Stock trading is an extremely risky game. On some days, you might enjoy the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it could be very difficult to get back to the point you were at your most productive. If you are immersed in the water, you will have be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve suffered losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the world, which is why we’ve found a platform that can support you to improve your performance within the field. We’ll be taking the time to look at Profit.ly A well-respected single-stop social platform to trade!
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.
Total Rating: 4.1/5 Profitly Most Popular
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informative and accountable, as well as transparent and encouraging one another through its wide range of features and tools including chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for traders who are just beginning their journey and also as a platform for experienced traders to track their performance with the help of advanced analytics tools. Providing users with a wide array of options to facilitate trade and communication that help traders from all walks of life connect with each other. It offers gurus with worthy investments within the boundaries that the site. Think of it as a social media site akin to Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes declared that Profit.ly was based “on showing the entire spectrum of trades, something which was never prior to.” The concept Sykes said served two purposes: 1) keeping track of public data for not just the gurus and newsletter writers and students, and 2) making it possible for all users to learn from the losses and wins for the trading industry’s benefit. Profitly Most Popular
How Does It Perform?
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 achievement. You can create an account at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the activities 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 will need to sign up to one of Profit.ly’s deals 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 your brokerage account, and you’ll have the chance to climb your way to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a glimpse of the performance of the trading community and its experts. It’s not just a way to prove that you’re worthy to the group of traders, as you can also use Profit.ly to shop with a professional with the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging the details of your broker account you may choose to publish your trades, either verified or otherwise, through screenshots. Also included in Profit.ly is the huge selection of trading classes, the ability to view statistics on a person’s profile, and more ways to interact with your experts via chatrooms along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s shares that trade for under $5 for each share. Penny stock trading is an opportunity for small-scale businesses to make the transition to a large marketplace as it allows them to access capital from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes can surely tell because of his decades of experience.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of earnings through his lengthy career as a trader. At 25 years old, he had been given greater exposure and a larger impact as a participant in the reality series “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a platform for transparency, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. These gurus refer to experts in the field of trading who have proven to make substantial profits from their combined years of experience. Profitly Most Popular
At its height, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on the 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 can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next move that is possible when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS and Android devices; email, text, 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, upgraded version of the Tim’s Alerts package. At $149.95 per month, it is an ideal plan for those who are more involved in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in earlier plans which includes swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Profitly Most Popular
The Superman Alerts plan is an offering of essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have access daily premarket stock watchlist as well as the mobile application, daily market commentary shown in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base provided by Superman himself through his Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. Additionally, you’ll also get an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave a mark in the market, Profit.ly has the right amount of resources to help you going. The platform offers three membership levels, each designed for traders at different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. As you sign up for this plan you’ll be provided with a variety of powerful and vital trading tools, all of them integral in keeping your fingers on what can describe as a cutthroat process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice program is the ability to verify trades and track profits; leading, following and even texting your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze your trades, sort and filter your trades and, finally, see other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re interested in have access to this feature, you should stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package allows you to use a majority of features from the Novice plan. It is in this plan that you are able to create a private profile to share with fellow associates all your insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to develop their expertise in trading. While it’s nice but there’s one important feature that is missing. In contrast to the Novice package, this one won’t be able to view other traders’ statistics that could be a problem for some who may be eager to try this new tier. Profitly Most Popular
Pro Plan
The Professional plan can be described as the highest luxurious package Profit.ly can offer to experienced traders. At $74.95 each month with 22% off when billed annually This plan offers everything. You will have full, unrestricted access to all features of the prior plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the option of creating an individual profile. Both of these options, in addition to the advantages you’ll be able to use to their fullest capacity. If you’re in search of an account that will give all the features you need to be trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly has a few additional services that it can provide. One of those is its online store, where customers can choose from a wide array of videos created to guide you through the ins and outs of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. Among these products include best-sellers like the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all aspects of trading. There are also clips and footage from The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s range of features and services. You may be familiar with the concept of the chat room since you can see it across messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a area where experts and members can interact and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members there. One of them may be a laid-back person who is rarely engaged, while another could be more interactive and online in their interactions with students. Think of the chatrooms as Profit.ly’s version of the forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, from beginners to experienced pros. Considering the number of offers it offers it is certain to have something for all.
Newbies, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus and members. They’ll also be able to select from the products on its store online that they can take with them wherever they may go. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll realize that this is a risky game that shouldn’t be treated as a joke.
For traders who have many years of experience down the road, we consider Profit.ly equally suitable to the newcomers. Although the novices might not be as well-equipped with dealing with trading issues however, experienced traders know the way it functions and the stack full of risks that it carries. It is ideal to make use of Profit.ly’s range of features to their best advantage to improve their trading skills. As beginners, they are able to study from the gurus as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the fun! Trade professionals who are on an equal level with Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to navigate them through the ever-changing trading process. Profitly Most Popular
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with a wealth of education, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the inside experts, as well as libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its main features, 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 packages and subscription levels are priced at a reasonable cost There is truly something for everyone
The Cons
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for a lot of its customers
- As traders may opt to open any kind of trade, there is an opportunity that some them will profit by cherry-picking the best trades to improve their ratings this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because the premium customers are expected to instantly benefit from the many features the platform is able to provide
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The Final Concluding Question: Is Profit.ly Worth It?
If we could come up with an answer to this question, it would be a ‘yes’. However, you must realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always meant to be designed to achieve this goal. Instead, you should have curiosity. Profitly Most Popular
What we do mean”yes” is that it could be a useful learning tool. For those who are struggling, they might find Profit.ly’s array of resources to be helpful when they try their best to reduce losses and perform better than before. It’s not only the poor traders that can profit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely desire to be more successful in trading and would like to be taught by your peers and experts on the way, look no further – Profit.ly may be a great alternative to start.
FAQ Profitly Most Popular
How do you use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion in the “My Trade section of the dashboard that allows you to 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 using specified spaces and information.
- Send a screen shot 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’s the likelihood that it can be verified. This is evident by the blue check mark. If you post it manually or through pictures, it will be classified as unverified.
The drawback of posting an unverified trade is the risk of receiving downvotes from friends and colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities in the stock market both right and left.
