Stock trading is an extremely risky game. Some days, you could have the benefit of positive and satisfactory numbers. On other days, however, the opposite may happen and it could be extremely difficult to return to the point you were at your most productive. If you find yourself constantly stuck in the gutter it is important be aware that relying solely on instinct and survival may not always 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 trading partners from all over the globe, which is why we’ve discovered an online platform that will help you to improve your performance within the field. We’ll be taking an in-depth look at Profit.ly is a well-known all-in-one 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 On The Web
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informed responsible, transparent, and to build relationships with each other through its broad array of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for people new to trading and as a hub for experienced traders to track their performance through the use of sophisticated analytics tools. Providing users with a wide variety of tools to facilitate trade and communication and letting traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas that the site. Consider it a social media site akin like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that was never previously done.” The concept was, he said, serving two goals: 1.) keeping track of public data for all traders, not just the gurus as well as newsletter authors and students, and 2) allowing all users to learn from the losses and wins for the trading industry’s benefit. Profitly On The Web
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of tools and services that are geared towards achieving the success of their business. It is possible to create an account on the site at no cost, however you’re limited to the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is easy: create an account with your experience and knowledge, then connect your brokerage account, and you’ll have a chance to shoot your way to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users an insight into the performance of the trading community and its experts. It’s not just a way to prove your worth to a large group of traders, but you can also utilize Profit.ly to buy with a professional with the assurance that you’re comfortable of their knowledge and the credibility of their assertions.
If you are unsure about the idea of divulging your brokerage account, you can decide to share your trades, whether verified or otherwise, through pictures. Included in Profit.ly are a variety of trading courses, the ability to view the stats of a trader’s account and other methods to communicate with your gurus via chatrooms along with notifications via email or text as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. Penny stock trading could be viewed as an avenue for small businesses to transition into a larger market because they can access capital from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell through his many years of expertise.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as trading professional. When he was 25 years old Sykes was given more exposure and a wider impact as a participant in the reality show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms as well as 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 place of transparency, and for the community to uplift and compete with 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 helpful stuff provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have made significant amounts of profit from their combined years of experience. Profitly On The Web
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche in the field of trading. Some of the most famous 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: the 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 offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you will observe him focus on fundamental catalysts for stocks and utilize them to predict the next move that is possible when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS and Android devices; text, e-mail and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 monthly, this is a great option for those who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features of prior plans, such as alerts for swing trading and access to a rich library of over 7,000 educational videos, with new ones released every week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading profits. Profitly On The Web
The Superman Alerts plan is an offering of essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile app, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base that is provided by Superman himself via his Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. In addition you’ll also have access to premium research reports and the IPO or earnings monitor.
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 help you going. Profit.ly offers three membership tiers, each designed for traders of different levels. Let’s break down what these three tiers are and how much they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. As you sign to this plan, you will be immediately offered a range of strong and essential trading tools, all of which is essential to keep your fingers on what we could call a ruthless procedure in its own.
The list of features you can do using Profit.ly’s Novice package is the ability to verify trades and track profits; leading, following, and even messaging your fellow traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, as well as filter trades; and, lastly, view other’s stats.
The Novice plan costs $29.95 per month. Although it might look appealing for the price alone, there is a downside. You aren’t able to create a personal account, making your actions public. If you’re looking to gain an account with this option, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets users to benefit from many of the features of the Novice plan. This plan allows that you can create a private profile for sharing with fellow associates all your insights and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to develop their expertise in trading. Although it’s a nice thing but there’s one important element that’s missing. As opposed to the prior Novice package, this one won’t be able view other traders’ statistics, which could be a problem for those who are eager to try this new tier. Profitly On The Web
This is by far the highest premium package that Profit.ly can offer to experienced traders. At $74.95 each month with an additional 22% discount for billing annually the Pro plan has everything. You get full, no-holds-barred access to all the features from the two prior plans.
You’re not only able to look at other people’s statistics and data, but you also have the option of creating your own private profile. Both of these features, on top of all the advantages that you can utilize 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 tier could be for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly offers a number of other services they offer. One of these is its online store, where customers can select from a variety of video products created to provide guidance on the ins and outs of trading. All of the products featured in this section of the website can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other things trading-related, clips and scenes of The Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are included in Profit.ly’s variety of features and services. You may be familiar with the concept of the chat room since you can see it across social and messaging platforms in addition to a few special websites that offer live chat support. But on Profit.ly the chat room is viewed as a hands-on area where experts and members trade and learn in real time. Each guru has their style when it comes to running their chat room and dealing with the listed members. Some may be a laid-back person who is rarely active, while another might be more active and in touch with their students. Consider chat rooms like Profit.ly’s version of the forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock trader types, from novices to the most experienced. Given the wide range of options it offers this platform definitely has something for everyone.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. Not only will they be enriched with weekly videos and chat room advice from the in-house experts as well as their members. They’ll also be able select from the products from its online store that they can take with them wherever they may travel. You can also get hands-on experience trading on the platform, however, they will soon learn that this is a high-stakes game that shouldn’t be taken as a joke.
For traders who have many years of experience down the line, we believe Profit.ly as equally as suitable to the newcomers. While the newbies may not be as adept at managing trading however, experienced traders know how it works and the risky mix associated with it. Ideally, they may utilize Profit.ly’s variety of options to their maximum advantage to enhance their trading abilities. Like novices, they can learn from the top experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the enjoyment! Trade professionals who are at an equal level with Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to assist them in the ever-changing trading process. Profitly On The Web
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders from all over the world with a wealth of education tools, communication, and trading tools
- You get to be provided with excellent lessons and tips from the inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There is truly something for every person
- Profit.ly’s abundance of packages and services offered could be too much for most of its users
- As traders may opt to open any kind of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating This could be a concern that should not be overlooked.
- Profit.ly does not offer refunds, as its premium users will immediately benefit from the number of services the platform has to provide
The Final Verdict is: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always intended to be created for this reason. Instead, you should have the ability to think with an open heart. Profitly On The Web
What we do mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck might discover Profit.ly’s range of resources helpful when they try their best to avoid losses and be more successful than they did before. It’s not just the poor traders that can profit from the platform. It can accommodate beginners and even experts!
If you really desire to be more successful in trading and would like to learn from your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profitly On The Web
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries under the “My Trade’ category of the dashboard. It allows you to post your trades, verifiable or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your trades
What can I do to determine whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there’s a high chance that it is verifiable. This is evident by the blue check mark. If you upload the information manually or via images, it will be assigned as unverified.
The drawback of posting an unverified trade is the possibility of getting downvotes from your fellow peers. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities in the stock market left and right.