Stock trading can be an extremely risky game. On certain days, you might have the benefit of positive and satisfactory numbers. On other days you may experience the opposite and it could be extremely difficult to get back to where you were at your peak. If you’re constantly stuck in the gutter, you will have to realize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the globe. That’s why we’ve found an online platform that will help you in your growth in the market. In this review, we’ll be taking a look at Profit.ly, a well-recognized 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 Ross Cameron Trades Profitly
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be knowledgeable, transparent, accountable, and encouraging one another through its wide range of features and tools like trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for those who are starting out and also as a platform for traders with experience to keep track of their performance through the use of sophisticated analytics tools. It provides users with a vast variety of tools to facilitate trade and communication and letting traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Consider it a social media site akin like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are valid and won’t allow for fraud as much as is humanly possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes publication, Sykes declared that Profit.ly was based “on showing the entire spectrum of trades, something which has never been done before.” This idea was, he said, serving two objectives: one) making public records for not just the gurus as well as students and newsletter writers, and 2) allowing anyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Ross Cameron Trades Profitly
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of services and features geared towards achieving the success of their business. You can create an account on the site at no cost, however you’re only given the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s deals, which we will go over shortly.
Making an account simple: Create an account that includes your personal information and skills, join to your brokerage account and you have yourself the chance to climb through high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a glimpse of the performance of the trading community as well as its gurus. You’re not just allowed to prove value to a large group of traders. You can also use Profit.ly to purchase with a guru, and have the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you are unsure about the idea of divulging information about your account with a brokerage, you may choose to publish your trades, either verified or otherwise, through screenshots. Included in Profit.ly are the vast number of trading classes as well as the ability to look at statistics on a person’s profile as well as other ways to interact with your experts in the chatroom, along with email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for just less than 5 cents per share. The penny stock market can be seen as an opportunity for small-scale businesses to make the 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 an extremely risky game, as Sykes can surely tell through his many years of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as trading professional. When he was 25 years old Tim Sykes had received more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” He used the opportunity to create trading rooms, penny stock themes, and educational content geared toward people who are brand new to the trading field. He also helped to establish Profit.ly as a place of transparency, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have proven to make substantial profits through their years of knowledge. Ross Cameron Trades Profitly
At its height, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on this platform: the 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 we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS and Android devices, email, text and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 for a month this is a great option for those who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features of the previous plan, which includes swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos that are updated weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Ross Cameron Trades Profitly
The Superman Alerts package is his offering of essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket as well as the mobile app, daily market commentary in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable 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 the growing collection of other previous ones. Additionally, you’ll also get the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s break down what these three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. Once you have signed up for this plan, you will be immediately given a slew of robust and vital trading tools, all one of them essential in keeping your fingers on what we could call a ruthless process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice program is the capability to check trades and track profits as well as leading, following and even texting your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze, 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, there is a downside. It isn’t possible to create a private profile, thus making your personal information public. If you’re interested in gain access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader plan allows you to use a majority of features from The Novice package. In this plan, that you are able to create an individual profile that allows you to share with other associates all your insights and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to improve their expertise in trading. While it’s nice, there is one significant feature that is missing. As opposed to the prior Novice package, this one won’t be able view other traders’ statistics that might be a drawback for those looking forward to this tier. Ross Cameron Trades Profitly
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. At $74.95 each month and a 22% discount for billing annually This plan offers it all. You get full, no-holds-barred access to all options of the prior plans.
Not only do you get to see other users’ stats and data, but you also have the option of creating your own private profile. Both of these features, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re in search of a plan that can serve all the features you need to be an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly offers a number of additional services that it can offer. One of these is its online store, where customers can pick from a range of instructional videos that are created to provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the website can be immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and other related to trading, videos and scenes taken from the Annual Pennystocking Conference, and other products by expert traders.
The chat rooms that are integrated are as well part of Profit.ly’s array of services and features. You may be familiar with the concept of chat rooms since you can see it across messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a place where gurus and their members trade and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members there. One might be a laid-back person who is not very often active, while another might be more active and in touch in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock trader types, from novices to the most experienced. Considering the number of offers it offers, the platform surely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus and members. Additionally, they can choose from the items on its store online that they can take with them wherever they may go. They can also gain hands-on experiences from trading within the platform, but eventually, they will soon learn that this is a high-stakes game that shouldn’t be treated as a joke.
For those traders who have had decades of experience in the road, we consider Profit.ly as equally as suitable for them as it is for the newcomers. While the newbies may not be as well-equipped with dealing with trading issues, the pros already understand how it works and the plethora of risks associated with it. Ideally, they may make use of Profit.ly’s array of features to their full advantage to develop their trading abilities. Like beginners, they can learn from the top experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Verified experts can also join in the fun! Trade professionals who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to navigate them through the ever-changing trading process. Ross Cameron Trades Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You’ll be taught by experts 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 and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for most of its users
- As traders may opt to open any kind of trade, there is an opportunity that some them could profit from picking the most profitable trades to boost their rating this could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds, as the premium customers are expected to instantly benefit from the many features the platform is able to offer
The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, it’s yes. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t designed to be used in this way. Instead, it is best to keep the ability to think with an open heart. Ross Cameron Trades Profitly
What we mean”yes” is it could be a useful learning tool. People who are stuck could find Profit.ly’s range of resources to be helpful when they try their best to incur lesser losses and be more successful than they did before. It’s not only the struggling traders who will profit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely care about being more successful in trading and would like to learn from your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Ross Cameron Trades Profitly
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes a trade entry portion under the My Trade section of the dashboard which lets you post your trades, either verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there is the probability that it’s verifiable. This is evident by the small blue check. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the risk of receiving downvotes from fellow peers. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile version of the app 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 investors and traders as they not only are looking to earn maximum profits but also to help one another grow and learn more about acquiring stock market opportunities all over the world.