The stock market can be a high-stakes game. Some days, you could enjoy the benefits of pleasing and positive numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to return to where you were your peak. If you find yourself immersed in the water You will need to recognize that relying on your instincts and preserving might not be enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from fellow traders from around the world, which is why we’ve identified an option that can help you to improve your performance in the industry. This review will be taking the time to 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.
Overall Rating: 4.1/5 Profitly Unlike A Company
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informed, transparent, accountable, and encouraging each other through its broad array of tools and features including chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for traders who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance through the use of advanced analytics tools. Offering users a broad array of options to facilitate trade and communication that help traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Imagine it as the social media equivalent like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The trading platform is built on trust and transparency. it ensures that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes said that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been previously done.” The concept Sykes said served two goals: 1.) making public records for everyone, not just the experts, but also the students and newsletter writers as well as) allowing all users to be enlightened by both losses and wins for the trading industry’s benefit. Profitly Unlike A Company
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of features and services aimed toward success. You can create an account at no cost, however you’re limited to access to the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s offers, which we will discuss in the near future.
The process of opening an account is easy: create an account that includes your personal information and skills, join to your brokerage account and you’ll have an opportunity to make through at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a look at the performance of the trading community as well as its gurus. It’s not only a chance to demonstrate value to a large group of traders, as you can also use Profit.ly to purchase from a guru with the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account you can decide to share your trades, whether verified or otherwise, through photographs. In Profit.ly is the huge selection of trading classes as well as the ability to look at stats in a trader’s profile, and more ways to interact with your experts through the chatroom as well as email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at less than $5 per share. The penny stock market can be seen as an avenue for small companies to move to a large marketplace as it gives them access to money from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of experience.
Beginning in his late years in high school, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as trading professional. At 25 years old Tim Sykes had received greater exposure and a larger influence over time as a participant in the reality series “Wall Street Warriors.” He took advantage of it to develop trading rooms and penny stock themes and educational material aimed at people who are brand new to trading. He also helped establish Profit.ly as a place for openness, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have earned substantial amounts of money from their combined years of knowledge. Profitly Unlike A Company
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on this platform: 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: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll be able to observe him focus on fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS as well as Android devices, as well as email, text and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. It costs $149.95 for a month it is an ideal plan for investors who are involved in investing in penny stocks. 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 over 7,000 educational videos and new videos released each week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Unlike A Company
The Superman Alerts package is his package of vital features and trading alerts geared 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 updates in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base that is provided by Superman himself, via his Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. Additionally you’ll also gain the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers that are designed to accommodate traders with different levels. Let’s look at what the three tiers are and how much they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. When you sign up for this plan you’ll be given a slew of robust and indispensable trading tools, each of them integral in keeping your fingers on what we call a competitive process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, as well as filter trades; and, finally, see other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone however, there’s a drawback. It isn’t possible to create a private profile, which makes your actions public. If you’re looking to gain access to this feature, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows users to benefit from the majority of features available in the Novice plan. This plan allows that you are able to create an account that is private for sharing with fellow associates all your insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to develop their trading skills. While it’s nice, there is one significant aspect that’s not included. 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 who are anticipating this level. Profitly Unlike A Company
This is by far the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 each month and 22% off when billed annually the Pro plan has it all. You will have full, unrestricted access to all the features from the two previous plans combined.
In addition, you’ll be able to see other users’ stats and data, but you also have the option of creating your own private profile. These two features are plus the other advantages that you can utilize to the maximum extent. If you’re looking for an option that gives you everything you need as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly provides a variety of other services they provide. One of those is its online store, where customers can pick from a range of video products created to help you understand the nuances and pitfalls 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 the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other things trading-related, clips and footage of events like the Annual Pennystocking Conference, and other products by expert traders.
The chat rooms that are integrated are as well part of Profit.ly’s range of services and features. You are probably familiar with the concept of the chat room as you can see it across messaging and social platforms, in addition to a few special websites that offer live chat assistance. But in Profit.ly, it is seen as a area where experts and member traders can communicate and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members. One of them may be a laid-back person who is not very often active, while another might be more active and in touch to their pupils. Think of the chat rooms like Profit.ly’s version of the forum in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock traders, from beginners to experienced pros. With the variety of deals it offers it is certain to have something for every person.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. Not only will they get daily videos and chat room tips from the in-house experts as well as their members. Additionally, they can pick from the merchandise available on its store online for them to take wherever they travel. They can also gain hands-on experience trading on the platform, but eventually they’ll be able to realize that trading is a high stakes game that should not be viewed as a joke.
For the traders with years of exposure down the line, we see Profit.ly as equally as suitable to the newcomers. While novice traders may not be as proficient in handling trading matters however, experienced traders know the way it functions and the risky mix that it carries. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to develop their skills in trading. Like beginners, they can learn from the experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the enjoyment! People in the trade industry who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others in order to guide them through the ever-illustrious trading process. Profitly Unlike A Company
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate 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
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There’s something for all
- Profit.ly’s abundance of packages and products offered may seem overwhelming for most of its users
- Since traders can choose to open any kind of trade, there is a possibility that some of them may take advantage by picking the most profitable trades 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 services the platform has to provide
The Final Verdict is: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally designed to be used to achieve this goal. Instead, it is best to keep an open mind. Profitly Unlike A Company
What we do mean by ‘yes’ is that it could be a useful learning tool. People who are stuck may discover Profit.ly’s range of resources helpful as they do their best to incur lesser losses and perform better than before. It’s not just the poor traders that can benefit from the platform. It can accommodate beginners and even experts!
If you truly care about being more successful in trading and would like to learn from your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Profitly Unlike A Company
How do you use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades in the “My Trade’ category of the dashboard that lets you post your trades that are verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is shown by the blue check mark. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the risk of getting downvotes from your fellow peers. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just trying to maximize profits but also assist each other to grow and learn more about acquiring stock market opportunities both right and left.