The fine print,
in plain type

LAST UPDATED · 31 JULY 2026

Disclosures Methodology Kill criteria Privacy Terms

Disclosures

What Signal is

Signal Media Co. ("Signal"), the publishing arm of the Finance Wisdom research lab, publishes general and impersonal market commentary of regular circulation — every trading day at 8:00 a.m. ET, identically to every subscriber within a tier. Signal is a publisher. It is not an investment adviser, broker-dealer, or fiduciary, and nothing it publishes creates an adviser–client relationship.

What Signal does not do

No personalised investment advice, portfolio review, or individually tailored recommendations — ever. We do not know your holdings, finances, or risk tolerance, and we are structured so that we never will.
No one-on-one communication about securities. Our channels are broadcast-only by design. Staff do not answer individual "should I buy X" questions, in any channel, for any subscriber.
No trade execution, auto-trading, or brokerage integration of any kind.

Conflicts

No issuer compensation. Signal accepts no compensation of any kind — cash, securities, advertising purchases, or in-kind — from any issuer, underwriter, dealer, or investor-relations firm, for coverage or otherwise. This prohibition binds every principal, employee, and contributor.
Personal trading blackout. Staff may not trade a covered security from the moment it enters the research pipeline until 72 hours after publication. Firm or staff positions, where they exist, are disclosed alongside the published card.
No trading against published work without prompt disclosure of the reversal to all subscribers.

Risk

Trading involves substantial risk of loss, including total loss of capital. Short-term trading in particular produces losses frequently — roughly 45% of our published risk cards are expected to close at a loss even when the system performs as designed. Past results, real or simulated, do not predict future results. Never trade with money you cannot afford to lose.

Availability

Signal is not directed at, and is not available to, residents of the United Kingdom, the EU/EEA, Australia, or Canada. Subscriptions from these jurisdictions are declined or cancelled with a refund.

Methodology

How results are calculated

Entries are assumed at the next session's opening price after publication — a price a subscriber could actually obtain, not the signal-time price.
Exits occur at the published stop, target, or time stop, whichever is touched first.
Results are reported net of modelled slippage and commissions.
Every published card is counted. None are removed, restated, or "annotated" after the fact. The complete record, losers included, is on the record page.
The published-vs-rejected spread compares the average 5-session return of everything we published against everything the scanner fired on but our filters rejected, over a rolling 90-session window, recomputed nightly from the journal. The same computation feeds the website and every email — the two cannot disagree.

Current status: public validation window

Figures currently shown on this site are demonstration output from the pipeline, published while the system's formal 90-day validation window on the liquid-name universe completes. They illustrate the format and are not a performance claim. When the validation window completes, this page will state its outcome — pass or fail — and dated live figures will replace demonstration data.

Hypothetical and simulated results

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. 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 ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

Kill criteria

Published before we accepted our first subscriber. If any of the following trips, we say so prominently on this site and refund the current quarter to paying subscribers:

The published-vs-rejected spread falls to zero or below across two consecutive rolling quarters.
Win rate falls below 45% measured over 200 consecutive published risk cards.
Profit factor falls below 1.2 net of modelled slippage and commissions over a rolling year.
Published results underperform the S&P 500 on both return and maximum drawdown over four consecutive quarters.

These thresholds may be tightened but will never be loosened, and any change is announced with its date on this page. An edge you can't measure in public is a story, not an edge.

Privacy

We collect the minimum required to deliver a newsletter:

Your email address, when you subscribe, held with our email service provider (Resend, Inc.) and used solely to deliver Signal publications and service messages. We never sell, rent, or share subscriber lists.
Payment details, for paid tiers, are processed by Stripe and never touch our servers.
Basic delivery analytics (delivery, open, and click events) used to maintain deliverability and measure what readers find useful, in aggregate.

We deliberately do not collect information about your finances, holdings, net worth, or risk tolerance — anywhere, including "for analytics." Unsubscribing is one click and takes effect immediately for marketing and within one publication cycle for editorial sends. To request deletion of your data, email privacy@financewisdom.io.

CALIFORNIA RESIDENTS: we do not sell personal information as defined by the CCPA.

Terms of service

The service. A subscription grants personal, non-transferable access to Signal's published commentary for the paid period. Content may not be redistributed, resold, or republished.
No advice. All content is general and impersonal commentary. You are solely responsible for your investment decisions. See Disclosures above, which are incorporated here.
Billing and cancellation. Subscriptions renew automatically at the disclosed price until cancelled. Cancellation is self-serve, takes two clicks, and stops the next renewal; access continues through the paid period. Annual founding-price locks persist for as long as the subscription remains continuously active.
Refunds. First-time subscribers may request a full refund within 14 days of first payment. Kill-criteria refunds are described above.
No warranty. The service is provided "as is." To the maximum extent permitted by law, Signal disclaims all warranties and limits its total liability to fees paid in the twelve months preceding a claim.
Governing law and disputes. [Pending counsel review: governing law, venue, and any arbitration provision will be stated here before paid subscriptions open.]
Changes. Material changes to these terms are announced by email at least 14 days before taking effect.

The fine print,in plain type