Stock trading is an exciting game with high stakes. On certain days, you could have the benefit of positive and satisfactory numbers. However, on other days you may experience the opposite and it could be very difficult to return to where you were your best. If you find yourself immersed in the water You will need to realize that relying on instinct and survival may not always be enough.
If you’ve been incurring loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe, which is why we’ve found an option that can help you to improve your performance in the market. This review will take an in-depth look at Profit.ly, a well-recognized all-in-one 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 To Make
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be informative, transparent, accountable, and encouraging each other by offering a wide variety of tools and features such as trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for traders who are starting out as well as a place for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Providing users with a wide array of options to facilitate trade and communication, it helps traders from every field of business connect with one another. It also allows gurus to make worthwhile investments within the confines of this platform. Think of it as the social media equivalent like Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine Sykes said that Profit.ly was based “on showing every trade, something that was never prior to.” The idea was, he said, serving two objectives: one) keeping track of public data for all traders, not just the gurus and newsletter writers and students and secondly) giving all users to be enlightened by the losses and wins for the trading industry’s benefit. Profitly To Make
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of services and features geared towards achieving achievement. It is possible to create an account on the site for free, but you’re limited to access to the leaderboards and monitor the activities 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 subscribe to any of Profit.ly’s offers, which we will review in the coming days.
The process of opening an account is easy: create an account with your experience and expertise, connect your brokerage account, and you’ll be given the chance to climb your way up to the top of 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 as well as its gurus. You’re not just allowed to prove your worth to a large group of traders, but you can also use Profit.ly to buy with a guru, and have the assurance that you’re confident of their knowledge and the veracity of their claims.
If you are unsure about the concept of leaking your brokerage account, you may opt to post your trades, whether verified or not, by taking photographs. Also included in Profit.ly are the vast number of trading courses, the ability to view statistics on a person’s profile as well as other ways to communicate with your gurus through the chatroom along with text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his involvement in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The penny stock market can be seen as an avenue for small companies to move into a larger market because it gives them access to capital from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell because of his decades of experience.
From his beginnings in his late years in High School, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as trading professional. At the age of 25, he had been given greater exposure and an even wider influence over time as a participant in the reality TV show “Wall Street Warriors.” He made use of the show to create trading rooms and penny stock themes as well as educational content targeted at those who are new to trading. He also helped establish Profit.ly as a place of transparency and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the experts in trading who have made significant amounts of profit from their collective years of knowledge. Profitly To Make
At its height, Profit.ly had housed up to five gurus, all of them a professional in their niche in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on the platform: 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 take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you’ll see him focus on the basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS and 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 program. At $149.95 per month, this is the perfect plan for those who are involved in penny stock trading. Pennystocking Silver offers all the essential features found in earlier plans which includes alerts for swing trading and access to an extensive library of over 7,000 educational videos, with new ones released every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Profitly To Make
The Superman Alerts plan is his package of vital features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist as well as the mobile app, the daily market commentary shown in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base that is provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. In addition, you’ll also get the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership levels, each designed for traders at different levels. Let’s break down what these three levels are and what they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. When you sign up for this package, you will be immediately offered a range of strong and indispensable trading tools, each of them integral in keeping your fingers on what call a competitive process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze your trades, sort or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per month. Although it looks attractive for the price alone, there is a downside. It isn’t possible to create a private account, making your actions public. If you’re looking to have the benefit of this service, stay tuned as we introduce to you Profit.ly’s next plan.
The 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 individual profile that allows you for sharing with fellow associates all your insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to improve their expertise in trading. Although it’s a nice thing, there is one significant feature that is missing. Unlike the previous Novice package, you won’t be able to see other traders’ statistics this could be a disadvantage for some who may be eager to try this new tier. Profitly To Make
The Pro plan is the highest luxurious package Profit.ly can offer to experienced traders. With $74.95 monthly, with a 22% discount for annual billing This plan offers it all. You will have full, unrestricted access to all the features from the two previous plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the option of creating an individual profile. These two features are plus the other benefits that you can use to the fullest potential. If you’re looking for a plan that can serve you everything you need as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly offers a number of more services it has to provide. One of these is its online store, which allows users to choose from a wide array of video products designed to inform and provide guidance on the nuances and pitfalls of trading. The products listed in this section of the website can be immediately purchased for personal use. These include best-selling products like the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and footage taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are included in Profit.ly’s variety of services and features. You are probably familiar with the concept of chat rooms since you will see it on social and messaging platforms in addition to a few special websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a hands-on area where experts and members trade and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members there. Some may be a laid-back person who is less active, while another might be more active and in touch to their pupils. Consider chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, from novices to the most experienced. With the variety of deals it can provide it is certain to have something for everyone.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. They will also be provided with videos every week and chat room tips from its in-house gurus as well as their members. They’ll also be able choose from the items on its store online to carry with them wherever they may be. You can also get hands-on experiences from trading within the platform, however they’ll realize that trading is a high stakes game that should not be viewed as a joke.
For traders who have decades of experience in the line, we see Profit.ly as equally as suitable to them as the newcomers. While novice traders may not be as proficient in managing trading but the experts already know how it works and the plethora of risks associated with it. Ideally, they may utilize Profit.ly’s array of features to their best advantage to develop their trading skills. Like novices, they can learn from the experts and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to guide them through the ever-illustrious trading process. Profitly To Make
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You’ll receive excellent training and insights from its internal experts, which include collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There’s something for every person
- Profit.ly’s numerous products and packages offered might be too much for a lot of its customers
- Since traders can choose to make any type of trade, there’s an opportunity that some them may take advantage by selecting the best trades in order to increase the rating this could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds, as its premium users are expected to immediately benefit from the many features the platform is able to offer
The Final Concluding Question is: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it’s a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally designed to be used for this reason. Instead, you should have the ability to think with an open heart. Profitly To Make
What we do mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck may discover Profit.ly’s variety of resources to be helpful as they do their best to incur lesser losses and perform better than they did before. It’s not only the struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being more successful in trading and would like to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Profitly To Make
How can you make use of Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries in the ‘My Trade section of the dashboard which lets you record your trades, either verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is shown by the small blue check. If you post it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving downvotes from friends and colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market both right and left.