Stock trading is an extremely risky game. On some days, you might enjoy the benefits of positive and satisfactory numbers. On other days, the opposite may happen and it could be very difficult to return to the point you were at your peak. If you’re immersed in the water You will need to recognize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe. That’s why we’ve found an online platform that will help you in your improvement in the industry. We’ll be taking an in-depth look at Profit.ly A well-respected 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Profitly From A Bank
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of various levels to be informed, transparent, accountable, and to build relationships with each other by offering a wide array of tools and features like chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for people new to trading and also as a platform for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. It provides users with a vast range of resources to facilitate trade and communication, it helps traders from every field of business connect with each other. It gives the gurus worthwhile investments within the confines that the site. Imagine it as a social media site akin to Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes publication, Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that was never previously done.” This idea Sykes said served two objectives: one) keeping track of public data for all traders, not just the gurus and students and newsletter writers and secondly) making it possible for all users to learn from the losses and wins to the benefit of the trading industry. Profitly From A Bank
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of features and services aimed towards achieving the success of their business. You can create an account on the site at no cost, however you’re only given the capability to browse the leaderboard and follow 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 You’ll need to join one of Profit.ly’s offers that we’ll review in the coming days.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll have the chance to climb your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users an insight into the performance of the trading community and its gurus. It’s not only a chance to show your worth to a group of traders. You are also able to use Profit.ly to buy from a guru with the assurance that you’re confident with their expertise and the credibility of their claims.
If you feel uneasy with the concept of leaking the details of your broker account you may opt to post your trades, either verified or otherwise, through pictures. Included in Profit.ly are a variety of trading classes as well as the ability to look at stats in a trader’s profile as well as other ways to communicate with your gurus via chatrooms along with email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. The penny stock market can be seen as an avenue for small companies to move to a market that is larger as they can access money from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes will be able to tell you thanks to his years of experience.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, earned over $6 million of profits during his long and successful career as trader. At 25 years old Tim Sykes had received more exposure and a wider influence over time as a participant in the reality show “Wall Street Warriors.” He then made use of the show to establish trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also helped to establish Profit.ly as a place for transparency, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the trading experts who have earned significant amounts of profit through their years of experience. Profitly From A Bank
At its height, Profit.ly had housed up to five gurus, all of them a pro in their niche within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among 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. When we take that into account, let’s take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next move that is possible when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS as well as Android devices, texts, emails and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. At $149.95 for a month this is an ideal plan for investors who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features found in prior plans, including swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos and new videos released weekly.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Profitly From A Bank
The Superman Alerts plan is an offer of the most essential features and trading alerts geared to those interested. For $147/month, you’ll get access daily premarket stock watchlist and the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge of information provided by Superman himself, via Superman Pro. 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 previous lessons. On top of that you’ll also gain access to premium research reports and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of resources to get you going. The platform has three membership levels, each designed for traders with different levels. Let’s break down what these three are and how much they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. Once you have signed to this plan you’ll be offered a range of strong and indispensable trading tools, all of them integral in keeping your hands on what we could call a ruthless process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit; leading, following and even texting your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per month. While it may look attractive just by the price however, there’s a drawback. You can’t create a private profile, thus making your actions public. If you’re interested in have access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package lets users to benefit from a majority of features from the Novice plan. This plan allows that you can create a private profile to share with fellow associate users all the insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to improve their skills in trading. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, you won’t be able view other traders’ stats, which could be a problem for some who may be eager to try this new tier. Profitly From A Bank
This is by far the highest luxurious package Profit.ly offers to experienced traders. With $74.95 monthly, which includes 22% off when billed annually, this tier has it all. It gives you full, unlimited access to all features from the two previous plans combined.
Not only do you get to look at other people’s statistics as well, you’re also offered the option of creating an individual profile. Both of these options, on top of all the benefits that you can use to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly provides a variety of other services they offer. One of those is its online store, where customers can choose from a wide array of videos that are designed to educate and provide guidance on the nuances and pitfalls of trading. The products listed on this page of the website is available to be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage of The Annual Pennystocking Conference, and products from other expert traders.
The chat rooms that are integrated are included in Profit.ly’s array of services and features. You’re probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, in addition to a few special websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a hands-on place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members there. Some may be laid back and rarely active, while another may be more online and communicative in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock traders, from beginners to experienced pros. With the variety of deals it can provide this platform definitely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. They will also get daily videos and chat room advice from its in-house gurus as well as their members. They’ll also be able to choose from the items in its online store for them to take wherever they may go. You can also get hands-on experiences by trading through the platform, but eventually they’ll be able to realize that trading is a high stakes game that shouldn’t be taken as an amusing pastime.
For the traders with years of exposure down the line, we believe Profit.ly equally suitable to those who are just starting. While novice traders may not be as adept at managing trading however, experienced traders know how it works and the plethora of risks that come with it. Ideally, they may make use of Profit.ly’s array of features to their full advantage to develop their skills in trading. Like novices, they can study from the gurus as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the enjoyment! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others in order to navigate them through the ever-changing trading process. Profitly From A Bank
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You will be taught by experts and tips from the internal experts, which include collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost – there truly is something for all
- Profit.ly’s abundance of products and packages offered might be too much for the majority of its customers
- If traders decide to post any kind of trade, there is the possibility that some of them will profit by selecting the best trades in order to improve their ratings This could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds because the premium customers will immediately take advantage of the numerous services the platform has to provide
The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could come up with an answer to this question, it’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t intended to be created to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Profitly From A Bank
What we do mean”yes” is it is a fantastic learning tool. For those who are struggling, they may be able to find 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 poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts!
If you really desire to be 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 may be a great option to begin.
FAQ Profitly From A Bank
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has a trade entry portion within the ‘My Trade’ category of the dashboard which lets you post your trades, either verified or not. There are three options:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your trades
How do I know whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there is the chance that it is verifiable. This is shown by the small blue check. If you submit the information manually or via images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of getting downvotes from your friends and colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Does 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 on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities in the stock market both right and left.