Stock trading can be a high-stakes game. On certain days, you might enjoy the benefits of pleasing and positive numbers. On other days, however, the opposite may happen, and it may sometimes be very difficult to get back to where you were your peak. If you find yourself always in the mud, you will have be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve suffered occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the world, which is why we’ve discovered a platform that can support you in your improvement in the market. We’ll take a 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 As You Go
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of all levels to be informative and accountable, as well as transparent and to build relationships with one another through its wide range of features and tools like trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for those new to trading and also as a platform for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Providing users with a wide variety of tools to facilitate trade and communication and letting traders from all walks of life network with each other. It also allows gurus to make worthy investments within the boundaries of this platform. Think of it as a social media site akin to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner 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 is humanly possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never done before.” The concept Sykes said served two objectives: one) creating public track records for all traders, not just the gurus as well as students and newsletter writers as well as) giving all users to be enlightened by both the wins and losses to benefit the industry of trading. Profitly As You Go
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of features and services aimed towards achieving achievement. You can create an account for free, but you’re limited to the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s deals, which we will discuss in the near future.
Making an account simple: Create an account with your experience and skills, join your brokerage account, and you have yourself a chance to shoot through high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users an insight into their performance as a trading group and its gurus. It’s not only a chance to prove that you’re worthy to the group of traders, but you can also use Profit.ly to buy from a guru with the confidence that you are confident of their knowledge and the credibility of their assertions.
If you are unsure about the idea of sharing your brokerage account, then you could opt to post your trades, either verified or otherwise, through pictures. Also included in Profit.ly are the vast number of courses in trading, the ability to view stats in a trader’s profile, and more ways to interact with your experts 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 has been famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at under $5 for each share. Penny stock trading could be viewed as a stepping stone for small businesses to transition into a larger market because they can access capital from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes can surely tell because of his decades of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, earned over $6 million of profit through his lengthy career as trader. At the age of 25, he had been given greater exposure and a larger influence over time when he was a part of the reality TV show “Wall Street Warriors.” He used the opportunity to create trading rooms, penny stock themes, and educational material aimed at those who are new to the trading field. He also helped establish Profit.ly as a place of transparency and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have proven to make significant amounts of profit through their years of knowledge. Profitly As You Go
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 most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus remain on the platform: Founder as well as 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 packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 per month, you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next move that is possible when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for 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 package. At $149.95 for a month this is an ideal plan for those who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in prior plans, which includes swing trading alerts and unlimited access to a rich library of over 7,000 educational videos and new videos released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Profitly As You Go
The Superman Alerts plan is an offer of the most essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access daily premarket stock watchlist along with the mobile application, daily market commentary shown in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base that is provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. In addition you’ll also have access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership levels that cater to traders with different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. When you sign up for this package you’ll be provided with a variety of powerful and indispensable trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat process by itself.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards, analyze your trades, sort and filter your trades and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re interested in have an account with this option, you should keep an eye on us as we present to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows you to use a majority of features from the Novice plan. It is in this plan that you can create an account that is private to share with fellow associate users all your knowledge and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to develop their expertise in trading. As nice as it seems, there is one significant feature that is missing. Unlike the previous Novice package, you will not be able view other traders’ statistics, which could be a problem for some who may be eager to try this new tier. Profitly As You Go
Pro Plan
This is by far the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 monthly, which includes an additional 22% discount when billed annually This plan offers everything. You will have full, unrestricted access to all features from the two previous plans combined.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the option of creating a private profile. These two features are on top of all the advantages that you can utilize to the maximum extent. If you’re in search of an account that will give you everything you need as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly has a few other services they offer. One of those is its online store, where customers can choose from a wide array of instructional videos that are that are designed to educate and guide you through the ins and outs of trading. The products listed in this section of the website can be immediately purchased for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and scenes from the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s array of services and features. You may be 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. But in Profit.ly it’s seen as a place where gurus and their member traders can communicate and share knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members. One might be a laid-back person who is rarely active, while another might be more active and in touch with their students. Think of the chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock trader types, from novices to experienced professionals. With the variety of deals it offers it is certain to have something for every person.
Beginners, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. Not only will they get daily videos 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 that they can take with them wherever they may be. Additionally, they can gain practical experience trading on the platform, but eventually they’ll be able to realize 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 line, we believe Profit.ly equally suitable to them as those who are just starting. Although the novices might not be as well-equipped with dealing with trading issues however, experienced traders know how it works along with the risky mix associated with it. In the ideal scenario, they can use Profit.ly’s array of options to their maximum advantage to improve their skills in trading. As beginners, they are able to learn from the top experts and experts , and use those short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the fun! People in the trade industry who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to assist them in the ever-changing trading process. Profitly As You Go
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You’ll be taught by experts and insights from its internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates There’s something for all
The Cons
- Profit.ly’s bountiful stream of packages and products offered may not be enough for a lot of its users
- Since traders can choose to make any type of trade, there is the possibility that some of them will profit by selecting the best trades in order to boost their rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because the premium customers will immediately benefit from the number of features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we could think of an answer to this question, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. It wasn’t meant to be designed to achieve this goal. Instead, you need to have the ability to think with an open heart. Profitly As You Go
What we do mean”yes” is it can be a great learning tool. People who are stuck could find Profit.ly’s array of resources useful when they try their best to incur lesser losses and be more successful than before. It’s not just the poor traders that can benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really desire to be more successful in trading and would like to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Profitly As You Go
How do you use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries within the ‘My Trade’ category of the dashboard which lets you record your trades, either verified or not. You may choose between three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your trades
What can I do to determine if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is shown by the blue check mark. If you upload it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The downside of having an unauthentic trade is the possibility of getting downvotes from your friends and colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where people can detect who’s being fraudulent 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 in the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market left and right.
