Stock trading is an exciting game with high stakes. On some days, you may enjoy the benefits of positive and satisfactory numbers. On other days, the opposite may happen and it can be very difficult to get back to the point you were at your best. If you find yourself always in the mud, you will have be aware that relying solely on your instincts and preserving is not always enough.
If you’ve experienced losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your fellow traders from around the world, which is why we’ve discovered an option that can help you to improve your performance in the market. This review will be taking an in-depth look at Profit.ly is a well-known 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 Jake Steed Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of different levels to be informative and accountable, as well as transparent and to build relationships with one another through its wide variety of tools and features including trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for traders new to trading as well as a place for experienced traders to track their performance with the help of advanced analytics tools. Providing users with a wide array of options for communication and trade that help traders from all walks of life connect with each other. It gives the gurus worthy investments within the boundaries of the platform. Imagine it as a social media site akin like Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are authentic and won’t accept fake news as long as possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes stated that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been done before.” This idea Sykes said served two purposes: 1) creating public track records for everyone, not just the experts and students and newsletter writers, and 2) making it possible for anyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. Jake Steed Profitly
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders have access to a range of features and services aimed toward achievement. It is possible to create an account there at no cost, however you’re only limited to having the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s offerings that we’ll discuss in the near future.
Making an account simple: Create a profile with your experiences and expertise, connect your brokerage account, and you’ll be given the chance to climb through the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users an insight into the performance of the trading community as well as its gurus. You’re not just allowed to show your worth to a large group of traders, as you are also able to use Profit.ly to buy from a guru with the assurance that you’re comfortable with their expertise and the credibility of their claims.
If you are unsure about the concept of leaking the details of your broker account you may choose to publish your trades, either verified or otherwise, through screenshots. In Profit.ly is the huge selection of courses in trading as well as the ability to look at the stats of a trader’s account, and more ways to connect with your gurus in the chatroom, as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for less than $5 per share. The penny stock market is an opportunity for small-scale businesses to make the transition to a market that is larger as it gives them access to funds from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal thanks to his years of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million profit through his lengthy career as a trader. At 25 years old, he had been given greater exposure and a larger reach of influence as a participant in the reality show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms and penny stock themes as well as educational content targeted at those who are new to trading. He also helped to establish Profit.ly as a place for transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning resources, trade alerts, as well as other useful information provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have earned significant amounts of profit from their collective years of experience. Jake Steed Profitly
At its peak, 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 famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this 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. When we take that into account, let’s take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you will be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as Android devices; email, text and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month this is a great option for those who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features of earlier plans which includes swing trading alerts and unlimited access to a rich library of over 7,000 educational videos and new videos released weekly.
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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. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Jake Steed Profitly
The Superman Alerts plan is his offering of essential features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile app, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. In addition you’ll also have the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership tiers, each designed for traders at different levels. Let’s break down what these three tiers are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. Once you have signed to this plan you’ll be given a slew of robust and vital trading tools, all of which is essential to keep your fingers on what we could call a ruthless process by itself.
The list of features you can accomplish using Profit.ly’s Novice program is the capability to check the results of your trades and track profit and follow-up, leading and even texting your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards; analyze the results of your analysis, sort, or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it looks attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re interested in gain the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of many of the features of the Novice plan. In this plan, that you can set up an account that is private for sharing with fellow associate users all your knowledge and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to improve their skills in trading. As nice as it seems, there is one significant element that’s missing. In contrast to the Novice package, this one won’t be able to view other traders’ stats, which could be a disadvantage for some who may be looking forward to this tier. Jake Steed Profitly
Pro Plan
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. At $74.95 monthly, which includes an additional 22% discount when billed annually, this tier has everything. You will have full, unrestricted access to all options of the previous plans.
Not only do you get to view other people’s stats, but you’re also given the opportunity to create your own private profile. Both of these features, on top of all the benefits that you can use to their fullest capacity. If you’re in search of an option that gives all the features you need to be trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly has a few other services they provide. One of those is its online store, which allows users to pick from a range of instructional videos that are designed to inform and help you understand the ins and outs of trading. All of the products featured in this section of the website is available to be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and all other things trading-related, clips and footage taken 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 variety of features and services. You may be familiar with the concept of the chat room since you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly the chat room is viewed as a place where gurus and their members trade and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members there. One of them may be a laid-back person who is rarely active, while another might be more active and in touch to their pupils. Consider chatrooms as Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock traders, from beginners to experienced pros. Considering the number of offers it has to offer this platform definitely has something for all.
Newbies, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. They will also get daily videos and chat room tips by its internal gurus as well as their members. Additionally, they can pick from the merchandise available in its online store for them to take wherever they may go. You can also get hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that this is a risky game that shouldn’t be taken as a joke.
For the traders with decades of experience in the line, we see Profit.ly equally suited to people who are just beginning. While novice traders may not be as well-equipped with handling trading matters but the experts already know how it works and the stack full of risks associated with it. It is ideal to make use of Profit.ly’s array of features to their best advantage to develop their trading abilities. Like novices, they can study from the gurus as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the excitement! Those in the trading industry who are on the same level as Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others in order to navigate them through the ever-changing trading process. Jake Steed Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with tons of learning communications, trading, and communication tools
- You’ll be taught by experts and insights from its in-house gurus, including collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices There is truly something for all
The Cons
- Profit.ly’s numerous packages and products offered may be too much for a lot of its users
- Since traders can choose to post any kind of trade, there is an opportunity that some them will profit by selecting the best trades in order to increase the rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as its premium users are expected to instantly take advantage of the numerous features the platform is able to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it’s an affirmative “yes”. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t designed to be used in this way. Instead, you should have curiosity. Jake Steed Profitly
What we do mean”yes” is that it is a fantastic learning tool. For those who are struggling, they could find Profit.ly’s array of resources useful as they do their best to reduce losses and perform better than they did before. It’s not only the struggling traders that will benefit from this platform. It is able to accommodate novices and even experts!
If you truly want to become a better trader and want to learn from your mentors and peers throughout the process, then look no further – Profit.ly is a fantastic choice to start.
FAQ Jake Steed Profitly
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades under the ‘My Trade section of the dashboard that lets you post your trades, either verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there is the probability that it’s verifiable. This is evident by the small blue check. If you submit it manually or through screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the risk of receiving negative feedback from fellow peers. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are seeking to make the most profit but also help each other grow and learn more about acquiring opportunities on the stock market both right and left.
