Stock trading is an extremely risky game. On certain days, you may be reaping the benefits of positive and satisfying numbers. On other days, the opposite may happen and it can be extremely difficult to return to where you were your peak. If you find yourself always in the mud, you will have be aware that relying solely on your instincts and preserving is not always enough.
If you’ve been incurring occasional losses You’ll need reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe, which is why we’ve discovered an option that can help you in your growth in the market. We’ll take an in-depth look at Profit.ly is a well-known 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 Etrade
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of all levels to be informative, transparent, accountable, and encouraging each other through its broad range of features and tools like chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for traders who are just beginning their journey and also as a platform for experienced traders to track their performance through the use of advanced analytics tools. Providing users with a wide variety of tools for communication and trade that help traders from all walks of life network with one another. It gives the gurus worthwhile investments within the confines of the platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are authentic and won’t allow for fraud as much as is humanly possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that was never prior to.” The idea, he added, served two goals: 1.) creating public track records for everyone, not just the experts and newsletter writers and students as well as) giving everyone on the platform to learn from the losses and wins for the trading industry’s benefit. Profitly Etrade
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of tools and services that are geared toward achievement. You can create an account on the site for free, but you’re only given the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time, you will need to join one of Profit.ly’s offerings that we’ll review in the coming days.
Making an account easy: create an account with your experience and expertise, connect your brokerage account, and you’ll have the chance to climb your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users an insight into the performance of the trading community and its gurus. It’s not only a chance to demonstrate value to a community of traders, as you can also use Profit.ly to shop from a guru with the confidence that you are confident in their skills and the credibility of their assertions.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you can decide to share your trades, either verified or not, via screenshots. In Profit.ly are a variety of trading classes and the capability to see statistics on a person’s profile, and more ways to interact with your experts in the chatroom, as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock is a small business’s shares that trade for less than $5 per share. Penny stock trading is a stepping stone for small-scale businesses to make the transition to a market that is larger as it allows them to access funds from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of experience.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, earned an estimated $6 million profits through his lengthy career as a trader. At 25 years old, he had been given greater exposure and a larger impact as a participant in the reality TV show “Wall Street Warriors.” He then took advantage of it to develop trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also played a role in establishing 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 amazing features is the wide range of educational sources, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the experts in trading who have earned significant amounts of profit from their collective years of knowledge. Profitly Etrade
At its height, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise in the field of trading. Some of the prominent gurus included 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 as well as penny-stock trader 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 offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to 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 in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS as well as 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 most premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 monthly, it is an ideal plan for those who are more committed to investing in penny stocks. Pennystocking Silver includes all the basic features that were included in prior plans, including swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Profitly Etrade
The Superman Alerts package is his offering of essential features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile app, daily market commentary in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base of information provided by Superman himself, via the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. On top of that, you’ll also get access to premium research reports and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave a mark in the market, Profit.ly has the right amount of tools to get you started. The platform offers three membership levels, each designed for traders at different levels. Let’s break down what these three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. As you sign up for this plan you’ll be given a slew of robust and indispensable trading tools, all of which is essential to keep 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 include the ability to verify trades and track profits and follow-up, leading and even texting other traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study, sort, and filter your trades and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your actions public. If you’re looking to get the benefit of this service, stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader plan allows you to use many of the features of the novice plan. This plan allows that you can create a private profile to share with fellow associates all your insights and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to harness their expertise in trading. As nice as it seems but there’s one important feature that is missing. Unlike the previous Novice package, you will not be able to view the statistics of other traders this could be a disadvantage for those looking forward to this tier. Profitly Etrade
Pro Plan
The Pro plan is the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 monthly, which includes a 22% discount for billing annually, this tier has everything. It gives you full, unlimited access to all the features of the previous plans.
You’re not only able to see other users’ stats as well, you’re also offered the opportunity to create your own private profile. Both of these features, in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for an option that gives you with everything you require as a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly has a few other services they provide. One of them is the online store, where customers can pick from a range of videos created to provide guidance on the ins and outs of trading. The products listed in this section of the site can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and other aspects of trading. There are also clips and scenes of events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s array of services and features. You may be familiar with chat rooms since you can see it across messaging and social platforms, in addition to a few special websites that provide live chat support. But in Profit.ly it’s seen as a real-time space where experts and their members can interact and learn in real time. Every guru has their own way in operating their chat room and in dealing with the members there. One of them may be a laid-back person who is rarely active, while another might be more online and communicative with their students. Think of the chat rooms as Profit.ly’s version of the forum in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, from novices to the most experienced. With the variety of deals it offers this platform definitely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. Not only will they be enriched with weekly videos and chat room tips from its in-house gurus and members. They’ll also be able to select from the products in its online store for them to take wherever they may travel. You can also get hands-on experiences by trading through the platform, however, they will soon learn that this is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we see Profit.ly equally suitable to people who are just beginning. While the newbies may not be as adept at dealing with trading issues, the pros already understand how it works and the risky mix associated with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to improve their trading abilities. Like beginners, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
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 at similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to help assist them in the ever-changing trading process. Profitly Etrade
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You will be taught by experts and insights from its in-house gurus, including collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates – there truly is something for everyone
The Cons
- Profit.ly’s numerous packages and services offered could not be enough for most of its users
- Since traders can choose to make any type of trade, there’s a possibility that some of them may take advantage by cherry-picking the best trades to increase the rating – this may be a concern that should not be ignored.
- Profit.ly does not offer refunds, as its premium users will immediately benefit from the many services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it would be a ‘yes’. But you need to understand 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 should have an open mind. Profitly Etrade
What we are referring to by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they may find Profit.ly’s array of resources to be helpful in their efforts to reduce losses and perform better than they did before. It’s not just the struggling traders that will benefit from this platform. It is able to accommodate novices and even experts!
So, if you genuinely desire to be more successful in trading and would like to learn from your mentors and peers throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ Profitly Etrade
How do you use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries in the My Trade section of the dashboard that allows you to post your trades that are verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your transactions
How can I tell if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there’s the probability that it’s verifiable. This is shown by the blue check mark. If you upload it manually or through images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the risk of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also to help one another learn and improve in acquiring stock market opportunities all over the world.
