Stock trading is an exciting game with high stakes. Some days, you could have the benefit of pleasing and positive numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to get back to where you were at your best. If you are constantly stuck in the gutter You will need to recognize that relying on your instincts and preserving might not be enough.
If you’ve experienced losses from time to time You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from fellow traders from around the world, which is why we’ve found a platform that can support you in your improvement within the field. In this review, we’ll be taking a look at Profit.ly A well-respected 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 Mark Croock
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of different levels to be informative and accountable, as well as transparent and uplifting with each other by offering a wide range of features and tools like trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for traders new to trading and also as a platform for traders who are experienced to monitor their performance with the help of advanced analytics tools. It provides users with a vast array of options for trade and communication and letting traders from every field of business connect with one another. It offers gurus with worthy investments within the boundaries of this platform. Think of it as a social media site akin the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the transactions are legitimate and will not accept fake news as long as is humanly 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 interview for Forbes magazine Sykes stated that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never prior to.” The concept Sykes said served two purposes: 1) creating public track records for everyone, not just the experts and newsletter authors and students as well as) allowing everyone on the platform to learn from both losses and wins for the trading industry’s benefit. Profitly Mark Croock
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of services and features geared towards achieving achievement. You can create an account for free, but you’re only given the ability to navigate through the leaderboard and observe 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 sign up to one of Profit.ly’s offers, which we will review in the coming days.
Making an account easy: create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll be given the chance to climb your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a glimpse of how the community of traders performs as well as its experts. You’re not just allowed to demonstrate your worth to a large group of traders, as you can also utilize Profit.ly to purchase with a guru, and have the confidence that you are confident with their expertise and the veracity of their assertions.
If you are unsure about the idea of divulging information about your account with a brokerage, then you could decide to share your trades, whether verified or not, via photographs. Included in Profit.ly is the huge selection of trading classes as well as the ability to look at the stats of a trader’s account and other methods to connect with your gurus in the chatroom, in addition to 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 penny stock trading. According to Investopedia the term “penny stock” refers to a small 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 funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes can surely tell thanks to his years of experience.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned an estimated $6 million profit through his lengthy career as trading professional. At 25 years old Tim Sykes had received greater exposure and an even wider impact when he became part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms and 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 platform for transparency and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have earned substantial amounts of money from their collective years of knowledge. Profitly Mark Croock
At its height, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus 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. With that taken into consideration, let’s take a look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll observe him focus on basic stock catalysts and employ them to forecast the next moves that could occur when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to 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. Priced at $149.95 monthly, this is the perfect plan for those who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features found in prior plans, including swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes 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 the time he started trading, Superman has amassed over $5.5 million in total trading profits. Profitly Mark Croock
The Superman Alerts plan is his offering of essential features and trading alerts targeted to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile app, the daily market updates in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base that is provided by Superman himself, via the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. On top of that you’ll also gain the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership tiers that are designed to accommodate traders with different levels. Let’s break down what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. Once you have signed up for this package, you will be immediately given a slew of robust and essential trading tools, each one of them essential in keeping your fingers on what call a competitive process by itself.
The list of features you can do using Profit.ly’s Novice program is the ability to confirm trades and track profits; leading, following and even texting other traders; and giving feedback on the trades of today. You can also get onto leaderboards; study your trades, sort or filter the trades you make; and, lastly, view other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. You can’t create a private account, making your activities publicly available. If you do want to get the benefit of this service, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader package allows users to benefit from a majority of features from the Novice plan. This plan allows that you are able to create an account that is private to share with other associates all your insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to improve their expertise in trading. As nice as it seems but there’s one important element that’s missing. In contrast to the Novice package, this one won’t be able to see other traders’ stats, which could be a disadvantage for some who may be looking forward to this tier. Profitly Mark Croock
The Professional plan can be described as the most luxurious package Profit.ly can offer to experienced traders. At $74.95 per month, and 22% off for billing annually the Pro plan has everything. It gives you full, unlimited access to all the features from the two prior plans.
You’re not only able to look at other people’s statistics and data, but you also have the option of creating your own private profile. Both of these features, plus the other benefits that you can use to the maximum extent. If you’re in search of an option that gives you with everything you require as trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly offers a number of additional services that it can offer. One of those is its online store, which allows users to select from a variety of videos designed to inform and guide you through the ins and outs of trading. All of the products featured in this section of the website can be immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and other aspects of trading. There are also clips and footage of The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of services and features. You’re probably familiar with the concept of the chat room as you can see it across social and messaging platforms as well as some specialty websites that offer live chat support. But in Profit.ly, it is seen as a place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members there. Some may be a laid-back person who is less engaged, while another could be more online and communicative in their interactions with students. Think of the chat rooms 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 cater to a large variety of stock traders, from novices to experienced professionals. Given the wide range of options it offers this platform definitely has something for all.
For instance, newbies will enjoy Profit.ly’s collection of educational materials available across the platform. They will also get daily videos and chat room advice from the in-house experts and members. Additionally, they can pick from the merchandise available from its online store for them to take wherever they may travel. They can also gain hands-on experience trading on the platform, but ultimately they’ll realize that the process is a high-stakes game that should not be viewed as a joke.
For those traders who have had 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 managing trading, the pros already understand how it works and the risky mix associated with it. It is ideal to make use of Profit.ly’s range of features to their full advantage to improve their trading abilities. As beginners, they are able to learn from the top experts and experts , and use those short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the excitement! Trade professionals who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to help navigate them through the ever-changing trading process. Profitly Mark Croock
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 a wealth of education tools, communication, and trading tools
- You get to receive excellent training and tips from the in-house gurus, including libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and dependable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There is truly something for every person
- Profit.ly’s abundance of packages and products offered may seem overwhelming for a lot of its customers
- As traders may opt to open any kind of trade, there is the possibility that some of them will profit by picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds as the premium customers are expected to instantly benefit from the many 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 could come up with the answer, it would be yes. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t designed to be used to achieve this goal. Instead, you should have an open mind. Profitly Mark Croock
What we are referring to”yes” is it can be a great learning tool. Those who may be stuck may be able to find Profit.ly’s array of resources to be helpful as they do their best to incur lesser loss and perform better than they did before. It’s not just the struggling traders that will benefit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be more successful in trading and would like to learn from your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Profitly Mark Croock
How can you make use of Profit.ly to publish your trades?
Profit.ly offers an entry section for trades under the My Trade section of the dashboard which lets you record your trades, either verified or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- 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’s a high chance that it is verifiable. This is evident by the small blue check. If you upload it in a manual way or by taking images, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are currently using 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 learn and improve in acquiring stock market opportunities left and right.