Stock trading can be a high-stakes game. On certain days, you could have the benefit of pleasing and positive numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to return to the point you were at your peak. If you’re immersed in the water it is important be aware that relying solely on your instincts and preserving is not always enough.
If you’ve experienced losses from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the world, which is why we’ve found an option that can help you in your growth in the industry. This review will be taking an in-depth 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Who Created Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of all levels to be knowledgeable and accountable, as well as transparent and to build relationships with one another through its wide variety of tools and features such as trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for people who are just beginning their journey and as a hub for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Providing users with a wide range of resources to facilitate trade and communication, it helps traders from all walks of life connect with one another. It gives the gurus an opportunity to invest in the right areas of this platform. Consider it the social media equivalent the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that transactions are legitimate and will not accept fake news as long as is humanly possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been done before.” The concept was, he said, serving two goals: 1.) making public records for not just the gurus, but also the newsletter writers and students and secondly) allowing everyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Who Created Profitly
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of tools and services that are geared toward achievement. You may set up an account on the site at no cost, however you’re only given access to the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s deals, which we will review in the coming days.
Setting up an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account, and you have yourself a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users an insight into their performance as a trading group as well as its gurus. You’re not just allowed to prove value to a group of traders, as you can also utilize Profit.ly to buy from a guru with the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you are unsure about the concept of leaking the details of your broker account you may choose to publish your trades, either verified or not, by taking photographs. Also included in Profit.ly is the huge selection of trading courses, the ability to view the stats of a trader’s account and other methods to connect with your gurus through the chatroom along with notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at under $5 for each share. The trading of penny stocks can be seen as an avenue for small-scale businesses to make the transition into a larger market because they can access money from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes is sure to reveal through his many years of experience.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, made an estimated $6 million profits during his long and successful career as trader. At the age of 25, he had been given greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms as well as penny stock themes and educational content geared toward people who are brand new to trading. He also played a role in establishing Profit.ly as a platform 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 most appealing features is the variety of education resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the trading experts who have earned substantial amounts of money from their collective years of expertise. Who Created Profitly
At its peak, Profit.ly had housed up to five gurus. Each of them a pro within their particular field 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 this 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 look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next possible moves in trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available on 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 monthly, this is an ideal plan for those who are more involved in penny stock trading. Pennystocking Silver comes with all the standard features that were included in the previous plan, such as swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released 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 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 all-time trading earnings. Who Created Profitly
The Superman Alerts plan is an package of vital features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile application, daily market commentary shown in real-time, and SMS and e-mail alerts.
In “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. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. In addition you’ll also gain the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership levels, each designed for traders of different levels. Let’s take a look at what these three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. Once you have signed to this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, each one of them essential in keeping your fingers on what we could call a ruthless process by itself.
The list of features you can accomplish with Profit.ly’s Novice program is the ability to confirm trades and track profits; leading, following and even texting your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze, sort, or filter the trades you make; and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price but there’s a disadvantage. You can’t create a private account, making your activities publicly available. If you do want to have an account with this option, be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader plan allows you to use many of the features of the novice plan. In this plan, that you can set up an individual profile that allows you to share with other associate users all the insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to harness their skills in trading. While it’s nice, there is one significant feature that is missing. In contrast to the Novice package, you won’t be able to see other traders’ statistics this might be a drawback for some who may be looking forward to this tier. Who Created Profitly
Pro Plan
This is by far the most premium package that Profit.ly offers to experienced traders. At $74.95 each month with an additional 22% discount for annual billing the Pro plan has it all. You will have full, unrestricted access to all the options of the previous plans combined.
You’re not only able to look at other people’s statistics, but you’re also given the option of creating your own private profile. These two features are plus the other advantages that you can utilize to the maximum extent. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly has a few more services it has to provide. One of them is the online store, where customers can choose from a wide array of video products that are designed to educate and guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other related to trading, videos and scenes taken from the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s variety of services and features. You are probably familiar with the concept of the chat room since you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But in Profit.ly it’s seen as a place where gurus and their member traders can communicate and learn in real time. Each guru has their style in operating their chat room and in dealing with the members there. One might be more laid back and rarely active, while another may be more online and communicative in their interactions with students. Think of the chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, from beginners to experienced pros. Given the wide range of options it has to offer this platform definitely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. Not only will they get daily videos and chat room advice from its in-house gurus and members. They’ll also be able choose from the items from its online store to carry with them wherever they may go. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll realize that this is a high stakes game that shouldn’t be taken as an amusing pastime.
For the traders with years of exposure down the road, we consider Profit.ly equally suitable to them as the newcomers. While the newbies may not be as adept at managing trading, the pros already understand how it works and the risky mix that come with it. In the ideal scenario, they can make use of Profit.ly’s array of features to their best advantage to improve their skills in trading. Like beginners, they can study from the gurus and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the fun! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others in order to assist them in the ever-changing trading process. Who Created Profitly
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with a wealth of education, communication, and trading tools
- You’ll receive excellent training and insights from its in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There’s something for every person
The Cons
- Profit.ly’s numerous packages and services offered could seem overwhelming for most of its customers
- If traders decide to open any kind of trade, there’s an opportunity that some them could profit from picking the most profitable trades to improve their ratings this could be a concern that should not be overlooked.
- Profit.ly does not accept refunds as the premium customers are expected to immediately benefit from the number of services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could 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 scheme to get rich quick. The platform wasn’t originally intended to be created for this reason. Instead, you need to have the ability to think with an open heart. Who Created Profitly
What we do mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they could be able to find Profit.ly’s variety of resources to be helpful when they try their best to incur lesser loss and perform better than before. It’s not only the struggling traders that will benefit from this platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely desire to be more successful in trading and would like to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Who Created Profitly
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries under the “My Trade’ category of the dashboard. It lets you post your trades, verifiable or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your trades
How can I tell if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is evident by the blue check mark. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just trying to maximize profits but also help each other grow and learn more about acquiring opportunities on the stock market all over the world.
