The stock market can be an extremely risky game. On some days, you might enjoy the benefits of positive and satisfactory numbers. On other days, the opposite may happen, and it may sometimes be very difficult to get back to the point you were at your best. If you find yourself always in the mud You will need to realize that relying on your instincts and preserving may not always be enough.
If you’ve experienced losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an important boost from colleagues in the market from all over the world, which is why we’ve found a platform that can support you in your growth within the field. This review will take an in-depth 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.
Total Rating: 4.1/5 Profitly Contact
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of various levels to be informative responsible, transparent, and to build relationships with one another through its wide variety of tools and features such as chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for traders who are starting out as well as a place for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. It provides users with a vast variety of tools for trade and communication that help traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries that the site. Consider it a social media site akin the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the transactions are legitimate and will not allow for fraud as much as it is possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been done before.” The concept Sykes said served two objectives: one) creating public track records for not just the gurus, but also the newsletter authors and students and secondly) making it possible for anyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Profitly Contact
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of features and services aimed toward the success of their business. You may set up an account at no cost, however you’re only limited to having the capability to browse the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
The process of opening an account is easy: create a profile with your experiences and expertise, connect to your brokerage account and you’ll have a chance to shoot your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users an insight into the performance of the trading community as well as its experts. It’s not just a way to show that you’re worthy to the large group of traders. You are also able to use Profit.ly to buy with a guru, and have the assurance that you’re comfortable of their knowledge and the credibility of their claims.
If you feel uneasy with the idea of divulging your brokerage account, then you could decide to share your trades, whether verified or not, by taking screenshots. In Profit.ly are a variety of trading classes, the ability to view stats in a trader’s profile, and more ways to interact with your experts in the chatroom, as well as text and e-mail alerts and 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 trades in penny stocks. According to Investopedia Penny stock is a small business’s stock that trades for under $5 for each share. The penny stock market can be seen as an opportunity for small companies to move into a larger market because it allows them to access capital from the 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 high school, Tim Sykes has, since then, made an estimated $6 million profit throughout his illustrious career as trader. At the age of 25 Tim Sykes had received greater exposure and a larger impact when he became part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to create trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of transparency and for the community to lift each other up 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 sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have made substantial profits from their combined years of experience. Profitly Contact
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, however, only two gurus remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you will be able to see him concentrate on the basic stock catalysts and employ them to forecast the next move that is possible when making trades.
A standalone purchase from 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 that has been upgraded of the Tim’s Alerts package. It costs $149.95 per month, this is a great option for those who are involved in penny stock trading. Pennystocking Silver comes with all the standard features of the previous plan, such as swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos and new videos 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 both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Profitly Contact
The Superman Alerts package is his package of vital features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist as well as the mobile application, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base provided by Superman himself, via his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. Additionally, you’ll also get the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to get you started. The platform has three membership levels that cater to traders of different levels. Let’s take a look at what these three tiers are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. When you sign up for this plan, you will be immediately offered a range of strong and indispensable trading tools, each one of them essential in keeping your hands on what we call a competitive procedure in its own.
Among the list of things you can do using Profit.ly’s Novice package include the ability to confirm trades and track profits as well as leading, following and even texting your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re looking to get access to this feature, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to take advantage of many of the features of the Novice plan. This plan allows that you are able to create an individual profile that allows you to share with other associate users all the insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to improve their expertise in trading. While it’s nice but there’s one important feature that is missing. Unlike the previous Novice package, this one won’t be able to view other traders’ statistics that could be a problem for those looking forward to this tier. Profitly Contact
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. At $74.95 each month and 22% off for billing annually the Pro plan has it all. You get full, no-holds-barred access to all features of the prior plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the option of creating a private profile. These two features are plus the other benefits that you can use to the fullest potential. If you’re in search of an option that gives you everything you need as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly has a few other services they offer. One of these is its online store, which allows users to pick from a range of instructional videos that are that are designed to educate and guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be immediately purchased for personal use. These include best-selling products such as the “Trading Tickers” series by trading expert 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 clips taken from events like 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 range of features and services. You’re probably familiar with the concept of the chat room since you can find it throughout messaging and social platforms, as well as some specialty websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a real-time area where experts and members trade and learn in real time. Every guru has their own way in operating their chat room and in dealing with the members there. One might be a laid-back person who is rarely active, while another might be more online and communicative to their pupils. Think of the chat rooms like Profit.ly’s version of the forum, in the 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 traders, from novices to the most experienced. Given the wide range of options it has to offer this platform definitely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus and members. Additionally, they can choose from the items in its online store for them to take wherever they be. You can also get hands-on experience trading on the platform, however they’ll realize that the process is a high stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had many years of experience down the road, we consider Profit.ly equally suitable to them as people who are just beginning. While novice traders may not be as well-equipped with managing trading however, experienced traders know how it works and the plethora of risks associated with it. It is ideal to use Profit.ly’s range of features to their best advantage to enhance their trading abilities. As beginners, they are able to study from the gurus and experts , and use those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the enjoyment! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to help guide them through the ever-illustrious trading process. Profitly Contact
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders across the globe with tons of learning tools, communication, and trading tools
- You’ll receive excellent training and advice from the company’s in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via images
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost – there truly is something for everyone
The Cons
- Profit.ly’s abundance of packages and products offered may seem overwhelming for the majority of its customers
- Since traders can choose to open any kind of trade, there is a possibility that some of them will profit by selecting the best trades in order to boost their rating This could be a concern that should not be overlooked.
- Profit.ly will not allow refunds, as its premium users are expected to instantly benefit from the many services the platform has to offer
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The Final Verdict is: Is Profit.ly worth it?
If we could think of an answer to this question, it’s yes. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed to achieve this goal. Instead, it is best to keep an open mind. Profitly Contact
What we do mean”yes” is that it can be a great learning tool. For those who are struggling, they might find Profit.ly’s range of resources to be helpful when they try their best to reduce losses and be more successful than they did before. It’s not only the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you really care about being more successful in trading and would like to be taught by your peers and experts throughout the process, then look no further – Profit.ly may be a great alternative to start.
FAQ Profitly Contact
How can you make use of Profit.ly to post your trades?
Profit.ly has a trade entry portion in the “My Trade section of the dashboard which allows you to post your trades, either verified or not. There are three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your transactions
How do I know whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is indicated with the small blue check. If you post the information manually or via images, it will be classified as unverified.
The downside of having an unauthenticated trade is the risk of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are trying to maximize profits but also to help one another learn and improve in acquiring opportunities in the stock market both right and left.
