Stock trading can be an exciting game with high stakes. Some days, you might be reaping the benefits of positive and satisfactory numbers. On other days, however it could be the reverse and it can be extremely difficult to return to the point you were at your best. If you are constantly stuck in the gutter it is important to recognize that relying on pure instinct and preservation might not be enough.
If you’ve been incurring losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around 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 a look at Profit.ly is a well-known all-in-one 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.
Overall Rating: 4.1/5 Profitly Jackaroo
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of all levels to be knowledgeable responsible, transparent, and to build relationships with each other through its broad array of tools and features such as trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for people who are starting out as well as a place for traders with experience to keep track of their performance through the use of advanced analytics tools. Providing users with a wide variety of tools to facilitate trade and communication, it helps traders from all walks of life connect with one another. It gives the gurus worthy investments within the boundaries of the platform. Imagine it as the social media equivalent the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that transactions are legitimate and will not accept fake news as long as is humanly possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine Sykes stated that Profit.ly was based “on showing the entire spectrum of trades, something which has never been prior to.” The idea, he added, served two purposes: 1) keeping track of public data for everyone, not just the experts as well as students and newsletter writers, and 2) making it possible for anyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Profitly Jackaroo
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of features and services aimed towards achieving achievement. You can create an account there at no cost, however you’re only limited to having access to the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s offerings, which we will discuss in the near future.
Making an account simple: Create an account with your experience and expertise, connect your brokerage account, and you’ll have an opportunity to make your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a look at their performance as a trading group and its experts. It’s not just a way to show your worth to a large group of traders, but you can also use Profit.ly to shop with a professional with the assurance that you’re comfortable in their skills and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging your brokerage account, you may opt to post your trades, whether verified or not, via screenshots. Also included in Profit.ly is the huge selection of trading classes and the capability to see statistics on a person’s profile as well as other ways to interact with your experts in the chatroom, as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for under $5 for each share. Penny stock trading could be viewed as an avenue for small companies to move into a larger market because they can access funds from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as trading professional. At the age of 25, he had been given greater exposure and a larger influence over time when he became part of the reality show “Wall Street Warriors.” He then took advantage of it to develop trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place for transparency and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the experts in trading who have proven to make substantial profits from their collective years of experience. Profitly Jackaroo
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this 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. When we take that into account, let’s take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll be able to observe him focus on fundamental stock catalysts and use them to predict the next move that is possible when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS as well as Android devices, as well as texts, emails and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 monthly, it is the perfect plan for those who are involved in penny stock trading. Pennystocking Silver offers all the essential features of the previous plan, including swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Profitly Jackaroo
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get access to the daily premarket stock watchlist as well as the mobile app, daily market commentary shown in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge provided by Superman himself through his Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. On top of that, you’ll also get the ability to access premium reports on research as well as the 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 up and running. Profit.ly offers three membership tiers, each designed for traders with different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. When you sign up for this package, you will be immediately given a slew of robust and essential trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study the results of your analysis, sort, and filter your trades and, lastly, view other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, thus making your personal information public. If you’re looking to have access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package allows you to take advantage of many of the features of The Novice package. This plan allows that you can create an individual profile that allows you to share with fellow associate users all the insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to improve their trading skills. Although it’s a nice thing however, there’s a crucial element that’s missing. Unlike the previous Novice package, this one won’t be able to view other traders’ stats, which might be a drawback for some who may be anticipating this level. Profitly Jackaroo
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. At $74.95 each month which includes 22% off for annual billing the Pro plan has it all. You get full, no-holds-barred access to all features from the two previous plans combined.
Not only do you get to view other people’s stats, but you’re also given the chance to create a private profile. Both of these features, plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of an option that gives you everything you need as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly offers a number of more services it has to offer. One of them is the online store, which lets users select from a variety of video products created to provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the site can be purchased immediately for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and scenes taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s range of services and features. You’re probably familiar with the chat room as you can find it throughout messaging and social platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly it’s seen as a hands-on place where gurus and their members can interact and learn in real time. Every guru has their own style in running their chat rooms and in dealing with the members. One might be more laid back and not very often active, while another may be more interactive and online with their students. Consider chatrooms as Profit.ly’s version of a forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, from novices to the most experienced. With the variety of deals it offers it is certain to have something for every person.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. In addition, they will get daily videos and chat room tips by its internal gurus as well as their members. They’ll also be able pick from the merchandise available in its online store to carry with them wherever they travel. You can also get hands-on experiences from trading within the platform, but ultimately they’ll realize that this is a high stakes game that shouldn’t be taken as an amusing pastime.
For traders who have years of exposure down the road, we consider Profit.ly equally suitable to people who are just beginning. While the newbies may not be as well-equipped with dealing with trading issues but the experts already know the way it functions and the stack full of risks that come with it. In the ideal scenario, they can use Profit.ly’s variety of options to their maximum advantage to develop their skills in trading. Like beginners, they can learn from the top experts as well as experts, and take advantage of short tips and tricks 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 excitement! People in the trade industry who are on the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to help guide them through the ever-illustrious trading process. Profitly Jackaroo
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy 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 diverse range of packages and subscription levels are priced at affordable rates There’s something for every person
The Cons
- Profit.ly’s numerous products and packages offered might seem overwhelming for a lot of its users
- Since traders can choose to post any kind of trade, there’s a possibility that some of them may take advantage by picking the most profitable trades to improve their ratings – this may be a concern that should not be ignored.
- Profit.ly does not offer refunds because its premium users will immediately benefit from the many services the platform has to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could come up with an answer to this question, it’s an affirmative “yes”. But you need to understand that the platform should not be used as a get-rich-quick scheme. It wasn’t designed to be used for this reason. Instead, you need to have the ability to think with an open heart. Profitly Jackaroo
What we mean”yes” is it is a fantastic learning tool. People who are stuck might find Profit.ly’s range of resources helpful in their efforts to incur lesser losses and be more successful than they did before. It’s not just the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be more successful in trading and would like to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Profitly Jackaroo
How do you use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries in the My Trade category on the dashboard that allows you to post your trades that are verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there is the chance that it is verifiable. This is evident by the small blue check. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the possibility of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where users can detect who’s being fraudulent in posting 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 and in the Google Play store. The mobile version of the app works with all 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 seeking to make the most profit but also assist each other to grow and learn more about acquiring stock market opportunities all over the world.
