Stock trading can be an extremely risky game. On certain days, you may be reaping the benefits of positive and satisfying numbers. On other days, however you may experience the opposite and it could be very difficult to return to the point you were at your most productive. If you are constantly stuck in the gutter You will need to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced occasional losses You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe, which is why we’ve found a platform that can support you in your improvement in the industry. We’ll take the time to 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.
Total Rating: 4.1/5 Profitly On Top Of Foot
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of all levels to be informed and accountable, as well as transparent and uplifting with each other by offering a wide array of tools and features including chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for traders who are starting out and also as a platform for traders with experience to keep track of their performance with the help of sophisticated analytics tools. It provides users with a vast range of resources to facilitate trade and communication and letting traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries of this platform. Think of it as a social media site akin the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are valid and won’t allow for fraud as much as is humanly possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never done before.” The concept Sykes said served two goals: 1.) creating public track records for not just the gurus and students and newsletter writers and secondly) allowing everyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Profitly On Top Of Foot
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of features and services aimed toward achievement. It is possible to create an account there for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time You’ll need to subscribe to any of Profit.ly’s deals that we’ll go over shortly.
Setting up an account is easy: create an account that includes your personal information and skills, join to your brokerage account, and you’ll be given the chance to climb your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users a glimpse of their performance as a trading group and its experts. You’re not just allowed to demonstrate that you’re worthy to the community of traders, but you are also able to use Profit.ly to purchase with a professional with the assurance that you’re confident in their skills and the credibility of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account then you could choose to publish your trades, either verified or not, via photographs. Included in Profit.ly is the huge selection of trading classes and the capability to see stats in a trader’s profile, and more ways to communicate with your gurus through the chatroom along with email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader 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 stock which trades at under $5 for each share. The penny stock market can be seen as a stepping stone for small-scale businesses to make the transition to a large marketplace as it allows them to access capital from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes will be able to tell you through his many years of expertise.
From his beginnings in the latter years of High School, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as trader. At 25 years old Tim Sykes had received greater exposure and an even wider impact as a participant in the reality TV show “Wall Street Warriors.” He then made use of the show to establish trading rooms and penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped establish Profit.ly as a platform for transparency and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the trading experts who have earned significant amounts of profit through their years of knowledge. Profitly On Top Of Foot
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, 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. In light of that we’ll take a look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you will see him focus on the fundamental stock catalysts and use them to forecast the next possible moves in trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as Android devices; texts, emails, 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 version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 per month, this is the perfect plan for investors who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features of the previous plan, including swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos, with new ones released weekly.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Profitly On Top Of Foot
The Superman Alerts package is his offering of essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access daily premarket stock watchlist and the mobile application, daily market commentary shown in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base that is provided by Superman himself via the Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. On top of that you’ll also have an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. Once you have signed to this plan, you will be immediately offered a range of strong and vital trading tools, each one of them essential in keeping your fingers on what we call a competitive process in and of itself.
The list of features you can do using Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading and even texting your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal account, making your actions public. If you do want to have the benefit of this service, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in the novice plan. In this plan, that you can create an account that is private to share with fellow associates all your insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to harness their trading skills. Although it’s a nice thing however, there’s a crucial element that’s missing. Unlike the previous Novice package, you won’t be able to see other traders’ stats, which could be a disadvantage for those who are looking forward to this tier. Profitly On Top Of Foot
This is by far the most expensive plan Profit.ly can offer to experienced traders. With $74.95 each month and an additional 22% discount for billing annually This plan offers everything. It gives you full, unlimited access to all the features of the prior plans.
Not only do you get to look at other people’s statistics, but you’re also given the chance to create a private profile. Both of these features, in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for a plan that can serve all the features you need to be trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly provides a variety of additional services that it can offer. One of these is its online store, where customers can pick from a range of videos created to help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be bought immediately for your personal use. Some of these include bestsellers such as the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and other aspects of trading. There are also clips and clips of The Annual Pennystocking Conference, and items from other experts in trading.
Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of features and services. You are probably 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 provide live chat assistance. However, in Profit.ly it’s seen as a area where experts and members trade and learn in real time. Every guru has their own style in operating their chat room and dealing with the members there. One might be a laid-back person who is less engaged, while another could be more online and communicative with their students. Consider chat rooms like Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock trader types, from novices to the most experienced. With the variety of deals it offers this platform definitely has something for everyone.
Beginners, 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 tips by its internal gurus and their members. They’ll also be able to choose from the items in its online store for them to take wherever they may be. You can also get hands-on experience trading on the platform, but ultimately they’ll realize that the process is a high stakes game that shouldn’t be treated as a joke.
For those traders who have had years of exposure down the line, we believe Profit.ly equally suited to them as people who are just beginning. Although the novices might not be as adept at managing trading but the experts already know the way it functions and the plethora of risks that come with it. Ideally, they may make use of Profit.ly’s variety of options to their maximum advantage to develop their trading abilities. As beginners, they are able to study from the gurus and experts , and use those quick tips and tidbits throughout the process.
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 fun! Those in the trading industry who are at the same level as Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders in order to guide them through the ever-illustrious trading process. Profitly On Top Of Foot
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with tons of learning, communication, and trading tools
- You’ll be taught by experts and tips from the internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There is truly something for all
- Profit.ly’s numerous packages and products offered may be too much for a lot of its users
- Since traders can choose to open any kind of trade, there’s an opportunity that some them will profit by picking the most profitable trades to increase the rating – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as its premium users are expected to instantly take advantage of the numerous services the platform has to provide
The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it would be a ‘yes’. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t intended to be created for this reason. Instead, you should have an open mind. Profitly On Top Of Foot
What we mean”yes” is it is a fantastic learning tool. For those who are struggling, they might be able to find Profit.ly’s variety of resources useful as they do their best to reduce losses and perform better than before. Not only struggling traders that will benefit from this platform. It is able to accommodate novices and even experts!
If you really care about being more successful in trading and would like to learn from your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Profitly On Top Of Foot
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries within the ‘My Trade’ category of the dashboard which lets you record your trades that are verified or not. There are three options:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Take a photo of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is an excellent likelihood that it can be verified. This is shown by the blue check mark. If you submit it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the risk of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are currently using 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 to help one another learn and improve in acquiring stock market opportunities all over the world.