The stock market can be an extremely risky game. On certain days, you may 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 get back to the point you were at your best. If you find yourself constantly stuck in the gutter it is important to realize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring losses from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the globe, which is why we’ve identified an online platform that will help you to improve your performance in the industry. This review will take an in-depth 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.
Total Rating: 4.1/5 Profitly Jane
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of all levels to be knowledgeable responsible, transparent, and to build relationships with 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 site for trading which serves as a learning and training platform for people who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. It provides users with a vast array of options for communication and trade and letting traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines of this platform. Consider it the social media equivalent like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the transactions are legitimate and will not accept fake news as long as it is possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes publication, Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that has never been done before.” The concept Sykes said served two goals: 1.) keeping track of public data for everyone, not just the experts, but also the newsletter writers and students as well as) allowing anyone on the platform to learn from both the wins and losses to the benefit of the trading industry. Profitly Jane
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of tools and services that are geared at achieving success. You may set up an account on the site at no cost, however you’re only given the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
The process of opening an account is easy: create a profile with your experiences and expertise, connect to your brokerage account and you’ll be given an opportunity to make your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users an insight into how the community of traders performs and its gurus. It’s not just a way to demonstrate value to a group of traders. You can also use Profit.ly to shop with a professional with the assurance that you’re comfortable of their knowledge and the legitimacy of their claims.
If you are unsure about the idea of divulging the details of your broker account then you could decide to share your trades, either verified or not, via screenshots. Included in Profit.ly are the vast number of trading classes as well as the ability to look at the stats of a trader’s account, and more ways to communicate with your gurus through 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 personality who has been famously known for his efforts in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for under $5 for each share. Penny stock trading can be seen as a stepping stone for small companies to move to a market that is larger as they can access money from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes can surely tell thanks to his years of experience.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, made more than $6 million in earnings during his long and successful career as a trader. At the age of 25, he had been given greater exposure and an even wider reach of influence as a participant in the reality show “Wall Street Warriors.” He then took advantage of it to develop trading rooms and penny stock themes as well as educational content targeted at people who are brand new to trading. He also played a role in establishing Profit.ly as a place of transparency and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational sources, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the trading experts who have made significant amounts of profit through their years of knowledge. Profitly Jane
At its height, Profit.ly had housed up to five gurus, all of them an expert within their particular field within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on the 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 the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you’ll be able to see him focus on the basic stock catalysts and employ them to predict the next moves that could occur when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS and Android devices; texts, emails, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. It costs $149.95 for a month it is a great option for those who are more invested in penny stock trading. Pennystocking Silver offers all the essential features of the previous plan, such as swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos that are updated each week.
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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 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 Jane
The Superman Alerts plan is his offer of the most essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket as well as the mobile app, the daily market updates in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge of information provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. Additionally you’ll also have the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership levels that are designed to accommodate traders with 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 basic plan that is designed specifically for people who are brand new to the trading world. Once you have signed up for this plan, you will be immediately offered a range of strong and essential trading tools, each one of them essential in keeping your fingers on what we could call a ruthless process in and of itself.
Among the list of things you can do with Profit.ly’s Novice program is the ability to confirm trades and track profits and follow-up, leading and even texting other traders; and leaving feedback on today’s trades. 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 monthly payment. Although it looks attractive for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, which makes your personal information public. If you’re looking to get the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader plan allows you to use a majority of features from the novice plan. In this plan, that you can create a private profile for sharing with fellow associate users all your knowledge and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to improve their expertise in trading. Although it’s a nice thing but there’s one important element that’s missing. As opposed to the prior Novice package, you won’t be able to view other traders’ statistics, which might be a drawback for those anticipating this level. Profitly Jane
Pro Plan
The Pro plan is the most premium package that Profit.ly offers to experienced traders. At $74.95 per month, with a 22% discount for annual billing This plan offers everything. You get full, no-holds-barred access to all the options of the previous plans combined.
Not only do you get to view other people’s stats and data, but you also have the chance to create your own private profile. Both of these options, plus the other benefits that you can use to the maximum extent. If you’re in search of a plan that can serve all the features you need to be an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly offers a number of other services they provide. One of these is its online store, which allows users to select from a variety of video products that are designed to educate and provide guidance on the ins and outs 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 from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and all other things trading-related, clips and scenes taken from the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of features and services. You’re probably familiar with the concept of the chat room since you can find it throughout social and messaging platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly it’s seen as a real-time place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members. One of them may be more laid back and not very often active, while another might be more active and in touch in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock traders, ranging from novices to the most experienced. With the variety of deals it offers this platform definitely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s collection of educational materials available across the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus and members. They’ll also be able choose from the items in its online store that they can take with them wherever they travel. You can also get hands-on experiences from trading within the platform, however they’ll realize that the process is a risky game that should not be viewed as a joke.
For traders who have decades of experience in the line, we believe Profit.ly as equally as suitable to them as people who are just beginning. While novice traders may not be as adept at dealing with trading issues however, experienced traders know how it works and the plethora of risks that it carries. In the ideal scenario, they can use Profit.ly’s range of features to their full advantage to improve their trading abilities. Like novices, they can learn from the experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! People in the trade industry who are at similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to help assist them in the ever-changing trading process. Profitly Jane
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You’ll receive excellent training and advice from the company’s internal experts, which include 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 other traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices – there truly is something for every person
The Cons
- Profit.ly’s numerous products and packages offered might seem overwhelming for a lot of its customers
- If traders decide to open any kind of trade, there’s a possibility that some of them could profit from selecting the best trades in order to boost their rating this could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds because its premium users are expected to immediately benefit from the number of features the platform is able to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we were able to come up with the answer, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always intended to be created to achieve this goal. Instead, you need to have curiosity. Profitly Jane
What we mean”yes” is it is a fantastic learning tool. Those who may be stuck may find Profit.ly’s variety of resources helpful when they try their best to incur lesser losses and perform better than they did before. Not only poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts!
If you really want to become more successful in trading and would like to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profitly Jane
How can you make use of Profit.ly to post your trades?
Profit.ly has a trade entry portion under the My Trade’ category of the dashboard that lets you post your trades, either verified or not. There are three options:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
How do I know whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there’s the chance that it is verifiable. This is indicated with the small blue check. If you upload it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthentic trade is the risk of receiving negative feedback from fellow peers. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where people can see who’s untruthful in submitting 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 functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are trying to maximize profits but also to help one another learn and improve in acquiring stock market opportunities all over the world.
