Stock trading can be an exciting game with high stakes. On certain days, you may be reaping the benefits of pleasing and positive numbers. On other days you may experience the opposite and it can be very difficult to return to where you were your peak. If you are immersed in the water, you will have to realize that relying on your instincts and preserving is not always enough.
If you’ve experienced loss from time to time You’ll need 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 identified an online platform that will help you in your improvement within the field. This review will take an in-depth 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 P Logo
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of different levels to be knowledgeable responsible, transparent, and to build relationships with each other by offering a wide range of features and tools including trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for those new to trading and also as a platform for experienced traders to track their performance through the use of cutting-edge analytics tools. It provides users with a vast variety of tools for communication and trade, it helps traders from all walks of life connect with one another. It gives the gurus worthwhile investments within the confines of the platform. Imagine it as the social media equivalent to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are valid and won’t accept fake news as long as possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never previously done.” This idea Sykes said served two purposes: 1) making public records for not just the gurus and newsletter writers and students, and 2) giving everyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Profitly P Logo
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of tools and services that are geared toward achievement. You may set up an account on the site at no cost, however you’re limited to access to the leaderboard and observe the activities of non-gurus. If you’re interested in investing 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 offers, which we will go over shortly.
Setting up an account is simple: Create an account with your experience and skills, join your brokerage account, and you’ll have a chance to shoot through at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users an insight into their performance as a trading group and its gurus. It’s not only a chance to prove value to a group of traders, but you can also utilize Profit.ly to purchase from a guru with the assurance that you’re comfortable in their skills and the legitimacy of their claims.
If you are unsure about the idea of sharing your brokerage account, you can decide to share your trades, whether verified or not, by taking screenshots. In Profit.ly are the vast number of trading courses and the capability to see statistics on a person’s profile and other methods to communicate with your gurus through 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 efforts in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for just less than 5 cents per share. The penny stock market is an avenue for small companies to move to a market that is larger as it gives them access to funds from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes is sure to reveal thanks to his years of experience.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as trader. When he was 25 years old, he had been given greater exposure and an even wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” He used the opportunity to establish trading rooms and penny stock themes and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a place for openness, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have proven to make significant amounts of profit through their years of knowledge. Profitly P Logo
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 included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll observe him focus on basic stock catalysts and employ them to forecast the next possible moves in making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS and Android devices; 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. Priced at $149.95 for a month it is an ideal plan for those who are committed to the penny-stock market. Pennystocking Silver offers all the essential features found in prior plans, such as alerts for swing trading and access to a rich library of over 7,000 educational videos and new videos released each week.
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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 the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly P Logo
The Superman Alerts plan is his package of vital features and trading alerts targeted to those interested. For $147 per month, you’ll gain access daily premarket stock watchlist and the mobile app, daily market updates in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base of information provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. Additionally, you’ll also get the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you going. The platform has three membership levels that cater to traders of different levels. Let’s look at what the three are and how much they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. As you sign up for this plan you’ll be offered a range of strong and vital trading tools, all of which is essential to keep your fingers on what call a competitive procedure in its own.
Among the list of things you can do with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following and even chatting with other traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, and filter your trades and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone, there is a downside. It isn’t possible to create a private account, making your activities publicly available. If you’re interested in have access to this feature, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package allows you to use many of the features of the Novice plan. In this plan, that you are able to create a private profile to share with fellow associate users all your knowledge and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to harness their trading skills. While it’s nice but there’s one important aspect that’s not included. As opposed to the prior Novice package, you will not be able view the statistics of other traders this might be a drawback for those who are anticipating this level. Profitly P Logo
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. At $74.95 monthly, and a 22% discount for billing annually This plan offers it all. You will have full, unrestricted access to all the features from the two previous plans.
Not only do you get to see other users’ stats as well, you’re also offered the chance to create a private profile. These two features are plus the other benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly offers a number of more services it has to offer. One of these is its online store, which allows users to select from a variety of video products created to guide you through the ins and outs of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. These include best-selling products such as the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and all other things trading-related, clips and scenes taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s array of services and features. You’re probably familiar with the concept of the chat room since you can find it throughout messaging and social platforms, in addition to a few special websites that offer live chat support. However, in Profit.ly, it is seen as a area where experts and members trade and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. One might be more laid back and less active, while another might be more online and communicative to their pupils. Think of the chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, from novices to experienced professionals. Considering the number of offers it has to offer, the platform surely has something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based information available on the platform. They will also be provided with videos every week and chat room tips from its in-house gurus as well as their members. Additionally, they can select from the products in its online store for them to take wherever they may be. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll realize that this is a high stakes game that should not be viewed as an opportunity to make fun of.
For the traders with years of exposure down the road, we consider Profit.ly equally suitable to those who are just starting. While novice traders may not be as proficient in managing trading but the experts already know the way it functions and the plethora of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their best advantage to enhance their skills in trading. Like novices, they can learn from the top experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the enjoyment! People in the trade industry who are at similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to help assist them in the ever-changing trading process. Profitly P Logo
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 tons of learning, communication, and trading tools
- You’ll be taught by experts and advice from the company’s internal experts, which include libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There is truly something for everyone
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for a lot of its customers
- If traders decide to open any kind of trade, there is the possibility that some of them will profit by cherry-picking the best trades to boost their rating this could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds, as its premium users are expected to immediately take advantage of the numerous services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t meant to be designed for this reason. Instead, you should have curiosity. Profitly P Logo
What we are referring to”yes” is that it is a fantastic learning tool. For those who are struggling, they may be able to find Profit.ly’s range of resources useful when they try their best to reduce losses and be more successful than they did before. Not only poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
If you truly want to become better at trading and wish to be taught by your mentors and peers throughout the process, then look no further – Profit.ly could be a good option to begin.
FAQ Profitly P Logo
How do you use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades in the My Trade section of the dashboard. It lets you record your trades, either verified or not. You may choose between three choices:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your trades
How can I tell if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the small blue check. If you upload it in a manual way or by taking pictures, it will be assigned as unverified.
The downside of having an unverified trade is the chance of getting downvotes from your colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market left and right.