Stock trading is a high-stakes game. Some days, you could be reaping the benefits of positive and satisfactory numbers. On other days, the opposite may happen and it can be extremely difficult to get back to the point you were at your best. If you’re constantly stuck in the gutter, you will have to realize that relying on instinct and survival might not be enough.
If you’ve suffered losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the world, which is why we’ve discovered a platform that can support you in your improvement in the industry. We’ll take 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 Profily Ud
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 different levels to be informed, transparent, accountable, and to build relationships with each other through its broad range of features and tools such as chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for people new to trading and as a hub for traders with experience to keep track of their performance using the aid of advanced analytics tools. It provides users with a vast variety of tools for trade and communication that help traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Think of it as a social media site akin like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are valid and won’t allow for fraud as much as it is possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on showing every trade, something that has never been previously done.” This idea was, he said, serving two purposes: 1) creating public track records for everyone, not just the experts, but also the newsletter writers and students and secondly) giving all users to be enlightened by the losses and wins to the benefit of the trading industry. Profily Ud
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of services and features geared at achieving achievement. You may set up an account for free, but you’re only given the capability to browse the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s offers, which we will go over shortly.
Making an account simple: Create an account that includes your personal information and expertise, connect to your brokerage account and you’ll have an opportunity to make through the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users an insight into how the community of traders performs and its experts. It’s not only a chance to show value to a community of traders, but you are also able to use Profit.ly to buy from a guru with the confidence that you are confident in their skills and the veracity of their claims.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you can opt to post your trades, whether verified or not, by taking photographs. In Profit.ly are the vast number of courses in trading, the ability to view the stats of a trader’s account as well as other ways to communicate with your gurus through the chatroom in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his involvement in penny stock trading. According to Investopedia Penny stock is a small business’s stock which trades at less than $5 per share. Penny stock trading can be seen as a stepping stone for small companies to move to a market that is larger as it gives them access to funds from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell thanks to his years of expertise.
From his 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 trader. At 25 years old Sykes was given greater exposure and a larger influence over time when he became part of the reality series “Wall Street Warriors.” Then, he made use of the show to establish 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 place for transparency, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning tools, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have made substantial amounts of money from their combined years of expertise. Profily Ud
At its peak, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing 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. In light of that we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you will observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as 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 program. Priced at $149.95 per month, this is the perfect plan for those who are more committed to investing in penny stocks. Pennystocking Silver includes all the basic features of prior plans, which includes swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released weekly.
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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 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 total trading earnings. Profily Ud
The Superman Alerts plan is an offering of essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist as well as the mobile app, the daily market updates in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base provided by Superman himself via the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. On top of that you’ll also have an access to high-quality research papers as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of resources to help you started. The platform offers three membership levels that are designed to accommodate traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. As you sign to this plan, you will be immediately offered a range of strong and vital trading tools, all of them integral in keeping your fingers on what we can describe as a cutthroat process in and of itself.
The list of features you can do with Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading and even texting your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. Although it looks attractive for the price alone, there is a downside. You aren’t able to create a personal profile, thus making your personal information public. If you do want to gain an account with this option, you should keep an eye on us as we present to you Profit.ly’s next plan.
Trader Plan
The Trader plan allows you to take advantage of a majority of features from the Novice plan. This plan allows that you can set up an individual profile that allows you to share with fellow associate users all your knowledge and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to harness their skills in trading. While it’s nice but there’s one important feature that is missing. Unlike the previous Novice package, you won’t be able to view other traders’ stats, which could be a problem for those looking forward to this tier. Profily Ud
Pro Plan
The Professional plan can be described as the highest luxurious package Profit.ly offers to experienced traders. With $74.95 each month which includes 22% off for annual billing the Pro plan has everything. You will have full, unrestricted access to all options of the previous plans.
Not only do you get to look at other people’s statistics, but you’re also given the opportunity to create an individual profile. Both of these features, plus the other advantages you’ll be able to use to their fullest capacity. If you’re looking for an option that gives you with everything you require as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly provides a variety of additional services that it can offer. One of them is the online store, which allows users to select from a variety of video products designed to inform and help you understand the ins and outs of trading. Each of the offerings listed on this page of the website can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other things trading-related, clips and scenes taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s range of features and services. You’re probably familiar with the concept of chat rooms since you will see it on social and messaging platforms in addition to a few special websites that offer live chat assistance. But on Profit.ly it’s seen as a place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the listed members. Some may be a laid-back person who is not very often active, while another may be more interactive and online with their students. Think of the chatrooms as Profit.ly’s version of a forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock trader types, from beginners to experienced pros. Given the wide range of options it can provide this platform definitely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s library of learning information available on the platform. In addition, they will be provided with videos every week and chat room tips from the in-house experts and their members. They’ll also be able to choose from the items in its online store that they can take with them wherever they be. Additionally, they can gain practical experiences from trading within the platform, but eventually, they will soon learn that this is a risky game that shouldn’t be taken as an opportunity to make fun of.
For the traders with decades of experience in the line, we believe Profit.ly as equally as suitable to those who are just starting. While the newbies may not be as adept at managing trading but the experts already know the way it functions and the risky mix associated with it. In the ideal scenario, they can use Profit.ly’s variety of features to their best advantage to improve their skills in trading. Like beginners, they can learn from the top experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the fun! Those in the trading industry who are on the same level as Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to help assist them in the ever-changing trading process. Profily Ud
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for a lot of its customers
- If traders decide to post any kind of trade, there is the possibility that some of them may take advantage by selecting the best trades in order to boost their rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as the premium customers will immediately benefit from the many services the platform has to offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we could think of the answer, it would be a ‘yes’. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform was not always designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. Profily Ud
What we mean”yes” is it could be a useful learning tool. Those who may be stuck may discover Profit.ly’s array of resources to be helpful in their efforts to incur lesser losses and perform better than before. Not only struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become a better trader and want to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profily Ud
How can you make use of Profit.ly to post your trades?
Profit.ly includes a trade entry portion under the ‘My Trade category on the dashboard which lets you post your trades that are verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is evident by the blue check mark. If you upload it manually or through images, it will be classified as unverified.
The disadvantage of an unverified trade is the risk of receiving negative feedback from colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Does 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 in the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just trying to maximize profits but also help each other learn and improve in acquiring opportunities on the stock market left and right.
