The stock market can be an exciting game with high stakes. On certain days, you may enjoy the benefits of pleasing and positive numbers. On other days, the opposite may happen, and it may sometimes be very difficult to get back to where you were your peak. If you’re immersed in the water, you will have be aware that relying solely on your instincts and preserving might not be enough.
If you’ve experienced occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe, which is why we’ve found a platform that can support you in your improvement in the market. We’ll be taking an in-depth look at Profit.ly is a well-known 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 Head
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be informed and accountable, as well as transparent and to build relationships with each other by offering a wide array of tools and features such as trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for those who are starting out and as a hub for experienced traders to track their performance through the use of advanced analytics tools. Offering users a broad range of resources for communication and trade, it helps traders from every field of business connect with each other. It offers gurus with worthy investments within the boundaries of the platform. Imagine it as the social media equivalent like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes stated that Profit.ly was driven by its focus “on the transparency of all trades, something that was never prior to.” The idea, he added, served two goals: 1.) making public records for not just the gurus as well as newsletter authors and students and secondly) allowing everyone on the platform to learn from both the wins and losses to benefit the industry of trading. Profitly On Top Of Head
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of tools and services that are geared toward achievement. It is possible to create an account there at no cost, however you’re only limited to having the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s offers, which we will review in the coming days.
Making an account easy: create an account with your experience and expertise, connect to 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 we’ve mentioned earlier was designed to offer its users a look at the performance of the trading community as well as its experts. It’s not only a chance to prove that you’re worthy to the group of traders, as you can also use Profit.ly to buy with a professional with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you can opt to post your trades, whether verified or not, via pictures. Also included in Profit.ly are a variety of trading classes, the ability to view stats in a trader’s profile and other methods to interact with your experts via chatrooms along with text and e-mail alerts and 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, a penny stock refers to a small-sized company’s stock which trades at less than $5 per share. The trading of penny stocks can be seen as a stepping stone for small companies to move into a larger market because it gives them access to capital from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of experience.
Beginning in his late years in the high schools, Tim Sykes has, since then, made over $6 million of earnings during his long and successful career as a trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider impact when he became part of the reality series “Wall Street Warriors.” He took advantage of it to establish trading rooms and penny stock themes as well as educational content targeted 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 for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have made substantial profits from their combined years of experience. Profitly On Top Of Head
At its height, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, only two gurus remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll be able to see him concentrate on the basic stock catalysts and employ them to forecast the next move that is possible when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as Android devices, as well as texts, emails and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 per month, it is an ideal plan for those who are involved in the penny-stock market. Pennystocking Silver includes all the basic features of earlier plans which includes alerts for swing trading and access to a rich library of more than 7,000 instructional videos and new videos released weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly On Top Of Head
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile app, daily market updates in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base that is provided by Superman himself via his Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. On top of that you’ll also gain the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers, each designed for traders with different levels. Let’s break down what these three levels are and what they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. When you sign up for this package you’ll be given a slew of robust and essential trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit as well as leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards; analyze your trades, sort as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. While it may look attractive just by the price but there’s a disadvantage. You can’t create a private account, making your personal information public. If you’re looking to have an account with this option, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to take advantage of the majority of features available in The Novice package. This plan allows that you can create an account that is private for sharing with fellow associate users all your knowledge and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to develop their expertise in trading. As nice as it seems, there is one significant aspect that’s not included. Unlike the previous Novice package, you will not be able view the statistics of other traders this could be a problem for those looking forward to this tier. Profitly On Top Of Head
The Professional plan can be described as the most expensive plan Profit.ly can offer to experienced traders. It costs $74.95 each month with 22% off for billing annually, this tier has it all. You will have full, unrestricted access to all features from the two previous plans combined.
Not only do you get to see other users’ stats and data, but you also have the opportunity to create a private profile. Both of these options, in addition to the advantages that you can utilize to the maximum extent. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly offers a number of more services it has to provide. One of these is its online store, which lets users select from a variety of videos created to help you understand the ins and outs of trading. The products listed on this page of the website can be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and footage of events like the Annual Pennystocking Conference, and products from other expert traders.
The chat rooms that are integrated are included in Profit.ly’s array of services and features. You’re probably familiar with the concept of chat rooms since you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat support. However, in Profit.ly it’s seen as a hands-on place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members. Some may be laid back and not very often active, while another may be more interactive and online to their pupils. Think of the chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, from novices to experienced professionals. With the variety of deals it offers this platform definitely has something for every person.
For instance, newbies will appreciate Profit.ly’s collection of educational content offered throughout the platform. They will also get daily videos and chat room tips from the in-house experts as well as their members. They’ll also be able choose from the items from its online store to carry with them wherever they travel. They can also gain hands-on experience trading on the platform, however they’ll realize that trading is a high-stakes game that shouldn’t be treated as a joke.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suited for them as it is for those who are just starting. Although the novices might not be as well-equipped with managing trading but the experts already know the way it functions and the plethora of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s variety of options to their maximum advantage to improve their trading abilities. Like novices, they can learn from the experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to guide them through the ever-illustrious trading process. Profitly On Top Of Head
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders across the globe with tons of learning, communication, and trading tools
- You will be provided with excellent lessons and insights from its inside experts, as well as libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There’s something for everyone
- Profit.ly’s abundance of packages and services offered could seem overwhelming for most of its customers
- Since traders can choose to post 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 may be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as the premium customers will immediately take advantage of the numerous services the platform has to offer
The Final Verdict: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it would be a ‘yes’. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t meant to be designed to achieve this goal. Instead, it is best to keep curiosity. Profitly On Top Of Head
What we mean”yes” is that it can be a great learning tool. People who are stuck may discover Profit.ly’s variety of resources helpful as they do their best to avoid losses and be more successful than before. It’s not just the struggling traders that will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really want to become better at trading and wish to learn from your peers and experts throughout the process, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Profitly On Top Of Head
How can you make use of Profit.ly to publish your trades?
Profit.ly includes a trade entry portion in the ‘My Trade category on the dashboard. It allows you to post your trades that are verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
How do I know whether the trade can be verified 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 upload the information manually or via images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the risk of getting downvotes from your friends and colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just trying to maximize profits but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.