Stock trading can be an extremely risky game. On some days, you might be reaping the benefits of positive and satisfactory numbers. On other days, however it could be the reverse, and it may sometimes be extremely difficult to get back to where you were at your most productive. If you find yourself always in the mud it is important to realize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve identified an option that can help you in your improvement in the industry. We’ll take 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.
Total Rating: 4.1/5 Profitly Blog Widget
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be knowledgeable responsible, 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 education platform for those new to trading and also as a platform for experienced traders to track their performance with the help of sophisticated analytics tools. Providing users with a wide variety of tools to facilitate trade and communication that help traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Think of it as an online social media platform similar like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are valid and won’t allow for fraud as much as is humanly possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes publication, Sykes declared that Profit.ly was based “on the transparency of every trade, something that was never previously done.” The concept, he added, served two objectives: one) making public records for everyone, not just the experts and students and newsletter writers as well as) allowing anyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Profitly Blog Widget
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of tools and services that are geared toward achievement. You can create an account on the site for free, but you’re only limited to having the capability to browse the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s offers that we’ll go over shortly.
Making an account easy: create an account that includes your personal information and expertise, connect to your brokerage account and you have yourself an opportunity to make your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a look at their performance as a trading group and its experts. It’s not only a chance to show that you’re worthy to the community of traders. You are also able to use Profit.ly to shop with a guru, and have the confidence that you are confident with their expertise and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you may decide to share your trades, verified or not, by taking photographs. In Profit.ly are a variety of courses in trading and the capability to see statistics on a person’s profile and other methods to connect with your gurus via chatrooms in addition to email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his involvement in penny stock trading. According to Investopedia Penny stock is a small business’s shares that trade for less than $5 per share. The trading of penny stocks can be seen as an avenue for small companies to move to a large marketplace as it allows them to access money from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal thanks to his years of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as a trader. When he was 25 years old Sykes was given greater exposure and a larger impact as a participant in the reality show “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place for transparency and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education sources, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have proven to make substantial profits from their collective years of knowledge. Profitly Blog Widget
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on this platform: 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 can 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 for a month you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to predict the next move that is possible when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app available to 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 highest-quality version that has been upgraded of the Tim’s Alerts program. It costs $149.95 per month, this is a great option for those who are more committed to the penny-stock market. Pennystocking Silver offers all the essential features found in earlier plans which includes swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known 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. Since when he first started trading, Superman has amassed over $5.5 million in trading profits. Profitly Blog Widget
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile app, daily market commentary in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge provided by Superman himself, via his Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. On top of that you’ll also gain an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready 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 has three membership tiers that are designed to accommodate traders of different levels. Let’s break down what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. When you sign up for this package, you will be immediately offered a range of strong and essential trading tools, all of them integral in keeping your fingers on what we can describe as a cutthroat process by itself.
Among the list of things you can do using Profit.ly’s Novice program is the ability to confirm trades and track profits as well as leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze, sort, or filter the trades you make; and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per monthly payment. 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 interested in gain an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in the Novice plan. This plan allows that you can create an individual profile that allows you for sharing with fellow associate users all the insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to develop their skills in trading. While it’s nice but there’s one important element that’s missing. In contrast to the Novice package, you will not be able view other traders’ stats that could be a disadvantage for some who may be looking forward to this tier. Profitly Blog Widget
The Professional plan can be described as the highest luxurious package Profit.ly can offer to experienced traders. With $74.95 monthly, with an additional 22% discount for billing annually, this tier has everything. It gives you full, unlimited access to all features of the prior plans.
Not only do you get to see other users’ stats, but you’re also given the option of creating an individual profile. These two features are in addition to the benefits that you can use to the maximum extent. If you’re in search of a plan that can serve you with everything you require as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly provides a variety of additional services that it can offer. One of them is the online store, which allows users to select from a variety of videos designed to inform and guide you through the ins and outs of trading. All of the products featured on this page of the website is available to be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and clips of events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of features and services. You’re probably familiar with the concept of chat rooms since you can find it throughout messaging and social platforms, as well as some specialty websites that offer live chat support. But on Profit.ly, it is seen as a real-time space where experts and their members can interact and learn in real time. Each guru has their style in running their chat rooms and dealing with the listed members there. Some may be more laid back and rarely active, while another might be more online and communicative with their students. Consider chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, from novices to the most experienced. Given the wide range of options it offers it is certain to have something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be provided with videos every week and chat room advice by its internal gurus and their members. Additionally, they can select from the products on its store online 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 risky game that should not be viewed as a joke.
For those traders who have had years of exposure down the line, we see Profit.ly as equally as suitable for them as it is for the newcomers. While novice traders may not be as adept at handling trading matters but the experts already know how it works along with the stack full of risks that it carries. Ideally, they may utilize Profit.ly’s array of features to their full advantage to improve their trading skills. Like novices, they can study from the gurus and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the fun! Trade professionals who are at an equal level with Superman and 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 Blog Widget
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders from all over the world with a wealth of education communications, trading, and communication tools
- You will receive excellent training and insights from its in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There’s something for every person
- Profit.ly’s abundance of packages and products offered may be too much for a lot of its customers
- If traders decide to post any kind of trade, there is a possibility that some of them may take advantage by cherry-picking the best trades to increase the rating This could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as the premium customers 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 Worth It?
If we could think of the answer, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally designed to be used in this way. Instead, you need to have the ability to think with an open heart. Profitly Blog Widget
What we mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they may find Profit.ly’s array of resources to be helpful when they try their best to reduce losses and be more successful than before. Not only struggling traders who will profit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be a better trader and want to learn from your mentors and peers throughout the process, then look no further – Profit.ly could be a good option to begin.
FAQ Profitly Blog Widget
How do you use Profit.ly to post your trades?
Profit.ly offers an entry section for trades under the ‘My Trade’ category of the dashboard which lets you post your trades, verifiable or not. You may choose between three options:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Take a photo of your trades
How do I know if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there’s the chance that it is verifiable. This is shown by the blue check mark. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving downvotes from colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are 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 left and right.