The stock market can be an exciting game with high stakes. On some days, you might enjoy the benefits of pleasing and positive numbers. On other days, however you may experience the opposite and it could be very difficult to return to the point you were at your most productive. If you’re always in the mud it is important be aware that relying solely on instinct and survival might not be enough.
If you’ve been incurring occasional losses You’ll need reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the world, which is why we’ve found an online platform that will help you in your improvement in the market. In this review, we’ll be taking 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profitly Gurus
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be informative and accountable, as well as transparent and encouraging one another through its wide variety of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for traders new to trading and also as a platform for experienced traders to track their performance using the aid of sophisticated analytics tools. Providing users with a wide array of options for communication and trade that help traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines of this platform. Consider it a social media site akin like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been done before.” The idea Sykes said served two objectives: one) creating public track records for not just the gurus as well as newsletter authors and students and secondly) making it possible for everyone on the platform to learn from both losses and wins to the benefit of the trading industry. Profitly Gurus
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of services and features geared at achieving success. It is possible to create an account at no cost, however you’re only limited to having the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s deals, which we will go over shortly.
Making an account easy: create an account that includes your personal information and expertise, connect to your brokerage account, and you have yourself the chance to climb your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a glimpse of their performance as a trading group and its gurus. It’s not only a chance to demonstrate that you’re worthy to the large group of traders, as you can also use Profit.ly to shop with a guru, and have the assurance that you’re comfortable of their knowledge and the veracity of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account you can decide to share your trades, verified or otherwise, through photographs. Included in Profit.ly are a variety of trading courses as well as the ability to look at the stats of a trader’s account as well as other ways to communicate with your gurus in the chatroom, along with email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small company’s stock which trades at just less than 5 cents per share. The trading of penny stocks can be seen as an avenue 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 be mistaken – it’s also an extremely risky game, as Sykes will be able to tell you thanks to his years of expertise.
Beginning in the latter years of high school, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as a trader. At the age of 25 Sykes was given more exposure and a wider impact as a participant in the reality series “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms and penny stock themes and educational material aimed at those who are new to trading. He also helped establish Profit.ly as a place of transparency, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education tools, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have earned substantial profits through their years of experience. Profitly Gurus
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, only two gurus remain on the platform: the 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 look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll observe him focus on basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS and Android devices; texts, emails, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. At $149.95 for a month it is a great option for those who are more invested in penny stock trading. Pennystocking Silver comes with all the standard features that were included in earlier plans such as swing trading alerts as well as unlimited access to a library of over 7,000 educational videos, with new ones released every week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly Gurus
The Superman Alerts package is his package of vital features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist as well as the mobile application, daily market commentary shown in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base of information provided by Superman himself, via the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. On top of that you’ll also have access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership levels that cater to traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. Once you have signed up for this package you’ll be provided with a variety of powerful and essential trading tools, each of them integral in keeping your fingers on what can describe as a cutthroat process in and of itself.
Some of the features you can do using Profit.ly’s Novice program is the ability to verify trades and track profits as well as leading, following and even texting your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze, sort, or filter the trades you make and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price but there’s a disadvantage. It isn’t possible to create a private account, making your activities publicly available. If you’re interested in get access to this feature, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to take advantage of the majority of features available in the Novice plan. This plan allows that you can create an account that is private to share with other associate users all your knowledge and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to develop their skills in trading. Although it’s a nice thing, there is one significant element that’s missing. As opposed to the prior Novice package, this one won’t be able to see the statistics of other traders, which could be a problem for those looking forward to this tier. Profitly Gurus
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. It costs $74.95 each month with an additional 22% discount for annual billing the Pro plan has everything. It gives you full, unlimited access to all features of the prior plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the chance to create a private profile. Both of these features, plus the other benefits that you can use to the maximum extent. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly offers a number of other services they offer. One of these is its online store, where customers can select from a variety of videos designed to inform and provide guidance on the ins and outs of trading. The products listed in this section of the website is available to be bought immediately for your personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other things trading-related, clips and scenes from events like the Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are as well part of Profit.ly’s range of services and features. You may be familiar with the chat room since you can find it throughout social and messaging platforms as well as some specialty websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a area where experts and members trade and learn in real time. Every guru has their own style in operating their chat room and dealing with the members. One might be more laid back and less engaged, while another could be more active and in touch with their students. Consider chat rooms like Profit.ly’s version of the forum in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock trader types, from novices to experienced professionals. Considering the number of offers it has to offer, the platform surely has something for everyone.
For instance, newbies will appreciate Profit.ly’s library of learning information available on the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus as well as their members. Additionally, they can pick from the merchandise available in its online store that they can take with them wherever they may be. Additionally, they can gain practical experiences from trading within the platform, however they’ll realize that trading is a high stakes game that should not be viewed as a joke.
For traders who have many years of experience down the line, we see Profit.ly as equally as suitable to them as the newcomers. While the newbies may not be as adept at dealing with trading issues but the experts already know how it works along with the stack full of risks associated with it. Ideally, they may utilize Profit.ly’s variety of options to their maximum advantage to improve their skills in trading. Like beginners, they can learn from the top experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the enjoyment! Trade professionals who are on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to guide them through the ever-illustrious trading process. Profitly Gurus
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 tons of learning communications, trading, and communication tools
- You’ll be taught by experts 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 and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable 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 trades that are not authentic by taking images
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There’s something for every person
- Profit.ly’s abundance of products and packages offered might be too much for most of its customers
- If traders decide to post any kind of trade, there is an opportunity that some them may take advantage by cherry-picking the best trades to increase the rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds, as the premium customers are expected to immediately benefit from the many services the platform has to provide
The Final Verdict: Is Profit.ly Valued?
If we could think of an answer to this question, it would be an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally designed to be used for this reason. Instead, you should have an open mind. Profitly Gurus
What we do mean”yes” is that it is a fantastic learning tool. Those who may be stuck may find Profit.ly’s array of resources helpful as they do their best to incur lesser loss and perform better than they did before. It’s not only the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely want to become a better trader and want to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Profitly Gurus
How do you use Profit.ly to post your trades?
Profit.ly includes an entry section for trades in the “My Trade section of the dashboard. It lets you post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is indicated with the small blue check. If you submit it manually or through screenshots, it will automatically be assigned as unverified.
The disadvantage of an unverified trade is the possibility of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, 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 on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just seeking to make the most profit but also help each other grow and learn more about acquiring opportunities in the stock market all over the world.