Stock trading is an extremely risky game. Some days, you might be reaping the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite and it can be very difficult to return to where you were at your peak. If you are immersed in the water, you will have to realize that relying on your instincts and preserving might not be enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe. That’s why we’ve identified an online platform that will help you in your growth in the market. In this review, we’ll be taking a look at Profit.ly, a well-recognized 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 And Steven Dux
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of different levels to be informed and accountable, as well as transparent and to build relationships with one another through its wide variety of tools and features such as chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for traders who are starting out and also as a platform for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Offering users a broad array of options for trade and communication that help traders from all walks of life connect with each other. It also allows gurus to make worthy investments within the boundaries of this platform. Imagine it as the social media equivalent to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine Sykes declared that Profit.ly was based “on showing all trades, something that was never previously done.” The concept was, he said, serving two purposes: 1) creating public track records for not just the gurus, but also the students and newsletter writers and secondly) making it possible for anyone on the platform to learn from the losses and wins for the trading industry’s benefit. Profitly And Steven Dux
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of services and features geared toward the success of their business. You can create an account there at no cost, however you’re only given the capability to browse the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offers, which we will review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and skills, join to your brokerage account, and you’ll be given a chance to shoot your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a glimpse of their performance as a trading group and its gurus. You’re not just allowed to demonstrate value to a group of traders, as you can also utilize Profit.ly to shop with a professional with the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, then you could choose to publish your trades, whether verified or not, by taking photographs. Included in Profit.ly are the vast number of trading courses and the capability to see statistics on a person’s profile and other methods to connect with your gurus in the chatroom, in addition to email and text alerts 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 delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at under $5 for each share. The penny stock market could be viewed as an opportunity for small-scale businesses to make the transition to a large marketplace as they can access money from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell through his many years of expertise.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, made an estimated $6 million earnings through his lengthy career as trading professional. At 25 years old Sykes was given greater exposure and an even wider impact when he was a part of the reality TV show “Wall Street Warriors.” He then 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 the trading field. He also helped establish Profit.ly as a place of transparency and to allow the community to rise 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 sources, trade alerts and other helpful stuff provided by the company’s internal gurus. These gurus refer to experts in the field of trading who have made substantial profits from their combined years of knowledge. Profitly And Steven Dux
At its peak, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 per month, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS as well as Android devices; text, e-mail and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, this is an ideal plan for those who are committed to the penny-stock market. Pennystocking Silver offers all the essential features that were included in earlier plans such as swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos that are updated each 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 both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Profitly And Steven Dux
The Superman Alerts package is his offer of the most essential features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get access to the daily premarket stock watchlist and the mobile app, the daily market commentary in real-time, as well as 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 a knowledgeable base that is provided by Superman himself through his Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. Additionally you’ll also gain the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership tiers that cater to traders of different levels. Let’s break down 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 people who are brand new to the trading community. Once you have signed up for this package you’ll be provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit and follow-up, leading and even texting other 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, finally, see other people’s statistics.
The Novice plan costs $29.95 per month. Although it might look appealing simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your actions public. If you’re looking to have an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader package allows users to benefit from the majority of features available in the novice plan. It is in this plan that you can set up an account that is private to share with other associates all your insights and knowledge you gain from this trading group.
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. Although it’s a nice thing but there’s one important feature that is missing. As opposed to the prior Novice package, you won’t be able view the statistics of other traders that could be a disadvantage for some who may be eager to try this new tier. Profitly And Steven Dux
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. It costs $74.95 per month, and 22% off when billed annually, this tier has it all. You get full, no-holds-barred access to all options of the previous plans combined.
Not only do you get to view other people’s stats and data, but you also have the option of creating an individual profile. Both of these options, on top of all the advantages that you can utilize to the maximum extent. If you’re looking for a plan that can serve all the features you need to be a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly offers a number of additional services that it can offer. One of these is its online store, which allows users to pick from a range of video products that are designed to educate and guide you through the nuances and pitfalls of trading. The products listed 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 specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and all other things trading-related, clips and footage of events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of services and features. You are probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, and also on a few specialty websites that offer live chat support. However, in Profit.ly it’s seen as a real-time place where gurus and their member traders can communicate and learn in real time. Every guru has their own style in running their chat rooms and in dealing with the members there. Some may be more laid back and rarely active, while another may be more online and communicative with their students. Think of the chat rooms as Profit.ly’s version of a forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock trader types, from novices to experienced professionals. Considering the number of offers it has to offer it is certain to have something for all.
Beginners, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. In addition, they will be provided with videos every week and chat room tips from the in-house experts and their members. They’ll also be able to choose from the items in its online store to carry with them wherever they may travel. Additionally, they can gain practical experience trading on the platform, but eventually they’ll realize that the process is a risky game that should not be viewed as an amusing pastime.
For the traders with many years of experience down the line, we see Profit.ly equally suitable to them as people who are just beginning. Although the novices might not be as well-equipped with dealing with trading issues however, experienced traders know the way it functions and the stack full of risks associated with it. It is ideal to utilize Profit.ly’s range of options to their maximum advantage to develop their trading abilities. Like novices, they can learn from the experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders in order to assist them in the ever-changing trading process. Profitly And Steven Dux
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders from all over the world with a wealth of education, communication, and trading tools
- You will be taught by experts and insights from its internal experts, which include libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and authentic trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s abundance of packages and services offered could be too much for most of its users
- As traders may opt to open any kind of trade, there is a possibility that some of them may take advantage by picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds as its premium users are expected to immediately benefit from the many services that the platform can offer
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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’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally intended to be created in this way. Instead, it is best to keep an open mind. Profitly And Steven Dux
What we mean”yes” is that it can be a great learning tool. Those who may be stuck might discover Profit.ly’s array of resources to be helpful as they do their best to avoid loss and perform better than before. It’s not only the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts in the field!
If you truly care about being a better trader and want to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Profitly And Steven Dux
How do you use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries under the My Trade category on the dashboard that lets you post your trades that are verified or not. There are three choices:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Take a photo of your transactions
How do I know whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is indicated with the small blue check. If you upload the information manually or via pictures, it will be classified as unverified.
The drawback of posting an unverified trade is the possibility of receiving downvotes from colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just seeking to make the most profit but also to help one another grow and learn more about acquiring stock market opportunities left and right.