Stock trading is an exciting game with high stakes. On some days, you could be reaping the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to return to where you were at your peak. If you find yourself always in the mud it is important be aware that relying solely on instinct and survival is not always enough.
If you’ve experienced occasional losses You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from fellow traders from around the world, which is why we’ve found an option that can help you to improve your performance within the field. We’ll take a look at Profit.ly is a well-known 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profitline
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be informative, transparent, accountable, and encouraging each other through its broad variety of tools and features like chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for traders who are starting out and also as a platform for experienced traders to track their performance through the use of advanced analytics tools. It provides users with a vast range of resources to facilitate trade and communication that help traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries that the site. Consider it a social media site akin like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it makes sure that trades are valid and won’t allow for fraud as much as it is possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been done before.” The idea Sykes said served two objectives: one) making public records for everyone, not just the experts and newsletter writers and students as well as) allowing all users to learn from both losses and wins to the benefit of the trading industry. Profitline
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of tools and services that are geared toward success. It is possible to create an account on the site for free, but you’re limited to the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
Making an account simple: Create an account that includes your personal information and knowledge, then connect your brokerage account, and you’ll be given the chance to climb through the top of 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 as well as its gurus. You’re not just allowed to prove your worth to a large group of traders, but you can also use Profit.ly to buy from a guru with the assurance that you’re confident with their expertise and the credibility of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, then you could decide to share your trades, whether verified or not, by taking photographs. Also included in Profit.ly are a variety of courses in trading, the ability to view stats in a trader’s profile as well as other ways to communicate with your gurus via chatrooms as well as email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for less than $5 per share. Penny stock trading could be viewed as an opportunity for small businesses to transition into a larger market because it allows them to access money from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes is sure to reveal because of his decades of experience.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as trader. At 25 years old Sykes was given greater exposure and an even wider influence over time when he was a part of the reality show “Wall Street Warriors.” He used the opportunity to create trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also played a role in establishing Profit.ly as a place for openness, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have made significant amounts of profit from their combined years of knowledge. Profitline
At its height, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll observe him focus on fundamental stock catalysts and use them to anticipate the next move that is possible when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available to 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 highest-quality version, with an upgraded version of Tim’s Alerts package. At $149.95 monthly, it is a great option for investors who are committed to penny stock trading. Pennystocking Silver offers all the essential features that were included in the previous plan, such as alerts for swing trading and access to a rich collection of more than 7,000 educational videos and new videos released every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both 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 profits. Profitline
The Superman Alerts plan is an offer of the most essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile app, daily market commentary in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base of information provided by Superman himself through his Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. On top of that you’ll also gain access to premium research reports as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership tiers, each designed for traders with different levels. Let’s look at what the three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. When you sign to this plan you’ll be given a slew of robust and vital trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice program is the capability to check the results of your trades and track profit as well as leading, following, and even messaging other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze your trades, sort and filter your trades; and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive 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 interested in have an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package lets you to take advantage of the majority of features available in The Novice package. This plan allows that you are able to create an account that is private to share with other associate users all your knowledge and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to harness their expertise in trading. Although it’s a nice thing, there is one significant element that’s missing. Unlike the previous Novice package, you will not be able to view the statistics of other traders this might be a drawback for those who are looking forward to this tier. Profitline
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. It costs $74.95 per month, which includes a 22% discount for annual billing This plan offers everything. You get full, no-holds-barred access to all the features of the prior plans.
You’re not only able to view other people’s stats and data, but you also have the opportunity to create an individual profile. These two features are in addition to the advantages that you can utilize to the maximum extent. 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 the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly offers a number of other services they provide. One of them is the online store, which allows users to select from a variety of videos that are designed to educate and help you understand 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 the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and other aspects of trading. There are also clips and footage from the Annual Pennystocking Conference, and other products by expert traders.
The integrated chat rooms are as well part of Profit.ly’s array of services and features. You are probably familiar with the chat room since you will see it on social and messaging platforms and also on a few specialty websites that offer live chat support. But on Profit.ly the chat room is viewed as a hands-on space where experts and their members trade and learn in real time. Each guru has their style when it comes to running their chat room and dealing with the members. One of them may be a laid-back person who is less engaged, while another could be more online and communicative with their students. Think of chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock trader types, from novices to experienced professionals. With the variety of deals it can provide this platform definitely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. They will also be enriched with weekly videos and chat room tips from its in-house gurus and their members. They’ll also be able to choose from the items from its online store to carry with them wherever they be. They can also gain hands-on experience trading on the platform, however, they will soon learn that the process is a high stakes game that should not be viewed as an amusing pastime.
For traders who have many years of experience down the line, we see Profit.ly as equally as suitable for them as it is for people who are just beginning. While the newbies may not be as adept at managing trading, the pros already understand how it works and the stack full of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s array of features to their best advantage to develop their skills in trading. As beginners, they are able to study from the gurus as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the fun! People in the trade industry who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders in order to navigate them through the ever-changing trading process. Profitline
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders from all over the world with tons of learning, communication, and trading tools
- You get to be taught by experts and advice from the company’s inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There is truly something for everyone
- Profit.ly’s abundance of packages and services offered could seem overwhelming for the majority of its users
- Since traders can choose to post any kind of trade, there’s an opportunity that some them will profit by cherry-picking the best trades to improve their ratings This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as the premium customers are expected to instantly take advantage of the numerous services that the platform can offer
The Final Concluding Question: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it’s a ‘yes’. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t designed to be used for this reason. Instead, it is best to keep the ability to think with an open heart. Profitline
What we do mean”yes” is that it is a fantastic learning tool. For those who are struggling, they may discover Profit.ly’s range of resources to be helpful when they try their best to incur lesser losses and be more successful than they did before. It’s not only the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you really care about being more successful in trading and would like to learn from your mentors and peers on the way, take a look at Profit.ly. Profit.ly may be a great option to begin.
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries under the My Trade section of the dashboard. It allows you to post your trades, verifiable 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 specified spaces and information.
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is indicated with the small blue check. If you submit it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the possibility of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities in the stock market all over the world.