Stock trading can be a high-stakes game. On certain days, you could be reaping the benefits of pleasing and positive numbers. On other days, however it could be the reverse, and it may sometimes be extremely difficult to return to the point you were at your best. If you’re constantly stuck in the gutter it is important to recognize that relying on your instincts and preserving might not 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 important boost from colleagues in the market from all over the world, which is why we’ve found a platform that can support you in your improvement in the industry. This review will be taking the time to look at Profit.ly, a well-recognized single-stop social platform to trade!
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.
Overall Rating: 4.1/5 Profitly Top Traders
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of various levels to be informative and accountable, as well as transparent and uplifting with each other through its broad array of tools and features including chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for traders new to trading and as a hub for traders who are experienced to monitor their performance with the help of advanced analytics tools. Providing users with a wide variety of tools for trade and communication, it helps traders from all walks of life network with each other. It gives the gurus worthwhile investments within the confines that the site. Imagine it as an online social media platform similar to Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never done before.” This idea, he added, served two purposes: 1) making public records for everyone, not just the experts as well as newsletter writers and students, and 2) giving anyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Profitly Top Traders
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of tools and services that are geared toward success. You may set up an account there for free, but you’re only given the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offers that we’ll review in the coming days.
Making an account simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you’ll have a chance to shoot through high on the leaderboard. 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 as well as its gurus. You’re not just allowed to prove your worth to a community of traders. You can also use Profit.ly to purchase with a professional with the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, you may opt to post your trades, either verified or not, by taking pictures. Included in Profit.ly are a variety of courses in trading, the ability to view stats in a trader’s profile and other methods to interact with your experts through the chatroom in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for just less than 5 cents per share. Penny stock trading is an avenue for small businesses to transition to a market that is larger as it allows them to access capital from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes will be able to tell you because of his decades of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of profits throughout his illustrious career as trader. At 25 years old Sykes was given greater exposure and a larger influence over time as a participant in the reality series “Wall Street Warriors.” Then, he used the opportunity to create trading rooms and penny stock themes and educational material aimed at people who are brand new to trading. He also played a role in establishing Profit.ly as a place of transparency and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education resources, trade alerts, as well as other useful information provided by the company’s internal gurus. Gurus are referred to the trading experts who have proven to make substantial amounts of money from their collective years of knowledge. Profitly Top Traders
At its height, Profit.ly had housed up to five gurus, each of them a pro within their particular field in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next move that is possible when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS and Android devices, as well as email, text, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 monthly, it is a great option for those who are more committed to investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in prior plans, including swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Profitly Top Traders
The Superman Alerts plan is an offering of essential features and trading alerts geared to those interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile app, daily market commentary shown in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge of information provided by Superman himself through the Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. On top of that you’ll also have access to premium research reports as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers, each designed for traders with different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. When you sign up for this package, you will be immediately offered a range of strong and essential trading tools, all of them integral in keeping your fingers on what could call a ruthless process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following, and even messaging your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study the results of your analysis, sort, as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing simply because of the price however, there’s a drawback. You can’t create a private profile, thus making your personal information public. If you’re looking to gain an account with this option, keep an eye on us as we present to you Profit.ly’s next plan.
Trader Plan
The Trader plan allows users to benefit from many of the features of the Novice plan. In this plan, that you can create an account that is private for sharing with fellow associate users all the insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to improve their trading skills. As nice as it seems however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you won’t be able to view the statistics of other traders, which might be a drawback for those who are looking forward to this tier. Profitly Top Traders
Pro Plan
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. It costs $74.95 each month which includes a 22% discount when billed annually the Pro plan has it all. You get full, no-holds-barred access to all the options of the previous plans.
Not only do you get to see other users’ stats and data, but you also have the opportunity to create your own private profile. Both of these features, in addition to the advantages you’ll be able to use to the maximum extent. If you’re looking for an account that will give you with everything you require as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly has a few other services they offer. One of them is the online store, where customers can choose from a wide array of instructional videos that are that are designed to educate and guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all related to trading, videos and clips taken from the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of services and features. You are probably familiar with the concept of the chat room as you can find it throughout social and messaging platforms, in addition to a few special websites that offer live chat support. But on Profit.ly it’s seen as a hands-on place where gurus and their members can interact 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 laid back and not very often engaged, while another could be more interactive and online in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock trader types, from novices to experienced professionals. Considering the number of offers it has to offer, the platform surely has something for all.
Newbies, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus and members. Additionally, they can pick from the merchandise available in its online store to carry with them wherever they may go. Additionally, they can gain practical experiences by trading through the platform, however they’ll be able to realize that trading is a high stakes game that shouldn’t be taken as a joke.
For traders who have years of exposure down the line, we see Profit.ly as equally as suitable to them as those who are just starting. Although the novices might not be as proficient in dealing with trading issues but the experts already know how it works and the risky mix that it carries. Ideally, they may make use of Profit.ly’s array of options to their maximum advantage to enhance their trading abilities. Like beginners, they can study from the gurus and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the excitement! Trade professionals who are on an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to help navigate them through the ever-changing trading process. Profitly Top Traders
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders across the globe with tons of learning tools, communication, and trading tools
- You get to receive excellent training and advice from the company’s inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of products and packages offered might not be enough for most of its customers
- If traders decide to post any kind of trade, there’s a possibility that some of them will profit by picking the most profitable trades to boost their rating this could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds because its premium users will immediately benefit from the number of services the platform has to offer
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The Final Concluding Question: Is Profit.ly Valued?
If we could come up with the answer, it would be yes. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform was not always designed to be used to achieve this goal. Instead, you need to have curiosity. Profitly Top Traders
What we mean”yes” is it could be a useful learning tool. People who are stuck might find Profit.ly’s range of resources helpful in their efforts to reduce loss and perform better than they did before. Not only struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you really want to become a better trader and want to learn from your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Profitly Top Traders
How can you make use of Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries in the ‘My Trade’ category of the dashboard. It lets you record your trades, verifiable or otherwise. There are three options:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there’s an excellent likelihood that it can be verified. This is shown by the blue check mark. If you submit the information manually or via images, it will be assigned as unverified.
The downside of having an unverified trade is the chance of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just trying to maximize profits but also to help one another learn and improve in acquiring opportunities on the stock market left and right.
