Stock trading is an extremely risky game. On certain days, you could have the benefit of positive and satisfying numbers. On other days, however you may experience the opposite and it could be very difficult to get back to where you were your peak. If you are immersed in the water, you will have be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve suffered occasional losses You’ll need reliable advice from tested and tried 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 found a platform that can support you in your improvement within the field. This review will be taking a look at Profit.ly A well-respected 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.
Overall Rating: 4.1/5 Profitly Trading
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service 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 like chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for traders new to trading and also as a platform for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Providing users with a wide range of resources for communication and trade that help traders from all walks of life connect with one another. It also allows gurus to make worthy investments within the boundaries of this platform. Think of it as the social media equivalent the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are valid and won’t accept fake news as long as possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes publication, Sykes said that Profit.ly was based “on showing the entire spectrum of trades, something which has never been prior to.” The idea Sykes said served two objectives: one) keeping track of public data for everyone, not just the experts as well as newsletter authors and students, and 2) allowing everyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. Profitly Trading
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of services and features geared at achieving achievement. You may set up an account at no cost, however you’re limited to the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
Making an account simple: Create an account that includes your personal information and skills, join to your brokerage account, and you’ll have an opportunity to make your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users a look at their performance as a trading group as well as its experts. It’s not just a way to show your worth to a community of traders, as you are also able to use Profit.ly to purchase with a professional with the assurance that you’re confident 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 may choose to publish your trades, either verified or not, via photographs. In Profit.ly is the huge selection of courses in trading, the ability to view the stats of a trader’s account as well as other ways to communicate with your gurus in the chatroom, in addition to notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at just less than 5 cents per share. The penny stock market is a stepping stone for small-scale businesses to make the transition to a market that is larger as it gives them access to funds from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
Beginning in his late years in High School, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as a trader. At 25 years old Tim Sykes had received more exposure and a wider impact as a participant in the reality series “Wall Street Warriors.” Then, he made use of the show to develop trading rooms, 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 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 most appealing features is the variety of educational resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to the trading experts who have earned significant amounts of profit from their collective years of experience. Profitly Trading
At its peak, Profit.ly had housed up to five gurus, each 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, however, only two gurus remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you will see him focus on the fundamental stock catalysts and use them to anticipate the next move that is possible when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS as well as Android devices, texts, emails and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 for a month this is an ideal plan for investors who are invested in penny stock trading. Pennystocking Silver comes with all the standard features of the previous plan, such as alerts for swing trading and access to a collection of more than 7,000 educational videos and new videos released each week.
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In “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 he began as a trader, Superman has amassed over $5.5 million in trading profits. Profitly Trading
The Superman Alerts plan is an offer of the most essential features and trading alerts geared to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist along with the mobile app, daily market commentary in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge of information provided by Superman himself via his Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. Additionally you’ll also gain the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and make a mark on the field, Profit.ly has the right amount of tools to get you going. The platform has 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
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. As you sign up for this package, you will be immediately given a slew of robust and essential trading tools, each one of them essential in keeping your fingers on what we can describe as a cutthroat procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice package is the ability to confirm trades and track profits; leading, following and even texting your fellow traders; and giving feedback on the trades of today. You can also get onto leaderboards; study, sort, and filter your trades; and, finally, see other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re looking to have an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows users to benefit from the majority of features available in the Novice plan. It is in this plan that you can set up an individual profile that allows you to share with fellow associate users all your knowledge and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to develop their skills in trading. As nice as it seems but there’s one important element that’s missing. As opposed to the prior Novice package, this one won’t be able to view the statistics of other traders this might be a drawback for some who may be looking forward to this tier. Profitly Trading
Pro Plan
This is by far the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 monthly, which includes an additional 22% discount when billed annually the Pro plan has everything. You get full, no-holds-barred access to all the features of the previous plans combined.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the option of creating a private profile. Both of these features, in addition to the advantages you’ll be able to use to the maximum extent. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly provides a variety of more services it has to offer. One of these is its online store, which lets users select from a variety 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 website is available to be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and all other 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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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of features and services. You’re probably familiar with the chat room since you can see it across 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 hands-on space where experts and their members can interact and learn in real time. Every guru has their own style in running their chat rooms and dealing with the listed members. Some may be more laid back and not very often active, while another might be more online and communicative with their students. Think of the chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock traders, from novices to the most experienced. Given the wide range of options it can provide this platform definitely has something for all.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. They will also get daily videos and chat room advice by its internal gurus as well as their members. They’ll also be able select from the products from its online store that they can take with them wherever they go. You can also get hands-on experience trading on the platform, but eventually they’ll realize that the process is a high stakes game that should not be viewed as a joke.
For the traders with many years of experience down the road, we consider Profit.ly equally suited for them as it is for people who are just beginning. Although the novices might not be as adept at managing trading however, experienced traders know the way it functions and the stack full of risks that come with it. It is ideal to use Profit.ly’s range of features to their best advantage to improve their skills in trading. As beginners, they are able to learn from the top experts as well as experts, and take advantage of quick tips and tidbits to help them along.
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 enjoyment! Those in the trading industry who are at similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others in order to navigate them through the ever-changing trading process. Profitly Trading
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 an abundance of knowledge, communication, and trading tools
- You get to receive excellent training and tips from the inside experts, as well as 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 on the platform gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There is truly something for all
The Cons
- Profit.ly’s numerous packages and services offered could be too much for the majority of its users
- Since traders can choose to open any kind of trade, there’s a possibility that some of them may take advantage by cherry-picking the best trades to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly will not allow refunds as the premium customers will immediately benefit from the number of services that the platform can offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could think of the answer, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always designed to be used in this way. Instead, you need to have the ability to think with an open heart. Profitly Trading
What we are referring to by ‘yes’ is that it could be a useful learning tool. Those who may be stuck may find Profit.ly’s variety of resources to be helpful when they try their best to incur lesser losses and perform better than they did before. Not only struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
If you really want to become more successful in trading and would like to learn from your peers and experts on the way, you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Profitly Trading
How do you use Profit.ly to publish your trades?
Profit.ly has an entry section for trades in the My Trade section of the dashboard which lets you record your trades, either verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there’s the probability that it’s 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 drawback of posting an unverified trade is the risk of getting downvotes from your colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just seeking to make the most profit but also help each other learn and improve in acquiring stock market opportunities left and right.
