Stock trading can be an exciting game with high stakes. Some days, you could have the benefit of positive and satisfying numbers. However, on other days you may experience the opposite and it can be very difficult to return to where you were your peak. If you are always in the mud, you will have to recognize that relying on instinct and survival might not be enough.
If you’ve been incurring loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe, which is why we’ve found a platform that can support you in your improvement within the field. We’ll be taking a 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profitly Jack Kellog
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of various levels to be informative responsible, transparent, and encouraging each other through its broad variety of tools and features like chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for people who are just beginning their journey and also as a platform for experienced traders to track their performance through the use of sophisticated analytics tools. Offering users a broad array of options for trade and communication that help traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines of this platform. Imagine it as an online social media platform similar like Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it makes sure that trades are authentic and won’t accept fake news as long as is humanly possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been done before.” The concept was, he said, serving two goals: 1.) keeping track of public data for not just the gurus and newsletter writers and students and secondly) making it possible for anyone on the platform to learn from both the wins and losses to benefit the industry of trading. Profitly Jack Kellog
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of services and features geared at achieving the success of their business. You can create an account there for free, but you’re only given the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s offers, which we will review in the coming days.
The process of opening an account is simple: Create an account that includes your personal information and skills, join your brokerage account, and you have yourself a chance to shoot through high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users a look at their performance as a trading group as well as its gurus. It’s not just a way to show that you’re worthy to the group of traders, but you are also able to use Profit.ly to purchase from a guru with the assurance that you’re confident in their skills and the legitimacy of their assertions.
If you feel uneasy with the idea of sharing the details of your broker account then you could opt to post your trades, whether verified or not, via screenshots. Also included 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 interact with your experts in the chatroom, along with email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s shares that trade for less than $5 per share. The penny stock market is an opportunity for small companies to move into a larger market because they can access capital from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell thanks to his years of expertise.
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. When he was 25 years old Tim Sykes had received greater exposure and an even wider reach of influence when he was a part of the reality show “Wall Street Warriors.” He made use of the show to create trading rooms and 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 with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational sources, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to the trading experts who have earned significant amounts of profit through their years of knowledge. Profitly Jack Kellog
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in making trades.
A purchase on its own from 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; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 monthly, it is a great option for those who are more involved in investing in penny stocks. Pennystocking Silver includes all the basic features of prior plans, such as alerts for swing trading and access to an extensive library of over 7,000 educational videos and new videos released weekly.
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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 both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Profitly Jack Kellog
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access daily premarket stock watchlist and the mobile app, daily market commentary shown in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge of information provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. In addition you’ll also have an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers, each designed for traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. Once you have signed up for this plan you’ll be offered a range of strong and vital trading tools, all of which is essential to keep your hands on what we could call a ruthless process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice package is the ability to confirm trades and track profits; leading, following and even texting other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze your trades, sort and filter your trades and, finally, see other’s stats.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. You aren’t able to create a personal account, making your actions public. If you’re interested in gain the benefit of this service, stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package allows you to use many of the features of the Novice plan. This plan allows that you are able to create a private profile to share with fellow associate users all the insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to harness their skills in trading. As nice as it seems however, there’s a crucial aspect that’s not included. In contrast to the Novice package, this one won’t be able to see other traders’ stats that might be a drawback for those looking forward to this tier. Profitly Jack Kellog
Pro Plan
This is by far the most expensive plan Profit.ly offers to experienced traders. At $74.95 each month which includes an additional 22% discount for annual billing This plan offers everything. It gives you full, unlimited access to all options of the prior plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the option of creating 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 a plan that can serve you everything you need as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly offers a number of more services it has to offer. One of them is the online store, which allows users to select from a variety of videos that are designed to educate and guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be immediately purchased for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, as well as all related to trading, videos and scenes taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of services and features. You may be familiar with chat rooms since you can find it throughout social and messaging platforms and also on a few specialty websites that offer live chat support. But in Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and learn in real time. Every guru has their own way in running their chat rooms and dealing with the listed members there. One of them may be laid back and not very often active, while another might be more active and in touch with their students. Think of chatrooms as Profit.ly’s version of the forum in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products 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 all.
For instance, newbies will enjoy Profit.ly’s collection of educational information available on the platform. They will also be enriched with weekly videos and chat room advice from its in-house gurus and members. They’ll also be able to select from the products from its online store that they can take with them wherever they travel. You can also get hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that the process is a risky game that shouldn’t be treated as an amusing pastime.
For those traders who have had many years of experience down the road, we consider Profit.ly equally suitable for them as it is for people who are just beginning. While the newbies may not be as well-equipped with handling trading matters but the experts already know the way it functions and the risky mix that it carries. In the ideal scenario, they can make use of Profit.ly’s variety of features to their full advantage to improve their trading abilities. Like novices, they can learn from the top experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the excitement! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to guide them through the ever-illustrious trading process. Profitly Jack Kellog
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with tons of learning communications, trading, and communication tools
- You’ll be provided with excellent lessons 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 by using accurate data as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
The Cons
- Profit.ly’s numerous packages and services offered could be too much for a lot of its users
- Since traders can choose 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 could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds because its premium users will immediately benefit from the many services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it’s an affirmative “yes”. However, you must realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t intended to be created for this reason. Instead, you need to have the ability to think with an open heart. Profitly Jack Kellog
What we mean”yes” is it is a fantastic learning tool. For those who are struggling, they may find Profit.ly’s range of resources helpful as they do their best to avoid loss and perform better than before. It’s not only the struggling traders who will benefit from this platform. It can accommodate beginners and even experts in the field!
If you really want to become a better trader and want to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Profitly Jack Kellog
How can you make use of Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries in the My Trade section of the dashboard. It lets you post your trades, either verified or not. There are three choices:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s the likelihood that it can be verified. This is evident by the blue check mark. If you post the information manually or via images, it will be classified as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving negative feedback from fellow peers. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market both right and left.
