Stock trading can be an exciting game with high stakes. On some days, you may be reaping the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it could be extremely difficult to return to where you were at your best. If you find yourself immersed in the water, you will have to recognize 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 solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve found an option that can help you in your growth in the market. We’ll take a look at Profit.ly A well-respected single-stop social platform to trade!
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.
Overall Rating: 4.1/5 Profitly Beside The Market
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of various levels to be informative, transparent, accountable, and to build relationships with each other by offering a wide range of features and tools such as chat rooms, trade verification, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for traders who are just beginning their journey as well as a place for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Offering users a broad range of resources for trade and communication, it helps traders from all walks of life connect with one another. It offers gurus with worthwhile investments within the confines that the site. Imagine it as an online social media platform similar the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The trading platform is built on trust and transparency. it guarantees that the transactions are legitimate and will not allow for fraud as much as possible. It was established many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes declared that Profit.ly was based “on the transparency of every trade, something that was never done before.” The idea, he added, served two goals: 1.) creating public track records for everyone, not just the experts, but also the students and newsletter writers as well as) allowing anyone on the platform to learn from both the wins and losses to benefit the industry of trading. Profitly Beside The Market
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of services and features geared towards achieving achievement. You may set up an account there for free, but you’re limited to the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s deals, which we will review in the coming days.
Setting up an account is easy: create a profile with your experiences and expertise, connect to your brokerage account and you’ll be given a chance to shoot your way up to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a look at the performance of the trading community and its experts. It’s not only a chance to show that you’re worthy to the group of traders, as you are also able to use Profit.ly to buy from a guru with the assurance that you’re confident of their knowledge and the veracity of their assertions.
If you are unsure about the idea of sharing the details of your broker account then you could decide to share your trades, either verified or not, by taking pictures. In Profit.ly is the huge selection of trading courses and the capability to see 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 the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for under $5 for each share. The penny stock market can be seen as an avenue for small businesses to transition to a large marketplace as they can access capital from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes can surely tell thanks to his years of experience.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, earned an estimated $6 million earnings during his long and successful career as trader. When he was 25 years old, he had been given greater exposure and a larger impact as a participant in 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 new to trading. He also helped to establish Profit.ly as a platform for transparency, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have earned substantial profits through their years of knowledge. Profitly Beside The Market
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 per month, you’ll be able to observe him focus on basic stock catalysts and employ 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 app available for 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 premium version, with an upgraded version of Tim’s Alerts package. At $149.95 per month, this is a great option for those who are more committed to penny stock trading. Pennystocking Silver comes with all the standard features of the previous plan, such as 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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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading profits. Profitly Beside The Market
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared to those interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket along with the mobile application, daily market updates in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base of information provided by Superman himself via his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. On top of that you’ll also have an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave a mark in the field, Profit.ly has the right amount of tools to get you going. The platform has three membership levels that are designed to accommodate traders with different levels. Let’s break down what these three levels are and what they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. As you sign to this plan, you will be immediately offered a range of strong and indispensable trading tools, each of them integral in keeping your fingers on what can describe as a cutthroat process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit as well as leading, following and even chatting with your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make; and, finally, see other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive just by the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re interested in gain the benefit of this service, be watching for us to introduce to you Profit.ly’s new plan.
The Trader package allows users to benefit from a majority of features from The Novice package. It is in this plan that you can set up an account that is private to share with fellow associates all your insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to harness their trading skills. Although it’s a nice thing but there’s one important element that’s missing. As opposed to the prior Novice package, you won’t be able view other traders’ statistics, which could be a disadvantage for those who are eager to try this new tier. Profitly Beside The Market
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. At $74.95 each month and an additional 22% discount for annual billing the Pro plan has everything. It gives you full, unlimited 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. These two features are on top of all the benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve you everything you need as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly provides a variety of more services it has to provide. One of them is the online store, which lets users pick from a range of instructional videos that are created to help you understand the nuances and pitfalls of trading. The products listed in this section of the website can be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and scenes of The Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s range of features and services. You are probably familiar with the concept of the chat room as you can see it across social and messaging platforms and also on a few specialty websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and learn in real time. Every guru has their own style when it comes to running their chat room and in dealing with the members there. One of them may be more laid back and rarely engaged, while another could be more interactive and online in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, ranging from novices to experienced professionals. Given the wide range of options it has to offer it is certain to have something for every person.
Beginners, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. In addition, they will be enriched with weekly videos and chat room tips from the in-house experts and members. They’ll also be able to pick from the merchandise available on its store online to carry with them wherever they may go. Additionally, they can gain practical experiences from trading within the platform, however they’ll be able to realize that the process is a risky game that shouldn’t be treated as an amusing pastime.
For traders who have many years of experience down the line, we believe Profit.ly as equally as suitable to the newcomers. While the newbies may not be as proficient in managing trading but the experts already know the way it functions and the risky mix associated with it. In the ideal scenario, they can use Profit.ly’s variety of options to their maximum advantage to enhance their trading skills. Like beginners, they can study from the gurus as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Verified experts can also join in the fun! People in the trade industry who are on an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders as a way to help assist them in the ever-changing trading process. Profitly Beside The Market
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders from all over the world with tons of learning, communication, and trading tools
- You will be provided with excellent lessons and tips from the in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There is truly something for everyone
- Profit.ly’s bountiful stream of packages and services offered could be too much for most of its customers
- As traders may opt to make any type of trade, there’s an opportunity that some them could profit from cherry-picking the best trades to increase the rating This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds as the premium customers will immediately benefit from the number of features the platform is able to offer
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The Final Verdict: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally intended to be created for this reason. Instead, you need to have curiosity. Profitly Beside The Market
What we mean”yes” is it could be a useful learning tool. People who are stuck might find Profit.ly’s variety of resources useful when they try their best to incur lesser losses and be more successful than they did before. It’s not just the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become a better trader and want to learn from your mentors and peers on the way, look no further – Profit.ly could be a good option to begin.
FAQ Profitly Beside The Market
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries under the “My Trade’ category of the dashboard that allows you to post your trades, either verified or not. There are three options:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your trades
How do I know if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there is the likelihood that it can be verified. This is indicated with the small blue check. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of getting downvotes from your fellow peers. Too many downvotes may cause you to be listed on the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are seeking to make the most profit but also help each other grow and learn more about acquiring opportunities in the stock market left and right.