The stock market can be a high-stakes game. Some days, you might have the benefit of pleasing and positive numbers. On other days, the opposite may happen and it could be very difficult to return to where you were at your peak. If you find yourself always in the mud, you will have be aware that relying solely on instinct and survival might not be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your trading partners from all over the world, which is why we’ve discovered an option that can help you in your improvement in the industry. This review will take an in-depth 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.
Overall Rating: 4.1/5 Profitly Through The Wall
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of various levels to be informative responsible, transparent, and uplifting with one another through its wide variety of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for people who are just beginning their journey and as a hub for experienced traders to track their performance through the use of cutting-edge analytics tools. Offering users a broad variety of tools for communication and trade that help traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries of this platform. Imagine it as a social media site akin the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes stated that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been previously done.” The concept was, he said, serving two goals: 1.) making public records for not just the gurus, but also the students and newsletter writers as well as) giving anyone on the platform to learn from both losses and wins to benefit the industry of trading. Profitly Through The Wall
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of services and features geared at achieving success. You may set up an account there for free, but you’re limited to access to the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s offers, which we will go over shortly.
The process of opening an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account and you’ll have a chance to shoot through at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a look at their performance as a trading group as well as its experts. You’re not just allowed to demonstrate your worth to a large group of traders, but you can also utilize Profit.ly to shop from a guru with the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you can choose to publish your trades, either verified or otherwise, through photographs. Included in Profit.ly is the huge selection of courses in trading, the ability to view the stats of a trader’s account as well as other ways to interact with your experts through the chatroom as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader 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 just less than 5 cents per share. Penny stock trading could be viewed as an opportunity for small-scale businesses to make the transition into a larger market because it allows them to access capital from the 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 expertise.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned over $6 million of earnings through his lengthy career as a trader. When he was 25 years old, he had been given greater exposure and an even wider impact when he was a part of the reality series “Wall Street Warriors.” He then used the opportunity to create trading rooms and penny stock themes and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a place 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 amazing features is the vast array of educational sources, trade alerts and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to the trading experts who have proven to make substantial profits through their years of knowledge. Profitly Through The Wall
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their niche in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing 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. When we take that into account we’ll take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll observe him focus on fundamental stock catalysts and use them to predict the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS as well as Android devices, text, e-mail and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. At $149.95 for a month it is an ideal plan for those who are committed to penny stock trading. Pennystocking Silver includes all the basic features of the previous plan, such as swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading profits. Profitly Through The Wall
The Superman Alerts plan is his offering of essential features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access daily premarket stock watchlist as well as the mobile app, daily market commentary in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base of information provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. Additionally you’ll also gain access to premium research reports and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership levels that cater to traders with different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. As you sign to this plan you’ll be given a slew of robust and vital trading tools, each of which is essential to keep your hands on what we call a competitive procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading and even texting your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, or filter the trades you make and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. You can’t create a private profile, thus making your activities publicly available. If you’re interested in gain access to this feature, be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader plan allows you to take advantage of a majority of features from the Novice plan. This plan allows that you can set up an account that is private for sharing with fellow associates all your insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to improve their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. Unlike the previous Novice package, this one won’t be able to view other traders’ stats this could be a problem for those who are anticipating this level. Profitly Through The Wall
Pro Plan
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. It costs $74.95 monthly, with a 22% discount when billed annually, this tier has everything. You will have full, unrestricted access to all features from the two prior plans.
Not only do you get to look at other people’s statistics and data, but you also have the option of creating a private profile. These two features are on top of all the advantages you’ll be able to use to the maximum extent. If you’re in search of an account that will give you with everything you require as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly has a few other services they provide. One of these is its online store, where customers can choose from a wide array of videos designed to inform and help you understand the nuances and pitfalls of trading. The products listed on this page of the website is available to be purchased immediately for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and scenes of events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You are probably familiar with the concept of chat rooms since you can see it across social and messaging platforms as well as some specialty websites that offer live chat support. But on Profit.ly, it is seen as a space where experts and their member traders can communicate and learn in real time. Every guru has their own way in operating their chat room and dealing with the listed members. One might be more laid back and rarely active, while another might be more online and communicative to their pupils. Consider chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, ranging from novices to the most experienced. Considering the number of offers it offers this platform definitely has something for all.
For instance, newbies will appreciate Profit.ly’s library of learning information available on 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. Additionally, they can select from the products from its online store for them to take wherever they may travel. They can also gain hands-on experience trading on the platform, however they’ll be able to realize that trading is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have many years of experience down the line, we see Profit.ly equally suitable to the newcomers. Although the novices might not be as proficient in dealing with trading issues but the experts already know how it works along with the stack full of risks associated with it. In the ideal scenario, they can utilize Profit.ly’s array of features to their best advantage to enhance their trading skills. As beginners, they are able to learn from the top experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the fun! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to help navigate them through the ever-changing trading process. Profitly Through The Wall
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders across the globe with tons of learning communications, trading, and communication tools
- You get to be taught by experts and tips from the inside experts, as well as collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and dependable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via images
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost – there truly is something for everyone
The Cons
- Profit.ly’s abundance of packages and services offered could seem overwhelming for a lot of its users
- If traders decide to post any kind of trade, there is an opportunity that some them will profit by selecting the best trades in order to increase the rating this could be a concern that should not be ignored.
- Profit.ly does not accept refunds, as its premium users are expected to immediately benefit from the number of features the platform is able to offer
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The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always intended to be created in this way. Instead, you need to have an open mind. Profitly Through The Wall
What we mean”yes” is that it is a fantastic learning tool. For those who are struggling, they could be able to find Profit.ly’s range of resources helpful as they do their best to avoid losses and be more successful than before. It’s not only the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you really care about being more successful in trading and would like to learn from your fellows and gurus on the way, take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profitly Through The Wall
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries under the ‘My Trade section of the dashboard. It allows you to post your trades, verifiable or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there is an excellent probability that it’s verifiable. This is evident by the blue check mark. If you submit the information manually or via pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Does 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 and the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also to help one another learn and improve in acquiring stock market opportunities both right and left.