Stock trading can be an exciting game with high stakes. Some days, you could enjoy the benefits of pleasing and positive numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to return to where you were your best. If you are always in the mud You will need to recognize that relying on pure instinct and preservation is not always enough.
If you’ve suffered loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve found a platform that can support you in your growth within the field. This review will take the time to look at Profit.ly is a well-known 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.
Overall Rating: 4.1/5 Profitly Into The Future
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be informed responsible, transparent, and uplifting with each other through its broad variety of tools and features such as trade verification, chat rooms as well as an extensive 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 starting out and as a hub for experienced traders to track their performance using the aid of advanced analytics tools. It provides users with a vast variety of tools for trade and communication, it helps traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Think of it as a social media site akin the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are authentic and won’t allow for fraud as much as it is possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been prior to.” The idea Sykes said served two goals: 1.) keeping track of public data for everyone, not just the experts as well as newsletter writers and students as well as) allowing anyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. Profitly Into The Future
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of features and services aimed toward the success of their business. You can create an account at no cost, however you’re limited to the capability to browse the leaderboard and follow the activities of people who aren’t 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 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 your brokerage account, and you’ll have the chance to climb through at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a glimpse of the performance of the trading community as well as its experts. It’s not just a way to show value to a large group of traders. You are also able to use Profit.ly to buy with a guru, and have the assurance that you’re confident in their skills and the credibility of their claims.
If you’re not comfortable with the concept of leaking the details of your broker account you may choose to publish your trades, either verified or otherwise, through photographs. Included in Profit.ly are a variety of trading classes and the capability to see stats in a trader’s profile, and more ways to communicate with your gurus in the chatroom, as well as notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for less than $5 per share. The trading of penny stocks is a stepping stone for small-scale businesses to make the transition to a market that is larger as it gives them access to funds from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
Beginning at the end of his time in high school, Tim Sykes has, since then, earned an estimated $6 million profits during his long and successful career as a trader. At 25 years old Sykes was given more exposure and a wider reach of influence when he became part of the reality show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms and penny stock themes and educational content geared toward people who are brand new to trading. He also helped to establish Profit.ly as a place of transparency, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have proven to make substantial profits from their collective years of expertise. Profitly Into The Future
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 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 this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 per month, you’ll see him focus on the fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS as well as Android devices, text, e-mail and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. Priced at $149.95 for a month it is a great option for those who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features found in the previous plan, which includes alerts for swing trading and access to a rich collection of more than 7,000 educational videos and new videos released every week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Profitly Into The Future
The Superman Alerts plan is an offering of essential features and trading alerts geared to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist and the mobile application, daily market updates in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base of information provided by Superman himself via the Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. In addition, you’ll also get the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of resources to help you going. The platform offers three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three levels are and what they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. Once you have signed up for this package, you will be immediately offered a range of strong and indispensable trading tools, each of them integral in keeping your fingers on what can describe as a cutthroat process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following and even chatting with other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, as well as filter trades and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive just by the price however, there’s a drawback. You can’t create a private account, making your actions public. If you’re interested in get the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows users to benefit from the majority of features available in the novice plan. This plan allows that you can create a private profile to share with other associates all your insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to harness their expertise in trading. Although it’s a nice thing but there’s one important element that’s missing. Unlike the previous Novice package, you won’t be able view other traders’ statistics this might be a drawback for those eager to try this new tier. Profitly Into The Future
This is by far the most expensive plan Profit.ly can offer to experienced traders. It costs $74.95 each month with a 22% discount for billing annually This plan offers it all. You will have full, unrestricted access to all features of the previous plans combined.
Not only do you get to view other people’s stats and data, but you also have the option of creating an individual profile. Both of these options, in addition to the advantages that you can utilize to the maximum extent. If you’re in search of an option that gives you everything you need as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly provides a variety of additional services that it can provide. One of these is its online store, which lets users choose from a wide array of instructional videos that are created to help you understand 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 such as”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other things trading-related, clips and clips taken from The Annual Pennystocking Conference, and other products by expert traders.
The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You may be familiar with chat rooms since you will see it on messaging and social platforms, as well as some specialty websites that provide live chat support. However, in Profit.ly, it is seen as a space where experts and their members trade and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the members. Some may be a laid-back person who is less engaged, while another could be more active and in touch to their pupils. Think of chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock traders, from beginners to experienced pros. With the variety of deals it can provide it is certain to have something for all.
For instance, newbies will enjoy Profit.ly’s library of learning content offered throughout the platform. Not only will they get daily videos and chat room advice by its internal gurus and members. They’ll also be able pick from the merchandise available on its store online that they can take with them wherever they go. Additionally, they can gain practical experiences by trading through the platform, but eventually, they will soon learn that trading is a risky game that shouldn’t be taken as an opportunity to make fun of.
For the traders with many years of experience down the line, we believe Profit.ly as equally as suitable to the newcomers. While novice traders may not be as adept at handling trading matters however, experienced traders know the way it functions and the plethora of risks associated with it. It is ideal to use Profit.ly’s range of features to their best advantage to improve their skills in trading. Like novices, they can learn from the experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the enjoyment! Those in the trading industry who are at similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to assist them in the ever-changing trading process. Profitly Into The Future
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with tons of learning, communication, and trading tools
- You will be provided with excellent lessons and insights from its internal experts, which include collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There’s something for every person
- Profit.ly’s numerous packages and products offered may be too much for most of its customers
- As traders may opt to make any type of trade, there is the possibility that some of them will profit by picking the most profitable trades to boost their rating This could be a concern that should not be ignored.
- Profit.ly does not accept refunds as the premium customers are expected to instantly benefit from the many services the platform has to provide
The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally designed to be used in this way. Instead, you need to have the ability to think with an open heart. Profitly Into The Future
What we are referring to”yes” is that it is a fantastic learning tool. Those who may be stuck might find Profit.ly’s range of resources helpful when they try their best to reduce loss and perform better than before. It’s not only the struggling traders who will profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly want to become better at trading and wish to be taught by your peers and experts throughout the process, then look no further – Profit.ly is a fantastic choice to start.
FAQ Profitly Into The Future
How do you use Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the “My Trade category on the dashboard. It lets you record your trades, verifiable or not. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades into 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 purchase your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is indicated with the small blue check. If you submit it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The downside of having an unauthenticated trade is the possibility of getting downvotes from your fellow peers. Too many downvotes may result in you appearing on the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market left and right.