Stock trading is an exciting game with high stakes. On some days, you might enjoy the benefits of pleasing and positive numbers. However, on other days you may experience the opposite, and it may sometimes be very difficult to get back to where you were your peak. If you find yourself immersed in the water it is important be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve suffered occasional losses You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the world, which is why we’ve found a platform that can support you in your improvement in the market. We’ll take the time to 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 Mid Market
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be informed, transparent, accountable, and encouraging one another through its wide variety of tools and features such as chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for those who are starting out and as a hub for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources for communication and trade and letting traders from every field of business connect with each other. It offers gurus with worthy investments within the boundaries of the platform. Imagine it as the social media equivalent like Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the transactions are legitimate and will not allow for fraud as much as it is possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been prior to.” This idea, he added, served two objectives: one) making public records for everyone, not just the experts, but also the newsletter writers and students and secondly) giving everyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Profitly Mid Market
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of tools and services that are geared toward the success of their business. You may set up an account there for free, but 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 in order to find out which stocks the gurus are trading in real time, you will need to sign up to one of Profit.ly’s offers, which we will review in the coming days.
Making an account simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll be given a chance to shoot through the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users an insight into their performance as a trading group as well as its gurus. You’re not just allowed to show value to a large group of traders. You can also utilize Profit.ly to buy from a guru with the assurance that you’re comfortable in their skills and the veracity of their claims.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you can opt to post your trades, verified or otherwise, through photographs. Also included in Profit.ly are the vast number of courses in trading, the ability to view stats in a trader’s profile as well as other ways to connect with your gurus via chatrooms along with notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his efforts in penny stock trading. According to Investopedia, a penny stock refers to a small company’s stock that trades for just less than 5 cents per share. Penny stock trading can be seen as an avenue for small businesses to transition to a large marketplace as it allows them to access capital from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of profits throughout his illustrious career as trader. When he was 25 years old Tim Sykes had received greater exposure and a larger impact when he was a part of the reality show “Wall Street Warriors.” He made use of the show to create trading rooms and penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped establish Profit.ly as a place for transparency and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education tools, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to experts in the field of trading who have earned substantial profits from their collective years of knowledge. Profitly Mid Market
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the field of trading. Some of the most prominent gurus 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 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 packages each guru offers.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll be able to see him concentrate on the basic stock catalysts and employ them to forecast the next possible moves in making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS and Android devices, as well as email, text and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. At $149.95 for a month this is the perfect plan for those who are invested in penny stock trading. Pennystocking Silver includes all the basic features of earlier plans including alerts for swing trading and access to a collection of more than 7,000 educational videos and new videos released weekly.
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 both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Profitly Mid Market
The Superman Alerts plan is an package of vital features and trading alerts targeted to those interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile application, daily market commentary 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 a knowledgeable base provided by Superman himself via his 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 previous lessons. On top of that you’ll also have an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership tiers, each designed for traders at 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 those who are just beginning their journey to the world of trading. Once you have signed up for this package you’ll be offered a range of strong and vital trading tools, all of which is essential to keep your fingers on what can describe as a cutthroat process by itself.
The list of features you can accomplish with Profit.ly’s Novice program is the capability to check the results of your trades and track profit as well as leading, following and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You can also get onto leaderboards; study your trades, sort or filter the trades you make and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your actions public. 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 lets you to use the majority of features available in the Novice plan. In this plan, that you can set up a private profile to share with other associates all your insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to improve their trading skills. As nice as it seems, there is one significant aspect that’s not included. Unlike the previous Novice package, you will not be able to see other traders’ stats, which could be a problem for some who may be looking forward to this tier. Profitly Mid Market
The Professional plan can be described as the highest luxurious package Profit.ly can offer to experienced traders. It costs $74.95 monthly, which includes an additional 22% discount for billing annually This plan offers it all. You get full, no-holds-barred access to all the options of the previous plans combined.
You’re not only able to see other users’ stats as well, you’re also offered the option of creating an individual profile. Both of these features, on top of all the advantages that you can utilize to the maximum extent. 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 ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly has a few additional services that it can provide. One of them is the online store, which allows users to choose from a wide array of video products designed to inform and guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be bought immediately for your personal use. Some of these include bestsellers such as the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all related to trading, videos and footage taken from The Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are as well part of Profit.ly’s range of features and services. You are probably familiar with the concept of chat rooms since you will see it on messaging and social platforms, and also on a few specialty websites that provide live chat support. But on Profit.ly the chat room is viewed as a space where experts and their member traders can communicate and learn in real time. Every guru has their own way when it comes to running their chat room and in dealing with the members. One of them may be more laid back and not very often active, while another may be more interactive and online with their students. Think of the chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock trader types, from novices to the most experienced. Considering the number of offers it offers this platform definitely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts as well as their members. They’ll also be able choose from the items from its online store to carry with them wherever they may travel. They can also gain hands-on experiences by trading through the platform, but ultimately, they will soon learn that the process is a risky game that should not be viewed as a joke.
For the traders with decades of experience in the line, we believe Profit.ly as equally as suitable to them as people who are just beginning. While the newbies may not be as well-equipped with handling trading matters, the pros already understand how it works along with the stack full of risks associated with it. It is ideal to use Profit.ly’s variety of features to their full advantage to develop their skills in trading. As beginners, they are able to learn from the experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are on similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others in order to navigate them through the ever-changing trading process. Profitly Mid Market
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You get to receive excellent training and tips from the inside experts, as well as libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices There’s something for everyone
- Profit.ly’s bountiful stream of packages and products offered may be too much for the majority of its users
- If traders decide to open any kind of trade, there is a possibility that some of them will profit by picking the most profitable trades to increase the rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because the premium customers will immediately benefit from the many services that the platform can provide
The Final Verdict is: Is Profit.ly Valued?
If we were able to come up with the answer, it’s a ‘yes’. But it is important to realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally designed to be used for this reason. Instead, you need to have an open mind. Profitly Mid Market
What we do mean”yes” is it is a fantastic learning tool. For those who are struggling, they might be able to find Profit.ly’s array of resources helpful when they try their best to avoid loss and perform better than they did before. It’s not just the poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become more successful in trading and would like to learn from your peers and experts throughout the process, then look no further – Profit.ly is a fantastic choice to start.
FAQ Profitly Mid Market
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers an entry section for trades within the ‘My Trade category on the dashboard. It allows you to post your trades that are verified or not. There are three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there is an excellent probability that it’s verifiable. This is evident by the small blue check. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The downside of having an unverified trade is the possibility of getting downvotes from your fellow peers. Too many downvotes may cause you to be listed in the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities on the stock market both right and left.