Stock trading can be an exciting game with high stakes. On some days, you might be reaping the benefits of pleasing and positive numbers. However, on other days you may experience the opposite and it can be very difficult to get back to where you were your peak. If you are always in the mud You will need to realize that relying on instinct and survival may not always be enough.
If you’ve suffered occasional losses You’ll need reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the globe. That’s why we’ve found an option that can help you to improve your performance in the industry. We’ll take a look at Profit.ly is a well-known single-stop social platform to trade!
For those of you who prefer a more visual experience, here is a video review from Mark Gossage’s YouTube channel. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 D Ideas
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of various levels to be informed, transparent, accountable, and encouraging each other through its broad array of tools and features including chat rooms, trade verification and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for those who are starting out and also as a platform for experienced traders to track their performance using the aid of cutting-edge analytics tools. Providing users with a wide variety of tools for trade and communication that help traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries of this platform. Think of it as the social media equivalent to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are valid and won’t accept fake news as long as possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine Sykes stated that Profit.ly was based “on the transparency of every trade, something that has never been done before.” The idea was, he said, serving two goals: 1.) creating public track records for not just the gurus and students and newsletter writers, and 2) allowing anyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. D Ideas
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of features and services aimed toward success. You can create an account on the site at no cost, however you’re only given the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s offerings that we’ll review in the coming days.
Setting up an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you’ll be given an opportunity to make through the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a glimpse of the performance of the trading community and its experts. It’s not just a way to demonstrate that you’re worthy to the community of traders. You can also use Profit.ly to buy with a guru, and have the assurance that you’re confident with their expertise and the veracity of their assertions.
If you are unsure about the idea of divulging your brokerage account, you can choose to publish your trades, either verified or otherwise, through pictures. In Profit.ly is the huge selection of trading classes, the ability to view statistics on a person’s profile, and more ways to connect with your gurus through the chatroom along with notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in penny stock trading. According to Investopedia Penny stock is a small business’s stock that trades for less than $5 per share. Penny stock trading can be seen as a stepping stone for small-scale businesses to make the transition to a large marketplace as it gives them access to funds from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
Beginning in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as a trader. At 25 years old Sykes was given more exposure and a wider influence over time when he became part of the reality series “Wall Street Warriors.” He then used the opportunity to develop trading rooms as well as penny stock themes and educational material aimed at those who are new to the trading field. He also played a role in establishing Profit.ly as a place of transparency and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning resources, trade alerts, and other useful stuff offered by the company’s internal gurus. Gurus are referred to the trading experts who have proven to make significant amounts of profit through their years of expertise. D Ideas
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, however, only two gurus remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll observe him focus on fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS and Android devices; email, text and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 for a month this is the perfect plan for those who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in the previous plan, including swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading earnings. D Ideas
The Superman Alerts plan is his offering of essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access to the daily premarket stock watchlist as well as the mobile app, the daily market commentary in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base provided by Superman himself via the Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. In addition, you’ll also get an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave your mark on the field, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers that cater to traders of different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. As you sign to this plan you’ll be provided with a variety of powerful and indispensable trading tools, all of which is essential to keep your fingers on what call a competitive procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze your trades, sort as well as filter trades; and, lastly, view other’s stats.
The Novice plan is $29.95 per monthly payment. Although it might look appealing simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your personal information public. If you’re interested in gain an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package lets you to take advantage of the majority of features available in the novice plan. It is in this plan that you can set up an account that is private to share with fellow associates all your insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to develop their skills in trading. As nice as it seems, there is one significant feature that is missing. In contrast to the Novice package, this one won’t be able view the statistics of other traders, which might be a drawback for those who are eager to try this new tier. D Ideas
Pro Plan
The Pro plan is the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 each month and a 22% discount for billing annually, this tier has it all. You will have full, unrestricted access to all features from the two previous plans.
You’re not only able to see other users’ stats as well, you’re also offered the option of creating an individual profile. Both of these options, plus the other benefits that you can use to the fullest potential. If you’re in search of an option that gives you everything you need as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly offers a number of more services it has to provide. One of these is its online store, which lets users choose from a wide array of videos created to help you understand the ins and outs of trading. All of the products featured on this page of the site can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and other related to trading, videos and footage from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are included in Profit.ly’s variety of services and features. You’re probably familiar with chat rooms since you can find it throughout social and messaging platforms, in addition to a few special websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a hands-on space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members. One of them may be laid back and not very often active, while another may be more active and in touch with their students. Consider chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock traders, ranging from novices to experienced professionals. Given the wide range of options it has to offer, the platform surely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. They will also be provided with videos every week and chat room advice from its in-house gurus as well as their members. They’ll also be able choose from the items on its store online for them to take wherever they go. You can also get hands-on experience trading on the platform, however, they will soon learn that the process is a high stakes game that shouldn’t be treated as a joke.
For traders who have decades of experience in the line, we believe Profit.ly equally suitable to people who are just beginning. While the newbies may not be as proficient in managing trading but the experts already know how it works and the stack full of risks associated with it. It is ideal to utilize Profit.ly’s range of options to their maximum advantage to develop their trading abilities. As beginners, they are able to learn from the top experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the excitement! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others in order to guide them through the ever-illustrious trading process. D Ideas
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge, communication, and trading tools
- You’ll receive excellent training and advice from the company’s inside experts, as well as libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There is truly something for all
The Cons
- Profit.ly’s abundance of products and packages offered might be too much for a lot of its customers
- As traders may opt to post any kind of trade, there’s a possibility that some of them could profit from selecting the best trades in order to improve their ratings this could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds as the premium customers are expected to immediately take advantage of the numerous services the platform has to offer
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The Final Verdict is: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally intended to be created to achieve this goal. Instead, it is best to keep curiosity. D Ideas
What we are referring to by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they could find Profit.ly’s array of resources to be helpful in their efforts to incur lesser losses and be more successful than before. It’s not just the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely desire to be better at trading and wish to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ D Ideas
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes an entry section for trades in the My Trade category on the dashboard. It lets you post your trades, either verified or otherwise. There are three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades using the spaces provided and details
- Take a photo of your trades
How can I tell whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there’s the likelihood that it can be verified. This is indicated with the small blue check. If you submit it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthentic trade is the risk of getting downvotes from your colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just looking to earn maximum profits but also help each other learn and improve in acquiring opportunities in the stock market both right and left.
