Stock trading is an extremely risky game. On some days, you could have the benefit of positive and satisfactory numbers. However, on other days you may experience the opposite and it can be very difficult to get back to where you were at your most productive. If you find yourself always in the mud You will need be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve been incurring occasional losses, you’re gonna be needing reliable advice from tested and tried 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 found an option that can help you to improve your performance within the field. This review will take a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profitly Through The Years
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be knowledgeable responsible, transparent, and uplifting with each other through its broad 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 trading website that serves both as a learning and training platform for those who are just beginning their journey as well as a place for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. Offering users a broad variety of tools for trade and communication that help traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries that the site. Think of it as the social media equivalent the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The trading platform is built on honesty and transparency: it ensures that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never prior to.” This idea, he added, served two goals: 1.) keeping track of public data for all traders, not just the gurus, but also the newsletter writers and students as well as) making it possible for anyone on the platform to learn from both losses and wins to benefit the industry of trading. Profitly Through The Years
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of services and features geared at achieving the success of their business. You may set up an account for free, but you’re only given access to the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s offerings that we’ll go over shortly.
Setting up an account is simple: Create an account with your experience and expertise, connect to 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, is designed to give its users an insight into how the community of traders performs and its gurus. You’re not just allowed to show that you’re worthy to the community of traders. You can also use Profit.ly to buy with a guru, and have the assurance that you’re confident in their skills and the veracity of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, you may choose to publish your trades, whether verified or not, by taking photographs. Included in Profit.ly are a variety of trading classes, the ability to view the stats of a trader’s account as well as other ways to communicate with your gurus through the chatroom in addition to text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his efforts in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock that trades for less than $5 per share. The penny stock market could be viewed as an avenue for small businesses to transition to a market that is larger as they can access funds from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes will be able to tell you through his many years of experience.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as a trader. At the age of 25, he had been given greater exposure and a larger impact as a participant in the reality show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place of openness, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education resources, trade alerts, and other useful stuff offered by the company’s internal gurus. Gurus are referred to the experts in trading who have proven to make significant amounts of profit from their collective years of experience. Profitly Through The Years
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 included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to predict the next moves that could occur when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS as well as Android devices, as well as text, e-mail, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. At $149.95 for a month it is an ideal plan for those who are more involved in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in the previous plan, such as swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos that are updated weekly.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Profitly Through The Years
The Superman Alerts package is his offering of essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access to the daily premarket stock watchlist as well as the mobile app, the daily market commentary in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. On top of that you’ll also have the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of tools to get you up and running. The platform has three membership tiers that cater to traders of different levels. Let’s break down what these three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. As you sign to this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, all of which is essential to keep your fingers on what we can describe as a cutthroat procedure in its own.
Among the list of things you can do with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit; leading, following, and even messaging other traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze, sort, and filter your trades; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per month. Although it looks attractive simply because of the price, there is a downside. You can’t create a private profile, which makes your actions public. If you’re interested in get access to this feature, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from the Novice plan. In this plan, that you can set up an account that is private to share with fellow associate users all the insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to improve their skills in trading. While it’s nice but there’s one important element that’s missing. In contrast to the Novice package, you will not be able to see other traders’ stats this could be a problem for some who may be eager to try this new tier. Profitly Through The Years
The Pro plan is the most expensive plan Profit.ly offers to experienced traders. It costs $74.95 monthly, which includes 22% off when billed annually, this tier has it all. You will have full, unrestricted access to all options of the previous plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the chance to create a private profile. These two features are on top of all the benefits that you can use to the maximum extent. If you’re looking for a plan that can serve you everything you need as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly offers a number of more services it has to provide. One of them is the online store, where customers can select from a variety of instructional videos that are created to help you understand the nuances and pitfalls of trading. The products listed on this page of the site can be bought immediately for your personal use. These include best-selling products like the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, as well as all things trading-related, clips and clips taken from the Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are as well part of Profit.ly’s variety of services and features. You are probably familiar with the chat room as you can see it across social and messaging platforms as well as some specialty websites that offer live chat support. But in Profit.ly, it is seen as a real-time place where gurus and their members trade and share knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members there. Some may be laid back and not very often engaged, while another could be more interactive and online with their students. Consider chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, from beginners to experienced pros. Given the wide range of options it can provide, the platform surely has something for all.
Beginners, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. They will also get daily videos and chat room tips from the in-house experts and members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they may be. You can also get hands-on experiences from trading within the platform, but eventually they’ll be able to realize that the process is a high stakes game that shouldn’t be taken as an amusing pastime.
For traders who have decades of experience in the road, we consider Profit.ly equally suited to those who are just starting. While novice traders may not be as well-equipped with managing trading, the pros already understand how it works and the plethora of risks that come with it. It is ideal to use Profit.ly’s array of features to their best advantage to improve their skills in trading. Like novices, they can learn from the top experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the excitement! Those in the trading industry who are on the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others in order to navigate them through the ever-changing trading process. Profitly Through The Years
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You get to 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 guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There’s something for everyone
- Profit.ly’s numerous packages and services offered could seem overwhelming for most of its customers
- If traders decide to post any kind of trade, there’s a possibility that some of them may take advantage by picking the most profitable trades to boost their rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as the premium customers are expected to instantly take advantage of the numerous features the platform is able to offer
The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it would be a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, you need to have the ability to think with an open heart. Profitly Through The Years
What we do mean by ‘yes’ is that it can be a great learning tool. People who are stuck could be able to find Profit.ly’s variety of resources helpful in their efforts to avoid losses and be more successful than they did before. It’s not just the poor traders that can benefit from this platform. It can accommodate beginners and even experts!
If you truly desire to be a better trader and want to be taught by your peers and experts throughout the process, then look no further – Profit.ly could be a good alternative to start.
FAQ Profitly Through The Years
How can you make use of Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries within the My Trade category on the dashboard that lets you record your trades, either verified or not. You may choose between three choices:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s an excellent chance that it is verifiable. This is indicated with the small blue check. If you upload it manually or through pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile app version works with all working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are trying to maximize profits but also to help one another grow and learn more about acquiring stock market opportunities both right and left.