Stock trading is an extremely risky game. Some days, you may have the benefit of pleasing and positive numbers. However, on other days, the opposite may happen and it can be very difficult to get back to the point you were at your most productive. If you’re always in the mud it is important be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve experienced loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe, which is why we’ve found an online platform that will help you in your growth in the industry. In this review, we’ll be taking a look at Profit.ly, a well-recognized 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.
Total Rating: 4.1/5 Jack Schwarze Profitly
The User’s Experience 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be informed, transparent, accountable, and to build relationships with one another through its wide variety of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for people new to trading as well as a place for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources for communication and trade, it helps traders from all walks of life connect with one another. It also allows gurus to make an opportunity to invest in the right areas of the platform. Think of it as the social media equivalent like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes magazine Sykes stated that Profit.ly was based “on the transparency of all trades, something that was never done before.” This idea, he added, served two objectives: one) creating public track records for not just the gurus, but also the newsletter authors and students, and 2) allowing all users to be enlightened by both losses and wins to benefit the industry of trading. Jack Schwarze Profitly
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of tools and services that are geared toward achievement. You may set up an account there at no cost, however you’re only given the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re looking 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 that we’ll review in the coming days.
Setting up an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll be given an opportunity to make your way up to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users a glimpse of their performance as a trading group as well as its experts. It’s not only a chance to demonstrate your worth to a community of traders, but you are also able to use Profit.ly to buy with a professional with the assurance that you’re confident with their expertise and the veracity of their claims.
If you feel uneasy with the idea of divulging your brokerage account, you can choose to publish your trades, whether verified or not, via pictures. Included in Profit.ly is the huge selection of trading classes, the ability to view the stats of a trader’s account, and more ways to communicate with your gurus through the chatroom in addition to notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock is a small business’s shares that trade for under $5 for each share. Penny stock trading is an avenue for small-scale businesses to make the transition to a market that is larger as it gives them access to funds from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made more than $6 million in profits throughout his illustrious career as trading professional. At 25 years old Sykes was given greater exposure and an even wider influence over time as a participant in the reality series “Wall Street Warriors.” He took advantage of it to establish trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped establish Profit.ly as a place of openness, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning sources, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to experts in the field of trading who have made substantial amounts of money from their collective years of knowledge. Jack Schwarze Profitly
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their niche in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus 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. When we take that into account we’ll take a look at the packaged offers 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 through Tim’s Alerts. The cost is $74.95 per month, you’ll be able to observe him focus on basic stock catalysts and employ them to anticipate the next possible moves in trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS as well as Android devices, as well as 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 program. It costs $149.95 per month, it is the perfect plan for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features found in the previous plan, such as alerts for swing trading and access to a collection of more than 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading profits. Jack Schwarze Profitly
The Superman Alerts plan is his package of vital features and trading alerts targeted to those interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile app, the daily market updates in real time, and E-mail and SMS alerts.
In “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 through the Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. In addition you’ll also have the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels that cater to traders of different levels. Let’s break down what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. When you sign up for this package, you will be immediately offered a range of strong and vital trading tools, all one of them essential in keeping your fingers on what could call a ruthless process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice package is the capability to check trades and track profits; leading, following, and even messaging other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study the results of your analysis, sort, and filter your trades; and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone but there’s a disadvantage. You can’t create a private account, making your activities publicly available. If you’re looking to have an account with this option, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to take advantage of many of the features of The Novice package. In this plan, that you can set up a private profile for sharing with fellow associates all your insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to harness their skills in trading. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, you will not be able to view other traders’ statistics this could be a problem for those who are eager to try this new tier. Jack Schwarze Profitly
The Professional plan can be described as the highest premium package that Profit.ly offers to experienced traders. With $74.95 monthly, with a 22% discount when billed annually, this tier has it all. You will have full, unrestricted access to all the features from the two previous 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 in addition to the advantages you’ll be able to use to their fullest capacity. If you’re in search of a plan that can serve you everything you need as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly offers a number of more services it has to provide. One of those is its online store, where customers can select from a variety of video products created to help you understand the ins and outs of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and other things trading-related, clips and scenes from the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s array of services and features. You’re probably familiar with the concept of the chat room since you will see it on social and messaging platforms and also on a few specialty websites that provide live chat support. But in Profit.ly the chat room is viewed as a place where gurus and their member traders can communicate and exchange knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members. Some may be a laid-back person who is not very often engaged, while another could be more active and in touch with their students. Consider chat rooms like Profit.ly’s version of a forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, ranging from novices to experienced professionals. Considering the number of offers it has to offer, the platform surely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. They will also be provided with videos every week and chat room tips from the in-house experts and members. They’ll also be able to pick from the merchandise available on its store online that they can take with them wherever they travel. They can also gain hands-on experience trading on the platform, however they’ll be able to realize that this is a high stakes game that should not be viewed as an opportunity to make fun of.
For traders who have many years of experience down the line, we believe Profit.ly equally suited to them as those who are just starting. While novice traders may not be as proficient in managing trading but the experts already know how it works along with the stack full of risks that it carries. It is ideal to utilize Profit.ly’s variety of options to their maximum advantage to develop their trading skills. As beginners, they are able to learn from the experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the excitement! People in the trade industry who are at the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders in order to assist them in the ever-changing trading process. Jack Schwarze Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning, communication, and trading tools
- You get to be taught by experts and tips from the in-house gurus, including collections of educational videos as well as live trading activity.
- 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 a way to build your reputation as a reliable and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s numerous packages and services offered could not be enough for the majority of its users
- Since traders can choose to open any kind of trade, there’s an opportunity that some them could profit from picking the most profitable trades to boost their rating This could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds as its premium users are expected to immediately benefit from the many services the platform has to provide
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The Final Verdict is: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s yes. But it is important to realize that the platform should not be used as a scheme to get rich quick. It wasn’t intended to be created to achieve this goal. Instead, you should have an open mind. Jack Schwarze Profitly
What we are referring to”yes” is it can be a great learning tool. Those who may be stuck might be able to find Profit.ly’s array of resources to be helpful when they try their best to avoid losses and perform better than before. It’s not just the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really desire to be more successful in trading and would like to be taught by your mentors and peers on the way, look no further – Profit.ly could be a good alternative to start.
FAQ Jack Schwarze Profitly
How do you use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries in the “My Trade’ category of the dashboard that lets you record your trades, either verified or not. There are three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is indicated with the blue check mark. If you submit the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving downvotes from friends and colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Are 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 in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just trying to maximize profits but also to help one another grow and learn more about acquiring opportunities in the stock market all over the world.