The stock market can be an exciting game with high stakes. On some days, you could be reaping the benefits of positive and satisfying numbers. On other days, however it could be the reverse and it could be very difficult to return to where you were your best. If you’re always in the mud it is important be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve experienced loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe, which is why we’ve identified a platform that can support you in your growth within the field. This review will take a 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Profitly Prices
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 permits traders of different levels to be informative and accountable, as well as transparent and uplifting with each other by offering a wide array of tools and features including trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading 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 with the help of advanced analytics tools. Providing users with a wide variety of tools for communication and trade and letting traders from all walks of life connect with one another. It gives the gurus an opportunity to invest in the right areas of the platform. Imagine it as the social media equivalent to Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are valid and won’t allow for fraud as much as it is 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 interview for Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been previously done.” The idea Sykes said served two goals: 1.) creating public track records for not just the gurus and newsletter writers and students, and 2) making it possible for anyone on the platform to learn from both losses and wins to the benefit of the trading industry. Profitly Prices
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of tools and services that are geared toward success. You may set up an account at no cost, however you’re only given the capability to browse the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s deals, which we will go over shortly.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect your brokerage account, and you have yourself an opportunity to make through the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a glimpse of how the community of traders performs as well as its experts. It’s not just a way to prove value to a community of traders, but you are also able to use Profit.ly to shop from a guru with the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you feel uneasy with the idea of divulging the details of your broker account you may choose to publish your trades, whether verified or otherwise, through screenshots. Included in Profit.ly are a variety of trading courses as well as the ability to look at stats in a trader’s profile and other methods to connect with your gurus via chatrooms in addition to notifications via email or text 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 delving his hands into trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock which trades at less than $5 per share. The trading of penny stocks could be viewed as an opportunity for small companies to move to a market that is larger as it allows them to access funds from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as trading professional. When he was 25 years old, he had been given greater exposure and a larger impact when he became part of the reality show “Wall Street Warriors.” He used the opportunity to develop trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also played a role in establishing Profit.ly as a place of openness, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education resources, trade alerts, as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have earned significant amounts of profit from their combined years of experience. Profitly Prices
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll see him focus on the fundamental stock catalysts and use them to anticipate the next move that is possible when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS as well as Android devices; text, e-mail, 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 package. Priced at $149.95 for a month this is the perfect plan for those who are more involved in the penny-stock market. Pennystocking Silver offers all the essential features of the previous plan, which includes swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Prices
The Superman Alerts plan is an offering of essential 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 premarket stock watchlist as well as the mobile app, the daily market updates 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, as well as access to an extensive base of knowledge that is provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. On top of that you’ll also gain the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers, each designed for traders of different levels. Let’s take a look at what these three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. Once you have signed to this plan you’ll be given a slew of robust and vital trading tools, all of them integral in keeping your hands on what we could call a ruthless process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice program is the capability to check the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards; analyze your trades, sort as well as filter trades and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive just by the price but there’s a disadvantage. You can’t create a private profile, thus making your personal information public. If you do want to get access to this feature, stay tuned as we introduce 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 plan. In this plan, that you can create an account that is private 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 expertise in trading. Although it’s a nice thing, there is one significant element that’s missing. Unlike the previous Novice package, you will not be able to view other traders’ statistics that might be a drawback for some who may be looking forward to this tier. Profitly Prices
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly can offer to experienced traders. With $74.95 each month which includes an additional 22% discount for billing annually the Pro plan has it all. You get full, no-holds-barred access to all the features from the two previous plans combined.
Not only do you get to look at other people’s statistics and data, but you also have the opportunity to create an individual profile. Both of these options, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for an option that gives you with everything you require as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly offers a number of additional services that it can provide. One of those is its online store, which allows users to select from a variety of instructional videos that are created to help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website can be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and all other related to trading, videos and footage taken from The Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s variety of features and services. You may be familiar with chat rooms since you can find it throughout social and messaging platforms and also on a few specialty websites that provide live chat assistance. However, in Profit.ly it’s seen as a hands-on area where experts and members can interact and learn in real time. Every guru has their own way in running their chat rooms and dealing with the members there. Some may be laid back and rarely active, while another may be more active and in touch to their pupils. Think of chatrooms as Profit.ly’s version of the forum in the essence.
Who is the best 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 the most experienced. With the variety of deals it has to offer, the platform surely has something for all.
For instance, newbies will appreciate Profit.ly’s knowledge-based materials available across the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus as well as their members. Additionally, they can select from the products from its online store for them to take wherever they may travel. They can also gain hands-on experience trading on the platform, but ultimately they’ll be able to realize that the process is a high stakes game that should not be viewed as a joke.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suited to them as those who are just starting. While the newbies may not be as well-equipped with handling trading matters, the pros already understand how it works and the stack full of risks that come with it. Ideally, they may make use of Profit.ly’s range of features to their best advantage to develop their skills in trading. Like beginners, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Verified experts can also join in the enjoyment! Those in the trading industry who are on an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. 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 Prices
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You’ll be taught by experts 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 with accurate analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and verifiable trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s diverse range 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 not be enough for most of its users
- As traders may opt to post any kind of trade, there is an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating this could be a concern that should not be ignored.
- Profit.ly does not accept refunds as its premium users are expected to immediately take advantage of the numerous features the platform is able to provide
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The Final Verdict is: Is Profit.ly Valued?
If we could think of the answer, it would be a ‘yes’. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you need to have curiosity. Profitly Prices
What we are referring to by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck could be able to find Profit.ly’s variety of resources to be helpful when they try their best to incur lesser losses and be more successful than they did before. It’s not only the struggling traders that will benefit from this platform. It is able to accommodate novices and even experts!
If you really want to become more successful in trading and would like to be taught by your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Profitly Prices
How do you use Profit.ly to post your trades?
Profit.ly offers a trade entry portion within the “My Trade section of the dashboard that allows you to post your trades that are verified or otherwise. There are three options:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your trades
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 small blue check. If you submit the information manually or via images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the risk of receiving downvotes from colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are seeking to make the most profit but also help each other grow and learn more about acquiring opportunities on the stock market left and right.
