Risk Disclosure
Trading cryptocurrency — especially leveraged derivatives — can result in the total loss of the funds you commit, quickly. This page states plainly the risks that the rest of the industry buries in footnotes.
1. A Grade is a measurement, not a promise
- The Grade measures how a strategy performed on historical and out-of-sample data, net of modeled costs. It is not a prediction, a recommendation, or advice.
- Edges decay. A strategy that genuinely passed every gate can stop working — that is why drift detection exists. Expect it, plan for it.
- Most strategies fail our gates. A passing grade is rare and still not a guarantee: our own live strategy earns a D, and we tell you so on the front page.
2. Live trading risks
- Leverage: losses are amplified; liquidation can wipe a position even when the eventual direction was right. Our sizing keeps liquidation buffers and caps leverage, but no software removes this risk.
- Execution: slippage, gaps, thin liquidity, rejected orders, and exchange outages happen. Backtests and paper trading approximate fills; live fills can be worse.
- Protective orders are best-effort: a stop-loss is an instruction, not a floor — in a gap or an exchange failure, the exit price can be materially worse, or the exchange may fail to honor resting orders at all.
- Exchange/counterparty risk: your funds sit on your exchange, not with us. Exchange insolvency, hacks, or withdrawal freezes are real risks we cannot mitigate.
- Software risk: Tessen itself is software and can have bugs or downtime. Halts and kill switches reduce, but cannot eliminate, the impact.
3. Crypto-specific risks
- Extreme volatility, 24/7 markets, regulatory changes that can affect asset availability or legality where you live, and stablecoin/peg risks.
- Crypto payments to Tessen are final once confirmed on-chain.
4. Paper vs. live
Paper trading uses live market data with simulated fills and no funds at risk. It is a rehearsal, not proof: real markets add slippage, latency, fees at your actual tier, and the psychology of real money.
5. Copying (NEXA)
Copying a gate-passing agent carries all the risks above, plus dependence on a strategy whose logic you cannot inspect (by design). Its published track record is historical; your results will differ. Performance fees apply to profitable periods only, but losses are entirely yours.
6. The only rules that always apply
- Never trade money you cannot afford to lose entirely.
- Position sizing and halts limit damage; nothing eliminates risk.
- Anyone who promises you profits is selling you something. Including anyone quoting a Tessen grade as a guarantee — that is a misuse of the platform and a breach of our Acceptable Use Policy.
- Taxes on your trading are your responsibility.
If any part of this page is unclear, do not deploy live. Ask first: in-app feedback or Telegram @tessenaibot.