Stock trading is an extremely risky game. On certain days, you could be reaping the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it could be extremely difficult to get back to the point you were at your peak. If you’re immersed in the water You will need to recognize that relying on pure instinct and preservation might not be enough.
If you’ve experienced losses from time to time You’ll need 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 world, which is why we’ve discovered an option that can help you in your growth within the field. We’ll take a look at Profit.ly, a well-recognized all-in-one 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profitly Cancel Subscription
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of various levels to be knowledgeable responsible, transparent, and encouraging each other through its broad variety of tools and features like chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for traders who are starting out and also as a platform for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. Offering users a broad range of resources for communication and trade and letting traders from all walks of life network with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Think of it as the social media equivalent like Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never prior to.” The idea, he added, served two purposes: 1) keeping track of public data for not just the gurus, but also the students and newsletter writers, and 2) giving anyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Profitly Cancel Subscription
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of tools and services that are geared at achieving the success of their business. You can create an account on the site at no cost, however you’re only limited to having the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re interested in investing 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 offerings, which we will review in the coming days.
Setting up an account is simple: 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 at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users a glimpse of their performance as a trading group as well as its experts. It’s not only a chance to demonstrate that you’re worthy to the group of traders, but you can also utilize Profit.ly to shop with a guru, and have the assurance that you’re comfortable with their expertise and the credibility of their assertions.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you may opt to post your trades, whether verified or not, via screenshots. Also included in Profit.ly is the huge selection of trading classes as well as the ability to look at the stats of a trader’s account and other methods to communicate with your gurus in the chatroom, along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock that trades for just less than 5 cents per share. The trading of penny stocks is an avenue for small-scale businesses to make the transition to a market that is larger as it allows them to access money from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes will be able to tell you thanks to his years of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as trading professional. At the age of 25 Sykes was given more exposure and a wider reach of influence when he was a part of the reality series “Wall Street Warriors.” He took advantage of it to establish trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place of openness, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have made substantial profits through their years of expertise. Profitly Cancel Subscription
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll see him focus on the basic stock catalysts and employ them to anticipate the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app 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 highest-quality, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, this is the perfect plan for investors who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features that were included in earlier plans which includes swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Profitly Cancel Subscription
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist along with the mobile application, daily market updates in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base of information provided by Superman himself via his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. Additionally, you’ll also get the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave your mark on the field, Profit.ly has the right amount of tools to get you started. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s look at what the three are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. Once you have signed to this plan, you will be immediately provided with a variety of powerful and vital trading tools, all one of them essential in keeping your fingers on what can describe as a cutthroat process by itself.
The list of features you can do using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following and even chatting with other traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study your trades, sort as well as filter trades; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your personal information public. If you do want to have an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to take advantage of a majority of features from The Novice package. It is in this plan that you can create an account that is private for sharing with fellow associates all your insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to develop their trading skills. As nice as it seems but there’s one important feature that is missing. In contrast to the Novice package, you won’t be able to view the statistics of other traders this might be a drawback for some who may be looking forward to this tier. Profitly Cancel Subscription
The Professional plan can be described as the highest premium package that Profit.ly offers to experienced traders. With $74.95 per month, with 22% off for annual billing, this tier has everything. You will have full, unrestricted access to all the options of the prior plans.
You’re not only able to see other users’ stats and data, but you also have the chance to create a private profile. Both of these features, on top of all the advantages you’ll be able to use to the maximum extent. If you’re looking for an account that will give you everything you need as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly provides a variety of more services it has to offer. One of those is its online store, which allows users to select from a variety of instructional videos that are created to provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the website can be purchased immediately for personal use. These include best-selling products like the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, as well as all things trading-related, clips and clips of the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of features and services. You are probably familiar with chat rooms since you can find it throughout social and messaging platforms, as well as some specialty websites that provide live chat assistance. But 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 in dealing with the members. One of them may be laid back and rarely engaged, while another could be more interactive and online with their students. Consider chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock trader types, from beginners to experienced pros. Given the wide range of options it offers it is certain to have something for all.
For instance, newbies will enjoy Profit.ly’s collection of educational information available on the platform. Not only will they be enriched with weekly videos and chat room advice by its internal gurus as well as their members. They’ll also be able choose from the items on its store online for them to take wherever they may go. They can also gain hands-on experiences by trading through the platform, however they’ll realize that the process is a high stakes game that should not be viewed as an opportunity to make fun of.
For traders who have decades of experience in the road, we consider Profit.ly equally suited to the newcomers. Although the novices might not be as proficient in handling trading matters, the pros already understand how it works and the plethora of risks that come with it. It is ideal to make use of Profit.ly’s array of features to their best advantage to develop their trading skills. Like beginners, they can learn from the top experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the excitement! Trade professionals who are on the same level as Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to navigate them through the ever-changing trading process. Profitly Cancel Subscription
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You get to be provided with excellent lessons and insights from its internal experts, which include collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There’s something for everyone
- Profit.ly’s numerous packages and products offered may be too much for most of its customers
- Since traders can choose to open any kind of trade, there’s an opportunity that some them may take advantage by selecting the best trades in order to increase the rating this could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds because its premium users are expected to instantly take advantage of the numerous features the platform is able to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it would be a ‘yes’. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always designed to be used for this reason. Instead, you should have the ability to think with an open heart. Profitly Cancel Subscription
What we do mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck could discover Profit.ly’s range of resources useful when they try their best to avoid loss and perform better than before. Not only struggling traders that will profit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely desire to be a better trader and want to learn from your fellows and gurus throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ Profitly Cancel Subscription
How can you make use of Profit.ly to make your trades public?
Profit.ly offers a trade entry portion within the ‘My Trade category on the dashboard. It lets you record your trades, either verified or otherwise. There are three options:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your transactions
How can I tell whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there’s a high likelihood that it can be verified. This is evident by the blue check mark. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the risk of receiving negative feedback from colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just trying to maximize profits but also help each other learn and improve in acquiring opportunities on the stock market both right and left.