The stock market can be an extremely risky game. On certain days, you could have the benefit of positive and satisfying numbers. On other days, the opposite may happen and it could be very difficult to return to where you were your peak. If you are constantly stuck in the gutter, you will have be aware that relying solely on your instincts and preserving is not always enough.
If you’ve experienced occasional losses You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the globe, which is why we’ve identified an online platform that will help you in your improvement within the field. We’ll take a look at Profit.ly, a well-recognized 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.
Total Rating: 4.1/5 Profitly Acad
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be informed responsible, transparent, and to build relationships with each other through its broad array of tools and features including trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning 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. It provides users with a vast range of resources for trade and communication that help traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries of the platform. Consider it an online social media platform similar to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The trading platform is built on trust 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 the other expert Michael Mosseri.
In an interview with Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been prior to.” This idea was, he said, serving two goals: 1.) making public records for not just the gurus and students and newsletter writers as well as) giving everyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Profitly Acad
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of services and features geared toward the success of their business. You may set up an account on the site at no cost, however you’re only given the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real time, you will need to subscribe to any of Profit.ly’s offerings that we’ll discuss in the near future.
Making an account simple: Create an account with your experience and knowledge, then connect to your brokerage account and you’ll have an opportunity to make your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users an insight into their performance as a trading group and its experts. It’s not just a way to show value to a community of traders, as you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re confident with their expertise and the legitimacy of their claims.
If you are unsure about the idea of sharing the details of your broker account you may opt to post your trades, whether verified or not, via pictures. In Profit.ly are a variety of trading courses and the capability to see statistics on a person’s profile, and more ways to connect with your gurus through the chatroom in addition to email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into penny stock trading. According to Investopedia Penny stock is a small business’s stock that trades for just less than 5 cents 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 capital from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes can surely tell through his many years of expertise.
Beginning in the latter years of High School, Tim Sykes has, since then, made more than $6 million in earnings through his lengthy career as trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider impact when he became part of the reality TV show “Wall Street Warriors.” He then used the opportunity to establish trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place for openness, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education tools, 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 proven to make significant amounts of profit through their years of experience. Profitly Acad
At its height, Profit.ly had housed up to five gurus, all of them an expert in their niche within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on this platform: Founder as well as 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 Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to predict the next moves that could occur when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS and Android devices; texts, emails, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 for a month it is an ideal plan for investors who are committed to the penny-stock market. Pennystocking Silver offers all the essential features of the previous plan, including swing trading alerts and unlimited access to a rich library of over 7,000 educational 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 both 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 trading profits. Profitly Acad
The Superman Alerts plan is an offering of essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist as well as the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base of information provided by Superman himself through the Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. Additionally, you’ll also get access to premium research reports and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of tools to get you started. The platform has three membership levels that cater to traders at different levels. Let’s break down what these three tiers are and how much they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. When you sign up for this package, you will be immediately given a slew of robust and indispensable trading tools, each of them integral in keeping your fingers on what could call a ruthless process in and of itself.
Among the list of things you can do with Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading and even chatting with your fellow traders; and providing feedback on trades today. You can also get on leaderboards, analyze your trades, sort or filter the trades you make; and, finally, see other’s stats.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone, there is a downside. You aren’t able to create a personal account, making your actions public. If you’re looking to have access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader plan allows you to take advantage of a majority of features from The Novice package. In this plan, that you can set up a private profile to share with other associate users all your knowledge and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to develop their expertise in trading. As nice as it seems, there is one significant feature that is missing. Unlike the previous Novice package, you will not be able view other traders’ statistics this could be a disadvantage for those looking forward to this tier. Profitly Acad
The Professional plan can be described as the most premium package that Profit.ly could offer for seasoned traders. With $74.95 monthly, which includes a 22% discount when billed annually, this tier has it all. You will have full, unrestricted access to all the features from the two previous plans combined.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the opportunity to create a private profile. Both of these options, on top of all the advantages that you can utilize to the fullest potential. If you’re in search of an option that gives all the features you need to be trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly provides a variety of other services they provide. One of them is the online store, which lets users pick from a range of instructional videos that are designed to inform and help you understand the ins and outs of trading. Each of the offerings listed on this page of the website can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and all other aspects of trading. There are also clips and scenes taken from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of services and features. You are probably familiar with the concept of chat rooms since you can see it across messaging and social platforms, in addition to a few special websites that offer live chat support. However, in Profit.ly, it is seen as a place where gurus and their member traders can communicate and exchange knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members. One might be more laid back and rarely active, while another may be more online and communicative in their interactions with students. Consider chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock trader types, from beginners to experienced pros. Considering the number of offers it can provide it is certain to have something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based content offered throughout the platform. Not only will they get daily videos and chat room tips from its in-house gurus as well as their members. They’ll also be able choose from the items on its store online that they can take with them wherever they go. You can also get hands-on experiences by trading through the platform, but ultimately, they will soon learn that this is a high stakes game that should not be viewed as a joke.
For the traders with decades of experience in the road, we consider Profit.ly as equally as suitable for them as it is for the newcomers. While the newbies may not be as proficient in dealing with trading issues, the pros already understand the way it functions and the plethora of risks that come with it. It is ideal to use Profit.ly’s range of features to their best advantage to improve their trading abilities. Like novices, they can study from the gurus and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others in order to guide them through the ever-illustrious trading process. Profitly Acad
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable traders across the globe with a wealth of education communications, trading, and communication tools
- You will be taught by experts and tips from the inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates – there truly is something for every person
- Profit.ly’s abundance of packages and services offered could not be enough for a lot of its users
- As traders may opt to make any type of trade, there is an opportunity that some them may take advantage by selecting the best trades in order to increase the rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as its premium users are expected to immediately benefit from the number of services that the platform can provide
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The Final Concluding Question: Is Profit.ly Valued?
If we could think of the answer, it would be yes. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t intended to be created in this way. Instead, you should have curiosity. Profitly Acad
What we mean”yes” is it could be a useful learning tool. For those who are struggling, they may be able to find Profit.ly’s array of resources to be helpful as they do their best to avoid losses and be more successful than before. Not only struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
If you really desire to be a better trader and want to learn from your peers and experts on the way, you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Profitly Acad
How do you use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries within the My Trade’ category of the dashboard that lets you record your trades, verifiable or not. There are three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there’s a high probability that it’s verifiable. This is evident by the blue check mark. If you post it manually or through screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving negative feedback from colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market all over the world.