The stock market can be an extremely risky game. On certain days, you may be reaping the benefits of positive and satisfying numbers. On other days, the opposite may happen and it can be extremely difficult to get back to where you were your most productive. If you find yourself constantly stuck in the gutter it is important to realize that relying on instinct and survival may not always be enough.
If you’ve been incurring losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the world, which is why we’ve discovered a platform that can support you in your improvement within the field. In this review, we’ll take the time to look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Steven Johnson Profitly
Users Experience 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be knowledgeable responsible, transparent, and to build relationships with each other by offering a wide variety of tools and features including chat rooms, trade verification 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 training and learning platform for traders who are just beginning their journey and also as a platform for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Offering users a broad variety of tools for communication and trade, it helps traders from all walks of life network with each other. It gives the gurus worthwhile investments within the confines of this platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The trading platform is built on honesty and transparency: it ensures that the trades are valid and won’t tolerate inauthenticity as much as possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been prior to.” The concept Sykes said served two purposes: 1) keeping track of public data for not just the gurus as well as students and newsletter writers and secondly) giving anyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. Steven Johnson Profitly
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of tools and services that are geared towards achieving success. You can create an account there at no cost, however you’re limited to the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s offers that we’ll review in the coming days.
Making an account simple: Create a profile with your experiences and expertise, connect to your brokerage account and you’ll be given a chance to shoot your way to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a glimpse of how the community of traders performs as well as its experts. It’s not only a chance to prove value to a group of traders, as you are also able to use Profit.ly to purchase with a professional with the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging your brokerage account, then you could opt to post your trades, verified or not, via pictures. In Profit.ly are the vast number of trading classes and the capability to see the stats of a trader’s account and other methods to interact with your experts through the chatroom as well as email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock that trades for under $5 for each share. The trading of penny stocks can be seen as a stepping stone for small businesses to transition into a larger market because they can access money from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell because of his decades of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, earned over $6 million of profit through his lengthy career as trader. At the age of 25 Tim Sykes had received greater exposure and an even wider influence over time as a participant in the reality TV show “Wall Street Warriors.” He then took advantage of it to create trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place of transparency and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the trading experts who have earned significant amounts of profit from their combined years of experience. Steven Johnson Profitly
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing there are only two gurus who 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. In light of that, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll be able to see him concentrate on the basic stock catalysts and employ them to forecast the next move that is possible when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS and Android devices, as well as email, text and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. It costs $149.95 monthly, it is the perfect plan for those who are more committed to investing in penny stocks. Pennystocking Silver offers all the essential features found in prior plans, such as alerts for swing trading and access to an extensive library of over 7,000 educational videos and new videos released weekly.
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. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Steven Johnson Profitly
The Superman Alerts plan is his offer of the most 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 and the mobile app, the daily market updates in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base of information provided by Superman himself, via his Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. On top of that, you’ll also get access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to help you up and running. The platform has three membership levels, each designed for traders of different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. As you sign up for this package, you will be immediately offered a range of strong and vital trading tools, each of them integral in keeping your fingers on what we can describe as a cutthroat process by itself.
The list of features you can accomplish using Profit.ly’s Novice package is the ability to verify trades and track profits; leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards, analyze the results of your analysis, sort, and filter your trades and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re looking to gain the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader package lets you to take advantage of the majority of features available in the novice plan. It is in this plan that you can create an account that is private to share with fellow associate users all your knowledge and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to harness their trading skills. Although it’s a nice thing, there is one significant feature that is missing. Unlike the previous Novice package, you won’t be able to view other traders’ statistics, which could be a disadvantage for those eager to try this new tier. Steven Johnson Profitly
The Professional plan can be described as the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 each month which includes a 22% discount for annual billing the Pro plan has everything. You will have full, unrestricted access to all the features of the previous plans combined.
You’re not only able to look at other people’s statistics and data, but you also have the opportunity to create your own private profile. Both of these features, in addition to the advantages you’ll be able to use to their fullest capacity. If you’re in search of an account that will give you everything you need as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly offers a number of more services it has to provide. One of them is the online store, where customers can choose from a wide array of video products created to provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the website can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other related to trading, videos and clips from The Annual Pennystocking Conference, and products from other expert traders.
The integrated chat rooms are as well part of Profit.ly’s range of features and services. You are probably familiar with the concept of the chat room as you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat support. But in Profit.ly, it is seen as a hands-on place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and in 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 to their pupils. Think of chatrooms as Profit.ly’s version of the forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, ranging from novices to experienced professionals. With the variety of deals it offers, the platform surely has something for every person.
For instance, newbies can take advantage of Profit.ly’s collection of educational information available on the platform. In addition, they will get daily videos and chat room tips from its in-house gurus and their members. Additionally, they can pick from the merchandise available from its online store to carry with them wherever they may be. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll realize that this is a high-stakes game that should not be viewed as a joke.
For the traders with years of exposure down the road, we consider Profit.ly as equally as suitable to people who are just beginning. Although the novices might not be as well-equipped with handling trading matters but the experts already know how it works and the stack full of risks that it carries. Ideally, they may use Profit.ly’s range of features to their best advantage to improve their trading skills. Like beginners, they can learn from the top experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the excitement! Trade professionals who are on an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to navigate them through the ever-changing trading process. Steven Johnson Profitly
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 tools, communication, and trading tools
- You will receive excellent training and tips from the internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There is truly something for all
- Profit.ly’s abundance of packages and products offered may be too much for a lot of its customers
- Since traders can choose to make any type of trade, there is an opportunity that some them will profit by picking the most profitable trades to increase the rating – this may be a concern that should not be ignored.
- Profit.ly does not accept refunds, as the premium customers will immediately benefit from the number of features the platform is able to offer
The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with an answer to this question, it would be yes. But you need to understand 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. Steven Johnson Profitly
What we do mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they could find Profit.ly’s array of resources useful as they do their best to incur lesser loss and perform better than before. Not only poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you really want to become a better trader and want to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Steven Johnson Profitly
What are the best ways to use Profit.ly to post your trades?
Profit.ly has a trade entry portion under the ‘My Trade category on the dashboard that lets you post your trades, verifiable or otherwise. There are three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there is an excellent chance that it is verifiable. This is shown by the blue check mark. If you submit the information manually or via images, it will be classified as unverified.
The drawback of posting an unverified trade is the chance of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just seeking to make the most profit but also help each other learn and improve in acquiring stock market opportunities all over the world.