Stock trading can be an exciting game with high stakes. Some days, you may have the benefit of positive and satisfying numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to get back to where you were your best. If you find yourself immersed in the water it is important to recognize that relying on pure instinct and preservation might not be enough.
If you’ve suffered losses from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the world, which is why we’ve discovered an option that can help you to improve your performance within the field. This review will take an in-depth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profitly Per Hour
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informed responsible, transparent, and uplifting with each other through its broad variety of tools and features such as chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for traders new to trading and as a hub for traders with experience to keep track of their performance through the use of advanced analytics tools. Providing users with a wide array of options for 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 that the site. Consider it a social media site akin to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform for trading is built 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 expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes publication, Sykes said that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never previously done.” This idea Sykes said served two objectives: one) creating public track records for not just the gurus and newsletter writers and students as well as) allowing all users to gain insight into the losses and wins for the trading industry’s benefit. Profitly Per Hour
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of features and services aimed at achieving success. You may set up an account on the site at no cost, however you’re limited to the capability to browse the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s offers, which we will go over shortly.
Making an account simple: Create a profile with your experiences and expertise, connect to 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 mentioned previously it is designed to provide its users a look at their performance as a trading group and its gurus. It’s not just a way to show value to a community of traders. You are also able to use Profit.ly to purchase with a guru, and have the confidence that you are confident of their knowledge and the legitimacy of their assertions.
If you are unsure about the idea of divulging information about your account with a brokerage, you may opt to post your trades, whether verified or not, by taking screenshots. Also included in Profit.ly are a variety of trading courses and the capability to see stats in a trader’s profile, and more ways to communicate with your gurus in the chatroom, along with email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his involvement in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at less than $5 per share. Penny stock trading can be seen as an opportunity for small-scale businesses to make the transition into a larger market because it gives them access to capital from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell thanks to his years of experience.
Beginning in the latter years of high school, Tim Sykes has, since then, made more than $6 million in earnings through his lengthy career as trading professional. At 25 years old Tim Sykes had received greater exposure and an even wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” He used the opportunity to develop trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of transparency and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have proven to make substantial amounts of money through their years of expertise. Profitly Per Hour
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their niche in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, 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 stock day trading through Tim’s Alerts. At $74.95 for a month you will observe him focus on basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS as well as Android devices, as well as email, text and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 for a month this is a great option for those who are more invested in investing in penny stocks. Pennystocking Silver includes all the basic features found in earlier plans including alerts for swing trading and access to a rich library of more than 7,000 instructional videos and new videos released weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Profitly Per Hour
The Superman Alerts package is his offering of essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist as well as the mobile application, 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, plus access to a knowledgeable base of information provided by Superman himself through his Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. On top of that you’ll also have the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership levels that cater to 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 basic plan that is designed specifically for those who are new to the world of trading. When you sign up for this plan you’ll be given a slew of robust and essential trading tools, each one of them essential in keeping your fingers on what we can describe as a cutthroat procedure in its own.
The list of features 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 messaging your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards; analyze your trades, sort or filter the trades you make and, lastly, view other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it looks attractive just by the price, there is a downside. You aren’t able to create a personal account, making your personal information public. If you’re interested in gain the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets users to benefit from a majority of features from The Novice package. This plan allows that you can create a private profile to share with other associates all your insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to develop their trading skills. As nice as it seems however, there’s a crucial element that’s missing. In contrast to the Novice package, you won’t be able to see the statistics of other traders, which could be a disadvantage for those who are eager to try this new tier. Profitly Per Hour
This is by far the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 monthly, which includes 22% off for billing annually This plan offers it all. You get full, no-holds-barred access to all the features of the prior plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the opportunity to create a private profile. These two features are plus the other benefits that you can use to their fullest capacity. If you’re in search of an option that gives all the features you need to be trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly offers a number of additional services that it can provide. One of these is its online store, where customers can choose from a wide array of instructional videos that are created to guide you through the ins and outs of trading. The products listed in this section of the website can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and all other related to trading, videos and scenes of the Annual Pennystocking Conference, and products from other expert traders.
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 chat room since you will see it on social and messaging platforms, as well as some specialty websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a hands-on space where experts and their members can interact and share knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members there. One of them may be a laid-back person who is not very often active, while another might be more online and communicative in their interactions with students. Think of chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock trader types, from novices to experienced professionals. Considering the number of offers it can provide, the platform surely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. In addition, they will be provided with videos every week and chat room tips by its internal gurus and members. They’ll also be able choose from the items on its store online for them to take wherever they may go. They can also gain hands-on experiences by trading through the platform, but ultimately they’ll realize that the process is a risky game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suitable to them as the newcomers. While novice traders may not be as proficient in dealing with trading issues but the experts already know how it works along with the stack full of risks that it carries. Ideally, they may utilize Profit.ly’s range of features to their full advantage to enhance their trading skills. Like novices, they can study from the gurus and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Trade professionals who are at similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to guide them through the ever-illustrious trading process. Profitly Per Hour
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with tons of learning tools, communication, and trading tools
- You’ll be taught by experts and tips from the inside experts, as well as collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost – there truly is something for all
- Profit.ly’s abundance of products and packages offered might be too much for the majority of its users
- Since traders can choose to post any kind of trade, there’s the possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings this could be a concern that should not be ignored.
- Profit.ly does not accept refunds because its premium users will immediately benefit from the many services that the platform can offer
The Final Concluding Question is: Is Profit.ly Worth It?
If we could come up with an answer to this question, it would be yes. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally intended to be created in this way. Instead, you should have the ability to think with an open heart. Profitly Per Hour
What we mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck may be able to find Profit.ly’s variety of resources to be helpful as they do their best to avoid losses and perform better than they did before. It’s not only the poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
If you truly desire to be a better trader and want to learn from your fellows and gurus along the way, then look no further – Profit.ly could be a good alternative to start.
FAQ Profitly Per Hour
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion within the ‘My Trade section of the dashboard which lets you post your trades that are verified or not. There are three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your trades
How can I tell whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is evident by the small blue check. If you upload it in a manual way or by taking pictures, it will be assigned as unverified.
The downside of having an unauthenticated trade is the chance of receiving downvotes from colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store and 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 more than 150,000 traders and investors, as they not only are looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities in the stock market both right and left.