Stock trading is an exciting game with high stakes. On some days, you could be reaping the benefits of positive and satisfying numbers. On other days you may experience the opposite and it could be very difficult to return to where you were at your best. If you find yourself always in the mud, you will have to recognize that relying on instinct and survival might not be enough.
If you’ve experienced occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe. That’s why we’ve found an option that can help you in your growth in the industry. This review will be taking a look at Profit.ly is a well-known one-stop 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Investors Live 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 allows traders of all levels to be informative responsible, transparent, and uplifting with each other by offering a wide range of features and tools like trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for traders new to trading as well as a place for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. It provides users with a vast range of resources for trade and communication that help traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries that the site. Consider it the social media equivalent the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are valid and won’t allow for fraud as much as it is possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that has never been prior to.” The concept Sykes said served two purposes: 1) keeping track of public data for not just the gurus as well as students and newsletter writers, and 2) making it possible for everyone on the platform to learn from both losses and wins to benefit the industry of trading. Investors Live Profitly
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of services and features geared towards achieving success. It is possible to create an account for free, but you’re limited to the capability to browse the leaderboard and observe the activities of people who aren’t 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 offerings, which we will review in the coming days.
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 your way to high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a glimpse of their performance as a trading group and its gurus. It’s not just a way to demonstrate your worth to a large group of traders, but you are also able to use Profit.ly to purchase from a guru with the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging the details of your broker account then you could opt to post your trades, either verified or not, by taking pictures. Also included in Profit.ly are the vast number of courses in trading as well as the ability to look at the stats of a trader’s account, and more ways to connect with your gurus via chatrooms along with 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 trader who has been famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at less than $5 per share. The penny stock market could be viewed as an opportunity for small-scale businesses to make the transition into a larger market because it allows them to access capital from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of experience.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as a trader. At 25 years old Sykes was given greater exposure and an even wider impact as a participant in the reality show “Wall Street Warriors.” He then made use of the show to create trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped establish Profit.ly as a place for transparency and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. These gurus refer to the trading experts who have earned substantial amounts of money through their years of expertise. Investors Live Profitly
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll observe him focus on fundamental catalysts for stocks and utilize them to predict the next moves that could occur when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS and Android devices, as well as email, text 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 package. At $149.95 for a month it is a great option for those who are invested in penny stock trading. Pennystocking Silver comes with all the standard features of earlier plans which includes swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading profits. Investors Live Profitly
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get access daily premarket stock watchlist along with the mobile app, the daily market commentary in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base provided by Superman himself, via his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. Additionally you’ll also gain the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the online trading community and make a mark on the market, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. When you sign up for this package you’ll be provided with a variety of powerful and vital trading tools, each one of them essential in keeping your hands on what we could call a ruthless procedure in its own.
The list of features you can do with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, as well as filter trades and, lastly, view other’s stats.
The Novice plan will cost $29.95 per month. While it may look attractive for the price alone, there is a downside. You aren’t able to create a personal profile, thus making your actions public. If you’re looking 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
The Trader package allows you to use many of the features of the novice plan. It is in this plan that you are able to create a private profile to share with other associate users all your knowledge and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to develop their skills in trading. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, you won’t be able to view other traders’ statistics this could be a disadvantage for those looking forward to this tier. Investors Live Profitly
Pro Plan
This is by far the most luxurious package Profit.ly offers to experienced traders. At $74.95 monthly, which includes 22% off for annual billing, this tier has it all. You get full, no-holds-barred access to all features from the two previous plans.
You’re not only able to view other people’s stats and data, but you also have the opportunity to create a private profile. Both of these features, in addition to the advantages you’ll be able to use to the maximum extent. If you’re looking for an account that will give all the features you need to be a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly has a few additional services that it can provide. One of those is its online store, which lets users pick from a range of videos that are designed to educate and help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and all other aspects of trading. There are also clips and footage taken from 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 variety of services and features. You’re probably familiar with the chat room as 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 real-time area where experts and members trade and learn in real time. Every guru has their own style in running their chat rooms and dealing with the members there. Some may be laid back and rarely active, while another may be more online and communicative with their students. Think of the chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, ranging from novices to experienced professionals. Given the wide range of options it offers, the platform surely has something for everyone.
For instance, newbies will appreciate Profit.ly’s library of learning materials available across the platform. They will also get daily 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 may travel. You can also get hands-on experiences by trading through the platform, however, they will soon learn 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 road, we consider Profit.ly equally suited to them as people who are just beginning. While the newbies may not be as well-equipped with managing trading but the experts already know how it works along with the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s array of features to their best advantage to enhance their trading skills. As beginners, they are able to study from the gurus as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the excitement! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to guide them through the ever-illustrious trading process. Investors Live Profitly
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You will receive excellent training and advice from the company’s inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics and 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 reputation as a reliable and authentic trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through images
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There is truly something for all
The Cons
- Profit.ly’s abundance of products and packages offered might not be enough for most of its customers
- If traders decide to make any type of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to boost their rating this could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds as its premium users are expected to immediately benefit from the many services the platform has to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could come up with an answer to this question, it’s yes. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always designed to be used to achieve this goal. Instead, you need to have curiosity. Investors Live Profitly
What we are referring to by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they might find Profit.ly’s range of resources useful in their efforts to avoid losses and be more successful than they did before. Not only poor traders that can benefit from the platform. It can accommodate beginners and even experts!
If you truly want to become better at trading and wish to be taught by your mentors and peers along the way, then look no further – Profit.ly could be a good option to begin.
FAQ Investors Live Profitly
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion in the My Trade’ category of the dashboard. It lets you record your trades, either verified or otherwise. There are three options:
- Connecting your account to 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 trades
How do I know whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s an excellent likelihood that it can be verified. This is indicated with the blue check mark. If you submit the information manually or via images, it will be assigned as unverified.
The downside of having an unauthentic trade is the possibility of receiving downvotes from colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just seeking to make the most profit but also to help one another learn and improve in acquiring stock market opportunities left and right.
