Stock trading is a high-stakes game. Some days, you could be reaping the benefits of pleasing and positive numbers. On other days you may experience the opposite, and it may sometimes be very difficult to get back to the point you were at your best. If you’re constantly stuck in the gutter You will need to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced losses from time to time You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe. That’s why we’ve identified a platform that can support you to improve your performance within the field. This review will take an in-depth look at Profit.ly, a well-recognized all-in-one social platform for trading!
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 Derrickjl Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of various levels to be informed, transparent, accountable, and uplifting with each other by offering a wide array of tools and features like trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for traders who are starting out and as a hub for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. It provides users with a vast array of options for communication and trade and letting traders from all walks of life network with one another. It also allows gurus to make an opportunity to invest in the right areas of the platform. Imagine it as an online social media platform similar to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are valid and won’t allow for fraud as much as is humanly possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never previously done.” The concept was, he said, serving two goals: 1.) creating public track records for everyone, not just the experts as well as newsletter authors and students as well as) allowing all users to learn from both losses and wins to the benefit of the trading industry. Derrickjl Profitly
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of tools and services that are geared at achieving success. It is possible to create an account on the site for free, but you’re only given the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money and see what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s offerings, which we will review in the coming days.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you’ll be given a chance to shoot your way up to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a look at their performance as a trading group and its experts. It’s not just a way to show value to a community of traders, as you can also use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, then you could decide to share your trades, either verified or not, by taking pictures. Included in Profit.ly are a variety of trading classes and the capability to see stats in a trader’s profile and other methods to interact with your experts through the chatroom in addition to email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his efforts in penny stock trading. According to Investopedia Penny stock is a small business’s shares that trade for under $5 for each share. Penny stock trading could be viewed as an opportunity for small-scale businesses to make the transition into a larger market because it allows them to access money from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal through his many years of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of earnings through his lengthy career as 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 used the opportunity to establish trading rooms, penny stock themes, and educational content geared toward people who are brand new to trading. He also helped establish Profit.ly as a platform for openness, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational resources, trade alerts, and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have earned substantial profits through their years of experience. Derrickjl Profitly
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their niche within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you will observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS and Android devices, text, e-mail and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 monthly, it is a great option for investors who are invested in the penny-stock market. Pennystocking Silver includes all the basic features of prior plans, which includes alerts for swing trading and access to an extensive library of more than 7,000 instructional videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Derrickjl Profitly
The Superman Alerts package is his offering of essential features and trading alerts geared to those interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist as well as the mobile app, daily market commentary in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. On top of that you’ll also gain an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership levels, each designed for traders at different levels. Let’s take a look at what these three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. As you sign to this plan, you will be immediately given a slew of robust and indispensable trading tools, all of them integral in keeping your fingers on what can describe as a cutthroat procedure in its own.
Among the list of things you can do with Profit.ly’s Novice package is the capability to check the results of your trades and track profit; leading, following and even chatting with your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study the results of your analysis, sort, or filter the trades you make and lastly, look at other’s stats.
The Novice plan is $29.95 per month. Although it might look appealing simply because of the price, there is a downside. You aren’t able to create a personal account, making your activities publicly available. If you’re interested in get an account with this option, keep an eye on us as we present to you Profit.ly’s new plan.
Trader Plan
The Trader package allows users to benefit from many of the features of the Novice plan. It is in this plan that you can set up an account that is private for sharing with fellow associate users all the insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to harness their skills in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you will not be able view other traders’ statistics, which could be a disadvantage for those looking forward to this tier. Derrickjl Profitly
Pro Plan
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. With $74.95 monthly, with a 22% discount when billed annually the Pro plan has everything. It gives you full, unlimited access to all the features of the previous plans.
You’re not only able to view other people’s stats, but you’re also given the opportunity to create your own private profile. These two features are on top of all the advantages that you can utilize to the maximum extent. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly provides a variety of additional services that it can provide. One of those is its online store, where customers can pick from a range of video products designed to inform and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the website can be purchased immediately for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, as well as all things trading-related, clips and clips from the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of features and services. You’re probably familiar with chat rooms since you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat support. However, in Profit.ly it’s seen as a area where experts and member traders can communicate and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the listed members there. One of them may be more laid back and rarely engaged, while another could be more online and communicative in their interactions with students. Think of the chat rooms like Profit.ly’s version of a forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, ranging from novices to experienced professionals. Given the wide range of options it can provide, the platform surely has something for all.
For instance, newbies will enjoy Profit.ly’s library of learning content offered throughout the platform. In addition, they will be provided with videos every week and chat room tips by its internal gurus and their members. Additionally, they can choose from the items in its online store that they can take with them wherever they may be. You can also get hands-on experiences from trading within the platform, however they’ll realize that this is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have decades of experience in the line, we believe Profit.ly as equally as suitable to them as those who are just starting. Although the novices might not be as well-equipped with handling trading matters but the experts already know how it works along with the stack full of risks that it carries. It is ideal to use Profit.ly’s variety of options to their maximum advantage to enhance their skills in trading. As beginners, they are able to learn from the top experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the fun! Trade professionals who are on similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders in order to assist them in the ever-changing trading process. Derrickjl Profitly
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning, communication, and trading tools
- You’ll receive excellent training and insights from its internal experts, which include libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for most of its users
- Since traders can choose to make any type of trade, there is an opportunity that some them will profit by picking the most profitable trades to improve their ratings this could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds because its premium users are expected to immediately take advantage of the numerous features the platform is able to provide
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The Final Verdict is: Is Profit.ly worth it?
If we could come up with the answer, it would be a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t intended to be created in this way. Instead, you should have the ability to think with an open heart. Derrickjl Profitly
What we mean”yes” is it is a fantastic learning tool. Those who may be stuck may discover Profit.ly’s range of resources useful as they do their best to avoid losses and be more successful than before. It’s not just the struggling traders that will benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become a better trader and want to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Derrickjl Profitly
How do you use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades within the “My Trade category on the dashboard which allows you to post your trades, either verified or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your trades
How do I know whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is evident by the small blue check. If you post the information manually or via pictures, it will be classified as unverified.
The downside of having an unverified trade is the possibility of receiving downvotes from fellow peers. Too many downvotes may result in you appearing on the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.
