The stock market can be an exciting game with high stakes. On some days, you may be reaping the benefits of pleasing and positive numbers. On other days, however, the opposite may happen, and it may sometimes be very difficult to get back to where you were at your best. If you find yourself constantly stuck in the gutter, you will have to realize that relying on instinct and survival may not always 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 an important boost from fellow traders from around the world, which is why we’ve identified an option that can help you in your growth within the field. This review will be taking the time to 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profitly Stephen Dux
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be informative and accountable, as well as transparent and to build relationships with one another through its wide array of tools and features such as chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for those who are just beginning their journey as well as a place for experienced traders to track their performance through the use of advanced analytics tools. It provides users with a vast range of resources to facilitate trade and communication, it helps traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines that the site. Consider it an online social media platform similar like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are authentic and won’t accept fake news as long as is humanly possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been previously done.” The idea was, he said, serving two purposes: 1) creating public track records for all traders, not just the gurus, but also the newsletter authors and students as well as) allowing all users to gain insight into the losses and wins to benefit the industry of trading. Profitly Stephen Dux
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of services and features geared toward success. It is possible to create an account there at no cost, however you’re only limited to having the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is easy: create an account with your experience and knowledge, then connect to your brokerage account and you’ll be given the chance to climb your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a look at their performance as a trading group and its gurus. You’re not just allowed to demonstrate value to a group of traders, as you can also utilize Profit.ly to buy from a guru with the confidence that you are confident with their expertise and the credibility of their assertions.
If you feel uneasy with the idea of divulging your brokerage account, you may decide to share your trades, whether verified or otherwise, through photographs. Also included in Profit.ly are a variety of courses in trading, the ability to view the stats of a trader’s account, and more ways to communicate 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 trading personality who is well-known for his involvement in penny stock trading. According to Investopedia Penny stock is a small business’s stock that trades for under $5 for each share. Penny stock trading could be viewed as an avenue for small businesses to transition to a large marketplace as it allows them to access money from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes will be able to tell you thanks to his years of expertise.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as trading professional. When he was 25 years old, he had been given greater exposure and a larger impact when he was a part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a platform for transparency, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have proven to make significant amounts of profit from their collective years of experience. Profitly Stephen Dux
At its height, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this 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. When we take that into account Let’s look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him focus on the fundamental stock catalysts and use them to forecast 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 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. It costs $149.95 monthly, this is a great option for those who are more involved in penny stock trading. Pennystocking Silver offers all the essential features found in earlier plans such as alerts for swing trading and access to an extensive library of more than 7,000 instructional videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Stephen Dux
The Superman Alerts plan 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 stock watchlist that is premarket along with the mobile application, daily market updates in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge of information provided by Superman himself, via the Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. Additionally you’ll also gain an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers that cater to traders at different levels. Let’s take a look at what these three levels are and what they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. When you sign up for this package, you will be immediately provided with a variety of powerful and indispensable trading tools, each of which is essential to keep your fingers on what could call a ruthless procedure in its own.
Some of the features you can do using Profit.ly’s Novice package is the ability to verify trades and track profits as well as leading, following, and even messaging your fellow traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study your trades, sort as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it might look appealing simply because of the price, there is a downside. You aren’t able to create a personal profile, which makes your activities publicly available. If you do want to get an account with this option, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to take advantage of many of the features of the novice plan. In this plan, that you can create an individual profile that allows you to share with fellow associates all your insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to harness their expertise in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to view other traders’ statistics, which could be a problem for those anticipating this level. Profitly Stephen Dux
This is by far the most luxurious package Profit.ly can offer to experienced traders. With $74.95 each month which includes a 22% discount for annual billing the Pro plan has everything. It gives you full, unlimited access to all the features of the previous plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the option of creating an individual profile. Both of these features, plus the other advantages that you can utilize to their fullest capacity. If you’re in search of an account that will give you everything you need as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly has a few additional services that it can offer. One of them is the online store, where customers can pick from a range of video products created to provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be purchased immediately for personal use. These include best-selling products like the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and footage of The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of features and services. You are probably familiar with the chat room since you can see it across messaging and social platforms, as well as some specialty websites that offer live chat support. But in Profit.ly it’s seen as a hands-on space where experts and their member traders can communicate and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members. One of them may be more laid back and less active, while another may be more active and in touch in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide 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 this platform definitely has something for every person.
For instance, newbies will enjoy Profit.ly’s knowledge-based content offered throughout the platform. They will also get daily videos and chat room advice from the in-house experts and members. Additionally, they can pick from the merchandise available from its online store for them to take wherever they may go. You can also get hands-on experiences by trading through the platform, however they’ll be able to realize that the process is a risky game that should not be viewed as an amusing pastime.
For those traders who have had decades of experience in the line, we see Profit.ly equally suitable for them as it is for those who are just starting. Although the novices might not be as proficient in managing trading but the experts already know how it works along with the plethora of risks associated with it. In the ideal scenario, they can use Profit.ly’s range of features to their best advantage to improve their skills in trading. Like novices, they can study from the gurus and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to help assist them in the ever-changing trading process. Profitly Stephen Dux
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You get to receive excellent training and insights from its inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates – there truly is something for all
- Profit.ly’s bountiful stream of packages and products offered may be too much for the majority of its customers
- If traders decide to post any kind of trade, there’s an opportunity that some them may take advantage by picking the most profitable trades to increase the rating This could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds as its premium users are expected to instantly take advantage of the numerous services the platform has to offer
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The Final Verdict is: Is Profit.ly Valued?
If we could come up with the answer, it would be yes. But it is important to realize that the platform should not be used as a scheme to get rich quick. The platform was not always meant to be designed in this way. Instead, you need to have an open mind. Profitly Stephen Dux
What we do mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they might find Profit.ly’s variety of resources helpful when they try their best to reduce loss and perform better than before. It’s not just the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be more successful in trading and would like to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Profitly Stephen Dux
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries within the “My Trade category on the dashboard. It lets you record your trades that are verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing transactions directly through 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 import your trade through a reliable brokerage, there is the chance that it is verifiable. This is shown by the small blue check. If you post the information manually or via images, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving downvotes from colleagues. A large number of downvotes could cause you to be listed in the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Are the Profit.ly mobile app 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 app version works with all functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just looking to earn maximum profits but also assist each other to learn and improve in acquiring stock market opportunities both right and left.