Stock trading can be an extremely risky game. Some days, you could have the benefit of pleasing and positive numbers. However, on other days it could be the reverse and it could be very difficult to return to where you were your best. If you find yourself constantly stuck in the gutter You will need to realize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the world, which is why we’ve discovered an online platform that will help you to improve your performance in the industry. This review will be taking the time to 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 Options Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of various levels to be informative responsible, transparent, and encouraging each other through its broad range of features and tools like chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for those new to trading as well as a place for traders with experience to keep track of their performance with the help of advanced analytics tools. Offering users a broad range of resources for trade and communication that help traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries of the platform. Think of it as an online social media platform similar to Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was founded 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 for Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that has never been previously done.” The concept, he added, served two purposes: 1) making public records for everyone, not just the experts, but also the students and newsletter writers as well as) allowing all users to learn from both the wins and losses to the benefit of the trading industry. Options Profitly
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of features and services aimed at achieving the success of their business. You can create an account for free, but you’re only given access to the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s offers that we’ll discuss in the near future.
Making an account simple: Create an account that includes your personal information and skills, join to your brokerage account, and you’ll have an opportunity to make through the top of 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 as well as its experts. You’re not just allowed to prove value to a large group of traders, but you can also utilize Profit.ly to shop from a guru with the assurance that you’re comfortable with their expertise and the veracity of their claims.
If you are unsure about the concept of leaking information about your account with a brokerage, you can decide to share your trades, whether verified or otherwise, through pictures. Included in Profit.ly are the vast number of trading courses, the ability to view statistics on a person’s profile, and more ways to interact with your experts via chatrooms along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s shares that trade for under $5 for each share. Penny stock trading is a stepping stone for small businesses to transition into a larger market because they can access funds from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you because of his decades 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 trader. When he was 25 years old Sykes was given greater exposure and a larger influence over time when he became part of the reality show “Wall Street Warriors.” He then took advantage of it to establish trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also helped to establish Profit.ly as a place of transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education sources, 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 from their combined years of experience. Options Profitly
At its height, Profit.ly had housed up to five gurus, all of them a professional in their niche within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll be able to see him focus on the basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS as well as Android devices, as well as email, text and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month this is the perfect plan for those who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in earlier plans which includes swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos that are updated weekly.
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In “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. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Options Profitly
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket along with the mobile application, daily market commentary in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base that is provided by Superman himself via the 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 have the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the online trading community and make a mark on the market, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership levels that cater to traders at different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. As you sign up for this plan, you will be immediately provided with a variety of powerful and essential trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice package is the capability to check the results of your trades and track profit; leading, following, and even messaging your fellow traders; and 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, view other’s stats.
The Novice plan is $29.95 per month. Although it might look appealing for the price alone, there is a downside. It isn’t possible to create a private account, making your personal information public. If you’re looking to get the benefit of this service, you should be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows you to take advantage of many of the features of the novice plan. In this plan, that you can set up a private profile to share with other associate users all your knowledge and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to harness their trading skills. While it’s nice however, there’s a crucial element that’s missing. Unlike the previous Novice package, this one won’t be able view other traders’ statistics that might be a drawback for those who are looking forward to this tier. Options Profitly
Pro Plan
The Professional plan can be described as the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 per month, with 22% off for billing annually This plan offers it all. You will have full, unrestricted access to all the features of the prior plans.
Not only do you get to see other users’ stats, but you’re also given the option of creating a private profile. Both of these options, on top of all the advantages that you can utilize to the fullest potential. If you’re in search of an account that will give you with everything you require as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly offers a number of more services it has to provide. One of those is its online store, which allows users to pick from a range of video products that are designed to educate and provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be bought immediately for your personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by 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 footage of 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 variety of services and features. You may be familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, and also on a few specialty websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a real-time area where experts and members trade and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members there. One might be a laid-back person who is less active, while another might be more active and in touch with their students. Think of the chat rooms like Profit.ly’s version of the forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, ranging from novices to experienced professionals. Considering the number of offers it has to offer, the platform surely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. They will also be enriched with weekly videos and chat room tips by its internal gurus and their members. They’ll also be able pick from the merchandise available on its store online to carry with them wherever they be. Additionally, they can gain practical experiences from trading within the platform, however, they will soon learn that the process is a high-stakes game that should not be viewed as a joke.
For the traders with many years of experience down the road, we consider Profit.ly as equally as suitable to those who are just starting. While the newbies may not be as well-equipped with dealing with trading issues but the experts already know the way it functions and the stack full of risks that it carries. It is ideal to utilize Profit.ly’s variety of features to their full advantage to develop their trading skills. Like novices, they can learn from the top experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to guide them through the ever-illustrious trading process. Options Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with a wealth of education tools, communication, and trading tools
- You will receive excellent training and advice from the company’s inside experts, as well as libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There is truly something for all
The Cons
- Profit.ly’s bountiful stream of products and packages offered might not be enough for a lot of its users
- As traders may opt to make any type of trade, there’s the possibility that some of them may take advantage by cherry-picking the best trades to increase the rating this could be a concern that should not be ignored.
- Profit.ly does not accept refunds, as its premium users are expected to instantly take advantage of the numerous services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of an answer to this question, it’s yes. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always designed to be used for this reason. Instead, you need to have the ability to think with an open heart. Options Profitly
What we are referring to”yes” is it could be a useful learning tool. For those who are struggling, they could be able to find Profit.ly’s array of resources to be helpful as they do their best to avoid losses and perform better than they did before. It’s not only the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely want to become a better trader and want to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Options Profitly
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries within the “My Trade category on the dashboard that lets you post your trades, verifiable or not. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there’s the chance that it is verifiable. This is evident by the blue check mark. If you upload it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The downside of having an unauthenticated trade is the possibility of getting downvotes from your fellow peers. Too many downvotes may result in you appearing in the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are trying to maximize profits but also help each other grow and learn more about acquiring opportunities in the stock market both right and left.
