The stock market can be an exciting game with high stakes. Some days, you could enjoy the benefits of positive and satisfactory numbers. However, on other days it could be the reverse, and it may sometimes be very difficult to return to the point you were at your most productive. If you find yourself constantly stuck in the gutter it is important to recognize that relying on your instincts and preserving is not always enough.
If you’ve suffered losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require 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 to improve your performance within the field. This review will take 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.
Total Rating: 4.1/5 Dan Irish Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informed responsible, transparent, and encouraging each other through its broad variety of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for those who are starting out as well as a place for experienced traders to track their performance through the use of advanced analytics tools. It provides users with a vast array of options to facilitate trade and communication and letting traders from every field of business connect with each other. It offers gurus with worthy investments within the boundaries that the site. Consider it an online social media platform similar to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was established many years ago by penny expert in stock trading 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 driven by its focus “on showing all trades, something that has never been previously done.” The idea Sykes said served two purposes: 1) making public records for everyone, not just the experts, but also the newsletter authors and students, and 2) making it possible for anyone on the platform to learn from both losses and wins to benefit the industry of trading. Dan Irish Profitly
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of tools and services that are geared towards achieving the success of their business. You may set up an account there at no cost, however you’re only limited to having access to the leaderboard and follow the actions of non-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 offerings, which we will review in the coming days.
Making an account simple: Create an account that includes your personal information 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 we’ve mentioned earlier, 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 that you’re worthy to the large group of traders, as you are also able to use Profit.ly to shop from a guru with the assurance that you’re confident with their expertise and the legitimacy 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, either verified or not, via pictures. In Profit.ly are the vast number of trading courses, the ability to view statistics on a person’s profile and other methods to communicate with your gurus via chatrooms 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 guru who is well-known for his involvement in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock that trades for less than $5 per share. Penny stock trading could be viewed as a stepping stone for small-scale businesses to make the transition into a larger market because they can access money from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes can surely tell through his many years of experience.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as a trader. When he was 25 years old, he had been given more exposure and a wider impact when he became part of the reality series “Wall Street Warriors.” He used the opportunity to create trading rooms and penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped establish Profit.ly as a place for transparency and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the trading experts who have proven to make substantial profits through their years of knowledge. Dan Irish Profitly
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing 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. In light of that we’ll take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS and Android devices; texts, emails and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. It costs $149.95 per month, it is the perfect plan for investors who are committed to penny stock trading. Pennystocking Silver offers all the essential features of earlier plans which includes swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released every 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 massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Dan Irish Profitly
The Superman Alerts plan is an offering of essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist and the mobile app, the daily market commentary shown in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base of information provided by Superman himself through the Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. On top of that you’ll also have access to premium research reports and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave your mark on the field, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership levels that are designed to accommodate traders of different levels. Let’s take a look at what these three tiers are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. As you sign up for this plan, you will be immediately offered a range of strong and vital trading tools, all of which is essential to keep your hands on what we call a competitive process by itself.
Some of the features you can do with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit and follow-up, leading and even texting your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards; analyze, sort, as well as filter trades and, finally, see other people’s statistics.
The Novice plan is $29.95 per month. Although it might look appealing simply because of the price, there is a downside. You can’t create a private account, making your activities publicly available. If you do want to have access to this feature, be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows you to use a majority of features from The Novice package. In this plan, that you are able to create a private profile to share with fellow associate users all your knowledge and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to develop their trading skills. Although it’s a nice thing but there’s one important element that’s missing. Unlike the previous Novice package, you will not be able view the statistics of other traders this could be a disadvantage for some who may be eager to try this new tier. Dan Irish Profitly
Pro Plan
This is by far the most luxurious package Profit.ly can offer to experienced traders. At $74.95 each month with a 22% discount when billed annually This plan offers it all. You will have full, unrestricted access to all features of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the chance to create a private profile. Both of these options, on top of all the advantages that you can utilize to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly has a few additional services that it can provide. One of these is its online store, which lets users choose from a wide array of videos that are designed to educate and guide you through the ins and outs of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. These include best-selling products like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage of the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of features and services. You may be familiar with the chat room since you can find it throughout social and messaging platforms in addition to a few special websites that provide live chat assistance. But in Profit.ly, it is seen as a area where experts and member traders can communicate and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members. Some may be a laid-back person who is not very often active, while another may be more online and communicative with their students. Think of the chat rooms as Profit.ly’s version of the forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, from beginners to experienced pros. Given the wide range of options it can provide it is certain to have something for every person.
Newbies, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. Not only will they be provided with videos every week and chat room advice from the in-house experts and members. Additionally, they can select from the products from its online store to carry with them wherever they be. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll be able to realize that the process is a risky game that shouldn’t be treated as an opportunity to make fun of.
For the traders with years of exposure down the line, we believe Profit.ly equally suited to people who are just beginning. Although the novices might not be as proficient in managing trading, the pros already understand how it works along with the plethora of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s variety of features to their full advantage to develop their skills in trading. As beginners, they are able to study from the gurus and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others in order to assist them in the ever-changing trading process. Dan Irish Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You will be provided with excellent lessons and advice from the company’s in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost – there truly is something for every person
The Cons
- 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 a possibility that some of them will profit by picking the most profitable trades to boost their rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept 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 Verdict: Is Profit.ly Valued?
If we could come up with the answer, it would be an affirmative “yes”. However, you must realize that the platform should not be used as a scheme to get rich quick. It wasn’t intended to be created in this way. Instead, it is best to keep the ability to think with an open heart. Dan Irish Profitly
What we do mean”yes” is that it is a fantastic learning tool. For those who are struggling, they may find Profit.ly’s array of resources to be helpful in their efforts to avoid loss and perform better than they did before. It’s not only the struggling traders who will benefit from this platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be better at trading and wish to be taught by your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Dan Irish Profitly
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades under the “My Trade’ category of the dashboard that lets you record your trades, verifiable or not. You may choose between three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your trades
How can I tell whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is evident by the small blue check. If you upload it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the possibility of receiving downvotes from fellow peers. A large number of downvotes could cause you to be listed on the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are connected to 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 help each other grow and learn more about acquiring opportunities in the stock market left and right.
