Stock trading can be a high-stakes game. Some days, you could have the benefit of pleasing and positive numbers. However, on other days, the opposite may happen, and it may sometimes be very difficult to return to where you were at your peak. If you find yourself immersed in the water it is important be aware that relying solely on your instincts and preserving might not be enough.
If you’ve been incurring occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the world, which is why we’ve discovered an online platform that will help you in your growth in the industry. In this review, we’ll be taking an in-depth look at Profit.ly A well-respected 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 Chat Help
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of different levels to be knowledgeable responsible, transparent, and encouraging one another through its wide range of features and tools like chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for those who are just beginning their journey and also as a platform for traders with experience to keep track of their performance with the help of advanced analytics tools. Offering users a broad range of resources to facilitate trade and communication that help traders from every field of business connect with each other. It gives the gurus an opportunity to invest in the right areas of the platform. Consider it a social media site akin the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The platform for trading 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 founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never previously done.” The concept was, he said, serving two purposes: 1) making public records for all traders, not just the gurus as well as students and newsletter writers as well as) giving anyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Profitly Chat Help
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of tools and services that are geared towards achieving the success of their business. You can create an account on the site for free, but you’re only limited to having access to the leaderboard and follow the activities 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’ll need to sign up to one of Profit.ly’s deals that we’ll go over shortly.
Making an account simple: Create an account that includes your personal information and knowledge, then connect your brokerage account, and you’ll be given the chance to climb your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users an insight into how the community of traders performs as well as its gurus. It’s not just a way to show value to a large group of traders, but you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account then you could choose to publish your trades, verified or not, by taking screenshots. Included in Profit.ly are a variety of trading courses, the ability to view stats in a trader’s profile, and more ways to interact with your experts via chatrooms along with 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 efforts in trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock which trades at under $5 for each share. Penny stock trading can be seen as an opportunity for small-scale businesses to make the transition into a larger market because it gives them access to funds from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes can surely tell thanks to his years of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as a trader. At 25 years old Tim Sykes had received greater exposure and a larger reach of influence as a participant in 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 those who are new to trading. He also played a role in establishing Profit.ly as a place for transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have proven to make substantial profits from their combined years of expertise. Profitly Chat Help
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their niche within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of 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. With that taken into consideration Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll see him focus on the basic stock catalysts and employ them to forecast the next moves that could occur when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS and Android devices, as well as texts, emails, 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 package. It costs $149.95 for a month it is an ideal plan for those who are more involved in penny stock trading. Pennystocking Silver offers all the essential features found in the previous plan, including swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading profits. Profitly Chat Help
The Superman Alerts plan is his offering of essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile app, daily market commentary in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base provided by Superman himself, via his Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. Additionally you’ll also gain the ability to access premium reports on research and the 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 market, Profit.ly has the right amount of resources to get you started. The platform has three membership levels, each designed for traders with different levels. Let’s break down what these three levels are and what they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand 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 we could call a ruthless process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice package is the ability to confirm trades and track profits; leading, following and even texting your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze your trades, sort as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive just by the price but there’s a disadvantage. You can’t create a private profile, thus making your personal information public. If you’re interested in gain an account with this option, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from the Novice plan. This plan allows that you are able to create a private profile for sharing with fellow associate users all the insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to improve their skills in trading. As nice as it seems but there’s one important feature that is missing. Unlike the previous Novice package, you won’t be able view the statistics of other traders this might be a drawback for those who are looking forward to this tier. Profitly Chat Help
The Pro plan is the most expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 per month, which includes a 22% discount for annual billing This plan offers everything. You will have full, unrestricted access to all the features of the previous plans.
You’re not only able to view other people’s stats as well, you’re also offered the option of creating a private profile. Both of these options, plus the other advantages you’ll be able to use to their fullest capacity. If you’re in search of an option that gives you with everything you require as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly offers a number of additional services that it can provide. One of these is its online store, which allows users to choose from a wide array of videos that are designed to educate and help you understand the ins and outs of trading. Each of the offerings listed on this page of the website can be immediately purchased for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other related to trading, videos and footage taken from The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s range of services and features. You are probably familiar with the concept of the chat room since you can find it throughout social and messaging platforms, as well as some specialty websites that offer live chat support. However, in Profit.ly it’s seen as a place where gurus and their members can interact 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 there. One of them may be more laid back and not very often engaged, while another could be more online and communicative in their interactions with students. Think of the chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, from novices to experienced professionals. Considering the number of offers it can provide, the platform surely has something for all.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. They will also be enriched with weekly videos and chat room advice from its in-house gurus and members. Additionally, they can pick from the merchandise available from its online store that they can take with them wherever they travel. They can also gain hands-on experiences by trading through the platform, but eventually they’ll be able to realize that the process is a high-stakes game that should not be viewed as an amusing pastime.
For traders who have years of exposure down the line, we believe Profit.ly equally suited to those who are just starting. While the newbies may not be as well-equipped with managing trading however, experienced traders know how it works and the plethora of risks associated with it. In the ideal scenario, they can use Profit.ly’s range of features to their best advantage to enhance their skills in trading. As beginners, they are able to learn from the top experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the fun! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders in order to guide them through the ever-illustrious trading process. Profitly Chat Help
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You will 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 precise analytics as well as fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through images
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices – there truly is something for every person
- Profit.ly’s abundance of products and packages offered might seem overwhelming for a lot of its users
- As traders may opt to post any kind of trade, there is the possibility that some of them could profit from selecting the best trades in order to boost their rating this could be a concern that should not be overlooked.
- Profit.ly does not offer refunds as the premium customers are expected to instantly benefit from the number of services the platform has to offer
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The Final Verdict is: Is Profit.ly Valued?
If we could come up with the answer, it’s yes. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally designed to be used in this way. Instead, it is best to keep an open mind. Profitly Chat Help
What we do mean”yes” is that it could be a useful learning tool. Those who may be stuck might find Profit.ly’s array of resources useful in their efforts to incur lesser losses and be more successful than before. It’s not only the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly care about being a better trader and want to be taught by your peers and experts on the way, you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Profitly Chat Help
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the ‘My Trade’ category of the dashboard which allows you to post your trades, either verified or not. You may choose between three choices:
- Linking your account to the broker of choice and import transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there is an excellent likelihood that it can be verified. This is shown by the small blue check. If you upload the information manually or via images, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the chance of receiving downvotes from fellow peers. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just trying to maximize profits but also assist each other to grow and learn more about acquiring opportunities in the stock market left and right.