Stock trading can be a high-stakes game. Some 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 very difficult to return to where you were your best. If you are always in the mud it is important be aware that relying solely on instinct and survival is not always enough.
If you’ve experienced loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from fellow traders from around the globe, which is why we’ve found a platform that can support you in your growth within the field. In this review, we’ll take an in-depth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitly Wiki
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that allows traders of different levels to be informative and accountable, as well as transparent and encouraging each other through its broad array of tools and features including chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for traders who are starting out as well as a place for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. It provides users with a vast range of resources for trade and communication and letting traders from all walks of life connect with one another. It also allows gurus to make worthy investments within the boundaries of this platform. Consider it the social media equivalent the likes of Facebook and Reddit, but for traders and experts.
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 ensures that the transactions are legitimate and will not allow for fraud as much as possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never previously done.” The idea was, he said, serving two objectives: one) keeping track of public data for not just the gurus, but also the newsletter writers and students as well as) allowing anyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Profitly Wiki
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of services and features geared toward success. It is possible to create an account there at no cost, however you’re limited to the capability to browse the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s deals that we’ll go over shortly.
Making an account simple: Create an account with your experience and skills, join to your brokerage account, and you have yourself a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a glimpse of how the community of traders performs and its experts. You’re not just allowed to show value to a group of traders, as you can also utilize Profit.ly to shop with a professional with the confidence that you are confident of their knowledge and the credibility of their assertions.
If you feel uneasy with the idea of divulging information about your account with a brokerage, then you could choose to publish your trades, whether verified or not, via pictures. Included in Profit.ly is the huge selection of trading classes and the capability to see stats in a trader’s profile and other methods to interact with your experts through the chatroom as well as 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 refers to a small company’s shares that trade for less than $5 per share. The trading of penny stocks is an avenue for small companies to move into a larger market because it allows them to access capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell thanks to his years of expertise.
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. At the age of 25, he had been given greater exposure and a larger impact when he was a part of the reality show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms and penny stock themes and educational material aimed at those who are new to the trading field. He also helped establish Profit.ly as a platform for openness, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning resources, trade alerts, and other useful stuff offered by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have earned significant amounts of profit from their combined years of experience. Profitly Wiki
At its height, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus 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 Let’s look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll observe him focus on basic stock catalysts and employ them to forecast the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available for 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 premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 monthly, this is an ideal plan for those who are more invested in penny stock trading. Pennystocking Silver comes with all the standard features of prior plans, such as swing trading alerts and unlimited access to a rich library of over 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly Wiki
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket as well as the mobile app, the daily market updates in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge that is provided by Superman himself via his Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally, you’ll also get the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the world of online trading and make a mark on the market, Profit.ly has the right amount of tools to get you going. The platform has three membership tiers, each designed for traders at different levels. Let’s break down what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. Once you have signed up for this plan you’ll be offered a range of strong and essential trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders, as well as giving feedback on the trades of today. You can also get onto leaderboards; study your trades, sort and filter your trades; and, finally, see other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your personal information public. If you do want to have the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use a majority of features from the Novice plan. It is in this plan that you can set up a private profile to share with other associate users all the insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to harness their trading skills. As nice as it seems but there’s one important aspect that’s not included. In contrast to the Novice package, you will not be able view the statistics of other traders that could be a problem for some who may be anticipating this level. Profitly Wiki
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. At $74.95 each month and a 22% discount when billed annually, this tier has it all. You get full, no-holds-barred access to all the features of the previous plans.
Not only do you get to look at other people’s statistics, but you’re also given the chance to create a private profile. These two features are in addition to the advantages that you can utilize to their fullest capacity. If you’re looking for an account that will give you everything you need as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly provides a variety of more services it has to provide. One of them is the online store, which allows users to select from a variety of video products designed to inform and help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage taken from the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of features and services. You’re probably familiar with the concept of chat rooms since you will see it on messaging and social platforms, in addition to a few special websites that provide live chat support. However, in Profit.ly, it is seen as a hands-on place where gurus and their member traders can communicate and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members there. One of them may be a laid-back person who is not very often engaged, while another could be more interactive and online to their pupils. Think of the chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock traders, ranging from novices to the most experienced. Considering the number of offers it can provide it is certain to have something for every person.
For instance, newbies can take advantage of Profit.ly’s knowledge-based materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice from its in-house gurus and their members. Additionally, they can select from the products on its store online for them to take wherever they may go. Additionally, they can gain practical experience trading on the platform, but eventually they’ll be able to realize that this is a high stakes game that shouldn’t be taken as a joke.
For traders who have years of exposure down the line, we believe Profit.ly equally suited to them as people who are just beginning. While the newbies may not be as proficient in dealing with trading issues but the experts already know how it works along with the plethora of risks associated with it. Ideally, they may use Profit.ly’s array of options to their maximum advantage to develop their trading abilities. Like novices, they can learn from the top experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Trade professionals who are at the same level as Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others in order to guide them through the ever-illustrious trading process. Profitly Wiki
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders from all over the world with a wealth of education communications, trading, and communication tools
- You get to be provided with excellent lessons and tips from the inside experts, as well as libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s bountiful stream of packages and products offered may not be enough for the majority of its customers
- Since traders can choose to make any type of trade, there’s a possibility that some of them will profit by selecting the best trades in order to increase the rating This could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds as the premium customers will immediately take advantage of the numerous services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could think of the answer, it would be yes. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always intended to be created to achieve this goal. Instead, you need to have an open mind. Profitly Wiki
What we are referring to by ‘yes’ is that it could be a useful learning tool. People who are stuck might find Profit.ly’s variety of resources to be helpful in their efforts to reduce losses and be more successful than before. It’s not just the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly want to become better at trading and wish to be taught by your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Profitly Wiki
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries under the My Trade category on the dashboard. It allows you to post your trades that are verified or not. There are three choices:
- Linking your account to the broker of choice and import the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your trades
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there’s the probability that it’s verifiable. This is shown by the small blue check. If you submit it manually or through pictures, it will be assigned as unverified.
The downside of having an unverified trade is the risk of receiving downvotes from colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of this 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 is compatible with most operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just seeking to make the most profit but also help each other learn and improve in acquiring stock market opportunities all over the world.