Stock trading can be a high-stakes game. On some days, you might be reaping the benefits of pleasing and positive numbers. On other days, however it could be the reverse, and it may sometimes be very difficult to get back to the point you were at your peak. If you find yourself immersed in the water it is important to realize that relying on your instincts and preserving may not always be enough.
If you’ve experienced occasional losses You’ll need 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 found an option that can help you in your improvement in the market. In this review, we’ll take 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitly Forum
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informative, transparent, accountable, and to build relationships with one another through its wide array of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for people who are just beginning their journey and as a hub for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Offering users a broad variety of tools for communication and trade, it helps traders from all walks of life connect with one another. It offers gurus with worthwhile investments within the confines of this platform. Imagine it as an online social media platform similar like Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are authentic and won’t accept fake news as long as it is 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 magazine, Sykes stated that Profit.ly was based “on showing the entire spectrum of trades, something which was never prior to.” The concept Sykes said served two objectives: one) keeping track of public data for everyone, not just the experts, but also the students and newsletter writers as well as) giving all users to gain insight into the losses and wins to benefit the industry of trading. Profitly Forum
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of tools and services that are geared toward success. It is possible to create an account on the site at no cost, however you’re limited to the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s offerings, which we will go over shortly.
The process of opening an account is simple: Create an account with your experience and skills, join your brokerage account, and you have yourself the chance to climb your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a glimpse of their performance as a trading group as well as its gurus. You’re not just allowed to demonstrate that you’re worthy to the large group of traders. You can also utilize Profit.ly to shop from a guru with the assurance that you’re comfortable in their skills and the credibility of their claims.
If you are unsure about the concept of leaking information about your account with a brokerage, then you could opt to post your trades, whether verified or not, via pictures. Included in Profit.ly is the huge selection of trading courses as well as the ability to look at stats in a trader’s profile and other methods to interact with your experts in the chatroom, in addition to notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for delving his hands into the penny-stock market. According to Investopedia, a penny stock is a small business’s stock that trades for just less than 5 cents per share. Penny stock trading is an opportunity for small companies to move into a larger market because it gives them access to funds from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes will be able to tell you because of his decades of expertise.
Beginning in the latter years of high school, Tim Sykes has, since then, made an estimated $6 million earnings through his lengthy career as trading professional. At the age of 25 Sykes was given greater exposure and an even wider impact as a participant in the reality series “Wall Street Warriors.” Then, he used the opportunity to create trading rooms and penny stock themes and educational material aimed at those who are new to the trading field. He also played a role in establishing Profit.ly as a platform for openness, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education resources, trade alerts, and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have earned significant amounts of profit from their collective years of expertise. Profitly Forum
At its peak, Profit.ly had housed up to five gurus, all of them a professional within their particular field in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, 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 we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to predict the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS as well as Android devices, email, text, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 monthly, it is an ideal plan for investors who are involved in the penny-stock market. Pennystocking Silver comes with all the standard features found in prior plans, which includes swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by 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. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Profitly Forum
The Superman Alerts plan is an package of vital features and alerts on trading geared to those interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket along with the mobile app, the daily market commentary shown in real time, and SMS and e-mail 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 through Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. Additionally, you’ll also get an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of resources to help you going. The platform offers three membership tiers that cater to traders of different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. When you sign to this plan you’ll be given a slew of robust and essential trading tools, all 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 ability to verify the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as providing feedback on trades today. You’re also allowed to get onto leaderboards; study, sort, as well as filter trades; and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per month. Although it looks attractive just by the price but there’s a disadvantage. You can’t create a private profile, which makes your activities publicly available. If you do want to have an account with this option, you should keep an eye on us as we present to you Profit.ly’s new plan.
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 create an individual profile that allows you to share with other associate users all the insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to improve their trading skills. Although it’s a nice thing but there’s one important element that’s missing. In contrast to the Novice package, you will not be able to view other traders’ statistics this might be a drawback for some who may be looking forward to this tier. Profitly Forum
Pro Plan
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. At $74.95 monthly, and a 22% discount when billed annually This plan offers everything. You will have full, unrestricted access to all features of the prior plans.
Not only do you get to see other users’ stats, but you’re also given the chance to create an individual profile. These two features are in addition to the advantages that you can utilize to the fullest potential. If you’re looking for an account that will give 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 provides a variety of other services they provide. One of those is its online store, which allows users to pick from a range of videos created to help you understand the ins and outs of trading. All of the products featured in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other aspects of trading. There are also clips and clips from the Annual Pennystocking Conference, and items from other experts in trading.
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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 chat room as you can see it across social and messaging platforms and also on a few specialty websites that provide live chat assistance. But on Profit.ly it’s seen as a real-time area where experts and members can interact and share knowledge in real-time. Every guru has their own style in operating their chat room and in dealing with the members there. Some may be more laid back and not very often engaged, while another could be more active and in touch in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum, in the 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 trader types, from novices to experienced professionals. With the variety of deals it offers it is certain to have something for everyone.
For instance, newbies will appreciate Profit.ly’s collection of educational materials available across the platform. They will also be provided with videos every week and chat room tips from the in-house experts and their members. They’ll also be able pick from the merchandise available in its online store to carry with them wherever they go. They can also gain hands-on experiences from trading within the platform, but eventually they’ll realize that the process is a risky game that should not be viewed as a joke.
For traders who have years of exposure down the line, we believe Profit.ly as equally as suitable to them as the newcomers. While the newbies may not be as proficient in handling trading matters but the experts already know the way it functions and the risky mix that it carries. In the ideal scenario, they can utilize Profit.ly’s range of features to their best advantage to enhance their trading abilities. Like novices, they can learn from the top experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the fun! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others in order to guide them through the ever-illustrious trading process. Profitly Forum
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with a wealth of education tools, communication, and trading tools
- You will receive excellent training and insights from its 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 and fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and authentic trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking screenshots
- 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 bountiful stream of packages and services offered could be too much for a lot of its customers
- If traders decide to make any type of trade, there’s an opportunity that some them will profit by cherry-picking the best trades to boost their rating This could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds as its premium users are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with the answer, it’s yes. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally intended to be created for this reason. Instead, you should have the ability to think with an open heart. Profitly Forum
What we are referring to by ‘yes’ is that it can be a great learning tool. For those who are struggling, they might discover Profit.ly’s range of resources to be helpful as they do their best to incur lesser losses and perform better than before. It’s not only the struggling traders who will profit from the platform. It can accommodate beginners and even experts!
So, if you genuinely care about being better at trading and wish to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly may be a great alternative to start.
FAQ Profitly Forum
How do you use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries in the My Trade category on the dashboard. It lets you post your trades, either verified or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there’s a high probability that it’s verifiable. This is shown by the small blue check. If you upload the information manually or via pictures, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of receiving downvotes from fellow peers. A large number of downvotes could cause you to be listed in the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of stock market opportunities left and right.
