Stock trading is a high-stakes game. Some days, you may be reaping the benefits of pleasing and positive numbers. However, on other days you may experience the opposite, and it may sometimes be extremely difficult to get back to the point you were at your most productive. If you’re constantly stuck in the gutter, you will have to realize that relying on pure instinct and preservation might not be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your fellow traders from around the world, which is why we’ve identified an online platform that will help you in your growth in the market. 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 Jlex24 Profitly
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of different levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other by offering a wide variety of tools and features including trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for people new to trading as well as a place for experienced traders to track their performance with the help of cutting-edge analytics tools. Offering users a broad array of options for communication and trade and letting traders from all walks of life network with one another. It also allows gurus to make worthwhile investments within the confines of the platform. Think of it as an online social media platform similar like Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it ensures that the trades are authentic and won’t accept fake news as long as it is possible. It was established in the past by penny expert in stock trading 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 based “on showing the entire spectrum of trades, something which has never been previously done.” The concept Sykes said served two objectives: one) keeping track of public data for not just the gurus, but also the students and newsletter writers as well as) making it possible for everyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Jlex24 Profitly
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of tools and services that are geared at achieving achievement. You can create an account at no cost, however you’re limited to the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re looking 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 offerings that we’ll discuss in the near future.
Setting up an account is easy: create an account with your experience and knowledge, then connect to your brokerage account and you have yourself a chance to shoot your way to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a glimpse of their performance as a trading group as well as its experts. It’s not just a way to prove value to a group of traders. You can also use Profit.ly to shop from a guru with the confidence that you are confident with their expertise and the credibility of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, you may decide to share your trades, whether verified or not, via screenshots. Included in Profit.ly are a variety of courses in trading as well as the ability to look at stats in a trader’s profile, and more ways to connect with your gurus through the chatroom in addition to email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock that trades for less than $5 per share. Penny stock trading is a stepping stone for small-scale businesses to make the transition into a larger market because they can access capital from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, made more than $6 million in profits through his lengthy career as trading professional. When he was 25 years old, he had been given greater exposure and an even wider impact when he became part of the reality series “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms and 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 of transparency and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have earned significant amounts of profit from their combined years of experience. Jlex24 Profitly
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise 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: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 per month, you will see him focus on the fundamental stock catalysts and use them to anticipate the next move that is possible when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS as well as Android devices; email, text, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 monthly, it is the perfect plan for investors who are committed to penny stock trading. Pennystocking Silver offers all the essential features that were included in the previous plan, such as alerts for swing trading and access to a rich library of over 7,000 educational videos, with new ones released each week.
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. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Jlex24 Profitly
The Superman Alerts plan is his package of vital features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile application, daily market commentary in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base of information provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. On top of that 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 trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership levels, each designed for traders at different levels. Let’s break down what these three levels are and what they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. As you sign to this plan you’ll be offered a range of strong and essential trading tools, each one of them essential in keeping your fingers on what we call a competitive process by itself.
The list of features you can do using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze, sort, or filter the trades you make and, finally, see other’s stats.
The Novice plan is $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 activities publicly available. If you do want to gain an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to use a majority of features from the novice plan. In this plan, that you can set up a private profile to share with other associate users all the insights and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to improve their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. In contrast to the Novice package, you won’t be able to view other traders’ stats that might be a drawback for those who are anticipating this level. Jlex24 Profitly
The Pro plan is the highest premium package that Profit.ly could offer for seasoned traders. At $74.95 monthly, and a 22% discount for billing annually, this tier has it all. It gives you full, unlimited access to all features of the previous plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the option of creating your own private profile. Both of these features, in addition to the benefits that you can use to their fullest capacity. If you’re looking for an account that will give all the features you need to be an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly provides a variety of other services they provide. One of them is the online store, where customers can pick from a range of instructional videos that are that are designed to educate and guide you through the ins and outs of trading. The products listed in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and clips from the Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are also part of Profit.ly’s array of services and features. You may be familiar with chat rooms since you can find it throughout social and messaging platforms and also on a few specialty websites that provide live chat support. But on Profit.ly it’s seen as a real-time place where gurus and their member traders can communicate and learn in real time. Every guru has their own way in running their chat rooms and dealing with the members there. One might be laid back and rarely engaged, while another could be more active and in touch with their students. Consider chat rooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, ranging from novices to experienced professionals. With the variety of deals it has to offer, the platform surely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips from the in-house experts as well as their members. They’ll also be able to select from the products in its online store for them to take wherever they may travel. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll realize that the process is a high-stakes game that should not be viewed as a joke.
For the traders with years of exposure down the line, we see Profit.ly equally suitable to people who are just beginning. While novice traders may not be as proficient in 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 options to their maximum advantage to enhance their trading skills. Like beginners, they can study from the gurus and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Verified experts can also join in the fun! People in the trade industry who are at the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Jlex24 Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with a wealth of education, communication, and trading tools
- You will be provided with excellent lessons 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 with accurate analytics and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for most of its customers
- Since traders can choose to make any type of trade, there’s a possibility that some of them may take advantage by cherry-picking the best trades to increase the rating – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as the premium customers will immediately benefit from the many services that the platform can offer
The Final Concluding Question: Is Profit.ly Valued?
If we could think of the answer, it’s an affirmative “yes”. But you need to understand that the platform should not be used as a scheme to get rich quick. It wasn’t designed to be used to achieve this goal. Instead, you need to have an open mind. Jlex24 Profitly
What we do mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck may find Profit.ly’s variety of resources useful when they try their best to reduce loss and perform better than they did before. It’s not only the poor traders that can benefit from the platform. It can accommodate beginners and even experts!
If you truly care about being a better trader and want to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Jlex24 Profitly
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion within the ‘My Trade category on the dashboard which lets you post your trades, either verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is evident by the blue check mark. If you post it manually or through pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the possibility 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 see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market all over the world.