Testimonials and Endorsements Disclaimer

KC Mastermind Pty Ltd Last Updated: January 15, 2026

Federal Trade Commission Compliance Notice

This Testimonials and Endorsements Disclaimer is provided in accordance with 16 CFR Part 255 - Guides Concerning the Use of Endorsements and Testimonials in Advertising, as promulgated by the Federal Trade Commission (FTC), and applicable international consumer protection regulations.

1. Nature of Testimonials

Testimonials and endorsements appearing on the KC Mastermind platform (event.theperfectblueprint.com/trade), in marketing materials, on social media, or in any other promotional context represent the individual experiences and opinions of specific customers, students, or members who have used KC Mastermind's educational services and products.

These testimonials reflect real-life experiences of actual customers and members. However:

1.1 Atypicality of Results

THE RESULTS AND PERFORMANCES DESCRIBED IN TESTIMONIALS ARE NOT TYPICAL.

You should not expect to achieve the same or similar results or performance. Your individual results and performance are likely to vary significantly and may differ materially from those described in testimonials.

The testimonials represent exceptional outcomes achieved by a small minority of students. The vast majority of students do not achieve the results described in these testimonials.

1.2 Individual Circumstances

Testimonial results reflect the unique circumstances, experiences, dedication, skill level, capital resources, and market conditions specific to those individuals. Factors affecting results include, but are not limited to:

Prior trading experience and knowledge

Amount of capital available for trading

Time commitment and dedication

Emotional discipline and psychological resilience

Risk tolerance and position sizing

Market conditions during the trading period

Execution quality and trading platform capabilities

Individual learning ability and application of strategies

2. Editorial Standards

2.1 Authenticity

All testimonials appearing on the KC Mastermind platform were received from actual customers or members via:

Text submissions (email, online forms, direct messages)

Audio recordings

Video submissions

2.2 Editing

Testimonials (whether text, audio, or video) are presented verbatim except for:

Grammatical or typographical error corrections

Editing for length: In cases where the full message is excessively long, portions may be omitted for brevity, provided that the omissions do not materially alter the meaning or context of the testimonial

Clarity improvements: Minor edits for readability or coherence

The substantive content, opinions, and claimed results in testimonials are not altered or embellished.

2.3 Selection

Not all testimonials received are published. KC Mastermind may select testimonials for publication based on relevance, clarity, and appropriateness for the general public. The selection of positive testimonials for publication does not imply that all or most students achieve similar positive results.

3. Compensation and Material Connections

3.1 No Payment for Testimonials

No customer or member whose testimonial appears on the KC Mastermind platform received payment or compensation in exchange for providing their testimonial.

Testimonials were provided voluntarily without financial incentive.

3.2 Material Connections

In some cases, individuals providing testimonials may have received:

Discounted or complimentary access to KC Mastermind educational products or services

Recognition or features in marketing materials

Access to exclusive content or events

Any material connection between KC Mastermind and testimonial providers that could materially affect the weight or credibility of the testimonial will be disclosed in accordance with FTC guidelines.

4. Instructor and Featured Trader Results

4.1 Somesh's Trading Experience

Somesh, the principal instructor of KC Mastermind, is an experienced trader. Somesh's trading results and experience are NOT typical.

Somesh has:

Years of dedicated study and practice in trading

Significant experience in financial markets

Developed specialized skills and strategies over time

Access to substantial capital for trading

Full-time commitment to trading and education

Becoming an experienced trader like Somesh requires exceptional hard work, dedication, discipline, and a significant investment of time. Most students will not achieve Somesh's level of expertise or trading results.

4.2 Featured Traders

Other traders or students featured in KC Mastermind marketing materials, case studies, or educational content are also experienced individuals whose results are not typical of the general student population.

Featured traders may:

Have prior trading experience before joining KC Mastermind

Trade with larger capital than the average student

Dedicate more time to trading than the average student

Possess unique skills, discipline, or market insights

Trade under market conditions different from current conditions

Do not assume that you will achieve similar results to featured traders.

