Stock trading can be a high-stakes game. Some days, you might be reaping the benefits of positive and satisfying numbers. On other days, however, the opposite may happen and it could be very difficult to return to the point you were at your most productive. If you are immersed in the water it is important to realize that relying on instinct and survival is not always enough.
If you’ve been incurring occasional losses and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve found a platform that can support you in your improvement in the industry. This review will be taking 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.
Total Rating: 4.1/5 Anonymous Allen Profitly
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of various levels to be informative and accountable, as well as transparent and uplifting with each other through its broad range of features and tools including trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for traders who are starting out and as a hub for traders who are experienced to monitor their performance using the aid of advanced analytics tools. It provides users with a vast range of resources to facilitate trade and communication, it helps traders from every field of business connect with each other. It also allows gurus to make an opportunity to invest in the right areas of this platform. Imagine it as a social media site akin like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are valid and won’t allow for fraud as much as it is possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes said that Profit.ly was based “on showing every trade, something that has never been previously done.” This idea was, he said, serving two purposes: 1) keeping track of public data for all traders, not just the gurus, but also the students and newsletter writers, and 2) allowing all users to be enlightened by both the wins and losses to benefit the industry of trading. Anonymous Allen Profitly
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of services and features geared towards achieving the success of their business. You can create an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s offers that we’ll go over shortly.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect your brokerage account, and you’ll have the chance to climb your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users a look at the performance of the trading community and its experts. It’s not only a chance to demonstrate your worth to a group of traders, but you can also use Profit.ly to shop from a guru with the assurance that you’re confident with their expertise and the veracity of their claims.
If you feel uneasy with the concept of leaking the details of your broker account you can choose to publish your trades, verified or not, via photographs. In Profit.ly is the huge selection of trading courses, the ability to view stats in a trader’s profile as well as other ways to connect with your gurus through the chatroom in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for just less than 5 cents per share. The trading of penny stocks is an opportunity for small companies to move to a large marketplace as it allows them to access capital from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell thanks to his years of experience.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as trading professional. At 25 years old Sykes was given more exposure and a 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 just beginning to learn about the trading field. He also helped to establish Profit.ly as a platform for transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education sources, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the experts in trading who have proven to make substantial amounts of money from their combined years of expertise. Anonymous Allen Profitly
At its height, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll be able to observe him focus on basic stock catalysts and employ them to forecast the next moves that could occur when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS as well as Android devices, text, e-mail and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 for a month this is an ideal plan for those who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features found in prior plans, such as swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Anonymous Allen Profitly
The Superman Alerts package is his offering of essential features and trading alerts targeted to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist and the mobile application, daily market commentary in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base that is provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. On top of that you’ll also gain an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership levels, each designed for traders at different levels. Let’s break down what these three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. Once you have signed up for this plan you’ll be given a slew of robust and indispensable trading tools, each one of them essential in keeping your hands on what we call a competitive process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following and even texting other traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study your trades, sort and filter your trades; and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per month. Although it might look appealing for the price alone, there is a downside. It isn’t possible to create a private profile, which makes your personal information public. If you do want to gain the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to take advantage of a majority of features from the Novice plan. In this plan, that you are able to create an account that is private for sharing with fellow associate users all your knowledge and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to improve their expertise in trading. As nice as it seems but there’s one important aspect that’s not included. In contrast to the Novice package, you won’t be able view the statistics of other traders, which might be a drawback for some who may be anticipating this level. Anonymous Allen Profitly
The Pro plan is the highest premium package that Profit.ly could offer for seasoned traders. It costs $74.95 per month, with a 22% discount for annual billing, this tier has everything. You will have full, unrestricted access to all features of the previous plans combined.
In addition, you’ll be able to view other people’s stats and data, but you also have the opportunity to create an individual profile. These two features are on top of all the advantages that you can utilize to their fullest capacity. If you’re looking for an option that gives you with everything you require as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly has a few additional services that it can offer. One of them is the online store, where customers can select from a variety of instructional videos that are created to guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. These include best-selling products like the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, as well as all aspects of trading. There are also clips and footage of The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of features and services. You may be familiar with chat rooms since you will see it on social and messaging platforms, in addition to a few special websites that provide live chat support. But in Profit.ly the chat room is viewed as a place where gurus and their members trade and learn in real time. Every guru has their own way in operating their chat room and dealing with the members. One might be more laid back and less active, while another may be more active and in touch to their pupils. Consider chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, ranging from beginners to experienced pros. Considering the number of offers it can provide it is certain to have something for every person.
Beginners, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. They will also be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. They’ll also be able to select from the products from its online store to carry with them wherever they may go. Additionally, they can gain practical experiences by trading through the platform, however they’ll be able to realize that trading is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have years of exposure down the line, we see Profit.ly as equally as suitable to them as the newcomers. While novice traders may not be as adept at handling trading matters but the experts already know how it works and the plethora of risks that come with it. In the ideal scenario, they can utilize Profit.ly’s range of options to their maximum advantage to improve their skills in trading. Like novices, they can learn from the experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others in order to guide them through the ever-illustrious trading process. Anonymous Allen Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders from all over the world with a wealth of education communications, trading, and communication tools
- You’ll be taught by experts and advice from the company’s in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable 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 unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for a lot of its customers
- Since traders can choose to open any kind of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating this could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds because the premium customers are expected to instantly benefit from the number of features the platform is able to provide
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The Final Verdict is: Is Profit.ly Valued?
If we could come up with the answer, it’s an affirmative “yes”. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. It wasn’t intended to be created in this way. Instead, it is best to keep the ability to think with an open heart. Anonymous Allen Profitly
What we do mean”yes” is it can be a great learning tool. For those who are struggling, they might find Profit.ly’s variety of resources helpful as they do their best to avoid loss and perform better than they did before. It’s not only the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you really desire to be better at trading and wish to be taught by your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Anonymous Allen Profitly
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries in the “My Trade category on the dashboard. It lets you post your trades, verifiable or not. You may choose between three choices:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the blue check mark. If you post it manually or through images, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving downvotes from friends and colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of stock market opportunities all over the world.