Stock trading is an exciting game with high stakes. On some days, you may be reaping the benefits of positive and satisfactory numbers. On other days you may experience the opposite and it can be very difficult to get back to where you were at your most productive. If you find yourself constantly stuck in the gutter You will need to realize that relying on your instincts and preserving is not always enough.
If you’ve experienced occasional losses You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the world, which is why we’ve discovered a platform that can support you to improve your performance in the industry. We’ll be taking the time to look at Profit.ly is a well-known 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.
Total Rating: 4.1/5 Profitly Wanted
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of all levels to be knowledgeable, 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 is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for people who are starting out as well as a place for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. Providing users with a wide range of resources for communication and trade that help traders from every field of business connect with each other. It also allows gurus to make worthwhile investments within the confines of this platform. Consider it an online social media platform similar the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the style 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 possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine, Sykes said that Profit.ly was based “on the transparency of every trade, something that has never been previously done.” This idea, he added, served two purposes: 1) keeping track of public data for everyone, not just the experts, but also the students and newsletter writers, and 2) allowing everyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Profitly Wanted
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of services and features geared toward achievement. It is possible to create an account at no cost, however you’re only limited to having access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll be given an opportunity to make your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a look at how the community of traders performs as well as its gurus. It’s not just a way to prove your worth to a group of traders, as you can also utilize Profit.ly to purchase with a professional with the assurance that you’re confident with their expertise and the credibility of their assertions.
If you’re not comfortable with the idea of divulging your brokerage account, you can choose to publish your trades, verified or otherwise, through pictures. In Profit.ly is the huge selection of courses in trading as well as the ability to look at stats in a trader’s profile and other methods to interact with your experts via chatrooms along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock refers to a small company’s shares that trade for just less than 5 cents per share. The penny stock market could be viewed as a stepping stone for small businesses to transition to a market that is larger as it allows them to access money from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made over $6 million of earnings 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 took advantage of it to establish trading rooms and penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for transparency and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have made substantial profits from their combined years of experience. Profitly Wanted
At its height, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing 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. With that taken into consideration, let’s take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to observe him focus on fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS as well as Android devices, email, text, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 per month, it is an ideal plan for investors who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features of the previous plan, such as alerts for swing trading and access to a rich library of more than 7,000 instructional videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Wanted
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket and the mobile application, daily market updates in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base that is provided by Superman himself via his Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. In addition you’ll also have an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and make a mark on the field, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers, each designed for traders with different levels. Let’s take a look at what these three are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. As you sign up for this package you’ll be provided with a variety of powerful and essential trading tools, all of them integral in keeping your hands on what we can describe as a cutthroat procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading and even chatting with other traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study the results of your analysis, sort, and filter your trades; and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive simply because of the price however, there’s a drawback. You can’t create a private profile, which makes your personal information public. If you’re interested in get an account with this option, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to take advantage of many of the features of the Novice plan. It is in this plan that you are able to create an individual profile that allows you for sharing with fellow associate users all the insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to harness their skills in trading. While it’s nice, there is one significant aspect that’s not included. In contrast to the Novice package, this one won’t be able to view the statistics of other traders, which could be a disadvantage for those anticipating this level. Profitly Wanted
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 each month and 22% off for annual billing the Pro plan has everything. You will have full, unrestricted access to all features of the previous plans combined.
Not only do you get to view other people’s stats as well, you’re also offered 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 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 training tools and the leadersboards Profit.ly has a few other services they provide. One of these is its online store, which lets users select from a variety of videos designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the site can be purchased immediately for personal use. These include best-selling products like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and clips taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s variety of services and features. You’re probably familiar with the chat room since you can see it across messaging and social platforms, as well as some specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a hands-on space where experts and their members trade and share knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members. One might be a laid-back person who is rarely engaged, while another could be more interactive and online to their pupils. Think of the chat rooms like Profit.ly’s version of a forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock trader types, from beginners to experienced pros. With the variety of deals it has to offer, the platform surely has something for everyone.
For instance, newbies will enjoy Profit.ly’s collection of educational content offered throughout the platform. In addition, they will get daily videos and chat room tips by its internal gurus and members. They’ll also be able to select from the products from its online store for them to take wherever they be. You can also get hands-on experiences by trading through the platform, but ultimately they’ll realize that the process is a risky game that should not be viewed as an amusing pastime.
For those traders who have had years of exposure down the road, we consider Profit.ly equally suited for them as it is for those who are just starting. Although the novices might not be as proficient in dealing with trading issues, the pros already understand how it works along with the stack full of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to enhance their skills in trading. Like novices, they can learn from the top experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the enjoyment! People in the trade industry who are on similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to assist them in the ever-changing trading process. Profitly Wanted
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders across the globe with tons of learning, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and authentic trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There’s something for everyone
- Profit.ly’s bountiful stream of packages and services offered could be too much for a lot of its users
- If traders decide to make any type of trade, there’s a possibility that some of them could profit from selecting the best trades in order to boost their rating – this may be a concern that should not be ignored.
- Profit.ly will not allow refunds as its premium users are expected to immediately take advantage of the numerous services that the platform can provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always meant to be designed for this reason. Instead, you need to have an open mind. Profitly Wanted
What we mean”yes” is that it could be a useful learning tool. People who are stuck could find Profit.ly’s variety of resources to be helpful in their efforts to reduce losses and be more successful than they did before. Not only struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly desire to be a better trader and want to be taught by your peers and experts along the way, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Profitly Wanted
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries in the “My Trade category on the dashboard which lets you post your trades, either verified or otherwise. You may choose between three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s a high chance that it is verifiable. This is evident by the small blue check. If you upload it in a manual way or by taking images, it will be assigned as unverified.
The downside of having an unauthenticated trade is the possibility of receiving downvotes from colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities on the stock market both right and left.