Stock trading is an exciting game with high stakes. On certain days, you might be reaping the benefits of pleasing and positive numbers. On other days, however, the opposite may happen and it could 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 instinct and survival is not always enough.
If you’ve suffered losses from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from fellow traders from around the globe. That’s why we’ve found an option that can help you in your improvement in the market. We’ll be taking the time to 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 Profit Vs Gross Profit
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be knowledgeable responsible, transparent, and uplifting with each other through its broad variety of tools and features like chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for those 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 cutting-edge analytics tools. It provides users with a vast array of options to facilitate trade and communication and letting traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas that the site. Consider it a social media site akin to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are authentic 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 an interview with Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on showing every trade, something that has never been previously done.” This idea Sykes said served two goals: 1.) keeping track of public data for all traders, not just the gurus, but also the newsletter authors and students and secondly) making it possible for everyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Profit Vs Gross Profit
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of features and services aimed at achieving the success of their business. You may set up an account there at no cost, however you’re only given access to the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offers, which we will discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account, and you have yourself an opportunity to make your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users an insight into their performance as a trading group as well as its gurus. You’re not just allowed to prove that you’re worthy to the large group of traders, but you can also use Profit.ly to purchase with a professional with the confidence that you are confident with their expertise and the credibility of their claims.
If you are unsure about the concept of leaking your brokerage account, you can decide to share your trades, either verified or not, by taking pictures. Also included in Profit.ly are the vast number of trading courses, the ability to view stats in a trader’s profile and other methods to interact with your experts in the chatroom, along with notifications via email or text as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for less than $5 per share. Penny stock trading can be seen as a stepping stone for small-scale businesses to make the transition to a large marketplace as they can access 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.
From his beginnings in the latter years of High School, Tim Sykes has, since then, earned an estimated $6 million earnings throughout his illustrious career as trader. At the age of 25 Tim Sykes had received greater exposure and an even wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place for openness, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning 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 proven to make significant amounts of profit through their years of expertise. Profit Vs Gross Profit
At its height, Profit.ly had housed up to five gurus, all of them a professional in their niche in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll be able to observe him focus on basic stock catalysts and employ them to forecast the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS and 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 that has been upgraded of the Tim’s Alerts package. Priced at $149.95 per month, it is an ideal plan for those who are more involved in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in earlier plans such as alerts for swing trading and access to a library of over 7,000 educational videos, with new ones released every week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with 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 profits. Profit Vs Gross Profit
The Superman Alerts plan is his package of vital features and trading alerts geared to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist as well as the mobile app, the daily market commentary shown in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge of information provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. Additionally you’ll also gain the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership levels that are designed to accommodate traders of different levels. Let’s look at what the three levels are and what they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. When you sign up for this plan, you will be immediately given a slew of robust and essential trading tools, all of which is essential to keep your fingers on what could call a ruthless process in and of itself.
Among the list of things you can do with Profit.ly’s Novice package is the capability to check the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be onto leaderboards; study the results of your analysis, sort, and filter your trades; and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your actions public. If you’re looking to gain the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets users to benefit from many of the features of The Novice package. This plan allows that you can create a private profile to share with fellow associates all your insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to improve their trading skills. As nice as it seems however, there’s a crucial feature that is missing. In contrast to the Novice package, you will not be able view the statistics of other traders this might be a drawback for some who may be eager to try this new tier. Profit Vs Gross Profit
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. At $74.95 monthly, and 22% off for annual billing the Pro plan has it all. It gives you full, unlimited access to all features from the two previous plans.
You’re not only able to look at other people’s statistics and data, but you also have the chance to create your own private profile. These two features are in addition to the advantages that you can utilize to the fullest potential. If you’re in search of an option that gives all the features you need to be a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly has a few additional services that it can provide. One of those is its online store, where customers can pick from a range of instructional videos that are that are designed to educate and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be bought immediately for your personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and scenes taken from The Annual Pennystocking Conference, and products from other expert traders.
The integrated chat rooms are as well part of Profit.ly’s array of features and services. You are probably familiar with the chat room since you can find it throughout social and messaging platforms and also on a few specialty websites that provide live chat support. But in Profit.ly, it is seen as a area where experts and members can interact and share knowledge in real-time. Every guru has their own style in operating their chat room and in dealing with the members. One of them may be more laid back and not very often active, while another may be more active and in touch with their students. Think of chat rooms as Profit.ly’s version of the forum in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock trader types, from novices to experienced professionals. Considering the number of offers it has to offer, the platform surely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s library of learning information available on the platform. Not only will they be provided with videos every week and chat room advice from its in-house 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. You can also get hands-on experiences by trading through the platform, however they’ll realize that the process is a high-stakes game that should not be viewed as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we believe Profit.ly as equally as suitable to people who are just beginning. While novice traders may not be as well-equipped with managing trading but the experts already know how it works and the plethora of risks that come with it. It is ideal to make use of Profit.ly’s variety of options to their maximum advantage to develop their skills in trading. Like beginners, they can learn from the top experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the excitement! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to guide them through the ever-illustrious trading process. Profit Vs Gross Profit
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You get to be taught by experts and advice from the company’s in-house gurus, including collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There is truly something for all
- Profit.ly’s abundance of products and packages offered might be too much for most of its users
- As traders may opt to make any type of trade, there is the possibility that some of them will profit by picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as its premium users are expected to immediately benefit from the number of features the platform is able to provide
The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it’s a ‘yes’. But it is important to realize that the platform should not be used as a get-rich-quick scheme. It wasn’t intended to be created for this reason. Instead, you need to have curiosity. Profit Vs Gross Profit
What we mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they could be able to find Profit.ly’s variety of resources useful in their efforts to incur lesser losses and be more successful than they did before. Not only struggling traders that will benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely care about being better at trading and wish to learn from your mentors and peers along the way, then look no further – Profit.ly could be a good option to begin.
FAQ Profit Vs Gross Profit
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades in the My Trade section of the dashboard which lets you post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
How do I know if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is an excellent chance that it is verifiable. This is shown 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 friends and colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just trying to maximize profits but also to help one another learn and improve in acquiring opportunities on the stock market left and right.