The stock market can be an extremely risky game. Some days, you could enjoy the benefits of pleasing and positive numbers. On other days it could be the reverse, and it may sometimes be very difficult to get back to the point you were at your best. If you’re always in the mud, you will have be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve been incurring losses from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve discovered an option that can help you to improve your performance in the market. In this review, we’ll take an in-depth look at Profit.ly, a well-recognized single-stop social platform to trade!
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 Toward Me
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be knowledgeable responsible, transparent, and encouraging each other through its broad range of features and tools such as chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for those new to trading and as a hub for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. It provides users with a vast range of resources for trade and communication that help traders from all walks of life network with each other. It gives the gurus worthy investments within the boundaries that the site. Imagine it as an online social media platform similar like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are valid and won’t tolerate inauthenticity as much as possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on the transparency of all trades, something that was never done before.” The concept, he added, served two objectives: one) creating public track records for all traders, not just the gurus as well as newsletter writers and students, and 2) giving everyone on the platform to learn from both the wins and losses to benefit the industry of trading. Profitly Toward Me
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders have access to a range of tools and services that are geared towards achieving achievement. It is possible to create an account at no cost, however you’re only limited to having access to the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time it is necessary to subscribe to any 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 your brokerage account, and you’ll be given an opportunity to make your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a look at the performance of the trading community as well as its gurus. It’s not just a way to demonstrate your worth to a large group of traders. You are also able to use Profit.ly to shop with a professional with the assurance that you’re comfortable with their expertise and the credibility of their assertions.
If you are unsure about the idea of divulging information about your account with a brokerage, you can choose to publish your trades, either verified or otherwise, through photographs. Also included in Profit.ly are the vast number of trading courses and the capability to see stats in a trader’s profile, and more ways to interact with your experts in the chatroom, as well as notifications via email or text as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock which trades at less than $5 per share. The trading of penny stocks is an opportunity for small-scale businesses to make the transition into a larger market because they can access money from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes can surely tell because of his decades of expertise.
Since his initial 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 a trader. At 25 years old Sykes was given greater exposure and a larger influence over time when he was a part of the reality series “Wall Street Warriors.” He took advantage of it to develop trading rooms and penny stock themes as well as educational content targeted at those who are new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational sources, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to the trading experts who have earned substantial profits from their collective years of expertise. Profitly Toward Me
At its height, 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 gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals 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. Costing $74.95 for a month you will see him focus on the basic stock catalysts and employ them to anticipate the next move that is possible when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS and Android devices, texts, emails and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, it is the perfect plan for those who are committed to penny stock trading. Pennystocking Silver offers all the essential features found in prior plans, including swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos that are updated every week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for both 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 Toward Me
The Superman Alerts plan is an 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 along with the mobile app, daily market commentary shown in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge of information provided by Superman himself through the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. On top of that you’ll also gain access to premium research reports and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave a mark in the market, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership levels that cater to traders with different levels. Let’s look at what the 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 those who are new to the world of trading. When you sign up for this package you’ll be given a slew of robust and essential trading tools, each of them integral in keeping your hands on what we call a competitive process by itself.
Some of the features you can do using Profit.ly’s Novice program is the ability to confirm trades and track profits; leading, following and even texting other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze, sort, or filter the trades you make and, finally, see other people’s statistics.
The Novice plan is $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, thus making your activities publicly available. If you’re interested in have an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets users to benefit from the majority of features available in the novice plan. It is in this plan that you can set up an individual profile that allows you to share with fellow associates all your insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to improve their skills in trading. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, you won’t be able view other traders’ stats that might be a drawback for those eager to try this new tier. Profitly Toward Me
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. At $74.95 per month, with 22% off when billed annually the Pro plan has it all. You will have full, unrestricted access to all the features of the previous plans combined.
In addition, you’ll be able to see other users’ stats, but you’re also given the opportunity to create a private profile. Both of these options, on top of all the advantages that you can utilize to the fullest potential. If you’re in search of a plan that can serve you everything you need as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly has a few other services they offer. One of these is its online store, which allows users to 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 can be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all things trading-related, clips and scenes from The Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are included in Profit.ly’s variety of features and services. You’re probably familiar with the concept of the chat room as you can see it across social and messaging platforms, as well as some specialty websites that provide live chat support. However, in Profit.ly it’s seen as a hands-on area where experts and members can interact and learn 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 a laid-back person who is not very often active, while another may be more online and communicative with their students. Think of chat rooms as Profit.ly’s version of the forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock traders, ranging from novices to the most experienced. Considering the number of offers it has to offer, the platform surely has something for all.
For instance, newbies will appreciate Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will be provided with videos every week and chat room advice by its internal gurus and their members. They’ll also be able to choose from the items in its online store to carry with them wherever they travel. They can also gain hands-on experience trading on the platform, but ultimately they’ll realize that this 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 road, we consider Profit.ly as equally as suitable for them as it is for the newcomers. While novice traders may not be as adept at dealing with trading issues but the experts already know how it works and the plethora of risks that it carries. Ideally, they may use Profit.ly’s range of features to their best advantage to improve their trading skills. Like novices, they can learn from the experts and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the fun! Those in the trading industry who are on the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders in order to assist them in the ever-changing trading process. Profitly Toward Me
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders from all over the world with tons of learning communications, trading, and communication tools
- You’ll receive excellent training and insights from its inside experts, as well as video libraries that teach you how to learn 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 the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost – there truly is something for every person
- Profit.ly’s numerous packages and products offered may not be enough for the majority of its customers
- As traders may opt to make any type of trade, there’s the possibility that some of them could profit from picking the most profitable trades to increase the 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 immediately benefit from the number of features the platform is able to offer
The Final Verdict: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it would be a ‘yes’. But you need to understand that the platform should not be used as a scheme to get rich quick. It wasn’t designed to be used for this reason. Instead, you need to have an open mind. Profitly Toward Me
What we are referring to”yes” is it can be a great learning tool. People who are stuck could discover Profit.ly’s range of resources helpful as they do their best to avoid losses and be more successful than before. It’s not just the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being better at trading and wish to be taught by your peers and experts on the way, look no further – Profit.ly may be a great alternative to start.
FAQ Profitly Toward Me
How can you make use of Profit.ly to make your trades public?
Profit.ly offers an entry section for trades under the “My Trade section of the dashboard which lets you post your trades that are verified or not. There are three choices:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is evident by the small blue check. If you post the information manually or via screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of receiving negative feedback from friends and colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just looking to earn maximum profits but also to help one another grow and learn more about acquiring stock market opportunities both right and left.