Stock trading can be an extremely risky game. On certain days, you could enjoy the benefits of positive and satisfactory numbers. However, on other days it could be the reverse and it can be extremely difficult to get back to where you were your most productive. If you are always in the mud it is important to realize that relying on your instincts and preserving is not always enough.
If you’ve been incurring losses from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your trading partners from all over the globe, which is why we’ve found a platform that can support you in your improvement in the industry. This review will take the time to look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitly On Youtube
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other through its broad range of features and tools like chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for people who are just beginning their journey as well as a place for experienced traders to track their performance with the help of advanced analytics tools. Providing users with a wide variety of tools for communication and trade, it helps traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines of this platform. Imagine it as a social media site akin the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was created years ago by the 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 declared that Profit.ly was driven by its focus “on showing all trades, something that was never previously done.” This idea, he added, served two objectives: one) making public records for not just the gurus as well as newsletter authors and students as well as) making it possible for all users to gain insight into both losses and wins to the benefit of the trading industry. Profitly On Youtube
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of features and services aimed towards achieving the success of their business. It is possible to create an account on the site for free, but you’re limited to the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s deals that we’ll go over shortly.
Making an account easy: create a profile with your experiences and skills, join to your brokerage account, and you’ll be given the chance to climb your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users a look at the performance of the trading community as well as its experts. It’s not only a chance to show your worth to a large group of traders, but you are also able to use Profit.ly to purchase with a professional with the assurance that you’re confident with their expertise and the veracity of their claims.
If you are unsure about the concept of leaking the details of your broker account you can choose to publish your trades, whether verified or not, via pictures. In Profit.ly are the vast number of trading courses, the ability to view stats in a trader’s profile, and more ways to interact with your experts via chatrooms in addition to 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 is famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for under $5 for each share. Penny stock trading is an avenue for small companies to move into a larger market because it allows them to access capital from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes can surely tell through his many years of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million profits during his long and successful career as trader. At 25 years old, he had been given greater exposure and an even wider reach of influence when he became part of the reality show “Wall Street Warriors.” He then took advantage of it to create trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place of transparency and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have earned substantial amounts of money through their years of expertise. Profitly On Youtube
At its peak, Profit.ly had housed up to five gurus, all of them an expert 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, there are only two gurus who remain on the platform: 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 offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to 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 from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for iOS as well as Android devices, as well as 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 package. It costs $149.95 for a month this is an ideal plan for investors who are committed to investing in penny stocks. Pennystocking Silver offers all the essential features of the previous plan, including swing trading alerts and unlimited access to a library of over 7,000 educational videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading profits. Profitly On Youtube
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile app, daily market commentary shown in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base of information provided by Superman himself via his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. Additionally you’ll also gain access to premium research reports and the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership levels that are designed to accommodate traders of different levels. Let’s break down what these three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. When you sign to this plan you’ll be given a slew of robust and essential trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice package is the capability to check the results of your trades and track profit; leading, following and even texting other traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study your trades, sort or filter the trades you make; and, finally, see other’s stats.
The Novice plan is $29.95 per month. Although it might look appealing simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your activities publicly available. If you do want to have an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
The Trader package lets you to take advantage of the majority of features available in the novice plan. It is in this plan that you can set up a private profile for sharing with fellow associate users all your knowledge and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to harness their skills in trading. While it’s nice however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to view the statistics of other traders, which could be a disadvantage for those who are anticipating this level. Profitly On Youtube
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. At $74.95 monthly, with an additional 22% discount for annual billing, this tier has everything. You will have full, unrestricted access to all the options of the previous plans.
You’re not only able to view other people’s stats and data, but you also have the option of creating a private profile. Both of these features, plus the other advantages that you can utilize to the fullest potential. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly has a few additional services that it can provide. One of them is the online store, which allows users to choose from a wide array of instructional videos that are that are designed to educate and help you understand the ins and outs of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other aspects of trading. There are also clips and scenes from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of services and features. You’re probably familiar with the chat room as you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat support. But in Profit.ly, it is seen as a space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members. One of them may be more laid back and rarely active, while another may be more interactive and online in their interactions with students. Consider chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock trader types, from novices to the most experienced. Considering the number of offers it can provide it is certain to have something for every person.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. They will also be enriched with weekly videos and chat room tips from its in-house gurus and their members. Additionally, they can select from the products on its store online that they can take with them wherever they may travel. Additionally, they can gain practical experience trading on the platform, but ultimately, they will soon learn that this is a high-stakes game that shouldn’t be taken as an amusing pastime.
For traders who have years of exposure down the road, we consider Profit.ly equally suited to them as those who are just starting. While novice traders may not be as adept at dealing with trading issues but the experts already know how it works along with the stack full of risks that it carries. It is ideal to make use of Profit.ly’s range of options to their maximum advantage to develop their trading abilities. As beginners, they are able to study from the gurus as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the excitement! People in the trade industry who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to navigate them through the ever-changing trading process. Profitly On Youtube
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You get to 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 can be sure of complete transparency through Profit.ly with precise analytics and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and dependable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through images
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There is truly something for every person
- Profit.ly’s numerous packages and products offered may be too much for the majority of its users
- Since traders can choose to open any kind of trade, there is the possibility that some of them could profit from cherry-picking the best trades to increase the rating – this may be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds, as the premium customers are expected to instantly take advantage of the numerous services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it’s a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally meant to be designed in this way. Instead, it is best to keep curiosity. Profitly On Youtube
What we are referring to”yes” is it can be a great learning tool. For those who are struggling, they could find Profit.ly’s range of resources helpful when they try their best to incur lesser losses and be more successful than they did before. Not only struggling traders who will benefit 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 be taught by your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Profitly On Youtube
How can you make use of Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries under the ‘My Trade section of the dashboard that lets you record your trades, either verified or not. There are three options:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there is an excellent chance that it is verifiable. This is shown by the blue check mark. If you post 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 chance of receiving downvotes from colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, which is where the public are able to identify who is fraudulent 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 the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market all over the world.