Stock trading can be an exciting game with high stakes. On some days, you could enjoy the benefits of positive and satisfactory numbers. However, on other days it could be the reverse and it could be extremely difficult to get back to where you were your best. If you find yourself constantly stuck in the gutter it is important to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered losses 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 fellow traders from around the world, which is why we’ve found a platform that can support you to improve your performance in the industry. This review will be taking a look at Profit.ly A well-respected 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 Supported Brokers
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 various levels to be informed responsible, transparent, and encouraging each other by offering a wide variety of tools and features like trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for people new to trading as well as a place for traders with experience to keep track of their performance through the use of advanced analytics tools. Offering users a broad array of options for communication and trade that help traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas of this platform. Think of it as an online social media platform similar like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes said that Profit.ly was based “on showing the entire spectrum of trades, something which was never done before.” The concept was, he said, serving two goals: 1.) making public records for all traders, not just the gurus as well as newsletter writers and students and secondly) making it possible for everyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Profitly Supported Brokers
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of features and services aimed toward success. You can create an account for free, but you’re only given access to the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time You’ll need to sign up to one of Profit.ly’s offerings, which we will review in the coming days.
Setting up an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account, and you’ll have the chance to climb through high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a glimpse of the performance of the trading community and its gurus. It’s not only a chance to prove your worth to a community of traders, but you can also use Profit.ly to shop with a guru, and have the confidence that you are confident in their skills and the veracity of their claims.
If you are unsure about the idea of divulging information about your account with a brokerage, you can opt to post your trades, whether verified or not, via photographs. Included in Profit.ly are the vast number of courses in trading, the ability to view stats in a trader’s profile, and more ways to interact with your experts through the chatroom along with notifications via email or text as well as updates.
> > Click Here to Check Out Profit.ly < <
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock is a small business’s shares that trade for under $5 for each share. Penny stock trading can be seen as an opportunity for small-scale businesses to make the transition to a market that is larger as it gives them access to capital from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes can surely tell because of his decades of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as a trader. At the age of 25 Tim Sykes had received greater exposure and a larger influence over time when he became part of the reality series “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms, penny stock themes, and educational material aimed at those who are new to the trading field. He also played a role in establishing Profit.ly as a place of openness, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have made substantial amounts of money from their combined years of knowledge. Profitly Supported Brokers
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their niche in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, only two gurus remain on this platform: Founder and 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 the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you will see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as Android devices, email, text, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 per month, this is the perfect plan for those who are invested in penny stock trading. Pennystocking Silver comes with all the standard features of earlier plans such as alerts for swing trading and access to a rich library of more than 7,000 instructional videos that are updated weekly.
> > Click Here to Check Out Profit.ly < <
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly Supported Brokers
The Superman Alerts package is his offering of essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile application, daily market updates in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base that is provided by Superman himself through 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. In addition you’ll also have access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. Once you have signed to this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your fingers on what could call a ruthless process in and of itself.
Among the list of things you can do with Profit.ly’s Novice package is the capability to check trades and track profits; leading, following and even texting your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze, sort, as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per month. Although it looks attractive just by the price but there’s a disadvantage. You can’t create a private account, making your actions public. If you’re looking to gain an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to take advantage of many of the features of The Novice package. It is in this plan that you can create a private profile to share with other associate users all the insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to develop their expertise in trading. While it’s nice however, there’s a crucial element that’s missing. Unlike the previous Novice package, you won’t be able view other traders’ stats, which could be a disadvantage for those eager to try this new tier. Profitly Supported Brokers
Pro Plan
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 monthly, with a 22% discount when billed annually the Pro plan has everything. It gives you full, unlimited access to all the options of the previous plans.
You’re not only able to see other users’ stats, but you’re also given the chance to create your own private profile. These two features are in addition to the advantages that you can utilize to the fullest potential. If you’re in search of an account that will give you with everything you require as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly provides a variety of more services it has to provide. One of those is its online store, which lets users select from a variety of instructional videos that are designed to inform and 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. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other related to trading, videos and clips taken from the Annual Pennystocking Conference, and products from other expert traders.
> > Click Here to Check Out Profit.ly < <
The chat rooms that are integrated are also part of Profit.ly’s variety of services and features. You’re probably familiar with the chat room as you can find it throughout messaging and social platforms, and also on a few specialty websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a place where gurus and their members trade and share knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members. Some may be more laid back and rarely active, while another might be more active and in touch in their interactions with students. Think of the chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock trader types, from novices to the most experienced. With the variety of deals it can provide this platform definitely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. They will also be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. They’ll also be able choose from the items on its store online that they can take with them wherever they may go. They can also gain hands-on experiences from trading within the platform, but eventually, they will soon learn that the process is a risky game that shouldn’t be taken as a joke.
For traders who have many years of experience down the line, we see Profit.ly equally suited to them as the newcomers. While the newbies may not be as proficient in managing trading, the pros already understand the way it functions and the risky mix associated with it. In the ideal scenario, they can make use of Profit.ly’s range of options to their maximum advantage to enhance their skills in trading. Like novices, they can learn from the top experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Verified experts can also join in the fun! People in the trade industry who are on similar levels to Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to navigate them through the ever-changing trading process. Profitly Supported Brokers
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with tons of learning tools, communication, and trading 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 live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost – there truly is something for everyone
The Cons
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for a lot of its customers
- If traders decide to make any type of trade, there’s the possibility that some of them will profit by picking the most profitable trades to improve their ratings This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as its premium users are expected to immediately benefit from the many services the platform has to provide
> > Click Here to Check Out Profit.ly < <
The Final Concluding Question: Is Profit.ly worth it?
If we were able to come up with the answer, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally designed to be used to achieve this goal. Instead, you should have the ability to think with an open heart. Profitly Supported Brokers
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck may discover Profit.ly’s range of resources helpful in their efforts to incur lesser loss and perform better than they did before. It’s not only the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be a better trader and want to be taught by your mentors and peers throughout the process, then look no further – Profit.ly could be a good choice to start.
FAQ Profitly Supported Brokers
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 section of the dashboard. It lets you record your trades, verifiable or not. You may choose between three options:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually entering your trades using specified spaces and information.
- Take a photo of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there’s an excellent chance that it is verifiable. This is shown by the blue check mark. If you post it manually or through pictures, it will be classified as unverified.
The disadvantage of an unverified trade is the chance of receiving negative feedback from friends and colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of stock market opportunities all over the world.
