The stock market can be an extremely risky game. Some days, you may enjoy the benefits of positive and satisfying numbers. On other days, however it could be the reverse and it can be very difficult to return to where you were your peak. If you’re constantly stuck in the gutter, you will have to realize that relying on pure instinct and preservation is not always enough.
If you’ve experienced occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe, which is why we’ve discovered an online platform that will help you to improve your performance in the market. In this review, we’ll take an in-depth look at Profit.ly A well-respected 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Profitly Packages
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of all levels to be knowledgeable responsible, transparent, and uplifting with one another through its wide array of tools and features such as chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for those who are starting out as well as a place for experienced traders to track their performance through the use of sophisticated analytics tools. Providing users with a wide range of resources for communication and trade that help traders from every field of business connect with each other. It also allows gurus to make worthwhile investments within the confines of the platform. Think of it as a social media site akin like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the trades are valid and won’t accept fake news as long as it is possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never done before.” This idea, he added, served two goals: 1.) creating public track records for all traders, not just the gurus, but also the students and newsletter writers, and 2) giving all users to gain insight into both losses and wins to the benefit of the trading industry. Profitly Packages
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of services and features geared at achieving achievement. It is possible to create an account for free, but you’re only limited to having access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s offers, which we will discuss in the near future.
Setting up an account is simple: Create an account with your experience and skills, join your brokerage account, and you’ll have the chance to climb your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a glimpse of their performance as a trading group and its experts. It’s not only a chance to prove that you’re worthy to the community of traders, but you are also able to use Profit.ly to purchase from a guru with the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, then you could decide to share your trades, verified or not, by taking screenshots. In Profit.ly are the vast number of trading courses and the capability to see stats in a trader’s profile as well as other ways to connect with your gurus in the chatroom, as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for under $5 for each share. Penny stock trading is a stepping stone for small companies to move to a market that is larger as it allows them to access capital 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 expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of earnings throughout his illustrious career as a trader. When he was 25 years old, he had been given greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a platform for transparency and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have proven to make substantial amounts of money from their combined years of experience. Profitly Packages
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on this platform: the 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 Let’s look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you will see him focus on the basic stock catalysts and employ them to predict the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS and Android devices, as well as email, text 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 program. At $149.95 per month, it is an ideal plan for investors who are involved in the penny-stock market. Pennystocking Silver includes all the basic features that were included in prior plans, which includes swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both 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 earnings. Profitly Packages
The Superman Alerts plan is an offering of essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist and the mobile app, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge provided by Superman himself via his Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. On top of that you’ll also gain access to premium research reports and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and leave a mark in the market, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers that cater to traders at different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
The package called Novice 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 will be immediately offered a range of strong and vital trading tools, each one of them essential in keeping your fingers on what we could call a ruthless process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following, and even messaging other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, and filter your trades; and, finally, see other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive just by the price but there’s a disadvantage. It isn’t possible to create a private account, making your activities publicly available. If you’re looking to have an account with this option, keep an eye on us as we present to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows you to use many of the features of the novice plan. It is in this plan that you are able to create an individual profile that allows you to share with fellow associates all your insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to harness their expertise in trading. As nice as it seems however, there’s a crucial feature that is missing. In contrast to the Novice package, you will not be able view other traders’ stats, which could be a problem for those eager to try this new tier. Profitly Packages
Pro Plan
This is by far the highest luxurious package Profit.ly could offer for seasoned traders. At $74.95 per month, with 22% off for annual billing This plan offers everything. It gives you full, unlimited access to all the features from the two previous plans.
Not only do you get to look at other people’s statistics, but you’re also given the chance to create your own private profile. These two features are in addition to the advantages that you can utilize to the fullest potential. If you’re looking for a plan that can serve you everything you need as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly has a few more services it has to offer. One of those is its online store, where customers can choose from a wide array of instructional videos that are designed to inform and help you understand the nuances and pitfalls of trading. The products listed in this section of the site can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other related to trading, videos and clips of the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s range of features and services. You’re probably familiar with the chat room since you can find it throughout social and messaging platforms in addition to a few special websites that offer live chat support. But on Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the listed members there. One of them may be laid back and less active, while another might be more interactive and online 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 variety of offerings and features are geared towards an array of stock traders, ranging from beginners to experienced pros. With the variety of deals it offers this platform definitely has something for all.
Newbies, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. Not only will they be provided with videos every week and chat room advice by its internal gurus as well as their members. Additionally, they can choose from the items in its online store that they can take with them wherever they may be. Additionally, they can gain practical experience trading on the platform, however, they will soon learn that this is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have many years of experience down the road, we consider Profit.ly equally suitable to them as people who are just beginning. Although the novices might not be as adept at handling trading matters however, experienced traders know how it works and the plethora of risks that come with it. It is ideal to utilize Profit.ly’s array of features to their full advantage to improve their trading abilities. Like beginners, they can learn from the top experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the enjoyment! Trade professionals who are at the same level as Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others in order to assist them in the ever-changing trading process. Profitly Packages
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You get to be provided with excellent lessons and insights from its in-house gurus, including collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There’s something for every person
The Cons
- Profit.ly’s abundance of packages and services offered could be too much for most of its customers
- Since traders can choose to open any kind of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to increase the rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because the premium customers are expected to instantly take advantage of the numerous services the platform has to provide
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The Final Concluding Question: Is Profit.ly Valued?
If we could come up with the answer, it’s yes. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally designed to be used in this way. Instead, it is best to keep curiosity. Profitly Packages
What we do mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck could find Profit.ly’s variety of resources helpful as they do their best to reduce losses and perform better than before. It’s not only the poor traders that can benefit from this platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely desire to be a better trader and want to be taught by your mentors and peers along the way, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Profitly Packages
How can you make use of Profit.ly to publish your trades?
Profit.ly has a trade entry portion in the “My Trade section of the dashboard which lets you post your trades that are verified or not. There are three choices:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is evident by the blue check mark. If you post it manually or through images, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the possibility of getting downvotes from your friends and colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities in the stock market all over the world.
