Stock trading can be an extremely risky game. On certain days, you might have the benefit of positive and satisfying numbers. On other days it could be the reverse and it can be very difficult to get back to where you were your peak. If you find yourself immersed in the water it is important to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered losses from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from trading partners from all over the globe. That’s why we’ve discovered a platform that can support you in your growth in the industry. In this review, we’ll take a look at Profit.ly, a well-recognized 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 Cost
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that allows traders of different levels to be informative, transparent, accountable, and encouraging each other by offering a wide variety of tools and features such as trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for traders new to trading and as a hub for experienced traders to track their performance through the use of sophisticated analytics tools. Offering users a broad array of options to facilitate trade and communication and letting traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries of this platform. Consider it the social media equivalent to Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was established many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that was never prior to.” The idea was, he said, serving two goals: 1.) making public records for all traders, not just the gurus and students and newsletter writers, and 2) allowing everyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Profitly Cost
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of services and features geared at achieving success. You may set up an account for free, but you’re only given the capability to browse the leaderboard and follow the actions 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 join one of Profit.ly’s offerings, which we will review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account, and you’ll be given a chance to shoot through high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users an insight into how the community of traders performs as well as its experts. It’s not only a chance to demonstrate that you’re worthy to the group of traders, as you are also able to use Profit.ly to shop with a guru, and have the confidence that you are confident in their skills and the veracity of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, then you could choose to publish your trades, whether verified or not, by taking screenshots. In Profit.ly is the huge selection of trading courses as well as the ability to look at the stats of a trader’s account, and more ways to communicate with your gurus through the chatroom as well as 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 well-known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock that trades for under $5 for each share. The penny stock market is a stepping stone for small companies to move to a large marketplace as it gives them access to money from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell because of his decades of experience.
Beginning in his late years in High School, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as a trader. At 25 years old Tim Sykes had received more exposure and a wider reach of influence as a participant in the reality show “Wall Street Warriors.” He took advantage of it to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a platform for transparency, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education tools, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have earned substantial profits from their combined years of expertise. Profitly Cost
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the field of trading. 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 the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 for a month you will see him focus on the 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, as well as the mobile application that is available for iOS as well as Android devices, as well as email, text and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. At $149.95 for a month it is the perfect plan for those who are committed to penny stock trading. Pennystocking Silver includes all the basic features of prior plans, including swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by 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 all-time trading earnings. Profitly Cost
The Superman Alerts package is his offer of the most essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket along with the mobile app, the daily market updates in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base that is provided by Superman himself through the Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. In addition you’ll also gain access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to get you going. The platform has three membership tiers, each designed for traders of different levels. Let’s look at what the three tiers are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. When you sign to this plan you’ll be offered a range of strong and essential trading tools, each of them integral in keeping your hands on what we call a competitive procedure in its own.
Some of the features you can do with Profit.ly’s Novice program is the ability to confirm trades and track profits as well as leading, following, and even messaging other traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze, sort, and filter your trades; and lastly, look at the statistics of other traders.
The Novice plan will cost $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 looking to have the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package lets you to take advantage of many of the features of the novice plan. It is in this plan that you are able to create a private profile to share with other associates all your insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to develop their expertise in trading. While it’s nice but there’s one important element that’s missing. Unlike the previous Novice package, this one won’t be able to see other traders’ stats this could be a disadvantage for some who may be eager to try this new tier. Profitly Cost
This is by far the most expensive plan Profit.ly can offer to experienced traders. With $74.95 monthly, which includes an additional 22% discount for annual billing This plan offers everything. You get full, no-holds-barred access to all features from the two previous plans.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the chance to create an individual profile. These two features are plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of an option that gives you with everything you require as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly offers a number of more services it has to provide. One of these is its online store, where customers can pick from a range of instructional videos that are that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. Among these products include best-sellers like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and all other related to trading, videos and clips of the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s variety of features and services. You may be 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 in Profit.ly the chat room is viewed as a hands-on space where experts and their members can interact and learn in real time. Every guru has their own style in operating their chat room and dealing with the listed members there. One of them may be more laid back and less engaged, while another could be more online and communicative with their students. Consider chat rooms 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 are geared towards the wide range of stock trader types, from novices to experienced professionals. Given the wide range of options it has to offer it is certain to have something for every person.
For instance, newbies will appreciate Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will get daily videos and chat room advice from the in-house experts and members. They’ll also be able choose from the items from its online store to carry with them wherever they be. 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 opportunity to make fun of.
For traders who have decades of experience in the line, we believe Profit.ly as equally as suitable to people who are just beginning. While the newbies may not be as well-equipped with handling trading matters but the experts already know how it works along with the plethora of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s range of options to their maximum advantage to improve their skills in trading. Like novices, they can learn from the top experts and experts , and use those short tips and tricks along the way.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to guide them through the ever-illustrious trading process. Profitly Cost
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with tons of learning, communication, and trading tools
- You will receive excellent training and tips from the internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out if something occurs.
- 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 unverifiable trades through images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There is truly something for all
- Profit.ly’s numerous packages and services offered could seem overwhelming for the majority of its users
- Since traders can choose to post any kind of trade, there’s an opportunity that some them will profit by picking the most profitable trades to increase the rating this could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds, as its premium users will immediately benefit from the number of services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could come up with the answer, it’s a ‘yes’. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally designed to be used in this way. Instead, it is best to keep the ability to think with an open heart. Profitly Cost
What we mean”yes” is it can be a great learning tool. For those who are struggling, they could be able to find Profit.ly’s range of resources to be helpful in their efforts to avoid losses and be more successful than before. Not only struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you truly care about being better at trading and wish to learn from your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Profitly Cost
How do you use Profit.ly to publish your trades?
Profit.ly has a trade entry portion under the “My Trade’ category of the dashboard which lets you post your trades, verifiable or not. You may choose between three choices:
- Linking your account to the broker of choice and import transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there is an excellent likelihood that it can be verified. This is shown by the blue check mark. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just seeking to make the most profit but also to help one another grow and learn more about acquiring opportunities on the stock market both right and left.