Stock trading can be a high-stakes game. On certain days, you may enjoy the benefits of pleasing and positive numbers. On other days, however you may experience the opposite and it can be very difficult to return to where you were at your peak. If you find yourself always in the mud it is important to recognize that relying on your instincts and preserving may not always be enough.
If you’ve experienced loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the globe, which is why we’ve found a platform that can support you to improve your performance within the field. In this review, we’ll take the time to 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 Dan Irish
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of all levels to be informed and accountable, as well as transparent and uplifting with each other by offering a wide range of features and tools including trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for people who are just beginning their journey and also as a platform for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Providing users with a wide array of options for trade and communication and letting traders from every field of business connect with each other. It gives the gurus an opportunity to invest in the right areas that the site. Think of it as an online social media platform similar the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The trading platform is built on trust and transparency. it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been done before.” This idea, he added, served two goals: 1.) keeping track of public data for everyone, not just the experts and newsletter writers and students as well as) allowing everyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Profitly Dan Irish
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of tools and services that are geared towards achieving achievement. It is possible to create an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is simple: Create an account that includes your personal information and skills, join to your brokerage account, and you have yourself a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a look at the performance of the trading community and its gurus. You’re not just allowed to demonstrate value to a community of traders. You can also use Profit.ly to buy with a guru, and have the assurance that you’re comfortable in their skills and the veracity of their claims.
If you’re not comfortable with the idea of sharing the details of your broker account then you could choose to publish your trades, either verified or otherwise, through screenshots. Included in Profit.ly is the huge selection of trading courses and the capability to see stats in a trader’s profile, and more ways to interact with your experts through the chatroom in addition to email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at under $5 for each share. The trading of penny stocks could be viewed as a stepping stone for small-scale businesses to make the transition to a large marketplace as it allows them to access money from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as a trader. At the age of 25 Tim Sykes had received greater exposure and a larger reach of influence when he was a part of the reality series “Wall Street Warriors.” He then took advantage of it to create trading rooms as well as penny stock themes and educational material aimed at those who are new to the trading field. He also helped establish Profit.ly as a place for transparency and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have made substantial profits from their combined years of experience. Profitly Dan Irish
At its height, Profit.ly had housed up to five gurus, all of them an expert in their niche in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you will see him focus on the fundamental stock catalysts and use them to anticipate the next move that is possible when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS and Android devices, email, text and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month this is an ideal plan for those who are more involved in the penny-stock market. Pennystocking Silver includes all the basic features that were included in prior plans, such as swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos and new videos released each week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Dan Irish
The Superman Alerts plan is his package of vital features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket and the mobile app, the daily market commentary in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge of information provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. On top of that, you’ll also get access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave your mark on the field, Profit.ly has the right amount of resources to get you going. The platform has three membership tiers that are designed to accommodate traders at different levels. Let’s take a look at what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. Once you have signed up for this plan you’ll be provided with a variety of powerful and essential trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can do with Profit.ly’s Novice package is the capability to check trades and track profits as well as leading, following and even texting your fellow traders, as well as giving feedback on the trades of today. It also allows you to be onto leaderboards; study the results of your analysis, sort, and filter your trades and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it looks attractive simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your personal information public. If you do want to gain an account with this option, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader plan allows users to benefit from a majority of features from the Novice plan. This plan allows that you can set up a private profile to share with fellow associate users all the insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to develop their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. Unlike the previous Novice package, you will not be able view other traders’ stats this could be a disadvantage for those looking forward to this tier. Profitly Dan Irish
The Professional plan can be described as the highest luxurious package Profit.ly could offer for seasoned traders. At $74.95 each month which includes 22% off for billing annually, this tier has it all. You get full, no-holds-barred access to all features from the two previous plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the opportunity to create a private profile. These two features are in addition to the advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve all the features you need to be trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly provides a variety of more services it has to provide. One of them is the online store, which lets users choose from a wide array of video products that are designed to educate and provide guidance on the ins and outs of trading. The products listed in this section of the website can be bought immediately for your personal use. These include best-selling products such as the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and all other aspects of trading. There are also clips and footage from the Annual Pennystocking Conference, and other products by expert traders.
The integrated chat rooms are as well part of Profit.ly’s range of features and services. You are probably familiar with the concept of chat rooms since 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 it’s seen as a hands-on place where gurus and their members trade and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members there. Some may be a laid-back person who is not very often engaged, while another could be more online and communicative to their pupils. Think of the chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock trader types, from beginners to experienced pros. Given the wide range of options it can provide it is certain to have something for everyone.
For instance, newbies can take advantage of Profit.ly’s library of learning information available on the platform. Not only will they be provided with videos every week and chat room advice from the in-house experts and members. Additionally, they can pick from the merchandise available from its online store to carry with them wherever they may be. They can also gain hands-on experiences by trading through the platform, but eventually, they will soon learn that this is a risky game that should not be viewed as an amusing pastime.
For the traders with many years of experience down the line, we believe Profit.ly equally suitable to them as the newcomers. While the newbies may not be as proficient in dealing with trading issues but the experts already know how it works along with the stack full of risks that come 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 experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the excitement! Trade professionals who are on similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others in order to navigate them through the ever-changing trading process. Profitly Dan Irish
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You will receive excellent training and advice from the company’s inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There’s something for every person
- Profit.ly’s bountiful stream of packages and products offered may be too much for the majority of its customers
- If traders decide to post any kind of trade, there is a possibility that some of them could profit from selecting the best trades in order to improve their ratings this could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as the premium customers are expected to instantly benefit from the number of features the platform is able to provide
The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could think of an answer to this question, it would be yes. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always intended to be created for this reason. Instead, you should have an open mind. Profitly Dan Irish
What we do mean”yes” is it could be a useful learning tool. For those who are struggling, they could be able to find Profit.ly’s array of resources helpful when they try their best to incur lesser losses and be more successful than before. It’s not only the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you truly want to become better at trading and wish to learn from your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Profitly Dan Irish
How do you use Profit.ly to post your trades?
Profit.ly has an entry section for trades in the ‘My Trade section of the dashboard that allows you to post your trades, either verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your transactions
How do I know whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s a high 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 screenshots, it will automatically be classified as unverified.
The disadvantage of an unverified trade is the risk of getting downvotes from your fellow peers. Too many downvotes may cause you to be listed on the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market all over the world.