Stock trading can be an extremely risky game. On certain days, you may enjoy the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen, and it may sometimes be extremely difficult to return to where you were your best. If you’re immersed in the water, you will have be aware that relying solely on instinct and survival might not be enough.
If you’ve experienced losses from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the world, which is why we’ve discovered an online platform that will help you in your improvement in the industry. This review will be taking a look at Profit.ly A well-respected 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 Connor Profitly
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informed, transparent, accountable, and to build relationships with each other through its broad variety of tools and features such as chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for traders who are just beginning their journey and as a hub for experienced traders to track their performance through the use of cutting-edge analytics tools. It provides users with a vast range of resources for trade and communication that help traders from every field of business connect with each other. It gives the gurus worthy investments within the boundaries that the site. Consider it the social media equivalent the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are valid and won’t allow for fraud as much as is humanly possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes declared that Profit.ly was based “on the transparency of every trade, something that was never prior to.” This idea Sykes said served two purposes: 1) keeping track of public data for everyone, not just the experts and newsletter writers and students as well as) giving anyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Connor Profitly
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of features and services aimed toward achievement. You may set up an account there 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 interested in investing your money and see what stocks the experts are trading in real-time, you will need to join one of Profit.ly’s offers that we’ll go over shortly.
The process of opening an account is easy: create an account that includes your personal information and expertise, connect your brokerage account, and you’ll be given the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users a glimpse of their performance as a trading group and its experts. It’s not just a way to show your worth to a community of traders, but you are also able to use Profit.ly to purchase from a guru with the confidence that you are confident with their expertise and the legitimacy of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, then you could opt to post your trades, whether verified or otherwise, through pictures. Also included in Profit.ly are the vast number of trading courses and the capability to see stats in a trader’s profile as well as other ways to connect with your gurus through the chatroom as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock which trades at just less than 5 cents per share. The penny stock market could be viewed as a stepping stone for small businesses to transition to a market that is larger as they can access money from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal thanks to his years of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made an estimated $6 million profits during his long and successful career as trading professional. At the age of 25 Sykes was given greater exposure and an even wider reach of influence when he was a part of the reality show “Wall Street Warriors.” Then, he made use of the show to create trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also played a role in establishing Profit.ly as a place 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 variety of learning resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have proven to make significant amounts of profit from their collective years of expertise. Connor Profitly
At its peak, Profit.ly had housed up to five gurus, all of them a professional within their particular field in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of 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. With that taken into consideration Let’s look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you will observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS and 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. It costs $149.95 per month, this is the perfect plan for those who are more invested in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in prior plans, which includes alerts for swing trading and access to an extensive library of more than 7,000 instructional videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Connor Profitly
The Superman Alerts plan is an package of vital features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket and the mobile app, the daily market commentary shown in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base of information provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. On top of that you’ll also gain the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership tiers, each designed for traders with 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 entry-level plan designed especially for those who are just beginning their journey to the trading world. When you sign to this plan you’ll be given a slew of robust and vital trading tools, each of which is essential to keep your fingers on what we could call a ruthless process in and of itself.
The list of features you can do using Profit.ly’s Novice package is the capability to check the results of your trades and track profit; leading, following and even texting your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze the results of your analysis, sort, as well as filter trades and, finally, see other’s stats.
The Novice plan is $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. You aren’t able to create a personal account, making your personal information public. If you’re interested in have the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets users to benefit from many of the features of the novice plan. In this plan, that you can create an account that is private to share with other associate users all your knowledge and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to improve their expertise in trading. As nice as it seems, there is one significant element that’s missing. As opposed to the prior Novice package, this one won’t be able to see the statistics of other traders this could be a problem for those eager to try this new tier. Connor Profitly
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 monthly, with a 22% discount for billing annually the Pro plan has it all. You get full, no-holds-barred access to all options of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the opportunity to create your own private profile. These two features are on top of all the benefits that you can use to their fullest capacity. If you’re in search of an account that will give all the features you need to be trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly offers a number of additional services that it can provide. One of those is its online store, which lets users pick from a range of videos designed to inform and guide you through the ins and outs of trading. Each of the offerings listed on this page of the website is available to be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and other aspects of trading. There are also clips and scenes taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s range of services and features. You’re probably familiar with the chat room since you can find it throughout social and messaging platforms and also on a few specialty websites that offer live chat support. But in Profit.ly, it is seen as a real-time area where experts and members can interact and exchange knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members there. One might be laid back and less engaged, while another could be more online and communicative in their interactions with students. Think of chat rooms as Profit.ly’s version of a forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse 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 has to offer, the platform surely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. They will also be provided with videos every week and chat room advice by its internal gurus and members. Additionally, they can choose from the items in its online store to carry with them wherever they may be. They can also gain hands-on experience trading on the platform, but ultimately, they will soon learn that this is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had many years of experience down the road, we consider Profit.ly equally suited to those who are just starting. While novice traders may not be as proficient in managing trading but the experts already know the way it functions and the plethora of risks that it carries. It is ideal to utilize Profit.ly’s range of options to their maximum advantage to improve their skills in trading. Like novices, they can learn from the experts and experts and utilize those 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. Verified experts can also join in the excitement! People in the trade industry who are at the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to help navigate them through the ever-changing trading process. Connor Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders across the globe with a wealth of education communications, trading, and communication tools
- You get to be provided with excellent lessons and advice from the company’s internal experts, which include libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and dependable 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 photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There’s something for everyone
- Profit.ly’s numerous products and packages offered might seem overwhelming for most of its customers
- As traders may opt to make any type 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 problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds as the premium customers are expected to instantly benefit from the many features the platform is able to offer
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it would be yes. However, you must realize that the platform should not be used as a get-rich-quick scheme. It wasn’t meant to be designed for this reason. Instead, you need to have curiosity. Connor Profitly
What we mean”yes” is it can be a great learning tool. For those who are struggling, they might be able to find Profit.ly’s array of resources to be helpful when they try their best to avoid losses and be more successful than they did before. It’s not only the poor traders that can benefit from the platform. It can accommodate beginners and even experts!
If you truly care about being better at trading and wish to learn from your peers and experts throughout the process, then look no further – Profit.ly could be a good alternative to start.
FAQ Connor Profitly
How can you make use of Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the My Trade category on the dashboard which lets you record your trades that are verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Take a photo 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’s 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 classified as unverified.
The drawback of posting an unauthentic trade is the risk of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are looking to earn maximum profits but also assist each other to grow and learn more about acquiring stock market opportunities both right and left.