Stock trading can be an exciting game with high stakes. Some days, you may be reaping the benefits of pleasing and positive numbers. On other days, however you may experience the opposite, and it may sometimes be extremely difficult to return to where you were at your peak. If you are always in the mud, you will have to realize that relying on your instincts and preserving may not always be enough.
If you’ve suffered loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require 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 in your growth in the market. This review will take the time to look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 Profitly Jack Kellogg
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of various levels to be knowledgeable responsible, transparent, and uplifting with each other by offering a wide 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 that serves both as a training and learning platform for those new to trading and as a hub for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. Providing users with a wide array of options to facilitate trade and communication, it helps traders from every field of business connect with each other. It offers gurus with worthy investments within the boundaries of the platform. Think of it as the social media equivalent the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that was never prior to.” The concept was, he said, serving two goals: 1.) making public records for not just the gurus as well as newsletter writers and students and secondly) making it possible for everyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Profitly Jack Kellogg
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of services and features geared toward success. You can create an account at no cost, however you’re limited to the capability to browse the leaderboard and observe the activities of non-gurus. If you’re looking 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 offerings, which we will review in the coming days.
Making an account simple: Create an account with your experience and knowledge, then connect to your brokerage account and you’ll have a chance to shoot through the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a look at how the community of traders performs as well as its gurus. It’s not only a chance to prove your worth to a community of traders, as you can also use Profit.ly to purchase with a professional with the assurance that you’re confident in their skills and the credibility of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, then you could decide to share your trades, whether verified or not, by taking pictures. Also included in Profit.ly are a variety of trading courses, the ability to view statistics on a person’s profile as well as other ways to connect with your gurus via chatrooms along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. The trading of penny stocks can be seen as an avenue for small-scale businesses to make the transition to a market that is larger as it allows them to access funds 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 his late years in high school, Tim Sykes has, since then, made an estimated $6 million profit through his lengthy career as trading professional. At 25 years old Sykes was given greater exposure and an even wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He took advantage of it to establish trading rooms and penny stock themes and educational content geared toward people who are brand new to the trading field. 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 amazing features is the variety of learning sources, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to the trading experts who have made substantial profits from their combined years of experience. Profitly Jack Kellogg
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche within the world of trading. Some of the most famous gurus 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 this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll see him focus on the basic stock catalysts and employ them to forecast the next move that is possible when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS as well as Android devices, text, e-mail and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. At $149.95 monthly, it is a great option for those who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features found in the previous plan, which includes swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Profitly Jack Kellogg
The Superman Alerts plan is his offering of essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile application, daily market commentary 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, as well as access to an extensive base of knowledge that is provided by Superman himself through 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 previous lessons. Additionally you’ll also have the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave your mark on the field, Profit.ly has the right amount of resources to help you going. The platform offers three membership levels, each designed for 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 basic plan that is designed specifically for people who are brand new to the trading world. Once you have signed to this plan you’ll be provided with a variety of powerful and essential trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat process by itself.
Some of the features you can accomplish with Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading and even chatting with other traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. It isn’t possible to create a private profile, thus making your personal information public. If you’re looking to have an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
The Trader package allows you to use a majority of features from The Novice package. It is in this plan that you can set up a private profile for sharing with fellow associate users all your knowledge and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to develop their skills in trading. While it’s nice, there is one significant aspect that’s not included. Unlike the previous Novice package, you won’t be able to see other traders’ statistics this could be a disadvantage for some who may be eager to try this new tier. Profitly Jack Kellogg
This is by far the most expensive plan Profit.ly can offer to experienced traders. With $74.95 per month, and an additional 22% discount when billed annually the Pro plan has everything. You will have full, unrestricted access to all options of the previous plans combined.
You’re not only able to see other users’ stats as well, you’re also offered the opportunity to create your own private profile. These two features are in addition to the benefits that you can use to the fullest potential. If you’re looking for a plan that can serve all the features you need to be trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly has a few other services they offer. One of those is its online store, which lets users pick from a range of instructional videos that are created to help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be purchased immediately for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and other related to trading, videos and clips taken from the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of services and features. You’re probably familiar with the chat room as you can find it throughout social and messaging platforms in addition to a few special websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a hands-on space where experts and their members trade and learn in real time. Each guru has their style when it comes to running their chat room and in dealing with the members there. One of them may be a laid-back person who is less active, while another might be more interactive and online in their interactions with students. Consider chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, from novices to experienced professionals. With the variety of deals it has to offer this platform definitely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. Not only will they get daily videos and chat room tips by its internal gurus and their members. Additionally, they can pick from the merchandise available on its store online that they can take with them wherever they go. They can also gain hands-on experiences by trading through the platform, however they’ll realize that this is a high-stakes game that should not be viewed as an amusing pastime.
For traders who have many years of experience down the road, we consider Profit.ly equally suitable to them as the newcomers. While novice traders may not be as well-equipped with handling trading matters however, experienced traders know how it works and the stack full of risks associated with it. Ideally, they may make use of Profit.ly’s range of features to their full advantage to enhance their trading skills. As beginners, they are able to study from the gurus and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the fun! Those in the trading industry who are at an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to navigate them through the ever-changing trading process. Profitly Jack Kellogg
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You get to 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’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready 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
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s abundance of products and packages offered might be too much for most of its users
- Since traders can choose to open any kind of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to boost their rating – this may be a concern that should not be ignored.
- Profit.ly does not offer refunds as the premium customers will immediately take advantage of the numerous services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, 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 meant to be designed to achieve this goal. Instead, you should have an open mind. Profitly Jack Kellogg
What we do mean”yes” is it is a fantastic learning tool. Those who may be stuck may discover Profit.ly’s array of resources helpful in their efforts to avoid loss and perform better than before. It’s not only the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become more successful in trading and would like to be taught by your mentors and peers along the way, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Profitly Jack Kellogg
How can you make use of Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries in the ‘My Trade’ category of the dashboard which allows you to post your trades, either verified or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your trades
How can I tell if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is a high probability that it’s 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 drawback of posting an unauthentic trade is the chance of getting downvotes from your fellow peers. Too many downvotes may cause you to be listed on the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market both right and left.