Stock trading can be a high-stakes game. On some days, you might have the benefit of positive and satisfactory numbers. On other days it could be the reverse and it can be very difficult to return to the point you were at your peak. If you’re immersed in the water it is important to realize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from fellow traders from around the globe, which is why we’ve discovered an option that can help you in your improvement within the field. This review will take an in-depth look at Profit.ly, a well-recognized 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.
Total Rating: 4.1/5 Patrick Wieland Profitly
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informative and accountable, as well as transparent and to build relationships with each other through its broad variety of tools and features like trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for people new to trading as well as a place for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Offering users a broad range of resources for communication and trade that help traders from every field of business connect with one another. It gives the gurus an opportunity to invest in the right areas of this platform. Imagine it as a social media site akin to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that was never previously done.” This idea Sykes said served two purposes: 1) making public records for all traders, not just the gurus as well as students and newsletter writers, and 2) making it possible for all users to learn from both losses and wins for the trading industry’s benefit. Patrick Wieland Profitly
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of services and features geared towards achieving the success of their business. You may set up an account on the site at no cost, however you’re only limited to having access to the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s offerings that we’ll go over shortly.
Setting up an account is easy: create a profile with your experiences and knowledge, then connect to your brokerage account, and you have yourself the chance to climb through the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users an insight into their performance as a trading group as well as its experts. It’s not only a chance to prove value to a group of traders, but you can also use Profit.ly to shop from a guru with the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, you can opt to post your trades, either verified or not, via screenshots. Included in Profit.ly are a variety of trading courses as well as the ability to look at statistics on a person’s profile and other methods to communicate with your gurus in the chatroom, as well as notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his efforts in penny stock trading. According to Investopedia Penny stock is a small business’s stock which trades at under $5 for each share. Penny stock trading can be seen as an avenue for small businesses to transition to a large marketplace as they can access money from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned an estimated $6 million earnings throughout his illustrious career as a trader. At 25 years old Tim Sykes had received more exposure and a wider impact when he became part of the reality TV show “Wall Street Warriors.” He then made use of the show to develop trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place of openness, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the trading experts who have made significant amounts of profit from their combined years of expertise. Patrick Wieland Profitly
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their niche within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, 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. With that taken into consideration Let’s look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you’ll be able to see him concentrate on the basic stock catalysts and employ them to predict the next moves that could occur when making trades.
A single purchase of 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; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. At $149.95 per month, this is an ideal plan for those who are more invested in the penny-stock market. Pennystocking Silver offers all the essential features found in prior plans, including swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Patrick Wieland Profitly
The Superman Alerts plan is an package of vital features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile application, daily market commentary in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base provided by Superman himself, via his Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. Additionally you’ll also gain an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the world of online trading and make a mark on the market, Profit.ly has the right amount of tools to get you going. The platform offers three membership levels that cater to traders with different levels. Let’s take a look at what these three levels are and what they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. As you sign up for this package you’ll be offered a range of strong and indispensable trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice program is the capability to check the results of your trades and track profit; leading, following and even texting your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards, analyze, sort, as well as filter trades and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive just by the price, there is a downside. You aren’t able to create a personal account, making your actions public. If you do want to get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader package lets you to use many of the features of the Novice plan. In this plan, that you can set up an individual profile that allows you to share with fellow associate users all your knowledge and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to harness their trading skills. While it’s nice but there’s one important feature that is missing. In contrast to the Novice package, you won’t be able to view the statistics of other traders, which could be a disadvantage for some who may be anticipating this level. Patrick Wieland Profitly
This is by far the most expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 each month with 22% off for billing annually the Pro plan has everything. You will have full, unrestricted access to all the options of the prior plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the option of creating an individual profile. Both of these features, on top of all the benefits that you can use to the maximum extent. If you’re looking for 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 trainer tools and leaderboards, Profit.ly provides a variety of other services they provide. One of them is the online store, where customers can choose from a wide array of videos created to guide you through the ins and outs of trading. The products listed in this section of the website can be immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other related to trading, videos and footage of events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of features and services. You are probably familiar with the concept of chat rooms since you can find it throughout messaging and social platforms, in addition to a few special websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a place where gurus and their members can interact and learn in real time. Each guru has their style in running their chat rooms and dealing with the listed members there. Some may be laid back and less active, while another may be more interactive and online in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, from novices to experienced professionals. Given the wide range of options it has to offer, the platform surely has something for all.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus as well as their members. Additionally, they can choose from the items on its store online to carry with them wherever they may be. You can also get hands-on experiences by trading through the platform, but ultimately they’ll realize that the process is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had years of exposure down the road, we consider Profit.ly as equally as suitable to those who are just starting. Although the novices might not be as proficient in managing trading, the pros already understand the way it functions and the plethora of risks that it carries. Ideally, they may use Profit.ly’s range of features to their best advantage to enhance their trading abilities. Like beginners, they can learn from the top experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are at similar levels to Superman or 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 assist them in the ever-changing trading process. Patrick Wieland Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders across the globe with tons of learning tools, communication, and trading tools
- You will be taught by experts and tips from the 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 precise analytics as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its main 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 screenshots
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There’s something for all
- Profit.ly’s abundance of packages and products offered may seem overwhelming for a lot of its users
- As traders may opt to post any kind of trade, there is an opportunity that some them could profit from cherry-picking the best trades to improve their ratings this could be a concern that should not be overlooked.
- Profit.ly does not accept refunds because its premium users will immediately benefit from the number of services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always meant to be designed for this reason. Instead, it is best to keep an open mind. Patrick Wieland Profitly
What we are referring to”yes” is it is a fantastic learning tool. People who are stuck could be able to find Profit.ly’s array of resources useful in their efforts to avoid losses and perform better than before. It’s not just the struggling traders who will benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly desire to be better at trading and wish to be taught by your mentors and peers on the way, take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Patrick Wieland Profitly
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion under the “My Trade’ category of the dashboard that allows you to post your trades that are verified or not. You may choose between three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there is a high chance that it is verifiable. This is evident by the blue check mark. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The downside of having an unauthentic trade is the possibility of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.