The stock market can be an exciting game with high stakes. On some days, you may enjoy the benefits of positive and satisfactory numbers. However, on other days it could be the reverse, and it may sometimes be extremely difficult to get back to where you were at your best. If you find yourself constantly stuck in the gutter You will need to recognize that relying on instinct and survival might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from trading partners from all over the globe. That’s why we’ve identified an option that can help you in your improvement within the field. In this review, we’ll take an in-depth look at Profit.ly is a well-known 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 Is Profitly Free
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 different levels to be knowledgeable, transparent, accountable, and encouraging each other through its broad variety of tools and features such as trade verification, chat rooms, and an enriched 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 those who are just beginning their journey and as a hub for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Providing users with a wide array of options for communication and trade, it helps traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Consider it a social media site akin the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the transactions are legitimate and will not allow for fraud as much as possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes publication, Sykes said that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been previously done.” The idea Sykes said served two objectives: one) making public records for all traders, not just the gurus and students and newsletter writers and secondly) giving all users to learn from both the wins and losses to the benefit of the trading industry. Is Profitly Free
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of features and services aimed at achieving the success of their business. You may set up an account at no cost, however you’re only given access to the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and skills, join to your brokerage account, and you’ll be given a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a glimpse of how the community of traders performs as well as its gurus. It’s not just a way to prove your worth to a community of traders, as you are also able to use Profit.ly to buy from a guru with the assurance that you’re confident of their knowledge and the credibility of their claims.
If you feel uneasy with the idea of divulging the details of your broker account you can decide to share your trades, whether verified or not, by taking screenshots. In Profit.ly are a variety of trading courses as well as the ability to look at the stats of a trader’s account and other methods to communicate with your gurus via chatrooms along with email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. The trading of penny stocks is an avenue for small-scale businesses to make the transition into a larger market because they can access funds from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, made over $6 million of earnings throughout his illustrious career as a trader. At 25 years old, he had been given greater exposure and an even wider reach of influence as a participant in the reality show “Wall Street Warriors.” Then, he made use of the show to create trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place for openness, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning resources, trade alerts, as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have made substantial amounts of money from their combined years of expertise. Is Profitly Free
At its height, 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 famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on the platform: the founder and 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 offers.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll see him focus on the basic stock catalysts and employ them to anticipate 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 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 highest-quality, upgraded version of the Tim’s Alerts program. It costs $149.95 for a month it is the perfect plan for those who are more committed to penny stock trading. Pennystocking Silver comes with all the standard features of earlier plans including swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading profits. Is Profitly Free
The Superman Alerts plan is an offer of the most essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket along with the mobile app, daily market updates in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base of information provided by Superman himself via the Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. On top of that you’ll also have the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. As you sign to this plan, you will be immediately provided with a variety of powerful and vital trading tools, each of them integral in keeping your fingers on what we can describe as a cutthroat process in and of itself.
Among the list of things you can do using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards; analyze the results of your analysis, sort, and filter your trades and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your activities publicly available. If you do want to have access to this feature, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use a majority of features from The Novice package. In this plan, that you are able to create an individual profile that allows you to share with other 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 caters for those looking to develop their expertise in trading. Although it’s a nice thing but there’s one important aspect that’s not included. Unlike the previous Novice package, you will not be able to see the statistics of other traders, which could be a disadvantage for those looking forward to this tier. Is Profitly Free
Pro Plan
This is by far the most premium package that Profit.ly could offer for seasoned traders. At $74.95 monthly, with an additional 22% discount for billing annually This plan offers everything. You get full, no-holds-barred access to all the options of the prior plans.
Not only do you get to view other people’s stats, but you’re also given the opportunity to create a private profile. These two features are on top of all the advantages that you can utilize to the maximum extent. If you’re in search of an option that gives you everything you need as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly has a few additional services that it can offer. One of those is its online store, where customers can pick from a range of videos designed to inform and help you understand the ins and outs of trading. All of the products featured in this section of the website can be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all related to trading, videos and clips from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s range of features and services. You’re probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms and also on a few specialty websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a hands-on space where experts and their member traders can communicate and learn in real time. Every guru has their own way in running their chat rooms and in dealing with the members. One might be a laid-back person who is less active, while another might be more active and in touch with their students. Consider chatrooms as Profit.ly’s version of the forum in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock trader types, from novices to experienced professionals. Given the wide range of options it can provide it is certain to have something for everyone.
For instance, newbies will enjoy Profit.ly’s knowledge-based information available on the platform. In addition, they will get daily videos and chat room advice from its in-house gurus as well as their members. They’ll also be able choose from the items from its online store that they can take with them wherever they go. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll realize that this is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had decades of experience in the road, we consider Profit.ly as equally as suitable for them as it is for the newcomers. Although the novices might not be as proficient in managing trading however, experienced traders know how it works along with the risky mix that it carries. It is ideal to use 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 and experts , and use those quick tips and tidbits throughout the process.
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 an equal level with Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to help navigate them through the ever-changing trading process. Is Profitly Free
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You will receive excellent training and insights from its inside experts, as well as libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There is truly something for every person
The Cons
- Profit.ly’s bountiful stream of packages and products offered may be too much for most of its users
- Since traders can choose to make any type of trade, there’s an opportunity that some them may take advantage by picking the most profitable trades to improve their ratings This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as its premium users are expected to instantly benefit from the many services the platform has to offer
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The Final Verdict is: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it would be an affirmative “yes”. But it is important to 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 an open mind. Is Profitly Free
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck may be able to find Profit.ly’s array of resources to be helpful when they try their best to incur lesser losses and be more successful than 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 desire to be a better trader and want to learn from your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Is Profitly Free
How do you use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries in the “My Trade’ category of the dashboard which lets you record your trades that are verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there’s the chance that it is verifiable. This is shown by the blue check mark. If you post it manually or through screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the chance of getting downvotes from your fellow peers. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market both right and left.