Stock trading is an extremely risky game. On certain days, you might be reaping the benefits of positive and satisfying numbers. On other days you may experience the opposite and it can be very difficult to return to where you were your most productive. If you find yourself immersed in the water it is important to realize that relying on instinct and survival may not always be enough.
If you’ve been incurring loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from trading partners from all over the world, which is why we’ve identified a platform that can support you in your growth in the industry. This review will take an in-depth 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.
Total Rating: 4.1/5 Timgrittani Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informed responsible, transparent, and to build relationships with each other through its broad variety of tools and features including chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for people who are starting out and as a hub for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. Offering users a broad variety of tools for trade and communication that help traders from all walks of life connect with one another. It offers gurus with an opportunity to invest in the right areas of the platform. Imagine 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 checks the performance of trades and publishes all data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are authentic 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.
In an interview with Forbes magazine, Sykes stated that Profit.ly was based “on showing all trades, something that has never been prior to.” The concept, he added, served two objectives: one) creating public track records for all traders, not just the gurus and students and newsletter writers, and 2) giving everyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. Timgrittani Profitly
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of services and features geared toward achievement. You can create an account there for free, but you’re limited to the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s offers, which we will review in the coming days.
Setting up an account is easy: create an account with your experience and skills, join to your brokerage account and you have yourself an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users an insight into how the community of traders performs and its experts. You’re not just allowed to prove value to a large group of traders, but you can also utilize Profit.ly to buy from a guru with the confidence that you are confident in their skills and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you may choose to publish your trades, verified or not, by taking photographs. Included in Profit.ly are a variety of trading courses and the capability to see stats in a trader’s profile as well as other ways to connect with your gurus through the chatroom 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 efforts 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 trading of penny stocks is an opportunity for small-scale businesses to make the transition to a large marketplace as they can access capital from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes will be able to tell you because of his decades of experience.
Beginning in the latter years of high school, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as trading professional. At 25 years old, he had been given greater exposure and an even wider reach of influence when he became part of the reality show “Wall Street Warriors.” He took advantage of it to create trading rooms and penny stock themes as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a place of transparency, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have made significant amounts of profit from their collective years of knowledge. Timgrittani Profitly
At its peak, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus remain on this platform: the founder of the penny stock market 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 has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll be able to see him focus on the basic stock catalysts and employ them to forecast the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS as well as Android devices; texts, emails and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 per month, this is an ideal plan for those who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in earlier plans which includes swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “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 he began as a trader, Superman has amassed over $5.5 million in total trading profits. Timgrittani Profitly
The Superman Alerts package is his offer of the most essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile app, the daily market commentary in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base that is provided by Superman himself through his Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. Additionally you’ll also have an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to get you going. The platform offers three membership tiers that are designed to accommodate traders at different levels. Let’s break down what these three tiers are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. Once you have signed up for this plan you’ll be provided with a variety of powerful and essential trading tools, all of them integral in keeping your fingers on what can describe as a cutthroat process by itself.
The list of features you can do with Profit.ly’s Novice package include the capability to check trades and track profits as well as leading, following and even chatting with your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze, sort, and filter your trades; and, lastly, view 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, thus making your personal information public. If you’re interested in have the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets you to use many of the features of The Novice package. It is in this plan that you can create an individual profile that allows you to share with other associates all your insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to develop their trading skills. As nice as it seems, there is one significant element that’s missing. As opposed to the prior Novice package, you won’t be able view other traders’ stats this might be a drawback for some who may be anticipating this level. Timgrittani Profitly
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 per month, and a 22% discount for annual billing, this tier has it all. It gives you full, unlimited access to all the features from the two prior plans.
Not only do you get to look at other people’s statistics, but you’re also given the option of creating an individual profile. Both of these options, plus the other benefits that you can use to the fullest potential. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly provides a variety of additional services that it can offer. One of those is its online store, which allows users to pick from a range of video products created to guide you through the nuances and pitfalls of trading. The products listed in this section of the website can be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and all other aspects of trading. There are also clips and scenes of The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of services and features. 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 support. But on Profit.ly the chat room is viewed as a hands-on space where experts and their members can interact and learn in real time. Every guru has their own style in operating their chat room and dealing with the listed members. One of them may be more laid back and not very often engaged, while another could be more interactive and online to their pupils. Think of chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock trader types, from novices to the most experienced. Considering the number of offers it has to offer it is certain to have something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. They will also be provided with videos every week and chat room tips from the in-house experts and their members. Additionally, they can select from the products on its store online that they can take with them wherever they may travel. Additionally, they can gain practical experience trading on the platform, but eventually they’ll be able to realize that trading is a risky game that shouldn’t be taken as an amusing pastime.
For traders who have decades of experience in the line, we see Profit.ly equally suitable for them as it is for those who are just starting. While novice traders may not be as adept at handling trading matters, the pros already understand how it works and the plethora of risks associated with it. It is ideal to make use of Profit.ly’s range of features to their best advantage to develop their trading skills. Like novices, they can learn from the experts and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the fun! Trade professionals who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to assist them in the ever-changing trading process. Timgrittani Profitly
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You get to be taught by experts and tips from the in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There’s something for all
The Cons
- Profit.ly’s bountiful stream of packages and products offered may not be enough for a lot of its users
- As traders may opt to make any type of trade, there is a possibility that some of them will profit by selecting the best trades in order to increase the rating This could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as the premium customers will immediately benefit from the many services the platform has to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it would be a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always designed to be used in this way. Instead, you should have an open mind. Timgrittani Profitly
What we do mean”yes” is it could be a useful learning tool. For those who are struggling, they might be able to find Profit.ly’s variety of resources helpful when they try their best to avoid losses and be more successful than before. It’s not just the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being a better trader and want to learn from your mentors and peers along the way, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Timgrittani Profitly
How do you use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries within the ‘My Trade’ category of the dashboard which lets you post your trades, verifiable or otherwise. There are three choices:
- Linking your account to the broker of choice and import transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your transactions
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is indicated with the blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving negative feedback from fellow peers. Too many downvotes may cause you to be listed on the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of stock market opportunities left and right.
