The stock market can be an exciting game with high stakes. On certain days, you may enjoy the benefits of positive and satisfying numbers. On other days, however, the opposite may happen and it could be extremely difficult to return to where you were your peak. If you’re constantly stuck in the gutter You will need to recognize that relying on your instincts and preserving is not always enough.
If you’ve suffered occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an important boost from colleagues in the market from all over the world, which is why we’ve identified an option that can help you in your improvement within the field. In this review, we’ll take the time to look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 Abeo Turbobob Profitly
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be knowledgeable and accountable, as well as transparent and uplifting with one another through its wide variety of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for those who are starting out and also as a platform for traders who are experienced to monitor their performance with the help of advanced analytics tools. Offering users a broad array of options for communication and trade and letting traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines that the site. Think of it as an online social media platform similar to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never previously done.” The concept was, he said, serving two goals: 1.) making public records for everyone, not just the experts, but also the students and newsletter writers, and 2) giving anyone on the platform to learn from the losses and wins for the trading industry’s benefit. Abeo Turbobob Profitly
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of features and services aimed at achieving the success of their business. You may set up an account there at no cost, however you’re only limited to having access to the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s offers that we’ll review in the coming days.
Making an account easy: create an account with your experience and knowledge, then connect to your brokerage account and you’ll be given the chance to climb your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users an insight into their performance as a trading group and its experts. You’re not just allowed to prove your worth to a group of traders, but you can also utilize Profit.ly to purchase from a guru with the confidence that you are confident in their skills and the veracity of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, then you could opt to post your trades, either verified or not, by taking screenshots. In Profit.ly are a variety of trading courses, the ability to view statistics on a person’s profile and other methods to connect with your gurus through the chatroom as well as notifications via email or text as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s stock which trades at less than $5 per share. The trading of penny stocks could be viewed as a stepping stone for small companies to move into a larger market because they can access capital from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes will be able to tell you through his many years of experience.
Beginning in the latter years of high school, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as trader. At 25 years old, he had been given more exposure and a wider influence over time when he was a part of the reality show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place of openness, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have earned significant amounts of profit through their years of knowledge. Abeo Turbobob Profitly
At its height, Profit.ly had housed up to five gurus, all of them a pro in their niche within the world of trading. Some of the prominent experts were 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 this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you will observe him focus on basic stock catalysts and employ them to predict the next move that is possible when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as Android devices, 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, upgraded version of the Tim’s Alerts package. At $149.95 monthly, this is a great option for those who are more invested in penny stock trading. Pennystocking Silver comes with all the standard features of the previous plan, including alerts for swing trading and access to a library of more than 7,000 instructional videos, with new ones released weekly.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Abeo Turbobob Profitly
The Superman Alerts plan is his package of vital features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile app, daily market commentary in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge provided by Superman himself through the Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. Additionally, you’ll also get access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership levels that cater to traders with different levels. Let’s look at what the three tiers are and how much they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. When you sign up for this plan, you will be immediately offered a range of strong and vital trading tools, all of them integral in keeping your fingers on what can describe as a cutthroat process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the ability to verify trades and track profits; leading, following and even texting your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study the results of your analysis, sort, and filter your trades; and, finally, see other’s stats.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive just by the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your actions public. If you do want to get an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to use the majority of features available in The Novice package. It is in this plan that you are able to create an individual profile that allows you to share with other associate users all the insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to harness their trading skills. While it’s nice however, there’s a crucial element that’s missing. In contrast to the Novice package, you will not be able to view the statistics of other traders that could be a disadvantage for those who are looking forward to this tier. Abeo Turbobob Profitly
The Professional plan can be described as the highest expensive plan Profit.ly could offer for seasoned traders. At $74.95 per month, with an additional 22% discount for billing annually the Pro plan has everything. You will have full, unrestricted access to all the options of the prior plans.
Not only do you get to view other people’s stats and data, but you also have the option of creating a private profile. These two features are in addition to the 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 a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly offers a number of other services they provide. One of those is its online store, which allows users to choose from a wide array of instructional videos that are created to guide you through the ins and outs of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and all other aspects of trading. There are also clips and scenes taken from the Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are as well part of Profit.ly’s variety of features and services. You may be familiar with the concept of the chat room since you will see it on messaging and social platforms, as well as some specialty websites that provide live chat support. But in Profit.ly it’s seen as a area where experts and member traders can communicate and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members there. One might be more laid back and not very often active, while another may be more interactive and online in their interactions with students. Consider chatrooms as Profit.ly’s version of the 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, ranging from novices to the most experienced. Considering the number of offers it can provide this platform definitely has something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based information available on the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts and their members. They’ll also be able choose from the items in its online store that they can take with them wherever they be. Additionally, they can gain practical experiences by trading through the platform, however they’ll be able to realize that this is a high-stakes game that shouldn’t be taken as a joke.
For those traders who have had decades of experience in the line, we believe Profit.ly as equally as suitable to people who are just beginning. While novice traders may not be as well-equipped with handling trading matters but the experts already know how it works and the stack full of risks associated with it. Ideally, they may utilize Profit.ly’s variety of options to their maximum advantage to enhance their skills in trading. Like beginners, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the enjoyment! Trade professionals who are at the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others in order to assist them in the ever-changing trading process. Abeo Turbobob Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders from all over the world with tons of learning, communication, and trading tools
- You get to be taught by experts and advice from the company’s in-house gurus, including libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and authentic trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through images
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for most of its customers
- Since traders can choose to make any type of trade, there is a possibility that some of them will profit by picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as the premium customers are expected to immediately benefit from the number of services the platform has to offer
The Final Verdict is: Is Profit.ly Worth It?
If we could come up with the answer, 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 was not always meant to be designed for this reason. Instead, you need to have curiosity. Abeo Turbobob Profitly
What we mean”yes” is it could be a useful learning tool. Those who may be stuck may be able to find Profit.ly’s array of resources helpful when they try their best to incur lesser losses and be more successful than before. Not only poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being better at trading and wish to be taught by your peers and experts on the way, look no further – Profit.ly may be a great choice to start.
FAQ Abeo Turbobob Profitly
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades under the My Trade’ category of the dashboard. It lets you record your trades that are verified or otherwise. There are three choices:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your trades
How do I know if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there is a high probability that it’s verifiable. This is shown by the blue check mark. If you submit it manually or through images, it will be classified as unverified.
The drawback of posting an unauthentic trade is the chance of receiving negative feedback from colleagues. A large number of downvotes could result in you appearing at the top of 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 App Store for Apple and the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just trying to maximize profits but also to help one another grow and learn more about acquiring opportunities on the stock market left and right.