Stock trading is an extremely risky game. Some days, you might be reaping the benefits of pleasing and positive numbers. However, on other days, the opposite may happen and it can be extremely difficult to return to where you were at your peak. If you find yourself immersed in the water it is important be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve experienced loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the globe, which is why we’ve found an option that can help you in your improvement in the industry. We’ll be taking an in-depth look at Profit.ly A well-respected 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.
Overall Rating: 4.1/5 Profily Ue
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of various levels to be knowledgeable responsible, transparent, and uplifting with each other by offering a wide 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 website that serves both as a learning and education platform for traders who are just beginning their journey as well as a place for traders with experience to keep track of their performance through the use of advanced analytics tools. Offering users a broad array of options for communication and trade that help traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries that the site. Think of it as the social media equivalent to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are valid and won’t tolerate inauthenticity as much as possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes stated that Profit.ly was based “on showing all trades, something that was never done before.” The idea was, he said, serving two goals: 1.) creating public track records for everyone, not just the experts, but also the students and newsletter writers and secondly) giving anyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Profily Ue
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of services and features geared at achieving achievement. You may set up an account there at no cost, however you’re limited to the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and expertise, connect your brokerage account, and you’ll be given a chance to shoot through the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a glimpse of how the community of traders performs as well as its gurus. It’s not only a chance to prove value to a large group of traders, but you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you feel uneasy with the idea of sharing your brokerage account, you may choose to publish your trades, verified or otherwise, through pictures. Included in Profit.ly are a variety of trading courses as well as the ability to look at stats in a trader’s profile, and more ways to connect with your gurus via chatrooms along with notifications via email or text as well as updates.
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Meet Tim Sykes, 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” refers to a small company’s shares that trade for just less than 5 cents per share. The trading of penny stocks can be seen as an opportunity for small companies to move to a large marketplace as it allows them to access money from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes will be able to tell you because of his decades of expertise.
From his beginnings in the latter years of High School, Tim Sykes has, since then, made more than $6 million in profit during his long and successful career as a trader. At the age of 25, he had been given greater exposure and a larger impact as a participant in 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 played a role in establishing Profit.ly as a platform 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 amazing features is the wide range of educational sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have earned substantial amounts of money from their collective years of knowledge. Profily Ue
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on this 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 we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service 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 catalysts for stocks and utilize them to predict the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS and Android devices, as well as text, e-mail and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. It costs $149.95 monthly, it is the perfect plan for those who are more involved in the penny-stock market. Pennystocking Silver includes all the basic features that were included in prior plans, including alerts for swing trading and access to a collection of more than 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Profily Ue
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted to those interested. For $147/month, you’ll get access daily premarket stock watchlist along with the mobile app, the daily market commentary shown in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base that is provided by Superman himself, via the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. On top of that you’ll also gain access to premium research reports as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three tiers are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. As you sign up for this package you’ll be provided with a variety of powerful and vital trading tools, each of them integral in keeping your fingers on what we could call a ruthless procedure in its own.
Some of the features you can do using Profit.ly’s Novice program is the ability to verify trades and track profits as well as leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze, sort, or filter the trades you make; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. It isn’t possible to create a private profile, thus making your actions public. If you do want to get the benefit of this service, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from the novice plan. It is in this plan that you can create an individual profile that allows you to share with fellow associate users all the insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to improve their skills in trading. As nice as it seems however, there’s a crucial element that’s missing. In contrast to the Novice package, this one won’t be able to see other traders’ statistics that could be a problem for those eager to try this new tier. Profily Ue
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly can offer to experienced traders. At $74.95 per month, which includes 22% off when billed annually, this tier has everything. You will have full, unrestricted access to all features from the two previous plans.
Not only do you get to look at other people’s statistics and data, but you also have the opportunity to create your own private profile. These two features are plus the other benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly has a few 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. The products listed in this section of the website can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other aspects of trading. There are also clips and footage taken from the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s array of features and services. You’re probably familiar with chat rooms since you can find it throughout messaging and social platforms, in addition to a few special websites that offer live chat support. However, in Profit.ly, it is seen as a place where gurus and their member traders can communicate and learn in real time. Every guru has their own style in operating their chat room and dealing with the members there. One might be more laid back and not very often active, while another might be more online and communicative with their students. Think of chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock trader types, from novices to the most experienced. Given the wide range of options it offers this platform definitely has something for every person.
For instance, newbies can take advantage of Profit.ly’s library of learning content offered throughout the platform. In addition, they will be provided with videos every week and chat room advice by its internal gurus and members. They’ll also be able select from the products from its online store for them to take wherever they may be. You can also get hands-on experience trading on the platform, but ultimately, they will soon learn that trading is a high stakes game that should not be viewed as a joke.
For those traders who have had decades of experience in the line, we see Profit.ly equally suited to them as the newcomers. While novice traders may not be as proficient in managing trading but the experts already know the way it functions and the plethora of risks that come with it. It is ideal to make use of Profit.ly’s range of features to their full advantage to improve their skills in trading. Like novices, they can study from the gurus and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! People in the trade industry who are on the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders in order to assist them in the ever-changing trading process. Profily Ue
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 will receive excellent training and insights from its inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders that are waiting to reach 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 main features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There is truly something for all
The Cons
- Profit.ly’s bountiful stream of products and packages offered might not be enough for the majority of its users
- Since traders can choose to post any kind of trade, there is an opportunity that some them may take advantage by cherry-picking the best trades to increase the rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as its premium users are expected to instantly benefit from the number of features the platform is able to offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it’s yes. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you should have an open mind. Profily Ue
What we do mean”yes” is it is a fantastic learning tool. For those who are struggling, they could find Profit.ly’s range of resources useful when they try their best to incur lesser loss and perform better than before. It’s not only the poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
If you truly desire to be more successful in trading and would like to learn from your peers and experts throughout the process, then look no further – Profit.ly may be a great alternative to start.
FAQ Profily Ue
How can you make use of Profit.ly to make your trades public?
Profit.ly offers a trade entry portion in the ‘My Trade category on the dashboard that lets you post your trades, verifiable or otherwise. There are three options:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
How do I know whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there is a high chance that it is verifiable. This is shown by the blue check mark. If you upload the information manually or via pictures, it will be assigned as unverified.
The downside of having an unauthentic trade is the possibility of receiving downvotes from fellow peers. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just looking to earn maximum profits but also help each other learn and improve in acquiring opportunities in the stock market left and right.
