Stock trading can be an extremely risky game. On some days, you might have the benefit of positive and satisfying numbers. However, on other days you may experience the opposite, and it may sometimes be very difficult to return to where you were your best. If you’re constantly stuck in the gutter You will need be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve suffered losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an important boost from colleagues in the market from all over the world, which is why we’ve identified an option that can help you in your growth within the field. In this review, we’ll take the time to look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Mytradingschool Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informed, transparent, accountable, and uplifting with each other through its broad array of tools and features such as trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for those who are just beginning their journey and also as a platform for traders with experience to keep track of their performance through the use of advanced analytics tools. It provides users with a vast range of resources to facilitate 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 of this platform. Consider it a social media site akin 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 platform’s trading model is based on honesty and transparency: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that has never been previously done.” The idea was, he said, serving two objectives: one) making public records for everyone, not just the experts as well as newsletter authors and students and secondly) making it possible for all users to be enlightened by both losses and wins to the benefit of the trading industry. Mytradingschool Profitly
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of services and features geared towards achieving the success of their business. 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 looking to invest your money to see what stocks the experts 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.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll be given the chance to climb your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users a look at the performance of the trading community as well as its experts. You’re not just allowed to show that you’re worthy to the group of traders, as you are also able to use Profit.ly to purchase from a guru with the confidence that you are confident with their expertise and the legitimacy of their assertions.
If you feel uneasy with the concept of leaking your brokerage account, then you could opt to post your trades, either verified or otherwise, through photographs. In Profit.ly are the vast number of trading courses as well as the ability to look at the stats of a trader’s account as well as other ways to communicate with your gurus via chatrooms along with 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 his efforts in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at less than $5 per share. The trading of penny stocks could be viewed as an opportunity for small businesses to transition to a market that is larger as it gives them access to capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell because of his decades of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million profits during his long and successful career as a trader. At the age of 25 Tim Sykes had received greater exposure and an even wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He then made use of the show to establish trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place for transparency 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 sweet inclusions is the wide range of educational resources, trade alerts, and other useful stuff offered by the company’s internal gurus. These gurus refer to the experts in trading who have proven to make substantial profits from their collective years of expertise. Mytradingschool 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 gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, only two gurus remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him focus on the fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS and Android devices; texts, emails and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. It costs $149.95 per month, this is a great option for those who are committed to penny stock trading. Pennystocking Silver offers all the essential features that were included in earlier plans such as swing trading alerts and unlimited access to a library of over 7,000 educational videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Mytradingschool Profitly
The Superman Alerts plan is his package of vital features and trading alerts targeted to those interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket as well as the mobile app, the daily market commentary shown in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base provided by Superman himself via the Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. On top of that you’ll also have the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you started. The platform has three membership levels, each designed for traders at different levels. Let’s break down what these three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. As you sign to this plan you’ll be given a slew of robust and vital trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice program is the capability to check trades and track profits; leading, following 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, or filter the trades you make and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing simply because of the price however, there’s a drawback. It isn’t possible to create a private account, making your activities publicly available. If you’re interested in have an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package lets you to use many of the features of the Novice plan. In this plan, that you can set up an account that is private to share with fellow associate users all your knowledge and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to improve their trading skills. While it’s nice but there’s one important feature that is missing. As opposed to the prior Novice package, you will not be able to view other traders’ stats this might be a drawback for some who may be anticipating this level. Mytradingschool Profitly
Pro Plan
The Pro plan is the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 each month which includes an additional 22% discount for billing annually the Pro plan has everything. You get full, no-holds-barred access to all options of the previous plans.
Not only do you get to look at other people’s statistics and data, but you also have the opportunity to create an individual profile. These two features are in addition to the benefits that you can use to their fullest capacity. If you’re in search of an option that gives you everything you need as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly provides a variety of more services it has to offer. One of those is its online store, which allows users to pick from a range of video products 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 bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series from trading expert 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 other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of features and services. You may be familiar with the concept of the chat room as you can find it throughout 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 place where gurus and their members can interact and learn in real time. Each guru has their style when it comes to running their chat room and dealing with the members. One of them may be a laid-back person who is less active, while another may be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of the forum in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock traders, ranging from beginners to experienced pros. With the variety of deals it offers it is certain to have something for every person.
For instance, newbies will appreciate Profit.ly’s knowledge-based materials available across the platform. Not only will they be enriched with weekly videos and chat room advice by its internal gurus and members. They’ll also be able to choose from the items on its store online for them to take wherever they may travel. Additionally, they can gain practical experiences from trading within the platform, however they’ll realize that this is a risky game that shouldn’t be treated as an opportunity to make fun of.
For traders who have many years of experience down the line, we believe Profit.ly equally suitable for them as it is for people who are just beginning. While novice traders may not be as well-equipped with handling trading matters but the experts already know how it works and the stack full of risks that it carries. Ideally, they may make use of Profit.ly’s variety of features to their best advantage to improve their trading abilities. As beginners, they are able to study from the gurus and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Trade professionals who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to help guide them through the ever-illustrious trading process. Mytradingschool Profitly
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You will receive excellent training and tips from the inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy 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 screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There is truly something for all
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its customers
- Since traders can choose to make any type of trade, there’s the 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 does not accept refunds because its premium users are expected to immediately benefit from the many services that the platform can offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could come up with an answer to this question, it’s an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always intended to be created for this reason. Instead, you should have curiosity. Mytradingschool Profitly
What we do mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they may find Profit.ly’s range of resources to be helpful in their efforts to incur lesser losses and be more successful 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 want to become better at trading and wish to be taught by your fellows and gurus on the way, look no further – Profit.ly is a fantastic choice to start.
FAQ Mytradingschool Profitly
How do you use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades under the ‘My Trade’ category of the dashboard which lets you post your trades, either verified or otherwise. You may choose between three options:
- Linking your account to the broker of choice and import the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your trades
How do I know if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is the chance that it is verifiable. This is shown by the small blue check. If you upload the information manually or via images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the risk of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, where people are able to identify who is untruthful in submitting 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 on the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many are connected to 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 to help one another grow and learn more about acquiring opportunities in the stock market left and right.
