Stock trading is an exciting game with high stakes. On certain 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 at your most productive. If you are immersed in the water it is important to recognize that relying on your instincts and preserving might not be enough.
If you’ve experienced occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require 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. This review will 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Profit Vs Net Income
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be informed responsible, transparent, and uplifting with each other by offering a wide variety of tools and features such as chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for traders who are starting out as well as a place for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. Providing users with a wide range of resources to facilitate trade and communication that help traders from all walks of life connect with one another. It offers gurus with worthwhile investments within the confines of the platform. Imagine it as the social media equivalent the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been previously done.” The idea Sykes said served two goals: 1.) keeping track of public data for not just the gurus as well as students and newsletter writers and secondly) making it possible for anyone on the platform to learn from both losses and wins for the trading industry’s benefit. Profit Vs Net Income
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of tools and services that are geared towards achieving success. It is possible to create an account there 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 sign up to one of Profit.ly’s deals, which we will review in the coming days.
Making an account simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you’ll be given the chance to climb through high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users an insight into the performance of the trading community and its experts. It’s not only a chance to prove that you’re worthy to the large group of traders, but you can also use Profit.ly to shop with a guru, and have the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, then you could choose to publish your trades, whether verified or not, by taking pictures. In Profit.ly is the huge selection of trading classes and the capability to see statistics on a person’s profile and other methods to communicate with your gurus via chatrooms as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s shares that trade for just less than 5 cents per share. The trading of penny stocks could be viewed as a stepping stone for small-scale businesses to make the transition to a market that is larger as it allows them to access money from the general 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, earned over $6 million of earnings during his long and successful career as trader. At 25 years old Tim Sykes had received greater exposure and an even wider impact when he became part of the reality series “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place for transparency and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have made substantial profits from their combined years of expertise. Profit Vs Net Income
At its peak, Profit.ly had housed up to five gurus, each of them an expert within their particular field within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you will observe him focus on basic stock catalysts and employ them to forecast the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS and Android devices; email, text and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 monthly, this is the perfect plan for investors who are involved in penny stock trading. Pennystocking Silver comes with all the standard features found in prior plans, which includes swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Profit Vs Net Income
The Superman Alerts package is his offer of the most essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist and the mobile application, daily market commentary in real-time, as well as email and SMS alerts.
From “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 Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. Additionally you’ll also gain the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and make a mark on the field, Profit.ly has the right amount of tools to get you going. The platform offers three membership levels, each designed for traders with different levels. Let’s look at what the three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. When you sign to this plan, you will be immediately offered a range of strong and essential trading tools, each one of them essential in keeping your hands on what we call a competitive procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit as well as leading, following, and even messaging your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze your trades, sort or filter the trades you make; and, lastly, view other’s stats.
The Novice plan costs $29.95 per month. While it may look attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re looking to gain an account with this option, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader package allows you to take advantage of the majority of features available in the Novice plan. In this plan, that you can create an account that is private to share with other associates all your insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to develop their skills in trading. As nice as it seems however, there’s a crucial feature that is missing. As opposed to the prior Novice package, you will not be able to see the statistics of other traders, which could be a disadvantage for those who are looking forward to this tier. Profit Vs Net Income
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. With $74.95 monthly, and 22% off for annual billing, this tier has it all. You get full, no-holds-barred access to all options of the previous plans combined.
Not only do you get to view other people’s stats, but you’re also given 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 looking for an account that will give all the features you need to be an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly offers a number of more services it has to provide. One of them is the online store, which allows users to choose from a wide array of videos designed to inform and guide you through the ins and outs 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 the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and all other things trading-related, clips and scenes of the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s range of features and services. You’re probably familiar with chat rooms since you will see it on messaging and social platforms, in addition to a few special websites that provide live chat assistance. But in Profit.ly it’s seen as a hands-on area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members there. Some may be laid back and less active, while another may be more active and in touch in their interactions with students. Consider chatrooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety 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.
For instance, newbies will appreciate Profit.ly’s knowledge-based information available on the platform. Not only will they be provided with videos every week and chat room advice by its internal gurus and members. They’ll also be able choose from the items from its online store for them to take wherever they travel. You can also get hands-on experiences from trading within the platform, but eventually they’ll realize that the process is a risky game that should not be viewed as an amusing pastime.
For traders who have many years of experience down the road, we consider Profit.ly equally suitable to them as people who are just beginning. While novice traders may not be as proficient in dealing with trading issues however, experienced traders know how it works and the plethora of risks that come with it. In the ideal scenario, they can utilize Profit.ly’s array of options to their maximum advantage to improve their trading abilities. As beginners, they are able to learn from the top experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to navigate them through the ever-changing trading process. Profit Vs Net Income
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You will receive excellent training and tips from the internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s numerous products and packages offered might seem overwhelming for most of its customers
- As traders may opt to make any type of trade, there is a possibility that some of them will profit by picking the most profitable trades to increase the rating This could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds because its premium users will immediately take advantage of the numerous features the platform is able to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it’s a ‘yes’. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t meant to be designed in this way. Instead, you should have the ability to think with an open heart. Profit Vs Net Income
What we mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck could be able to find Profit.ly’s variety of resources useful as they do their best to incur lesser losses and be more successful than before. It’s not only the struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely care about being better at trading and wish to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Profit Vs Net Income
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries in the ‘My Trade section of the dashboard which lets you post your trades that are verified or not. There are three choices:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your transactions
How can I tell whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is the likelihood that it can be verified. This is shown by the blue check mark. If you post it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving downvotes from friends and colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities in the stock market left and right.