Stock trading is a high-stakes game. On certain days, you might have the benefit of pleasing and positive numbers. However, on other days it could be the reverse, and it may sometimes be extremely difficult to get back to where you were your best. If you are constantly stuck in the gutter it is important to recognize that relying on your instincts and preserving might not be enough.
If you’ve been incurring occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an important boost from fellow traders from around the globe, which is why we’ve discovered an option that can help you in your growth within the field. This review will be taking 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 Minus 5
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be knowledgeable responsible, transparent, and encouraging each other through its broad array of tools and features such as trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for traders who are starting out and also as a platform for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Providing users with a wide array of options for trade and communication and letting traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Consider it a social media site akin to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that transactions are legitimate and will not allow for fraud as much as it is possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes said that Profit.ly was driven by its focus “on showing all trades, something that has never been prior to.” This idea Sykes said served two objectives: one) creating public track records for all traders, not just the gurus as well as students and newsletter writers and secondly) giving everyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. Profitly Minus 5
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of tools and services that are geared at achieving the success of their business. You may set up an account on the site at no cost, however you’re only given the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s offers that we’ll discuss in the near future.
The process of opening an account is easy: create an account with your experience and skills, join your brokerage account, and you have yourself an opportunity to make through the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users an insight into their performance as a trading group as well as its experts. You’re not just allowed to show your worth to a group of traders. You are also able to use Profit.ly to buy with a professional with the confidence that you are confident in their skills and the legitimacy of their assertions.
If you are unsure about the idea of divulging the details of your broker account you can decide to share your trades, whether verified or not, via photographs. In Profit.ly are the vast number of trading classes and the capability to see the stats of a trader’s account, and more ways to communicate with your gurus 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 trading guru who is well-known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at under $5 for each share. The trading of penny stocks can be seen as an avenue for small businesses to transition to a large marketplace as they can access money from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal through his many years of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made over $6 million of earnings during his long and successful career as trading professional. At the age of 25 Tim Sykes had received greater exposure and a larger influence over time as a participant in the reality TV show “Wall Street Warriors.” He used the opportunity to establish trading rooms as well as penny stock themes and educational content geared toward people who are brand new to trading. He also helped establish Profit.ly as a place for transparency, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have made substantial profits from their combined years of expertise. Profitly Minus 5
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of 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. With that taken into consideration Let’s look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next possible moves in making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as Android devices, email, text and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. At $149.95 monthly, this is a great option for those who are more committed to the penny-stock market. Pennystocking Silver comes with all the standard features of earlier plans including swing trading alerts and unlimited access to a collection of more than 7,000 educational videos and new videos released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Minus 5
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket as well as the mobile app, daily market updates in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base that is provided by Superman himself via the Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. Additionally you’ll also gain access to premium research reports and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership tiers that are designed to accommodate traders with different levels. Let’s look at what the three levels are and what they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. When you sign to this plan, you will be immediately given a slew of robust and essential trading tools, each one of them essential in keeping your hands on what we could call a ruthless process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package is the capability to check the results of your trades and track profit and follow-up, leading, and even messaging other traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze your trades, sort as well as filter trades and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per month. Although it looks attractive for the price alone, there is a downside. You can’t create a private profile, which makes your activities publicly available. If you do want to gain the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader package allows you to take advantage of the majority of features available in The Novice package. It is in this plan that you are able to create an individual profile that allows you to share with fellow associate users all the insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to develop their skills in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you will not be able to view the statistics of other traders this could be a problem for some who may be eager to try this new tier. Profitly Minus 5
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 each month with a 22% discount for billing annually This plan offers it all. It gives you full, unlimited access to all the features of the prior plans.
Not only do you get to see other users’ stats, but you’re also given the opportunity to create an individual profile. Both of these features, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give you with everything you require as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly offers a number of additional services that it can offer. One of them is the online store, where customers can choose from a wide array of video products that are designed to educate and provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the site can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, as well as all related to trading, videos and footage from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s variety of features and services. You’re probably familiar with the concept of the chat room since you can see it across messaging and social platforms, as well as some specialty websites that offer live chat assistance. But on Profit.ly it’s seen as a hands-on area where experts and members can interact and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members. Some may be more laid back and rarely engaged, while another could be more online and communicative to their pupils. Think of the chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock trader types, from beginners to experienced pros. Considering the number of offers it can provide, the platform surely has something for everyone.
For instance, newbies will enjoy Profit.ly’s collection of educational information available on the platform. They will also get daily videos and chat room tips by its internal gurus and their members. Additionally, they can pick from the merchandise available on its store online that they can take with them wherever they travel. Additionally, they can gain practical experiences by trading through the platform, but ultimately 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 many years of experience down the line, we see Profit.ly equally suited to those who are just starting. While novice traders may not be as adept at dealing with trading issues however, experienced traders know how it works and the risky mix that come with it. It is ideal to use Profit.ly’s range of options to their maximum advantage to enhance their skills in trading. As beginners, they are able to study from the gurus as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the fun! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others in order to guide them through the ever-illustrious trading process. Profitly Minus 5
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You will be provided with excellent lessons and advice from the company’s inside experts, as well as libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There’s something for everyone
- Profit.ly’s abundance of products and packages offered might be too much for a lot of its users
- If traders decide to make any type of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to boost their rating This could be a concern that should not be overlooked.
- Profit.ly will not allow refunds, as its premium users are expected to immediately take advantage of the numerous features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly Valued?
If we were able to come up with the answer, it’s yes. But you need to understand 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 need to have the ability to think with an open heart. Profitly Minus 5
What we mean”yes” is it could be a useful learning tool. People who are stuck could be able to find Profit.ly’s array of resources useful in their efforts to reduce loss and perform better than before. Not only poor traders that can profit from the platform. It can accommodate beginners and even experts!
If you really care about being more successful in trading and would like to learn from your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profitly Minus 5
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has a trade entry portion in the ‘My Trade’ category of the dashboard that lets you post your trades, verifiable or not. You may choose between three options:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there’s an excellent likelihood that it can be verified. This is indicated with the blue check mark. If you submit it manually or through screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving downvotes from friends and colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app 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 version of the app works with all functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of stock market opportunities left and right.