The stock market can be a high-stakes game. Some days, you may enjoy the benefits of pleasing and positive numbers. On other days you may experience the opposite and it could be extremely difficult to get back to where you were your peak. If you find yourself immersed in the water You will need be aware that relying solely on instinct and survival might not be enough.
If you’ve been incurring occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve identified a platform that can support you in your growth in the market. 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profitly Steven Dux
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 different levels to be informed responsible, transparent, and encouraging one another through its wide range of features and tools such as chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for people new to trading and as a hub for experienced traders to track their performance through the use of cutting-edge analytics tools. It provides users with a vast range of resources for communication and trade, it helps traders from all walks of life network with one another. It gives the gurus worthwhile investments within the confines of this platform. Think of it as the social media equivalent the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are authentic and won’t accept fake news as long as is humanly possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never done before.” The concept was, he said, serving two objectives: one) making public records for everyone, not just the experts as well as newsletter writers and students, and 2) allowing anyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Profitly Steven Dux
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of tools and services that are geared at achieving achievement. You may set up an account on the site at no cost, however 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’ll need to subscribe to any of Profit.ly’s offerings that we’ll discuss in the near future.
Setting up an account is easy: create a profile with your experiences and expertise, connect to your brokerage account and you have yourself an opportunity to make your way to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users an insight into how the community of traders performs and its experts. You’re not just allowed to prove that you’re worthy to the community of traders, as you can also utilize Profit.ly to buy from a guru with the assurance that you’re comfortable in their skills and the veracity of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may choose to publish your trades, either verified or otherwise, through screenshots. Included in Profit.ly are the vast number of trading classes as well as the ability to look at stats in a trader’s profile, and more ways to interact with your experts through 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 guru who is well-known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock which trades at less than $5 per share. The trading of penny stocks is an opportunity for small companies to move to a large marketplace as they can access funds from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes can surely tell through his many years of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as a trader. At the age of 25 Sykes was given greater exposure and a larger reach of influence as a participant in the reality show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms and penny stock themes and educational material aimed at 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 lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the trading experts who have made substantial profits through their years of knowledge. Profitly Steven Dux
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, 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. With that taken into consideration we’ll take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you will see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS and Android devices, texts, emails and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 monthly, it is a great option for those who are more involved in the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, including swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Profitly Steven Dux
The Superman Alerts package is his offering of essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile app, daily market commentary in real time, and E-mail and SMS alerts.
From “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 Superman Pro. 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 the previous ones. On top of that, you’ll also get the ability to access premium reports on research and 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 leave your mark on the industry, Profit.ly has the right amount of resources to get you going. The platform has three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three tiers are and how much 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. Once you have signed up for this package, you will be immediately provided with a variety of powerful and vital trading tools, each one of them essential in keeping your fingers on what could call a ruthless procedure in its own.
Some of the features you can do with Profit.ly’s Novice package 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. It also allows you to be on leaderboards; analyze, sort, and filter your trades and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. You can’t create a private profile, thus making your actions public. If you’re interested in get access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package allows you to take advantage of the majority of features available in the novice plan. In this plan, that you are able to create an individual profile that allows you to share with other associate users all the insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to improve their skills in trading. Although it’s a nice thing, there is one significant aspect that’s not included. Unlike the previous Novice package, you won’t be able view other traders’ stats that could be a problem for those who are looking forward to this tier. Profitly Steven Dux
Pro Plan
The Professional plan can be described as the highest luxurious package Profit.ly could offer for seasoned traders. At $74.95 per month, with an additional 22% discount for annual billing This plan offers everything. You get full, no-holds-barred access to all the features of the prior plans.
Not only do you get to look at other people’s statistics as well, you’re also offered the chance to create an individual profile. These two features are in addition to the advantages that you can utilize to the maximum extent. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly has a few 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 created to guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be immediately purchased for personal use. Among these products include best-sellers like the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other aspects of trading. There are also clips and scenes from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of features and services. You’re probably familiar with the concept of the chat room as you will see it on social and messaging platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly, it is seen as a area where experts and member traders can communicate and learn 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 not very often active, while another might be more online and communicative with their students. Think of the chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock trader types, from novices to experienced professionals. With the variety of deals it offers, the platform surely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips 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 may go. Additionally, they can gain practical experiences from trading within the platform, however they’ll realize that the process is a high-stakes game that shouldn’t be taken as a joke.
For the traders with decades of experience in the road, we consider Profit.ly equally suitable to people who are just beginning. While the newbies may not be as well-equipped with dealing with trading issues but the experts already know how it works and the stack full of risks that it carries. It is ideal to use Profit.ly’s variety of options to their maximum advantage to improve their skills in trading. Like beginners, they can learn from the top experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the excitement! Trade professionals who are at the same level as Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to help assist them in the ever-changing trading process. Profitly Steven Dux
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders across the globe with a wealth of education communications, trading, and communication tools
- You’ll be taught by experts and advice from the company’s in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and authentic trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices – there truly is something for every person
The Cons
- Profit.ly’s abundance of products and packages offered might be too much for the majority of its customers
- As traders may opt to make any type of trade, there’s the possibility that some of them could profit from picking the most profitable trades to boost their rating this could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds because the premium customers will immediately take advantage of the numerous services that the platform can offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could think of an answer to this question, it would be an affirmative “yes”. However, you must realize that the platform should not be used as a scheme to get rich quick. It wasn’t meant to be designed to achieve this goal. Instead, it is best to keep an open mind. Profitly Steven Dux
What we are referring to by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they may find Profit.ly’s range of resources useful when they try their best to incur lesser losses and perform better than they did before. It’s not only the struggling traders who will profit from the platform. It can accommodate beginners and even experts in the field!
If you really care about being more successful in trading and would like to learn from your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Profitly Steven Dux
How can you make use of Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries within the My Trade’ category of the dashboard. It lets you post your trades, either verified or not. You may choose between three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your trades
How can I tell if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is indicated with the blue check mark. 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 getting downvotes from your colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from 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 connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are trying to maximize profits but also help each other develop and grow in their ability to take advantage of stock market opportunities left and right.
