Stock trading can be an exciting game with high stakes. On certain days, you may have the benefit of positive and satisfactory numbers. However, on other days you may experience the opposite and it could be extremely difficult to get back to where you were your most productive. If you find yourself immersed in the water, you will have to recognize that relying on pure instinct and preservation is not always enough.
If you’ve experienced occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the world, which is why we’ve discovered an option that can help you in your growth in the market. We’ll take the time to look at Profit.ly A well-respected 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Profitly Behind The Name
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informative responsible, transparent, and encouraging one another through its wide range of features and tools including 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 functions as a training and learning platform for those new to trading and as a hub for experienced traders to track their performance with the help of advanced analytics tools. It provides users with a vast array of options for trade and communication and letting traders from all walks of life connect with one another. It offers gurus with worthy investments within the boundaries of the platform. Consider it the social media equivalent to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes publication, Sykes said that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never previously done.” This idea was, he said, serving two goals: 1.) keeping track of public data for not just the gurus and newsletter authors and students as well as) giving everyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Profitly Behind The Name
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of tools and services that are geared at achieving the success of their business. You may set up an account on the site at no cost, however you’re limited to access to the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
Setting up an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll have an opportunity to make your way to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a glimpse of their performance as a trading group and its gurus. It’s not only a chance to show value to a group of traders. You can also utilize Profit.ly to purchase from a guru with the confidence that you are confident of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the concept of leaking your brokerage account, you can choose to publish your trades, either verified or not, via pictures. In Profit.ly are the vast number of trading classes, the ability to view statistics on a person’s profile and other methods to connect with your gurus via chatrooms in addition to text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for just less than 5 cents per share. The trading of penny stocks is an avenue for small businesses to transition to a market that is larger as they can access capital from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes will be able to tell you through his many years 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 trading professional. When he was 25 years old Sykes was given greater exposure and a larger impact when he was a part of the reality show “Wall Street Warriors.” He used the opportunity to establish trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also helped to establish Profit.ly as a place for 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 vast array of education resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the experts in trading who have earned substantial profits through their years of knowledge. Profitly Behind The Name
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the field of trading. Some of the most prominent gurus 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 this platform: the founder as well as penny-stock trader 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 the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next move that is possible when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS as well as Android devices, email, text and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. It costs $149.95 per month, this is a great option for those who are more involved in investing in penny stocks. Pennystocking Silver comes with all the standard features of earlier plans which includes alerts for swing trading and access to an extensive collection of more than 7,000 educational videos and new videos released each week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly Behind The Name
The Superman Alerts plan is an package of vital features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile app, the daily market commentary shown in real-time, as well as 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 the extensive knowledge base of information provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. In addition, you’ll also get the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and leave a mark in the market, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers that cater to traders of different levels. Let’s look at what the three are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. When you sign up for this package, you will be immediately given a slew of robust and essential trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat process by itself.
Some of the features you can accomplish with Profit.ly’s Novice package include the capability to check the results of your trades and track profit as well as leading, following and even texting your fellow traders; and giving feedback on the trades of today. You can also get onto leaderboards; study, sort, and filter your trades; and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per month. While it may look attractive just by 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 gain the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package lets you to take advantage of a majority of features from the Novice plan. It is in this plan that you are able to create a private profile for sharing with fellow associate users all your knowledge and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to develop their skills in trading. As nice as it seems however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you won’t be able to view the statistics of other traders that might be a drawback for those who are anticipating this level. Profitly Behind The Name
This is by far the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 per month, and a 22% discount for billing annually the Pro plan has it all. You get full, no-holds-barred access to all the features of the previous plans combined.
You’re not only able to view other people’s stats as well, you’re also offered the chance to create an individual profile. These two features are in addition to the advantages that you can utilize to their fullest capacity. If you’re looking for an account that will give you with everything you require as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly provides a variety of additional services that it can provide. One of these is its online store, where customers can pick from a range of videos created to help you understand the ins and outs of trading. Each of the offerings listed in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series from trading professional 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 from events like the Annual Pennystocking Conference, and products from other expert traders.
The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You may be familiar with the chat room since you can find it throughout social and messaging platforms in addition to a few special websites that provide live chat support. But in Profit.ly the chat room is viewed as a real-time space where experts and their members trade and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members there. Some may be laid back and not very often active, while another might be more interactive and online with their students. Think of chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock traders, ranging from novices to experienced professionals. Considering the number of offers it offers, the platform surely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s library of learning information available on the platform. Not only will they get daily videos and chat room tips from its in-house gurus and members. They’ll also be able select from the products from its online store that they can take with them wherever they travel. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll realize that the process is a high-stakes game that should not be viewed as an opportunity to make fun of.
For the traders with decades of experience in the line, we believe Profit.ly equally suited to people who are just beginning. While the newbies may not be as proficient in managing trading, the pros already understand how it works and the plethora of risks associated with it. Ideally, they may use Profit.ly’s array of features to their full advantage to develop their trading skills. Like novices, they can study from the gurus as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the fun! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to help assist them in the ever-changing trading process. Profitly Behind The Name
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous 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’ll be provided with excellent lessons and tips from the internal experts, which include collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via images
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There is truly something for all
- Profit.ly’s bountiful stream of packages and services offered could be too much for the majority of its customers
- As traders may opt to make any type of trade, there’s a possibility that some of them may take advantage by cherry-picking the best trades to boost their rating – this may be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds as the premium customers are expected to instantly take advantage of the numerous services that the platform can provide
The Final Verdict: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it’s yes. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally intended to be created in this way. Instead, you should have curiosity. Profitly Behind The Name
What we are referring to”yes” is that it could be a useful learning tool. For those who are struggling, they might find Profit.ly’s range of resources helpful when they try their best to reduce losses and perform better than they did before. It’s not only the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being better at trading and wish to learn from your mentors and peers on the way, take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profitly Behind The Name
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries within the My Trade section of the dashboard. It lets you record your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
How do I know whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there is the likelihood that it can be verified. This is indicated with the blue check mark. If you upload it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the risk of getting downvotes from your colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the App Store for Apple 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 over 150,000 investors and traders because they are not just trying to maximize profits but also assist each other to learn and improve in acquiring opportunities on the stock market both right and left.