Stock trading can be an extremely risky game. Some days, you could enjoy the benefits of pleasing and positive numbers. On other days, the opposite may happen and it could be extremely difficult to get back to where you were your best. If you’re immersed in the water You will need to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the world, which is why we’ve identified a platform that can support you in your growth in the market. This review will take an in-depth look at Profit.ly is a well-known 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 Amid The Money
User Experience: 4.5/5
Profit.ly is an online trading platform that allows traders of different levels to be knowledgeable, transparent, accountable, and to build relationships with one another through its wide range of features and tools including chat rooms, trade verification, 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 training platform for those new to trading and as a hub for experienced traders to track their performance with the help of advanced analytics tools. Providing users with a wide variety of tools for trade and communication that help traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines of the platform. Think of it as the social media equivalent to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are valid and won’t accept fake news as long as possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been previously done.” This idea Sykes said served two objectives: one) making public records for not just the gurus as well as newsletter authors and students and secondly) allowing everyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Profitly Amid The Money
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of services and features geared toward the success of their business. It is possible to create 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 ready to invest your money in order to find out which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offerings that we’ll discuss in the near future.
Setting up an account is easy: create an account with your experience and knowledge, then connect to your brokerage account and you’ll be given an opportunity to make your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users an insight into their performance as a trading group as well as its experts. You’re not just allowed to show that you’re worthy to the group of traders, but you are also able to use Profit.ly to buy with a guru, and have the confidence that you are confident of their knowledge and the credibility of their assertions.
If you feel uneasy with the idea of divulging your brokerage account, you may choose to publish your trades, whether verified or not, via pictures. In Profit.ly are a variety of courses in trading as well as the ability to look at stats in a trader’s profile as well as other ways to interact with your experts in the chatroom, along with email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his efforts in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. The penny stock market is a stepping stone for small-scale businesses to make the transition to a market that is larger as it gives them access to funds from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes will be able to tell you thanks to his years of expertise.
Beginning in his late years in the high schools, Tim Sykes has, since then, earned an estimated $6 million profits through his lengthy career as trader. At 25 years old, he had been given more exposure and a wider reach of influence when he became 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 content geared toward people who are brand new to trading. He also played a role in establishing Profit.ly as a place for transparency, 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 vast array of learning tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the trading experts who have proven to make substantial profits through their years of expertise. Profitly Amid The Money
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their niche within the world 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, there are only two gurus who remain on this 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 take a look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll be able to 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 available for 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 version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month this is the perfect plan for those who are involved in the penny-stock market. Pennystocking Silver includes all the basic features that were included in the previous plan, such as alerts for swing trading and access to a collection of more than 7,000 educational videos that are updated every week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Profitly Amid The Money
The Superman Alerts plan is his package of vital features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket and the mobile application, daily market commentary in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base that is provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. In addition you’ll also gain access to premium research reports and the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to get you going. The platform offers three membership levels, each designed for traders at different levels. Let’s break down what these three levels are and what they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. Once you have signed to this plan you’ll be offered a range of strong and essential trading tools, all one of them essential in keeping your fingers on what could call a ruthless 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 as well as leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards; analyze, sort, as well as filter trades; and, finally, see other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive just by the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your actions public. If you do want to get an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to take advantage of a majority of features from the novice plan. In this plan, that you are able to create a private profile for sharing with fellow associates all your insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to improve their skills in trading. While it’s nice but there’s one important element that’s missing. Unlike the previous Novice package, this one won’t be able to view other traders’ statistics this could be a disadvantage for those looking forward to this tier. Profitly Amid The Money
The Professional plan can be described as the most premium package that Profit.ly could offer for seasoned traders. At $74.95 per month, and a 22% discount for billing annually, this tier has everything. It gives you full, unlimited access to all options of the prior plans.
Not only do you get to view other people’s stats and data, but you also have the chance to create your own private profile. Both of these options, in addition to the benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve all the features you need to be an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly offers a number of more services it has to provide. One of those is its online store, which allows users to choose from a wide array of videos designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers,” 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, and other aspects of trading. There are also clips and scenes taken from the Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are as well part of Profit.ly’s variety of services and features. You are probably familiar with the concept of the chat room since you will see it on social and messaging platforms in addition to a few special websites that provide live chat assistance. However, in Profit.ly it’s seen as a space where experts and their member traders can communicate and share knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members. One might be laid back and less active, while another might be more active and in touch with their students. Consider chat rooms as Profit.ly’s version of the forum in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, ranging from novices to experienced professionals. Given the wide range of options it can provide this platform definitely has something for every person.
For instance, newbies can take advantage of Profit.ly’s knowledge-based materials available across the platform. Not only will they be enriched with weekly videos and chat room tips from its in-house gurus and members. Additionally, they can choose from the items in its online store to carry with them wherever they may be. Additionally, they can gain practical experiences by trading through the platform, but ultimately, they will soon learn that the process is a high stakes game that shouldn’t be taken as an amusing pastime.
For the traders with decades of experience in the road, we consider Profit.ly equally suitable to those who are just starting. While the newbies may not be as proficient in managing trading but the experts already know the way it functions and the risky mix associated with it. Ideally, they may utilize Profit.ly’s range of features to their full advantage to develop their trading skills. As beginners, they are able to learn from the experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the excitement! People in the trade industry who are on the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to help guide them through the ever-illustrious trading process. Profitly Amid The Money
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You’ll be taught by experts and advice from the company’s in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There’s something for all
- Profit.ly’s bountiful stream of packages and products offered may not be enough for most of its users
- Since traders can choose to post any kind of trade, there is the possibility that some of them will profit by picking the most profitable trades to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly does not accept refunds because the premium customers are expected to immediately benefit from the many services the platform has to provide
The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could come up with the answer, it would be yes. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t intended to be created to achieve this goal. Instead, you should have an open mind. Profitly Amid The Money
What we do mean”yes” is that it could be a useful learning tool. For those who are struggling, they may discover Profit.ly’s variety of resources useful as they do their best to avoid losses and be more successful than before. Not only struggling traders who will benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be more successful in trading and would like to be taught by your mentors and peers on the way, look no further – Profit.ly may be a great option to begin.
FAQ Profitly Amid The Money
How can you make use of Profit.ly to make your trades public?
Profit.ly offers an entry section for trades in the ‘My Trade’ category of the dashboard which lets you record your trades, verifiable or otherwise. There are three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is evident by the blue check mark. If you post the information manually or via pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the possibility of getting downvotes from your friends and colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of stock market opportunities left and right.