5. Substantiation and Verification

5.1 Student-Reported Results

Testimonials containing specific dollar amounts, percentages, or other quantitative performance metrics are student-reported results that have not been independently verified by KC Mastermind unless explicitly stated otherwise.

KC Mastermind does not:

Track the typical results of current or past students

Have access to student brokerage accounts or trading statements

Independently verify student-reported trading results

Audit student performance data

Student-reported results are accepted in good faith based on the representations made by the students providing the testimonials.

5.2 Instructor Results

Where specific trading results attributed to instructors (including Somesh) are featured, such results may be verified through brokerage statements, trade logs, or other documentation maintained by KC Mastermind. However, instructor results are not representative of typical student outcomes.

6. Academic Research on Day Trader Profitability

To provide context regarding the difficulty of achieving profitable trading results, KC Mastermind references the following independent academic research:

6.1 University of California Study (2014)

A research paper titled "Do Day Traders Rationally Learn About Their Ability?" studied 3.7 billion trades from the Taiwan Stock Exchange between 1992-2006 and found:

Only 9.81% of day trading volume was generated by predictably profitable traders

These predictably profitable traders represent less than 3% of all day traders on an average day

Citation: Barber, Brad & Lee, Yong-Ill & Liu, Yu-Jane & Odean, Terrance. (2014). Do Day Traders Rationally Learn About Their Ability?. SSRN Electronic Journal. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2535636

6.2 University of Oxford and University College Dublin Study (2005)

An article in the Journal of Applied Finance titled "The Profitability of Active Stock Traders" examined 1,146 brokerage accounts day trading U.S. markets between March 8, 2000 and June 13, 2000, finding:

Only 50% were profitable

Average net profit among profitable accounts: $16,619

Citation: Garvey, Ryan and Murphy, Anthony, The Profitability of Active Stock Traders. Journal of Applied Finance, Vol. 15, No. 2, Fall/Winter 2005. Available at SSRN: https://ssrn.com/abstract=908615

6.3 University of Texas Study (2003)

An article in the Financial Analysts Journal titled "The Profitability of Day Traders" studied 334 brokerage accounts day trading U.S. markets between February 1998 and October 1999, finding:

Only 35% were profitable

Only 14% generated profits exceeding $10,000

Citation: Douglas J. Jordan & J. David Diltz (2003) The Profitability of Day Traders, Financial Analysts Journal, 59:6, 85-94, DOI: https://www.tandfonline.com/doi/abs/10.2469/faj.v59.n6.2578

6.4 Interpretation

These studies collectively demonstrate that 50% or more of day traders do not achieve profitability. This underscores that:

Consistently making money from day trading is exceptionally challenging

Most individuals who attempt day trading lose money

Positive testimonials represent exceptional outcomes, not typical results

7. Risk Warnings

7.1 Trading is High Risk

Day trading, options trading, and active trading strategies involve substantial risk of loss. Many traders lose their entire investment. You should only trade with capital you can afford to lose without affecting your financial well-being.

7.2 Past Performance

Past performance is not indicative of future results. The fact that a student or trader achieved positive results in the past does not mean they will continue to achieve positive results in the future, nor does it mean that you will achieve positive results.

7.3 No Guarantee

KC Mastermind makes no guarantee, representation, or warranty that you will achieve any specific results from using our educational services, applying the strategies taught, or following the advice of instructors.

8. Educational Purpose Only

8.1 Not Investment Advice

Testimonials, case studies, and examples provided by KC Mastermind are for educational and illustrative purposes only. They do not constitute:

Investment advice or recommendations

Offers to buy or sell securities

Endorsements of specific trading strategies

Predictions of future performance

8.2 No Personalized Guidance

KC Mastermind provides general education, not personalized investment advice tailored to your individual financial situation, goals, or risk tolerance.

