Stock trading can be a high-stakes game. On certain days, you could enjoy the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen and it can be very difficult to get back to where you were at your most productive. If you find yourself always in the mud it is important to realize that relying on your instincts and preserving may not always be enough.
If you’ve suffered loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve discovered an online platform that will help you in your growth in the market. This review will take the time to look at Profit.ly, a well-recognized 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 Sphs
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of all levels to be informed and accountable, as well as transparent and uplifting with one another through its wide array of tools and features such as trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for traders new to trading and also as a platform for experienced traders to track their performance through the use of advanced analytics tools. Offering users a broad range of resources for trade and communication, it helps traders from all walks of life network with one another. It also allows gurus to make worthwhile investments within the confines of the platform. Consider it the social media equivalent 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’s trading model is based on trust and transparency. it makes sure that trades are authentic and won’t tolerate inauthenticity as much as possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that has never been previously done.” The idea, he added, served two goals: 1.) making public records for all traders, not just the gurus and newsletter writers and students as well as) making it possible for all users to learn from the losses and wins to the benefit of the trading industry. Profitly Sphs
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of features and services aimed at achieving the success of their business. It is possible to create an account for free, but you’re only limited to having the capability to browse the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real time, you will need to subscribe to any of Profit.ly’s offerings, which we will go over shortly.
The process of opening an account is easy: create an account with your experience and knowledge, then connect your brokerage account, and you’ll be given a chance to shoot your way to high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users an insight into their performance as a trading group as well as its gurus. You’re not just allowed to demonstrate value to a large group of traders. You are also able to use Profit.ly to purchase from a guru with the confidence that you are confident in their skills and the legitimacy of their claims.
If you are unsure about the concept of leaking the details of your broker account then you could choose to publish your trades, whether verified or otherwise, through screenshots. Also included in Profit.ly are the vast number of courses in trading and the capability to see statistics on a person’s profile and other methods to interact with your experts in the chatroom, in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for under $5 for each share. The penny stock market could be viewed as a stepping stone for small-scale businesses to make the transition to a market that is larger as it allows them to access money from the general public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes is sure to reveal through his many years of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made over $6 million of earnings during his long and successful career as trading professional. At the age of 25, he had been given greater exposure and a larger influence over time when he was a part of the reality TV show “Wall Street Warriors.” He made use of the show to develop trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place for transparency, and for the community to uplift and compete against each other through 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 company’s internal gurus. Gurus are referred to the experts in trading who have made significant amounts of profit through their years of expertise. Profitly Sphs
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, 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 look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you will see him focus on the fundamental stock catalysts and use them to predict the next moves that could occur when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as Android devices; email, text, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 per month, this is an ideal plan for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in the previous plan, including swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Profitly Sphs
The Superman Alerts plan is his package of vital features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist and the mobile app, daily market commentary shown in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base provided by Superman himself through his Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. In addition you’ll also have an access to high-quality research papers as well as an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to get you going. The platform offers three membership tiers that are designed to accommodate traders at different levels. Let’s break down what these three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. When you sign up for this plan, you will be immediately provided with a variety of powerful and vital trading tools, each of them integral in keeping your hands on what we could call a ruthless process by itself.
The list of features 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 providing feedback on trades today. You’re also allowed to get on leaderboards; analyze your trades, sort and filter your trades and lastly, look at other’s stats.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. You can’t create a private account, making your actions public. If you’re interested in gain access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package lets users to benefit from a majority of features from The Novice package. It is in this plan that you are able to create an account that is private for sharing with fellow associate users all the insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to improve their trading skills. Although it’s a nice thing but there’s one important aspect that’s not included. Unlike the previous Novice package, you will not be able to see other traders’ statistics this might be a drawback for those anticipating this level. Profitly Sphs
Pro Plan
The Pro plan is the highest luxurious package Profit.ly can offer to experienced traders. With $74.95 monthly, and 22% off for annual billing This plan offers everything. You get full, no-holds-barred access to all features from the two prior plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the chance to create your own private profile. Both of these features, in addition to the advantages that you can utilize to the maximum extent. If you’re in search of an account that will give all the features you need to be a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly offers a number of additional services that it can provide. One of those is its online store, which lets users select from a variety of instructional videos that are created to provide guidance on the ins and outs of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and footage taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s variety of features and services. You are probably familiar with the concept of the chat room since you can see it across social and messaging platforms in addition to a few special websites that provide live chat support. However, in Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the members there. One might be laid back and less active, while another may be more active and in touch in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, from novices to experienced professionals. With the variety of deals it has to offer it is certain to have something for all.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. In addition, they will be provided with videos every week and chat room advice from the in-house experts as well as their members. They’ll also be able to choose from the items from its online store that they can take with them wherever they be. You can also get hands-on experiences by trading through the platform, but eventually they’ll realize that this is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with years of exposure down the line, we see Profit.ly equally suited to them as the newcomers. While novice traders may not be as adept at dealing with trading issues, the pros already understand how it works and the risky mix that come with it. Ideally, they may utilize Profit.ly’s variety of features to their best advantage to enhance their trading skills. Like novices, they can study from the gurus and experts , and use those short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the excitement! 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 capabilities to display their expertise to other traders as a way to guide them through the ever-illustrious trading process. Profitly Sphs
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You will receive excellent training and advice from the company’s inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its users
- As traders may opt to open any kind of trade, there’s the possibility that some of them will profit by selecting the best trades in order to boost their rating – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds as the premium customers are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could come up with the answer, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always meant to be designed to achieve this goal. Instead, you need to have an open mind. Profitly Sphs
What we do mean”yes” is that it can be a great learning tool. Those who may be stuck could be able to find Profit.ly’s variety of resources helpful in their efforts to incur lesser losses and be more successful than before. Not only poor traders that can benefit from this platform. It can accommodate beginners and even experts!
If you really desire to be more successful in trading and would like to learn from your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Profitly Sphs
How can you make use of Profit.ly to make your trades public?
Profit.ly has a trade entry portion within the “My Trade’ category of the dashboard which lets you record your trades that are verified or not. There are three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades using specified spaces and information.
- Take a photo of your transactions
How do I know whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s a high likelihood that it can be verified. This is shown by the small blue check. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The downside of having an unverified trade is the chance of getting downvotes from your friends and colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via 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 over 150,000 investors and traders since they’re not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market left and right.
