Stock trading can be an exciting game with high stakes. On certain days, you could have the benefit of positive and satisfactory numbers. However, on other days it could be the reverse and it could be extremely difficult to return to where you were your peak. If you’re constantly stuck in the gutter You will need to realize that relying on instinct and survival may not always be enough.
If you’ve been incurring losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe. That’s why we’ve discovered an option that can help you in your improvement in the market. In this review, we’ll take the time to look at Profit.ly is a well-known one-stop 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profitly Founders
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits 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 like trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for traders who are just beginning their journey and as a hub 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 network with each other. It offers gurus with worthy investments within the boundaries of the platform. Imagine it as an online social media platform similar to Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been previously done.” The concept, he added, served two objectives: one) creating public track records for everyone, not just the experts, but also the students and newsletter writers, and 2) allowing all users to learn from both the wins and losses to the benefit of the trading industry. Profitly Founders
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of services and features geared toward the success of their business. It is possible to create an account at no cost, however you’re limited to the capability to browse the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s offers, which we will go over shortly.
Making an account easy: create a profile with your experiences and skills, join to your brokerage account and you have yourself the chance to climb your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a look at the performance of the trading community as well as its experts. It’s not only a chance to demonstrate that you’re worthy to the large group of traders, but you are also able to use Profit.ly to buy with a professional with the assurance that you’re confident in their skills and the credibility of their claims.
If you are unsure about the idea of sharing the details of your broker account you may opt to post your trades, whether verified or otherwise, through photographs. In Profit.ly are the vast number of trading courses and the capability to see statistics on a person’s profile and other methods to communicate with your gurus through the chatroom along with notifications via email or text 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 trades in penny stocks. According to Investopedia Penny stock is a small business’s stock which trades at under $5 for each share. The penny stock market is an avenue for small-scale businesses to make the transition into a larger market because they can access capital from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes will be able to tell you thanks to his years of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million earnings throughout his illustrious career as a trader. When he was 25 years old, he had been given greater exposure and an even wider influence over time when he became part of the reality series “Wall Street Warriors.” Then, he made use of the show to create trading rooms and penny stock themes and educational material aimed at those who are new to the trading field. 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 with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have made substantial amounts of money from their collective years of knowledge. Profitly Founders
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their niche in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on this platform: the 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 take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS and Android devices, as well as texts, emails, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 for a month it is a great option for investors who are invested in the penny-stock market. Pennystocking Silver includes all the basic features of earlier plans which includes alerts for swing trading and access to an extensive library of more than 7,000 instructional videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Profitly Founders
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket and the mobile app, the daily market updates in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge that is provided by Superman himself via the Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. On top of that you’ll also gain the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers that cater to traders at different levels. Let’s break down what these three tiers are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. Once you have signed up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your fingers on what could call a ruthless process by itself.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to verify trades and track profits; leading, following, and even messaging your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze, sort, and filter your trades and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re looking to gain access to this feature, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets users to benefit from many of the features of the novice plan. This plan allows that you can create an account that is private for sharing with fellow associate users all your knowledge and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to develop their skills in trading. As nice as it seems but there’s one important feature that is missing. Unlike the previous Novice package, you will not be able to see other traders’ statistics this could be a disadvantage for those who are anticipating this level. Profitly Founders
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. At $74.95 each month which includes 22% off for annual billing the Pro plan has it all. It gives you full, unlimited access to all the features from the two previous plans combined.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the opportunity to create your own private profile. These two features are plus the other advantages you’ll be able to use to the maximum extent. If you’re looking for an option that gives you everything you need as a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly has a few other services they provide. One of them is the online store, which allows users to choose from a wide array of video products designed to inform and guide you through the nuances and pitfalls of trading. The products listed on this page of the site can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and clips of the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of features and services. You may be familiar with the concept of the chat room since you can find it throughout social and messaging platforms in addition to a few special websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a place where gurus and their member traders can communicate and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members. Some may be more laid back and less engaged, while another could be more interactive and online with their students. Think of chat rooms as Profit.ly’s version of the forum in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, ranging from novices to experienced professionals. Considering the number of offers it has to offer it is certain to have something for all.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. They will also be provided with videos every week and chat room advice from its in-house gurus and their members. Additionally, they can pick from the merchandise available on its store online to carry with them wherever they may travel. Additionally, they can gain practical experiences from trading within the platform, but ultimately, they will soon learn that the process is a risky game that should not be viewed as a joke.
For traders who have many years of experience down the line, we believe Profit.ly equally suited for them as it is for those who are just starting. While the newbies may not be as well-equipped with handling trading matters however, experienced traders know how it works and the stack full of risks that it carries. Ideally, they may utilize Profit.ly’s variety of options to their maximum advantage to enhance their skills in trading. As beginners, they are able to learn from the experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Verified experts can also join in the enjoyment! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to navigate them through the ever-changing trading process. Profitly Founders
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with tons of learning communications, trading, and communication tools
- You get to receive excellent training and tips from the in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via images
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There’s something for everyone
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for the majority of its customers
- As traders may opt to open any kind of trade, there’s 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 does not offer refunds as its premium users will immediately take advantage of the numerous features the platform is able to offer
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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 an affirmative “yes”. However, you must realize that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally meant to be designed for this reason. Instead, you should have an open mind. Profitly Founders
What we are referring to”yes” is that it is a fantastic learning tool. Those who may be stuck may discover Profit.ly’s array of resources useful in their efforts to incur lesser loss and perform better than they did before. It’s not just the struggling traders who will profit from the platform. It can accommodate beginners and even experts!
If you truly want to become better at trading and wish to be taught by your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Profitly Founders
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries in the “My Trade’ category of the dashboard. It lets you post your trades, verifiable or not. There are three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your trades
What can I do to determine whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is evident by the small blue check. If you submit it manually or through images, it will be assigned as unverified.
The disadvantage of an unverified trade is the risk of receiving negative feedback from fellow peers. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Are 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 on the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 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 both right and left.