Stock trading can be an exciting game with high stakes. On certain days, you could have the benefit of positive and satisfactory numbers. On other days, however you may experience the opposite and it could be very difficult to get back to where you were at your most productive. If you find yourself constantly stuck in the gutter it is important be aware that relying solely on instinct and survival might not be enough.
If you’ve experienced occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve discovered an online platform that will help you in your growth in the industry. This review will take a look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Supman Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of all levels to be knowledgeable and accountable, as well as transparent and uplifting with each other through its broad array of tools and features such as trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for those who are just beginning their journey and as a hub for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. It provides users with a vast array of options for trade and communication and letting traders from all walks of life connect with one another. It also allows gurus to make worthy investments within the boundaries that the site. Consider it the social media equivalent the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The trading platform is built on honesty and transparency: it makes sure that transactions are legitimate and will not allow for fraud as much as possible. It was founded 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 magazine Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never done before.” The concept Sykes said served two purposes: 1) making public records for everyone, not just the experts, but also the newsletter writers and students, and 2) allowing anyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Supman Profitly
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of features and services aimed towards achieving achievement. You may set up an account at no cost, however you’re only given access to the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s deals, which we will discuss in the near future.
Setting up an account is easy: create an account with your experience and expertise, connect your brokerage account, and you’ll be given a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into their performance as a trading group as well as its gurus. It’s not only a chance to prove your worth to a community of traders. You are also able to use Profit.ly to buy from a guru with the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account you may opt to post your trades, either verified or not, via screenshots. In Profit.ly are a variety of trading courses, the ability to view the stats of a trader’s account as well as other ways to connect with your gurus in the chatroom, as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock that trades for less than $5 per share. Penny stock trading is a stepping stone for small-scale businesses to make the transition into a larger market because it allows them to access funds from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes will be able to tell you thanks to his years of expertise.
From his beginnings in his late years in high school, Tim Sykes has, since then, made more than $6 million in profit during his long and successful career as trader. At the age of 25 Sykes was given more exposure and a wider impact when he was a part of the reality show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place for openness, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have made substantial amounts of money from their combined years of experience. Supman Profitly
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you’ll be able to observe him focus on basic stock catalysts and employ them to predict the next move that is possible when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS and Android devices; texts, emails, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. At $149.95 monthly, this is the perfect plan for investors who are involved in penny stock trading. Pennystocking Silver includes all the basic features that were included in earlier plans which includes swing trading alerts and unlimited access to an extensive 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 under the alias “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading profits. Supman Profitly
The Superman Alerts plan is an package of vital features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket and the mobile application, daily market commentary shown in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base that is provided by Superman himself, via the Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. On top of that you’ll also gain an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. Once you have signed to this plan you’ll be provided with a variety of powerful and vital trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat process by itself.
Among the list of things you can do using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards; analyze, sort, as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing just by the price however, there’s a drawback. You can’t create a private profile, which makes your actions public. If you do want to get an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to use a majority of features from the novice plan. This plan allows that you can set up an account that is private to share with fellow associate users all your knowledge and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to improve their expertise in trading. As nice as it seems but there’s one important aspect that’s not included. As opposed to the prior Novice package, you won’t be able view other traders’ stats that could be a problem for some who may be eager to try this new tier. Supman Profitly
Pro Plan
The Pro plan is the most expensive plan Profit.ly offers to experienced traders. At $74.95 per month, with 22% off for billing annually the Pro plan has everything. You get full, no-holds-barred access to all options of the previous plans.
Not only do you get to look at other people’s statistics, but you’re also given the opportunity to create a private profile. These two features are on top of all the advantages that you can utilize to the maximum extent. If you’re in search of an option that gives you everything you need as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly offers a number of other services they provide. One of these is its online store, which allows users to select from a variety of video products designed to inform and guide you through the nuances and pitfalls 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 like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and footage taken from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of features and services. You may be familiar with chat rooms since you can see it across social and messaging platforms as well as some specialty websites that offer live chat assistance. However, in Profit.ly, it is seen as a space where experts and their member traders can communicate and learn in real time. Every guru has their own way in operating their chat room and dealing with the listed members. One might be laid back and less engaged, while another could be more online and communicative in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock trader types, from novices to the most experienced. Given the wide range of options it offers, the platform surely has something for all.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. Not only will they be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. They’ll also be able choose from the items on its store online to carry with them wherever they go. You can also get hands-on experiences by trading through the platform, but ultimately, they will soon learn that the process is a high stakes game that shouldn’t be treated as an amusing pastime.
For traders who have years of exposure down the road, we consider Profit.ly as equally as suitable for them as it is for the newcomers. While novice traders may not be as adept at managing trading, the pros already understand the way it functions and the risky mix associated with it. Ideally, they may utilize Profit.ly’s array of features to their full advantage to improve their trading abilities. Like novices, they can learn from the top experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the enjoyment! People in the trade industry who are on the same level as Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to help navigate them through the ever-changing trading process. Supman Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s in-house gurus, including collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There’s something for all
The Cons
- Profit.ly’s abundance of packages and services offered could seem overwhelming for most of its customers
- Since traders can choose to open any kind of trade, there’s an opportunity that some them will profit by selecting the best trades in order to increase the rating this could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds because the premium customers will immediately take advantage of the numerous services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could come up with an answer to this question, it would be an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t intended to be created in this way. Instead, you need to have the ability to think with an open heart. Supman Profitly
What we do mean”yes” is it could be a useful learning tool. People who are stuck could find Profit.ly’s array of resources helpful as they do their best to avoid losses and be more successful than before. Not only struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
If you really care about being a better trader and want to learn from your fellows and gurus on the way, take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Supman Profitly
How can you make use of Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the My Trade’ category of the dashboard that lets you post your trades that are verified or not. There are three options:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your transactions
How can I tell whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there’s a high chance that it is verifiable. This is indicated with the small blue check. If you upload it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthentic trade is the chance of receiving negative feedback from fellow peers. A large number of downvotes could result in you appearing in the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market all over the world.
