The stock market can be a high-stakes game. On some days, you could have the benefit of pleasing and positive numbers. However, on other days it could be the reverse and it can be extremely difficult to get back to the point you were at your peak. If you find yourself constantly stuck in the gutter You will need be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve experienced losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe. That’s why we’ve discovered a platform that can support you in your growth in the industry. This review will be taking a 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.
Total Rating: 4.1/5 Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of various levels to be informative responsible, transparent, and uplifting with one another through its wide range of features and tools such as chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning 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. Offering users a broad range of resources for communication and trade that help traders from all walks of life network with one another. It gives the gurus worthy investments within the boundaries of the platform. Consider it an online social media platform similar to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform for trading is built on trust and transparency. it ensures that the transactions are legitimate and will not accept fake news as long as it is 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 magazine, Sykes declared that Profit.ly was based “on showing all trades, something that was never prior to.” The idea was, he said, serving two purposes: 1) keeping track of public data for all traders, not just the gurus and students and newsletter writers, and 2) allowing everyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Profitly
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of features and services aimed at achieving achievement. You can create an account there for free, but you’re only limited to having access to the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time it is necessary to sign up to one 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 the chance to climb your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users an insight into the performance of the trading community and its gurus. It’s not only a chance to prove that you’re worthy to the large group of traders, but you are also able to use Profit.ly to buy from a guru with the assurance that you’re confident in their skills and the legitimacy of their claims.
If you feel uneasy with the idea of sharing your brokerage account, then you could decide to share your trades, either verified or otherwise, through screenshots. Also included in Profit.ly are the vast number of trading courses as well as the ability to look at stats in a trader’s profile as well as other ways to communicate with your gurus in the chatroom, along with email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for under $5 for each share. Penny stock trading could be viewed as an avenue for small businesses to transition to a large marketplace as they can access money from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell because of his decades of experience.
Beginning in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million earnings throughout his illustrious career as a trader. At 25 years old, he had been given more exposure and a wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” He then took advantage of it to establish trading rooms and penny stock themes and educational content geared toward those who are new to trading. 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 on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education sources, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to the experts in trading who have earned substantial amounts of money from their collective years of knowledge. Profitly
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche within the world of trading. Some of the most famous 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 the platform: the 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 packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS as well as Android devices; email, text, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. Priced at $149.95 monthly, it is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features found in earlier plans including swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “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 total trading earnings. Profitly
The Superman Alerts package is his package of vital features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist and the mobile app, daily market commentary shown in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base that is provided by Superman himself via his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. In addition, you’ll also get an access to high-quality research papers as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to help you going. The platform has three membership tiers that cater to traders at different levels. Let’s look at what the three are and how much they will 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 world of trading. Once you have signed to this plan you’ll be offered a range of strong and essential trading tools, all one of them essential in keeping your hands on what we could call a ruthless process in and of 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; leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards; analyze, sort, and filter your trades; and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, which makes your actions public. If you’re interested in gain access to this feature, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to use a majority of features from The Novice package. It is in this plan that you can set up an individual profile that allows you to share with fellow associates all your insights and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to improve their skills in trading. Although it’s a nice thing but there’s one important feature that is missing. As opposed to the prior Novice package, this one won’t be able view other traders’ stats this could be a disadvantage for those who are looking forward to this tier. Profitly
Pro Plan
This is by far the highest luxurious package Profit.ly offers to experienced traders. At $74.95 each month with an additional 22% discount for annual billing, this tier has it all. It gives you full, unlimited access to all features of the previous plans.
Not only do you get to view other people’s stats, but you’re also given the chance to create a private profile. Both of these features, plus the other benefits that you can use to the fullest potential. If you’re in search of a plan that can serve you everything you need as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly offers a number of additional services that it can provide. One of these is its online store, where customers can choose from a wide array of instructional videos that are created to provide guidance on the ins and outs of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other things trading-related, clips and footage taken 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 range of features and services. You may be familiar with the concept of chat rooms since you can see it across social and messaging platforms as well as some specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a hands-on place where gurus and their members can interact and share knowledge in real-time. Every guru has their own 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 less engaged, while another could be more interactive and online with their students. Think of chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, ranging from novices to the most experienced. Considering the number of offers it has to offer, the platform surely has something for every person.
For instance, newbies will appreciate Profit.ly’s collection of educational information available on the platform. Not only will they be enriched with weekly videos and chat room tips from the in-house experts as well as their members. They’ll also be able to select from the products from its online store to carry with them wherever they may go. They can also gain hands-on experiences by trading through the platform, however they’ll be able to realize that trading is a risky game that shouldn’t be taken as a joke.
For traders who have years of exposure down the road, we consider Profit.ly equally suitable for them as it is for people who are just beginning. While novice traders may not be as well-equipped with managing trading, the pros already understand how it works and the plethora of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s range of features to their best advantage to improve their skills in trading. Like beginners, they can learn from the experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the excitement! Those in the trading industry who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others in order to navigate them through the ever-changing trading process. Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with a wealth of education, communication, and trading tools
- You’ll be taught by experts and insights from its inside experts, as well as libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates There is truly something for all
The Cons
- Profit.ly’s abundance of packages and products offered may seem overwhelming for a lot of its customers
- If traders decide to post any kind of trade, there is an opportunity that some them will profit by picking the most profitable trades to boost their rating this could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds because the premium customers are expected to instantly benefit from the many features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Valued?
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 wasn’t originally designed to be used in this way. Instead, you should have the ability to think with an open heart. Profitly
What we mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck may find Profit.ly’s range of resources helpful as they do their best to incur lesser losses and perform better than before. It’s not only the poor traders that can profit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely desire to be a better trader and want to learn from your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Profitly
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has an entry section for trades in the My Trade category on the dashboard. It lets you post your trades that are verified or not. There are three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there’s the chance that it is verifiable. This is shown by the blue check mark. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of getting downvotes from your colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market both right and left.
