Stock trading can be a high-stakes game. Some days, you could be reaping the benefits of pleasing and positive numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to get back to where you were your peak. If you’re immersed in the water it is important be aware that relying solely on your instincts and preserving might not be enough.
If you’ve suffered loss from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe, which is why we’ve found a platform that can support you to improve your performance in the industry. We’ll take an in-depth look at Profit.ly, a well-recognized 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 Out Of Business
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be knowledgeable, transparent, accountable, and encouraging one another through its wide array of tools and features like chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for those who are just beginning their journey and also as a platform for traders with experience to keep track of their performance with the help of sophisticated analytics tools. It provides users with a vast array of options to facilitate trade and communication that help traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas of the platform. Imagine it as an online social media platform similar to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes magazine, Sykes said that Profit.ly was driven by its focus “on showing all trades, something that was never done before.” This idea was, he said, serving two goals: 1.) making public records for everyone, not just the experts, but also the newsletter authors and students and secondly) making it possible for everyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Profitly Out Of Business
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of tools and services that are geared toward success. It is possible to create an account there for free, but you’re limited to the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you have yourself an opportunity to make your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a glimpse of their performance as a trading group as well as its experts. It’s not just a way to show value to a community of traders, but you can also utilize Profit.ly to buy from a guru with the confidence that you are confident with their expertise and the credibility of their assertions.
If you are unsure about the idea of divulging your brokerage account, you can opt to post your trades, either verified or otherwise, through pictures. Included in Profit.ly is the huge selection of courses in trading, the ability to view stats in a trader’s profile as well as other ways to communicate with your gurus in the chatroom, along with email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for less than $5 per share. The penny stock market could be viewed as an opportunity for small businesses to transition to a market that is larger as they can access money from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes can surely tell because of his decades of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, earned over $6 million of profits through his lengthy career as trading professional. When he was 25 years old Sykes was given more exposure and a wider reach of influence when he became part of the reality show “Wall Street Warriors.” He used the opportunity to establish trading rooms as well as penny stock themes and educational material aimed at those who are new to trading. He also helped to establish Profit.ly as a platform for openness, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have proven to make significant amounts of profit from their combined years of experience. Profitly Out Of Business
At its height, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus remain on the platform: Founder of the penny stock market 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’s Alerts
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you will see him focus on the fundamental stock catalysts and use them to predict the next possible moves in making trades.
A purchase on its own from 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 program. At $149.95 per month, it is the perfect plan for those who are involved in the penny-stock market. Pennystocking Silver includes all the basic features found in the previous plan, including alerts for swing trading and access to an extensive library of over 7,000 educational videos and new videos released each week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Out Of Business
The Superman Alerts package is his package of vital features and trading alerts targeted to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile app, the daily market commentary in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base of information provided by Superman himself through his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. On top of that you’ll also have access to premium research reports and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers, each designed for traders with different levels. Let’s look at what the three are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. As you sign up for this package you’ll be given a slew of robust and indispensable trading tools, all of which is essential to keep your fingers on what we can describe as a cutthroat process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice package is the ability to confirm trades and track profits and follow-up, leading, and even messaging your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze, sort, as well as filter trades and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. Although it looks attractive for the price alone however, there’s a drawback. You aren’t able to create a personal profile, thus making your actions public. If you’re looking to get access to this feature, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader package lets you to take advantage of many of the features of The Novice package. It is in this plan that you can set up an individual profile that allows you to share with other associate users all your knowledge and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to improve their trading skills. While it’s nice however, there’s a crucial feature that is missing. Unlike the previous Novice package, you won’t be able to view other traders’ statistics, which could be a disadvantage for those who are anticipating this level. Profitly Out Of Business
This is by far the most premium package that Profit.ly offers to experienced traders. With $74.95 per month, and 22% off when billed annually the Pro plan has it all. It gives you full, unlimited access to all the features of the previous plans combined.
In addition, you’ll be able to view other people’s stats, but you’re also given the option of creating an individual profile. Both of these features, on top of all the advantages that you can utilize to the fullest potential. If you’re in search of an account that will give you with everything you require as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly has a few other services they offer. One of these is its online store, where customers can select from a variety of instructional videos that are created to provide guidance on the ins and outs of trading. The products listed on this page of the website can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “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 things trading-related, clips and footage of the Annual Pennystocking Conference, and other products by expert traders.
The chat rooms that are integrated are also part of Profit.ly’s variety of services and features. You are probably familiar with the chat room as you will see it on social and messaging platforms in addition to a few special websites that provide live chat support. However, in Profit.ly it’s seen as a area where experts and members can interact and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the members. Some may be a laid-back person who is rarely active, while another may be more active and in touch with their students. Think of the chat rooms like Profit.ly’s version of a forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock trader types, from novices to experienced professionals. Considering the number of offers it has to offer it is certain to have something for all.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. In addition, they will get daily videos and chat room advice by its internal gurus and their members. They’ll also be able to pick from the merchandise available in its online store for them to take wherever they may travel. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll be able to realize that trading is a high stakes game that shouldn’t be taken as an amusing pastime.
For the traders with many years of experience down the road, we consider Profit.ly equally suited to them as people who are just beginning. While the newbies may not be as well-equipped with handling trading matters but the experts already know how it works and the risky mix that it carries. It is ideal to utilize Profit.ly’s array of options to their maximum advantage to improve their skills in trading. Like novices, they can study from the gurus and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the fun! People in the trade industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others in order to guide them through the ever-illustrious trading process. Profitly Out Of Business
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders across the globe with tons of learning tools, communication, and trading tools
- You’ll be taught by experts and insights from its internal experts, which include collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for the majority of its users
- As traders may opt to open any kind of trade, there is a possibility that some of them could profit from selecting the best trades in order to boost their rating This could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds because the premium customers will immediately benefit from the many services the platform has to provide
The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it’s a ‘yes’. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. It wasn’t meant to be designed in this way. Instead, you should have curiosity. Profitly Out Of Business
What we are referring to by ‘yes’ is that it can be a great learning tool. People who are stuck may discover Profit.ly’s variety of resources helpful when they try their best to reduce losses and be more successful than they did before. It’s not just the struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be better at trading and wish to learn from your peers and experts along the way, then look no further – Profit.ly is a fantastic option to begin.
FAQ Profitly Out Of Business
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades within the ‘My Trade section of the dashboard. It allows you to post your trades, either verified or not. You may choose between three choices:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there’s a high likelihood that it can be verified. This is indicated with the blue check mark. If you submit it manually or through pictures, it will be classified as unverified.
The disadvantage of an unverified trade is the risk of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just seeking to make the most profit but also help each other learn and improve in acquiring opportunities on the stock market all over the world.