Stock trading is an exciting game with high stakes. Some days, you may be reaping the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen, and it may sometimes be very difficult to get back to where you were your best. If you are always in the mud, you will have to realize that relying on instinct and survival may not always be enough.
If you’ve suffered loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe. That’s why we’ve identified a platform that can support you to improve your performance in the industry. In this review, we’ll be taking the time to look at Profit.ly is a well-known 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Profitly Around Me
Users 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 encouraging each other by offering a wide range of features and tools including chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for traders who are starting out and also as a platform for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. Offering users a broad variety of tools for trade and communication that help traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines that the site. Consider it a social media site akin to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are valid and won’t accept fake news as long as it is 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 an interview for Forbes magazine, Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been prior to.” This idea, he added, served two goals: 1.) keeping track of public data for all traders, not just the gurus and newsletter authors and students as well as) giving everyone on the platform to learn from the losses and wins to benefit the industry of trading. Profitly Around Me
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of features and services aimed at achieving the success of their business. You may set up an account there at no cost, however you’re limited to the capability to browse the leaderboard and observe 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 it is necessary to join one of Profit.ly’s offers that we’ll review in the coming days.
Making an account easy: create an account with your experience and expertise, connect your brokerage account, and you’ll have a chance to shoot your way to high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users a look at the performance of the trading community as well as its experts. It’s not only a chance to show your worth to a group of traders, but you can also utilize Profit.ly to purchase with a professional with the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the concept of leaking the details of your broker account you can decide to share your trades, verified or not, by taking screenshots. Also included in Profit.ly are a variety of trading classes as well as the ability to look at statistics on a person’s profile as well as other ways to communicate with your gurus in the chatroom, as well as text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for less than $5 per share. The trading of penny stocks could be viewed as an avenue for small businesses to transition to a large marketplace as they can access capital from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes is sure to reveal thanks to his years of expertise.
Beginning at the end of his time in high school, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as a trader. When he was 25 years old Tim Sykes had received greater exposure and a larger impact as a participant in the reality TV show “Wall Street Warriors.” Then, he took advantage of it 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 helped establish Profit.ly as a place of transparency and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have earned significant amounts of profit from their combined years of knowledge. Profitly Around Me
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS and Android devices, texts, emails 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. It costs $149.95 monthly, this is the perfect plan for those who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features of the previous plan, such as alerts for swing trading and access to a rich collection of more than 7,000 educational videos, with new ones released weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading profits. Profitly Around Me
The Superman Alerts plan is an offering of essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket and the mobile app, the daily market updates in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge of information provided by Superman himself, via his Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally you’ll also have the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave your mark on the field, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership tiers that cater to traders of different levels. Let’s take a look at what these three are and how much they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. As you sign to this plan you’ll be offered a range of strong and indispensable trading tools, each of them integral in keeping your fingers on what we could call a ruthless procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, and filter your trades and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. Although it looks attractive just by the price, there is a downside. It isn’t possible to create a private profile, thus making your actions public. If you do want to have an account with this option, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package allows you to take advantage of a majority of features from the novice plan. It is in this plan that you are able to create an account that is private to share with fellow associate users all your knowledge and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to develop their expertise in trading. Although it’s a nice thing, there is one significant aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to view other traders’ statistics this might be a drawback for those eager to try this new tier. Profitly Around Me
The Pro plan is the highest expensive plan Profit.ly can offer to experienced traders. With $74.95 per month, which includes an additional 22% discount when billed annually This plan offers it all. It gives you full, unlimited access to all features of the prior plans.
You’re not only able to look at other people’s statistics, but you’re also given the option of creating an individual profile. Both of these features, plus the other benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve all the features you need to be an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly has a few additional services that it can offer. One of these is its online store, where customers can choose from a wide array of videos created to guide you through the nuances and pitfalls of trading. The products listed in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, as well as all aspects of trading. There are also clips and clips taken from events like the Annual Pennystocking Conference, and products from other expert traders.
The integrated chat rooms are included in Profit.ly’s range of services and features. You are probably familiar with the concept of the chat room since you will see it on social and messaging platforms, and also on a few specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a real-time place where gurus and their members trade and learn in real time. Each guru has their style when it comes to running their chat room and dealing with the listed members. Some may be a laid-back person who is rarely active, while another may be more active and in touch in their interactions with students. Think of the chatrooms as Profit.ly’s version of a forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock trader types, from novices to experienced professionals. Considering the number of offers it offers this platform definitely has something for all.
For instance, newbies can take advantage of Profit.ly’s knowledge-based materials available across the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus and their members. Additionally, they can select from the products from its online store that they can take with them wherever they may be. They can also gain hands-on experiences by trading through the platform, but eventually 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 road, we consider Profit.ly equally suitable to people who are just beginning. While the newbies may not be as adept at dealing with trading issues however, experienced traders know how it works along with the stack full of risks that come with it. It is ideal to make use of Profit.ly’s range of options to their maximum advantage to develop their skills in trading. Like beginners, they can learn from the experts and experts , and use those short tips and tricks to help them along.
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 fun! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others in order to navigate them through the ever-changing trading process. Profitly Around Me
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You will receive excellent training and insights from its in-house gurus, including libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost – there truly is something for all
- Profit.ly’s numerous packages and services offered could seem overwhelming for a lot of its users
- If traders decide to open any kind of trade, there’s an opportunity that some them could profit from picking the most profitable trades to improve their ratings – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as its premium users are expected to instantly benefit from the many services that the platform can provide
The Final Concluding Question: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t intended to be created in this way. Instead, you need to have an open mind. Profitly Around Me
What we do mean”yes” is it can be a great learning tool. For those who are struggling, they might discover Profit.ly’s array of resources helpful when they try their best to reduce losses and be more successful than they did before. It’s not only the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you really desire to be a better trader and want to be taught by your mentors and peers along the way, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Profitly Around Me
How do you use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries in the My Trade category on the dashboard that allows you to post your trades, either verified or not. You may choose between three options:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there’s the chance that it is verifiable. This is evident by the blue check mark. If you post it in a manual way or by taking pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving negative feedback from colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are trying to maximize 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.