Stock trading can be an exciting game with high stakes. On certain days, you could have the benefit of positive and satisfying numbers. However, on other days you may experience the opposite and it can be extremely difficult to get back to where you were at your peak. If you’re always in the mud it is important be aware that relying solely on instinct and survival may not always be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your trading partners from all over the world, which is why we’ve identified an online platform that will help you in your improvement within the field. This review will be taking an in-depth 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.
Overall Rating: 4.1/5 Triforce Trader Profitly
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be knowledgeable responsible, transparent, and encouraging one another through its wide array of tools and features such as chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for those who are starting out as well as a place for experienced traders to track their performance with the help of advanced analytics tools. It provides users with a vast range of resources for trade and communication and letting traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries of this platform. Consider it a social media site akin the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the transactions are legitimate and will not allow for fraud as much as possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes stated that Profit.ly was based “on showing every trade, something that has never been prior to.” The concept was, he said, serving two objectives: one) making public records for all traders, not just the gurus, but also the students and newsletter writers, and 2) allowing everyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Triforce Trader Profitly
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of tools and services that are geared at achieving the success of their business. You can create an account there for free, but you’re only limited to having access to the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s offers that we’ll review in the coming days.
Setting up an account is easy: create an account with your experience and knowledge, then connect your brokerage account, and you have yourself the chance to climb your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a glimpse of the performance of the trading community and its gurus. It’s not just a way to prove your worth to a community of traders, but you can also use Profit.ly to purchase with a professional with the assurance that you’re confident with their expertise and the credibility of their claims.
If you are unsure about the idea of sharing your brokerage account, you may opt to post your trades, whether verified or not, by taking screenshots. Included in Profit.ly are the vast number of trading courses, the ability to view the stats of a trader’s account as well as other ways to communicate with your gurus via chatrooms in addition to notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for delving his hands into the penny-stock market. According to Investopedia, a penny stock is a small business’s stock that trades for just less than 5 cents per share. The trading of penny stocks is an opportunity for small companies to move into a larger market because it allows them to access capital from the general public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes will be able to tell you because of his decades of experience.
Beginning in his late years in high school, Tim Sykes has, since then, earned an estimated $6 million profits through his lengthy career as trading professional. At 25 years old Sykes was given greater exposure and a larger reach of influence as a participant in the reality TV show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place for transparency, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational sources, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to the trading experts who have earned significant amounts of profit from their collective years of experience. Triforce Trader Profitly
At its height, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to forecast the next moves that could occur when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS as well as Android devices, text, e-mail, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. At $149.95 per month, it is an ideal plan for those who are involved in penny stock trading. Pennystocking Silver offers all the essential features found in the previous plan, which includes swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Triforce Trader Profitly
The Superman Alerts plan is an package of vital features and trading alerts targeted 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 app, the daily market commentary in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and 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 package, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. Additionally you’ll also have the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to help you started. The platform has three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. When you sign up for this plan you’ll be offered a range of strong and indispensable trading tools, each one of them essential in keeping your fingers on what we could call a ruthless process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to confirm trades and track profits; leading, following and even chatting with your fellow traders; and providing feedback on trades today. 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 simply because of the price 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 have an account with this option, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to use a majority of features from the Novice plan. This plan allows that you can set up an account that is private for sharing with fellow associates all your insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to improve their trading skills. Although it’s a nice thing, there is one significant feature that is missing. As opposed to the prior Novice package, you won’t be able view the statistics of other traders, which could be a problem for those anticipating this level. Triforce Trader Profitly
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. With $74.95 each month with 22% off for billing annually the Pro plan has everything. It gives you full, unlimited access to all the features of the previous plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the opportunity to create your own private profile. Both of these features, plus the other advantages you’ll be able to use 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 tier could be ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly provides a variety of additional services that it can provide. One of those is its online store, which lets users select from a variety of video products designed to inform and guide you through the nuances and pitfalls of trading. All of the products featured on this page of the site can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other aspects of trading. There are also clips and scenes from 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 array of features and services. You may be familiar with the chat room as you will see it on social and messaging platforms and also on a few specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a hands-on place where gurus and their members can interact and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members there. Some may be laid back and not very often engaged, while another could be more online and communicative in their interactions with students. Think of chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, ranging from novices to experienced professionals. Considering the number of offers it has to offer, the platform surely has something for every person.
For instance, newbies will enjoy Profit.ly’s collection of educational content offered throughout the platform. Not only will they be enriched with weekly videos and chat room tips by its internal gurus as well as their members. Additionally, they can pick from the merchandise available from its online store to carry with them wherever they may travel. You can also get hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that trading is a high stakes game that should not be viewed as an opportunity to make fun of.
For traders who have decades of experience in the line, we believe Profit.ly as equally as suitable to them as the newcomers. While novice traders may not be as well-equipped with managing trading, the pros already understand how it works and the stack full of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s range of features to their best advantage to develop their trading skills. Like novices, they can learn from the top experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the excitement! People in the trade industry who are on the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to assist them in the ever-changing trading process. Triforce Trader Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education, communication, and trading tools
- You’ll be taught by experts and advice from the company’s in-house gurus, including libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices – there truly is something for every person
- Profit.ly’s abundance of packages and products offered may be too much for most of its users
- If traders decide to open any kind of trade, there’s an opportunity that some them could profit from picking the most profitable trades to increase the rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as its premium users will immediately benefit from the number of services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it would be an affirmative “yes”. However, you must realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t designed to be used to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Triforce Trader Profitly
What we are referring to”yes” is that it is a fantastic learning tool. Those who may be stuck may discover Profit.ly’s range of resources helpful in their efforts to avoid losses and perform better than they did before. It’s not only the struggling traders that will benefit from this 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 on the way, you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Triforce Trader Profitly
How can you make use of Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries within the ‘My Trade’ category of the dashboard which allows you to post your trades, either verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there is a high chance that it is verifiable. This is indicated with the small blue check. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just seeking to make the most profit but also assist each other to grow and learn more about acquiring stock market opportunities both right and left.