Stock trading is an extremely risky game. On some days, you could have the benefit of positive and satisfying numbers. On other days, however, the opposite may happen and it can be very difficult to return to where you were your most productive. If you’re always in the mud it is important to recognize that relying on your instincts and preserving might not be enough.
If you’ve experienced losses from time to time You’ll need reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the world, which is why we’ve identified an option that can help you in your improvement in the market. In this review, we’ll take an in-depth look at Profit.ly A well-respected one-stop 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.
Total Rating: 4.1/5 Ross Cameron Profitly
The User’s Experience 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be informed responsible, transparent, and encouraging one another through its wide array of tools and features such as trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for traders who are starting out and also as a platform for traders who are experienced to monitor their performance using the aid of advanced analytics tools. It provides users with a vast range of resources to facilitate trade and communication that help traders from every field of business connect with each other. It gives the gurus worthwhile investments within the confines that the site. Imagine it as a social media site akin the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes publication, Sykes stated that Profit.ly was based “on showing every trade, something that was never prior to.” The concept was, he said, serving two purposes: 1) creating public track records for all traders, not just the gurus, but also the newsletter writers and students, and 2) allowing everyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. Ross Cameron Profitly
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of features and services aimed at achieving achievement. You may set up an account on the site for free, but you’re only limited to having access to the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest 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 deals, which we will review in the coming days.
The process of opening an account is easy: create a profile with your experiences and expertise, connect to your brokerage account and you’ll have a chance to shoot through high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a glimpse of their performance as a trading group and its experts. You’re not just allowed to prove value to a community of traders, as you can also utilize Profit.ly to purchase from a guru with the assurance that you’re confident of their knowledge and the credibility of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can choose to publish your trades, either verified or not, by taking screenshots. Included in Profit.ly are the vast number of trading classes as well as the ability to look at stats in a trader’s profile as well as other ways to communicate with your gurus through the chatroom along with email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for just less than 5 cents per share. The penny stock market could be viewed as a stepping stone for small-scale businesses to make the transition to a market that is larger as it allows them to access funds from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes is sure to reveal thanks to his years of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made an estimated $6 million earnings throughout his illustrious career as trading professional. At the age of 25 Tim Sykes had received greater exposure and a larger influence over time when he became part of the reality show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are new to trading. He also helped establish Profit.ly as a place for openness, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have earned substantial profits from their collective years of knowledge. Ross Cameron Profitly
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS as well as Android devices, as well as text, e-mail and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. It costs $149.95 per month, it is an ideal plan for those who are more committed to penny stock trading. Pennystocking Silver comes with all the standard features that were included in the previous plan, including alerts for swing trading and access to a rich library of over 7,000 educational videos that are updated each week.
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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 massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Ross Cameron Profitly
The Superman Alerts package is his offering of essential features and trading alerts geared to those interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket as well as 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, plus access to the extensive knowledge base that is provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. Additionally you’ll also have an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership levels that cater to traders at different levels. Let’s break down what these three are and how much they will cost you.
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 to this plan, you will be immediately offered a range of strong and indispensable trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat procedure in its own.
Some of the features you can do using Profit.ly’s Novice package is the ability to confirm trades and track profits; leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards; analyze your trades, sort or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, which makes your activities publicly available. If you do want to gain access to this feature, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package allows you to take advantage of the majority of features available in the novice plan. This plan allows that you are able to create a private profile to share with other associate users all your knowledge and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to harness their expertise in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. Unlike the previous Novice package, you will not be able to view other traders’ stats, which might be a drawback for those who are looking forward to this tier. Ross Cameron Profitly
The Professional plan can be described as the most expensive plan Profit.ly can offer to experienced traders. At $74.95 each month which includes an additional 22% discount for annual billing the Pro plan has it all. You get full, no-holds-barred access to all the features of the previous plans combined.
You’re not only able to see other users’ stats, but you’re also given the option of creating your own private profile. These two features are on top of all the benefits that you can use to the fullest potential. If you’re in search of 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
Apart from the provided training tools and the leaderboards, Profit.ly provides a variety of other services they offer. One of them is the online store, which allows users to pick from a range of instructional videos that are created to help you understand the nuances and pitfalls of trading. The products listed on this page of the website is available to be immediately purchased for personal use. These include best-selling products such as the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and all other related to trading, videos and clips from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s array of features and services. You are probably familiar with the chat room since you can find it throughout social and messaging platforms, in addition to a few special websites that provide live chat assistance. However, in Profit.ly, it is seen as a hands-on place where gurus and their members can interact and learn in real time. Every guru has their own way in operating their chat room and dealing with the members. One of them may be a laid-back person who is rarely active, while another may be more interactive and online with their students. Think of the chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock traders, ranging from novices to the most experienced. With the variety of deals it can provide it is certain to have something for all.
Newbies, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week and chat room advice from the in-house experts and members. They’ll also be able to select from the products on its store online that they can take with them wherever they be. You can also get hands-on experience trading on the platform, but ultimately, they will soon learn that the process is a high stakes game that shouldn’t be taken as an amusing pastime.
For the traders with decades of experience in the line, we believe Profit.ly equally suited to the newcomers. While the newbies may not be as proficient in handling trading matters but the experts already know the way it functions and the risky mix that it carries. In the ideal scenario, they can use Profit.ly’s variety of features to their full advantage to enhance their skills in trading. Like beginners, 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-together’ nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are on the same level as Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to help navigate them through the ever-changing trading process. Ross Cameron Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with a wealth of education, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s internal experts, which include collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost – there truly is something for all
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for a lot of its users
- As traders may opt to post any kind of trade, there is a possibility that some of them could profit from cherry-picking the best trades to increase the rating – this may be a concern that should not be simply overlooked
- Profit.ly does not accept refunds, as its premium users are expected to immediately benefit from the many services the platform has to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we were able to come up with the answer, it would be yes. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally designed to be used for this reason. Instead, you should have the ability to think with an open heart. Ross Cameron Profitly
What we do mean”yes” is that it could be a useful learning tool. People who are stuck may discover Profit.ly’s array of resources helpful in their efforts to reduce losses and perform better than before. It’s not only the struggling traders who will benefit from this platform. It can accommodate beginners and even experts in the field!
If you really want to become better at trading and wish to learn from your mentors and peers along the way, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Ross Cameron Profitly
How can you make use of Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries under the My Trade category on the dashboard. It lets you post your trades, verifiable or not. There are three choices:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is indicated with the blue check mark. If you upload the information manually or via screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the chance of receiving downvotes from fellow peers. Too many downvotes may cause you to be listed on the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just looking to earn maximum profits but also help each other learn and improve in acquiring stock market opportunities all over the world.