Stock trading can be an extremely risky game. On some days, you may enjoy the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite and it can be extremely difficult to get back to where you were your most productive. If you are constantly stuck in the gutter it is important be aware that relying solely on your instincts and preserving might not be enough.
If you’ve been incurring losses from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve identified an online platform that will help you in your growth in the industry. In this review, we’ll take an in-depth look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitly Trader Checklist
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of various levels to be informed, transparent, accountable, and uplifting with one another through its wide array of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for traders who are starting out and as a hub for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Providing users with a wide array of options for communication and trade that help traders from all walks of life network with one another. It gives the gurus worthy investments within the boundaries of the platform. Think of it as the social media equivalent like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that transactions are legitimate and will not accept fake news as long as is humanly possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never done before.” The idea, he added, served two goals: 1.) creating public track records for not just the gurus and students and newsletter writers, and 2) allowing all users to be enlightened by the losses and wins to the benefit of the trading industry. Profitly Trader Checklist
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of features and services aimed towards achieving success. You may set up an account there for free, but you’re only limited to having access to the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s offerings, which we will go over shortly.
The process of opening an account is easy: create a profile with your experiences and expertise, connect your brokerage account, and you’ll have the chance to climb your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a glimpse of the performance of the trading community and its experts. You’re not just allowed to demonstrate your worth to a group of traders. You can also utilize Profit.ly to buy with a professional with the confidence that you are confident in their skills and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing your brokerage account, you may decide to share your trades, verified or otherwise, through screenshots. Included in Profit.ly are a variety of courses in trading as well as the ability to look at stats in a trader’s profile as well as other ways to connect with your gurus in 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 famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at just less than 5 cents per share. Penny stock trading is a stepping stone for small-scale businesses to make the transition to a large marketplace as it allows them to access funds from the general 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 experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as trading professional. At the age of 25 Sykes was given more exposure and a wider reach of influence when he became part of the reality series “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place of openness, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. These gurus refer to the trading experts who have earned substantial amounts of money through their years of expertise. Profitly Trader Checklist
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their niche within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this 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. In light of that we’ll take a look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you will see him focus on the basic stock catalysts and employ them to forecast the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS and Android devices, text, e-mail, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. Priced at $149.95 per month, it is an ideal plan for those who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features found in the previous plan, including swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional 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 all-time trading earnings. Profitly Trader Checklist
The Superman Alerts plan is an package of vital features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist as well as the mobile application, daily market commentary in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. On top of that you’ll also have an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership levels that cater to traders at different levels. Let’s take a look at what these three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. When you sign to this plan, you will be immediately offered a range of strong and essential trading tools, all one of them essential in keeping your fingers on what we call a competitive procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit and follow-up, leading and even texting your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study, sort, and filter your trades; and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it looks attractive simply because of the price, there is a downside. You aren’t able to create a personal profile, thus making your actions public. If you do want to have access to this feature, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use the majority of features available in the novice plan. It is in this plan that you can create a private profile to share with other associates all your insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to harness their expertise in trading. While it’s nice 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’ statistics this could be a problem for those eager to try this new tier. Profitly Trader Checklist
Pro Plan
The Pro plan is the highest expensive plan Profit.ly can offer to experienced traders. With $74.95 monthly, with an additional 22% discount for billing annually, this tier has everything. It gives you full, unlimited access to all the options of the prior plans.
Not only do you get to look at other people’s statistics and data, but you also have the opportunity to create your own private profile. These two features are plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give you with everything you require as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly offers a number of additional services that it can offer. One of these is its online store, which allows users to choose from a wide array of videos that are designed to educate and provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the site can be immediately purchased for personal use. Among these products include best-sellers like the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, as well as all related to trading, videos and footage from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s range of services and features. You may be familiar with the concept of the chat room since you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a hands-on place where gurus and their members trade and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members there. One might be laid back and less engaged, while another could be more interactive and online to their pupils. Think of chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, ranging from beginners to experienced pros. Given the wide range of options it has to offer, the platform surely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. Not only will they get daily videos and chat room advice by its internal gurus and members. They’ll also be able select from the products on its store online to carry with them wherever they may travel. They can also gain hands-on experiences from trading within the platform, but ultimately, they will soon learn that the process is a high-stakes game that shouldn’t be taken as a joke.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suitable to them as those who are just starting. While the newbies may not be as well-equipped with managing trading, the pros already understand how it works and the stack full of risks that it carries. Ideally, they may use Profit.ly’s variety of features to their full advantage to improve their skills in trading. Like beginners, they can learn from the top experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the enjoyment! Trade professionals who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders as a way to help assist them in the ever-changing trading process. Profitly Trader Checklist
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You will be taught by experts and insights from its in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of packages and services offered could be too much for a lot of its customers
- As traders may opt to open any kind of trade, there is an opportunity that some them may take advantage by cherry-picking the best trades to improve their ratings This could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because its premium users are expected to instantly benefit from the number of services that the platform can offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally meant to be designed for this reason. Instead, it is best to keep curiosity. Profitly Trader Checklist
What we are referring to”yes” is it can be a great learning tool. Those who may be stuck could find Profit.ly’s array of resources helpful when they try their best to incur lesser losses and be more successful than before. It’s not only the poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
If you really desire to be a better trader and want to learn from your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Profitly Trader Checklist
How can you make use of Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the “My Trade’ category of the dashboard. It lets you record your trades, verifiable or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Take a photo of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there’s an excellent chance that it is verifiable. This is indicated with the blue check mark. If you submit it manually or through pictures, it will be assigned as unverified.
The downside of having an unauthentic trade is the risk of receiving downvotes from fellow peers. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market both right and left.
