The stock market can be an extremely risky game. On certain days, you might be reaping the benefits of positive and satisfying numbers. However, on other days it could be the reverse, and it may sometimes be extremely difficult to return to where you were your best. If you are constantly stuck in the gutter You will need to recognize that relying on instinct and survival may not always be enough.
If you’ve experienced losses from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from trading partners from all over the world, which is why we’ve found a platform that can support you in your improvement in the industry. In this review, we’ll be taking a look at Profit.ly A well-respected all-in-one 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 Via Email
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of different levels to be informed responsible, transparent, and encouraging one another through its wide variety of tools and features like trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for those who are just beginning their journey as well as a place for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Providing users with a wide variety of tools to facilitate trade and communication and letting traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines that the site. Think of it as an online social media platform similar the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are valid and won’t accept fake news as long as possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine Sykes stated that Profit.ly was based “on the transparency of every trade, something that was never prior to.” This idea was, he said, serving two goals: 1.) making public records for all traders, not just the gurus, but also the students and newsletter writers as well as) making it possible for everyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Profitly Via Email
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders have access to a range of services and features geared towards achieving achievement. You can create an account on the site at no cost, however you’re limited to the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s offerings that we’ll go over shortly.
Making an account easy: create an account with your experience and skills, join to your brokerage account and you’ll be given a chance to shoot through high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a look at their performance as a trading group and its experts. It’s not only a chance to show value to a community of traders, as you can also utilize Profit.ly to purchase from a guru with the assurance that you’re confident of their knowledge and the credibility of their claims.
If you are unsure about the concept of leaking the details of your broker account you can decide to share your trades, verified or otherwise, through photographs. In Profit.ly is the huge selection of courses in trading as well as the ability to look at stats in a trader’s profile and other methods to communicate with your gurus via chatrooms in addition to email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock that trades for under $5 for each share. Penny stock trading can be seen as a stepping stone for small-scale businesses to make the transition to a market that is larger as it allows them to access funds from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell through his many years of expertise.
Beginning in his late years in High School, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as trader. At the age of 25 Tim Sykes had received greater exposure and a larger influence over time when he became part of the reality show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about trading. 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 through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of education tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the trading experts who have proven to make significant amounts of profit from their combined years of expertise. Profitly Via Email
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their niche in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of 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. When we take that into account we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next move that is possible when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app that’s 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 program. At $149.95 per month, this is the perfect plan for those who are more committed to the penny-stock market. Pennystocking Silver comes with all the standard features that were included in prior plans, which includes swing trading alerts and unlimited access to a library of over 7,000 educational videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading profits. Profitly Via Email
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist as well as the mobile app, the daily market commentary in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base of information provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. In addition you’ll also have an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave your mark on the field, Profit.ly has the right amount of tools to get you going. The platform offers three membership levels that cater to traders with different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. When you sign to this plan you’ll be provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your fingers on what could call a ruthless process by itself.
Some of the features you can do with Profit.ly’s Novice package include 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. It also allows you to be on leaderboards, analyze, sort, as well as filter trades; and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive for the price alone, there is a downside. You aren’t able to create a personal profile, thus making your actions public. If you’re looking to get an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package allows 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 to share with fellow associates all your insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to develop their skills in trading. Although it’s a nice thing but there’s one important feature that is missing. In contrast to the Novice package, you will not be able view other traders’ statistics, which could be a disadvantage for some who may be anticipating this level. Profitly Via Email
Pro Plan
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. At $74.95 each month with a 22% discount when billed annually This plan offers it all. You get full, no-holds-barred access to all the features from the two previous plans combined.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the chance to create a private profile. Both of these features, in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give you with everything you require as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly offers a number of other services they provide. One of those is its online store, where customers can choose from a wide array of video products designed to inform and guide you through the ins and outs of trading. All of the products featured in this section of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and all other aspects of trading. There are also clips and clips from the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of services and features. You may be 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 assistance. But on Profit.ly the chat room is viewed as a real-time place where gurus and their member traders can communicate and learn in real time. Each guru has their style in operating their chat room and dealing with the members there. One might be a laid-back person who is rarely active, while another might be more interactive and online to their pupils. Think of the chat rooms as Profit.ly’s version of the forum in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, ranging from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for every person.
For instance, newbies will enjoy Profit.ly’s collection of educational content offered throughout the platform. They will also get daily videos and chat room tips from its in-house gurus as well as their members. Additionally, they can choose from the items from its online store to carry with them wherever they may travel. You can also get hands-on experience trading on the platform, however they’ll be able to realize that trading is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have years of exposure down the line, we believe Profit.ly equally suited to them as the newcomers. While novice traders may not be as adept at managing trading, the pros already understand how it works along with the risky mix that come with it. In the ideal scenario, they can utilize Profit.ly’s array of options to their maximum advantage to develop their trading skills. Like novices, they can study from the gurus and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the fun! Trade professionals who are on the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders as a way to navigate them through the ever-changing trading process. Profitly Via Email
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You will be provided with excellent lessons and advice from the company’s 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 precise analytics as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for a lot of its customers
- As traders may opt to open any kind of trade, there is a possibility that some of them will profit by picking the most profitable trades to increase the rating this could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds, as its premium users are expected to instantly benefit from the number of services the platform has to provide
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The Final Concluding Question: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it would be an affirmative “yes”. But it is important to realize that the platform should not be used as a get-rich-quick scheme. It wasn’t designed to be used for this reason. Instead, it is best to keep an open mind. Profitly Via Email
What we mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck may discover Profit.ly’s range of resources to be helpful in their efforts to avoid losses and perform better than they did before. Not only struggling traders that will benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely care about being more successful in trading and would like to be taught by your peers and experts along the way, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Profitly Via Email
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries within the ‘My Trade’ category of the dashboard that lets you record your trades, either verified or otherwise. There are three options:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is the likelihood that it can be verified. This is indicated with the small blue check. If you post it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the possibility of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities in the stock market left and right.
