The stock market can be an extremely risky game. On some days, you could have the benefit of positive and satisfactory numbers. On other days, however it could be the reverse and it could be extremely difficult to return to where you were your most productive. If you are constantly stuck in the gutter it is important to realize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring occasional losses You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the world, which is why we’ve discovered a platform that can support you in your improvement in the industry. In this review, we’ll take an in-depth look at Profit.ly, a well-recognized 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Tessa Lamping Profitly
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be informed responsible, transparent, and uplifting with each other through its broad variety of tools and features such as chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for traders who are starting out and as a hub for experienced traders to track their performance using the aid of advanced analytics tools. Providing users with a wide array of options for trade and communication that help traders from all walks of life network with each other. It also allows gurus to make an opportunity to invest in the right areas that the site. Consider it an online social media platform similar like Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was established many years ago by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that was never done before.” The concept, he added, served two objectives: one) creating public track records for all traders, not just the gurus as well as students and newsletter writers and secondly) allowing anyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Tessa Lamping Profitly
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of features and services aimed towards achieving the success of their business. You may set up an account on the site at no cost, however you’re only limited to having the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s deals, which we will go over shortly.
Setting up an account is simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll be given a chance to shoot your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a glimpse of their performance as a trading group and its experts. You’re not just allowed to show that you’re worthy to the community of traders, but you can also use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable in their skills and the credibility of their claims.
If you are unsure about the idea of sharing information about your account with a brokerage, then you could decide to share your trades, whether verified or not, by taking pictures. In Profit.ly are a variety of courses in trading as well as the ability to look at the stats of a trader’s account as well as other ways to connect with your gurus in the chatroom, along with email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock that trades for less than $5 per share. The penny stock market is a stepping stone for small businesses to transition into a larger market because it allows them to access money from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades 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 through his lengthy career as trader. At the age of 25, he had been given more exposure and a wider reach of influence when he was a part of the reality show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms, 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 place for openness, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have proven to make substantial profits from their combined years of expertise. Tessa Lamping Profitly
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, there are only two gurus who remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 per month, you will 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 standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS as well as Android devices, as well as texts, emails, 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. At $149.95 for a month it is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features found in earlier plans such as swing trading alerts and unlimited access to a library of over 7,000 educational videos that are updated weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known 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 when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Tessa Lamping Profitly
The Superman Alerts plan is an offering of essential features and alerts on trading geared to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist as well as the mobile app, daily market commentary in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge of information provided by Superman himself, via the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. In addition you’ll also gain access to premium research reports as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to help you started. The platform has three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three tiers are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. When you sign up for this plan, you will be immediately offered a range of strong and essential trading tools, each one of them essential in keeping your fingers on what we could call a ruthless process by itself.
Among the list of things you can do using Profit.ly’s Novice package include the capability to check trades and track profits and follow-up, leading and even texting other traders; and providing feedback on trades today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, and filter your trades and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. Although it looks attractive just by the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re interested in gain access to this feature, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package lets you to use many of the features of the Novice plan. It is in this plan that you can set up a private profile to share with other associate users all the insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to develop their expertise in trading. While it’s nice however, there’s a crucial feature that is missing. In contrast to the Novice package, you won’t be able view other traders’ statistics, which might be a drawback for those anticipating this level. Tessa Lamping Profitly
This is by far the most premium package that Profit.ly could offer for seasoned traders. At $74.95 monthly, which includes an additional 22% discount for billing annually the Pro plan has everything. You will have full, unrestricted access to all features from the two prior plans.
You’re not only able to look at other people’s statistics, but you’re also given the chance to create an individual profile. Both of these options, in addition to the benefits that you can use to their fullest capacity. If you’re in search of an option that gives you everything you need as an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly provides a variety of other services they provide. One of those is its online store, which lets users choose from a wide array of video products 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 immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and footage from events like the Annual Pennystocking Conference, and products from other expert traders.
The integrated chat rooms are included in Profit.ly’s array of features and services. You are probably familiar with the concept of chat rooms since you will see it on social and messaging platforms, as well as some specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a space where experts and their members trade and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members there. One of them may be laid back and not very often active, while another might be more active and in touch to their pupils. Think of chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock trader types, from novices to the most experienced. With the variety of deals it offers this platform definitely has something for every person.
For instance, newbies will enjoy Profit.ly’s knowledge-based content offered throughout the platform. They will also get daily videos and chat room tips from its in-house gurus and their members. Additionally, they can pick from the merchandise available in its online store that they can take with them wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, but eventually, they will soon learn that trading is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we see Profit.ly equally suited to them as people who are just beginning. While the newbies may not be as adept at handling trading matters but the experts already know the way it functions and the risky mix associated with it. It is ideal to use Profit.ly’s range of options to their maximum advantage to develop their trading abilities. Like novices, they can learn from the top experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the excitement! Those in the trading industry who are at similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to help assist them in the ever-changing trading process. Tessa Lamping Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You will be taught by experts and tips from the in-house gurus, including libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There is truly something for everyone
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for the majority of its users
- Since traders can choose to post any kind of trade, there’s an opportunity that some them will profit by picking the most profitable trades to boost their rating this could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds because its premium users are expected to immediately benefit from the number of services that the platform can provide
The Final Concluding Question is: 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. The platform was not always meant to be designed in this way. Instead, it is best to keep an open mind. Tessa Lamping Profitly
What we mean”yes” is it is a fantastic learning tool. For those who are struggling, they could be able to find Profit.ly’s range of resources to be helpful as they do their best to reduce losses and be more successful than before. Not only poor traders that can profit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be a better trader and want to be taught by your peers and experts on the way, look no further – Profit.ly could be a good choice to start.
FAQ Tessa Lamping Profitly
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion within the My Trade category on the dashboard. It lets you record your trades that are verified or not. You may choose between three options:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your transactions
What can I do to determine whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the blue check mark. If you submit it manually or through pictures, it will be classified as unverified.
The downside of having an unauthentic trade is the chance of receiving negative feedback from colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are trying to maximize profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market both right and left.