Risk disclosure. Kalman trades its own capital and publishes the results for informational purposes only. Nothing here is investment advice, an offer, or a solicitation. Systematic trading can and does lose money — the desk publishes its results, including losses, unedited. Backtested figures are hypothetical, derived from historical data with modelled fees and slippage, and do not represent actual trading. Hypothetical results have inherent limitations and are not indicative of future performance. Digital assets are volatile and you can lose your entire balance.