Stock trading can be an exciting game with high stakes. On certain days, you might enjoy the benefits of positive and satisfying numbers. However, on other days, the opposite may happen, and it may sometimes be very difficult to get back to where you were your most productive. If you find yourself constantly stuck in the gutter You will need to realize that relying on instinct and survival is not always enough.
If you’ve experienced occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the globe, which is why we’ve identified a platform that can support you in your growth in the market. This review will be taking a 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Jack Kellogg Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of different levels to be knowledgeable and accountable, as well as transparent and encouraging one another through its wide array of tools and features such as chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for people new to trading and also as a platform for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Providing users with a wide range of resources for trade and communication, it helps traders from every field of business connect with each other. It also allows gurus to make worthwhile investments within the confines that the site. Imagine it as an online social media platform similar to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never done before.” The concept, he added, served two objectives: one) creating public track records for all traders, not just the gurus and newsletter writers and students as well as) making it possible for everyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Jack Kellogg Profitly
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of features and services aimed towards achieving the success of their business. It is possible to create an account at no cost, however you’re limited to the ability to navigate through 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 it is necessary to subscribe to any of Profit.ly’s deals that we’ll review in the coming days.
Setting up an account is simple: Create an account with your experience and skills, join to your brokerage account, and you’ll have the chance to climb through high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users a glimpse of their performance as a trading group and its experts. It’s not only a chance to prove your worth to a large group of traders. You can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re confident with their expertise and the credibility of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account you can choose to publish your trades, whether verified or otherwise, through photographs. Also included in Profit.ly is the huge selection of trading courses and the capability to see statistics on a person’s profile 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 the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at less than $5 per share. Penny stock trading could be viewed as an opportunity for small-scale businesses to make the transition to a large marketplace as they can access capital from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned over $6 million of profit through his lengthy career as trading professional. At 25 years old, he had been given more exposure and a wider reach of influence as a participant in the reality series “Wall Street Warriors.” He took advantage of it to establish trading rooms, penny stock themes, and educational material aimed at people who are brand new to the trading field. He also helped to establish Profit.ly as a place for transparency and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational sources, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to the experts in trading who have proven to make significant amounts of profit through their years of expertise. Jack Kellogg 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, there are only two gurus who remain on this platform: the 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 offers.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next move that is possible when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS as well as Android devices; texts, emails, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, this is an ideal plan for those who are more invested in the penny-stock market. Pennystocking Silver offers all the essential features that were included in earlier plans such as alerts for swing trading and access to a library of more than 7,000 instructional videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Jack Kellogg Profitly
The Superman Alerts plan is his offering of essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket as well as the mobile application, daily market updates in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base that is provided by Superman himself through his Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. On top of that you’ll also have the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership levels, each designed for traders at different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. Once you have signed to this plan you’ll be given a slew of robust and indispensable trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following and even chatting with other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, and filter your trades and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. You can’t create a private profile, thus making your activities publicly available. If you’re looking to gain an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets users to benefit from the majority of features available in The Novice package. In this plan, that you can set up a private profile for sharing with fellow associate users all the insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to develop their trading skills. Although it’s a nice thing however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you won’t be able to see the statistics of other traders, which might be a drawback for those eager to try this new tier. Jack Kellogg Profitly
Pro Plan
This is by far the most premium package that Profit.ly can offer to experienced traders. With $74.95 monthly, and an additional 22% discount for billing annually the Pro plan has everything. You get full, no-holds-barred access to all options of the previous plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the opportunity to create your own private profile. Both of these options, in addition to the advantages you’ll be able to use to the maximum extent. If you’re in search of an option that gives you everything you need as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly provides a variety of additional services that it can provide. One of these is its online store, where customers can choose from a wide array of instructional videos that are created to guide you through the ins and outs of trading. Each of the offerings listed in this section of the website can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and all other related to trading, videos and scenes of The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You are probably familiar with chat rooms since you will see it on social and messaging platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly, it is seen as a area where experts and member traders can communicate and learn in real time. Each guru has their style in running their chat rooms and dealing with the listed members. One of them may be more laid back and rarely engaged, while another could be more online and communicative to their pupils. Think of chat rooms as Profit.ly’s version of the forum in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock traders, from beginners to experienced pros. Given the wide range of options it offers, the platform surely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus and their members. They’ll also be able to select from the products on its store online for them to take wherever they may be. They can also gain hands-on experiences by trading through the platform, but eventually, they will soon learn that this is a risky game that shouldn’t be treated as an amusing pastime.
For traders who have many years of experience down the line, we believe Profit.ly as equally as suitable to them as the newcomers. Although the novices might not be as adept at dealing with trading issues however, experienced traders know the way it functions and the risky mix that it carries. It is ideal to use Profit.ly’s array of features to their best advantage to enhance their trading skills. Like beginners, they can study from the gurus and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the fun! Trade professionals who are on an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders as a way to help navigate them through the ever-changing trading process. Jack Kellogg Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with tons of learning tools, communication, and trading tools
- You will be provided with excellent lessons and advice from the company’s inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and dependable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There’s something for every person
The Cons
- Profit.ly’s bountiful stream of packages and products offered may be too much for most of its customers
- If traders decide to make any type of trade, there is an opportunity that some them could profit from selecting the best trades in order to increase the rating – this may be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds because its premium users will immediately benefit from the number of services that the platform can offer
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The Final Verdict: Is Profit.ly worth it?
If we could come up with the answer, it would be a ‘yes’. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always intended to be created for this reason. Instead, you need to have the ability to think with an open heart. Jack Kellogg Profitly
What we do mean”yes” is it could be a useful learning tool. Those who may be stuck may find Profit.ly’s variety of resources to be helpful in their efforts to incur lesser loss and perform better than they did before. It’s not just the struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be better at trading and wish to learn from your fellows and gurus on the way, take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Jack Kellogg Profitly
How do you use Profit.ly to publish your trades?
Profit.ly has an entry section for trades under the My Trade category on the dashboard which lets you record your trades, either verified or otherwise. There are three choices:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades into specified spaces and information.
- Take a photo of your transactions
What can I do to determine whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there is a high probability that it’s verifiable. This is shown by the blue check mark. If you post it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the risk of receiving negative feedback from friends and colleagues. 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 the moment, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile app version works with all working smartphones and tablets.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just trying to maximize profits but also help each other grow and learn more about acquiring opportunities on the stock market all over the world.
