Stock trading can be a high-stakes game. On certain days, you might enjoy the benefits of pleasing and positive numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to get back to where you were at your peak. If you are always in the mud it is important to recognize that relying on instinct and survival is not always enough.
If you’ve suffered occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve identified an online platform that will help you in your improvement in the industry. We’ll take an in-depth 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.
Overall Rating: 4.1/5 Profitly Enhanced Investor
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of all levels to be informed and accountable, as well as transparent and encouraging each other through its broad range of features and tools such as trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for those who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Providing users with a wide array of options to facilitate trade and communication and letting traders from all walks of life connect with one another. It offers gurus with an opportunity to invest in the right areas that the site. Consider it an online social media platform similar the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it ensures that the 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 guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes stated that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never previously done.” The idea, he added, served two objectives: one) creating public track records for all traders, not just the gurus as well as newsletter writers and students, and 2) giving anyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Profitly Enhanced Investor
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of services and features geared towards achieving success. You may set up an account on the site at no cost, however you’re only given access to the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s deals, which we will go over shortly.
The process of opening an account is simple: Create an account that includes your personal information and skills, join your brokerage account, and you have yourself an opportunity to make through the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a glimpse of the performance of the trading community as well as its experts. You’re not just allowed to prove your worth to a large group of traders, but you can also utilize Profit.ly to purchase with a guru, and have the confidence that you are confident in their skills and the legitimacy of their claims.
If you are unsure about the idea of divulging the details of your broker account then you could decide to share your trades, verified or otherwise, through screenshots. In Profit.ly are a variety of trading courses as well as the ability to look at statistics on a person’s profile, and more ways to interact with your experts through the chatroom 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 famously known for delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small company’s shares that trade for just less than 5 cents per share. The trading of penny stocks is a stepping stone for small businesses to transition to a large marketplace as it allows them to access capital from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes will be able to tell you because of his decades of experience.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of profits through his lengthy career as a trader. At 25 years old Tim Sykes had received greater exposure and an even wider impact when he became part of the reality show “Wall Street Warriors.” He then used the opportunity to develop trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place of transparency, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have earned substantial amounts of money from their collective years of experience. Profitly Enhanced Investor
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their niche in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, only two gurus remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at what packaged deals 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 monthly, you’ll be able to see him focus on the fundamental stock catalysts and use them to forecast the next move that is possible when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS and Android devices, text, e-mail, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. At $149.95 monthly, it is the perfect plan for those who are more invested in penny stock trading. Pennystocking Silver offers all the essential features of prior plans, including alerts for swing trading and access to a collection of more than 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Profitly Enhanced Investor
The Superman Alerts package is his package of vital features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket along with the mobile app, the daily market commentary shown in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base that is provided by Superman himself, via his Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. Additionally, you’ll also get access to premium research reports and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to get you up and running. The platform has three membership levels that are designed to accommodate traders at different levels. Let’s break down what these three tiers are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. When you sign up for this package, you will be immediately provided with a variety of powerful and essential trading tools, each of them integral in keeping your hands on what we could call a ruthless process in and of itself.
Some of the features you can do using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading and even texting your fellow traders, as well as providing feedback on trades today. You can also get onto leaderboards; study your trades, sort as well as filter trades; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive 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 gain an account with this option, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to use many of the features of the novice plan. It is in this plan that you can set up an individual profile that allows you for sharing with fellow associates all your insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to develop their expertise in trading. Although it’s a nice thing, there is one significant element that’s missing. As opposed to the prior Novice package, you will not be able to view the statistics of other traders that might be a drawback for those anticipating this level. Profitly Enhanced Investor
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly offers to experienced traders. With $74.95 per month, which includes 22% off when billed annually, this tier has it all. You get full, no-holds-barred access to all features of the previous plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the option of creating your own 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 in search of an option that gives you with everything you require as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly provides a variety of other services they offer. One of these is its online store, where customers can choose from a wide array of video products created to guide you through the nuances and pitfalls of trading. The products listed on this page of the site can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all 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 chat rooms that are integrated are included in Profit.ly’s variety of services and features. You may be familiar with the chat room since you will see it on messaging and social platforms, in addition to a few special websites that provide live chat support. But on Profit.ly, it is seen as a hands-on space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members there. One might be laid back and rarely active, while another might be more interactive and online with their students. Think of chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock trader types, from novices to the most experienced. Considering the number of offers it can provide, the platform surely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. Not only will they get daily videos and chat room advice by its internal gurus and members. They’ll also be able to pick from the merchandise available from its online store to carry with them wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll realize that the process is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have many years of experience down the road, we consider Profit.ly equally suited to them as those who are just starting. While novice traders may not be as adept at handling trading matters however, experienced traders know how it works along with the risky mix that come with it. Ideally, they may 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 experts and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the excitement! Trade professionals who are at similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders in order to assist them in the ever-changing trading process. Profitly Enhanced Investor
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders across the globe with a wealth of education communications, trading, and communication tools
- You get to be taught by experts and advice from the company’s inside experts, as well as libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its main 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 images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There’s something for everyone
The Cons
- Profit.ly’s abundance of products and packages offered might seem overwhelming for the majority of its users
- As traders may opt to post any kind of trade, there’s a possibility that some of them may take advantage by picking the most profitable trades to increase the rating – this may be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds because the premium customers are expected to immediately take advantage of the numerous services that the platform can provide
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The Final Concluding Question: Is Profit.ly Valued?
If we could come up with the answer, it’s a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally designed to be used to achieve this goal. Instead, it is best to keep curiosity. Profitly Enhanced Investor
What we do mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck may discover Profit.ly’s array of resources useful in their efforts to avoid losses and be more successful than they did before. Not only struggling traders that will benefit from this platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become more successful in trading and would like to learn from your fellows and gurus on the way, take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Profitly Enhanced Investor
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries within the “My Trade’ category of the dashboard that lets you post your trades, either verified or otherwise. There are three options:
- Linking your account to the broker of choice and import trades directly from there
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot 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 likelihood that it can be verified. This is shown by the blue check mark. If you post the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unverified trade is the possibility of receiving negative feedback from friends and colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are trying to maximize profits but also help each other learn and improve in acquiring stock market opportunities both right and left.
