Stock trading can be an exciting game with high stakes. On certain days, you might enjoy the benefits of pleasing and positive numbers. On other days, however it could be the reverse and it could be very difficult to return to where you were your most productive. If you are always in the mud You will need to realize that relying on pure instinct and preservation is not always enough.
If you’ve suffered occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the globe. That’s why we’ve found an online platform that will help you in your growth in the industry. This review will be taking a look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 Profitly During The Great Depression
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of all levels to be informative responsible, transparent, and encouraging each other by offering a wide array of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for those new to trading and also as a platform for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Providing users with a wide array of options for trade and communication, it helps traders from all walks of life connect with each other. It also allows gurus to make worthwhile investments within the confines of this platform. Consider it a social media site akin to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are valid and won’t accept fake news as long as is humanly possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes publication, Sykes stated that Profit.ly was based “on showing every trade, something that has never been prior to.” This idea, he added, served two objectives: one) making public records for not just the gurus, but also the newsletter authors and students and secondly) allowing everyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Profitly During The Great Depression
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of features and services aimed toward success. It is possible to create an account for free, but you’re only limited to having access to the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s deals, which we will review in the coming days.
The process of opening an account is simple: Create an account with your experience and skills, join your brokerage account, and you have yourself a chance to shoot your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users an insight into the performance of the trading community as well as its gurus. It’s not only a chance to demonstrate that you’re worthy to the large group of traders, but you can also use Profit.ly to shop from a guru with the assurance that you’re confident in their skills and the credibility of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, then you could decide to share your trades, whether verified or not, via pictures. Also included in Profit.ly are the vast number of trading classes as well as the ability to look at stats in a trader’s profile as well as other ways to connect with your gurus through the chatroom along with text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his efforts in penny stock trading. According to Investopedia Penny stock refers to a small company’s stock which trades at just less than 5 cents per share. The penny stock market can be seen as an avenue for small-scale businesses to make the transition to a large marketplace as they can access money from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal thanks to his years of expertise.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as trading professional. When he was 25 years old, he had been given greater exposure and a larger reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He took advantage of it to establish trading rooms and penny stock themes and educational material aimed at people who are brand new to trading. He also helped establish 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 sweet inclusions is the variety of education resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have earned substantial amounts of money from their collective years of experience. Profitly During The Great Depression
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the trading industry. Some of the prominent experts included 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 and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for 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 most premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 for a month it is an ideal plan for those who are more involved in investing in penny stocks. Pennystocking Silver offers all the essential features found in the previous plan, which includes swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos and new videos released every week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Profitly During The Great Depression
The Superman Alerts plan is an offering of essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket along with the mobile application, daily market commentary in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge of information provided by Superman himself via his Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. On top of that you’ll also gain an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s break down what these three levels are and what they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. As you sign to this plan you’ll be provided with a variety of powerful and indispensable trading tools, each one of them essential in keeping your fingers on what we call a competitive process by itself.
Some of the features you can do with Profit.ly’s Novice program is the capability to check trades and track profits and follow-up, leading and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, or filter the trades you make; and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price however, there’s a drawback. You can’t create a private profile, which makes your activities publicly available. If you do want to have the benefit of this service, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in the Novice plan. In this plan, that you can set up an individual profile that allows you to share with fellow associate users all your knowledge and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to develop their expertise in trading. As nice as it seems however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you will not be able to view other traders’ stats, which could be a disadvantage for those who are looking forward to this tier. Profitly During The Great Depression
The Pro plan is the most luxurious package Profit.ly offers to experienced traders. It costs $74.95 per month, which includes 22% off for billing annually This plan offers it all. You will have full, unrestricted access to all the features of the previous plans combined.
Not only do you get to look at other people’s statistics as well, you’re also offered the chance to create a private profile. Both of these features, plus the other benefits that you can use to the fullest potential. If you’re in search of 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 provided tools for training and leaderboards, Profit.ly has a few other services they provide. One of those is its online store, which allows users to select from a variety of instructional videos that are created to guide you through the nuances and pitfalls of trading. All of the products featured 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 professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other aspects of trading. There are also clips and clips from The Annual Pennystocking Conference, and other products by expert traders.
The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You are probably familiar with the concept of chat rooms since you can see it across messaging and social platforms, in addition to a few special websites that offer live chat assistance. But on Profit.ly, it is seen as a hands-on area where experts and members can interact and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members. One of them may be more laid back and not very often engaged, while another could be more online and communicative to their pupils. Think of the chat rooms like 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 are geared towards the wide range of stock traders, ranging from novices to experienced professionals. Considering the number of offers it offers it is certain to have something for everyone.
Beginners, for instance, 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 by its internal gurus and their members. They’ll also be able pick from the merchandise available on its store online for them to take wherever they may go. Additionally, they can gain practical experience trading on the platform, however they’ll be able to realize that the process is a risky game that should not be viewed as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we believe Profit.ly equally suitable for them as it is for the newcomers. While novice traders may not be as adept at managing trading however, experienced traders know how it works along with the plethora of risks associated with it. It is ideal to use Profit.ly’s array of features to their best advantage to improve their skills in trading. As beginners, they are able to learn from the experts and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the enjoyment! People in the trade industry who are at similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to help navigate them through the ever-changing trading process. Profitly During The Great Depression
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You will receive excellent training and insights from its inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There’s something for all
- Profit.ly’s numerous packages and products offered may not be enough for a lot of its users
- If traders decide to post any kind of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to improve their ratings This could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as its premium users are expected to immediately benefit from the number of services that the platform can provide
The Final Concluding Question: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it’s a ‘yes’. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform was not always designed to be used to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Profitly During The Great Depression
What we mean”yes” is that it can be a great learning tool. For those who are struggling, they might be able to find Profit.ly’s array of resources to be helpful as they do their best to incur lesser losses and perform better than they did before. It’s not just the poor traders that can benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely want to become better at trading and wish to be taught by your fellows and gurus on the way, look no further – Profit.ly could be a good choice to start.
FAQ Profitly During The Great Depression
How do you use Profit.ly to make your trades public?
Profit.ly offers an entry section for trades in the “My Trade section of the dashboard. It lets you post your trades, either 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 provided spaces and specifics
- Upload a screenshot of your trades
How do I know whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there is the chance that it is verifiable. This is shown by the blue check mark. If you post it manually or through images, it will be classified as unverified.
The drawback of posting an unverified trade is the chance of receiving downvotes from colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities in the stock market left and right.