In short
- Trading stocks, small caps above all, can lose you money quickly, including more than you put in.
- Traderly’s data is delayed at least 15 minutes, and alerts and scans can be late, wrong or missing.
- Replay shows past sessions; results you would have had in replay are hypothetical.
- Nothing in Traderly is advice. Decide for yourself, and get professional advice if you need it.
This summary helps you read the text below; the text below is what applies.
1. You can lose money
Trading and investing in securities carries a high risk of loss. You can lose some or all of the money you trade with, and with margin, short selling or options, more than you put in. Trade only with money you can afford to lose.
2. Small caps carry more risk
Traderly focuses on small-cap stocks, which can be far riskier than larger companies:
- prices can move very fast in either direction, and gaps between trades can be large;
- low float and thin trading can make it hard to buy or sell at the price you see, with wide spreads;
- trading can be halted, often during the sharpest moves, and reopen far from where it stopped;
- offerings, dilution, reverse splits and delistings can change a stock’s value suddenly;
- small caps are a common target of promotion and manipulation schemes.
3. Pre-market and after hours
Trading before the open and after the close usually has less liquidity, more volatility and wider spreads, and prices may not reflect the regular session. Many orders are not allowed or are handled differently in these hours.
4. Delayed data
Market data in Traderly is delayed by at least 15 minutes. Prices, rankings, scans and alerts describe the market as it was, not as it is. Do not use them to time orders on a live market. See our Market Data Notice.
5. Scanners, alerts and indicators
The tools are only as good as the data they read, which can be late, incomplete or later corrected. An alert can fire late, fire when it should not, or not fire at all; a scan can miss a stock or show one that no longer qualifies. Do not rely on any single tool, or on Traderly alone, for a decision.
6. Replay and hypothetical results
Replay rebuilds past sessions so you can study and practise. Any result you get by trading a replay, on paper or in your head, is hypothetical. Hypothetical results have inherent limits: they benefit from hindsight, involve no real orders, fills, slippage or fees, and none of the pressure of risking real money. Past performance, real or hypothetical, does not predict future results.
7. Technology
The Service depends on internet connections, browsers, devices and third-party systems. Outages, delays and errors can happen at any time, including when the market moves most.
8. No advice, your decisions
Traderly does not give investment, financial, tax or legal advice, and is not a broker-dealer or an investment adviser. A symbol appearing in a scan, an alert, a clip or anywhere else on Traderly is not a recommendation. The people behind Traderly may trade securities that appear in the Service.
You are responsible for your own decisions. If you need advice, talk to a licensed professional who knows your situation. Our Terms of Service limit our liability for losses.