Stock trading is a high-stakes game. Some days, you might have the benefit of positive and satisfactory numbers. On other days it could be the reverse and it could be very difficult to return to where you were your peak. If you are constantly stuck in the gutter You will need to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve found an option that can help you in your growth within the field. We’ll be taking the time to 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.
Total Rating: 4.1/5 Profitly Calculator
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be informative responsible, transparent, and to build relationships with each other by offering a wide array of tools and features such as trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for those new to trading and also as a platform for experienced traders to track their performance with the help of advanced analytics tools. It provides users with a vast range of resources for trade and communication and letting traders from every field of business connect with each other. It gives the gurus worthy investments within the boundaries that the site. Imagine it as the social media equivalent the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was established many years ago by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes said that Profit.ly was based “on showing the entire spectrum of trades, something which was never done before.” The concept Sykes said served two goals: 1.) keeping track of public data for all traders, not just the gurus and newsletter authors and students, and 2) giving anyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. Profitly Calculator
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of services and features geared at achieving success. You may set up an account for free, but you’re limited to the capability to browse the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
Making an account easy: create a profile with your experiences and skills, join your brokerage account, and you’ll be given the chance to climb your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a look at their performance as a trading group and its experts. You’re not just allowed to prove that you’re worthy to the community of traders, as you are also able to use Profit.ly to purchase from a guru with the confidence that you are confident with their expertise and the legitimacy of their claims.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, then you could choose to publish your trades, verified or otherwise, through photographs. In Profit.ly are a variety of trading classes as well as the ability to look at statistics on a person’s profile and other methods to communicate with your gurus via chatrooms as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock is a small business’s stock which trades at under $5 for each share. The trading of penny stocks can be seen as an avenue for small companies to move to a market that is larger as it gives them access to funds from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, made an estimated $6 million profits during his long and successful career as trader. At the age of 25 Tim Sykes had received greater exposure and a larger influence over time when he became part of the reality TV show “Wall Street Warriors.” He then made use of the show to establish trading rooms and penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped to establish Profit.ly as a place of openness, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational sources, trade alerts and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have proven to make substantial profits from their combined years of knowledge. Profitly Calculator
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the field of trading. Some of the prominent gurus included 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 of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll see him focus on the basic stock catalysts and employ them to predict the next possible moves in making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS and Android devices; email, text, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 monthly, this is a great option for investors who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features found in earlier plans such as swing trading alerts as well as unlimited access to a library of over 7,000 educational videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading profits. Profitly Calculator
The Superman Alerts package is his offer of the most essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist and the mobile application, daily market commentary in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base of information provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. On top of that you’ll also have an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave your mark on the market, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers that are designed to accommodate traders with different levels. Let’s take a look at what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. 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 fingers on what can describe as a cutthroat process in and of itself.
Among the list of things you can do with Profit.ly’s Novice program is the capability to check the results of your trades and track profit; leading, following and even texting other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, or filter the trades you make; and, finally, see other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. You can’t create a private account, making your activities publicly available. If you’re interested in get the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader plan allows you to use 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 intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to harness their skills in trading. While it’s nice but there’s one important aspect that’s not included. As opposed to the prior Novice package, you will not be able to see the statistics of other traders that might be a drawback for those anticipating this level. Profitly Calculator
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. With $74.95 per month, which includes an additional 22% discount for annual billing This plan offers everything. You get full, no-holds-barred access to all options of the previous plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the opportunity to create an individual profile. These two features are in addition to the benefits that you can use to the fullest potential. If you’re looking for an option that gives you everything you need as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly offers a number of more services it has to provide. One of those is its online store, which lets users pick from a range of videos created to guide you through the ins and outs of trading. The products listed in this section of the website is available to be purchased immediately 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 on short stocking, penny stocking, and other related to trading, videos and footage from events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of features and services. You are probably familiar with the concept of the chat room since you can find it throughout social and messaging platforms, in addition to a few special websites that offer live chat support. But on Profit.ly, it is seen as a hands-on place where gurus and their members can interact and learn in real time. Every guru has their own way in running their chat rooms and in dealing with the members. Some may be laid back and less active, while another might be more online and communicative to their pupils. Think of 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 cater to the wide range of stock traders, from novices to the most experienced. Considering the number of offers it can provide it is certain to have something for everyone.
Newbies, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week and chat room tips from its in-house gurus as well as their members. They’ll also be able to choose from the items from its online store that they can take with them wherever they be. You can also get hands-on experience trading on the platform, however they’ll be able to realize that this is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have years of exposure down the line, we see Profit.ly equally suitable for them as it is for people who are just beginning. While the newbies may not be as adept at dealing with trading issues, the pros already understand the way it functions and the stack full of risks that come with it. Ideally, they may use Profit.ly’s range of features to their best advantage to develop their trading abilities. Like beginners, they can learn from the top experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the excitement! People in the trade industry who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others as a way to help guide them through the ever-illustrious trading process. Profitly Calculator
Profit.ly’s Pros and Cons
- 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 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 accurate analytics as well as other 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 verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates – there truly is something for everyone
- Profit.ly’s numerous products and packages offered might be too much for most of its users
- If traders decide to make any type of trade, there is an opportunity that some them may take advantage by cherry-picking the best trades to increase the rating this could be a concern that should not be overlooked.
- Profit.ly does not offer refunds as its premium users are expected to immediately benefit from the number of services that the platform can provide
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The Final Verdict is: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it would be a ‘yes’. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally meant to be designed for this reason. Instead, you should have curiosity. Profitly Calculator
What we do mean”yes” is it could be a useful learning tool. Those who may be stuck could find Profit.ly’s array of resources useful as they do their best to avoid losses and perform better than they did before. Not only poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you really care about being a better trader and want to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ Profitly Calculator
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers a trade entry portion in the “My Trade’ category of the dashboard. It lets you post your trades that are verified or not. There are three choices:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there is an excellent chance that it is verifiable. This is indicated with the blue check mark. If you submit the information manually or via pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving negative feedback from fellow peers. Too many downvotes may 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 available?
As of this writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just trying to maximize 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.