Disclaimer & Terms of Use

Applies to Galadriel’s Mirror v6.38

Read this before using the trading features.

This software can place, modify and cancel real orders in a live brokerage account. It is provided free, as is, with no warranty of any kind. Options trading carries a substantial risk of loss. You use this software entirely at your own risk.

No warranty

Galadriel’s Mirror is provided "as is" and "as available", without warranty of any kind, express or implied, including but not limited to the implied warranties of merchantability, fitness for a particular purpose, accuracy and non-infringement.

It may contain errors. It may calculate a price, quantity, strike, delta or profit and loss figure incorrectly. It may submit an order you did not intend, fail to submit one you did, fail to cancel one you asked it to cancel, or fail to record one that filled. It depends on third-party services — including your broker's interfaces — which may be unavailable, delayed, or return incorrect data. No representation is made that it will be available, uninterrupted, timely, secure or error-free.

Not financial advice

Nothing produced by this software is investment, financial, tax, accounting or legal advice, or a solicitation or recommendation to buy, sell or hold any security or to enter any transaction. Any strategy, default value, parameter, rating, projection or suggested order presented by this software is an illustration, not guidance, and is not tailored to your circumstances, objectives or risk tolerance.

The author is not a registered investment adviser, broker-dealer, or financial professional. Consult a licensed professional before making any investment decision.

Trading risk

Options trading involves a substantial risk of loss and is not suitable for every investor. Certain strategies, including uncovered and ratio positions, can lose substantially more than the amount originally invested and may expose you to unlimited loss. Past performance — whether your own, as recorded in this tool, or anyone else's — does not indicate future results.

Automated and assisted order entry

Some features of this software construct and submit orders to your broker, including features that may act automatically without your intervention at the time an order is placed. You are solely responsible for:

Records shown in this software are for your own tracking convenience. Your broker's records are the authoritative account of what you hold and what you traded.

Limitation of liability and release

To the fullest extent permitted by law, the author and any contributor shall not be liable for any direct, indirect, incidental, special, consequential, exemplary or punitive damages, or for any loss of profits, trading losses, loss of data, or loss of goodwill, arising out of or in connection with your use of, or inability to use, this software — whether based in contract, tort, negligence, strict liability or otherwise, and whether or not the possibility of such damages was advised.

By using this software you agree to release, indemnify and hold harmless the author and any contributor from and against any claim, demand, loss, liability, cost or expense arising out of your use of it or your breach of these terms.

No affiliation

This software is an independent personal project. It is not affiliated with, endorsed by, sponsored by, or supported by Charles Schwab & Co., Inc., thinkorswim, Google, or any broker, exchange, market data provider or advisory service. All trademarks are the property of their respective owners.

Broker access

If you connect a brokerage account, the access granted is not read-only: it permits this software to read balances and positions and to place, modify and cancel orders in the accounts you authorise. You may revoke that access at any time from your broker's account security settings. Signing out within this software removes stored credentials from your browser but does not by itself revoke the grant at your broker.

Your data

Your trading data is stored in your own browser, and in your own Google account if you enable the optional sync. See the Privacy Policy for details. No guarantee is made against loss or corruption of that data; keep your own backups.

Changes

These terms may change as the software changes. Continued use after a change constitutes acceptance of the revised terms.

If you do not agree

Do not use this software.

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