Stock trading can be an exciting game with high stakes. On certain days, you could have the benefit of pleasing and positive numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to return to where you were your best. If you’re always in the mud, you will have to realize that relying on instinct and survival might not be enough.
If you’ve been incurring loss from time to time, 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 globe. That’s why we’ve identified a platform that can support you to improve your performance in the market. In this review, we’ll be taking 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profitly Down For Maintenance
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of all levels to be knowledgeable, transparent, accountable, and encouraging each other through its broad range of features and tools including chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for people who are just beginning their journey as well as a place for experienced traders to track their performance with the help of cutting-edge analytics tools. Offering users a broad range of resources for trade and communication, it helps traders from all walks of life network with each other. It also allows gurus to make worthy investments within the boundaries of this platform. Imagine it as the social media equivalent the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are valid and won’t accept fake news as long as possible. It was established many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that was never prior to.” The idea Sykes said served two goals: 1.) creating public track records for everyone, not just the experts and newsletter writers and students as well as) allowing anyone on the platform to learn from the losses and wins for the trading industry’s benefit. Profitly Down For Maintenance
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of tools and services that are geared towards achieving the success of their business. It is possible to create an account there for free, but you’re only given access to the leaderboards and monitor 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 it is necessary to join one of Profit.ly’s offers that we’ll discuss in the near future.
The process of opening an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you have yourself an opportunity to make through at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into their performance as a trading group as well as its gurus. It’s not only a chance to show your worth to a large group of traders, but you are also able to use Profit.ly to shop from a guru with the confidence that you are confident of their knowledge and the credibility of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you may choose to publish your trades, whether verified or not, via photographs. In Profit.ly are a variety of trading classes, the ability to view the stats of a trader’s account and other methods to communicate with your gurus via chatrooms in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” is a small business’s shares that trade for under $5 for each share. Penny stock trading could be viewed as an opportunity for small businesses to transition to a market that is larger as it gives them access to money from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell through his many years of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, made over $6 million of earnings during his long and successful career as trading professional. At the age of 25 Tim Sykes had received more exposure and a wider influence over time as a participant in the reality show “Wall Street Warriors.” He used the opportunity to develop trading rooms and penny stock themes and educational content geared toward people who are brand new to trading. He also played a role in establishing Profit.ly as a platform for transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have made substantial profits through their years of knowledge. Profitly Down For Maintenance
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that 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 making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as Android devices; texts, emails and push alerts and a daily stock watchlist.
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 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 including alerts for swing trading and access to a rich collection of more than 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Down For Maintenance
The Superman Alerts package is his offering of essential features and alerts on trading 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 app, daily market commentary in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base that is provided by Superman himself via his Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. In addition you’ll also have an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers that cater to traders at different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. As you sign to this plan, you will be immediately offered a range of strong and essential trading tools, all of them integral in keeping your fingers on what call a competitive procedure in its own.
Among the list of things you can do with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following and even chatting with your fellow traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study, sort, as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone however, there’s a drawback. It isn’t possible to create a private account, making your actions public. If you’re looking to get access to this feature, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use the majority of features available in The Novice package. It is in this plan that you can set up a private profile for sharing with fellow associate users all your knowledge and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to harness their expertise in trading. As nice as it seems but there’s one important aspect that’s not included. In contrast to the Novice package, you won’t be able view the statistics of other traders, which could be a problem for those who are looking forward to this tier. Profitly Down For Maintenance
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly offers to experienced traders. With $74.95 per month, which includes a 22% discount for annual billing This plan offers everything. It gives you full, unlimited access to all the options of the previous plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the opportunity to create your own private profile. Both of these features, in addition to the advantages you’ll be able to use to their fullest capacity. If you’re looking for an option that gives all the features you need to be trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly has a few more services it has to provide. One of those is its online store, where customers can pick from a range of video products designed to inform and help you understand the ins and outs of trading. The products listed on this page of the website can be purchased immediately for personal use. Among these products include best-sellers such as the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and clips of The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of features and services. You’re probably familiar with the concept of the chat room as you will see it on social and messaging platforms, and also on a few specialty websites that provide live chat support. But on Profit.ly, it is seen as a real-time place where gurus and their members can interact and learn in real time. Every guru has their own style in operating their chat room and dealing with the members. One of them may be laid back and rarely active, while another may be more interactive and online in their interactions with students. Consider chat rooms as Profit.ly’s version of the forum in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, ranging from beginners to experienced pros. Considering the number of offers it has to offer, the platform surely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s library of learning materials available across the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus and their members. They’ll also be able pick from the merchandise available from its online store to carry with them wherever they may go. You can also get hands-on experience trading on the platform, but ultimately 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 years of exposure down the line, we believe Profit.ly as equally as suitable to the newcomers. While the newbies may not be as proficient in dealing with trading issues but the experts already know how it works and the plethora of risks that come with it. Ideally, they may use Profit.ly’s variety of options to their maximum advantage to improve their trading abilities. Like beginners, they can study from the gurus and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the enjoyment! Trade professionals who are at an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to guide them through the ever-illustrious trading process. Profitly Down For Maintenance
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You get to be provided with excellent lessons and insights from its in-house gurus, including collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core 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 screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
The Cons
- Profit.ly’s abundance of packages and products offered may seem overwhelming for a lot of its customers
- Since traders can choose to open any kind of trade, there is a possibility that some of them may take advantage by picking the most profitable trades to improve their ratings this could be a problem 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 provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of an answer to this question, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t intended to be created in this way. Instead, you need to have the ability to think with an open heart. Profitly Down For Maintenance
What we are referring to”yes” is it could be a useful learning tool. People who are stuck may find Profit.ly’s variety of resources to be helpful as they do their best to incur lesser loss and perform better than they did before. Not only struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be a better trader and want to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Profitly Down For Maintenance
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has a trade entry portion in the My Trade’ category of the dashboard. It allows you to post your trades, either verified or not. There are three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
How do I know if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there’s the chance that it is verifiable. This is indicated with the small blue check. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the chance of getting downvotes from your fellow peers. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are seeking to make the most profit but also help each other learn and improve in acquiring opportunities in the stock market both right and left.
