The stock market can be an extremely risky game. Some days, you may be reaping the benefits of pleasing and positive numbers. On other days, however you may experience the opposite and it could be very difficult to get back to where you were your peak. If you find yourself constantly stuck in the gutter, you will have to recognize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring occasional losses You’ll need reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the globe. That’s why we’ve found a platform that can support you in your improvement in the market. We’ll be taking an in-depth 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 Upside Down Text
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of various levels to be knowledgeable and accountable, as well as transparent and uplifting with one another through its wide variety of tools and features including trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for those new to trading and also as a platform for experienced traders to track their performance through the use of advanced analytics tools. Offering users a broad variety of tools for communication and trade, it helps traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries of this platform. Consider it an online social media platform similar the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the transactions are legitimate and will not allow for fraud as much as possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes stated that Profit.ly was driven by its focus “on the transparency of every trade, something that was never previously done.” The concept was, he said, serving two goals: 1.) keeping track of public data for everyone, not just the experts, but also the newsletter writers and students as well as) making it possible for anyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. Profitly Upside Down Text
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of features and services aimed at achieving success. You can create an account for free, but you’re only limited to having access to the leaderboard and follow the activities 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 simple: Create a profile with your experiences and expertise, connect to your brokerage account and you have yourself an opportunity to make your way to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a look at their performance as a trading group as well as its gurus. It’s not just a way to show your worth to a large group of traders, as you can also use Profit.ly to shop with a professional with the confidence that you are confident with their expertise and the veracity of their claims.
If you are unsure about the concept of leaking information about your account with a brokerage, then you could choose to publish your trades, verified or otherwise, through screenshots. Included in Profit.ly are the vast number of trading classes and the capability to see stats in a trader’s profile and other methods to communicate with your gurus via chatrooms along with text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his efforts in penny stock trading. According to Investopedia, a penny stock is a small business’s stock which trades at less than $5 per share. The penny stock market is an avenue for small businesses to transition to a market that is larger as it gives them access to capital from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes is sure to reveal through his many years of expertise.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as trading professional. At 25 years old Tim Sykes had received greater exposure and an even wider influence over time as a participant in the reality show “Wall Street Warriors.” He then took advantage of it to create trading rooms and penny stock themes and educational content geared toward people who are brand new to trading. He also helped to establish Profit.ly as a place for transparency and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have made substantial amounts of money from their collective years of knowledge. Profitly Upside Down Text
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on this platform: the founder and 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 can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you’ll be able to see him focus on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS and Android devices, email, text and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. At $149.95 monthly, this is a great option for those who are more committed to penny stock trading. Pennystocking Silver comes with all the standard features found in earlier plans including swing trading alerts as well as unlimited access to a library of over 7,000 educational videos that are updated each week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Profitly Upside Down Text
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket as well as the mobile app, the daily market commentary shown in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base provided by Superman himself via his Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. On top of that you’ll also gain access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers that cater to traders at different levels. Let’s take a look at what these three tiers are and how much they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. When you sign to this plan you’ll be provided with a variety of powerful and vital trading tools, all one of them essential in keeping your fingers on what we could call a ruthless procedure in its own.
Some of the features you can do using Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading and even chatting with other traders; and leaving feedback on today’s trades. You can also get onto leaderboards; study the results of your analysis, sort, as well as filter trades and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. While it may look attractive for the price alone however, there’s a drawback. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re interested in get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
The 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 individual profile that allows you to share with fellow associate users all the insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to harness their trading skills. Although it’s a nice thing but there’s one important aspect that’s not included. In contrast to the Novice package, this one won’t be able to view the statistics of other traders that could be a problem for those anticipating this level. Profitly Upside Down Text
The Professional plan can be described as the highest premium package that Profit.ly offers to experienced traders. It costs $74.95 each month with an additional 22% discount for annual billing the Pro plan has everything. You get full, no-holds-barred access to all features from the two previous plans.
You’re not only able to see other users’ stats as well, you’re also offered the opportunity to create a private profile. Both of these features, in addition to the benefits that you can use to the fullest potential. If you’re looking for a plan that can serve you with everything you require as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly offers a number of other services they 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 on this page of the website is available to be purchased immediately for personal use. These include best-selling products like the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other 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 as well part of Profit.ly’s range of features and services. You may be familiar with the concept of the chat room as you will see it on social and messaging platforms, and also on a few specialty websites that provide live chat support. However, in Profit.ly the chat room is viewed as a hands-on area where experts and member traders can communicate and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members there. One might be a laid-back person who is less engaged, while another could be more active and in touch in their interactions with students. Consider chat rooms like Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, ranging from novices to the most experienced. Given the wide range of options it offers this platform definitely has something for all.
For instance, newbies will enjoy Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be provided with videos every week and chat room tips by its internal gurus and their members. They’ll also be able select from the products from its online store for them to take wherever they may go. You can also get hands-on experiences from trading within the platform, but eventually they’ll realize that this is a risky game that shouldn’t be treated as an amusing pastime.
For those traders who have had many years of experience down the road, we consider Profit.ly equally suited to them as those who are just starting. While novice traders may not be as well-equipped with managing trading, the pros already understand how it works and the plethora of risks associated with it. Ideally, they may use Profit.ly’s array of options to their maximum advantage to improve their trading abilities. Like beginners, they can learn from the top experts and experts , and use those quick tips and tidbits along the way.
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 excitement! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders in order to guide them through the ever-illustrious trading process. Profitly Upside Down Text
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You’ll be provided with excellent lessons and tips from the inside experts, as well as collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via images
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There is truly something for everyone
- Profit.ly’s abundance of products and packages offered might be too much for most of its users
- If traders decide to post any kind of trade, there is the possibility that some of them could profit from selecting the best trades in order to boost their rating this could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds as the premium customers are expected to immediately take advantage of the numerous features the platform is able to provide
The Final Verdict: Is Profit.ly Worth It?
If we could come up with an answer to this question, it would be yes. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always meant to be designed in this way. Instead, you need to have an open mind. Profitly Upside Down Text
What we do mean”yes” is that it can be a great learning tool. People who are stuck might find Profit.ly’s variety of resources helpful when they try their best to incur lesser losses and be more successful than they did before. It’s not only the poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
If you really care about being a better trader and want to be taught by your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profitly Upside Down Text
How do you use Profit.ly to publish your trades?
Profit.ly has an entry section for trades within the ‘My Trade category on the dashboard that lets you record your trades that are verified or otherwise. There are three options:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually entering your trades using the spaces provided and details
- Take a photo of your transactions
How do I know whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there is a high chance that it is verifiable. This is indicated with the small blue check. If you submit the information manually or via pictures, it will be classified as unverified.
The drawback of posting an unverified trade is the chance of receiving negative feedback from colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of stock market opportunities left and right.