Stock trading is an exciting game with high stakes. Some days, you could have the benefit of positive and satisfying numbers. On other days, however you may experience the opposite, and it may sometimes be very difficult to return to the point you were at your peak. If you find yourself constantly stuck in the gutter it is important to recognize that relying on instinct and survival might not be enough.
If you’ve been incurring occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the world, which is why we’ve found an online platform that will help you to improve your performance in the market. We’ll 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 J Laverack Review
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of various levels to be informed and accountable, as well as transparent and to build relationships with one another through its wide array of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for those who are starting out as well as a place for experienced traders to track their performance using the aid of advanced analytics tools. Providing users with a wide variety of tools for trade and communication and letting traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries of the platform. Consider it the social media equivalent the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the trades are authentic and won’t accept fake news as long as it is possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been done before.” The concept was, he said, serving two purposes: 1) making public records for all traders, not just the gurus as well as newsletter authors and students and secondly) allowing everyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. J Laverack Review
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of features and services aimed at achieving achievement. You can create an account for free, but you’re limited to the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s deals that we’ll go over shortly.
The process of opening an account is simple: Create an account that includes your personal information and knowledge, then connect your brokerage account, and you’ll have a chance to shoot your way to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a look at the performance of the trading community as well as its experts. It’s not only a chance to demonstrate that you’re worthy to the large group of traders. You can also utilize Profit.ly to shop with a professional with the assurance that you’re confident in their skills and the credibility of their claims.
If you are unsure about the idea of sharing information about your account with a brokerage, you may decide to share your trades, verified or otherwise, through pictures. In Profit.ly are the vast number of trading classes as well as the ability to look at statistics on a person’s profile, and more ways to communicate with your gurus via chatrooms as well as 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 has been famously known for delving his hands into trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. Penny stock trading can be seen as an avenue for small-scale businesses to make the transition to a large marketplace as it gives them access to capital from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell because of his decades of experience.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, earned an estimated $6 million profit through his lengthy career as trading professional. At the age of 25 Sykes was given greater exposure and a larger reach of influence as a participant in the reality series “Wall Street Warriors.” He then took advantage of it to establish trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about trading. He also played a role in establishing 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 education resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have made substantial profits through their years of expertise. J Laverack Review
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on the 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 Let’s look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll see him focus on the fundamental stock catalysts and use them to forecast the next possible moves in making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS and Android devices, text, e-mail, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. At $149.95 for a month this is an ideal plan for those who are invested in the penny-stock market. Pennystocking Silver includes all the basic features of earlier plans which includes alerts for swing trading and access to an extensive library of over 7,000 educational videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading 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 profits. J Laverack Review
The Superman Alerts plan is his offer of the most essential features and trading alerts geared to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist along with the mobile application, daily market commentary in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. In addition, you’ll also get access to premium research reports as well as the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to help you going. The platform has three membership levels that are designed to accommodate traders at different levels. Let’s break down what these three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. When you sign to this plan you’ll be given a slew of robust and essential trading tools, all one of them essential in keeping your fingers on what can describe as a cutthroat process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging other traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study your trades, sort as well as filter trades; and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive simply because of 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, stay tuned as we introduce to you Profit.ly’s new plan.
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 a private profile to share with fellow associates all your insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to improve their skills in trading. As nice as it seems however, there’s a crucial feature that is missing. As opposed to the prior Novice package, you won’t be able to see other traders’ stats this could be a disadvantage for some who may be looking forward to this tier. J Laverack Review
Pro Plan
This is by far the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 monthly, with a 22% discount for annual billing, this tier has it all. You get full, no-holds-barred access to all the options of the previous plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the opportunity to create your own private profile. These two features are in addition to the advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give all the features you need to be an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly has a few other services they provide. One of them is the online store, which lets users pick from a range of instructional videos that are designed to inform and provide guidance on the ins and outs of trading. The products listed in this section of the website can be immediately purchased for personal use. These include best-selling products such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny 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 may be 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 support. But in Profit.ly it’s seen as a real-time space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members. Some may be laid back and not very often active, while another may be more interactive and online to their pupils. Think of chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock trader types, from novices to experienced professionals. Considering the number of offers it can provide, the platform surely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s library of learning information available on the platform. They will also be provided with videos every week and chat room tips by its internal gurus as well as their members. They’ll also be able to select from the products from its online store for them to take wherever they be. You can also get hands-on experience trading on the platform, however, they will soon learn that the process is a high-stakes game that should not be viewed as a joke.
For those traders who have had years of exposure down the line, we believe Profit.ly equally suited for them as it is for the newcomers. While novice traders may not be as adept at handling trading matters however, experienced traders know how it works along with the risky mix associated with it. It is ideal to use Profit.ly’s range of features to their best advantage to enhance their trading skills. As beginners, they are able to study from the gurus as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Verified experts can also join in the excitement! Those in the trading industry who are on similar levels to Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to navigate them through the ever-changing trading process. J Laverack Review
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You’ll be provided with excellent lessons and insights from its inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices – there truly is something for every person
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for a lot of its users
- As traders may opt to post any kind of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to improve their ratings This could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds because its premium users are expected to instantly benefit from the number of features the platform is able to offer
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The Final Verdict is: Is Profit.ly Valued?
If we could come up with the answer, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always meant to be designed in this way. Instead, you should have curiosity. J Laverack Review
What we mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck may be able to find Profit.ly’s array of resources useful as they do their best to incur lesser losses and perform better than they did before. It’s not just the poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
If you really want to become a better trader and want to be taught by 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 J Laverack Review
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries within the “My Trade section of the dashboard that lets you post your trades, either verified or not. You may choose between three choices:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there is an excellent probability that it’s verifiable. This is indicated with the small blue check. If you upload it manually or through images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of getting downvotes from your friends and colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just trying to maximize profits but also assist each other to learn and improve in acquiring opportunities in the stock market left and right.
