Stock trading can be an exciting game with high stakes. On some days, you could enjoy the benefits of pleasing and positive numbers. However, on other days you may experience the opposite and it can be very difficult to get back to where you were at your most productive. If you are immersed in the water it is important to realize that relying on your instincts and preserving might not be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing solid advice from seasoned and tested 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 discovered an option that can help you in your improvement within the field. In this review, we’ll take the time to look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Steven Dux Profitly
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of different levels to be knowledgeable and accountable, as well as transparent and uplifting with each other by offering a wide variety of tools and features such as chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for people who are starting out as well as a place for traders who are experienced to monitor their performance through the use of advanced analytics tools. Offering users a broad variety of tools for trade and communication and letting traders from all walks of life network with one another. It offers gurus with an opportunity to invest in the right areas that the site. Imagine it as a social media site akin like Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it ensures that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine Sykes declared that Profit.ly was based “on showing all trades, something that has never been previously done.” The idea, he added, served two objectives: one) creating public track records for not just the gurus, but also the newsletter writers and students, and 2) allowing anyone on the platform to learn from both losses and wins to the benefit of the trading industry. Steven Dux Profitly
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of services and features geared toward the success of their business. It is possible to create an account there at no cost, however you’re only limited to having access to the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time, you will need to subscribe to any of Profit.ly’s offerings that we’ll go over shortly.
Setting up an account is easy: create an account that includes your personal information and skills, join to your brokerage account, and you have yourself a chance to shoot your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a glimpse of the performance of the trading community and its experts. You’re not just allowed to demonstrate that you’re worthy to the community of traders. You can also use Profit.ly to buy with a guru, and have the assurance that you’re confident in their skills and the credibility of their assertions.
If you feel uneasy with the idea of divulging the details of your broker account you can choose to publish your trades, whether verified or not, via photographs. Also included in Profit.ly is the huge selection of trading classes and the capability to see the stats of a trader’s account and other methods to communicate with your gurus in the chatroom, in addition to notifications via email or text as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at under $5 for each share. Penny stock trading could be viewed as an opportunity for small-scale businesses to make the transition to a market that is larger as they can access money from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes is sure to reveal through his many years of experience.
Beginning in his late years in High School, Tim Sykes has, since then, made an estimated $6 million earnings during his long and successful career as a trader. At 25 years old Sykes was given greater exposure and a larger impact as a participant in the reality show “Wall Street Warriors.” He made use of the show to establish trading rooms and penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped establish Profit.ly as a place for openness, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning tools, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to the experts in trading who have earned substantial amounts of money through their years of knowledge. Steven Dux Profitly
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their niche within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this 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 Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him focus on the basic stock catalysts and employ them to forecast the next moves that could occur when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS as well as Android devices, texts, emails 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 package. Priced at $149.95 for a month it is an ideal plan for those who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features of earlier plans such as swing trading alerts and unlimited access to a library of more than 7,000 instructional videos, with new ones released every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Steven Dux Profitly
The Superman Alerts plan is an package of vital features and alerts on trading geared 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 application, daily market updates in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge that is provided by Superman himself via the Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. In addition you’ll also gain the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership tiers that are designed to accommodate traders with different levels. Let’s look at what the three are and how much they’ll cost you.
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 will be immediately given a slew of robust and essential trading tools, each of which is essential to keep your fingers on what we can describe as a cutthroat process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice package is the ability to verify trades and track profits; leading, following and even texting other traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study your trades, sort or filter the trades you make and, lastly, view the statistics of other traders.
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 do want to have the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets users to benefit from a majority of features from the Novice plan. This plan allows that you can create an account that is private to share with fellow associates all your insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to harness their trading skills. Although it’s a nice thing but there’s one important feature that is missing. As opposed to the prior Novice package, this one won’t be able to see other traders’ statistics that might be a drawback for those who are looking forward to this tier. Steven Dux Profitly
This is by far the most luxurious package Profit.ly offers to experienced traders. With $74.95 each month with 22% off for annual billing, this tier has it all. It gives you full, unlimited access to all the features from the two previous plans combined.
Not only do you get to look at other people’s statistics and data, but you also have the opportunity to create a private profile. Both of these features, in addition to the advantages that you can utilize to the fullest potential. If you’re looking for an account that will give all the features you need to be trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly offers a number of other services they offer. One of those is its online store, where customers can pick from a range of video products designed to inform and provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be purchased immediately for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other things trading-related, clips and footage of the Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are also part of Profit.ly’s variety of features and services. You may be familiar with the chat room since you will see it on social and messaging platforms in addition to a few special websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a real-time area where experts and members can interact and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members. One might be a laid-back person who is not very often active, while another might be more online and communicative to their pupils. Consider chat rooms as Profit.ly’s version of the forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array 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 everyone.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus and their members. They’ll also be able to select from the products on its store online for them to take wherever they go. You can also get hands-on experiences by trading through the platform, however, they will soon learn that trading is a high stakes game that shouldn’t be taken as an amusing pastime.
For traders who have many years of experience down the line, we believe Profit.ly as equally as suitable to those who are just starting. While the newbies may not be as adept at dealing with trading issues, the pros already understand how it works and the plethora of risks that it carries. Ideally, they may make use of Profit.ly’s array of options to their maximum advantage to develop their trading abilities. Like beginners, they can study from the gurus and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the fun! Trade professionals who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to navigate them through the ever-changing trading process. Steven Dux Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You will receive excellent training and insights from its in-house gurus, including libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- In addition to its primary capabilities, 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 variety of packages and subscription levels are priced at affordable rates There’s something for everyone
- Profit.ly’s numerous packages and products offered may be too much for the majority of its users
- If traders decide to open any kind of trade, there’s the possibility that some of them will profit by picking the most profitable trades to increase the rating this could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds as the premium customers will immediately take advantage of the numerous services that the platform can provide
The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could come up with the answer, it would be yes. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally intended to be created to achieve this goal. Instead, you should have an open mind. Steven Dux Profitly
What we are referring to by ‘yes’ is that it can be a great learning tool. Those who may be stuck could be able to find Profit.ly’s variety of resources useful in their efforts to incur lesser loss and perform better than they did before. It’s not just the poor traders that can benefit from this platform. It can accommodate beginners and even experts!
If you really desire to be better at trading and wish to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Steven Dux Profitly
How do you use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries in the My Trade section of the dashboard that lets you record your trades, verifiable or otherwise. There are three options:
- Linking your account with your broker of choice and import the trades from that directly
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your trades
How can I tell whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is evident by the blue check mark. If you upload the information manually or via screenshots, it will automatically be assigned as unverified.
The drawback of posting an unverified trade is the risk of receiving downvotes from fellow peers. A large number of downvotes could cause you to be listed in the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are trying to maximize profits but also to help one another grow and learn more about acquiring stock market opportunities both right and left.