Stock trading is an exciting game with high stakes. On certain days, you might have the benefit of positive and satisfying numbers. However, on other days you may experience the opposite and it can be extremely difficult to return to where you were at your most productive. If you are always in the mud You will need to realize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your fellow traders from around the world, which is why we’ve discovered a platform that can support you in your growth within the field. This review will 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitly Like A Pro
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be knowledgeable responsible, transparent, and encouraging each other by offering a wide variety of tools and features like chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for traders who are just beginning their journey and as a hub for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. It provides users with a vast variety of tools for trade and communication, it helps traders from all walks of life network with each other. It gives the gurus worthwhile investments within the confines of this platform. Consider it a social media site akin to Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are valid and won’t accept fake news as long as it is possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never done before.” The idea Sykes said served two purposes: 1) creating public track records for not just the gurus as well as newsletter authors and students as well as) making it possible for everyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Profitly Like A Pro
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of services and features geared toward achievement. You can create an account there for free, but you’re only limited to having the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s deals, which we will review in the coming days.
Making an account simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll have an opportunity to make through high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a glimpse of the performance of the trading community as well as its experts. You’re not just allowed to demonstrate that you’re worthy to the community of traders. You can also utilize Profit.ly to shop from a guru with the assurance that you’re confident of their knowledge and the credibility of their assertions.
If you feel uneasy with the idea of divulging the details of your broker account you can choose to publish your trades, whether verified or not, via photographs. In Profit.ly are a variety of trading courses as well as the ability to look at the stats of a trader’s account as well as other ways to interact with your experts through the chatroom as well as 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 his involvement in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for less than $5 per share. Penny stock trading could be viewed as an avenue for small-scale businesses to make the transition to a large marketplace as they can access funds from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes will be able to tell you because of his decades of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made over $6 million of earnings throughout his illustrious career as trading professional. When he was 25 years old, he had been given greater exposure and an even wider influence over time as a participant in the reality show “Wall Street Warriors.” He 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 to establish Profit.ly as a platform for openness, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the trading experts who have earned significant amounts of profit through their years of expertise. Profitly Like A Pro
At its height, Profit.ly had housed up to five gurus, all of them a pro in their niche 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 however, only two gurus remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll be able to observe him focus on fundamental stock catalysts and use them to forecast the next move that is possible when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS as well as Android devices, as well as 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. At $149.95 monthly, it is a great option for those who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in the previous plan, such as alerts for swing trading and access to a rich library of over 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Profitly Like A Pro
The Superman Alerts plan is his offering of essential features and alerts on trading geared to those interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile app, the daily market updates in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base provided by Superman himself via the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. In addition, you’ll also get 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 world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership levels that are designed to accommodate traders with different levels. Let’s look at what the three tiers are and how much they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. When you sign to this plan, you will be immediately given a slew of robust and vital trading tools, all one of them essential in keeping your fingers on what can describe as a cutthroat procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to verify trades and track profits; leading, following and even texting 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, view other people’s statistics.
The Novice plan is $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. You can’t create a private profile, thus making your personal information public. If you’re interested in gain access to this feature, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader package allows you to use the majority of features available in the novice plan. It is in this plan that you are able to create a private profile for sharing with fellow associate users all your knowledge and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to improve their trading skills. While it’s nice however, there’s a crucial aspect that’s not included. In contrast to the Novice package, this one won’t be able view the statistics of other traders, which could be a problem for those anticipating this level. Profitly Like A Pro
This is by far the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 each month and an additional 22% discount for annual billing, this tier has it all. It gives you full, unlimited access to all features from the two previous plans combined.
In addition, you’ll be able to see other users’ stats and data, but you also have the chance to create an individual profile. Both of these features, plus the other advantages you’ll be able to use to their fullest capacity. If you’re in search of an option that gives you with everything you require as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly offers a number of more services it has to provide. One of them is the online store, where customers can pick from a range of videos created to guide you through the ins and outs of trading. The products listed in this section of the website can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and other aspects of trading. There are also clips and clips taken from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of features and services. You may be familiar with the concept of the chat room as you can find it throughout social and messaging platforms as well as some specialty websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a real-time area where experts and member traders can communicate and share knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members there. One might be more laid back and rarely active, while another might be more online and communicative with their students. Consider chat rooms like 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 a large variety of stock trader types, from beginners to experienced pros. With the variety of deals it has to offer it is certain to have something for all.
Beginners, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus and their members. They’ll also be able choose from the items on its store online for them to take wherever they may travel. You can also get hands-on experiences by trading through the platform, however they’ll be able to realize that this is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For the traders with decades of experience in the line, we see Profit.ly equally suitable for them as it is for the newcomers. While the newbies may not be as adept at handling trading matters however, experienced traders know how it works along with the plethora of risks that it carries. It is ideal to make use of Profit.ly’s range of features to their full advantage to improve their trading abilities. Like novices, they can learn from the top experts and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are at an equal level with Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to navigate them through the ever-changing trading process. Profitly Like A Pro
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You will be taught by experts and insights from its internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There is truly something for all
- Profit.ly’s numerous packages and products offered may not be enough for the majority of its users
- Since traders can choose to post any kind of trade, there’s an opportunity that some them may take advantage by selecting the best trades in order to increase the rating this could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds because its premium users are expected to instantly benefit from the number of features the platform is able to provide
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The Final Verdict is: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a scheme to get rich quick. The platform was not always meant to be designed in this way. Instead, you should have an open mind. Profitly Like A Pro
What we mean”yes” is it could be a useful learning tool. People who are stuck may discover Profit.ly’s range of resources helpful when they try their best to avoid losses and be more successful than before. It’s not only the struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
If you truly desire to be better at trading and wish to learn from your fellows and gurus on the way, take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profitly Like A Pro
How can you make use of Profit.ly to post your trades?
Profit.ly offers an entry section for trades in the My Trade section of the dashboard. It allows you to post your trades that are verified or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you import 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 the information manually or via screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthentic trade is the risk of receiving downvotes from colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are trying to maximize profits but also help each other grow and learn more about acquiring opportunities in the stock market left and right.