The stock market can be a high-stakes game. On some days, you might have the benefit of positive and satisfactory numbers. On other days, however you may experience the opposite and it could be very difficult to get back to where you were at your best. If you are always in the mud You will need be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve experienced losses from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve discovered an online platform that will help you to improve your performance within the field. In this review, we’ll take an in-depth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profitly As A Business
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informative, transparent, accountable, and encouraging each other by offering a wide array of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for those new to trading and as a hub for experienced traders to track their performance through the use of cutting-edge analytics tools. Offering users a broad range of resources to facilitate trade and communication, it helps traders from all walks of life network with one another. It also allows gurus to make worthy investments within the boundaries of the platform. Consider it a social media site akin like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the transactions are legitimate and will not allow for fraud as much as possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes declared that Profit.ly was based “on showing every trade, something that has never been prior to.” This idea was, he said, serving two objectives: one) creating public track records for everyone, not just the experts as well as students and newsletter writers, and 2) making it possible for everyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Profitly As A Business
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of features and services aimed towards achieving success. It is possible to create an account for free, but you’re limited to access to the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s offers that we’ll review in the coming days.
Setting up an account is simple: Create an account with your experience and skills, join to your brokerage account and you’ll be given the chance to climb through the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users an insight into the performance of the trading community and its experts. You’re not just allowed to prove your worth to a community of traders, as you can also use Profit.ly to buy with a professional with the assurance that you’re confident of their knowledge and the veracity of their claims.
If you feel uneasy with the idea of divulging your brokerage account, you can opt to post your trades, verified or not, via photographs. Included in Profit.ly is the huge selection of trading courses and the capability to see the stats of a trader’s account and other methods to communicate with your gurus via chatrooms along with 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 his involvement in the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at less than $5 per share. The trading of penny stocks is an avenue for small-scale businesses to make the transition into a larger market because it gives them access to capital from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal thanks to his years of experience.
Beginning in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as a trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” He made use of the show to develop trading rooms, penny stock themes, as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a platform for 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 amazing features is the variety of education resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have made significant amounts of profit from their collective years of expertise. Profitly As A Business
At its height, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you will observe him focus on 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 and the mobile app that’s available for iOS as well as Android devices, as well as texts, emails and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. It costs $149.95 per month, it is an ideal plan for those who are more invested in penny stock trading. Pennystocking Silver includes all the basic features of prior plans, including swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly As A Business
The Superman Alerts plan is an package of vital features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist along with the mobile app, daily market commentary in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge that is provided by Superman himself through the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. In addition, you’ll also get the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to get you going. The platform has three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. As you sign to this plan, you will be immediately offered a range of strong and essential trading tools, all one of them essential in keeping your fingers on what we could call a ruthless process in and of itself.
The list of features you can do using Profit.ly’s Novice program is the capability to check trades and track profits and follow-up, leading, and even messaging your fellow traders, as well as providing feedback on trades today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone, there is a downside. You can’t create a private account, making your activities publicly available. If you do want to get the benefit of this service, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use a majority of features from the Novice plan. In this plan, that you are able to create an account that is private for sharing with fellow associate users all the insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to improve their skills in trading. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, you will not be able to see other traders’ stats this might be a drawback for some who may be anticipating this level. Profitly As A Business
Pro Plan
The Pro plan is the highest premium package that Profit.ly can offer to experienced traders. At $74.95 per month, which includes 22% off for billing annually the Pro plan has it all. It gives you full, unlimited access to all options of the previous plans.
Not only do you get to view other people’s stats as well, you’re also offered the opportunity to create a 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 trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly provides a variety of additional services that it can offer. One of these is its online store, which allows users to pick from a range of video products designed to inform and guide you through the nuances and pitfalls of trading. All of the products featured in this section of the website can be purchased immediately for personal use. Among these products include best-sellers such as the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other related to trading, videos and footage from 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 variety of services and features. You are probably familiar with the chat room since you can see it across social and messaging platforms as well as some specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a space where experts and their member traders can communicate and share knowledge in real-time. Every guru has their own way in running their chat rooms and in dealing with the members there. Some may be a laid-back person who is less active, while another might be more active and in touch in their interactions with students. Think of the chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock trader types, from novices to experienced professionals. With the variety of deals it has to offer it is certain to have something for everyone.
Newbies, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. They will also get daily videos and chat room advice from its in-house gurus as well as their members. Additionally, they can pick from the merchandise available in its online store that they can take with them wherever they go. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll realize that trading is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we believe Profit.ly as equally as suitable to them as people who are just beginning. Although the novices might not be as proficient in managing trading but the experts already know how it works along with the stack full of risks that come with it. In the ideal scenario, they can utilize Profit.ly’s range of options to their maximum advantage to develop their skills in trading. As beginners, they are able to learn from the experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the fun! Trade professionals 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 skill to others in order to navigate them through the ever-changing trading process. Profitly As A Business
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You get to be taught by experts and tips from the internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There’s something for all
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its users
- As traders may opt to post any kind of trade, there’s a possibility that some of them will profit by selecting the best trades in order to improve their ratings This could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as the premium customers will immediately take advantage of the numerous services the platform has to offer
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The Final Concluding Question is: Is Profit.ly worth it?
If we were able to come up with the answer, it’s a ‘yes’. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. 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. Profitly As A Business
What we do mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they may discover Profit.ly’s array of resources to be helpful as they do their best to incur lesser loss and perform better than they did before. It’s not only the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being a better trader and want to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Profitly As A Business
How can you make use of Profit.ly to publish your trades?
Profit.ly offers a trade entry portion in the ‘My Trade’ category of the dashboard that lets you post your trades, verifiable or otherwise. There are three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
How do I know whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there is a high chance that it is verifiable. This is evident by the small blue check. If you submit it in a manual way or by taking images, it will be assigned as unverified.
The drawback of posting an unverified trade is the chance of receiving downvotes from fellow peers. A large number of downvotes could cause you to show up in the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities in the stock market left and right.
