Stock trading can be a high-stakes game. On some days, you might have the benefit of pleasing and positive numbers. On other days you may experience the opposite, and it may sometimes be very difficult to return to where you were at your best. If you’re always in the mud it is important to realize that relying on your instincts and preserving may not always be enough.
If you’ve experienced losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the globe, which is why we’ve identified an option that can help you in your improvement within the field. This review will be taking a 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.
Overall Rating: 4.1/5 Profitly Across The Market
Users 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 uplifting with each other through its broad array of tools and features such as trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for those new to trading and also as a platform for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Offering users a broad range of resources for trade and communication, it helps traders from all walks of life connect with one another. It offers gurus with worthy investments within the boundaries of this platform. Consider it a social media site akin to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it makes sure that transactions are legitimate and will not allow for fraud as much as it is possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing every trade, something that was never previously done.” This idea was, he said, serving two goals: 1.) making public records for all traders, not just the gurus and newsletter authors and students as well as) making it possible for anyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Profitly Across The Market
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of tools and services that are geared toward achievement. You can create an account for free, but you’re limited to access to the leaderboards and monitor the activities of non-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 join one of Profit.ly’s offers, which we will go over shortly.
Making an account simple: Create a profile with your experiences and skills, join to your brokerage account and you have yourself a chance to shoot through at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a look at their performance as a trading group as well as its gurus. It’s not just a way to show your worth to a community of traders, as you are also able to use Profit.ly to buy from a guru with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you are unsure about the idea of divulging your brokerage account, you can decide to share your trades, verified or not, by taking pictures. Also included 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 connect with your gurus in the chatroom, along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his involvement in penny stock trading. According to Investopedia the term “penny stock” is a small business’s shares that trade for less than $5 per share. The penny stock market could be viewed as an opportunity for small-scale businesses to make the transition to a large marketplace as it allows them to access money from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes can surely tell because of his decades of experience.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, made an estimated $6 million profit during his long and successful career as trader. At the age of 25 Tim Sykes had received greater exposure and a larger impact when he was a part of the reality series “Wall Street Warriors.” He then took advantage of it to establish trading rooms as well as penny stock themes and educational material aimed at those who are new to the trading field. He also played a role in establishing Profit.ly as a place for openness, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning tools, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the experts in trading who have made substantial amounts of money through their years of experience. Profitly Across The Market
At its height, Profit.ly had housed up to five gurus. Each of them a pro within their particular field within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, however, only two gurus remain on the platform: the founder as well as 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 can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when trading.
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; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. At $149.95 for a month it is an ideal plan for those who are more involved in penny stock trading. Pennystocking Silver includes all the basic features that were included in the previous plan, which includes swing trading alerts and unlimited access to a 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 alias “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Profitly Across The Market
The Superman Alerts package is his package of vital features and trading alerts targeted to those interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile app, daily market updates in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base of information provided by Superman himself, via his Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. In addition you’ll also have an access to high-quality research papers as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and leave your mark on the field, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership tiers that are designed to accommodate traders at 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 beginning-of-the-line plan specifically for people who are brand new to the trading community. Once you have signed up for this package, you will be immediately given a slew of robust and vital trading tools, all of them integral in keeping your hands on what we call a competitive procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice package is the ability to verify trades and track profits and follow-up, leading, and even messaging your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze, 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. You aren’t able to create a personal account, making your personal information public. If you’re interested in get an account with this option, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package allows you to use the majority of features available in the novice plan. In this plan, that you can create an individual profile that allows you to share with fellow associate users all the insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to harness their expertise in trading. As nice as it seems however, there’s a crucial element that’s missing. As opposed to the prior Novice package, this one won’t be able to view other traders’ statistics, which could be a disadvantage for some who may be looking forward to this tier. Profitly Across The Market
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. At $74.95 each month which includes 22% off for billing annually This plan offers everything. It gives you full, unlimited access to all features from the two previous plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the chance to create a private profile. These two features are plus the other advantages that you can utilize to their fullest capacity. 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
In addition to the tools for training and leaderboards, Profit.ly offers a number of more services it has to provide. One of these is its online store, which lets users select from a variety of instructional videos that are that are designed to educate and help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and other related to trading, videos and clips of events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of features and services. You are 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 support. However, in Profit.ly, it is seen as a real-time space where experts and their member traders can communicate and share knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members. One might be laid back and not very often engaged, while another could be more online and communicative to their pupils. Think of chat rooms like 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 cater to a large variety of stock trader types, from novices to experienced professionals. Considering the number of offers it offers this platform definitely has something for every person.
For instance, newbies will appreciate Profit.ly’s collection of educational content offered throughout the platform. In addition, they will get daily videos and chat room advice by its internal gurus and their members. Additionally, they can pick from the merchandise available in its online store that they can take with them wherever they travel. 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 an amusing pastime.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suited to the newcomers. While novice traders may not be as adept at handling trading matters however, experienced traders know how it works and the plethora of risks associated with it. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to develop their skills in trading. Like novices, they can learn from the top experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the fun! Those in the trading industry who are on similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to help assist them in the ever-changing trading process. Profitly Across The Market
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, communication, and trading tools
- You get to receive excellent training and insights from its internal experts, which include libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking images
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s numerous packages and services offered could be too much 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 picking the most profitable trades to increase the rating – this may be a concern that should not be simply overlooked
- Profit.ly does not offer refunds as its premium users are expected to instantly benefit from the number of services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it would be yes. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t designed to be used in this way. Instead, you should have curiosity. Profitly Across The Market
What we are referring to”yes” is that it is a fantastic learning tool. People who are stuck may be able to find Profit.ly’s variety of resources helpful when they try their best to avoid 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!
So, if you genuinely care about being better at trading and wish to be taught by your mentors and peers throughout the process, then look no further – Profit.ly may be a great alternative to start.
FAQ Profitly Across The Market
What are the best ways to use Profit.ly to post your trades?
Profit.ly has a trade entry portion in the ‘My Trade section of the dashboard which allows you to post your trades, either verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot 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 a high probability that it’s verifiable. This is shown by the blue check mark. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just looking to earn maximum profits but also help each other learn and improve in acquiring opportunities on the stock market both right and left.