Stock trading is an extremely risky game. On certain days, you may be reaping the benefits of pleasing and positive numbers. On other days, however you may experience the opposite and it can be very difficult to return to where you were your best. If you are constantly stuck in the gutter, you will have be aware that relying solely on instinct and survival may not always be enough.
If you’ve suffered occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the globe, which is why we’ve identified an option that can help you to improve your performance in the industry. In this review, we’ll take a 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 Nathan Michaud
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informative responsible, transparent, and uplifting with one another through its wide variety of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for people who are starting out as well as a place for traders with experience to keep track of their performance with the help of advanced analytics tools. Providing users with a wide variety of tools for trade and communication that help traders from all walks of life connect with one another. It gives the gurus worthy investments within the boundaries of this platform. Consider it a social media site akin to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been prior to.” The concept Sykes said served two objectives: one) creating public track records for everyone, not just the experts as well as students and newsletter writers, and 2) allowing everyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Profitly Nathan Michaud
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of services and features geared towards achieving the success of their business. It is possible to create an account at no cost, however 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 and see what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s deals that we’ll go over shortly.
Making an account easy: create an account that includes your personal information and expertise, connect your brokerage account, and you’ll be given an opportunity to make through high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users an insight into how the community of traders performs and its gurus. It’s not only a chance to demonstrate value to a large group of traders. You can also utilize Profit.ly to buy with a guru, and have the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you may choose to publish your trades, whether verified or otherwise, through pictures. In Profit.ly are the vast number of trading classes as well as the ability to look at statistics on a person’s profile and other methods to connect with your gurus via chatrooms as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for delving his hands into penny stock trading. According to Investopedia Penny stock is a small business’s stock that trades for under $5 for each share. Penny stock trading is an avenue for small-scale businesses to make the transition to a market that is larger as they can access money from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as trading professional. At the age of 25, he had been given greater exposure and a larger reach of influence as a participant in the reality series “Wall Street Warriors.” He then used the opportunity to create trading rooms and penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped establish Profit.ly as a place of transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the experts in trading who have made significant amounts of profit from their combined years of knowledge. Profitly Nathan Michaud
At its height, Profit.ly had housed up to five gurus, all of them an expert in their niche in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on the platform: the 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 packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll see him focus on the fundamental catalysts for stocks and utilize them to predict the next possible moves in making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS and Android devices, email, text and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. At $149.95 monthly, it is the perfect plan for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features found in prior plans, such as swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos and new videos released each week.
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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 tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Profitly Nathan Michaud
The Superman Alerts plan is his offering of essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket along with the mobile app, daily market commentary shown in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge of information provided by Superman himself through the Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. In addition you’ll also have the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s break down what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. As 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 hands on what we can describe as a cutthroat process by itself.
The list of features you can accomplish with Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following, and even messaging your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study your trades, sort and filter your trades and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per month. Although it looks attractive just by the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your activities publicly available. If you do want to get an account with this option, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader package allows users to benefit from a majority of features from the novice plan. 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.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to improve their trading skills. While it’s nice but there’s one important element that’s missing. In contrast to the Novice package, you won’t be able to see the statistics of other traders, which could be a problem for those eager to try this new tier. Profitly Nathan Michaud
This is by far the most expensive plan Profit.ly can offer to experienced traders. At $74.95 monthly, which includes an additional 22% discount for annual billing, this tier has it all. You will have full, unrestricted access to all features from the two previous plans.
Not only do you get to view other people’s stats and data, but you also have the option of creating an individual profile. Both of these options, plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of an option that gives all the features you need to be a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly provides a variety of other services they offer. One of them is the online store, where customers can pick from a range of video products designed to inform and guide you through the ins and outs of trading. All of the products featured on this page of the website is available to be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, as well as all things trading-related, clips and footage of the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s array of services and features. You are probably familiar with the chat room since you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat assistance. However, in Profit.ly, it is seen as a real-time area where experts and members can interact and share knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members. One might be laid back and rarely engaged, while another could be more active and in touch in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock traders, from novices to the most experienced. Given the wide range of options it offers, the platform surely has something for all.
For instance, newbies can take advantage of Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts as well as their members. They’ll also be able to choose from the items on its store online to carry with them wherever they may travel. You can also get hands-on 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 amusing pastime.
For the traders with years of exposure down the line, we believe Profit.ly as equally as suitable for them as it is for those who are just starting. While novice traders may not be as proficient in managing trading however, experienced traders know the way it functions and the plethora of risks that it carries. It is ideal to use Profit.ly’s variety of features to their full advantage to improve their skills in trading. As beginners, they are able to learn from the experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the fun! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders in order to assist them in the ever-changing trading process. Profitly Nathan Michaud
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders across the globe with tons of learning tools, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its in-house gurus, including libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There’s something for every person
- Profit.ly’s numerous packages and products offered may not be enough for a lot of its users
- As traders may opt to open any kind of trade, there is an opportunity that some them will profit by selecting the best trades in order to boost their rating This could be a concern that should not be ignored.
- Profit.ly will not allow refunds as its premium users 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 appropriate answer for this query, it’s yes. But you need to understand that the platform should not be used as a get-rich-quick scheme. It wasn’t meant to be designed to achieve this goal. Instead, you need to have an open mind. Profitly Nathan Michaud
What we do mean”yes” is that it could be a useful learning tool. For those who are struggling, they could discover Profit.ly’s range of resources helpful as they do their best to avoid losses and be more successful than they did before. Not only struggling traders who will profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly care about being better at trading and wish to learn from your mentors and peers on the way, take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Profitly Nathan Michaud
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades under the My Trade section of the dashboard. It lets you record your trades that are verified or not. 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
- Send a screen shot of your transactions
How do I know if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is an excellent chance that it is verifiable. This is shown by the blue check mark. If you post it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of stock market opportunities all over the world.