Stock trading can be an exciting game with high stakes. On some days, you might be reaping the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite and it can be very difficult to return to where you were at your best. If you are immersed in the water, you will have to realize that relying on your instincts and preserving may not always be enough.
If you’ve suffered loss from time to time You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the world, which is why we’ve identified an online platform that will help you to improve your performance within the field. In this review, 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Jack Kellogg Profitly Chart
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informed and accountable, as well as 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 material.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for people new to trading and as a hub for traders who are experienced to monitor their performance with the help of advanced analytics tools. It provides users with a vast range of resources to facilitate trade and communication, it helps traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines of this platform. Consider it the social media equivalent the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it makes sure that transactions are legitimate and will not allow for fraud as much as possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on showing every trade, something that was never previously done.” The concept Sykes said served two purposes: 1) creating public track records for everyone, not just the experts, but also the students and newsletter writers as well as) giving anyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Jack Kellogg Profitly Chart
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of features and services aimed at achieving success. You can create an account there for free, but you’re only given access to the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time You’ll need to subscribe to any of Profit.ly’s deals, which we will review in the coming days.
The process of opening an account is simple: Create an account with your experience and expertise, connect to your brokerage account, and you’ll have a chance to shoot through the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned 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 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 with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you can choose to publish your trades, verified or not, via screenshots. Included in Profit.ly are a variety of courses in trading and the capability to see statistics on a person’s profile as well as other ways to communicate with your gurus in the chatroom, along with text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his involvement in penny stock trading. According to Investopedia, a penny stock refers to a small company’s stock which trades at under $5 for each share. The penny stock market is an opportunity for small companies to move to a large marketplace as it gives them access to money from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell because of his decades of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million profit throughout his illustrious career as trading professional. At the age of 25, he had been given greater exposure and an even wider impact as a participant in the reality show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms and 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 platform for 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 learning sources, trade alerts and other helpful stuff provided by the company’s internal gurus. These gurus refer to the trading experts who have made substantial amounts of money from their combined years of knowledge. Jack Kellogg Profitly Chart
At its height, Profit.ly had housed up to five gurus, each of them a pro within their particular field within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing there are only two gurus who remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next possible moves in trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as Android devices, text, e-mail, 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 program. At $149.95 monthly, it is an ideal plan for those who are invested in penny stock trading. Pennystocking Silver includes all the basic features found in earlier plans which includes alerts for swing trading and access to a rich library of over 7,000 educational videos and new videos released every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Jack Kellogg Profitly Chart
The Superman Alerts plan is his offering of essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket as well as the mobile application, daily market updates in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge that is provided by Superman himself, via his Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. Additionally you’ll also have an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of tools to get you started. The platform has three membership levels, each designed for traders at different levels. Let’s break down what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. When you sign to this plan, you will be immediately offered a range of strong and essential trading tools, each of which is essential to keep your fingers on what we could call a ruthless process by itself.
The list of features you can do using Profit.ly’s Novice program is the ability to confirm trades and track profits as well as leading, following and even texting your fellow traders; and giving feedback on the trades of today. You can also get onto leaderboards; study the results of your analysis, sort, or filter the trades you make; and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per month. Although it looks attractive for the price alone, there is a downside. You aren’t able to create a personal profile, which makes your personal information public. If you’re interested in get the benefit of this service, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package allows you to use many of the features of The Novice package. In this plan, that you can create a private profile for sharing with fellow associate users all your knowledge and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to develop their expertise in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you will not be able to view other traders’ stats this might be a drawback for some who may be looking forward to this tier. Jack Kellogg Profitly Chart
The Professional plan can be described as the most expensive plan Profit.ly offers to experienced traders. With $74.95 monthly, and a 22% discount for billing annually This plan offers it all. You get full, no-holds-barred access to all features from the two prior plans.
You’re not only able to look at other people’s statistics, but you’re also given the opportunity to create an individual profile. Both of these options, plus the other advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly has a few additional services that it can offer. One of them is the online store, where customers can select from a variety of instructional videos that are created to help you understand the ins and outs of trading. The products listed on this page of the website is available to be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, as well as all aspects of trading. There are also clips and footage from events like the Annual Pennystocking Conference, and products from other expert traders.
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 chat room as you can find it throughout social and messaging platforms and also on a few specialty websites that provide live chat assistance. But on Profit.ly it’s seen as a hands-on space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members. One might be laid back and not very often engaged, while another could be more online and communicative with their students. Consider chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock trader types, from novices to experienced professionals. Considering the number of offers it can provide it is certain to have something for all.
Newbies, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. In addition, they will get daily videos and chat room advice from the in-house experts as well as their members. They’ll also be able to pick from the merchandise available on its store online to carry with them wherever they travel. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll be able to realize that the process is a high-stakes game that shouldn’t be taken as a joke.
For the traders with decades of experience in the line, we believe Profit.ly equally suited for them as it is for the newcomers. While novice traders may not be as proficient in managing trading, the pros already understand how it works and the risky mix that it carries. Ideally, they may use Profit.ly’s range of features to their best advantage to improve their trading skills. As beginners, they are able to learn from the experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the enjoyment! Those in the trading industry who are at similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to help assist them in the ever-changing trading process. Jack Kellogg Profitly Chart
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with a wealth of education, communication, and trading tools
- You get to be provided with excellent lessons and tips from the inside experts, as well as libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There’s something for all
- Profit.ly’s numerous products and packages offered might not be enough for the majority of its users
- As traders may opt to open any kind of trade, there’s a possibility that some of them will profit by picking the most profitable trades to improve their ratings This could be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds as its premium users are expected to immediately benefit from the many services that the platform can offer
The Final Verdict: Is Profit.ly Valued?
If we could think of the answer, it would be yes. But it is important to realize that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally designed to be used in this way. Instead, it is best to keep curiosity. Jack Kellogg Profitly Chart
What we mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck might be able to find Profit.ly’s range of resources useful when they try their best to avoid losses and be more successful than they did before. It’s not only the struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
If you truly care about being better at trading and wish 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 Jack Kellogg Profitly Chart
How can you make use of Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries under the ‘My Trade category on the dashboard that lets you record your trades that are verified 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.
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there’s the likelihood that it can be verified. This is evident by the small blue check. If you post it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of getting downvotes from your friends and colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, 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 in the stock market all over the world.