Stock trading can be a high-stakes game. On certain days, you might be reaping the benefits of positive and satisfying numbers. On other days, however you may experience the opposite and it could be extremely difficult to get back to where you were your most productive. If you are always in the mud, you will have to recognize that relying on instinct and survival might not be enough.
If you’ve experienced loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need 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 take a 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 Stephen Johnson
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informative, transparent, accountable, and to build relationships with one another through its wide range of features and tools like chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for traders new to trading as well as a place for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Offering users a broad range of resources to facilitate trade and communication, it helps traders from all walks of life connect with one another. It gives the gurus an opportunity to invest in the right areas of the platform. Consider it an online social media platform similar like Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are authentic and won’t accept fake news as long as it is possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes publication, Sykes declared that Profit.ly was based “on showing every trade, something that has never been done before.” The concept, he added, served two goals: 1.) keeping track of public data for not just the gurus as well as students and newsletter writers and secondly) giving all users to be enlightened by both the wins and losses for the trading industry’s benefit. Profitly Stephen Johnson
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of features and services aimed at achieving the success of their business. You can create an account on the site at no cost, however you’re limited to the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offerings, which we will discuss in the near future.
The process of opening an account is easy: create a profile with your experiences and expertise, connect 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 leaders’ board feature as mentioned previously was designed to offer its users a glimpse of the performance of the trading community as well as its gurus. It’s not only a chance to prove your worth to a community of traders, but you can also use Profit.ly to shop with a professional with the assurance that you’re comfortable in their skills and the credibility of their claims.
If you feel uneasy with the idea of divulging the details of your broker account then you could decide to share your trades, verified or not, by taking screenshots. Included in Profit.ly is the huge selection of trading courses as well as the ability to look at the stats of a trader’s account as well as other ways to communicate with your gurus through the chatroom as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock which trades at under $5 for each share. Penny stock trading is an opportunity for small companies to move to a large marketplace as it gives them access to capital from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you through his many years of expertise.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, earned an estimated $6 million earnings throughout his illustrious career as trader. At the age of 25, he had been given more exposure and a wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms, penny stock themes, and educational content geared toward those who are new to the trading field. He also helped to establish Profit.ly as a place of transparency, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have made substantial amounts of money through their years of knowledge. Profitly Stephen Johnson
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on the platform: the founder of the penny stock market 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 offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you’ll see him focus on the basic stock catalysts and employ them to anticipate the next moves that could occur when trading.
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 highest-quality version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month it is an ideal plan for those who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features found in prior plans, which includes swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly Stephen Johnson
The Superman Alerts plan is his package of vital features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket as well as the mobile app, the daily market updates in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base of information provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. In addition you’ll also have access to premium research reports and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership levels that cater to traders with different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. When you sign up for this plan, you will be immediately given a slew of robust and vital trading tools, all of them integral in keeping your fingers on what can describe as a cutthroat process in and of itself.
The list of features you can do using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit and follow-up, leading, and even messaging other traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study your trades, sort and filter your trades; and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive for the price alone but there’s a disadvantage. You can’t create a private profile, which makes your activities publicly available. If you do want to get the benefit of this service, keep an eye on us as we present to you Profit.ly’s next plan.
Trader Plan
The Trader package allows you to take advantage of the majority of features available in the novice plan. This plan allows that you can create an individual profile that allows you to share with other associates all your insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to improve their trading skills. While it’s nice but there’s one important element that’s missing. In contrast to the Novice package, you won’t be able to see other traders’ stats, which could be a problem for some who may be anticipating this level. Profitly Stephen Johnson
Pro Plan
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. With $74.95 per month, with a 22% discount when billed annually the Pro plan has it all. You get full, no-holds-barred access to all features of the previous plans combined.
Not only do you get to view other people’s stats and data, but you also have the opportunity to create your own private profile. These two features are on top of all the benefits that you can use to the fullest potential. If you’re in search of an account that will give all the features you need to be an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly has a few other services they offer. One of those is its online store, where customers can select from a variety of instructional videos that are created to help you understand the ins and outs of trading. All of the products featured in this section of the site can be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and clips of 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 array of services and features. You are probably familiar with the concept of the chat room since you will see it on social and messaging platforms, in addition to a few special websites that provide live chat support. But in Profit.ly it’s seen as a hands-on area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the listed members. One might be laid back and not very often active, while another might be more active and in touch with their students. Consider chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, from novices to experienced professionals. With the variety of deals it has to offer this platform definitely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. Not only will they be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. They’ll also be able to choose from the items in its online store to carry with them wherever they may travel. They can also gain hands-on experiences from trading within the platform, but eventually they’ll realize that this is a high-stakes game that shouldn’t be taken as an amusing pastime.
For those traders who have had many years of experience down the road, we consider Profit.ly equally suited to them as people who are just beginning. While novice traders may not be as proficient in dealing with trading issues but the experts already know how it works along with the risky mix that come with it. Ideally, they may utilize Profit.ly’s array of options to their maximum advantage to develop their skills in trading. Like novices, they can study from the gurus as well as experts, and take advantage of short tips and tricks along the way.
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! Trade professionals who are at similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others in order to navigate them through the ever-changing trading process. Profitly Stephen Johnson
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders across the globe with tons of learning communications, trading, and communication tools
- You will be taught by experts and advice from the company’s in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates – there truly is something for all
The Cons
- Profit.ly’s numerous packages and services offered could not be enough for most of its users
- If traders decide to open any kind of trade, there is the possibility that some of them will profit by picking the most profitable trades to increase the rating this could be a concern that should not be simply overlooked
- Profit.ly does not accept 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: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be yes. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always designed to be used for this reason. Instead, you should have an open mind. Profitly Stephen Johnson
What we mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they could be able to find Profit.ly’s range of resources useful when they try their best to reduce losses and perform better than before. It’s not just the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts in the field!
If you truly desire to be better at trading and wish to be taught by your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profitly Stephen Johnson
How do you use Profit.ly to post your trades?
Profit.ly offers a trade entry portion in the ‘My Trade section of the dashboard. It allows you to post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your transactions
How can I tell whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there is an excellent chance that it is verifiable. This is evident by the blue check mark. If you post it in a manual way or by taking images, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving downvotes from fellow peers. Too many downvotes may result in you appearing in the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are looking to earn maximum profits but also assist each other to learn and improve in acquiring stock market opportunities both right and left.
