Stock trading is an extremely risky game. On some days, you might be reaping the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite, and it may sometimes be very difficult to get back to where you were at your best. If you find yourself always in the mud, you will have to realize that relying on your instincts and preserving is not always enough.
If you’ve suffered loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe. That’s why we’ve found 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, a well-recognized 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. 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 Customer
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of different levels to be knowledgeable responsible, transparent, and uplifting with one another through its wide range of features and tools such as chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for people 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 for communication and trade, it helps traders from all walks of life connect with one another. It offers gurus with an opportunity to invest in the right areas of the platform. Imagine it as an online social media platform similar like Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances 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 valid and won’t allow for fraud as much as it is possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never previously done.” This idea was, he said, serving two purposes: 1) creating public track records for not just the gurus, but also the newsletter authors and students and secondly) giving anyone on the platform to gain insight into both the wins and losses to benefit the industry of trading. Profitly Unlike A Customer
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders have access to a range of services and features geared towards achieving the success of their business. You can create an account there at no cost, however you’re limited to the capability to browse the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offerings, which we will go over shortly.
Setting up an account is easy: create an account with your experience and skills, join your brokerage account, and you’ll be given an opportunity to make your way to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a glimpse of how the community of traders performs and its experts. You’re not just allowed to demonstrate that you’re worthy to the large group of traders, but you are also able to use Profit.ly to purchase with a professional with the assurance that you’re comfortable in their skills and the legitimacy of their claims.
If you are unsure about 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 is the huge selection of trading classes as well as the ability to look at stats in a trader’s profile and other methods to interact with your experts through the chatroom along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into the penny-stock market. 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 is an avenue for small-scale businesses to make the transition to a large marketplace as it gives them access to money from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes will be able to tell you because of his decades of experience.
Beginning at the end of his time in high school, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as a trader. At 25 years old, he had been given greater exposure and an even wider reach of influence when he was a part of the reality series “Wall Street Warriors.” He then made use of the show to establish trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also helped to establish Profit.ly as a place of transparency, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have proven to make substantial amounts of money from their combined years of expertise. Profitly Unlike A Customer
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, 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. In light of that, let’s take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you will be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next moves that could occur when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS as well as Android devices, text, e-mail and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, it is a great option for those who are more invested in investing in penny stocks. Pennystocking Silver comes with all the standard features of earlier plans which includes swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading profits. Profitly Unlike A Customer
The Superman Alerts plan is an offering of essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket along with the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base of information provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. Additionally, you’ll also get an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership levels that are designed to accommodate traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. Once you have signed to this plan you’ll be provided with a variety of powerful and indispensable 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 capability to check the results of your trades and track profit as well as leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. You can also get onto leaderboards; study, sort, as well as filter trades and, lastly, view other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive just by the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your actions public. If you’re looking to get access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package lets users to benefit from many of the features of the novice plan. This plan allows that you can set up an account that is private for sharing with fellow associate users all the insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to develop their trading skills. As nice as it seems but there’s one important feature that is missing. Unlike the previous Novice package, you won’t be able to view other traders’ statistics this could be a disadvantage for those eager to try this new tier. Profitly Unlike A Customer
Pro Plan
The Professional plan can be described as the highest luxurious package Profit.ly offers to experienced traders. With $74.95 per month, which includes 22% off for billing annually the Pro plan has it all. You get full, no-holds-barred access to all options of the previous plans.
You’re not only able to view other people’s stats and data, but you also have the chance to create an individual profile. These two features are in addition to the benefits that you can use to the fullest potential. If you’re in search of an option that gives you everything you need as an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly has a few more services it has to offer. One of them is the online store, which lets users choose from a wide array of instructional videos that are designed to inform and provide guidance on the nuances and pitfalls of trading. All of the products featured 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 trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other things trading-related, clips and scenes from The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You’re probably familiar with the concept of the chat room as you will see it on social and messaging platforms, in addition to a few special websites that provide live chat support. But on Profit.ly it’s seen as a hands-on area where experts and members trade and exchange knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members. Some may be more laid back and not very often engaged, while another could be more interactive and online in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock traders, ranging from novices to the most experienced. Given the wide range of options it can provide it is certain to have something for all.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus and their members. Additionally, they can choose from the items in its online store to carry with them wherever they go. They can also gain hands-on experience trading on the platform, but ultimately, they will soon learn that this is a risky game that shouldn’t be taken as a joke.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suited for them as it is for the newcomers. While novice traders may not be as well-equipped with managing trading, the pros already understand the way it functions and the risky mix associated with it. It is ideal to use Profit.ly’s variety of features to their full advantage to enhance their trading abilities. As beginners, they are able to learn from the top experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Verified experts can also join in the enjoyment! Trade professionals who are at similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to guide them through the ever-illustrious trading process. Profitly Unlike A Customer
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You will be taught by experts and insights from its inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and dependable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost – there truly is something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could not be enough for the majority of its users
- As traders may opt to make any type of trade, there’s a possibility that some of them will profit by picking the most profitable trades to improve their ratings this could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds as its premium users are expected to immediately benefit from the number of services that the platform can offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could think of the answer, it would be an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t meant to be designed for this reason. Instead, you should have an open mind. Profitly Unlike A Customer
What we mean”yes” is it could be a useful learning tool. People who are stuck could find Profit.ly’s array of resources to be helpful when they try their best to reduce loss and perform better than before. It’s not only the poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
If you truly care about being a better trader and want to learn from your peers and experts along the way, then look no further – Profit.ly may be a great alternative to start.
FAQ Profitly Unlike A Customer
How can you make use of Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries under the ‘My Trade’ category of the dashboard that lets you post your trades that are verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your transactions
How do I know if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is an excellent probability that it’s verifiable. This is evident by the small blue check. If you post it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The disadvantage of an unverified trade is the risk of receiving downvotes from fellow peers. Too many downvotes may cause you to be listed on the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store and 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 traders and investors, because they are not just trying to maximize profits but also to help one another grow and learn more about acquiring opportunities in the stock market both right and left.
