The stock market can be an exciting game with high stakes. On certain days, you might be reaping the benefits of pleasing and positive numbers. However, on other days, the opposite may happen and it can be very difficult to get back to the point you were at your best. If you are immersed in the water it is important to recognize that relying on your instincts and preserving may not always be enough.
If you’ve suffered losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the world, which is why we’ve found an online platform that will help you in your improvement in the market. We’ll take 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 Profitly Along Line
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other through its broad variety of tools and features including chat rooms, trade verification and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for people who are starting out and also as a platform for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Offering users a broad range of resources for trade and communication and letting traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas that the site. Imagine it as a social media site akin to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are authentic and won’t allow for fraud as much as possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that has never been done before.” This idea, he added, served two purposes: 1) creating public track records for all traders, not just the gurus, but also the students and newsletter writers and secondly) giving anyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. Profitly Along Line
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of features and services aimed towards achieving success. You may set up an account on the site at no cost, however you’re only limited to having the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s offers, which we will go over shortly.
Setting up an account is easy: create a profile with your experiences and skills, join to your brokerage account, and you’ll be given an opportunity to make through the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a look at how the community of traders performs as well as its experts. It’s not just a way to show that you’re worthy to the community of traders. You are also able to use Profit.ly to buy with a professional with the assurance that you’re confident with their expertise and the veracity of their assertions.
If you’re not comfortable with the idea of divulging your brokerage account, you can decide to share your trades, verified or otherwise, through photographs. Included in Profit.ly are the vast number of trading courses as well as the ability to look at statistics on a person’s profile, and more ways to connect with your gurus through the chatroom along with text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for delving his hands into penny stock trading. According to Investopedia Penny stock is a small business’s stock that trades for under $5 for each share. The penny stock market can be seen as an opportunity for small companies to move into a larger market because it gives them access to money from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned an estimated $6 million profit through his lengthy career as trading professional. At the age of 25 Sykes was given greater exposure and an even wider reach of influence when he became part of the reality series “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also played a role in establishing Profit.ly as a platform 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 amazing features is the wide range of learning tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have earned significant amounts of profit from their collective years of experience. Profitly Along Line
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you will see him focus on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS as well as 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 premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 per month, it is an ideal plan for investors who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features found in the previous plan, which includes swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos that are updated each week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has 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 Along Line
The Superman Alerts plan is an package of vital features and trading alerts targeted to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile application, daily market commentary shown in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base that is provided by Superman himself through his Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. Additionally you’ll also have the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of tools to get you going. The platform offers three membership levels that cater to traders with different levels. Let’s look at what the three are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. When you sign to this plan, you will be immediately offered a range of strong and vital trading tools, all of them integral in keeping your hands on what we call a competitive process by itself.
Among the list of things you can do with Profit.ly’s Novice program is the capability to check trades and track profits and follow-up, leading and even texting 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, finally, see other’s stats.
The Novice plan costs $29.95 per month. Although it looks attractive just by the price, there is a downside. You aren’t able to create a personal profile, thus making your personal information public. If you’re looking to get an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader plan allows users to benefit from the majority of features available in The Novice package. It is in this plan that you can set up a private profile to share with fellow associate users all your knowledge and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to develop their skills in trading. Although it’s a nice thing but there’s one important element that’s missing. Unlike the previous Novice package, this one won’t be able view the statistics of other traders, which could be a disadvantage for some who may be anticipating this level. Profitly Along Line
This is by far the most expensive plan Profit.ly can offer to experienced traders. With $74.95 monthly, which includes an additional 22% discount for billing annually This plan offers it all. It gives you full, unlimited access to all options of the previous plans combined.
In addition, you’ll be able to see other users’ stats and data, but you also have the option of creating your own private profile. Both of these options, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re in search of an account that will give you everything you need as trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly offers a number of more services it has to offer. One of these is its online store, which allows users to choose from a wide array of video products created to help you understand the nuances and pitfalls of trading. The products listed on this page of the site can be immediately purchased for personal use. Some of these include bestsellers like the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all related to trading, videos and scenes taken from the Annual Pennystocking Conference, and other products by expert traders.
The integrated chat rooms are also part of Profit.ly’s range of features and services. You’re probably familiar with the chat room as you can see it across social and messaging platforms in addition to a few special websites that provide live chat support. However, in Profit.ly it’s seen as a real-time place where gurus and their members trade and learn 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 more laid back and rarely engaged, while another could be more active and in touch to their pupils. Think of the chat rooms like Profit.ly’s version of the forum in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, ranging from novices to the most experienced. Considering the number of offers it has to offer this platform definitely has something for everyone.
For instance, newbies will appreciate Profit.ly’s library of learning materials available across the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. They’ll also be able to pick from the merchandise available on its store online for them to take wherever they be. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll realize that trading is a risky game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we see Profit.ly as equally as suitable to them as those who are just starting. While the newbies may not be as proficient in dealing with trading issues, the pros already understand how it works along with the plethora of risks associated with it. It is ideal to utilize Profit.ly’s range of options to their maximum advantage to develop their skills in trading. Like novices, they can learn from the experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the enjoyment! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to help assist them in the ever-changing trading process. Profitly Along Line
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There’s something for all
- Profit.ly’s numerous packages and services offered could not be enough for a lot of its customers
- As traders may opt to post any kind 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 concern that should not be 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 come up with an appropriate answer for this query, it would be yes. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always designed to be used to achieve this goal. Instead, you need to have an open mind. Profitly Along Line
What we are referring to”yes” is it is a fantastic learning tool. Those who may be stuck may be able to find Profit.ly’s variety of resources useful as they do their best to incur lesser losses and be more successful than they did before. It’s not only the struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
If you really desire to be better at trading and wish to be taught by your mentors and peers along the way, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Profitly Along Line
How do you use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries in the ‘My Trade’ category of the dashboard which lets you record your trades that are verified or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Take a photo of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s an excellent likelihood that it can be verified. This is shown by the small blue check. If you submit it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unauthentic trade is the possibility of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just seeking to make the most profit but also help each other learn and improve in acquiring stock market opportunities both right and left.