Stock trading can be an extremely risky game. On certain days, you may be reaping the benefits of positive and satisfying numbers. On other days, however you may experience the opposite and it can be extremely difficult to get back to where you were your best. If you find yourself immersed in the water it is important be aware that relying solely on your instincts and preserving is not always enough.
If you’ve suffered occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the globe. That’s why we’ve identified an option that can help you to improve your performance in the market. This review will be taking the time to look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitly Trader Yearly Package
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of different levels to be informed, transparent, accountable, and encouraging one another through its wide array of tools and features including 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 training platform for traders who are just beginning their journey and as a hub for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Providing users with a wide range of resources for communication and trade, it helps traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines of this platform. Imagine it as a social media site akin the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are authentic and won’t allow for fraud as much as possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes publication, Sykes stated that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been prior to.” The idea Sykes said served two objectives: one) keeping track of public data for everyone, not just the experts, but also the students and newsletter writers and secondly) allowing everyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Profitly Trader Yearly Package
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of features and services aimed towards achieving the success of their business. You can create an account for free, but you’re limited to access to the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time it is necessary to join one of Profit.ly’s offers, which we will go over shortly.
Setting up an account is easy: create an account that includes your personal information and skills, join to your brokerage account and you have yourself the chance to climb your way to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a glimpse of their performance as a trading group and its gurus. It’s not only a chance to prove value to a large group of traders, but you can also use Profit.ly to purchase from a guru with the assurance that you’re comfortable with their expertise and the credibility of their claims.
If you feel uneasy with the idea of sharing your brokerage account, then you could decide to share your trades, verified or not, by taking pictures. Included in Profit.ly is the huge selection of trading classes, the ability to view the stats of a trader’s account as well as other ways to interact with your experts in the chatroom, along with notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small company’s stock which trades at under $5 for each share. The trading of penny stocks could be viewed as an avenue for small companies to move to a large marketplace as it gives them access to money from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes will be able to tell you because of his decades of experience.
Beginning in his late years in the high schools, Tim Sykes has, since then, made over $6 million of profit during his long and successful career as trading professional. At the age of 25 Sykes was given greater exposure and a larger influence over time as a participant in the reality show “Wall Street Warriors.” He then used the opportunity to develop trading rooms, penny stock themes, and educational material aimed at those who are new to the trading field. He also played a role in establishing Profit.ly as a place for openness, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational sources, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have earned substantial profits through their years of expertise. Profitly Trader Yearly Package
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 for a month you’ll be able to 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 to iOS and Android devices, texts, emails 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 package. Priced at $149.95 per month, this is an ideal plan for those who are committed to the penny-stock market. Pennystocking Silver offers all the essential features of earlier plans such as swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Trader Yearly Package
The Superman Alerts package is his offer of the most essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket as well as the mobile app, the daily market commentary in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base of information provided by Superman himself through his Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. On top of that, you’ll also get an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers that cater to traders with different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. When you sign up for this package, you will be immediately given a slew of robust and essential trading tools, all of which is essential to keep your hands on what we could call a ruthless process in and of itself.
Some of the features you can do with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit and follow-up, leading and even texting other traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze your trades, sort and filter your trades and lastly, look at other’s stats.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. It isn’t possible to create a private profile, which makes your personal information public. If you do want to gain access to this feature, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to use the majority of features available in The Novice package. In this plan, that you can create an individual profile that allows you to share with fellow associate users all the insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to develop their skills in trading. While it’s nice but there’s one important feature that is missing. In contrast to the Novice package, this one won’t be able view the statistics of other traders this might be a drawback for those anticipating this level. Profitly Trader Yearly Package
Pro Plan
This is by far the highest expensive plan Profit.ly offers to experienced traders. At $74.95 monthly, with 22% off for annual billing This plan offers it all. You will have full, unrestricted access to all features of the previous plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the opportunity to create your own private profile. Both of these options, 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 all the features you need to be a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly offers a number of additional services that it can provide. One of those is its online store, which lets users select from a variety of video products designed to inform and help you understand the ins and outs of trading. The products listed on this page of the website can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and all other related to trading, videos and clips of The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s variety of features and services. You may be familiar with the chat room since you can see it across social and messaging platforms in addition to a few special websites that provide live chat support. However, in Profit.ly, it is seen as a area where experts and members can interact and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members there. Some may be more laid back and less engaged, while another could be more interactive and online to their pupils. Think of chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock traders, ranging from beginners to experienced pros. With the variety of deals it offers, the platform surely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. They will also be enriched with weekly videos and chat room tips from its in-house gurus and their members. They’ll also be able to select from the products from its online store for them to take wherever they may be. They can also gain hands-on experiences by trading through the platform, but eventually, they will soon learn that this is a risky game that should not be viewed as an amusing pastime.
For the traders with many years of experience down the road, we consider Profit.ly equally suitable to people who are just beginning. Although the novices might not be as adept at handling trading matters, the pros already understand the way it functions and the plethora of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s variety of options to their maximum advantage to improve their trading abilities. Like novices, they can learn from the experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the excitement! People in the trade industry who are at similar levels to Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to assist them in the ever-changing trading process. Profitly Trader Yearly Package
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You will be provided with excellent lessons and insights from its in-house gurus, including 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 if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There is truly something for every person
The Cons
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for a lot of its customers
- As traders may opt to post any kind of trade, there is a possibility that some of them will profit by picking the most profitable trades to boost their rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds, as the premium customers are expected to instantly benefit from the many features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it would be an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t designed to be used in this way. Instead, you need to have curiosity. Profitly Trader Yearly Package
What we mean”yes” is it can be a great learning tool. People who are stuck might be able to find Profit.ly’s range of resources useful in their efforts to reduce loss and perform better than before. It’s not just the struggling traders that will profit 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 peers and experts along the way, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Profitly Trader Yearly Package
How can you make use of Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries in the ‘My Trade category on the dashboard that allows you to post your trades, verifiable or otherwise. There are three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your transactions
How do I know whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there’s the likelihood that it can be verified. This is evident by the small blue check. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The downside of having an unauthentic trade is the possibility of receiving negative feedback from fellow peers. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are seeking to make the most profit but also to help one another learn and improve in acquiring opportunities on the stock market both right and left.
