Disclaimer & disclosures · The Paper Desk

1. Paper trading only

Every account shown here is paper trading (simulated) with virtual money. No real funds are involved and no real orders have been sent to any exchange or broker.
Virtual fills use public market data or demo-account quotes. Real trading has more slippage, spread, funding costs and latency, and usually performs worse.
Some costs (for example commission on one account) are not yet verified. This is flagged on the account card, and those figures are optimistic.

This site is an educational research journal. It is not investment advice, not a trade signal or "call", and not a personal recommendation to anyone.
Any mention of long/short views or scenarios in the research notes describes the team's virtual paper accounts only.
Crypto and gold prices are very volatile and you can lose all of your money. Past performance, simulated or real, does not predict future results.
Do your own research and consult a licensed professional before making any investment decision.

The authors and the team are not licensed by the Securities Commission Malaysia (SC), the US SEC or CFTC, or any other regulator, and do not provide regulated investment advice, fund management or dealing services.
This site does not recommend any trading platform. Exchange or broker names appear only to identify data sources.

No exchange or broker referral, invite or affiliate links, and none are planned.
No payments or sponsorship from any project, exchange or broker.
No promotion of gambling or prediction markets (betting platforms) of any kind.
An ad space is reserved on some pages; no ads are running. If display ads are added later, this page will be updated, and ads will not reflect the site's views.
Team holdings: all accounts on this site use virtual money. If real holdings ever need disclosure, it will appear here.

Every number aims to state its source and basis. Data we can't get is shown as "No data yet" or "UNKNOWN", never estimated.
Errors are corrected publicly; see Corrections.
Market data comes from public APIs and may be delayed or wrong; no guarantee of accuracy, completeness or timeliness.

Content on this site is mainly generated by AI research roles and automatically checked, but it may still contain errors. English pages are summaries translated from the team's Chinese research notes.

Last updated: 2026-10-22 (UTC+8)