Stock trading is an exciting game with high stakes. On certain days, you may be reaping the benefits of positive and satisfying numbers. However, on other days you may experience the opposite and it can be extremely difficult to return to the point you were at your best. If you find yourself always in the mud it is important to recognize that relying on instinct and survival might not be enough.
If you’ve experienced occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe. That’s why we’ve found a platform that can support you in your growth within the field. In this review, we’ll be taking an in-depth 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 How To Create A Profitly Account
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of various levels to be informed, transparent, accountable, and uplifting with each other by offering a wide range of features and tools including trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for those who are starting out as well as a place for traders who are experienced to monitor their performance with the help of advanced analytics tools. Providing users with a wide range of resources to facilitate trade and communication and letting traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas of the platform. Think of it as the social media equivalent the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it makes sure that transactions are legitimate and will not allow for fraud as much as it is 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 publication, Sykes stated that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never prior to.” The idea Sykes said served two objectives: one) keeping track of public data for not just the gurus and newsletter writers and students and secondly) making it possible for everyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. How To Create A Profitly Account
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of tools and services that are geared toward success. It is possible to create an account there at no cost, however you’re only limited to having the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s deals, which we will review in the coming days.
The process of opening an account is 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 feature, as mentioned previously it is designed to provide its users a glimpse of the performance of the trading community as well as its experts. It’s not just a way to prove value to a group of traders, but you are also able to use Profit.ly to purchase with a professional with the assurance that you’re comfortable of their knowledge and the veracity of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, then you could decide to share your trades, whether verified or otherwise, through pictures. 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, and more ways to interact with your experts via chatrooms in addition to 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 trader who is well-known for his efforts in the penny-stock market. According to Investopedia Penny stock is a small business’s stock which trades at just less than 5 cents per share. The trading of penny stocks can be seen as an opportunity for small companies to move to a market that is larger as they can access capital from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes is sure to reveal through his many years of experience.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as trader. At the age of 25 Tim Sykes had received greater exposure and a larger influence over time when he became part of the reality TV show “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 trading. He also helped establish Profit.ly as a place of openness, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning sources, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have made substantial profits through their years of expertise. How To Create A Profitly Account
At its height, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise within the world of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on this platform: Founder and 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 what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next moves that could occur when making trades.
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, texts, emails and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. At $149.95 for a month this is a great option for investors who are involved in penny stock trading. Pennystocking Silver offers all the essential features of earlier plans which includes swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both 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 trading profits. How To Create A Profitly Account
The Superman Alerts plan is his package of vital features and trading alerts targeted to those interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist along with the mobile application, daily market commentary in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base provided by Superman himself, via his Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. In addition you’ll also have access to premium research reports as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave a mark in the field, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers, each designed for traders with different levels. Let’s break down what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. When you sign up for this package, you will be immediately offered a range of strong and vital trading tools, each of them integral in keeping your hands on what we could call a ruthless process by itself.
Among the list of things you can do with Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading and even chatting with your fellow traders, as well as giving feedback on the trades of today. It also allows you to be onto leaderboards; study, sort, and filter your trades; and, finally, see other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive just by the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your actions public. If you do want to gain an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader package lets 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 associates all your insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to harness their trading skills. Although it’s a nice thing but there’s one important feature that is missing. As opposed to the prior Novice package, you will not be able to see other traders’ stats, which could be a disadvantage for those who are eager to try this new tier. How To Create A Profitly Account
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. With $74.95 each month with 22% off when billed annually, this tier has everything. You get full, no-holds-barred access to all features from the two previous plans.
Not only do you get to see other users’ stats, but you’re also given the opportunity to create an individual profile. These two features are on top of all the advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly provides a variety of more services it has to offer. One of those is its online store, which allows users to select from a variety of instructional videos that are designed to inform and help you understand the ins and outs of trading. All of the products featured on this page of the website is available to be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other related to trading, videos and clips of events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s range of features and services. You are probably familiar with chat rooms since you can see it across social and messaging platforms, in addition to a few special websites that provide live chat support. But on Profit.ly it’s seen as a hands-on place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the listed members there. One might be more laid back and rarely active, while another may be more active and in touch to their pupils. Think of the chat rooms like 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 a large variety of stock traders, ranging from novices to experienced professionals. With the variety of deals it has to offer it is certain to have something for every person.
For instance, newbies will appreciate Profit.ly’s knowledge-based information available on the platform. In addition, they will be provided with videos every week and chat room advice from the in-house experts and members. They’ll also be able select from the products from its online store that they can take with them wherever they be. They can also gain hands-on experience trading on the platform, however they’ll realize that trading is a high stakes game that shouldn’t be taken as a joke.
For traders who have decades of experience in the road, we consider Profit.ly as equally as suitable for them as it is for those who are just starting. While novice traders may not be as proficient in managing trading however, experienced traders know how it works along with the risky mix that come with it. In the ideal scenario, they can use Profit.ly’s array of options to their maximum advantage to enhance their skills in trading. Like novices, they can learn from the top experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the excitement! Trade professionals who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others in order to assist them in the ever-changing trading process. How To Create A Profitly Account
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You’ll be taught by experts and insights from its internal experts, which include libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for the majority of its customers
- Since traders can choose to make any type of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to boost their rating – this may be a concern that should not be ignored.
- Profit.ly does not accept refunds as its premium users are expected to instantly benefit from the number of services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it’s a ‘yes’. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally intended to be created for this reason. Instead, it is best to keep an open mind. How To Create A Profitly Account
What we are referring to by ‘yes’ is that it can be a great learning tool. For those who are struggling, they could be able to find Profit.ly’s range of resources useful in their efforts to incur lesser losses and perform better than before. Not only struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you truly want to become a better trader and want to learn from your fellows and gurus along the way, then look no further – Profit.ly is a fantastic option to begin.
FAQ How To Create A Profitly Account
How do you use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries in the “My Trade section of the dashboard which lets you record your trades that are verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your transactions
How can I tell whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there is the probability that it’s verifiable. This is shown by the blue check mark. If you upload it manually or through images, it will be classified as unverified.
The downside of having an unverified trade is the possibility of receiving negative feedback from fellow peers. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are seeking to make the most profit but also help each other learn and improve in acquiring opportunities on the stock market both right and left.