1. Testimonials were not compensated.
2. SMB TRAINING is NOT a Broker Dealer. SMB Training engages in trader education and
training. SMB TRAINING offers a number of products and services, both electronical (over the
internet through smbtraining.com) and in person. SMB TRAINING also offers web-based,
interactive training courses on demand.
3. The seminars given by SMB TRAINING are for educational purposes only. This information
neither is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell
securities. You shall be fully responsible for any investment decision you make, and such
decisions will be based solely on your evaluation of your financial circumstances, investment
objectives, risk tolerance, and liquidity needs.
4. This material is being provided to you for educational purposes only. No information
presented constitutes a recommendation by SMB TRAINING or its affiliates to buy, sell or hold
any security, financial product or instrument discussed therein or to engage in any specific
investment strategy. The content neither is, nor should be construed as, an offer, or a
solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any
investment decisions you make. Such decisions should be based solely on your evaluation of
your financial circumstances. Such decisions should be based solely on your evaluation of your
financial circumstances, investment objectives, risk tolerance and liquidity needs.
5. SMB Training and SMB Capital Management, LLC are separate but affiliated companies.
6. No relevant positions
7. Please note: Hypothetical computer simulated performance results are believed to be
accurately presented. However, they are not guaranteed as to accuracy or completeness and
are subject to change without any notice. Hypothetical or simulated performance results have
certain inherent limitations. Unlike an actual performance record, simulated results do not
represent actual trading. Since, also, the trades have not actually been executed; the results
may have been under or over compensated for the impact, if any, of certain market factors such
as liquidity, slippage and commissions. Simulated trading programs in general are also subject
to the fact that they are designed with the benefit of hindsight. No representation is being made
that any portfolio will, or is likely to achieve profits or losses similar to those shown. All
investments and trades carry risks.”