decisions are yours alone.

10. Acknowledgment

By using Zenth Trading's trading and automation features, you confirm that you have read, understood, and accept this Risk Disclosure Statement. You further confirm that you are trading with risk capital — funds you can afford to lose — and not funds essential to your financial wellbeing.