Stock trading can be a high-stakes game. On certain days, you may be reaping the benefits of pleasing and positive numbers. On other days, however you may experience the opposite, and it may sometimes be extremely difficult to get back to where you were your best. If you find yourself always in the mud, you will have be aware that relying solely on instinct and survival may not always be enough.
If you’ve experienced loss from time to time You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the world, which is why we’ve found an online platform that will help you in your improvement in the market. This review will be taking a look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 Profitly David Gordon
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be knowledgeable responsible, transparent, and encouraging each other by offering a wide variety of tools and features including chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for traders new to trading and also as a platform for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Offering users a broad range of resources to facilitate trade and communication, it helps traders from every field of business connect with each other. It offers gurus with worthy investments within the boundaries of the platform. Consider it 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 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 accept fake news as long as it is possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine Sykes declared that Profit.ly was based “on showing the entire spectrum of trades, something which was never previously done.” The concept Sykes said served two goals: 1.) creating public track records for everyone, not just the experts and students and newsletter writers as well as) allowing anyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Profitly David Gordon
How Does It Perform?
Profit.ly is a subscription-based platform 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 there for free, but you’re only limited to having the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s offerings, which we will discuss in the near future.
Making an account simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you have yourself a chance to shoot your way to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a look at their performance as a trading group as well as its experts. It’s not just a way to show your worth to a group of traders, as you can also use Profit.ly to buy with a professional with the confidence that you are confident of their knowledge and the legitimacy of their assertions.
If you are unsure about the idea of divulging your brokerage account, you can choose to publish your trades, either verified or otherwise, through screenshots. In Profit.ly are the vast number of courses in trading as well as the ability to look at stats in a trader’s profile, and more ways to interact with your experts 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 guru who is famously known for his involvement in the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. The penny stock market could be viewed as an opportunity for small businesses to transition to a market that is larger as it allows them to access funds from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell thanks to his years of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as trading professional. At 25 years old Sykes was given greater exposure and a larger influence over time when he was a part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place for transparency and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have proven to make significant amounts of profit from their combined years of knowledge. Profitly David Gordon
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise within the world 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 there are only two gurus who 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 packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him focus on the fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS and Android devices, texts, emails and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. At $149.95 monthly, this is a great option for investors who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features of prior plans, such as swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Profitly David Gordon
The Superman Alerts plan is an offering of essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile app, daily market commentary in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable 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 daily video lessons, which include the growing collection of other previous ones. In addition, you’ll also get access to premium research reports and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and make a mark on the market, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s take a look at what these three tiers are and how much they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. When you sign up for this package you’ll be given a slew of robust and essential trading tools, all of which is essential to keep your fingers on what we can describe as a cutthroat process by itself.
Some of the features you can do using Profit.ly’s Novice package 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 can also get on leaderboards, analyze, sort, as well as filter trades and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, thus making your actions public. If you’re looking to have access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to use the majority of features available in the novice plan. It is in this plan that you can set up an account that is private for sharing with fellow associate users all the insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their skills in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. In contrast to the Novice package, this one won’t be able to see the statistics of other traders this could be a problem for some who may be eager to try this new tier. Profitly David Gordon
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. At $74.95 monthly, which includes 22% off for annual billing This plan offers it all. You get full, no-holds-barred access to all the options of the prior plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the chance to create an individual profile. These two features are on top of all the advantages you’ll be able to use to the maximum extent. If you’re in search of a plan that can serve all the features you need to be trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly offers a number of more services it has to provide. One of them is the online store, which allows users to select from a variety of videos created to guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and other 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 as well part of Profit.ly’s variety of services and features. You are probably familiar with the chat room as you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a hands-on place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members. One of them may be a laid-back person who is rarely active, while another might be more active and in touch in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock traders, ranging from beginners to experienced pros. With the variety of deals it offers it is certain to have something for all.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts as well as their members. Additionally, they can choose from the items on its store online for them to take wherever they may travel. You can also get hands-on experiences by trading through the platform, however they’ll realize that this is a high stakes game that should not be viewed as an amusing pastime.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suitable to people who are just beginning. Although the novices might not be as well-equipped with dealing with trading issues however, experienced traders know how it works along with the stack full of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s variety of options to their maximum advantage to develop their skills in trading. Like beginners, they can learn from the top experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the enjoyment! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to guide them through the ever-illustrious trading process. Profitly David Gordon
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 a wealth of education, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There is truly something for every person
- Profit.ly’s abundance of packages and products offered may seem overwhelming for the majority of its users
- As traders may opt to open any kind of trade, there is an opportunity that some them will profit by cherry-picking the best trades to increase the rating this could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds, as its premium users will immediately benefit from the many services the platform has to provide
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The Final Verdict is: Is Profit.ly worth it?
If we could come up with the answer, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always intended to be created to achieve this goal. Instead, you need to have an open mind. Profitly David Gordon
What we are referring to”yes” is it can be a great learning tool. People who are stuck could discover Profit.ly’s range of resources useful as they do their best to incur lesser losses and be more successful than before. Not only poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
If you truly desire to be more successful in trading and would like to learn from your peers and experts on the way, look no further – Profit.ly is a fantastic alternative to start.
FAQ Profitly David Gordon
How can you make use of Profit.ly to make your trades public?
Profit.ly has a trade entry portion within the My Trade’ category of the dashboard that allows you to post your trades that are verified or not. You may choose between three options:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is indicated with the small blue check. If you post the information manually or via images, it will be classified as unverified.
The drawback of posting an unverified trade is the risk of receiving negative feedback from colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where users are able to identify who is 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 from the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities on the stock market left and right.