Stock trading is an extremely risky game. On certain days, you might be reaping the benefits of positive and satisfactory numbers. On other days you may experience the opposite and it could be very difficult to get back to the point you were at your peak. If you are immersed in the water, you will have to realize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve identified a platform that can support you in your improvement within the field. We’ll take 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Rugby Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of various levels to be informative responsible, transparent, and uplifting with each other by offering a wide array of tools and features including chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for people who are starting out and also as a platform for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Providing users with a wide array of options for communication and trade that help traders from all walks of life connect with each other. It also allows gurus to make an opportunity to invest in the right areas of this platform. Consider it the social media equivalent to Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that was never previously done.” The idea Sykes said served two objectives: one) keeping track of public data for not just the gurus as well as newsletter writers and students, and 2) making it possible for anyone on the platform to learn from both losses and wins for the trading industry’s benefit. Rugby Profitly
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of services and features geared towards achieving the success of their business. It is possible to create an account at no cost, however you’re only given the ability to navigate through the leaderboard and follow 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 join one of Profit.ly’s deals that we’ll discuss in the near future.
Making an account simple: Create an account that includes your personal information and skills, join to your brokerage account, and you’ll have a chance to shoot through high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users an insight into the performance of the trading community and its gurus. You’re not just allowed to prove value to a community of traders. You can also use Profit.ly to shop with a professional with the confidence that you are confident in their skills and the credibility of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may choose to publish your trades, verified or otherwise, through pictures. Also included in Profit.ly are the vast number of trading courses, the ability to view statistics on a person’s profile as well as other ways to connect with your gurus via chatrooms as well as notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock which trades at under $5 for each share. The trading of penny stocks can be seen as an avenue for small companies to move into a larger market because they can access capital from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal thanks to his years of experience.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million profit through his lengthy career as a trader. At the age of 25 Sykes was given greater exposure and a larger influence over time as a participant in the reality series “Wall Street Warriors.” He made use of the show to develop trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped establish Profit.ly as a platform for openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the experts in trading who have proven to make substantial profits from their combined years of experience. Rugby Profitly
At its height, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise within the world of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as Android devices, texts, emails, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 monthly, this is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features found in prior plans, such as swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both 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. Rugby Profitly
The Superman Alerts plan is his offering of essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket and the mobile app, the daily market updates in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge of information provided by Superman himself through his Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. On top of that, you’ll also get an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership levels that are designed to accommodate traders at different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. When you sign to this plan you’ll be provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your fingers on what we call a competitive process in and of itself.
The list of features you can do with Profit.ly’s Novice package include the ability to verify trades and track profits; leading, following and even chatting with other traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study your trades, sort as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. Although it looks attractive just by the price, there is a downside. You can’t create a private account, making your activities publicly available. If you’re interested in gain access to this feature, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of a majority of features from The Novice package. This plan allows that you can create an individual profile that allows you for sharing with fellow associates all your insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to harness their expertise in trading. Although it’s a nice thing but there’s one important aspect that’s not included. In contrast to the Novice package, you won’t be able to see other traders’ statistics this could be a problem for those who are eager to try this new tier. Rugby Profitly
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly can offer to experienced traders. With $74.95 each month with 22% off for billing annually This plan offers everything. You will have full, unrestricted access to all the options of the previous plans combined.
You’re not only able to see other users’ stats, but you’re also given the option of creating an individual profile. These two features are plus the other advantages that you can utilize to the fullest potential. If you’re in search of a plan that can serve you with everything you require as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly has a few more services it has to provide. One of these is its online store, which lets users choose from a wide array of instructional videos that are designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and other related to trading, videos and footage of The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of services and features. You are probably familiar with the chat room since you will see it on social and messaging platforms, as well as some specialty websites that provide live chat support. However, in Profit.ly the chat room is viewed as a hands-on place where gurus and their member traders can communicate and learn in real time. Every guru has their own way in operating their chat room and in dealing with the members there. Some may be more laid back and not very often active, while another might be more interactive and online to their pupils. Consider chatrooms as Profit.ly’s version of the forum in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, from novices to experienced professionals. Given the wide range of options it has to offer, the platform surely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. They will also be provided with videos every week and chat room tips from the in-house experts and members. Additionally, they can choose from the items from its online store that they can take with them wherever they may travel. You can also get hands-on experiences from trading within the platform, however they’ll realize that trading is a risky game that shouldn’t be taken as an amusing pastime.
For those traders who have had decades of experience in the line, we see Profit.ly as equally as suitable to them as those who are just starting. Although the novices might not be as well-equipped with managing trading but the experts already know how it works along with the stack full of risks that come with it. It is ideal to use Profit.ly’s variety of options to their maximum advantage to improve their skills in trading. Like novices, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the enjoyment! Those in the trading industry who are on an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to navigate them through the ever-changing trading process. Rugby Profitly
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows traders across the globe with tons of learning communications, trading, and communication tools
- You get to be provided with excellent lessons and advice from the company’s internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There is truly something for everyone
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its customers
- If traders decide to open any kind of trade, there’s the possibility that some of them may take advantage by cherry-picking the best trades to increase the rating this could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds because its premium users are expected to immediately benefit from the number of services the platform has to provide
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The Final Concluding Question is: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s yes. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform was not always meant to be designed for this reason. Instead, it is best to keep an open mind. Rugby Profitly
What we do mean”yes” is that it can be a great learning tool. For those who are struggling, they could be able to find Profit.ly’s variety of resources to be helpful when they try their best to incur lesser loss and perform better than they did before. It’s not only the struggling traders that will profit from the platform. It can accommodate beginners and even experts!
If you really care about being more successful in trading and would like to be taught by your mentors and peers throughout the process, then look no further – Profit.ly may be a great alternative to start.
FAQ Rugby Profitly
How do you use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades under the My Trade’ category of the dashboard. It allows you to post your trades, either verified or otherwise. You may choose between three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades using specified spaces and information.
- Take a photo of your transactions
How do I know if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is the chance that it is verifiable. This is evident by the blue check mark. If you upload it in a manual way or by taking images, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving negative feedback from friends and colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just trying to maximize profits but also help each other grow and learn more about acquiring opportunities on the stock market both right and left.
