What can go wrong, stated plainly

Perps trade with leverage. Adverse price moves can liquidate a position and permanently remove capital from your account. Only allocate capital you can afford to lose entirely.

Every metric on this site describes what already happened, using cached public data. Traders who performed well can lose money immediately afterwards. No figure shown is a forecast, target or promise.

Scores are recalculated from snapshots, so a deteriorating trader may remain in the basket for a period before probation or replacement takes effect. During that window your account continues to mirror them.

Mirroring is not instantaneous or identical. Latency, order-book depth, slippage, funding rates, position sizing and available margin all cause your realized outcome to diverge — sometimes materially — from the leader's.

Keeping custody removes counterparty risk from us. It does not remove market risk, liquidation risk, smart-contract risk, exchange risk or the risk of an approved agent placing losing trades on your behalf.

Hard breaches such as risk-limit violations trigger immediate removal from the basket. Softer score decay routes through probation instead, to avoid churning leaders on statistical noise. Both mechanisms are heuristics and can be wrong.

The system depends on Hyperliquid APIs, cached snapshots and network availability. Outages, stale data or degraded execution can delay mirroring, replacement or risk-control enforcement.

There is no guaranteed return, no capital protection, no loss recovery and no insurance. Diversification and risk controls aim to improve risk-adjusted outcomes; they cannot ensure a profit or prevent a loss.