Stock trading is a high-stakes game. Some days, you may be reaping the benefits of positive and satisfying numbers. However, on other days it could be the reverse and it can be extremely difficult to return to the point you were at your peak. If you find yourself always in the mud it is important be aware that relying solely on your instincts and preserving 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 trading partners from all over the world, which is why we’ve identified an online platform that will help you in your growth in the market. In this review, we’ll take the time to look at Profit.ly is a well-known 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.
Total Rating: 4.1/5 Profitly Per Year
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of all levels to be informed, transparent, accountable, and uplifting with each other through its broad variety of tools and features such as chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for those who are starting out and also as a platform for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Offering users a broad variety of tools to facilitate trade and communication and letting traders from every field of business connect with one another. It offers gurus with worthy investments within the boundaries that the site. Imagine it as a social media site akin like Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine, Sykes said that Profit.ly was based “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 as well as) making it possible for everyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Profitly Per Year
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of tools and services that are geared at achieving success. It is possible to create an account at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is easy: create an account with your experience and knowledge, then connect to your brokerage account and you have yourself an opportunity to make your way up to at the very top of the list. 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 gurus. It’s not just a way to demonstrate value to a group of traders, as you can also utilize Profit.ly to shop from a guru with the confidence that you are confident with their expertise and the credibility of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you may choose to publish your trades, verified or not, via photographs. In Profit.ly is the huge selection of courses in trading, the ability to view the stats of a trader’s account and other methods to interact with your experts in the chatroom, along with email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for under $5 for each share. Penny stock trading can be seen as a stepping stone for small companies to move to a market that is larger as they can access capital from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes can surely tell through his many years of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, earned an estimated $6 million profit through his lengthy career as trading professional. At 25 years old, he had been given greater exposure and a larger influence over time when he became part of the reality TV show “Wall Street Warriors.” He then used the opportunity to develop trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped establish Profit.ly as a platform for transparency 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 most appealing features is the wide range of education sources, 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 earned significant amounts of profit from their combined years of expertise. Profitly Per Year
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among 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. In light of that, let’s take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you will be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next moves that could occur when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS and Android devices, as well as texts, emails 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 monthly, this is a great option for those who are more invested in penny stock trading. Pennystocking Silver offers all the essential features that were included in prior plans, including swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Profitly Per Year
The Superman Alerts package is his package of vital features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket as well as the mobile application, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base that is 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 the growing collection of other previous ones. On top of that you’ll also gain an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers that are designed to accommodate traders with different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. Once you have signed up for this package you’ll be offered a range of strong and essential trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package include the capability to check the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as giving feedback on the trades of today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price however, there’s a drawback. You can’t create a private account, making your actions public. If you’re interested in have an account with this option, keep an eye on us as we present to you Profit.ly’s next plan.
Trader Plan
The Trader plan allows you to take advantage of the majority of features available in The Novice package. In this plan, that you can create an account that is private to share with fellow associate users all the insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to improve their expertise in trading. While it’s nice however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, this one won’t be able to see other traders’ statistics, which could be a problem for those anticipating this level. Profitly Per Year
Pro Plan
This is by far the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 each month and a 22% discount for annual billing the Pro plan has everything. You will have full, unrestricted access to all the features of the previous plans.
You’re not only able to see other users’ stats as well, you’re also offered the option of creating a private profile. Both of these features, plus the other benefits that you can use to the maximum extent. If you’re looking for a plan that can serve you with everything you require as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly provides a variety of additional services that it can provide. One of them is the online store, which allows users to choose from a wide array of instructional videos that are created to guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and other related to trading, videos and clips taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You are probably familiar with the concept of chat rooms since you will see it on social and messaging platforms, in addition to a few special websites that offer live chat support. But on Profit.ly, it is seen as a real-time area where experts and member traders can communicate and learn in real time. Every guru has their own style in running their chat rooms and dealing with the members. One of them may be laid back and rarely active, while another may be more active and in touch in their interactions with students. Think of the chatrooms as Profit.ly’s version of the forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock trader types, from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for every person.
For instance, newbies will appreciate Profit.ly’s library of learning information available on the platform. They will also be enriched with weekly videos and chat room advice from the in-house experts as well as their members. Additionally, they can choose from the items on its store online for them to take wherever they travel. They can also gain hands-on experiences by trading through the platform, however they’ll be able to realize that this is a risky game that shouldn’t be taken as a joke.
For those traders who have had many years of experience down the road, we consider Profit.ly as equally as suitable to them as those who are just starting. While the newbies may not be as adept at handling trading matters however, experienced traders know how it works and the stack full of risks that come with it. Ideally, they may use Profit.ly’s array of features to their best advantage to enhance their trading skills. Like beginners, they can learn from the experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the excitement! Those in the trading industry who are at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to help guide them through the ever-illustrious trading process. Profitly Per Year
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with tons of learning tools, communication, and trading tools
- You’ll receive excellent training and advice from the company’s inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through images
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There is truly something for all
The Cons
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for a lot of its customers
- If traders decide to post any kind of trade, there’s an opportunity that some them may take advantage by selecting the best trades in order to improve their ratings This could be a concern that should not be overlooked.
- Profit.ly does not accept refunds because the premium customers will immediately benefit from the number of features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally designed to be used for this reason. Instead, it is best to keep the ability to think with an open heart. Profitly Per Year
What we do mean”yes” is it can be a great learning tool. Those who may be stuck might discover Profit.ly’s range of resources useful as they do their best to reduce losses and perform better than they did before. Not only struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
If you really care about being better at trading and wish to learn from your fellows and gurus on the way, take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profitly Per Year
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion within the ‘My Trade’ category of the dashboard which lets you post your trades, verifiable or not. You may choose between three options:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
How do I know whether the trade is authentic 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 small blue check. If you submit the information manually or via pictures, it will be assigned as unverified.
The drawback of posting an unverified trade is the risk of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where people can see who’s dishonest in posting 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 as well as in the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of stock market opportunities both right and left.
