Stock trading can be an extremely risky game. On some days, you might be reaping the benefits of positive and satisfactory numbers. On other days, however it could be the reverse, and it may sometimes be very difficult to get back to the point you were at your peak. If you’re immersed in the water, you will have to realize that relying on instinct and survival is not always enough.
If you’ve experienced occasional losses You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve identified a platform that can support you to improve your performance in the industry. In this review, we’ll be taking the time to 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 Mark Nolmeyer
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of different levels to be informative responsible, transparent, and encouraging each other by offering a wide array of tools and features including trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for those who are just beginning their journey and also as a platform for experienced traders to track their performance using the aid of cutting-edge analytics tools. Offering users a broad array of options for communication and trade, it helps traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries of the platform. Think of it as a social media site akin to Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes said that Profit.ly was based “on showing every trade, something that was never previously done.” The concept, he added, served two goals: 1.) creating public track records for everyone, not just the experts and students and newsletter writers, and 2) giving everyone on the platform to learn from both losses and wins to benefit the industry of trading. Profitly Mark Nolmeyer
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of tools and services that are geared towards achieving the success of their business. You may set up an account for free, but you’re limited to the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time, you will need to join one of Profit.ly’s offerings, which we will review in the coming days.
Setting up an account is simple: Create a profile with your experiences and skills, join your brokerage account, and you’ll have an opportunity to make through at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a glimpse of their performance as a trading group as well as its gurus. You’re not just allowed to demonstrate that you’re worthy to the group of traders. You can also utilize Profit.ly to purchase from a guru with the confidence that you are confident in their skills and the veracity of their assertions.
If you are unsure about the idea of sharing your brokerage account, you may opt to post your trades, either verified or not, by taking screenshots. Included in Profit.ly are the vast number of courses in trading as well as the ability to look at statistics on a person’s profile, and more ways to interact with your experts via chatrooms in addition to text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for less than $5 per share. The trading of penny stocks could be viewed as an opportunity for small businesses to transition into a larger market because they can access money from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell because of his decades of experience.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in profits through his lengthy career as trader. When he was 25 years old Sykes was given greater exposure and an even wider impact when he was a part of the reality TV show “Wall Street Warriors.” He used the opportunity to create trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also played a role in establishing Profit.ly as a place for openness, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education resources, trade alerts, as well as other useful information provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have earned substantial profits from their collective years of expertise. Profitly Mark Nolmeyer
At its height, Profit.ly had housed up to five gurus, all of them a professional in their niche in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, 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. When we take that into account we’ll take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you will observe him focus on basic stock catalysts and employ them to anticipate the next moves that could occur when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS and Android devices; email, text 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 package. It costs $149.95 for a month it is a great option for those who are more involved in penny stock trading. Pennystocking Silver includes all the basic features that were included in prior plans, such as swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos that are updated every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading profits. Profitly Mark Nolmeyer
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile app, daily market updates in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. Additionally, you’ll also get the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the online trading community and make a mark on the market, Profit.ly has the right amount of resources to help you started. The platform has three membership tiers, each designed for traders at different levels. Let’s take a look at what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. When you sign up for this plan you’ll be offered a range of strong and essential trading tools, all one of them essential in keeping your fingers on what can describe as a cutthroat process in and of itself.
Among the list of things you can do using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following and even texting your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. While it may look attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re interested in get access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from the majority of features available in the Novice plan. This plan allows that you can set up a private profile for sharing with fellow associate users all the insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to develop their trading skills. While it’s nice but there’s one important element that’s missing. As opposed to the prior Novice package, you will not be able to view other traders’ stats, which could be a disadvantage for those who are eager to try this new tier. Profitly Mark Nolmeyer
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 each month and 22% off for annual billing This plan offers everything. You get full, no-holds-barred access to all features from the two prior plans.
You’re not only able to view other people’s stats, but you’re also given the option of creating a private profile. Both of these features, in addition to the advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give all the features you need to be a skilled trader, maybe the Pro plan is 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 those is its online store, which allows users to pick from a range 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 bought immediately for your personal use. These include best-selling products like the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and other aspects of trading. There are also clips and footage of events like the Annual Pennystocking Conference, and other products by expert traders.
Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of features and services. You are probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, in addition to a few special websites that provide live chat support. But on Profit.ly the chat room is viewed as a place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members. One of them may be a laid-back person who is not very often active, while another may be more online and communicative with their students. Consider chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock trader types, from novices to the most experienced. With the variety of deals it offers this platform definitely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus and members. They’ll also be able to choose from the items on its store online to carry with them wherever they be. You can also get hands-on experiences from trading within the platform, but eventually they’ll realize that the process is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For the traders with years of exposure down the road, we consider Profit.ly equally suitable to the newcomers. While novice traders may not be as well-equipped with dealing with trading issues, the pros already understand how it works along with the plethora of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s variety of options to their maximum advantage to enhance their trading skills. As beginners, they are able to study from the gurus and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are at the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders in order to navigate them through the ever-changing trading process. Profitly Mark Nolmeyer
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders across the globe with a wealth of education, communication, and trading tools
- You get to be taught by experts and tips from the inside experts, as well as libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost There is truly something for every person
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for a lot of its customers
- Since traders can choose to post any kind of trade, there is a 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 because the premium customers are expected to instantly take advantage of the numerous features the platform is able to provide
The Final Verdict is: Is Profit.ly worth it?
If we were able to come up with the answer, it’s yes. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t intended to be created in this way. Instead, you need to have the ability to think with an open heart. Profitly Mark Nolmeyer
What we mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck might be able to find Profit.ly’s variety of resources useful in their efforts to incur lesser losses and perform better than they did before. Not only struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly want to become a better trader and want to be taught by your peers and experts along the way, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profitly Mark Nolmeyer
How do you use Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the My Trade category on the dashboard. It lets you post your trades, verifiable or not. You may choose between three options:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades into specified spaces and information.
- Take a photo of your trades
How can I tell whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there’s the probability that it’s verifiable. This is shown by the small blue check. If you submit it manually or through screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just seeking to make the most profit but also assist each other to grow and learn more about acquiring stock market opportunities left and right.