Stock trading is a high-stakes game. On certain days, you may have the benefit of pleasing and positive numbers. On other days, the opposite may happen, and it may sometimes be very difficult to return to where you were your most productive. If you are always in the mud it is important to realize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require 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 to improve your performance in the industry. In this review, we’ll be taking a look at Profit.ly A well-respected 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Profitly As A Fraction
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be knowledgeable, transparent, accountable, and to build relationships with each other through its broad variety of tools and features like trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for those new to trading as well as a place for experienced traders to track their performance through the use of sophisticated analytics tools. It provides users with a vast range of resources for trade and communication, it helps traders from every field of business connect with each other. It gives the gurus worthwhile investments within the confines of the platform. Think of it as the social media equivalent to Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that transactions are legitimate and will not allow for fraud as much as it is possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never previously done.” This idea Sykes said served two goals: 1.) keeping track of public data for all traders, not just the gurus as well as newsletter authors and students, and 2) making it possible for everyone on the platform to learn from the losses and wins to the benefit of the trading industry. Profitly As A Fraction
How Does It Perform?
Profit.ly utilizes a subscription model which 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 at no cost, however you’re limited to access to the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s deals that we’ll go over shortly.
Setting up an account is easy: create a profile with your experiences and expertise, connect to your brokerage account and you’ll be given the chance to climb your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a glimpse of how the community of traders performs as well as its experts. It’s not just a way to demonstrate that you’re worthy to the large group of traders. You are also able to use Profit.ly to shop with a guru, and have the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you may opt to post your trades, verified or not, by taking photographs. In Profit.ly are a variety of courses in trading as well as the ability to look at the stats of a trader’s account, and more ways to connect with your gurus through the chatroom as well as 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 has been famously known for his involvement in 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 trading of penny stocks is an opportunity for small businesses to transition to a large marketplace as it gives them access to money from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, made over $6 million of profit during his long and successful career as trader. At 25 years old, he had been given more exposure and a wider impact as a participant in the reality TV show “Wall Street Warriors.” He used the opportunity to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are new to trading. He also helped to establish Profit.ly as a place of transparency and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational sources, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have earned substantial amounts of money from their combined years of expertise. Profitly As A Fraction
At its peak, Profit.ly had housed up to five gurus, all of them an expert within their particular field within the world of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on the platform: the founder and 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 packages each guru offers.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 monthly, you will be able to see him concentrate on the basic stock catalysts and employ them to predict the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is 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 most premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 per month, this is the perfect plan for those who are committed to the penny-stock market. Pennystocking Silver offers all the essential features that were included in the previous plan, including alerts for swing trading and access to a rich library of more than 7,000 instructional videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Profitly As A Fraction
The Superman Alerts plan is an offering of essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist and the mobile application, daily market commentary shown in real time, and E-mail 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 provided by Superman himself through the Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. In addition you’ll also gain the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to help you started. The platform offers three membership levels, each designed for traders of different levels. Let’s break down what these three tiers are and how much they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. As you sign up for this plan you’ll be offered a range of strong and indispensable trading tools, each one of them essential in keeping your fingers on what could call a ruthless procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice package include 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 can also get onto leaderboards; study, sort, as well as filter trades and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. It isn’t possible to create a private account, making your personal information public. If you do want to have an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use the majority of features available in the Novice plan. This plan allows that you can set up a private profile to share with fellow associate users all your knowledge and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to improve their trading skills. Although it’s a nice thing but there’s one important element that’s missing. In contrast to the Novice package, you will not be able to see the statistics of other traders this could be a problem for some who may be looking forward to this tier. Profitly As A Fraction
The Professional plan can be described as the highest luxurious package Profit.ly can offer to experienced traders. With $74.95 monthly, with a 22% discount when billed annually, this tier has it all. It gives you full, unlimited access to all the options of the previous plans.
You’re not only able to view other people’s stats, but you’re also given the opportunity to create your own private profile. These two features are on top of all the advantages that you can utilize 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 level is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly offers a number of more services it has to offer. One of these is its online store, where customers can pick from a range of video products 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. Some of these include bestsellers like the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, as well as all aspects of trading. There are also clips and scenes from The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well 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 offer live chat assistance. However, in Profit.ly, it is seen as a real-time place where gurus and their members trade and share knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members. One might be more laid back and rarely active, while another may be more interactive and online with their students. Think of chatrooms as Profit.ly’s version of the forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, ranging from beginners to experienced pros. Considering the number of offers it can provide it is certain to have something for every person.
For instance, newbies will enjoy Profit.ly’s library of learning information available on the platform. They will also get daily videos and chat room advice from the in-house experts and their members. Additionally, they can choose from the items in its online store for them to take wherever they may go. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll be able to realize that trading is a high stakes game that shouldn’t be taken as an amusing pastime.
For traders who have decades of experience in the line, we believe Profit.ly equally suitable for them as it is for the newcomers. While the newbies may not be as well-equipped with managing trading, the pros already understand the way it functions and the risky mix associated with it. It is ideal to use Profit.ly’s range of features to their best advantage to enhance their trading abilities. As beginners, they are able to learn from the top experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the excitement! Trade professionals who are on the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to navigate them through the ever-changing trading process. Profitly As A Fraction
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You get to be taught by experts and advice from the company’s in-house gurus, including libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost – there truly is something for all
- Profit.ly’s bountiful stream of packages and services offered could not be enough for a lot of its customers
- Since traders can choose to post any kind of trade, there is a possibility that some of them will profit by selecting the best trades in order to improve their ratings this could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds because its premium users are expected to instantly benefit from the many services the platform has to provide
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The Final Concluding Question: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it’s a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always designed to be used in this way. Instead, it is best to keep the ability to think with an open heart. Profitly As A Fraction
What we are referring to”yes” is that it could be a useful learning tool. For those who are struggling, they may find Profit.ly’s range of resources useful as they do their best to incur lesser losses and perform better than they did before. Not only struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
If you really desire to be a better trader and want to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profitly As A Fraction
How do you use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades under the ‘My Trade category on the dashboard that allows you to post your trades that are verified or otherwise. There are three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades using the spaces provided and details
- Take a photo of your transactions
How can I tell if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there’s the probability that it’s verifiable. This is evident by the small blue check. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The downside of having an unauthenticated trade is the risk of receiving downvotes from colleagues. 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 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 via the Apple App Store and on the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market both right and left.