Stock trading is an extremely risky game. Some days, you may have the benefit of positive and satisfactory numbers. On other days, however it could be the reverse and it could be extremely difficult to get back to the point you were at your most productive. If you find yourself immersed in the water You will need to recognize that relying on instinct and survival is not always enough.
If you’ve suffered loss from time to time You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the globe. That’s why we’ve discovered a platform that can support you in your growth in the industry. We’ll be taking a 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Jasn Brown Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of all levels to be informative responsible, transparent, and to build relationships with each other by offering a wide range of features and tools such as chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for traders who are just beginning their journey and as a hub for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. It provides users with a vast range of resources to facilitate trade and communication and letting traders from every field of business connect with each other. It offers gurus with worthy investments within the boundaries of this platform. Think of it as an online social media platform similar to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are valid and won’t allow for fraud as much as possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never previously done.” The concept Sykes said served two objectives: one) creating public track records for everyone, not just the experts, but also the newsletter authors and students and secondly) allowing all users to be enlightened by both the wins and losses to benefit the industry of trading. Jasn Brown Profitly
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of services and features geared toward the success of their business. You may set up an account at no cost, however you’re only limited to having access to the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s offers, which we will review in the coming days.
Making an account simple: Create an account with your experience and expertise, connect to 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, is designed to give its users a glimpse of how the community of traders performs as well as its gurus. It’s not just a way to prove that you’re worthy to the group of traders, as you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re confident in their skills and the legitimacy of their claims.
If you’re not comfortable with the concept of leaking your brokerage account, you may decide to share your trades, either verified or otherwise, through screenshots. Included in Profit.ly are a variety of trading courses as well as the ability to look at the stats of a trader’s account as well as other ways to connect with your gurus via chatrooms in addition to notifications via email or text as well as updates.
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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 Penny stock refers to a small company’s stock that trades for less than $5 per share. The penny stock market can be seen as a stepping stone for small businesses to transition into a larger market because they can access capital from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes will be able to tell you through his many years of experience.
From his beginnings in his late years in High School, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as a trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider reach of influence as a participant in the reality show “Wall Street Warriors.” Then, he made use of the show to create trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a platform for transparency and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have made substantial profits through their years of knowledge. Jasn Brown Profitly
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, however, only two gurus remain on the platform: Founder and 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 has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll observe him focus on fundamental stock catalysts and use them to predict the next move that is possible when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS and Android devices; email, text and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 monthly, this is an ideal plan for those who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features found in the previous plan, which includes swing trading alerts and unlimited access to a rich library of over 7,000 educational videos and new videos released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Jasn Brown Profitly
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile app, daily market updates in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus 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 package, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. On top of that you’ll also have the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to help you started. The platform has three membership levels that cater to traders at different levels. Let’s look at what the three levels are and what 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. As you sign up for this package, you will be immediately provided with a variety of powerful and indispensable trading tools, all of which is essential to keep your fingers on what could call a ruthless process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards; analyze, sort, or filter the trades you make; and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing just by the price, there is a downside. It isn’t possible to create a private profile, thus making your personal information public. If you do want to get access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use the majority of features available in the novice plan. This plan allows that you can set up a private profile for sharing with fellow associate users all the insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to develop their expertise in trading. As nice as it seems however, there’s a crucial element that’s missing. Unlike the previous Novice package, you won’t be able view other traders’ stats this might be a drawback for some who may be looking forward to this tier. Jasn Brown Profitly
Pro Plan
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. At $74.95 each month which includes a 22% discount for billing annually This plan offers everything. You get full, no-holds-barred access to all options of the previous plans combined.
Not only do you get to look at other people’s statistics and data, but you also have the opportunity to create a private profile. These two features are in addition to the advantages you’ll be able to use to the maximum extent. If you’re in search of a plan that can serve you with everything you require as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly provides a variety of more services it has to offer. One of these is its online store, where customers can select from a variety of instructional videos that are created to provide guidance on the nuances and pitfalls of trading. The products listed on this page of the website can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and scenes taken from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of services and features. You may be familiar with the chat room as you can see it across messaging and social platforms, in addition to a few special websites that offer live chat support. However, in Profit.ly, it is seen as a place where gurus and their members can interact and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the members there. One might be more laid back and rarely active, while another may be more active and in touch with their students. Think of chat rooms as Profit.ly’s version of the forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, ranging from beginners to experienced pros. Considering the number of offers it can provide, the platform surely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. They will also get daily videos and chat room tips from the in-house experts and members. They’ll also be able to pick from the merchandise available in its online store that they can take with them wherever they may be. You can also get hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that the process is a high stakes game that should not be viewed as a joke.
For traders who have years of exposure down the road, we consider Profit.ly equally suited to people who are just beginning. Although the novices might not be as well-equipped with dealing with trading issues however, experienced traders know the way it functions and the risky mix associated with it. It is ideal to use Profit.ly’s variety of features to their best advantage to develop their skills in trading. Like beginners, they can study from the gurus as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the fun! Trade professionals who are on an equal level with Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to navigate them through the ever-changing trading process. Jasn Brown Profitly
Profit.ly’s Pros and Pros and
The Pros
- 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 advice from the company’s inside experts, as well as libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via 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 abundance of products and packages offered might not be enough for most of its users
- Since traders can choose to post any kind of trade, there’s the possibility that some of them may take advantage by picking the most profitable trades to improve their ratings This could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as its premium users will immediately benefit from the many features the platform is able to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we were able to come up with the answer, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. 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. Jasn Brown Profitly
What we mean by ‘yes’ is that it could be a useful learning tool. People who are stuck might be able to find Profit.ly’s array of resources to be helpful as they do their best to reduce loss and perform better than before. Not only struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly desire to be more successful in trading and would like to learn from your fellows and gurus on the way, look no further – Profit.ly may be a great alternative to start.
FAQ Jasn Brown Profitly
How can you make use of Profit.ly to publish your trades?
Profit.ly has a trade entry portion under the “My Trade section of the dashboard that allows you to post your trades, either verified or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades using the spaces provided and details
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there’s an excellent chance that it is verifiable. This is evident by the small blue check. If you submit it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The disadvantage of an unverified trade is the chance of receiving negative feedback from fellow peers. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are trying to maximize profits but also assist each other to grow and learn more about acquiring opportunities in the stock market all over the world.
