These terms apply between you and caffenatd. ("we", "us"). By subscribing you accept them. If you do not accept them, do not subscribe.
I. What the membership is
Your subscription is to caffenatd. research, a publication covering congressional and insider filings, institutional positioning, upcoming listings and market analysis. Research is published as filings appear rather than to a fixed schedule.
Membership also includes access to a members' Discord and to the caffenatd. execution software described in clause III. The software is provided as part of the membership. It is not sold separately, and no additional or performance-based fee is charged for it.
II. We are a publisher, not an adviser
caffenatd. is a publisher of market research. We are not licensed to provide investment advice and we do not provide it.
Nothing in the research, in the Discord, in the software, or in any communication from us constitutes personal investment advice, a recommendation, or an offer to buy or sell any security. None of it takes account of your circumstances, your objectives, your financial position or your needs.
Every decision to trade is yours. You should consider whether any position is appropriate for you and, if you are unsure, take independent advice from someone licensed to give it.
III. The software
We grant you a personal, non-exclusive, non-transferable licence to use the caffenatd. connector for the duration of your membership, on one computer at a time.
The software receives instructions from our servers and places corresponding orders in your own brokerage account. You configure how much of your account it may use and how large each position should be.
You may not copy, distribute, sell, sublicense, decompile, reverse-engineer or attempt to derive the underlying logic of the software, nor share your access with any other person.
The software is provided as it is, without warranty of any kind. We do not warrant that it will be uninterrupted, free from error, or that it will place any particular order at any particular price. All software carries the possibility of interruption or unexpected behaviour, and this software depends on your computer, your internet connection, your broker and our servers, none of which we control in combination.
You accept that risk when you use it. You should not rely on it as your only means of managing a position, and you should monitor your account rather than assume it is being handled for you. We do not accept responsibility for any loss arising from its operation or from its failure to operate.
IV. Your brokerage account
The software runs on your computer and connects to your own brokerage account using your own credentials, which never leave your machine and are never transmitted to us.
We cannot access your account, cannot withdraw from it, and cannot trade it beyond placing the orders you have configured the software to follow. We do not hold client money and we do not manage assets.
You remain solely responsible for every order placed in your account, including orders placed by the software. You may disable it at any time without affecting your membership.
V. Payment and cancellation
Membership is HKD 6,888 per month, payable in advance, and continues until you cancel it.
You may cancel at any time. Cancellation takes effect at the end of the period you have paid for. We do not refund part-months.
If payment fails or lapses, the software will stop opening new positions. It will continue to manage positions you already hold until they are closed, so that nothing is left unattended.
VI. How you may use the membership
Membership is for one person. You may not share your access, your sign-in details, or the content of the research with anyone who is not a member.
You may not republish, resell, forward or systematically extract the research, the alerts, or anything posted in the Discord.
You may not attempt to identify the traders whose positions are published, nor contact, solicit or transact with any research source of ours.
We may end your membership immediately, without refund, if you breach this clause.
VII. Intellectual property
The research, the software, the caffenatd. name and everything we publish remain ours. Your membership grants you a right to read and use them for your own trading, and nothing further.
VIII. Liability
Trading options carries substantial risk and losses can exceed expectations. You may lose the entire value of any position. Our research describes what a trading desk has done; it does not predict what will happen next.
To the fullest extent permitted by law, we are not liable for any trading loss, lost profit, missed opportunity, or any indirect or consequential loss arising from your use of the research, the software, or the Discord.
Where liability cannot be excluded, it is limited to the amount you have paid us in the three months preceding the claim.
Nothing in these terms excludes liability for fraud, for death or personal injury caused by negligence, or for anything else that cannot lawfully be excluded.
IX. Ending the membership
You may cancel at any time. We may end your membership on thirty days' notice, or immediately if you breach clause V or VI.
When membership ends, your access to the research and the Discord stops and the software stops opening new positions. Clauses VII, VIII and X survive.
X. Governing law
These terms are governed by the laws of the Hong Kong Special Administrative Region. The courts of Hong Kong have exclusive jurisdiction.
You are buying research. The software is included so the research is useful. Your account stays yours, your credentials stay on your machine, and every trade is your decision. We are not advising you, and we cannot be responsible for what the market does.