The stock market can be an exciting game with high stakes. On some days, you might enjoy the benefits of positive and satisfactory numbers. On other days it could be the reverse and it can be extremely difficult to get back to where you were at your most productive. If you are constantly stuck in the gutter You will need to realize that relying on instinct and survival may not always be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the world, which is why we’ve identified a platform that can support you to improve your performance in the industry. This review will take the time to 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.
Overall Rating: 4.1/5 Jason Bond Removed From Profitly
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informed responsible, transparent, and encouraging each other by offering a wide array of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for traders new to trading and also as a platform for traders with experience to keep track of their performance through the use of advanced analytics tools. Providing users with a wide array of options to facilitate trade and communication, it helps traders from all walks of life connect with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Imagine it as a social media site akin the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes publication, Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never previously done.” The concept Sykes said served two purposes: 1) keeping track of public data for all traders, not just the gurus as well as students and newsletter writers, and 2) making it possible for everyone on the platform to learn from both losses and wins to benefit the industry of trading. Jason Bond Removed From Profitly
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of tools and services that are geared towards achieving success. You may set up an account there at no cost, however you’re limited to access to the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s deals, which we will discuss in the near future.
The process of opening an account is easy: create an account with your experience and skills, join your brokerage account, and you’ll be given a chance to shoot your way to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users an insight into the performance of the trading community as well as its gurus. It’s not just a way to prove value to a large group of traders. You can also utilize Profit.ly to purchase from a guru with the confidence that you are confident with their expertise and the credibility of their claims.
If you are unsure about the concept of leaking your brokerage account, you can choose to publish your trades, verified or not, via pictures. Included in Profit.ly is the huge selection of courses in trading, the ability to view stats in a trader’s profile and other methods to connect with your gurus via chatrooms along with email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. Penny stock trading is a stepping stone for small businesses to transition to a large marketplace as it gives them access to capital from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes is sure to reveal thanks to his years of expertise.
Beginning at the end of his time in High School, Tim Sykes has, since then, made an estimated $6 million profit through his lengthy career as trading professional. At the age of 25 Sykes was given more exposure and a wider reach of influence when he was a part of the reality series “Wall Street Warriors.” He used the opportunity to create 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 to establish Profit.ly as a place of transparency and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education tools, trade alerts as well as other useful information provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have proven to make significant amounts of profit from their combined years of knowledge. Jason Bond Removed From Profitly
At its height, Profit.ly had housed up to five gurus, each of them a professional in their niche within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among 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. In light of that, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll be able to observe him focus on fundamental stock catalysts and use them to anticipate the next move that is possible when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS and Android devices, as well as texts, emails and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, this is a great option for those who are more committed to penny stock trading. Pennystocking Silver includes all the basic features of the previous plan, which includes swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos that are updated weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Jason Bond Removed From Profitly
The Superman Alerts plan is his offer of the most essential features and trading alerts geared to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist as well as the mobile app, the daily market commentary in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge of information provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. Additionally you’ll also gain an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave a mark in the market, Profit.ly has the right amount of tools to get you up and running. The platform has three membership levels that are designed to accommodate traders with different levels. Let’s break down what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. When you sign up for this plan you’ll be given a slew of robust and essential trading tools, all of which is essential to keep your fingers on what we call a competitive process by itself.
Some of the features you can do using Profit.ly’s Novice program is the ability to confirm trades and track profits and follow-up, leading, and even messaging your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, and filter your trades; and lastly, look at other people’s statistics.
The Novice plan costs $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 personal information public. If you do want to have access to this feature, be watching for us to introduce to you Profit.ly’s next plan.
The Trader package lets you to take advantage of many of the features of the Novice plan. It is in this plan that you can set up an account that is private for sharing with fellow associates all your insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to harness their expertise in trading. As nice as it seems but there’s one important aspect that’s not included. In contrast to the Novice package, you won’t be able view other traders’ statistics this might be a drawback for those who are anticipating this level. Jason Bond Removed From Profitly
The Professional plan can be described as the most premium package that Profit.ly could offer for seasoned traders. At $74.95 monthly, which includes a 22% discount for billing annually, this tier has it all. You will have full, unrestricted access to all the features of the prior plans.
Not only do you get to see other users’ stats as well, you’re also offered the chance to create a private profile. Both of these features, on top of all the advantages that you can utilize to the maximum extent. If you’re in search of an account that will give all the features you need to be a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly has a few additional services that it can offer. One of these is its online store, where customers can choose from a wide array of instructional videos that are created to provide guidance on the nuances and pitfalls of trading. The products listed in this section of the site can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and all other aspects of trading. There are also clips and clips taken from the Annual Pennystocking Conference, and products from other expert traders.
Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of services and features. You are probably familiar with the concept of the chat room as you can find it throughout social and messaging platforms, as well as some specialty websites that provide live chat support. However, in Profit.ly, it is seen as a space where experts and their member traders can communicate and learn in real time. Every guru has their own style in operating their chat room and dealing with the listed members there. One might be laid back and rarely engaged, while another could be more active and in touch with their students. Think of chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock trader types, from novices to the most experienced. Given the wide range of options it offers, the platform surely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will be provided with videos every week and chat room advice by its internal gurus as well as their members. They’ll also be able to select from the products in its online store to carry with them wherever they may go. Additionally, they can gain practical experiences by trading through the platform, but eventually, they will soon learn that this is a risky game that should not be viewed as an opportunity to make fun of.
For the traders with many years of experience down the line, we believe Profit.ly equally suitable for them as it is for the newcomers. While novice traders may not be as adept at dealing with trading issues, the pros already understand how it works and the plethora of risks that come with it. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to improve their trading abilities. As beginners, they are able to learn from the experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the fun! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to help guide them through the ever-illustrious trading process. Jason Bond Removed From Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You get to be provided with excellent lessons and insights from its in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There’s something for everyone
- Profit.ly’s numerous packages and products offered may seem overwhelming for the majority of its customers
- Since traders can choose to open any kind of trade, there is a possibility that some of them will profit by picking the most profitable trades to improve their ratings This could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds because the premium customers will immediately benefit from the many services the platform has to offer
The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it’s an affirmative “yes”. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. It wasn’t intended to be created for this reason. Instead, you should have the ability to think with an open heart. Jason Bond Removed From Profitly
What we are referring to by ‘yes’ is that it can be a great learning tool. For those who are struggling, they may be able to find Profit.ly’s array of resources to be helpful in their efforts to incur lesser loss and perform better than they did before. Not only poor traders that can profit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely want to become a better trader and want to learn from your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Jason Bond Removed From Profitly
How can you make use of Profit.ly to publish your trades?
Profit.ly has an entry section for trades under the “My Trade’ category of the dashboard which lets you post your trades, either verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is shown by the small blue check. If you post the information manually or via screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the chance of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of stock market opportunities left and right.