Stock trading can be a high-stakes game. On some days, you might have the benefit of pleasing and positive numbers. However, on other days you may experience the opposite and it could be very difficult to get back to where you were at your peak. If you are immersed in the water You will need to realize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve identified an option that can help you in your improvement in the market. We’ll be taking the time to look at Profit.ly, a well-recognized 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profitly Since 2021
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of different levels to be informed and accountable, as well as transparent and to build relationships with one another through its wide array of tools and features like trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for traders who are just beginning their journey and also as a platform for experienced traders to track their performance through the use of sophisticated analytics tools. Providing users with a wide variety of tools for communication and trade that help traders from every field of business connect with each other. It gives the gurus worthwhile investments within the confines of this platform. Imagine it as an online social media platform similar like Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance 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 allow for fraud as much as it is possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never done before.” This idea was, he said, serving two purposes: 1) keeping track of public data for all traders, not just the gurus and students and newsletter writers and secondly) giving all users to learn from both the wins and losses to benefit the industry of trading. Profitly Since 2021
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of features and services aimed toward the success of their business. It is possible to create an account on the site for free, but you’re limited to the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real-time, you will need to join one of Profit.ly’s offers that we’ll go over shortly.
Making an account simple: Create a profile with your experiences and knowledge, then connect to your brokerage account and you have yourself the chance to climb through at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a look at the performance of the trading community as well as its gurus. It’s not just a way to demonstrate value to a group of traders, as you are also able to use Profit.ly to buy with a guru, and have the assurance that you’re comfortable of their knowledge and the credibility of their claims.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you can decide to share your trades, either verified or not, by taking screenshots. Also included in Profit.ly is the huge selection of courses in trading and the capability to see the stats of a trader’s account, and more ways to interact with your experts in the chatroom, along with notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at under $5 for each share. The trading of penny stocks can be seen as a stepping stone for small-scale businesses to make the transition to a market that is larger as it gives them access to capital from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes will be able to tell you through his many years of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as a trader. When he was 25 years old Sykes was given greater exposure and an even wider influence over time when he was a part of the reality series “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms as well as penny stock themes and educational material aimed at those who are new to trading. He also played a role in establishing Profit.ly as a place of 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 education tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the experts in trading who have made substantial profits through their years of experience. Profitly Since 2021
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll see him focus on the fundamental stock catalysts and use them to predict the next moves that could occur when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS and Android devices; texts, emails and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 monthly, it is a great option for those who are involved in penny stock trading. Pennystocking Silver includes all the basic features of prior plans, including alerts for swing trading and access to a rich library of over 7,000 educational videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Profitly Since 2021
The Superman Alerts package is his offer of the most essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist and the mobile application, daily market commentary shown in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base that is provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. In addition, you’ll also get an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership levels that are designed to accommodate traders of different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. When you sign to this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, all of which is essential to keep your fingers on what call a competitive process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice package is the ability to verify trades and track profits and follow-up, leading and even texting your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze your trades, sort as well as filter trades and, finally, see other people’s statistics.
The Novice plan costs $29.95 per month. Although it looks attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal account, making your personal information public. If you’re interested in gain the benefit of this service, you should be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package lets you to use many of the features of the novice plan. It is in this plan that you can set up a private profile to share with fellow associate users all the insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to improve their expertise in trading. While it’s nice, there is one significant feature that is missing. In contrast to the Novice package, you won’t be able to view the statistics of other traders, which could be a problem for those eager to try this new tier. Profitly Since 2021
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly offers to experienced traders. With $74.95 per month, which includes 22% off when billed annually, this tier has everything. It gives you full, unlimited access to all the features of the previous plans.
You’re not only able to view other people’s stats, but you’re also given the chance to create an individual profile. Both of these features, in addition to the advantages that you can utilize to the fullest potential. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly has a few more services it has to offer. One of those is its online store, where customers can select from a variety of video products designed to inform and provide guidance on the nuances and pitfalls of trading. The products listed in this section of the website can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other related to trading, videos and clips taken from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of services and features. You may be familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, in addition to a few special websites that offer live chat support. However, in Profit.ly it’s seen as a place where gurus and their members can interact and learn in real time. Every guru has their own way in operating their chat room and dealing with the listed members there. One of them may be more laid back and less active, while another may be more online and communicative to their pupils. Consider chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, from beginners to experienced pros. Given the wide range of options it offers it is certain to have something for all.
For instance, newbies can take advantage of Profit.ly’s library of learning information available on the platform. In addition, they will be provided with videos every week and chat room tips from the in-house experts and members. Additionally, they can select from the products from its online store that they can take with them wherever they may be. You can also get hands-on experiences from trading within the platform, but ultimately they’ll realize that the process is a high stakes game that shouldn’t be treated as a joke.
For the traders with many years of experience down the line, we believe Profit.ly as equally as suitable for them as it is for the newcomers. Although the novices might not be as well-equipped with handling trading matters but the experts already know the way it functions and the stack full of risks that it carries. It is ideal to use Profit.ly’s variety of options to their maximum advantage to improve their trading skills. Like beginners, they can learn from the experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the fun! Trade professionals 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 skills to others in order to guide them through the ever-illustrious trading process. Profitly Since 2021
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders across the globe with a wealth of education tools, communication, and trading tools
- You’ll be taught by experts and insights from its in-house gurus, including libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and services offered could not be enough for most of its users
- As traders may opt to post any kind of trade, there’s the possibility that some of them could profit from selecting the best trades in order to increase the rating – this may be a concern that should not be simply overlooked
- Profit.ly will not allow refunds, as the premium customers will immediately take advantage of the numerous features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be a ‘yes’. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always meant to be designed to achieve this goal. Instead, it is best to keep curiosity. Profitly Since 2021
What we do mean”yes” is that it could be a useful learning tool. For those who are struggling, they might be able to find Profit.ly’s variety of resources helpful in their efforts to reduce losses and perform better than before. Not only poor traders that can profit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be better at trading and wish to learn from your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profitly Since 2021
How can you make use of Profit.ly to make your trades public?
Profit.ly has a trade entry portion in the ‘My Trade’ category of the dashboard that allows you to post your trades, verifiable or otherwise. There are three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot 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 is a high probability that it’s verifiable. This is shown by the blue check mark. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market left and right.
