Stock trading can be an exciting game with high stakes. Some days, you may be reaping the benefits of positive and satisfying numbers. However, on other days it could be the reverse and it could be extremely difficult to return to where you were at your best. If you are immersed in the water it is important be aware that relying solely on instinct and survival may not always be enough.
If you’ve been incurring occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your fellow traders from around the globe. That’s why we’ve found an option that can help you to improve your performance in the industry. This review will take an in-depth look at Profit.ly is a well-known 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.
Overall Rating: 4.1/5 How Do You Post A Trade On Profitly
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be knowledgeable, transparent, accountable, and uplifting with each other through its broad variety of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for people 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. Offering users a broad range of resources to facilitate trade and communication, it helps traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Think of it as a social media site akin to Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes declared that Profit.ly was based “on showing all trades, something that has never been done before.” The concept Sykes said served two goals: 1.) creating public track records for all traders, not just the gurus as well as newsletter writers and students and secondly) giving all users to be enlightened by both losses and wins to benefit the industry of trading. How Do You Post A Trade On Profitly
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of tools and services that are geared at achieving success. You may set up an account at no cost, however you’re only limited to having access to the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s offerings, which we will discuss in the near future.
Making an account easy: create an account with your experience and expertise, connect your brokerage account, and you have yourself the chance to climb through high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a look at the performance of the trading community and its gurus. It’s not only a chance to show value to a community of traders. You can also utilize Profit.ly to purchase from a guru with the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you may opt to post your trades, verified or not, via photographs. In Profit.ly are a variety of trading classes and the capability to see statistics on a person’s profile and other methods to interact with your experts through the chatroom as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for less than $5 per share. Penny stock trading could be viewed as an opportunity for small companies to move into a larger market because it allows them to access money from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as trader. At the age of 25, he had been given more exposure and a wider reach of influence when he became part of the reality series “Wall Street Warriors.” He then made use of the show to create trading rooms and penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped establish Profit.ly as a platform for openness, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. These gurus refer to the trading experts who have earned substantial amounts of money from their collective years of knowledge. How Do You Post A Trade On Profitly
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on the 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 provides an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll see him focus on the basic stock catalysts and employ them to forecast the next possible moves in trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS as well as Android devices, text, e-mail and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 per month, this is a great option for those who are more committed to penny stock trading. Pennystocking Silver offers all the essential features that were included in prior plans, which includes swing trading alerts and unlimited access to a library of over 7,000 educational videos, with new ones released each 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 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 trading profits. How Do You Post A Trade On Profitly
The Superman Alerts plan is his offering of essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access daily premarket stock watchlist as well as the mobile application, daily market commentary in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base that is provided by Superman himself via the Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. On top of that, you’ll also get an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s look at what the three are and how much they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. When you sign up for this plan you’ll be given a slew of robust and indispensable trading tools, all of which is essential to keep your fingers on what call a competitive process in and of itself.
The list of features you can do with Profit.ly’s Novice package is the ability to verify trades and track profits and follow-up, leading, and even messaging your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze your trades, sort and filter your trades and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per month. Although it looks attractive just by the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your actions public. If you do want to gain the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader plan allows you to use a majority of features from the Novice plan. This plan allows that you can create a private profile for sharing with fellow associate users all the insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to develop their skills in trading. While it’s nice but there’s one important element that’s missing. As opposed to the prior Novice package, you will not be able to view other traders’ stats this could be a problem for some who may be eager to try this new tier. How Do You Post A Trade On Profitly
This is by far the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 each month with an additional 22% discount for annual billing, this tier has everything. You get full, no-holds-barred access to all the features of the previous plans combined.
You’re not only able to view other people’s stats as well, you’re also offered the option of creating your own private profile. Both of these features, plus the other advantages that you can utilize to the fullest potential. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly offers a number of additional services that it can provide. One of those is its online store, which allows users to pick from a range of instructional videos that are designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. Some of these include bestsellers like the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and other aspects of trading. There are also clips and clips from The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of services and features. You may be familiar with the chat room as you will see it on social and messaging platforms as well as some specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a hands-on space where experts and their member traders can communicate and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members there. One of them may be more laid back and rarely active, while another may be more active and in touch to their pupils. Consider chat rooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock traders, ranging from novices to the most experienced. With the variety of deals it has to offer, the platform surely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s library of learning information available on the platform. Not only will they be enriched with weekly videos and chat room tips from the in-house experts and their members. They’ll also be able to pick from the merchandise available from its online store to carry with them wherever they may go. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll realize that trading is a risky game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suitable for them as it is for those who are just starting. Although the novices might not be as adept at handling trading matters but the experts already know how it works and the plethora of risks that come with it. In the ideal scenario, they can use Profit.ly’s variety of options to their maximum advantage to develop their trading abilities. Like novices, they can learn from the top experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to help guide them through the ever-illustrious trading process. How Do You Post A Trade On Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You get to receive excellent training and tips from the inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There is truly something for all
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for a lot of its users
- If traders decide to open any kind of trade, there is an opportunity that some them could profit from picking the most profitable trades to improve their ratings – this may be a concern that should not be ignored.
- Profit.ly does not offer refunds as its premium users are expected to immediately benefit from the number of services that the platform can provide
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The Final Verdict: Is Profit.ly worth it?
If we were able to come up with the answer, it’s an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t meant to be designed to achieve this goal. Instead, it is best to keep the ability to think with an open heart. How Do You Post A Trade On Profitly
What we mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck might be able to find Profit.ly’s array of resources to be helpful in their efforts to avoid loss and perform better than they did before. It’s not only the poor traders that can profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly want to become better at trading and wish to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ How Do You Post A Trade On Profitly
How do you use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries in the ‘My Trade section of the dashboard that lets you post your trades, verifiable or otherwise. You may choose between three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there’s a high chance that it is verifiable. This is shown by the blue check mark. If you submit it manually or through images, it will be classified as unverified.
The disadvantage of an unverified trade is the possibility of getting downvotes from your colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities on the stock market both right and left.