Stock trading can be an exciting game with high stakes. On some days, you might be reaping the benefits of pleasing and positive numbers. On other days, however you may experience the opposite and it could be extremely difficult to return to where you were at your most productive. If you’re always in the mud it is important to realize that relying on pure instinct and preservation might not be enough.
If you’ve suffered occasional losses You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the world, which is why we’ve discovered a platform that can support you in your improvement within the field. This review will be taking an in-depth 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 Into The Wild
The User’s Experience 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be informed, transparent, accountable, and encouraging each other through its broad array of tools and features like trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for traders new to trading as well as a place for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. Providing users with a wide variety of tools to facilitate trade and communication that help traders from every field of business connect with one another. It also allows gurus to make worthwhile investments within the confines of the platform. Consider it an online social media platform similar the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The trading platform is built on trust and transparency. it ensures 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 guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes magazine Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that has never been done before.” The idea, he added, served two objectives: one) creating public track records for not just the gurus and newsletter authors and students, and 2) allowing anyone on the platform to learn from the losses and wins for the trading industry’s benefit. Profitly Into The Wild
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of tools and services that are geared towards achieving success. You may set up an account at no cost, however you’re limited to access to the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is easy: create an account with your experience and skills, join to your brokerage account and you have yourself a chance to shoot your way to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users an insight into how the community of traders performs as well as its gurus. You’re not just allowed to prove your worth to a group of traders, as you are also able to use Profit.ly to purchase with a guru, and have the confidence that you are confident of their knowledge and the legitimacy of their claims.
If you are unsure about the idea of sharing the details of your broker account then you could decide to share your trades, whether verified or otherwise, through photographs. Included in Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile, and more ways to communicate with your gurus in the chatroom, along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. Penny stock trading is an avenue for small businesses to transition to a large marketplace as they can access funds from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes can surely tell through his many years of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of earnings throughout his illustrious career as trader. At 25 years old Sykes was given greater exposure and an even wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He then used the opportunity to create trading rooms, penny stock themes, as well as educational content targeted at those who are new to trading. He also helped establish Profit.ly as a platform for transparency 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 most appealing features is the variety of educational 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 Into The Wild
At its height, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you will be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next move that is possible when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS as well as Android devices; text, e-mail and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 for a month it is a great option for those who are invested in penny stock trading. Pennystocking Silver includes all the basic features found in prior plans, which includes alerts for swing trading and access to a library of more than 7,000 instructional videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Profitly Into The Wild
The Superman Alerts package is his offer of the most essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile app, daily market commentary in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base of information provided by Superman himself through his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. Additionally you’ll also gain an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to help you going. The platform has three membership tiers, each designed for traders with different levels. Let’s take a look at what these three levels are and what they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. Once you have signed up for this plan, you will be immediately given a slew of robust and essential trading tools, all of which is essential to keep your fingers on what we call a competitive process by itself.
Some of the features you can do with Profit.ly’s Novice package include the ability to verify trades and track profits and follow-up, leading, and even messaging your fellow traders, as well as giving feedback on the trades of today. It also allows you to be onto leaderboards; study your trades, sort as well as filter trades and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it looks attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, thus making your actions public. If you’re looking to gain the benefit of this service, be watching for us to introduce to you Profit.ly’s new plan.
The Trader package lets you to take advantage of a majority of features from the Novice plan. This plan allows that you can set up an individual profile that allows you to share with fellow associate users all your knowledge and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to harness their skills in trading. As nice as it seems but there’s one important aspect that’s not included. In contrast to the Novice package, you won’t be able to see other traders’ statistics, which might be a drawback for those anticipating this level. Profitly Into The Wild
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. With $74.95 each month and an additional 22% discount when billed annually the Pro plan has everything. You will have full, unrestricted access to all options of the prior plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the chance to create your own private profile. These two features are plus the other advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives you everything you need as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly offers a number of more services it has to offer. One of them is the online store, which lets users pick from a range of videos created to provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other aspects of trading. There are also clips and clips from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You’re probably familiar with the concept of the chat room since you can find it throughout social and messaging platforms in addition to a few special websites that offer live chat support. However, in Profit.ly, it is seen as a real-time 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. One might be more laid back and not very often active, while another might be more interactive and online to their pupils. Consider chat rooms like Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, ranging from beginners to experienced pros. With the variety of deals it offers it is certain to have something for everyone.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. Not only will they be enriched with weekly videos and chat room advice by its internal gurus as well as their members. They’ll also be able to pick from the merchandise available on its store online for them to take wherever they be. Additionally, they can gain practical experience trading on the platform, however they’ll be able to realize that trading is a risky game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suitable for them as it is for people who are just beginning. Although the novices might not be as proficient in managing trading, the pros already understand the way it functions and the risky mix that it carries. Ideally, they may use Profit.ly’s range of options to their maximum advantage to enhance their trading skills. Like beginners, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the excitement! People in the trade industry who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to assist them in the ever-changing trading process. Profitly Into The Wild
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s in-house gurus, including libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s abundance of products and packages offered might not be enough for the majority of its customers
- If traders decide to make any type of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to increase the rating this could be a concern that should not be overlooked.
- Profit.ly does not accept refunds, as the premium customers are expected to immediately benefit from the many features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with an answer to this question, it would be a ‘yes’. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t meant to be designed to achieve this goal. Instead, you need to have curiosity. Profitly Into The Wild
What we mean”yes” is that it could be a useful learning tool. People who are stuck could be able to find Profit.ly’s variety 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 benefit from the platform. It can accommodate beginners and even experts!
If you truly desire to be more successful in trading and would like to learn from your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Profitly Into The Wild
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries under the My Trade’ category of the dashboard that lets you post your trades, either verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your transactions
How do I know whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there’s the chance that it is verifiable. This is evident by the small blue check. If you submit it manually or through images, it will be classified as unverified.
The downside of having an unverified trade is the risk of getting downvotes from your fellow peers. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also help each other learn and improve in acquiring opportunities on the stock market left and right.