You are solely responsible for:

Evaluating whether trading is suitable for you

Making all trading decisions

Managing your risk

Complying with applicable laws and regulations

8.3 Professional Consultation Required

Before engaging in trading, you should consult with licensed and qualified professionals, including:

Financial advisors (to assess suitability and risk)

Tax professionals (to understand tax implications)

Legal counsel (to ensure regulatory compliance)

9. Disclosure of Hypothetical and Simulated Results

9.1 Hypothetical Performance

Some testimonials, examples, or educational materials may reference hypothetical or simulated trading results. Hypothetical performance results have significant inherent limitations:

Prepared with hindsight: Strategies may be designed with the benefit of knowing past market behavior

No financial risk: Simulated trading does not involve actual capital at risk

Idealized conditions: May not account for real-world factors such as slippage, liquidity, emotional stress, or execution delays

No representation is made that any account will or is likely to achieve profits or losses similar to those shown in hypothetical examples.

9.2 CFTC Rule 4.41

In accordance with Commodity Futures Trading Commission (CFTC) Rule 4.41, please note:

Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.

One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading.

For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.

10. Chat Room and Forum Disclaimers

10.1 Moderator Commentary

Moderators in KC Mastermind chat rooms or forums may discuss trades, share opinions, or present ideas. Moderator commentary is for educational purposes only and does not constitute personalized investment advice or recommendations.

Moderators:

May call out or post both real and hypothetical trades

Are not required to disclose whether specific trades are real or simulated

May execute trades at different times or prices than stated

Are not required to disclose all of their trades or positions

May hold positions inconsistent with the ideas they discuss

Operate under their own individual trading plans, which may differ from strategies taught by KC Mastermind

You should not rely on moderator statements as the basis for your trading decisions.

10.2 Member Contributions

Members in forums or chat rooms may share their experiences, results, or opinions. Member-contributed content is not endorsed or verified by KC Mastermind.

Member results are self-reported and not independently verified

Members may have financial interests in securities they discuss

Member opinions may be incomplete, inaccurate, or biased

Participation in public forums exposes you to a wide range of opinions and information quality

Exercise critical judgment and do not rely solely on member contributions for trading decisions.

11. Your Responsibility

By using KC Mastermind's educational services and viewing testimonials, you acknowledge and accept that:

✓ You understand testimonials represent exceptional, non-typical results

✓ You understand that most traders, including most day traders, lose money

✓ You will not rely on testimonials as a basis for your trading decisions

✓ You will conduct your own independent research and due diligence

✓ You will consult with qualified professionals before trading

✓ You accept full responsibility for your trading decisions and results

✓ You will trade only with capital you can afford to lose

✓ You release KC Mastermind from any liability for losses you may incur

12. Requesting Testimonial Removal

If you have provided a testimonial and wish to have it removed from KC Mastermind's platform or marketing materials, please contact us at:

Email: [email protected]

Subject Line: Testimonial Removal Request

We will make reasonable efforts to remove or anonymize your testimonial within a reasonable timeframe. Please note that testimonials may appear in archived or cached versions of web pages, third-party sites, or materials that have already been distributed and are beyond our direct control.

13. Compliance and Updates

This Testimonials and Endorsements Disclaimer is subject to change as regulations evolve and as KC Mastermind's practices are updated. Material changes will be reflected in the "Last Updated" date at the top of this document.

By continuing to use KC Mastermind's services, you agree to be bound by the current version of this Disclaimer.

14. Contact Information

For questions or concerns about this Testimonials and Endorsements Disclaimer, please contact:

KC Mastermind Pty Ltd

Email: [email protected]

Address: PO Box 1006, Sanctuary Cove QLD 4212, Australia

This Testimonials and Endorsements Disclaimer is an integral part of the Terms and Conditions and Risk Disclosure Statement of KC Mastermind. Please review all related legal documents for complete information.

Last Updated: January 15, 2026