The stock market can be an exciting game with high stakes. On some days, you might enjoy the benefits of pleasing and positive numbers. However, on other days, the opposite may happen, and it may sometimes be extremely difficult to return to the point you were at your peak. If you’re immersed in the water it is important to realize that relying on instinct and survival is not always enough.
If you’ve been incurring losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need an important boost from fellow traders from around the world, which is why we’ve found an online platform that will help you in your growth within the field. We’ll be taking a look at Profit.ly, a well-recognized 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.
Total Rating: 4.1/5 Profitly Swing Traders
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of all levels to be informative responsible, transparent, and to build relationships with each other through its broad array of tools and features such as trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for those who are just beginning their journey as well as a place for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Offering users a broad variety of tools for trade and communication and letting traders from all walks of life connect with each other. It gives the gurus worthy investments within the boundaries of this platform. Think of it as a social media site akin like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees 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 the other expert Michael Mosseri.
In an appearance in Forbes publication, Sykes declared that Profit.ly was based “on showing all trades, something that has never been previously done.” The concept was, he said, serving two purposes: 1) creating public track records for all traders, not just the gurus and newsletter writers and students and secondly) making it possible for all users to gain insight into both the wins and losses to the benefit of the trading industry. Profitly Swing Traders
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of features and services aimed towards achieving success. You may set up an account at no cost, however you’re only limited to having the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re looking to invest 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 that we’ll go over shortly.
The process of opening an account is easy: create an account that includes your personal information and expertise, connect your brokerage account, and you’ll have an opportunity to make your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer 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. You can also use Profit.ly to shop with a professional with the assurance that you’re confident of their knowledge and the veracity of their claims.
If you’re not comfortable with the concept of leaking the details of your broker account you can choose to publish your trades, verified or not, via screenshots. Also included in Profit.ly is the huge selection of trading classes and the capability to see statistics on a person’s profile as well as other ways to interact with your experts through the chatroom in addition to 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 is well-known for delving his hands into the penny-stock market. According to Investopedia Penny stock is a small business’s stock that trades for under $5 for each share. The trading of penny stocks could be viewed as an opportunity for small businesses to transition into a larger market because it gives them access to capital from the general 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 experience.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, made more than $6 million in earnings during his long and successful career as trading professional. When he was 25 years old, he had been given more exposure and a wider influence over time as a participant in the reality show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a platform for transparency, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the trading experts who have made substantial amounts of money from their combined years of knowledge. Profitly Swing Traders
At its peak, Profit.ly had housed up to five gurus, each of them a professional within their particular field within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on this platform: Founder and 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 offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you will observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next possible moves in trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as Android devices, as well as texts, emails, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 for a month it is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver offers all the essential features of prior plans, including swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Profitly Swing Traders
The Superman Alerts plan is his offering of essential features and alerts on trading geared to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile app, the daily market commentary shown in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base that is provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. On top of that you’ll also have the ability to access premium reports on research and 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 a mark in the field, Profit.ly has the right amount of resources to get you going. The platform has three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three tiers are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. When you sign up for this package you’ll be provided with a variety of powerful and indispensable trading tools, all one of them essential in keeping your fingers on what we could call a ruthless process by itself.
The list of features you can do using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging other traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze the results of your analysis, sort, and filter your trades; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. You aren’t able to create a personal account, making your personal information public. If you’re interested in have the benefit of this service, stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader plan allows users to benefit from a majority of features from the novice plan. This plan allows that you can create a private profile to share with fellow associates all your insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to develop their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. Unlike the previous Novice package, you will not be able to view the statistics of other traders that might be a drawback for those eager to try this new tier. Profitly Swing Traders
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. With $74.95 per month, with an additional 22% discount when billed annually This plan offers everything. You get full, no-holds-barred access to all the options of the prior plans.
Not only do you get to see other users’ stats as well, you’re also offered the option of creating your own private profile. Both of these options, 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 trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly offers a number of other services they offer. One of these is its online store, which lets users pick from a range of videos that are designed to educate and help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be purchased immediately for personal use. Among these products include best-sellers such as”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 aspects of trading. There are also clips and clips of The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s range of features and services. You may be familiar with the concept of the chat room since you will see it on social and messaging platforms and also on a few specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a hands-on space where experts and their member traders can communicate and share knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members there. Some may be a laid-back person who is rarely active, while another may be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of the forum in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock traders, ranging from novices to experienced professionals. With the variety of deals it has to offer this platform definitely has something for every person.
For instance, newbies will appreciate Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be enriched with weekly videos and chat room tips from its in-house gurus and their members. They’ll also be able to choose from the items in its online store that they can take with them wherever they may go. Additionally, they can gain practical experiences from trading within the platform, but eventually, they will soon learn that the process is a high-stakes game that should not be viewed as a joke.
For the traders with years of exposure down the line, we see Profit.ly as equally as suitable to them as the newcomers. While novice traders may not be as well-equipped with handling trading matters however, experienced traders know how it works along with the plethora of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s variety of options to their maximum advantage to improve their trading skills. Like beginners, they can study from the gurus and experts , and use those quick tips and tidbits to help them along.
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 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 as a way to assist them in the ever-changing trading process. Profitly Swing Traders
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders across the globe with an abundance of knowledge, communication, and trading tools
- You get to receive excellent training and tips from the in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There is truly something for every person
The Cons
- Profit.ly’s abundance of packages and services offered could seem overwhelming for the majority of its customers
- If traders decide to make any type of trade, there’s an opportunity that some them will profit by picking the most profitable trades to boost their rating this could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds as the premium customers will immediately take advantage of the numerous services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always intended to be created in this way. Instead, you need to have an open mind. Profitly Swing Traders
What we are referring to by ‘yes’ is that it can be a great learning tool. Those who may be stuck may find Profit.ly’s variety of resources to be helpful as they do their best to avoid losses and perform better than they did before. It’s not just the struggling traders that will profit from the platform. It is able to accommodate novices and even experts in the field!
If you really care about being more successful in trading and would like to learn from your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Profitly Swing Traders
How can you make use of Profit.ly to post your trades?
Profit.ly has a trade entry portion in the My Trade section of the dashboard which lets you post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Take a photo of your trades
How do I know if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there’s a high probability that it’s verifiable. This is shown by the blue check mark. If you upload it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the chance of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities on the stock market both right and left.
