Stock trading is an extremely risky game. On some days, you may be reaping the benefits of positive and satisfactory numbers. On other days, however it could be the reverse, and it may sometimes be extremely difficult to get back to where you were your best. If you find yourself always in the mud it is important to realize that relying on pure instinct and preservation is not always enough.
If you’ve suffered losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the world, which is why we’ve identified an online platform that will help you to improve your performance in the market. In this review, we’ll take a 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 Profity Jumbo
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other by offering a wide 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 that functions as a learning and training platform for people new to trading and as a hub for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. Offering users a broad range of resources for communication and trade, it helps traders from all walks of life network with each other. It gives the gurus worthy investments within the boundaries of this platform. Think of it as a social media site akin the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The trading platform is built on honesty and transparency: it ensures that the transactions are legitimate and will not accept fake news as long as it is possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never prior to.” The idea was, he said, serving two objectives: one) creating public track records for all traders, not just the gurus, but also the newsletter authors and students as well as) allowing all users to gain insight into the losses and wins to the benefit of the trading industry. Profity Jumbo
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of features and services aimed towards achieving achievement. You may set up an account on the site for free, but you’re only given the ability to navigate through the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s offerings that we’ll go over shortly.
Setting up an account is simple: Create an account with your experience and skills, join to your brokerage account and you’ll have 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 look at the performance of the trading community as well as its experts. It’s not just a way to prove that you’re worthy to the group of traders, but you are also able to use Profit.ly to shop from a guru with the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging your brokerage account, you may choose to publish your trades, either verified or otherwise, through photographs. Included in Profit.ly are the vast number of trading classes and the capability to see stats in a trader’s profile and other methods 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 trader who is well-known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” is a small business’s shares that trade for just less than 5 cents per share. The penny stock market is an avenue for small businesses to transition to a market that is larger as it allows them to access capital from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal through his many years of expertise.
Beginning 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. When he was 25 years old, he had been given more exposure and a wider impact when he became part of the reality series “Wall Street Warriors.” He then made use of the show to create trading rooms as well as penny stock themes as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a platform for openness, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational tools, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have earned substantial amounts of money through their years of expertise. Profity Jumbo
At its height, Profit.ly had housed up to five gurus, all of them a professional 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, however, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you will see him focus on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when trading.
A single purchase in 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.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 per month, it is an ideal plan for investors who are involved in penny stock trading. Pennystocking Silver offers all the essential features found in the previous plan, such as alerts for swing trading and access to a library of over 7,000 educational videos and new videos released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Profity Jumbo
The Superman Alerts plan is an offering of essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket along with the mobile app, the 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 the extensive knowledge base of information provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. In addition you’ll also gain access to premium research reports and the IPO or earnings monitor.
Profit.ly Programs 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 resources to get you up and running. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s break down what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. When you sign up for this package, you will be immediately provided with a variety of powerful and vital trading tools, each one of them essential in keeping your fingers on what we call a competitive process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, or filter the trades you make; and, finally, see other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone but there’s a disadvantage. You can’t create a private account, making your actions public. If you’re looking to gain an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader plan allows users to benefit from many of the features of the novice plan. It is in this plan that you can set up a private profile for sharing with fellow associate users all the insights and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to improve their trading skills. Although it’s a nice thing however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you will not be able to view the statistics of other traders, which could be a problem for some who may be anticipating this level. Profity Jumbo
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. It costs $74.95 per month, and 22% off for billing annually, this tier has everything. It gives you full, unlimited access to all features of the prior plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the opportunity to create a private profile. Both of these features, plus the other benefits that you can use to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly provides a variety of additional services that it can offer. One of these is its online store, which allows users to choose from a wide array of instructional videos that are created to help you understand the ins and outs of trading. The products listed in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers like the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and footage of events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s variety of features and services. You’re probably familiar with the concept of the chat room as you will see it on messaging and social platforms, as well as some specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a space where experts and their member traders can communicate and exchange knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members there. One might be laid back and not very often active, while another may be more online and communicative in their interactions with students. Consider chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, ranging from novices to the most experienced. With the variety of deals it has to offer it is certain to have something for every person.
For instance, newbies can take advantage of Profit.ly’s collection of educational information available on the platform. In addition, they will get daily videos and chat room advice from its in-house gurus as well as their members. They’ll also be able choose from the items from its online store to carry with them wherever they may go. You can also get hands-on experiences by trading through the platform, but eventually they’ll be able to realize that the process is a risky 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 as equally as suitable to them as people who are just beginning. Although the novices might not be as adept at handling trading matters however, experienced traders know how it works and the plethora of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s variety of options to their maximum advantage to develop their skills in trading. Like novices, they can learn from the experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the excitement! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to assist them in the ever-changing trading process. Profity Jumbo
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders from all over the world with a wealth of education, communication, and trading tools
- You’ll be taught by experts and insights from its in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There is truly something for all
- Profit.ly’s abundance of products and packages offered might be too much for a lot of its customers
- Since traders can choose to post any kind of trade, there’s a possibility that some of them could profit from picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds as the premium customers will immediately benefit from the number of services that the platform can provide
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The Final Verdict is: Is Profit.ly worth it?
If we were able to come up with the answer, it’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally intended to be created to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Profity Jumbo
What we are referring to”yes” is it can be a great learning tool. For those who are struggling, they might discover Profit.ly’s array of resources to be helpful in their efforts to incur lesser losses and perform better than before. It’s not just the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you really care about being better at trading and wish to learn from your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Profity Jumbo
How can you make use of Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries in the ‘My Trade category on the dashboard which lets you post your trades, verifiable or not. You may choose between three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using the spaces provided and details
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there’s the likelihood that it can be verified. This is evident by the small blue check. If you upload it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the chance of receiving downvotes from fellow peers. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also to help one another grow and learn more about acquiring stock market opportunities both right and left.