Stock trading is an exciting game with high stakes. Some days, you may enjoy the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen and it could be very difficult to return to the point you were at your peak. If you are always in the mud it is important to realize that relying on pure instinct and preservation is not always enough.
If you’ve experienced occasional losses You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the world, which is why we’ve discovered an option that can help you to improve your performance within the field. We’ll take 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 Gogo Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informed responsible, transparent, and to build relationships with one another through its wide array of tools and features like chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for traders who are starting out and also as a platform for experienced traders to track their performance with the help of cutting-edge analytics tools. Offering users a broad range of resources for communication and trade and letting traders from every field of business connect with one another. It offers gurus with worthy investments within the boundaries that the site. Consider it the social media equivalent to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been prior to.” The concept was, he said, serving two goals: 1.) keeping track of public data for everyone, not just the experts as well as students and newsletter writers as well as) allowing everyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Gogo Profitly
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of services and features geared at achieving the success of their business. It is possible to create an account there at no cost, however you’re only given access to the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s offers, which we will discuss in the near future.
Making an account simple: Create a profile with your experiences and skills, join to your brokerage account and you’ll be given an opportunity to make your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users an insight into their performance as a trading group and its gurus. It’s not only a chance to prove that you’re worthy to the community of traders, but you are also able to use Profit.ly to purchase with a professional with the confidence that you are confident of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can decide to share your trades, either verified or not, via screenshots. Included in Profit.ly are a variety of courses in trading as well as the ability to look at statistics on a person’s profile as well as other ways to interact with your experts in the chatroom, as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. The penny stock market is an avenue for small companies to move into a larger market because it allows them to access funds from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million earnings through his lengthy career as trading professional. At 25 years old, he had been given more exposure and a wider impact as a participant in the reality series “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a platform for transparency and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have made significant amounts of profit from their collective years of knowledge. Gogo Profitly
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their niche in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll observe him focus on fundamental stock catalysts and use them to anticipate the next moves that could occur when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS as well as Android devices, texts, emails, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. At $149.95 for a month it is the perfect plan for those who are invested in the penny-stock market. Pennystocking Silver offers all the essential features of prior plans, which includes swing trading alerts and unlimited access to a library of over 7,000 educational videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Gogo Profitly
The Superman Alerts plan is an package of vital features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile application, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge that is provided by Superman himself through the Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. In addition you’ll also have the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership levels, each designed for traders of different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. When you sign to this plan you’ll be offered a range of strong and indispensable trading tools, each of them integral in keeping your fingers on what call a competitive process in and of itself.
The list of features you can do using Profit.ly’s Novice package is the capability to check the results of your trades and track profit and follow-up, leading and even texting your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re looking to gain the benefit of this service, keep an eye on us as we present to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows you to take advantage of many of the features of the novice plan. This plan allows that you are able to create an account that is private for sharing with fellow associate users all the insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to develop their trading skills. Although it’s a nice thing, there is one significant feature that is missing. In contrast to the Novice package, this one won’t be able to see other traders’ stats that could be a problem for those who are anticipating this level. Gogo Profitly
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly offers to experienced traders. With $74.95 monthly, which includes an additional 22% discount for billing annually, this tier has it all. It gives you full, unlimited access to all the features of the prior plans.
You’re not only able to view other people’s stats and data, but you also have the chance to create a private profile. Both of these options, on top of all the benefits that you can use to the fullest potential. If you’re in search of an option that gives you with everything you require as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly offers a number of more services it has to offer. One of these is its online store, which lets users pick from a range of videos created to guide you through the nuances and pitfalls of trading. The products listed on this page of the site can be purchased immediately for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other things trading-related, clips and scenes taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s range of services and features. You are probably familiar with the concept of the chat room since you can see it across social and messaging platforms as well as some specialty websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and learn in real time. Every guru has their own style in operating their chat room and dealing with the listed members. Some may be laid back and less engaged, while another could be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock trader types, from beginners to experienced pros. Given the wide range of options it has to offer this platform definitely has something for all.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. Not only will they get daily videos and chat room advice from the in-house experts and their members. They’ll also be able select from the products on its store online to carry with them wherever they go. They can also gain hands-on experiences by trading through the platform, however, they will soon learn that the process is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suitable for them as it is for people who are just beginning. While the newbies may not be as well-equipped with dealing with trading issues, the pros already understand how it works and the risky mix that come with it. Ideally, they may utilize Profit.ly’s array of features to their best advantage to enhance their trading skills. As beginners, they are able to learn from the top experts and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the excitement! People in the trade industry who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others in order to guide them through the ever-illustrious trading process. Gogo Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders across the globe with a wealth of education tools, communication, and trading tools
- You will be provided with excellent lessons and insights from its internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s bountiful stream of products and packages offered might not be enough for the majority of its customers
- If traders decide to make any type of trade, there is a possibility that some of them could profit from selecting the best trades in order to improve their ratings – this may be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds as the premium customers are expected to instantly benefit from the many services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. It wasn’t meant to be designed for this reason. Instead, it is best to keep curiosity. Gogo Profitly
What we are referring to”yes” is it could be a useful learning tool. People who are stuck might find Profit.ly’s array of resources to be helpful when they try 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!
So, if you genuinely desire to be more successful in trading and would like to learn from your mentors and peers throughout the process, then look no further – Profit.ly may be a great choice to start.
FAQ Gogo Profitly
How do you use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries within the ‘My Trade’ category of the dashboard that lets you record your trades that are verified or not. There are three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
How do I know whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is shown by the small blue check. If you submit it in a manual way or by taking images, it will be assigned as unverified.
The downside of having an unauthentic trade is the possibility of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many are using 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 help each other develop and grow in their ability to take advantage of stock market opportunities left and right.
