Stock trading is a high-stakes game. On some days, you might be reaping the benefits of pleasing and positive numbers. However, on other days you may experience the opposite, and it may sometimes be very difficult to get back to where you were at your peak. If you find yourself always in the mud it is important be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve experienced loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe, which is why we’ve discovered an online platform that will help you in your growth within the field. This review will be taking an in-depth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profitly About Us
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of all levels to be informed and accountable, as well as transparent and to build relationships with one another through its wide array of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for those new to trading as well as a place for experienced traders to track their performance with the help of sophisticated analytics tools. Offering users a broad range of resources for communication and trade that help traders from all walks of life connect with each other. It also allows gurus to make an opportunity to invest in the right areas of the platform. Think of it as the social media equivalent to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes said that Profit.ly was based “on showing the entire spectrum of trades, something which was never previously done.” This idea Sykes said served two purposes: 1) keeping track of public data for everyone, not just the experts as well as newsletter authors and students as well as) making it possible for anyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Profitly About Us
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of services and features geared at achieving success. You may set up an account there at no cost, however you’re only limited to having the capability to browse the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s offers, which we will discuss in the near future.
Setting up an account is easy: create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll be given an opportunity to make through at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a glimpse of the performance of the trading community as well as its gurus. It’s not only a chance to demonstrate that you’re worthy to the large group of traders, but you are also able to use Profit.ly to purchase with a professional with the assurance that you’re comfortable in their skills and the credibility of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you can choose to publish your trades, either verified or not, by taking photographs. Included in Profit.ly are the vast number of trading classes as well as the ability to look at statistics on a person’s profile as well as other ways to connect with your gurus in the chatroom, 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 guru who is famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” is a small business’s shares that trade for under $5 for each share. Penny stock trading is an opportunity for small companies to move to a market that is larger as they can access funds from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes will be able to tell you through his many years of experience.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned an estimated $6 million profits through his lengthy career as trading professional. At 25 years old Sykes was given greater exposure and a larger impact when he was a part of the reality TV show “Wall Street Warriors.” He made use of the show to create trading rooms as well as penny stock themes and educational content geared toward people who are brand new to trading. He also played a role in establishing Profit.ly as a place for openness, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have earned substantial amounts of money through their years of expertise. Profitly About Us
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, 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. When we take that into account Let’s look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you will observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS as well as 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 that has been upgraded of the Tim’s Alerts package. At $149.95 monthly, it is an ideal plan for those who are committed to penny stock trading. Pennystocking Silver offers all the essential features that were included in prior plans, such as alerts for swing trading and access to an extensive library of more than 7,000 instructional videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly About Us
The Superman Alerts plan is his offer of the most essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist along with the mobile app, the daily market commentary in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge that is provided by Superman himself, via his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. In addition you’ll also have access to premium research reports as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to get you started. The platform has three membership tiers that cater to traders with different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. When you sign up for this plan, you will be immediately provided with a variety of powerful and essential trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat process by itself.
Among the list of things you can do using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following, and even messaging your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze your trades, sort as well as filter trades; and lastly, look at other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing just by the price, there is a downside. It isn’t possible to create a private profile, thus making your personal information public. If you do want to have access to this feature, be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader plan allows you to use the majority of features available in the Novice plan. In this plan, that you can set up a private profile for sharing with fellow associate users all your knowledge and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to improve their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. In contrast to the Novice package, this one won’t be able to view the statistics of other traders, which could be a problem for some who may be eager to try this new tier. Profitly About Us
Pro Plan
This is by far the most luxurious package Profit.ly offers to experienced traders. It costs $74.95 per month, with an additional 22% discount for annual billing, this tier has everything. It gives you full, unlimited access to all features of the prior plans.
Not only do you get to see other users’ stats, but you’re also given the option of creating a private profile. Both of these options, on top of all the benefits that you can use to the fullest potential. If you’re in search of a plan that can serve you with everything you require as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly has a few other services they offer. One of these is its online store, which lets users select from a variety of instructional videos that are created to provide guidance on the ins and outs of trading. The products listed on this page of the website can be purchased immediately for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and other aspects of trading. There are also clips and clips from the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s array of features and services. You are probably familiar with the concept of chat rooms since you can see it across social and messaging platforms as well as some specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members. One of them may be more laid back and less active, while another might be more interactive and online with their students. Think of the chat rooms like Profit.ly’s version of the forum, in 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 traders, ranging from beginners to experienced pros. With the variety of deals it can provide, the platform surely has something for everyone.
Newbies, for instance, will appreciate Profit.ly’s library of learning information available on the platform. Not only will they be enriched with weekly videos and chat room tips by its internal gurus as well as their members. Additionally, they can pick from the merchandise available on its store online for them to take wherever they go. You can also get hands-on experiences by trading through the platform, but ultimately they’ll realize that the process is a risky game that shouldn’t be treated as a joke.
For the traders with many years of experience down the road, we consider Profit.ly equally suitable for them as it is for the newcomers. Although the novices might not be as well-equipped with 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 options to their maximum advantage to develop their trading abilities. Like beginners, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the excitement! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to navigate them through the ever-changing trading process. Profitly About Us
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders across the globe with tons of learning tools, communication, and trading tools
- You get to be taught by experts and insights from its internal experts, which include collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There’s something for all
The Cons
- Profit.ly’s numerous packages and services offered could not be enough for most of its users
- If traders decide 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 risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as the premium customers are expected to instantly benefit from the many services the platform has to offer
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The Final Verdict: Is Profit.ly Valued?
If we were able to come up with the answer, it’s yes. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally meant to be designed in this way. Instead, you should have the ability to think with an open heart. Profitly About Us
What we mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck could discover Profit.ly’s range of resources to be helpful when they try their best to avoid losses and perform better than before. It’s not just the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely care about being more successful in trading and would like to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Profitly About Us
How can you make use of Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the ‘My Trade’ category of the dashboard that lets you record your trades, either verified or otherwise. You may choose between three options:
- 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 transactions
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there is the probability that it’s verifiable. This is indicated with the small blue check. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The disadvantage of an unverified trade is the chance of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, which is where the public can see who’s 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 as well as the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market both right and left.
