-- RISK DISCLOSURE STATEMENT -- THE RISK OF LOSS IN TRADING COMMODITIES CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IN CONSIDERING WHETHER TO TRADE OR TO AUTHORIZE SOMEONE ELSE TO TRADE FOR YOU, YOU SHOULD BE AWARE OF THE FOLLOWING: IF YOU PURCHASE A COMMODITY OPTION, YOU MAY SUSTAIN A TOTAL LOSS OF THE PREMIUM AND ALL TRANSACTION COSTS. IF YOU PURCHASE OR SELL A COMMODITY FUTURE OR SELL A COMMODITY OPTION, YOU MAY SUSTAIN A TOTAL LOSS OF THE INITIAL MARGIN FUNDS AND ANY ADDITIONAL FUNDS THAT YOU DEPOSIT WITH YOUR BROKER TO ESTABLISH OR MAINTAIN YOUR POSITION. IF THE MARKET MOVES AGAINST YOUR POSITION, YOU MAY BE CALLED UPON BY YOUR BROKER TO DEPOSIT A SUBSTANTIAL AMOUNT OF ADDITIONAL MARGIN FUNDS, ON SHORT NOTICE, IN ORDER TO MAINTAIN YOUR POSITION. IF YOU DO NOT PROVIDE THE REQUESTED FUNDS WITHIN THE PRESCRIBED TIME, YOUR POSITION MAY BE LIQUIDATED AT A LOSS, AND YOU WILL BE LIABLE FOR ANY RESULTING DEFICIT IN YOUR ACCOUNT. UNDER CERTAIN MARKET CONDITIONS, YOU MAY FIND IT DIFFICULT OR IMPOSSIBLE TO LIQUIDATE A POSITION. THIS CAN OCCUR, FOR EXAMPLE, WHEN THE MARKET MAKES A "LIMIT MOVE." THE PLACEMENT OF CONTINGENT ORDERS BY YOU OR YOUR TRADING ADVISOR, SUCH AS A "STOP-LOSS" OR "STOP-LIMIT" ORDER, WILL NOT NECESSARILY LIMIT YOUR LOSSES TO THE INTENDED AMOUNTS, SINCE MARKET CONDITIONS MAY MAKE IT IMPOSSIBLE TO EXECUTE SUCH ORDERS. A "SPREAD" POSITION MAY NOT BE LESS RISKY THAN A SIMPLE "LONG" OR "SHORT" POSITION. THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN COMMODITY TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. THIS BRIEF STATEMENT CANNOT DISCLOSE ALL THE RISKS AND OTHER SIGNIFICANT ASPECTS OF THE COMMODITY MARKETS. YOU SHOULD THEREFORE CAREFULLY STUDY THIS DISCLOSURE DOCUMENT AND COMMODITY TRADING BEFORE YOU TRADE, INCLUDING THE DESCRIPTION OF THE PRINCIPAL RISK FACTORS OF THIS INVESTMENT, SEE SPECIFICS ON TOP GUN TRADING SYSTEMS LISTED BELOW. THIS COMMODITY TRADING ADVISOR IS PROHIBITED BY LAW FROM ACCEPTING FUNDS IN THE TRADING ADVISOR'S NAME FROM A CLIENT FOR TRADING COMMODITY INTERESTS. YOU MUST PLACE ALL FUNDS FOR TRADING IN THIS TRADING PROGRAM DIRECTLY WITH A FUTURES COMMISSION MERCHANT (FCM) THROUGH AN INTRODUCING BROKER (IB). INFORMATION SPECIFIC TO TOP GUN TRADING SYSTEMS THE TOP GUN TRADING SYSTEM IS CONSIDERED A THREE COMPONENT TRADING SYSTEM. THE FIRST COMPONENT IS THE TOP GUN TRADING SYSTEMS BOOK. THE SECOND COMPONENT IS THE PROPRIETARY TOP GUN TRADING SYSTEMS SOFTWARE. THE THIRD COMPONENT IS THE SIGNALS THAT ARE GENERATED FOR EACH TRADING SYSTEM. FOR YOUR CONVENIENCE AND FOR A BETTER UNDERSTANDING OF THE SYSTEM TOP GUN TRADING SYSTEMS, INC. HAS JOINED FORCES WITH TOP GUN BROKERAGE L.L.C. TO PROVIDE YOU WITH A MORE COMPLETE SERVICE AND BETTER UNDERSTANDING OF THE TOP GUN TRADING SYSTEM. TRADING THIS SYSTEM WITHOUT ALL OF IT'S COMPONENTS COULD QUITE POSSIBLY EXPOSE YOU TO A MUCH HIGHER RISK LEVEL THAN USING THIS SYSTEM WITH ALL OF ITS COMPONENTS. IT IS HIGHLY RECOMMENDED THAT YOU PROCEED IN THIS MANNER · OBTAIN THE TOP GUN TRADING SYSTEMS BOOK. · OBTAIN THE TOP GUN TRADING SYSTEMS CHARTING SOFTWARE. · UNDERSTAND HOW THE TWO OF THESE COMPONENTS INTERACT, · INTRODUCE THE TOP GUN TRADING SYSTEMS PREMIUM SERVICE SIGNALS PAGE. · UNDERSTAND HOW THAT PAGE INTERACTS ON A DAILY BASIS WITH THE CHARTING SOFTWARE, THE BOOK RULES AND THE INTERPRETATIONS DRAWN WITH ALL THREE OF THEM IN COMBINATION. THE TOP GUN TRADING SYSTEMS COSTS DUE TO THE CTA ARE OUTLINED AS FOLLOWS: DAY TRADING RELATED COSTS: · TONY CATALFAMO'S TOP GUN DAY TRADING SYSTEMS BOOK $220.00 · TOP GUN TRADING SYSTEMS SOFTWARE LEASE $150.00 PER MONTH · TOP GUN TRADING SYSTEMS PREMIUM DAY TRADE SIGNALS $1000.00 PER MONTH · OPTIONAL SERVICES ARE AVAILABLE AT RATES FROM $150.00 PER MONTH, THESE SERVICES CARRY A HIGHER RISK PROFILE. · SOME SERVICE ENHANCEMENTS TO THE PREMIUM SERVICE ARE AVAILABLE FROM $200.00 PER MONTH. SELECTION OF THESE SERVICES MAY NOT NECESSARILY REDUCE OR INCREASE SYSTEM RISK. END OF DAY POSITION TRADING SERVICE RELATED COSTS: · END OF DAY POSITION TRADING SYSTEM REQUIRES PURCHASING SIGNALS AT $250.00 PER MONTH.