The stock market can be a high-stakes game. On some days, you may enjoy the benefits of positive and satisfying numbers. On other days it could be the reverse and it could be extremely difficult to return to where you were at your most productive. If you find yourself always in the mud it is important to realize that relying on instinct and survival might not be enough.
If you’ve suffered occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe. That’s why we’ve discovered an online platform that will help you in your growth in the industry. In this review, we’ll take the time to look at Profit.ly, a well-recognized 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 Forex Profitly
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other through its broad variety of tools and features like trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site which serves 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 using the aid of sophisticated analytics tools. Offering users a broad array of options to facilitate trade and communication and letting traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines of this platform. Imagine it as a social media site akin like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes publication, Sykes said that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been previously done.” The idea Sykes said served two objectives: one) creating public track records for all traders, not just the gurus and newsletter writers and students as well as) allowing all users to learn from the losses and wins to benefit the industry of trading. Forex Profitly
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders have access to a range of features and services aimed toward success. You may set up an account there at no cost, however you’re limited to the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offers that we’ll review in the coming days.
Setting up an account is simple: Create an account with your experience and expertise, connect to your brokerage account and you’ll be given a chance to shoot through at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a glimpse of their performance as a trading group as well as its gurus. It’s not only a chance to prove that you’re worthy to the group of traders, as you can also use Profit.ly to buy with a guru, and have the confidence that you are confident of their knowledge and the veracity of their claims.
If you’re not comfortable with the concept of leaking your brokerage account, you can opt to post your trades, whether verified or otherwise, through screenshots. In Profit.ly are a variety of trading courses and the capability to see the stats of a trader’s account as well as other ways to connect with your gurus through the chatroom as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for delving his hands into trades in penny stocks. According to Investopedia, a 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 opportunity for small-scale businesses to make the transition to a large marketplace as it gives them access to money from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell through his many years of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as a trader. At the age of 25 Tim Sykes had received greater exposure and a larger influence over time as a participant in the reality series “Wall Street Warriors.” He then took advantage of it to develop trading rooms as well as penny stock themes and educational content geared toward those who are new to trading. He also played a role in establishing Profit.ly as a place of openness, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the experts in trading who have proven to make substantial amounts of money from their combined years of expertise. Forex Profitly
At its height, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the field of trading. Some of the most famous gurus included 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: 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 packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you’ll be able to see him focus on the fundamental stock catalysts and use them to forecast the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS as well as Android devices, as well as email, text 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 program. It costs $149.95 for a month it is the perfect plan for those who are more involved in the penny-stock market. Pennystocking Silver includes all the basic features that were included in prior plans, which includes swing trading alerts as well as unlimited access to a rich 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 goes under the name “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Forex Profitly
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared to those interested. For $147 per month, you’ll gain access daily premarket stock watchlist along with the mobile app, the daily market commentary shown in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base that is provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. In addition, you’ll also get an access to high-quality research papers as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and leave a mark in the market, Profit.ly has the right amount of tools to get you up and running. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. As you sign up for this plan, you will be immediately provided with a variety of powerful and vital trading tools, all of them integral in keeping your hands on what we could call a ruthless process by itself.
The list of features you can do 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 on leaderboards; analyze the results of your analysis, sort, and filter your trades; and lastly, look at other’s stats.
The Novice plan costs $29.95 per month. Although it looks attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, thus making your personal information public. If you’re interested in get access to this feature, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package allows users to benefit from the majority of features available in The Novice package. In this plan, that you are able to create an account that is private for sharing with fellow associates all your insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to develop their trading skills. As nice as it seems, there is one significant feature that is missing. Unlike the previous Novice package, you won’t be able view other traders’ stats this could be a problem for those who are looking forward to this tier. Forex Profitly
The Professional plan can be described as the highest expensive plan Profit.ly can offer to experienced traders. With $74.95 per month, which includes 22% off when billed annually This plan offers everything. You will have full, unrestricted access to all the features from the two prior plans.
You’re not only able to look at other people’s statistics, but you’re also given the option of creating a private profile. These two features are on top of all the benefits that you can use to the maximum extent. If you’re looking for an option that gives you everything you need as trader with experience, the Pro tier could be 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 these is its online store, which allows users to choose from a wide array of instructional videos that are created to provide guidance on the nuances and pitfalls of trading. The products listed on this page of the site can be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other related to trading, videos and clips from The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s array of services and features. You are probably familiar with the concept of the chat room as you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat assistance. But in Profit.ly, it is seen as a place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members there. Some may be more laid back and not very often active, while another might be more online and communicative to their pupils. Think of chatrooms as Profit.ly’s version of the forum in its 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 novices to the most experienced. With the variety of deals it has to offer this platform definitely has something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based materials available across the platform. They will also be enriched with weekly videos and chat room advice from the in-house experts and their members. Additionally, they can select from the products from its online store for them to take wherever they be. You can also get hands-on experiences by trading through the platform, but eventually they’ll be able to realize that this is a risky game that should not be viewed as an opportunity to make fun of.
For traders who have decades of experience in the line, we see Profit.ly as equally as suitable to them as those who are just starting. Although the novices might not be as well-equipped with dealing with trading issues however, experienced traders know how it works and the risky mix associated with it. It is ideal to utilize Profit.ly’s array of features to their full advantage to develop their skills in trading. As beginners, they are able to learn from the top experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the excitement! Trade professionals who are at the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others in order to guide them through the ever-illustrious trading process. Forex 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 an abundance of knowledge, communication, and trading tools
- You get to receive excellent training and insights from its internal experts, which include libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders who are ready 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 authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through images
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There’s something for everyone
- Profit.ly’s bountiful stream of packages and services offered could be too much for most of its users
- Since traders can choose to make any type of trade, there is an opportunity that some them will profit by picking the most profitable trades to boost their rating This could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds because the premium customers are expected to immediately take advantage of the numerous features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of the answer, it’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t designed to be used in this way. Instead, you should have an open mind. Forex Profitly
What we do mean”yes” is that it is a fantastic learning tool. For those who are struggling, they might be able to find Profit.ly’s array of resources helpful as they do their best to avoid losses and perform better than they did before. It’s not just the poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
If you really care about being a better trader and want to learn from your peers and experts on the way, take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Forex Profitly
How do you use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades within the My Trade section of the dashboard which lets you post your trades, either verified or not. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your transactions
How do I know whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is evident by the small blue check. If you submit it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the risk of getting downvotes from your colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market left and right.