Stock trading is a high-stakes game. Some days, you might be reaping the benefits of positive and satisfying numbers. On other days, however, the opposite may happen, and it may sometimes be very difficult to return to the point you were at your peak. If you are always in the mud it is important to realize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve identified a platform that can support you in your growth in the industry. This review will be taking the time to 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitly Through The Market
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be knowledgeable, transparent, accountable, and encouraging one another through its wide range of features and tools such as trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for traders who are just beginning their journey as well as a place for experienced traders to track their performance with the help of sophisticated analytics tools. It provides users with a vast array of options 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 the platform. Think of it as a social media site akin to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that was never prior to.” The concept, he added, served two objectives: one) creating public track records for not just the gurus, but also the students and newsletter writers and secondly) allowing anyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. Profitly Through The Market
How Does It How Does It
Profit.ly is a subscription-based platform 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 there for free, but you’re only limited to having access to the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time You’ll need to subscribe to any of Profit.ly’s deals, which we will go over shortly.
Making an account easy: create an account that includes your personal information and knowledge, then connect your brokerage account, and you’ll have a chance to shoot through high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users an insight into how the community of traders performs and its gurus. It’s not only a chance to show your worth to a community of traders, but you can also use Profit.ly to purchase from a guru with the assurance that you’re confident in their skills and the veracity of their claims.
If you’re not comfortable with the concept of leaking the details of your broker account then you could opt to post your trades, verified or not, by taking photographs. In Profit.ly are a variety of courses in trading, the ability to view stats in a trader’s profile and other methods to communicate with your gurus in the chatroom, as well as email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades 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 large marketplace as it allows them to access money from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes can surely tell through his many years of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million profit throughout his illustrious career as a trader. At the age of 25, he had been given greater exposure and an even wider impact as a participant in the reality show “Wall Street Warriors.” He then made use of the show to establish trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also helped to establish Profit.ly as a place of 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 wide range of learning sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the experts in trading who have made substantial profits from their collective years of expertise. Profitly Through The Market
At its height, Profit.ly had housed up to five gurus, all of them a professional within their particular field 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: the founder of the penny stock market 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 packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you will see him focus on the basic stock catalysts and employ them to predict the next move that is possible when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS and Android devices, email, text and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 per month, it is the perfect plan for those who are more invested in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in earlier plans which includes swing trading alerts and unlimited access to a library of more than 7,000 instructional videos that are updated every week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both 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 Through The Market
The Superman Alerts plan is an offering of essential features and trading alerts targeted to those interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket along with the mobile app, the daily market updates in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge of information provided by Superman himself, via his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. In addition, you’ll also get access to premium research reports and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers that cater to traders of different levels. Let’s break down what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. When you sign up for this plan, you will be immediately offered a range of strong and vital trading tools, each of them integral in keeping your fingers on what could call a ruthless procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards, analyze your trades, sort and filter your trades; and, lastly, view other’s stats.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive just by the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your personal information public. If you do want to have the benefit of this service, be watching for us to introduce to you Profit.ly’s new plan.
The Trader package lets you to use the majority of features available in The Novice package. This plan allows that you can create an individual profile that allows you to share with fellow associate users all your knowledge and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to harness their trading skills. While it’s nice but there’s one important feature that is missing. As opposed to the prior Novice package, this one won’t be able view other traders’ statistics, which might be a drawback for some who may be anticipating this level. Profitly Through The Market
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. With $74.95 monthly, which includes a 22% discount when billed annually This plan offers everything. You will have full, unrestricted access to all options of the prior plans.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the chance to create a private profile. These two features are on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly has a few other services they offer. One of these is its online store, where customers can choose from a wide array of video products created to help you understand the nuances and pitfalls of trading. The products listed in this section of the website is available to be purchased immediately for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and other things trading-related, clips and clips taken from events like the Annual Pennystocking Conference, and other products by expert traders.
The integrated chat rooms are included in Profit.ly’s array of features and services. You may be familiar with chat rooms since you can see it across social and messaging platforms and also on a few specialty websites that offer live chat assistance. However, in Profit.ly, it is seen as a hands-on space where experts and their members can interact and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the listed members. Some may be more laid back and not very often active, while another may be more interactive and online with their students. Consider chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock trader types, from novices to experienced professionals. Given the wide range of options it offers it is certain to have something for everyone.
For instance, newbies will appreciate Profit.ly’s library of learning materials available across the platform. In addition, they will get daily videos and chat room advice by its internal gurus and members. They’ll also be able to choose from the items in its online store that they can take with them wherever they go. Additionally, they can gain practical experience trading on the platform, however, they will soon learn that trading is a high-stakes game that shouldn’t be treated as a joke.
For the traders with years of exposure down the road, we consider Profit.ly equally suitable to them as the newcomers. Although the novices might not be as proficient in dealing with trading issues but the experts already know the way it functions and the stack full of risks that come with it. Ideally, they may utilize Profit.ly’s range of options to their maximum advantage to enhance their trading abilities. As beginners, they are able to learn from the top experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! People in the trade industry who are at the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders in order to assist them in the ever-changing trading process. Profitly Through The Market
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You will be taught by experts and advice from the company’s internal experts, which include libraries of educational videos and live trading activity.
- You can be sure of complete transparency through 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 a way to build your reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There is truly something for all
- Profit.ly’s numerous products and packages offered might be too much for a lot of its customers
- If traders decide to post any kind of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to boost their rating this could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as its premium users are expected to immediately take advantage of the numerous services the platform has to offer
The Final Concluding Question: Is Profit.ly worth it?
If we were able to 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 the ability to think with an open heart. Profitly Through The Market
What we mean”yes” is that it is a fantastic learning tool. Those who may be stuck might discover Profit.ly’s variety of resources useful in their efforts to reduce losses and perform better than before. It’s not only the struggling traders who will benefit from this platform. It is able to accommodate novices and even experts!
If you really care about being more successful in trading and would like to learn from your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Profitly Through The Market
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries in the ‘My Trade’ category of the dashboard which lets you record your trades, either verified or not. There are three options:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades using the spaces provided and details
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is a high probability that it’s verifiable. This is evident by the blue check mark. If you submit the information manually or via screenshots, it will automatically be assigned 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 cause you to be listed at the top of the Madoff leaderboard, where users can detect who’s being 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 on the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities in the stock market left and right.