Stock trading is an extremely risky game. On certain days, you could enjoy the benefits of positive and satisfying numbers. On other days, however you may experience the opposite and it can be extremely difficult to get back to the point you were at your best. If you’re always in the mud it is important to recognize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the world, which is why we’ve found an option that can help you in your improvement in the industry. In this review, we’ll be taking a look at Profit.ly A well-respected all-in-one 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 Steve Dux Profitly
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be knowledgeable and accountable, as well as transparent and encouraging each other by offering a wide variety of tools and features such as trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for people who are just beginning their journey and as a hub for experienced traders to track their performance through the use of sophisticated analytics tools. It provides users with a vast array of options for trade and communication, it helps traders from every field of business connect with each other. It gives the gurus an opportunity to invest in the right areas 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 from them in the style of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine, Sykes said that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been prior to.” This idea Sykes said served two purposes: 1) keeping track of public data for everyone, not just the experts, but also the newsletter authors and students as well as) giving all users to gain insight into the losses and wins to the benefit of the trading industry. Steve Dux Profitly
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of tools and services that are geared at achieving achievement. You can create an account at no cost, however you’re limited to the capability to browse the leaderboard and observe the activities of non-gurus. If you’re interested in investing 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 review in the coming days.
Making an account simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you have yourself the chance to climb through the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a glimpse of how the community of traders performs and its experts. You’re not just allowed to demonstrate value to a large group of traders. You can also use Profit.ly to buy from a guru with the assurance that you’re confident in their skills and the credibility of their assertions.
If you’re not comfortable with the idea of sharing your brokerage account, then you could opt to post your trades, either verified or not, via pictures. In Profit.ly is the huge selection of trading courses, the ability to view stats in a trader’s profile as well as other ways to communicate with your gurus in the chatroom, along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his involvement in penny stock trading. According to Investopedia Penny stock refers to a small company’s stock that trades for under $5 for each share. Penny stock trading can be seen as an avenue for small businesses to transition to a market that is larger as it gives them access to money from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned an estimated $6 million profit during his long and successful career as trader. When he was 25 years old Sykes was given more exposure and a wider influence over time when he became part of the reality show “Wall Street Warriors.” He then used the opportunity to establish trading rooms, penny stock themes, and educational material aimed at people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for transparency and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have proven to make substantial profits from their collective years of knowledge. Steve Dux Profitly
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on this platform: Founder as well as penny-stock trader 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 the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll observe him focus on fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS as well as Android devices, as well as texts, emails, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. At $149.95 for a month this is a great option for those who are more involved in penny stock trading. Pennystocking Silver comes with all the standard features found in earlier plans which includes 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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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Steve Dux Profitly
The Superman Alerts plan is his offer of the most essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket along with the mobile application, daily market commentary shown in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge of information provided by Superman himself, via the Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. Additionally you’ll also have the ability to access premium reports on research and an IPO and earnings tracker.
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 help you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s break down what these three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. When you sign up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, all one of them essential in keeping your fingers on what call a competitive process in and of itself.
Among the list of things you can do with Profit.ly’s Novice program is the ability to confirm trades and track profits and follow-up, leading, and even messaging your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be onto leaderboards; study, sort, or filter the trades you make; and, finally, see the statistics of other traders.
The Novice plan will cost $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 an account with this option, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to take advantage of a majority of features from the novice plan. In this plan, that you can set up an account that is private to share with fellow 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 caters people who want to harness their trading skills. Although it’s a nice thing, there is one significant feature that is missing. Unlike the previous Novice package, you will not be able to see other traders’ statistics this could be a disadvantage for some who may be eager to try this new tier. Steve Dux Profitly
The Pro plan is the most premium package that Profit.ly offers to experienced traders. At $74.95 monthly, with a 22% discount for billing annually the Pro plan has everything. It gives you full, unlimited access to all features from the two prior plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the option of creating an individual profile. Both of these features, in addition to the advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give you everything you need as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly provides a variety of other services they provide. One of those is its online store, which allows users to choose from a wide array of instructional videos that are that are designed to educate and provide guidance on the ins and outs of trading. The products listed on this page of the site can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other things trading-related, clips and clips taken from The Annual Pennystocking Conference, and other products by expert traders.
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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 can find it throughout messaging and social platforms, in addition to a few special websites that offer live chat support. But in Profit.ly the chat room is viewed as a hands-on space where experts and their member traders can communicate and learn in real time. Every guru has their own way in running their chat rooms and dealing with the members there. Some may be laid back and rarely active, while another may be more online and communicative in their interactions with students. Think of chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, from novices to experienced professionals. With the variety of deals it has to offer, the platform surely has something for all.
Newbies, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. They will also be enriched with weekly videos and chat room tips from its in-house gurus and their members. They’ll also be able to pick from the merchandise available from its online store that they can take with them wherever they may travel. You can also get hands-on experiences by trading through the platform, but ultimately they’ll realize that trading is a high-stakes game that should not be viewed as an amusing pastime.
For the traders with years of exposure down the line, we believe Profit.ly as equally as suitable to people who are just beginning. While the newbies may not be as proficient in managing trading but the experts already know the way it functions and the risky mix associated with it. In the ideal scenario, they can use Profit.ly’s range of features to their best advantage to develop their trading abilities. As beginners, they are able to learn from the top experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the fun! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others as a way to help navigate them through the ever-changing trading process. Steve Dux Profitly
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 communications, trading, and communication tools
- You get to be provided with excellent lessons and tips from the 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 as well as fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices – there truly is something for all
- Profit.ly’s abundance of packages and products offered may seem overwhelming for a lot of its users
- If traders decide to post any kind of trade, there’s an opportunity that some them will profit by cherry-picking the best trades to improve their ratings This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds, as its premium users are expected to instantly take advantage of the numerous services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always meant to be designed to achieve this goal. Instead, it is best to keep an open mind. Steve Dux Profitly
What we are referring to”yes” is that it could be a useful learning tool. People who are stuck may find Profit.ly’s variety of resources useful as they do their best to reduce losses and perform better than before. It’s not only the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely care about being better at trading and wish to be taught by your peers and experts along the way, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Steve Dux Profitly
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries within the My Trade’ category of the dashboard that lets you record your trades, verifiable or not. There are three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your transactions
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is indicated with the blue check mark. If you submit it in a manual way or by taking images, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving downvotes from colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are seeking to make the most profit but also help each other grow and learn more about acquiring stock market opportunities both right and left.