Stock trading can be an exciting game with high stakes. On certain days, you may be reaping the benefits of positive and satisfactory numbers. On other days it could be the reverse and it can be very difficult to get back to where you were at your peak. If you’re constantly stuck in the gutter it is important be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve experienced occasional losses You’ll need reliable advice from tested and tried trading experts. Also, you’ll need an important boost from trading partners from all over the globe. That’s why we’ve identified a platform that can support you to improve your performance within the field. We’ll take an in-depth 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.
Overall Rating: 4.1/5 Johnstone 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 enables traders of all levels to be informative and accountable, as well as transparent and uplifting with each other through its broad range of features and tools such as chat rooms, trade verification and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for those who are starting out as well as a place for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Providing users with a wide variety of tools for communication and trade that help traders from all walks of life connect with one another. It gives the gurus an opportunity to invest in the right areas of the platform. Imagine it as an online social media platform similar to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades 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 valid and won’t accept fake news as long as is humanly possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been prior to.” The idea Sykes said served two objectives: one) keeping track of public data for everyone, not just the experts as well as newsletter authors and students and secondly) allowing everyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Johnstone Profitly
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders have access to a range of tools and services that are geared at achieving achievement. You can create an account on the site for free, but you’re only given access to the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real time, you will need to subscribe to any of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is easy: create a profile with your experiences and expertise, connect your brokerage account, and you have yourself an opportunity to make through high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a glimpse of the performance of the trading community and its experts. It’s not only a chance to show your worth to a community of traders. You can also use Profit.ly to shop from a guru with the confidence that you are confident of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging the details of your broker account you may opt to post your trades, verified or otherwise, through pictures. Included in Profit.ly is the huge selection of trading classes and the capability to see the stats of a trader’s account, and more ways to connect with your gurus through the chatroom as well as notifications via email or text 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 delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s shares that trade for under $5 for each share. The penny stock market can be seen as an avenue for small businesses to transition to a large marketplace as they can access capital from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal through his many years of experience.
Beginning in the latter years of high school, Tim Sykes has, since then, made over $6 million of profit through his lengthy career as trading professional. At 25 years old Sykes was given greater exposure and a larger influence over time as a participant in the reality series “Wall Street Warriors.” He took advantage of it to create trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of transparency and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have proven to make substantial profits from their combined years of knowledge. Johnstone Profitly
At its height, Profit.ly had housed up to five gurus, each of them a pro within their particular field within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 for a month you will see him focus on the basic stock catalysts and employ them to predict the next move that is possible when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS as well as Android devices, texts, emails and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 for a month this is the perfect plan for those who are more involved in the penny-stock market. Pennystocking Silver includes all the basic features of prior plans, such as swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading profits. Johnstone Profitly
The Superman Alerts plan is an offer of the most essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile application, daily market updates in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge that is provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. Additionally you’ll also gain access to premium research reports and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of tools to get you going. The platform offers three membership levels, each designed for traders with different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. When you sign up for this plan, you will be immediately offered a range of strong and indispensable trading tools, all of them integral in keeping your hands on what we could call a ruthless process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards; analyze your trades, sort as well as filter trades and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your actions public. If you do want to have access to this feature, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets users to benefit from a majority of features from the novice plan. In this plan, that you are able to create an individual profile that allows you to share with fellow associates all your insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to harness their skills in trading. As nice as it seems but there’s one important aspect that’s not included. Unlike the previous Novice package, you will not be able to view the statistics of other traders that could be a problem for those who are anticipating this level. Johnstone Profitly
Pro Plan
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. At $74.95 monthly, which includes an additional 22% discount for annual billing the Pro plan has it all. It gives you full, unlimited access to all the features of the prior plans.
Not only do you get to view other people’s stats, but you’re also given the option of creating your own private profile. Both of these features, in addition to the advantages you’ll be able to use to the maximum extent. If you’re in search of an account that will give you everything you need as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly has a few additional services that it can offer. One of them is the online store, which lets users choose from a wide array of video products that are designed to educate and guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of services and features. You’re probably familiar with the chat room since 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’s seen as a real-time place where gurus and their members trade and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members there. Some may be laid back and not very often engaged, while another could be more online and communicative in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, from beginners to experienced pros. Considering the number of offers it offers, the platform surely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room advice from its in-house gurus and their members. They’ll also be able choose from the items on its store online to carry with them wherever they may travel. You can also get hands-on experience trading on the platform, but eventually they’ll be able to realize that the process is a high-stakes game that shouldn’t be taken as a joke.
For traders who have years of exposure down the road, we consider Profit.ly equally suitable for them as it is for those who are just starting. While novice traders may 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. Ideally, they may make use of Profit.ly’s range of features to their full advantage to improve their trading abilities. Like novices, they can learn from the top experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Verified experts can also join in the excitement! Those in the trading industry who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to help guide them through the ever-illustrious trading process. Johnstone Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You will receive excellent training and tips from the inside experts, as well as collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet 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’s something for every person
The Cons
- Profit.ly’s numerous packages and products offered may seem overwhelming for most 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 could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds because the premium customers are expected to instantly benefit from the many services that the platform can provide
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with the answer, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform was not always intended to be created for this reason. Instead, you should have an open mind. Johnstone Profitly
What we mean”yes” is it is a fantastic learning tool. Those who may be stuck may be able to find Profit.ly’s variety of resources useful as they do their best to incur lesser losses and be more successful than they did before. It’s not only the poor traders that can benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be better at trading and wish to learn from your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Johnstone Profitly
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries within the “My Trade’ category of the dashboard. It lets you post your trades, verifiable or not. There are three choices:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
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 indicated with the small blue check. If you submit the information manually or via images, it will be classified as unverified.
The disadvantage of an unverified trade is the chance of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities in the stock market left and right.
