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 could be very difficult to get back to where you were at your peak. If you’re always in the mud, you will have to recognize that relying on instinct and survival may not always be enough.
If you’ve experienced losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve discovered an option that can help you in your improvement in the market. In this review, we’ll take an in-depth look at Profit.ly A well-respected 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 Palmer Profitly Blog
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informed, transparent, accountable, and to build relationships with one another through its wide range of features and tools such as trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for those who are just beginning their journey and as a hub for experienced traders to track their performance with the help of sophisticated analytics tools. Providing users with a wide variety of tools for communication and trade, it helps traders from all walks of life network with one another. It gives the gurus worthwhile investments within the confines of the platform. Consider it the social media equivalent to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it makes sure that transactions are legitimate and will not allow for fraud as much as possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes said that Profit.ly was based “on the transparency of every trade, something that was never previously done.” The concept Sykes said served two goals: 1.) making public records for all traders, not just the gurus as well as students and newsletter writers, and 2) giving all users to gain insight into both losses and wins to benefit the industry of trading. Palmer Profitly Blog
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of tools and services that are geared at achieving success. You can create an account on the site at no cost, however you’re only limited to having the capability to browse the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time, you will need to join one of Profit.ly’s offers, which we will review in the coming days.
Setting up an account is easy: create an account that includes your personal information and skills, join to your brokerage account, and you’ll be given an opportunity to make your way to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a look at their performance as a trading group as well as its gurus. It’s not just a way to demonstrate value to a group of traders, but you are also able to use Profit.ly to buy from a guru with the assurance that you’re comfortable in their skills and the veracity of their claims.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you may decide to share your trades, verified or not, by taking photographs. Included in Profit.ly are a variety of trading courses as well as the ability to look at stats in a trader’s profile as well as other ways to interact with your experts in the chatroom, as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at less than $5 per share. The trading of penny stocks could be viewed as an avenue for small-scale businesses to make the transition into a larger market because they can access funds from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes is sure to reveal through his many years of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as a trader. At 25 years old Tim Sykes had received greater exposure and an even wider impact when he was a part of the reality show “Wall Street Warriors.” He then made use of the show to develop trading rooms as well as penny stock themes and educational content geared toward those who are new to trading. He also played a role in establishing Profit.ly as a place of openness, 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 vast array of learning resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. These gurus refer to the trading experts who have made substantial amounts of money from their combined years of expertise. Palmer Profitly Blog
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS as well as Android devices; text, e-mail, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. It costs $149.95 per month, it is the perfect plan for investors who are involved in the penny-stock market. Pennystocking Silver offers all the essential features of earlier plans such as alerts for swing trading and access to a rich library of more than 7,000 instructional videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Palmer Profitly Blog
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared 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 app, the daily market commentary in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base that is provided by Superman himself through his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. On top of that, you’ll also get the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership tiers that cater to traders at different levels. Let’s break down what these three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. As you sign up for this package you’ll be given a slew of robust and essential trading tools, each of them integral in keeping your fingers on what could call a ruthless process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to verify trades and track profits; leading, following, and even messaging other traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, and filter your trades and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per month. Although it looks attractive just by the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your actions public. If you’re interested in have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader package allows you to take advantage of many of the features of The Novice package. This plan allows that you are able to create an account that is private to share with fellow associates all your insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to improve their trading skills. 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 see other traders’ stats this could be a disadvantage for those who are anticipating this level. Palmer Profitly Blog
The Pro plan is the most luxurious package Profit.ly offers to experienced traders. It costs $74.95 monthly, and an additional 22% discount for annual billing This plan offers it all. You will have full, unrestricted access to all options of the previous plans.
Not only do you get to see other users’ stats, but you’re also given the option of creating your own private profile. Both of these options, on top of all the advantages you’ll be able to use to the maximum extent. If you’re in search of an account that will give you everything you need as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly offers a number of additional services that it can provide. One of those is its online store, where customers can pick from a range of instructional videos that are designed to inform and help you understand the nuances and pitfalls 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 specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other related to trading, videos and footage from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s array of services and features. You’re probably familiar with chat rooms since you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But in Profit.ly it’s seen as a hands-on place where gurus and their member traders can communicate and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members. One of them may be a laid-back person who is rarely active, while another may be more online and communicative in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock traders, ranging from beginners to experienced pros. Given the wide range of options it can provide it is certain to have something for all.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. They will also be enriched with weekly videos and chat room advice from its in-house gurus and their members. They’ll also be able choose from the items on its store online to carry with them wherever they may go. You can also get hands-on experience trading on the platform, but ultimately they’ll be able to realize that trading is a high stakes game that should not be viewed as an opportunity to make fun of.
For traders who have many years of experience down the line, we believe Profit.ly equally suited for them as it is for people who are just beginning. Although the novices might not be as proficient in handling trading matters but the experts already know how it works along with the plethora of risks that it carries. Ideally, they may utilize Profit.ly’s variety of features to their best advantage to improve their skills in trading. Like beginners, they can learn from the top experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the excitement! Trade professionals who are at similar levels to Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders in order to navigate them through the ever-changing trading process. Palmer Profitly Blog
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You will be provided with excellent lessons and advice from the company’s in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There’s something for everyone
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for a lot of its customers
- If traders decide to open any kind of trade, there is the possibility that some of them may take advantage by selecting the best trades in order to improve their ratings This could be a concern that should not be ignored.
- Profit.ly does not accept refunds, as its premium users are expected to immediately take advantage of the numerous services the platform has to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could come up with an answer to this question, it’s an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally intended to be created in this way. Instead, you need to have the ability to think with an open heart. Palmer Profitly Blog
What we do mean”yes” is it can be a great learning tool. For those who are struggling, they could discover Profit.ly’s range of resources helpful when they try their best to reduce losses and perform better than they did before. It’s not just the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely care about being better at trading and wish to learn from your mentors and peers along the way, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Palmer Profitly Blog
How do you use Profit.ly to publish your trades?
Profit.ly has a trade entry portion within the “My Trade category on the dashboard that lets you post your trades that are verified or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your transactions
What can I do to determine whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is indicated with the blue check mark. If you upload the information manually or via screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving negative feedback from fellow peers. A large number of downvotes could cause you to show up on the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are seeking to make the most profit but also help each other learn and improve in acquiring opportunities on the stock market all over the world.