Stock trading is an exciting game with high stakes. Some days, you could enjoy the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite and it could be very difficult to get back to where you were your best. If you are constantly stuck in the gutter it is important to realize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring loss from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the world, which is why we’ve found a platform that can support you in your growth in the market. In this review, we’ll be taking an in-depth 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Best Brokerage Profitly
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be knowledgeable responsible, transparent, and uplifting with each other through its broad variety of tools and features such as chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for traders new to trading and also as a platform for traders who are experienced to monitor their performance with the help of sophisticated analytics tools. Offering users a broad range of resources for 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. Think of it as an online social media platform similar like Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that trades are authentic and won’t accept fake news as long as possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine Sykes said that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been prior to.” This idea was, he said, serving two purposes: 1) making public records for all traders, not just the gurus as well as students and newsletter writers and secondly) making it possible for all users to be enlightened by both the wins and losses to benefit the industry of trading. Best Brokerage Profitly
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of tools and services that are geared at achieving achievement. You can create an account on the site for free, but you’re limited to the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re interested in investing 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, which we will go over shortly.
Setting up an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account and you have yourself the chance to climb through at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users an insight into their performance as a trading group as well as its gurus. It’s not just a way to show that you’re worthy to the large group of traders, as you are also able to use Profit.ly to purchase with a professional with the confidence that you are confident in their skills and the credibility of their claims.
If you feel uneasy with the concept of leaking information about your account with a brokerage, then you could choose to publish your trades, either verified or otherwise, through screenshots. Included in Profit.ly are the vast number of trading classes and the capability to see stats in a trader’s profile as well as other ways to interact with your experts via chatrooms as well as 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 trading personality who is famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock that trades for just less than 5 cents per share. The penny stock market is an opportunity for small companies to move to a market that is larger as it gives them access to capital from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million earnings throughout his illustrious career as trader. At the age of 25 Tim Sykes had received greater exposure and an even wider impact as a participant in the reality TV show “Wall Street Warriors.” He made use of the show to develop trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a platform for transparency and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have proven to make substantial profits from their combined years of knowledge. Best Brokerage 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 prominent 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: 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 packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you will be able to see him concentrate on the basic stock catalysts and employ them to predict the next move that is possible when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS and Android devices, as well as text, e-mail and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 per month, this is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in earlier plans including swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Best Brokerage Profitly
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist and the mobile application, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge 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 weekly video lessons, including a growing library of all the previous ones. In addition you’ll also gain access to premium research reports and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership tiers that are designed to accommodate traders with different levels. Let’s look at what the three are and how much they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. As you sign up for this plan you’ll be offered a range of strong and essential trading tools, all of which is essential to keep your fingers on what call a competitive process by itself.
Some of the features you can do with Profit.ly’s Novice program is the ability to verify trades and track profits; leading, following, and even messaging other traders; and giving feedback on the trades of today. You can also get onto leaderboards; study your trades, sort as well as filter trades; and, lastly, view other’s stats.
The Novice plan costs $29.95 per month. Although it looks attractive just by the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your personal information public. If you’re looking to get access to this feature, be watching for us to introduce to you Profit.ly’s new plan.
The Trader package allows you to use the majority of features available in the Novice plan. It is in this plan that you can set up a private profile for sharing with fellow associate users all the insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to improve their skills in trading. While it’s nice, there is one significant element that’s missing. Unlike the previous Novice package, you won’t be able to see other traders’ statistics that might be a drawback for those who are anticipating this level. Best Brokerage Profitly
This is by far the most luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 per month, with 22% off for billing annually This plan offers it all. You get full, no-holds-barred access to all features 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 a private profile. These two features are on top of all the advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives you everything you need as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly provides a variety of more services it has to offer. One of these is its online store, where customers can choose from a wide array of instructional videos that are that are designed to educate and provide guidance on the ins and outs of trading. All of the products featured on this page of the website is available to be bought immediately for your personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other things trading-related, clips and clips from the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You may be familiar with the chat room since you can find it throughout 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 hands-on area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members. Some may be a laid-back person who is rarely active, while another may be more active and in touch to their pupils. Consider chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, 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 library of learning information available on the platform. In addition, they will get daily videos and chat room tips by its internal gurus and members. They’ll also be able pick from the merchandise available on its store online for them to take wherever they may travel. They can also gain hands-on experience trading on the platform, but ultimately they’ll be able to realize that trading is a high stakes game that shouldn’t be taken as an amusing pastime.
For traders who have decades of experience in the road, we consider Profit.ly as equally as suitable to them as those who are just starting. While the newbies may not be as adept at dealing with trading issues, the pros already understand how it works along with the stack full of risks that come with it. It is ideal to utilize Profit.ly’s range of features to their best advantage to develop their trading skills. Like novices, they can study from the gurus and experts , and use those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the fun! Trade professionals who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others in order to guide them through the ever-illustrious trading process. Best Brokerage Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You get to be taught by experts and insights from its in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There’s something for every person
- Profit.ly’s bountiful stream of packages and services offered could be too much for the majority of its customers
- If traders decide to make any type of trade, there is a possibility that some of them may take advantage by cherry-picking the best trades to increase the rating this could be a concern that should not be ignored.
- Profit.ly does not accept refunds, as the premium customers will immediately benefit from the number of features the platform is able to offer
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The Final Verdict: Is Profit.ly Valued?
If we could come up with the answer, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. Best Brokerage Profitly
What we do mean”yes” is it is a fantastic learning tool. For those who are struggling, they could be able to find Profit.ly’s array of resources helpful in their efforts to avoid losses and be more successful than before. Not only poor traders that can benefit from this platform. It is able to accommodate novices 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, take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Best Brokerage 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 which allows you to post your trades that are verified or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is shown by the small blue check. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the chance of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities on the stock market all over the world.