The stock market can be an extremely risky game. Some days, you could have the benefit of positive and satisfactory numbers. On other days, however you may experience the opposite and it can be very difficult to get back to the point you were at your peak. If you find yourself immersed in the water, you will have to realize that relying on instinct and survival might not be enough.
If you’ve suffered occasional losses You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an important boost from trading partners from all over the globe. That’s why we’ve discovered 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 A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitly Minus 1
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be knowledgeable, transparent, accountable, and uplifting with one another through its wide array of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for people who are starting out and as a hub for experienced traders to track their performance using the aid of cutting-edge analytics tools. It provides users with a vast array of options to facilitate trade and communication that help traders from every field of business connect with each other. It gives the gurus worthwhile investments within the confines of the platform. Imagine it as an online social media platform similar to Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been previously done.” The idea, he added, served two purposes: 1) making public records for not just the gurus as well as newsletter authors and students, and 2) allowing anyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Profitly Minus 1
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of tools and services that are geared towards achieving the success of their business. You can create an account there for free, but you’re limited to the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s offers that we’ll discuss in the near future.
Making an account easy: create a profile with your experiences and expertise, connect your brokerage account, and you’ll have a chance to shoot through at the very top of the list. Profit.ly’s leaders’ board 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. You’re not just allowed to prove your worth to a group of traders. You can also use Profit.ly to shop with a guru, and have the assurance that you’re comfortable in their skills and the credibility of their claims.
If you feel uneasy with the concept of leaking the details of your broker account then you could decide to share your trades, either verified or not, by taking screenshots. In Profit.ly are a variety of trading classes and the capability to see stats in a trader’s profile and other methods to connect with your gurus via chatrooms along with email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s stock which trades at less than $5 per share. The penny stock market could be viewed as a stepping stone for small businesses to transition into a larger market because it gives them access to funds from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you thanks to his years of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as a trader. At the age of 25, he had been given greater exposure and a larger influence over time when he was a part of the reality show “Wall Street Warriors.” Then, he made use of the show to develop 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 place of transparency, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education sources, 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 significant amounts of profit from their combined years of knowledge. Profitly Minus 1
At its height, Profit.ly had housed up to five gurus, all of them a pro in their niche in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS and Android devices, text, e-mail and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 for a month this is the perfect plan for those who are involved in penny stock trading. Pennystocking Silver offers all the essential features of prior plans, including swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos and new videos released weekly.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly Minus 1
The Superman Alerts package is his offering of essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile app, daily market updates in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge of information provided by Superman himself through the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. On top of that, you’ll also get access to premium research reports and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers, each designed for traders with different levels. Let’s take a look at what these three levels are and what they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. As you sign up for this plan you’ll be given a slew of robust and vital trading tools, each of them integral in keeping your fingers on what call a competitive process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following and even texting other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your actions public. If you’re interested in gain the benefit of this service, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader package lets users to benefit from a majority of features from the novice plan. In this plan, that you can set up an individual profile that allows you for sharing with fellow associates all your insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to improve their expertise in trading. Although it’s a nice thing, there is one significant feature that is missing. Unlike the previous Novice package, you will not be able to view other traders’ stats that might be a drawback for some who may be anticipating this level. Profitly Minus 1
The Pro plan is the most luxurious package Profit.ly offers to experienced traders. At $74.95 per month, and a 22% discount for billing annually, this tier has it all. You will have full, unrestricted access to all features from the two previous plans combined.
You’re not only able to see other users’ stats as well, you’re also offered the chance to create an individual profile. These two features are in addition to the advantages that you can utilize to the maximum extent. If you’re looking for an option that gives you with everything you require as an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly has a few other services they provide. One of those is its online store, which lets users choose from a wide array of instructional videos that are designed to inform and provide guidance on the ins and outs of trading. The products listed on this page of the website is available to be immediately purchased for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and all other aspects of trading. There are also clips and scenes taken from events like 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 variety of services and features. You’re probably familiar with the concept of chat rooms since you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly the chat room is viewed as a hands-on space where experts and their members can interact and learn in real time. Each guru has their style in operating their chat room and dealing with the members. One might 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 best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock trader types, from beginners to experienced pros. With the variety of deals it has to offer, the platform surely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. They will also be provided with videos every week and chat room tips from its in-house gurus and members. Additionally, they can pick from the merchandise available on its store online to carry with them wherever they may travel. They can also gain hands-on experience trading on the platform, but eventually they’ll be able to realize that this is a risky game that should not be viewed as a joke.
For the traders with decades of experience in the line, we see Profit.ly as equally as suitable to those who are just starting. While the newbies may not be as proficient in dealing with trading issues, the pros already understand the way it functions and the stack full of risks that it carries. Ideally, they may use Profit.ly’s array of features to their full advantage to enhance their skills in trading. Like novices, they can study from the gurus and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others in order to navigate them through the ever-changing trading process. Profitly Minus 1
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You’ll be taught by experts and advice from the company’s in-house gurus, including libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its main capabilities, 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 screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s abundance of packages and services offered could not be enough for most of its users
- As traders may opt to open any kind of trade, there’s the possibility that some of them will profit by selecting the best trades in order to improve their ratings this could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds as its premium users will immediately benefit from the many features the platform is able to offer
The Final Concluding Question: Is Profit.ly worth it?
If we could think of an answer to this question, it’s a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t designed to be used to achieve this goal. Instead, you need to have an open mind. Profitly Minus 1
What we are referring to by ‘yes’ is that it is a fantastic learning tool. People who are stuck could find Profit.ly’s array of resources useful as they do their best to reduce losses and be more successful than they did before. It’s not only the struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become better at trading and wish to learn from your fellows and gurus throughout the process, then look no further – Profit.ly could be a good choice to start.
FAQ Profitly Minus 1
How can you make use of Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries in the “My Trade category on the dashboard that lets you post your trades, either verified or not. You may choose between three choices:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
How do I know whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is shown by the blue check mark. If you upload it in a manual way or by taking images, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the risk of getting downvotes from your colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of the moment, 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 on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also help each other learn and improve in acquiring opportunities on the stock market left and right.