The stock market can be an extremely risky game. On certain days, you could be reaping the benefits of positive and satisfying numbers. On other days you may experience the opposite and it could be extremely difficult to get back to where you were your peak. If you are constantly stuck in the gutter it is important be aware that relying solely on instinct and survival may not always be enough.
If you’ve experienced occasional losses You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve found a platform that can support you to improve your performance within the field. In this review, we’ll be taking the time to look at Profit.ly A well-respected 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 Community
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informed responsible, transparent, and to build relationships with each other by offering a wide range of features and tools including trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for those new to trading as well as a place for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Providing users with a wide range of resources to facilitate trade and communication and letting traders from all walks of life connect with one another. It also allows gurus to make worthy investments within the boundaries of this platform. Consider it a social media site akin the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it ensures that the trades are valid and won’t allow for fraud as much as is humanly possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes publication, Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never prior to.” The concept Sykes said served two purposes: 1) keeping track of public data for not just the gurus and students and newsletter writers as well as) allowing all users to be enlightened by both losses and wins for the trading industry’s benefit. Profitly Community
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of tools and services that are geared towards achieving success. You may set up an account for free, but you’re only limited to having the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offerings, which we will review in the coming days.
Setting up an account is simple: Create an account with your experience and expertise, connect to your brokerage account and you have yourself a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users an insight into their performance as a trading group as well as its gurus. It’s not just a way to demonstrate your worth to a large group of traders, but you can also use Profit.ly to shop from a guru with the assurance that you’re confident in their skills and the veracity of their assertions.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you can choose to publish your trades, either verified or otherwise, through screenshots. Also included in Profit.ly are the vast number of trading courses, the ability to view stats in a trader’s profile, and more ways to communicate with your gurus through the chatroom in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for under $5 for each share. The penny stock market could be viewed as an opportunity for small businesses to transition to a market that is larger as it gives them access to money from the general public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes will be able to tell you through his many years of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as a trader. When he was 25 years old Sykes was given greater exposure and an even wider impact as a participant in the reality TV show “Wall Street Warriors.” He then made use of the show to establish trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also played a role in establishing Profit.ly as a platform for openness, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational resources, trade alerts, as well as other useful information provided by the company’s internal gurus. These gurus refer to the experts in trading who have earned substantial amounts of money through their years of knowledge. Profitly Community
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of 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. With that taken into consideration, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS and Android devices, text, e-mail, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. At $149.95 per month, this is an ideal plan for those who are more involved in penny stock trading. Pennystocking Silver includes all the basic features found in the previous plan, such as alerts for swing trading and access to a rich library of over 7,000 educational videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly Community
The Superman Alerts plan is his offering of essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access daily premarket stock watchlist along with the mobile app, the 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, plus access to an extensive base of knowledge that is provided by Superman himself through his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. In addition, you’ll also get access to premium research reports and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers that cater to traders with different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. Once you have signed up for this plan you’ll be offered a range of strong and indispensable trading tools, all one of them essential 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 package is the ability to confirm 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 onto leaderboards; study the results of your analysis, sort, and filter your trades and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. While it may look attractive just by the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re looking to gain an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows you to take advantage of the majority of features available in The Novice package. In this plan, that you can set up an individual profile that allows you for sharing with fellow associate users all the insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to harness their expertise in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. Unlike the previous Novice package, you will not be able to see the statistics of other traders, which might be a drawback for those eager to try this new tier. Profitly Community
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. With $74.95 each month which includes a 22% discount for billing annually This plan offers everything. It gives you full, unlimited access to all features of the previous plans combined.
In addition, you’ll be able to see other users’ stats, but you’re also given the opportunity to create your own private profile. Both of these features, in addition to the advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve all the features you need to be trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly provides a variety of additional services that it can provide. One of them is the online store, which lets users pick from a range of instructional videos that are that are designed to educate and provide guidance on the ins and outs of trading. All of the products featured in this section of the website can be purchased immediately for personal use. These include best-selling products like the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are included in Profit.ly’s array of features and services. You are probably familiar with the concept of chat rooms since you will see it on social and messaging platforms and also on a few specialty websites that provide live chat assistance. But in Profit.ly, it is seen as a area where experts and members can interact and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members there. Some may be more laid back and rarely engaged, while another could be more online and communicative to their pupils. Think of chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, from novices to experienced professionals. Given the wide range of options it offers, the platform surely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. In addition, they will get daily videos and chat room advice from the in-house experts as well as their members. Additionally, they can select from the products from its online store to carry with them wherever they go. You can also get hands-on experiences by trading through the platform, but ultimately they’ll realize that this is a high stakes game that shouldn’t be taken as a joke.
For the traders with decades of experience in the line, we believe Profit.ly as equally as suitable for them as it is for those who are just starting. Although the novices might not be as adept at handling trading matters, the pros already understand the way it functions and the stack full of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s variety of features to their best advantage to enhance their trading abilities. Like novices, they can study from the gurus and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the fun! Trade professionals who are on the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to assist them in the ever-changing trading process. Profitly Community
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many 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 provided with excellent lessons and advice from the company’s internal experts, which include libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and authentic trader
- Apart from its main features, 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 photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for a lot of its customers
- Since traders can choose to open any kind of trade, there is the possibility that some of them could profit from cherry-picking the best trades to increase the rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as the premium customers are expected to instantly benefit from the number of services that the platform can provide
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The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with the answer, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t meant to be designed in this way. Instead, you need to have curiosity. Profitly Community
What we are referring to by ‘yes’ is that it is a fantastic learning tool. People who are stuck could be able to find Profit.ly’s range of resources useful in their efforts to incur lesser losses and be more successful than they did before. It’s not only the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly want to become better at trading and wish to learn from your mentors and peers on the way, look no further – Profit.ly may be a great option to begin.
FAQ Profitly Community
How do you use Profit.ly to make your trades public?
Profit.ly has a trade entry portion under the My Trade section of the dashboard that allows you to post your trades that are verified or not. You may choose between three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there’s a high chance that it is verifiable. This is indicated with the blue check mark. If you submit it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthentic trade is the chance of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities on the stock market all over the world.
