Stock trading can be an extremely risky game. Some days, you may be reaping the benefits of positive and satisfying numbers. On other days, however it could be the reverse and it could be very difficult to get back to the point you were at your best. If you are immersed in the water, you will have to recognize that relying on pure instinct and preservation might not be enough.
If you’ve suffered losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from fellow traders from around the world, which is why we’ve found a platform that can support you to improve your performance in the industry. In this review, we’ll take the time to 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profitly Beneath The Margins
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 all levels to be informative and accountable, as well as transparent and uplifting with one another through its wide variety of tools and features such as trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for traders new to trading as well as a place for experienced traders to track their performance with the help of advanced analytics tools. Providing users with a wide array of options to facilitate trade and communication and letting traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas of the platform. Imagine it as a social media site akin the likes of Facebook and Reddit but with a focus on traders and experts.
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 transactions are legitimate and will not allow for fraud as much 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.
One time , during an interview with Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never done before.” This idea was, he said, serving two goals: 1.) creating public track records for everyone, not just the experts as well as newsletter authors and students, and 2) giving everyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Profitly Beneath The Margins
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of services and features geared toward the success of their business. It is possible to create an account at no cost, however you’re only given the capability to browse the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and knowledge, then connect 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 leaders’ board feature as previously mentioned, is designed to give its users a glimpse of the performance of the trading community and its experts. It’s not only a chance to demonstrate that you’re worthy to the group of traders, but you are also able to use Profit.ly to buy from a guru with the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, then you could opt to post your trades, either verified or not, via pictures. In Profit.ly is the huge selection of trading courses as well as the ability to look at statistics on a person’s profile, and more ways to connect with your gurus in 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 trader who has been famously known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at just less than 5 cents per share. The penny stock market can be seen as an avenue for small businesses to transition to a large marketplace as it gives them access to capital from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes is sure to reveal through his many years of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as trading professional. At the age of 25 Tim Sykes had received greater exposure and an even wider influence over time as a participant in 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 trading. He also helped to establish Profit.ly as a platform for transparency, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the experts in trading who have proven to make substantial profits from their collective years of experience. Profitly Beneath The Margins
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their niche in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on this platform: the 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 we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him focus on the fundamental stock catalysts and use them to predict the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS and Android devices; email, text and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. It costs $149.95 per month, this is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in earlier plans which includes swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly Beneath The Margins
The Superman Alerts package is his package of vital features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile app, the daily market commentary shown 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 a knowledgeable base provided by Superman himself, via his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. On top of that, you’ll also get the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to help you going. The platform has three membership tiers, each designed for traders of different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. When you sign to this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, all of which is essential to keep your fingers on what can describe as a cutthroat process in and of itself.
The list of features you can do using Profit.ly’s Novice program is the ability to confirm trades and track profits and follow-up, leading and even texting your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze, sort, or filter the trades you make; and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your actions public. If you do want to get access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to take advantage of a majority of features from The Novice package. This plan allows that you are able to create an account that is private to share with fellow associate users all the insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to harness their expertise in trading. As nice as it seems however, there’s a crucial feature that is missing. Unlike the previous Novice package, you will not be able view the statistics of other traders this could be a problem for those anticipating this level. Profitly Beneath The Margins
Pro Plan
This is by far the most premium package that Profit.ly could offer for seasoned traders. With $74.95 monthly, and an additional 22% discount for annual billing the Pro plan has everything. You get full, no-holds-barred access to all features from the two previous plans combined.
In addition, you’ll be able to view other people’s stats, but you’re also given the opportunity to create your own private profile. Both of these features, plus the other advantages that you can utilize to the maximum extent. If you’re looking for an option that gives you everything you need as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly has a few more services it has to provide. One of them is the online store, where customers can pick from a range of instructional videos that are created to help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and footage of 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 chat room since you can find it throughout social and messaging platforms in addition to a few special websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a real-time place where gurus and their member traders can communicate and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the listed members there. Some may be laid back and not very often active, while another might be more interactive and online to their pupils. Think of chatrooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety 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.
For instance, newbies will enjoy Profit.ly’s library of learning content offered throughout the platform. Not only will they get daily videos and chat room tips from its in-house gurus and their members. Additionally, they can select from the products in its online store that they can take with them wherever they travel. They can also gain hands-on experiences from trading within the platform, however, they will soon learn that this is a risky game that shouldn’t be taken as an amusing pastime.
For the traders with many years of experience down the line, we see Profit.ly as equally as suitable to them as the newcomers. While novice traders may not be as proficient in handling trading matters, the pros already understand how it works along with the stack full of risks that it carries. Ideally, they may use Profit.ly’s variety of options to their maximum advantage to improve their trading skills. Like beginners, they can learn from the experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the enjoyment! Trade professionals who are at an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others in order to navigate them through the ever-changing trading process. Profitly Beneath The Margins
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You’ll be taught by experts and advice from the company’s inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable 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 variety of subscription levels and guru packages are priced at affordable rates There is truly something for every person
The Cons
- Profit.ly’s numerous packages and services offered could seem overwhelming for the majority of its customers
- As traders may opt to post any kind of trade, there is the possibility that some of them could profit from selecting the best trades in order to increase the rating This could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds as the premium customers are expected to instantly benefit from the number of features the platform is able to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it’s an affirmative “yes”. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform was not always meant to be designed in this way. Instead, it is best to keep the ability to think with an open heart. Profitly Beneath The Margins
What we do mean by ‘yes’ is that it could be a useful learning tool. People who are stuck might be able to find Profit.ly’s variety of resources to be helpful as they do their best to reduce losses and be more successful than before. Not only struggling traders who will profit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely desire to be better at trading and wish to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Profitly Beneath The Margins
How can you make use of Profit.ly to publish your trades?
Profit.ly includes an entry section for trades under the ‘My Trade category on the dashboard that lets you record your trades that are verified or otherwise. You may choose between three options:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is an excellent chance that it is verifiable. This is shown by the small blue check. If you post the information manually or via images, it will be classified as unverified.
The downside of having an unauthentic trade is the risk of getting downvotes from your colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just trying to maximize profits but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.
