Stock trading is an extremely risky game. Some days, you could enjoy the benefits of positive and satisfying numbers. However, on other days, the opposite may happen, and it may sometimes be very difficult to get back to where you were at your peak. If you find yourself immersed in the water You will need to recognize that relying on pure instinct and preservation is not always enough.
If you’ve experienced loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from trading partners from all over the globe, which is why we’ve identified an online platform that will help you in your growth in the market. We’ll be taking a look at Profit.ly, a well-recognized 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 At Home
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informed and accountable, as well as transparent and to build relationships with each other through its broad range of features and tools such as chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for traders who are just beginning their journey and as a hub for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Providing users with a wide range of resources for communication and trade, it helps traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas that the site. Consider it the social media equivalent the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it ensures that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never previously done.” The idea, he added, served two objectives: one) making public records for all traders, not just the gurus as well as newsletter writers and students as well as) making it possible for anyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Profitly At Home
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of features and services aimed toward achievement. You can create an account at no cost, however you’re limited to the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time, you will need to subscribe to any of Profit.ly’s deals, which we will discuss in the near future.
Setting up an account is simple: Create an account with your experience and skills, join to your brokerage account and you have yourself the chance to climb your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users an insight into the performance of the trading community and its gurus. You’re not just allowed to demonstrate that you’re worthy to the group of traders, but you can also use Profit.ly to shop from a guru with the confidence that you are confident with their expertise and the legitimacy of their assertions.
If you are unsure about the idea of sharing your brokerage account, then you could decide to share your trades, whether verified or not, via screenshots. Included in Profit.ly is the huge selection of trading classes, the ability to view stats in a trader’s profile and other methods to connect with your gurus in the chatroom, as well as email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for less than $5 per share. The penny stock market can be seen as a stepping stone for small companies to move to a market that is larger as they can access capital from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes will be able to tell you thanks to his years of expertise.
Beginning at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million earnings during his long and successful career as a trader. At the age of 25 Sykes was given more exposure and a wider influence over time when he became part of the reality show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a place for transparency, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have earned significant amounts of profit from their combined years of experience. Profitly At Home
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise in the trading industry. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, however, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you will be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to 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 most premium version that has been upgraded of the Tim’s Alerts program. At $149.95 monthly, this is the perfect plan for those who are more invested in penny stock trading. Pennystocking Silver comes with all the standard features of the previous plan, including swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos that are updated weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both 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 At Home
The Superman Alerts plan is his offering of essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access daily premarket stock watchlist and the mobile app, 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, as well as access to a knowledgeable base provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. On top of that, you’ll also get the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers that cater to traders with different levels. Let’s look at what the three levels are and what they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. When you sign up for this package you’ll be provided with a variety of powerful and essential trading tools, all of them integral in keeping your fingers on what could call a ruthless process in and of itself.
Among the list of things you can do with Profit.ly’s Novice package include the capability to check trades and track profits and follow-up, leading and even chatting with other traders; and giving feedback on the trades of today. It also allows you to be onto leaderboards; study your trades, sort and filter your trades; and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive just by the price but there’s a disadvantage. You can’t create a private account, making your actions public. If you’re interested in have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader package lets users to benefit from the majority of features available in The Novice package. In this plan, that you can set up a private profile to share with other 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 caters people who want to harness their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. In contrast to the Novice package, this one won’t be able view other traders’ statistics that might be a drawback for those eager to try this new tier. Profitly At Home
This is by far the most luxurious package Profit.ly offers to experienced traders. At $74.95 monthly, and 22% off for annual billing the Pro plan has it all. You will have full, unrestricted access to all the features from the two previous plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the chance to create a private profile. These two features are in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for an option that gives all the features you need to be an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly provides a variety of additional services that it can offer. One of these is its online store, where customers can select from a variety of instructional videos that are created to guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and clips of The Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are as well part of Profit.ly’s array of services and features. You are probably familiar with chat rooms since you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat support. However, in Profit.ly it’s seen as a real-time space where experts and their members trade and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members. Some may be more laid back and rarely active, while another might be more interactive and online with their students. Think of the chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock traders, ranging from novices to the most experienced. With the variety of deals it can provide this platform definitely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. They will also be provided with videos every week and chat room advice from its in-house gurus and their members. They’ll also be able to select from the products on its store online that they can take with them wherever they go. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll realize that the process is a risky game that should not be viewed as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we believe Profit.ly as equally as suitable for them as it is for people who are just beginning. While novice traders may not be as well-equipped with managing trading however, experienced traders know how it works and the risky mix associated with it. Ideally, they may utilize Profit.ly’s array of options to their maximum advantage to enhance their skills in trading. Like novices, they can study from the gurus and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Verified experts can also join in the excitement! Those in the trading industry who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others in order to assist them in the ever-changing trading process. Profitly At Home
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You’ll be provided with excellent lessons and tips from the internal experts, which include libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost – there truly is something for every person
- Profit.ly’s bountiful stream of packages and products offered may be too much for the majority of its customers
- As traders may opt to open any kind of trade, there’s the possibility that some of them will profit by picking the most profitable trades to increase the rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds as its premium users will immediately benefit from the number of services the platform has to offer
The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it’s a ‘yes’. But you need to understand that the platform should not be used as a scheme to get rich quick. It wasn’t intended to be created in this way. Instead, it is best to keep the ability to think with an open heart. Profitly At Home
What we mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck might find Profit.ly’s range of resources useful as they do their best to avoid loss and perform better than they did before. Not only struggling traders that will profit from the platform. It is able to accommodate novices and even experts!
If you really want to become more successful in trading and would like to learn from your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Profitly At Home
What are the best ways to use Profit.ly to post your trades?
Profit.ly has a trade entry portion within the My Trade section of the dashboard that allows you to post your trades, either verified or not. There are three choices:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your trades
How do I know if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there is the chance that it is verifiable. This is shown by the small blue check. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The downside of having an unverified 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 at the top of the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many are using 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 help each other grow and learn more about acquiring stock market opportunities left and right.