The stock market can be a high-stakes game. Some days, you might be reaping the benefits of pleasing and positive numbers. On other days, the opposite may happen, and it may sometimes be very difficult to return to where you were your most productive. If you are constantly stuck in the gutter, you will have to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe. That’s why we’ve found a platform that can support you in your improvement in the industry. 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profitly Sign
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informed responsible, transparent, and to build relationships with one another through its wide array of tools and features including chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for those who are starting out and as a hub for experienced traders to track their performance through the use of sophisticated analytics tools. It provides users with a vast variety of tools for communication and trade and letting traders from every field of business connect with one another. It offers gurus with worthy investments within the boundaries of this platform. Consider it an online social media platform similar to Facebook and Reddit but with a focus on 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 transparency and honesty: it makes sure that trades are valid and won’t allow for fraud as much as is humanly possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine Sykes declared that Profit.ly was based “on the transparency of every trade, something that has never been done before.” The concept, he added, served two goals: 1.) making public records for not just the gurus as well as newsletter authors and students, and 2) making it possible for everyone on the platform to gain insight into both losses and wins to the benefit of the trading industry. Profitly Sign
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of tools and services that are geared towards achieving achievement. It is possible to create an account there at no cost, however you’re only given the capability to browse the leaderboard and follow the activities of non-gurus. If you’re interested in investing 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, which we will discuss in the near future.
The process of opening an account is simple: Create an account with your experience and skills, join to your brokerage account and you’ll be given an opportunity to make your way to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a glimpse of how the community of traders performs and its experts. You’re not just allowed to prove value to a community of traders, but you can also use Profit.ly to purchase from a guru with the assurance that you’re confident with their expertise and the credibility of their claims.
If you are unsure about the idea of divulging the details of your broker account you may choose to publish your trades, either verified or not, by taking photographs. Included in Profit.ly are the vast number of trading courses as well as the ability to look at stats in a trader’s profile, and more ways to communicate with your gurus through the chatroom in addition to 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 is famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for just less than 5 cents per share. The penny stock market is a stepping stone for small-scale businesses to make the transition to a large marketplace as it gives them access to funds from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell because of his decades of experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, made more than $6 million in earnings during his long and successful career as trading professional. At 25 years old, he had been given greater exposure and an even wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” He then took advantage of it to create trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place of transparency, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning resources, trade alerts, as well as other useful information provided by the company’s internal gurus. These gurus refer to the trading experts who have earned substantial profits from their collective years of knowledge. Profitly Sign
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the trading industry. Some of the 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 and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you will see him focus on the basic stock catalysts and employ them to anticipate the next moves that could occur when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is 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. It costs $149.95 monthly, this is an ideal plan for those who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features found in the previous plan, which includes alerts for swing trading and access to an extensive library of more than 7,000 instructional videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “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 total trading profits. Profitly Sign
The Superman Alerts plan is his offer of the most essential features and trading alerts geared to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket along with the mobile app, daily market updates in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. Additionally, you’ll also get the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to help you up and running. The platform has three membership levels that cater to traders with different levels. Let’s break down what these three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. Once you have signed up for this plan, you will be immediately given a slew of robust and essential trading tools, all one of them essential in keeping your fingers on what call a competitive process in and of itself.
Some of the features you can do with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze your trades, sort or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan is $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, which makes your personal information public. If you’re looking to get an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from many of the features of the novice plan. This plan allows that you can set up a private profile to share with other associate users all your knowledge and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to harness their trading skills. While it’s nice, there is one significant aspect that’s not included. In contrast to the Novice package, you will not be able to view other traders’ stats that could be a problem for those who are anticipating this level. Profitly Sign
Pro Plan
This is by far the highest expensive plan Profit.ly offers to experienced traders. With $74.95 monthly, with 22% off for billing annually, this tier has everything. You will have full, unrestricted access to all features of the previous plans combined.
You’re not only able to view other people’s stats, but you’re also given the opportunity to create a private profile. These two features are in addition to the benefits that you can use to the fullest potential. If you’re in search of a plan that can serve you with everything you require as a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly provides a variety of more services it has to offer. One of these is its online store, which allows users to choose from a wide array of video products that are designed to educate and provide guidance on the nuances and pitfalls of trading. The products listed in this section of the website can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and clips taken from the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s variety of services and features. You may be familiar with the chat room since you can see it across social and messaging platforms in addition to a few special websites that offer live chat assistance. However, in Profit.ly, it is seen as a hands-on area where experts and members can interact and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members. One might be laid back and less active, while another might be more interactive and online in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, from novices to experienced professionals. With the variety of deals it has to offer, the platform surely has something for every person.
For instance, newbies will appreciate Profit.ly’s knowledge-based information available on the platform. In addition, they will be provided with videos every week and chat room advice by its internal gurus and members. They’ll also be able select from the products in its online store that they can take with them wherever they be. Additionally, they can gain practical experiences from trading within the platform, but ultimately, they will soon learn that the process is a risky 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 as equally as suitable for them as it is for those who are just starting. While novice traders may not be as adept at handling trading matters, the pros already understand the way it functions and the stack full of risks that come with it. Ideally, they may utilize Profit.ly’s range of features to their full advantage to improve their trading skills. As beginners, they are able to study from the gurus and experts , and use those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others in order to navigate them through the ever-changing trading process. Profitly Sign
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You will be taught by experts and advice from the company’s internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for a lot of its users
- Since traders can choose to post any kind of trade, there’s the possibility that some of them could profit from selecting the best trades in order to improve their ratings – this may be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as its premium users are expected to immediately take advantage of the numerous features the platform is able to offer
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The Final Verdict: Is Profit.ly worth it?
If we could come up with the answer, it’s yes. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you should have curiosity. Profitly Sign
What we do mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck may find Profit.ly’s range of resources to be helpful as they do their best to incur lesser losses and perform better than they did before. It’s not only the struggling traders that will profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely care about being more successful in trading and would like to learn from your peers and experts on the way, look no further – Profit.ly could be a good choice to start.
FAQ Profitly Sign
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries in the My Trade’ category of the dashboard which allows you to post your trades that are verified or not. There are three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your transactions
How do I know if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there is the likelihood that it can be verified. This is shown by the blue check mark. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The downside of having an unauthenticated trade is the risk of getting downvotes from your friends and colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of stock market opportunities left and right.
