Stock trading is a high-stakes game. On certain days, you might be reaping the benefits of positive and satisfactory numbers. However, on other days it could be the reverse and it can be extremely difficult to get back to the point you were at your most productive. If you find yourself constantly stuck in the gutter, you will have be aware that relying solely on your instincts and preserving might not be enough.
If you’ve suffered loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe. That’s why we’ve identified an option that can help you in your improvement in the market. This review will be taking an in-depth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitlion
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of different levels to be informed responsible, transparent, and encouraging each other by offering a wide array of tools and features including trade verification, chat rooms, and an enriched 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 new to trading and also as a platform for traders with experience to keep track of their performance using the aid of advanced analytics tools. Offering users a broad array of options to facilitate trade and communication that help traders from all walks of life network with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Consider it an online social media platform similar like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The trading platform is built on honesty and transparency: it ensures that the trades are valid and won’t accept fake news as long as is humanly possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that was never done before.” The idea Sykes said served two goals: 1.) creating public track records for not just the gurus, but also the newsletter writers and students, and 2) allowing all users to learn from both losses and wins for the trading industry’s benefit. Profitlion
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of services and features geared towards achieving achievement. You may set up an account there at no cost, however you’re limited to the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s offerings that we’ll go over shortly.
Making an account easy: create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll have the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users an insight into the performance of the trading community as well as its gurus. It’s not only a chance to demonstrate your worth to a community of traders, as you are also able to use Profit.ly to shop with a professional with the assurance that you’re confident of their knowledge and the credibility of their claims.
If you feel uneasy with the idea of divulging your brokerage account, then you could decide to share your trades, verified or not, via screenshots. Included in Profit.ly is the huge selection of courses in trading, the ability to view statistics on a person’s profile and other methods to interact with your experts via chatrooms as well as notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for under $5 for each share. The trading of penny stocks could be viewed as an avenue for small businesses to transition into a larger market because it allows them to access funds from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as a trader. At the age of 25 Sykes was given greater exposure and an even wider impact when he was a part of the reality TV show “Wall Street Warriors.” He then made use of the show to establish trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place of transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have earned significant amounts of profit from their combined years of experience. Profitlion
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, only two gurus remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s 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 premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 monthly, this is a great option for those who are more involved in penny stock trading. Pennystocking Silver comes with all the standard features found in prior plans, including swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Profitlion
The Superman Alerts plan is an package of vital features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access daily premarket stock watchlist as well as the mobile app, daily market updates in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base provided by Superman himself via his Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. On top of that, you’ll also get the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet 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 with different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. Once you have signed up for this plan you’ll be given a slew of robust and vital trading tools, each one of them essential in keeping your hands on what we call a competitive process in and of itself.
The list of features you can do using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging other traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze, sort, and filter your trades; and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price, there is a downside. You can’t create a private account, making your actions public. If you’re looking to 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 plan. This plan allows that you are able to create an account that is private to share with other associate users all your knowledge and information you have gained from this trading group.
Costing $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. Unlike the previous Novice package, you will not be able view other traders’ statistics this could be a problem for some who may be eager to try this new tier. Profitlion
This is by far the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 each month with an additional 22% discount for billing annually the Pro plan has it all. You will have full, unrestricted access to all options of the previous plans combined.
You’re not only able to view other people’s stats as well, you’re also offered the option of creating your own private profile. These two features are in addition to the benefits that you can use to the maximum extent. If you’re looking for an account that will give you everything you need as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly has a few other services they offer. One of these is its online store, which lets users choose from a wide array of videos created to provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the website can be bought immediately for your personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other related to trading, videos and scenes of the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of services and features. You’re probably familiar with the concept of the chat room as you will see it on social and messaging platforms, and also on a few specialty websites that offer live chat assistance. But on Profit.ly it’s seen as a area where experts and members can interact and exchange knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members. One might be a laid-back person who is not very often active, while another may be more interactive and online in their interactions with students. Think of the chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock trader types, from novices to experienced professionals. Considering the number of offers it offers, the platform surely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. In addition, they will get daily videos and chat room advice from the in-house experts and members. They’ll also be able to select from the products on its store online for them to take wherever they may go. They can also gain hands-on experience trading on the platform, however, they will soon learn that this is a high stakes game that should not be viewed as a joke.
For the traders with decades of experience in the line, we believe Profit.ly as equally as suitable to the newcomers. While the newbies may not be as adept at dealing with trading issues, the pros already understand the way it functions and the plethora of risks associated with it. Ideally, they may make use of Profit.ly’s array of options to their maximum advantage to enhance their trading abilities. Like beginners, they can learn from the top experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the fun! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to help navigate them through the ever-changing trading process. Profitlion
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with a wealth of education communications, trading, and communication tools
- You’ll be provided with excellent lessons and advice from the company’s inside experts, as well as libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices 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 post any kind of trade, there is the possibility that some of them could profit from selecting the best trades in order to increase the rating – this may be a concern that should not be ignored.
- Profit.ly will not allow refunds, as the premium customers will immediately benefit from the number of services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always intended to be created for this reason. Instead, you need to have an open mind. Profitlion
What we do mean”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 in their efforts to reduce losses and perform better than they did before. It’s not just the poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
If you really desire to be a better trader and want to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
How do you use Profit.ly to publish your trades?
Profit.ly has a trade entry portion in the ‘My Trade’ category of the dashboard which lets you record your trades, verifiable or not. There are three options:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s a high probability that it’s verifiable. This is evident by the small blue check. If you post it manually or through pictures, it will be classified as unverified.
The drawback of posting an unverified trade is the risk of receiving downvotes from friends and colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market all over the world.