Stock trading can be a high-stakes game. On certain days, you could have the benefit of positive and satisfying numbers. On other days, however you may experience the opposite and it can be very difficult to get back to the point you were at your peak. If you’re always in the mud it is important to recognize that relying on instinct and survival is not always enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve found an option that can help you in your improvement within the field. We’ll be taking a look at Profit.ly, a well-recognized one-stop 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.
Overall Rating: 4.1/5 Profitly Above All
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be knowledgeable and accountable, as well as 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.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for traders who are just beginning their journey and as a hub 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 that help traders from every field of business connect with each other. It also allows gurus to make worthwhile investments within the confines of this platform. Think of it as an online social media platform similar the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes publication, Sykes stated that Profit.ly was based “on the transparency of every trade, something that has never been prior to.” The concept Sykes said served two goals: 1.) making public records for not just the gurus and newsletter writers and students and secondly) allowing anyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Profitly Above All
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of services and features geared towards achieving the success of their business. You can create an account there for free, but you’re limited to access to the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s offers, which we will discuss in the near future.
Making an account easy: create an account with your experience and expertise, connect your brokerage account, and you have yourself the chance to climb your way to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into their performance as a trading group and its gurus. You’re not just allowed to show value to a community of traders, as you are also able to use Profit.ly to shop from a guru with the assurance that you’re comfortable in their skills and the legitimacy of their assertions.
If you are unsure about the concept of leaking the details of your broker account you can decide to share your trades, whether verified or not, via photographs. Also included in Profit.ly are a variety of trading classes, the ability to view the stats of a trader’s account, and more ways to interact with your experts via chatrooms in addition to 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 trader who is well-known for his involvement in penny stock trading. According to Investopedia Penny stock refers to a small company’s stock which trades at just less than 5 cents per share. Penny stock trading is an avenue for small-scale businesses to make the transition to a market that is larger as they can access money from the 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 expertise.
Beginning in his late years in High School, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as trading professional. When he was 25 years old, he had been given greater exposure and an even wider impact as a participant in the reality series “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place of transparency and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning sources, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to the experts in trading who have earned substantial profits from their collective years of expertise. Profitly Above All
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who 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 the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you will see him focus on the basic stock catalysts and employ them to predict the next moves that could occur when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS and Android devices, as well as email, text, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. Priced at $149.95 monthly, this is a great option for investors who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features of prior plans, such as alerts for swing trading and access to a rich library of over 7,000 educational videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Profitly Above All
The Superman Alerts package is his package of vital features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile app, daily market commentary in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge that is provided by Superman himself through the Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. Additionally you’ll also have an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to help you up and running. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s take a look at what these three are and how much they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. When you sign up for this plan you’ll be offered a range of strong and indispensable trading tools, all of which is essential to keep your fingers on what we could call a ruthless procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following and even chatting with your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, and filter your trades and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, which makes your actions public. If you’re interested in gain access to this feature, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader plan allows users to benefit from a majority of features from the Novice plan. It is in this plan that you are able to create an individual profile that allows you to share with other associate users all your knowledge and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to develop their trading skills. While it’s nice however, there’s a crucial feature that is missing. As opposed to the prior Novice package, you won’t be able to see other traders’ statistics, which could be a disadvantage for those who are anticipating this level. Profitly Above All
The Pro plan is the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 per month, with a 22% discount for annual billing, this tier has it all. It gives you full, unlimited access to all features of the prior plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the chance to create an individual profile. Both of these options, in addition to the advantages you’ll be able to use to the maximum extent. If you’re looking for an account that will give you with everything you require as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly offers a number of other services they offer. One of those is its online store, which allows users to select from a variety of video products that are designed to educate and guide you through the ins and outs of trading. All of the products featured on this page 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 trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and all other related to trading, videos 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 services and features. You are probably familiar with chat rooms since you can find it throughout messaging and social platforms, in addition to a few special websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a hands-on area where experts and members trade and learn in real time. Every guru has their own way in running their chat rooms and dealing with the members. One might be laid back and rarely active, while another may be more interactive and online with their students. Think of the chat rooms as Profit.ly’s version of the forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, ranging from novices to the most experienced. Considering the number of offers it has to offer it is certain to have something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. They will also be provided with videos every week and chat room tips from its in-house gurus and their members. Additionally, they can choose from the items from its online store for them to take wherever they be. Additionally, they can gain practical experience trading on the platform, but eventually they’ll be able to realize that this is a high stakes game that shouldn’t be treated as a joke.
For traders who have decades of experience in the line, we believe Profit.ly equally suited for them as it is for those who are just starting. While the newbies may not be as well-equipped with managing trading but the experts already know the way it functions and the plethora of risks that it carries. Ideally, they may utilize Profit.ly’s array of features to their full advantage to improve their trading abilities. As beginners, they are able to learn from the top experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the excitement! Those in the trading industry who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to help navigate them through the ever-changing trading process. Profitly Above All
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You get to receive excellent training and insights from its internal experts, which include libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates – there truly is something for all
- Profit.ly’s abundance of packages and services offered could not be enough for a lot of its users
- If traders decide to post any kind of trade, there’s the possibility that some of them may take advantage by picking the most profitable trades to boost their rating – this may be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as the premium customers will immediately take advantage of the numerous services that the platform can provide
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The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t designed to be used for this reason. Instead, you need to have curiosity. Profitly Above All
What we do mean”yes” is it could be a useful learning tool. For those who are struggling, they may be able to find Profit.ly’s variety of resources helpful as they do their best to reduce 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 in the field!
If you really desire to be a better trader and want to learn from your fellows and gurus along the way, then look no further – Profit.ly could be a good alternative to start.
FAQ Profitly Above All
How do you use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion in the ‘My Trade category on the dashboard which lets you record your trades that are verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there is a high probability that it’s verifiable. This is shown by the blue check mark. If you post it manually or through screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthentic trade is the chance of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities in the stock market left and right.