Stock trading can be an extremely risky game. On certain days, you could be reaping the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it could be extremely difficult to return to where you were your best. If you find yourself always in the mud You will need to realize that relying on your instincts and preserving is not always enough.
If you’ve been incurring 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 fellow traders from around the globe. That’s why we’ve discovered an online platform that will help you in your improvement in the market. We’ll be taking the time to look at Profit.ly A well-respected 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.
Overall Rating: 4.1/5 Profitly Reviews
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be informative responsible, transparent, and encouraging each other by offering a wide array of tools and features including trade verification, chat rooms and a rich 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 just beginning their journey and as a hub for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources for trade and communication, it helps traders from all walks of life connect with one another. It also allows gurus to make worthy investments within the boundaries of the platform. Think of it as an online social media platform similar the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes said that Profit.ly was driven by its focus “on showing every trade, something that was never prior to.” The concept, he added, served two objectives: one) making public records for not just the gurus and newsletter writers and students as well as) allowing all users to learn from both losses and wins to benefit the industry of trading. Profitly Reviews
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of features and services aimed towards achieving the success of their business. It is possible to create an account there at no cost, however you’re only limited to having the capability to browse the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s deals, which we will discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and skills, join your brokerage account, and you’ll be given an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as 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 just a way to prove that you’re worthy to the large group of traders. You can also utilize Profit.ly to buy with a professional with the confidence that you are confident of their knowledge and the veracity of their assertions.
If you feel uneasy with the idea of divulging your brokerage account, you can decide to share your trades, whether verified or not, via pictures. In Profit.ly are the vast number of trading classes and the capability to see stats in a trader’s profile, and more ways to connect with your gurus in the chatroom, along with text and e-mail alerts and updates.
Meet Tim Sykes, 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 the term “penny stock” refers to a small company’s stock which trades at just less than 5 cents per share. The trading of penny stocks could be viewed as an avenue for small companies to move into a larger market because it gives them access to money from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
Beginning in his late years in high school, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as a trader. When he was 25 years old, he had been given greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” He took advantage of it to establish trading rooms and penny stock themes and educational content geared toward those who are new to trading. He also helped establish Profit.ly as a place for openness, 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 variety of learning resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have proven to make significant amounts of profit from their combined years of expertise. Profitly Reviews
At its height, Profit.ly had housed up to five gurus, each of them an expert in their niche in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll observe him focus on basic stock catalysts and employ them to predict the next moves that could occur when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS as well as 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 per month, it is a great option for those who are committed to investing in penny stocks. Pennystocking Silver includes all the basic features found in earlier plans such as swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos that are updated weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “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 all-time trading earnings. Profitly Reviews
The Superman Alerts plan is his package of vital features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile application, daily market updates in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge that is provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally you’ll also gain the ability to access premium reports on research as well as an 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 get you going. The platform offers three membership tiers that cater to traders with different levels. Let’s break down what these three levels are and what they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. As you sign up for this package, you will be immediately provided with a variety of powerful and essential trading tools, each of which is essential to keep your fingers on what call a competitive process in and of itself.
Some of the features you can do using Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following, and even messaging other traders; and providing feedback on trades today. You can also get on leaderboards; analyze the results of your analysis, sort, or filter the trades you make; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price however, there’s a drawback. You can’t create a private profile, which makes your personal information public. If you’re looking to have access to this feature, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to use the majority of features available in the Novice plan. In this plan, that you can create an individual profile that allows you to share with fellow associate users all your knowledge and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to harness their expertise in trading. As nice as it seems but there’s one important element that’s missing. As opposed to the prior Novice package, you will not be able to view other traders’ stats that could be a problem for those who are eager to try this new tier. Profitly Reviews
This is by far the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 monthly, with a 22% discount for annual billing, this tier has everything. It gives you full, unlimited access to all the features of the previous plans combined.
In addition, you’ll be able to view other people’s stats and data, but you also have the chance to create your own private profile. Both of these features, on top of all the benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly has a few more services it has to offer. One of them is the online store, which allows users to pick from a range of videos that are designed to educate and provide guidance on the ins and outs of trading. All of the products featured on this page of the site can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and other things trading-related, clips and footage of the Annual Pennystocking Conference, and products from other expert traders.
The integrated chat rooms are included in Profit.ly’s range of features and services. You’re probably familiar with chat rooms since you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat assistance. But on Profit.ly it’s seen as a real-time place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members there. One might be more laid back and less active, while another might be more interactive and online to their pupils. Consider chat rooms as Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock trader types, from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. Additionally, they can select from the products from its online store to carry with them wherever they be. You can also get hands-on experiences by trading through the platform, but ultimately they’ll be able to realize that the process is a high-stakes game that shouldn’t be treated as a joke.
For traders who have many years of experience down the line, we believe Profit.ly equally suited to the newcomers. While the newbies may not be as well-equipped with handling trading matters however, experienced traders know how it works and the stack full of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s variety of features to their full advantage to improve their trading abilities. Like novices, they can study from the gurus and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the enjoyment! People in the trade industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others in order to assist them in the ever-changing trading process. Profitly Reviews
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with a wealth of education, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its inside experts, as well as collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and authentic trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices – there truly is something for all
- Profit.ly’s numerous products and packages offered might be too much for a lot of its customers
- If traders decide to post any kind of trade, there’s a possibility that some of them could profit from picking the most profitable trades to boost their rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the number of services that the platform can provide
The Final Concluding Question is: Is Profit.ly Worth It?
If we could come up with an answer to this question, it’s a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you need to have curiosity. Profitly Reviews
What we do mean”yes” is that it could be a useful learning tool. Those who may be stuck may find Profit.ly’s variety of resources to be helpful when they try their best to avoid losses and perform better than they did 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 be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Profitly Reviews
How do you use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries under the My Trade’ category of the dashboard. It lets you post your trades, either verified or otherwise. You may choose between three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your trades
How can I tell whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there’s the probability that it’s verifiable. This is indicated with the blue check mark. If you upload the information manually or via pictures, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of receiving downvotes from colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market both right and left.