Stock trading can be an exciting game with high stakes. On certain days, you might have the benefit of positive and satisfactory numbers. On other days, the opposite may happen, and it may sometimes be very difficult to return to where you were at your best. If you’re constantly stuck in the gutter, you will have to recognize that relying on instinct and survival might not be enough.
If you’ve experienced loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe. That’s why we’ve discovered an online platform that will help you to improve your performance in the industry. In this review, we’ll take a 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 Bryce Tuohey Profitly
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be knowledgeable responsible, transparent, and encouraging each other by offering a wide range of features and tools such as trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for those new to trading and as a hub for experienced traders to track their performance through the use of cutting-edge analytics tools. Offering users a broad variety of tools for communication and trade, it helps traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Imagine it as an online social media platform similar like Facebook and Reddit but with a focus on professionals and traders.
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 transparency and honesty: it ensures that the trades are valid and won’t accept fake news as long as possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes stated that Profit.ly was driven by its focus “on showing every trade, something that has never been done before.” The concept Sykes said served two objectives: one) creating public track records for all traders, not just the gurus as well as students and newsletter writers and secondly) making it possible for everyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Bryce Tuohey Profitly
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of features and services aimed towards achieving success. You can create an account on the site at no cost, however you’re limited to the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and skills, join to your brokerage account, and you’ll be given the chance to climb your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users an insight into how the community of traders performs and its gurus. It’s not just a way to prove your worth to a large group of traders, as you are also able to use Profit.ly to buy with a guru, and have the assurance that you’re comfortable of their knowledge and the credibility of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, you may choose to publish your trades, either verified or not, via photographs. Included in Profit.ly is the huge selection of trading courses, the ability to view statistics on a person’s profile and other methods to communicate 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 trading guru who is well-known for his involvement in penny stock trading. According to Investopedia the term “penny stock” is a small business’s shares that trade for just less than 5 cents per share. The penny stock market is a stepping stone for small businesses to transition into a larger market because it gives them access to money from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell through his many years of experience.
From his 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 25 years old, he had been given greater exposure and a larger influence over time when he became part of the reality show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for transparency and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have earned substantial profits from their collective years of expertise. Bryce Tuohey Profitly
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 for a month you will see him focus on the basic stock catalysts and employ them to predict the next possible moves in making trades.
A single purchase in 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; texts, emails and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 for a month it is a great option for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features found in earlier plans such as alerts for swing trading and access to a library of more than 7,000 instructional videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Bryce Tuohey Profitly
The Superman Alerts package is his offering of essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket and the mobile application, daily market updates in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base that is provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. On top of that, you’ll also get the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers that cater to traders of different levels. Let’s take a look at what these three tiers are and how much they will cost you.
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 up for this package you’ll be provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your fingers on what call a competitive procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice package include the capability to check the results of your trades and track profit; leading, following and even chatting with your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze, sort, and filter your trades; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. Although it looks attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, thus making your actions public. If you’re interested in have the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package allows you to use the majority of features available in The Novice package. In this plan, that you can set up an individual profile that allows you to share with other associate users all your knowledge and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to improve their skills in trading. While it’s nice, there is one significant element that’s missing. In contrast to the Novice package, this one won’t be able to view other traders’ stats this might be a drawback for those looking forward to this tier. Bryce Tuohey Profitly
The Professional plan can be described as the most expensive plan Profit.ly offers to experienced traders. With $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 features from the two previous plans.
Not only do you get to view other people’s stats and data, but you also have the opportunity to create a private profile. Both of these options, in addition to the benefits that you can use to the maximum extent. If you’re in search of an option that gives you everything you need as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly provides a variety of other services they offer. One of these is its online store, which allows users to select from a variety of video products that are designed to educate and guide you through the nuances and pitfalls of trading. All of the products featured in this section of the site can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all related to trading, videos and scenes from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s array of services and features. You are probably familiar with the concept of chat rooms since you will see it on social and messaging platforms, as well as some specialty websites that offer live chat support. But on Profit.ly, it is seen as a place where gurus and their member traders can communicate and share knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members. One of them may be a laid-back person who is not very often active, while another might be more online and communicative to their pupils. Think of chat rooms as Profit.ly’s version of the forum in essence.
Who is the Ideal trader to 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. Given the wide range of options it offers, the platform surely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based content offered throughout the platform. They will also get daily videos and chat room tips from the in-house experts as well as their members. They’ll also be able to choose from the items in its online store for them to take wherever they go. You can also get hands-on experiences by trading through the platform, but ultimately, they will soon learn that this is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suited to them as people who are just beginning. While the newbies may not be as well-equipped with dealing with trading issues, the pros already understand how it works along with the stack full of risks associated with it. It is ideal to utilize Profit.ly’s range of features to their full advantage to enhance their skills in trading. Like beginners, they can learn from the top experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the excitement! Trade professionals who are on the same level as Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to help navigate them through the ever-changing trading process. Bryce Tuohey Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You will be provided with excellent lessons and advice from the company’s in-house gurus, including collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking images
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There is truly something for all
- Profit.ly’s abundance of packages and products offered may not be enough for most of its customers
- Since traders can choose to open any kind of trade, there is a possibility that some of them could profit from selecting the best trades in order to improve their ratings – this may be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds as the premium customers are expected to immediately take advantage of the numerous services the platform has to provide
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The Final Verdict is: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t designed to be used for this reason. Instead, it is best to keep the ability to think with an open heart. Bryce Tuohey Profitly
What we are referring to”yes” is it could be a useful learning tool. People who are stuck could find Profit.ly’s variety of resources useful in their efforts to incur lesser losses and perform better than they did before. It’s not only the struggling traders who will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you truly care about being a better trader and want to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly is a fantastic choice to start.
FAQ Bryce Tuohey Profitly
How can you make use of Profit.ly to make your trades public?
Profit.ly has an entry section for trades in the “My Trade’ category of the dashboard that lets you record your trades that are verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there is an excellent chance that it is verifiable. This is indicated with the blue check mark. If you upload it in a manual way or by taking images, it will be assigned as unverified.
The drawback of posting an unverified trade is the chance of receiving downvotes from colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just seeking to make the most profit but also help each other grow and learn more about acquiring opportunities in the stock market all over the world.