Stock trading is an extremely risky game. Some days, you might have the benefit of positive and satisfactory numbers. On other days, however it could be the reverse and it could be extremely difficult to return to where you were at your most productive. If you’re immersed in the water it is important to realize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced losses from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the world, which is why we’ve found an option that can help you in your improvement within the field. We’ll be taking a look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 Dulio Profitly
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of all levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other through its broad array of tools and features including trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for traders new to trading and as a hub for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources for trade and communication that help traders from all walks of life connect with one another. It gives the gurus worthy investments within the boundaries that the site. Consider it an online social media platform similar to Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are authentic and won’t accept fake news as long as is humanly possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes stated that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been previously done.” This idea, he added, served two purposes: 1) keeping track of public data for all traders, not just the gurus and newsletter authors and students as well as) allowing anyone on the platform to learn from both losses and wins to the benefit of the trading industry. Dulio Profitly
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of services and features geared at achieving achievement. You may set up an account for free, but you’re limited to access to the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real time, you will need to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
Making an account easy: create an account with your experience and expertise, connect to your brokerage account, and you’ll have the chance to climb through at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a look at how the community of traders performs as well as its experts. It’s not just a way to prove that you’re worthy to the group of traders. You can also use Profit.ly to shop with a guru, and have the assurance that you’re confident with their expertise and the credibility of their assertions.
If you’re not comfortable with the concept of leaking the details of your broker account you can choose to publish your trades, either verified or not, by taking screenshots. In Profit.ly are the vast number of trading courses as well as the ability to look at stats in a trader’s profile, and more ways to connect with your gurus in the chatroom, as well as email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock that trades for just less than 5 cents per share. The trading of penny stocks is an opportunity for small-scale businesses to make the transition to a large marketplace as it allows them to access capital from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal thanks to his years of expertise.
Beginning in his late years in the high schools, Tim Sykes has, since then, made over $6 million of profits during his long and successful career as trading professional. At the age of 25 Sykes was given more exposure and a wider influence over time when he was a part of the reality show “Wall Street Warriors.” He made use of the show to develop trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about trading. 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 through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the trading experts who have made substantial amounts of money from their combined years of expertise. Dulio Profitly
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll observe him focus on basic stock catalysts and employ them to anticipate the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS as well as Android devices, as well as text, e-mail and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 for a month it is a great option for those who are involved in penny stock trading. Pennystocking Silver includes all the basic features that were included in the previous plan, including swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos, with new ones released every week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Dulio Profitly
The Superman Alerts package is his offering of essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile application, daily market commentary in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge of information provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. Additionally you’ll also have the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to get you up and running. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s take a look at what these three tiers are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. When you sign up for this package, you will be immediately provided with a variety of powerful and indispensable trading tools, each of which is essential to keep your fingers on what we could call a ruthless procedure in its own.
Some of the features you can do with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit as well as leading, following and even texting your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze your trades, sort or filter the trades you make; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. Although it might look appealing simply because of the price but there’s a disadvantage. You can’t create a private account, making your personal information public. If you do want to get the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows users to benefit from a majority of features from the novice plan. In this plan, that you can set up an individual profile that allows you to share with fellow associates all your insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to harness their expertise in trading. While it’s nice however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you will not be able to view other traders’ stats that could be a problem for those who are anticipating this level. Dulio Profitly
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. With $74.95 each month and an additional 22% discount when billed annually the Pro plan has it all. It gives you full, unlimited access to all options of the previous plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the chance to create your own private profile. Both of these features, in addition to the advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives you everything you need as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly offers a number of additional services that it can provide. One of these is its online store, where customers can choose from a wide array of instructional videos that are that are designed to educate and help you understand the ins and outs of trading. Each of the offerings listed on this page of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and clips taken from the Annual Pennystocking Conference, and products from other expert traders.
The chat rooms that are integrated are included in Profit.ly’s range of features and services. You may be familiar with chat rooms since you can find it throughout messaging and social platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a place where gurus and their member traders can communicate and learn in real time. Every guru has their own way in running their chat rooms and in dealing with the members there. One of them may be a laid-back person who is rarely active, while another might be more active and in touch in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock trader types, from novices to the most experienced. Given the wide range of options it offers it is certain to have something for every person.
Beginners, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus and members. Additionally, they can choose from the items from its online store to carry with them wherever they travel. Additionally, they can gain practical experiences by trading through the platform, but eventually, they will soon learn that trading is a risky game that shouldn’t be taken as a joke.
For traders who have years of exposure down the line, we believe Profit.ly equally suitable to the newcomers. While novice traders may not be as adept at dealing with trading issues however, experienced traders know how it works and the stack full of risks that come with it. It is ideal to utilize Profit.ly’s range of options to their maximum advantage to improve their skills in trading. Like novices, they can study from the gurus and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature 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 at the same level as Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to help navigate them through the ever-changing trading process. Dulio Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You’ll be taught by experts and advice from the company’s in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through photographs
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There’s something for every person
- Profit.ly’s numerous packages and services offered could seem overwhelming for a lot of its customers
- Since traders can choose to make any type of trade, there is an opportunity that some them may take advantage by selecting the best trades in order to boost their rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because the premium customers will immediately take advantage of the numerous features the platform is able to provide
The Final Verdict: Is Profit.ly Worth It?
If we could think of an answer to this question, it’s a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally intended to be created in this way. Instead, you should have the ability to think with an open heart. Dulio Profitly
What we mean”yes” is it can be a great learning tool. People who are stuck might discover Profit.ly’s range of resources useful as they do their best to reduce loss and perform better than they did before. Not only struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
If you really care about being a better trader and want to be taught by your mentors and peers throughout the process, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Dulio Profitly
How do you use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion within the “My Trade section of the dashboard which allows you to post your trades that are verified or otherwise. There are three options:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades using specified spaces and information.
- Take a photo of your transactions
How do I know if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there is a high chance that it is verifiable. This is evident by the small blue check. If you post it in a manual way or by taking pictures, it will be assigned as unverified.
The drawback of posting an unverified trade is the risk of getting downvotes from your colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities on the stock market both right and left.