The stock market can be a high-stakes game. On some days, you may enjoy the benefits of pleasing and positive numbers. However, on other days you may experience the opposite, and it may sometimes be extremely difficult to return to where you were at your peak. If you find yourself constantly stuck in the gutter, you will have to recognize that relying on instinct and survival is not always enough.
If you’ve been incurring loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve discovered a platform that can support you to improve your performance within the field. We’ll be taking the time to look at Profit.ly is a well-known all-in-one 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 Mike Huddie Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of all levels to be knowledgeable, transparent, accountable, and uplifting with each other by offering a wide range of features and tools including trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for people who are just beginning their journey as well as a place for experienced traders to track their performance with the help of sophisticated analytics tools. Offering users a broad array of options for trade and communication and letting traders from all walks of life network with one another. It also allows gurus to make worthwhile investments within the confines that the site. Consider it the social media equivalent the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes said that Profit.ly was based “on showing all trades, something that was never prior to.” This idea Sykes said served two goals: 1.) creating public track records for not just the gurus and newsletter authors and students as well as) making it possible for everyone on the platform to learn from both losses and wins to benefit the industry of trading. Mike Huddie Profitly
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of services and features geared towards achieving achievement. It is possible to create an account there for free, but you’re limited to the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
Making an account easy: create a profile with your experiences and skills, join to your brokerage account, and you’ll have a chance to shoot your way to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a look at how the community of traders performs as well as its experts. It’s not just a way to show your worth to a large group of traders, but you can also use Profit.ly to shop from a guru with the confidence that you are confident in their skills and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you can choose to publish your trades, verified or otherwise, through photographs. In Profit.ly is the huge selection of trading courses and the capability to see stats in a trader’s profile and other methods to interact with your experts via chatrooms as well as 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 well-known for delving his hands into trades in penny stocks. According to Investopedia Penny stock refers to a small company’s stock which trades at just less than 5 cents per share. Penny stock trading can be seen as an opportunity for small-scale businesses to make the transition to a large marketplace as it gives them access to 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.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of profit through his lengthy career as a trader. At 25 years old, he had been given more exposure and a wider influence over time when he became part of the reality show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also played a role in establishing Profit.ly as a place of transparency and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have made substantial amounts of money from their combined years of knowledge. Mike Huddie Profitly
At its height, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, 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. When we take that into account, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll be able to see him focus on the fundamental stock catalysts and use them to predict the next moves that could occur when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS as well as Android devices, as well as email, text and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. Priced at $149.95 for a month this is an ideal plan for those who are more committed to investing in penny stocks. Pennystocking Silver offers all the essential features found in the previous plan, such as swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Mike Huddie Profitly
The Superman Alerts plan is his offer of the most essential features and trading alerts geared to those interested. For $147/month, you’ll get access daily premarket stock watchlist and the mobile application, daily market updates in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base that is provided by Superman himself, via the Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. On top of that you’ll also gain an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to help you going. The platform offers three membership tiers that are designed to accommodate traders with different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. Once you have signed to this plan you’ll be given a slew of robust and indispensable trading tools, each of which is essential to keep your hands on what we call a competitive process by itself.
Some of the features you can do with Profit.ly’s Novice package include the capability to check the results of your trades and track profit and follow-up, leading, and even messaging other traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze your trades, sort and filter your trades and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per month. Although it looks attractive for the price alone, there is a downside. It isn’t possible to create a private account, making your personal information public. If you do want to get the benefit of this service, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use a majority of features from The Novice package. In this plan, that you can set up a private profile for sharing with fellow associate users all the insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to harness their trading skills. While it’s nice but there’s one important element that’s missing. Unlike the previous Novice package, this one won’t be able to see other traders’ statistics this could be a disadvantage for those who are looking forward to this tier. Mike Huddie Profitly
Pro Plan
This is by far the highest premium package that Profit.ly can offer to experienced traders. At $74.95 each month with an additional 22% discount for annual billing This plan offers it all. You will have full, unrestricted access to all the options of the previous plans combined.
Not only do you get to view other people’s stats as well, you’re also offered the option of creating a private profile. These two features are in addition to the advantages that you can utilize to their fullest capacity. If you’re in search of an account that will give you with everything you require as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly provides a variety of other services they provide. One of them is the online store, where customers can select from a variety of video products that are designed to educate and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other related to trading, videos and footage of events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s variety of services and features. You are probably familiar with chat rooms since you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a real-time space where experts and their members trade and learn in real time. Every guru has their own way in operating their chat room and dealing with the members there. Some may be more laid back and rarely active, while another may be more interactive and online with their students. Think of the chat rooms like Profit.ly’s version of the forum in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, ranging from novices to experienced professionals. Considering the number of offers it has to offer this platform definitely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s library of learning content offered throughout the platform. They will also get daily videos and chat room tips from its in-house gurus and their members. Additionally, they can select from the products on its store online that they can take with them wherever they may be. You can also get hands-on experiences by trading through the platform, however they’ll be able to realize that the process is a high stakes game that shouldn’t be treated as an amusing pastime.
For traders who have many years of experience down the line, we believe Profit.ly as equally as suitable to them as those who are just starting. While the newbies may not be as proficient in handling trading matters, the pros already understand how it works along with the plethora of risks that come with it. It is ideal to make use of Profit.ly’s variety of features to their full advantage to improve their skills in trading. Like novices, they can study from the gurus and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the enjoyment! Trade professionals who are on similar levels to Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others in order to guide them through the ever-illustrious trading process. Mike Huddie Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You’ll be taught by experts and advice from the company’s internal experts, which include collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There is truly something for every person
The Cons
- Profit.ly’s abundance of packages and services offered could seem overwhelming for the majority of its customers
- As traders may opt to post any kind of trade, there is an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating This could be a concern that should not be overlooked.
- Profit.ly will not allow refunds because the premium customers are expected to immediately take advantage of the numerous features the platform is able to provide
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with the answer, it would be yes. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t intended to be created in this way. Instead, you should have curiosity. Mike Huddie Profitly
What we do mean”yes” is it is a fantastic learning tool. People who are stuck may discover Profit.ly’s range of resources helpful as they do their best to reduce losses and be more successful than before. It’s not just the struggling traders that will profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly want to become a better trader and want to learn from your mentors and peers on the way, take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Mike Huddie Profitly
How can you make use of Profit.ly to make your trades public?
Profit.ly has an entry section for trades under the My Trade’ category of the dashboard which allows you to post your trades that are verified or otherwise. You may choose between three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is evident by the blue check mark. If you submit it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of getting downvotes from your friends and colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities on the stock market both right and left.