Stock trading can be a high-stakes game. On some days, you may have the benefit of positive and satisfactory numbers. On other days you may experience the opposite and it could be very difficult to get back to where you were at your most productive. If you are always in the mud it is important to realize that relying on your instincts and preserving may not always be enough.
If you’ve experienced loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the world, which is why we’ve identified a platform that can support you in your improvement in the industry. We’ll take the time to look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitly Leaderboard
The User’s Experience 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be knowledgeable responsible, transparent, and to build relationships with one another through its wide variety of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for those who are just beginning their journey as well as a place for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. It provides users with a vast array of options for communication and trade that help traders from all walks of life connect with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as it is possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes publication, Sykes declared that Profit.ly was based “on showing the entire spectrum of trades, something which has never been previously done.” The idea Sykes said served two goals: 1.) making public records for not just the gurus, but also the newsletter writers and students, and 2) making it possible for anyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Profitly Leaderboard
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of features and services aimed towards achieving success. You may set up an account on the site for free, but you’re only limited to having the capability to browse the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll have an opportunity to make your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users an insight into their performance as a trading group as well as its gurus. You’re not just allowed to demonstrate value to a large group of traders. You are also able to use Profit.ly to shop with a guru, and have the confidence that you are confident with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing your brokerage account, you may choose to publish your trades, verified or not, by taking pictures. Also included in Profit.ly is the huge selection of courses in trading and the capability to see stats in a trader’s profile, and more ways to connect with your gurus via chatrooms in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at under $5 for each share. The penny stock market is an avenue for small businesses to transition to a large marketplace as they can access capital from the general public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as trader. At 25 years old Tim Sykes had received greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” He then made use of the show to develop trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a platform for openness, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational sources, trade alerts and other helpful stuff provided by the company’s internal gurus. These gurus refer to the experts in trading who have proven to make substantial amounts of money through their years of knowledge. Profitly Leaderboard
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their niche within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you will see him focus on the fundamental stock catalysts and use them to forecast the next move that is possible when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as Android devices; text, e-mail, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 for a month it is the perfect plan for those who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in earlier plans which includes swing trading alerts and unlimited access to a library of more than 7,000 instructional videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Profitly Leaderboard
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket and the mobile application, 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, plus access to a knowledgeable base of information provided by Superman himself via the Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. Additionally, you’ll also get access to premium research reports and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the online trading community and make a mark on the market, Profit.ly has the right amount of tools to get you started. The platform offers three membership tiers that cater to traders at different levels. Let’s take a look at what these three are and how much they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. When you sign to this plan you’ll be offered a range of strong and indispensable trading tools, each one of them essential in keeping your fingers on what could call a ruthless process by itself.
Some of the features you can do using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze your trades, sort and filter your trades and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive just by the price but there’s a disadvantage. It isn’t possible to create a private account, making your actions public. If you do want to have an account with this option, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader package lets you to use the majority of features available in The Novice package. In this plan, that you are able to create an account that is private to share with other associate users all the insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to develop their expertise in trading. While it’s nice, there is one significant element that’s missing. In contrast to the Novice package, you will not be able to view other traders’ stats this might be a drawback for those who are eager to try this new tier. Profitly Leaderboard
The Professional plan can be described as the most luxurious package Profit.ly can offer to experienced traders. At $74.95 each month which includes an additional 22% discount for billing annually This plan offers everything. It gives you full, unlimited access to all the features from the two prior plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the opportunity to create a private profile. Both of these features, on top of all the benefits that you can use to the fullest potential. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly provides a variety of additional services that it can provide. One of those is its online store, where customers can pick from a range of video products that are designed to educate and help you understand the ins and outs of trading. All of the products featured on this page of the website can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all related to trading, videos and clips taken from the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of services and features. You may be familiar with the chat room since you will see it on messaging and social platforms, as well as some specialty websites that offer live chat assistance. However, in Profit.ly it’s seen as a place where gurus and their member traders can communicate and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the listed members. One might be a laid-back person who is less engaged, while another could be more interactive and online in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock trader types, from novices to experienced professionals. Given the wide range of options it can provide this platform definitely has something for all.
For instance, newbies will appreciate Profit.ly’s library of learning information available on the platform. Not only will they be provided with videos every week and chat room advice from the in-house experts and their members. They’ll also be able choose from the items in its online store that they can take with them wherever they may go. They can also gain hands-on experiences from trading within the platform, but eventually they’ll realize that the process is a high stakes game that shouldn’t be taken as a joke.
For traders who have decades of experience in the line, we believe Profit.ly equally suited to the newcomers. While the newbies may not be as proficient in handling trading matters, the pros already understand how it works and the plethora of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s array of features to their best advantage to improve their skills in trading. Like beginners, they can learn from the experts 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 or semi-experienced trader. Verified experts can also join in the enjoyment! People in the trade industry who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others in order to navigate them through the ever-changing trading process. Profitly Leaderboard
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You get to be provided with excellent lessons and advice from the company’s inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There’s something for everyone
- Profit.ly’s numerous products and packages offered might be too much for most of its users
- Since traders can choose to make any type of trade, there’s the possibility that some of them could profit from selecting the best trades in order to increase the rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds, as its premium users are expected to instantly benefit from the many services the platform has to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it would be an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally intended to be created to achieve this goal. Instead, you should have curiosity. Profitly Leaderboard
What we are referring to”yes” is that it can be a great learning tool. Those who may be stuck might discover Profit.ly’s range of resources to be helpful in their efforts to avoid losses and be more successful than before. It’s not only the struggling traders that will profit from the platform. It is able to accommodate novices and even experts!
If you truly want to become better at trading and wish to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Profitly Leaderboard
How can you make use of Profit.ly to publish your trades?
Profit.ly offers an entry section for trades under the ‘My Trade’ category of the dashboard that lets you post your trades, either verified or not. There are three options:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Take a photo of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is indicated with the small blue check. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market all over the world.