Risk Disclaimer

1. Thesis is a tool, not a fiduciary

Thesis is software. It detects candlestick patterns, calls a third-party AI model for a go/no-go opinion, and routes orders to your broker on your behalf. It is not a registered investment adviser, broker-dealer, financial planner, or fiduciary. Nothing the product shows you constitutes investment advice or a recommendation to buy or sell any security or asset.

You operate the tool. Every trade — manual, copilot-approved, or autopilot-executed — is a decision you have authorized by configuring the system the way you have. You bear the consequences.

2. AI can be wrong

The AI model used for trade decisions is built and operated by a third party. Like all current large language models, it can:

• Misread a setup it has been given.
• Be confidently wrong about market conditions, news, or context.
• Behave differently when the model provider ships an update.
• Fail to anticipate news, halts, gaps, earnings, regulatory action, outages, or any other event outside its training data.
• Produce outputs that look reasonable but reflect statistical patterns rather than understanding.

Confidence scores and reasoning text the AI provides are descriptive, not predictive. A high-confidence AI decision is not a guarantee of a profitable trade. A low-confidence skip is not a guarantee that the trade would have lost money. Use of any AI output is at your own discretion and risk.

3. Markets carry inherent risk

Past performance, including any backtest results we publish or any historical P/L visible in your account, does not guarantee future results. Markets can and do move suddenly, against you, in ways that no system — automated or manual — can reliably anticipate. Stops can slip. Brokers can have outages. Quotes can be stale. Halts and gaps can leave a position outside the price you expected. Liquidity can disappear.

4. You assume all loss

To the maximum extent permitted by law, any financial loss you incur from using Thesis — including but not limited to losses from trades the AI took, trades the AI skipped, missed entries, missed exits, slippage, fees, downtime, market data errors, software bugs, third-party broker behavior, or AI mistakes — is your responsibility, not Thesis's. By using the service you accept that risk knowingly and waive any claim against Thesis, its operators, its employees, or its third-party providers for trading losses.

This is not a small print formality. The whole point of an AI-assisted trading tool is that it acts on your behalf at machine speed. That is useful only if you have already accepted that you are on the hook for what happens.

5. Don't trade money you can't afford to lose

Use practice mode (simulated funds, no real money) until you understand exactly how the system behaves in your hands. When you do go live, only trade capital whose total loss would not materially affect your life. Treat any number you put into a brokerage account as already gone — if you can't be at peace with that outcome, do not trade.

6. Tax, legal, suitability

Thesis does not provide tax advice, legal advice, or any determination that trading is suitable for your circumstances. Talk to a qualified professional if any of those apply to you.

7. Pattern Day Trader rule (FINRA Rule 4210)

U.S. margin accounts under $25,000 are subject to FINRA's Pattern Day Trader rule. An account that places 4 or more day trades (open + close of the same security on the same trading day) within any rolling 5-business-day window gets flagged as a Pattern Day Trader and is restricted from further day trading until equity is brought up to $25,000. Once flagged, the restriction can persist for 90 days.

To keep small-account users well clear of that line, Thesis enforces a stricter 1-equity-entry-per-business-day cap on accounts under $25,000. This is intentional and not configurable from the small-account tier — the goal is to make PDT-flagging effectively impossible during normal use of the bot. The cap applies to U.S. equities only; crypto and cash accounts are not subject to PDT and are not capped by this rule.

Accounts with equity at or above $25,000 can unlock full day-trading capability through the in-app Pattern Day Trader acknowledgment, available on the Pro+ subscription. The acknowledgment requires you to type your legal name, accept full responsibility for the additional risks of frequent intraday trading, and is recorded with timestamp and version on your account. Cancelling Pro+ or letting equity drop below $25,000 reverts the account to the small-account protection tier automatically.

Even with the in-app cap, you remain responsible for monitoring your own day-trade count across all accounts and brokers. If you trade outside Thesis on the same broker, those round-trips also count toward FINRA's 4-in-5 limit and Thesis cannot see them.

8. Service availability

Thesis is provided "as is" without warranty of any kind, express or implied. We may have outages, push bugs, change behavior, or discontinue the service. You should not depend on Thesis being available, accurate, or operational at any specific moment.

9. Acknowledgment at signup

By creating a Thesis account you confirm you have read this disclaimer and our Terms of Service, you understand the risks described, and you agree that any losses you incur are yours alone.

10. Contact

Questions: support@thesistrade.app.