Stock trading can be an extremely risky game. Some days, you may enjoy the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it can be very difficult to get back to where you were at your most productive. If you find yourself always in the mud it is important to recognize that relying on pure instinct and preservation is not always enough.
If you’ve experienced losses from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe. That’s why we’ve discovered a platform that can support you in your improvement in the industry. We’ll take 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profitly Novice
The User’s Experience 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be knowledgeable and accountable, as well as transparent and encouraging each other by offering a wide variety of tools and features such as chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for those new to trading as well as a place for experienced traders to track their performance with the help of sophisticated analytics tools. Offering users a broad range of resources to facilitate trade and communication that help traders from every field of business connect with one another. It offers gurus with worthwhile investments within the confines that the site. Think of it as an online social media platform similar to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are authentic and won’t accept fake news as long as is humanly possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been done before.” The concept Sykes said served two purposes: 1) creating public track records for all traders, not just the gurus, but also the newsletter authors and students as well as) making it possible for everyone on the platform to learn from both losses and wins to the benefit of the trading industry. Profitly Novice
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of tools and services that are geared towards achieving the success of their business. You can create an account on the site at no cost, however you’re only limited to having the capability to browse the leaderboard and observe the activities 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 it is necessary to join one of Profit.ly’s deals that we’ll discuss in the near future.
Making an account easy: create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll have the chance to climb your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a look at the performance of the trading community and its gurus. It’s not just a way to prove your worth to a group of traders, as you can also utilize Profit.ly to shop with a professional with the assurance that you’re confident in their skills and the legitimacy of their assertions.
If you are unsure about the idea of divulging information about your account with a brokerage, then you could opt to post your trades, either verified or not, by taking screenshots. Also included in Profit.ly are a variety of trading classes as well as the ability to look at the stats of a trader’s account and other methods to communicate with your gurus in 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 penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at less than $5 per share. The penny stock market is an opportunity for small-scale businesses to make the transition to a large marketplace as it gives them access to funds from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes can surely tell through his many years of expertise.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, earned an estimated $6 million earnings throughout his illustrious career as a trader. At 25 years old, he had been given greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place for transparency, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the experts in trading who have made significant amounts of profit from their collective years of knowledge. Profitly Novice
At its height, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing however, only two gurus remain on the platform: 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 look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you will observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS as well as Android devices, as well as texts, emails, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 per month, it is the perfect plan for investors who are committed to the penny-stock market. Pennystocking Silver offers all the essential features of prior plans, such as alerts for swing trading and access to a rich library of more than 7,000 instructional videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both 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 Novice
The Superman Alerts package is his offer of the most essential features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket as well as the mobile app, the daily market updates in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base provided by Superman himself through the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. On top of that, you’ll also get access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers, each designed for traders of different levels. Let’s break down what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. Once you have signed up for this plan you’ll be offered a range of strong and indispensable trading tools, each of them integral in keeping your fingers on what we could call a ruthless process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to confirm trades and track profits and follow-up, leading and even texting your fellow traders, as well as giving feedback on the trades of today. It also allows you to be onto leaderboards; study, sort, and filter your trades; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per month. While it may look attractive for the price alone, there is a downside. It isn’t possible to create a private account, making your actions public. If you’re interested in get an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package allows users to benefit from a majority of features from The Novice package. In this plan, that you can set up an account that is private 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 is exactly what it says: Cater for those looking to harness their skills in trading. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, you will not be able view other traders’ statistics, which could be a problem for some who may be anticipating this level. Profitly Novice
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. At $74.95 per month, with a 22% discount for annual billing the Pro plan has everything. You get full, no-holds-barred access to all the features of the previous plans.
You’re not only able to view other people’s stats, but you’re also given the opportunity to create your own private profile. These two features are on top of all the advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve all the features you need to be trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly has a few more services it has to provide. One of those is its online store, which allows users to pick from a range of video products created to help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other related to trading, videos and clips from the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s array of services and features. You are probably familiar with chat rooms since you will see it on social and messaging platforms in addition to a few special websites that provide live chat support. But on Profit.ly the chat room is viewed as a hands-on area where experts and members trade and share knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members. Some may be laid back and not very often active, while another might be more interactive and online with their students. Think of chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock traders, ranging from novices to the most experienced. Considering the number of offers it has to offer, the platform surely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. They will also be enriched with weekly videos and chat room tips by its internal gurus and members. They’ll also be able pick from the merchandise available on its store online for them to take wherever they may be. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll realize that this is a high stakes game that should not be viewed as an opportunity to make fun of.
For those traders who have had 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 managing trading, the pros already understand how it works along with the stack full of risks that come with it. It is ideal to use Profit.ly’s variety of features to their best advantage to enhance their trading skills. As beginners, they are able to study from the gurus and experts , and use those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the excitement! Trade professionals who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others in order to guide them through the ever-illustrious trading process. Profitly Novice
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise 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 reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices – there truly is something for all
- Profit.ly’s abundance of packages and products offered may not be enough for a lot of its users
- If traders decide to open any kind of trade, there’s 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 simply overlooked
- Profit.ly does not offer refunds as the premium customers are expected to immediately benefit from the many services the platform has to offer
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The Final Verdict is: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it would be a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always designed to be used to achieve this goal. Instead, you need to have an open mind. Profitly Novice
What we do mean”yes” is it can be a great learning tool. Those who may be stuck may find Profit.ly’s variety of resources useful when they try their best to reduce losses and be more successful than before. It’s not just the poor traders that can profit from the platform. It is able to accommodate novices and even experts in the field!
If you really care about being better at trading and wish to learn from your fellows and gurus on the way, look no further – Profit.ly is a fantastic choice to start.
FAQ Profitly Novice
How do you use Profit.ly to publish your trades?
Profit.ly has an entry section for trades within the “My Trade category on the dashboard that lets you record your trades that are verified or not. You may choose between three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
What can I do to determine whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is shown by the blue check mark. If you upload the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the possibility of receiving downvotes from colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market left and right.