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TradeStation Securities, Inc. Seeks to serve institutional and active traders. Please be advised that active trading is generally not appropriate for someone of limited resources, limited investment or trading experience, or low risk tolerance, or who is not willing to risk at least $50,000 of capital.

This book discusses in detail how TradeStation is designed to help you develop and test trading strategies. We offer you unique tools to help you design your own strategies and look at how they could have performed in the past. While we believe this is very valuable information, we caution you that simulated past performance of a trading strategy is no gu arantee of its future performance or success. We also do not recommend or solicit the purchase or sale of any particular securities or securities derivative products.

Any securities symbols referenced in this book are used only for the purposes of the demonstration, as an example; not a recommendation. Finally, this book shall discuss automated electronic o rder placement and execution. Please note that even though TradeStation has been designed to automate your trading strategies and deliver timely order placement, routing and execution, these things, as well as access to the system itself, may at times be delayed or even fail due to market volatility, quote delays, system and software errors, Internet traffic, outages and other factors. All proprietary technology in TradeStation is owned by TradeStation Technologies, Inc., an affiliate of TradeStation Securities, Inc. The order execution services accessible from within TradeStation are provided by TradeStation Securities, Inc. Pursuant to a technology license from its affiliate and its authority as a registered broker-dealer a nd futures commission merchant.

All other features and f unctions of TradeStation. Option trading carries a high degree of risk. Purchasers and sellers of options should familiarize themselves with option trading theory and pricing, and all associated risk factors. Please read the Characteristics and Risks of Standardized Options available f rom the Options Clearing Corporation website: or by writing TradeStation Securities, 8050 SW 10 Street, Suite 2000, Plantation, FL 33324.

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Licensed to its affiliate, TradeStation Securities, Inc. (Member NYSE, FINRA, NFA and SIPC).