Stock trading is an extremely risky game. On certain days, you could enjoy the benefits of positive and satisfying numbers. On other days, however it could be the reverse and it can be extremely difficult to return to where you were your most productive. If you’re constantly stuck in the gutter You will need be aware that relying solely on instinct and survival might not be enough.
If you’ve suffered occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe, which is why we’ve found a platform that can support you in your improvement within the field. We’ll be taking an in-depth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Login Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of various levels to be informative, transparent, accountable, and to build relationships with each other by offering a wide array of tools and features including trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for traders 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. Offering users a broad range of resources for trade and communication that help traders from all walks of life connect with one another. It gives the gurus worthwhile investments within the confines that the site. Think of it as the social media equivalent the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The trading platform is built on transparency and honesty: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing every trade, something that was never previously done.” This idea Sykes said served two purposes: 1) keeping track of public data for not just the gurus as well as newsletter authors and students and secondly) making it possible for everyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Login Profitly
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of services and features geared at achieving success. You can create an account there at no cost, however you’re limited to access to the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time You’ll need to sign up to one of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is easy: create an account that includes your personal information and skills, join to your brokerage account, and you have yourself a chance to shoot your way to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users an insight into the performance of the trading community as well as its experts. It’s not just a way to prove your worth to a group of traders, as you can also utilize Profit.ly to shop with a professional with the assurance that you’re confident in their skills and the legitimacy of their claims.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you can choose to publish your trades, either verified or not, via pictures. Included in Profit.ly are the vast number of courses in trading as well as the ability to look at statistics on a person’s profile and other methods to connect with your gurus through the chatroom 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 trading guru who has been famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for just less than 5 cents per share. The trading of penny stocks is a stepping stone for small-scale businesses to make the transition to a market that is larger as it allows them to access capital from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, made an estimated $6 million earnings throughout his illustrious career as trader. At 25 years old Sykes was given more exposure and a wider impact when he became part of the reality TV show “Wall Street Warriors.” He then took advantage of it to create trading rooms and penny stock themes and educational content geared toward those who are new to the trading field. He also helped to establish Profit.ly as a platform for transparency, and for the community to uplift 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 education resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the trading experts who have earned substantial amounts of money through their years of expertise. Login Profitly
At its height, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on the 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 the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS as well as Android devices, text, e-mail and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month this is the perfect plan for those who are more committed to penny stock trading. Pennystocking Silver offers all the essential features of earlier plans which includes swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both 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 total trading earnings. Login Profitly
The Superman Alerts plan is his offering of essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist and the mobile app, the daily market commentary shown in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. In addition, you’ll also get the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of resources to help you going. The platform offers three membership tiers, each designed for traders of different levels. Let’s take a look at what these three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. When you sign to this plan you’ll be offered a range of strong and vital trading tools, each of them integral in keeping your hands on what we call a competitive process by itself.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with other traders; and giving feedback on the trades of today. You can also get onto leaderboards; study, sort, and filter your trades and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re looking to have an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use the majority of features available in The Novice package. In this plan, that you can create an individual profile that allows you to share with fellow associates all your insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to improve their skills in trading. While it’s nice, there is one significant element that’s missing. Unlike the previous Novice package, this one won’t be able view other traders’ stats this could be a problem for those eager to try this new tier. Login Profitly
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. With $74.95 per month, and 22% off for annual billing the Pro plan has everything. It gives you full, unlimited access to all features of the prior plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the option of creating your own private profile. These two features are on top of all the advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly provides a variety of more services it has to provide. One of these is its online store, which allows users to pick from a range of videos designed to inform and guide you through the nuances and pitfalls of trading. The products listed in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other related to trading, videos and footage from the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s array of features and services. You may be familiar with the chat room since you can see it across social and messaging platforms, in addition to a few special websites that offer live chat support. But on Profit.ly, it is seen as a space where experts and their members trade and learn in real time. Every guru has their own style in running their chat rooms and dealing with the listed members. Some may be laid back and rarely active, while another might be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of a forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock trader types, from novices to the most experienced. With the variety of deals it can provide it is certain to have something for everyone.
For instance, newbies can take advantage of Profit.ly’s collection of educational materials available across the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus and their members. They’ll also be able choose from the items on its store online that they can take with them wherever they be. You can also get hands-on experiences from trading within the platform, but eventually, they will soon learn that this is a high stakes game that should not be viewed as an amusing pastime.
For traders who have years of exposure down the line, we see Profit.ly as equally as suitable for them as it is for those who are just starting. While the newbies may not be as adept at managing trading, the pros already understand how it works along with the stack full of risks associated with it. Ideally, they may utilize Profit.ly’s range of options to their maximum advantage to improve their trading abilities. Like beginners, they can study from the gurus and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to assist them in the ever-changing trading process. Login Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders across the globe with a wealth of education, communication, and trading tools
- You’ll receive excellent training and advice from the company’s inside experts, as well as libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There’s something for all
The Cons
- Profit.ly’s numerous packages and products offered may not be enough for most of its customers
- Since traders can choose to open any kind of trade, there is the possibility that some of them could profit from cherry-picking the best trades to boost their rating – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds as its premium users will 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 were able to come up with an answer to this question, it would be yes. However, you must realize that the platform should not be used as a get-rich-quick scheme. The platform was not always meant to be designed for this reason. Instead, it is best to keep an open mind. Login Profitly
What we do mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they might discover Profit.ly’s variety of resources helpful as they do their best to reduce loss and perform better than before. It’s not only the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly care about being better at trading and wish to learn from your peers and experts throughout the process, then look no further – Profit.ly could be a good alternative to start.
FAQ Login Profitly
How do you use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries within the My Trade category on the dashboard. It lets you record your trades that are verified or not. There are three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades into the spaces provided and details
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is an excellent chance that it is verifiable. This is evident by the small blue check. If you post it manually or through images, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the possibility of getting downvotes from your colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just seeking to make the most profit but also help each other grow and learn more about acquiring opportunities on the stock market all over the world.
