Stock trading can be an exciting game with high stakes. Some days, you may be reaping the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it could be very difficult to return to where you were at your peak. If you are immersed in the water, you will have be aware that relying solely on your instincts and preserving may not always 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. Also, you’ll need an enormous boost from your colleagues in the market from all over the world, which is why we’ve identified a platform that can support you to improve your performance within the field. In this review, we’ll take an in-depth look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Cameron Fous Profitly
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informed and accountable, as well as transparent and encouraging each other by offering a wide range of features and tools including trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for people who are starting out as well as a place for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Offering users a broad range of resources for trade and communication, it helps traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas of this platform. Think of it as a social media site akin 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 of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are authentic and won’t allow for fraud as much as is humanly possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been prior to.” This idea was, he said, serving two goals: 1.) making public records for all traders, not just the gurus, but also the students and newsletter writers and secondly) allowing all users to gain insight into the losses and wins for the trading industry’s benefit. Cameron Fous Profitly
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of tools and services that are geared toward achievement. You can create an account for free, but you’re only given the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s offers, which we will go over shortly.
Setting up an account is easy: create an account that includes your personal information and skills, join to your brokerage account, and you’ll have an opportunity to make through at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a glimpse of the performance of the trading community and its experts. It’s not just a way to demonstrate that you’re worthy to the large group of traders, but you can also use Profit.ly to buy from a guru with the assurance that you’re confident of their knowledge and the credibility of their claims.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, then you could decide to share your trades, either verified or not, by taking photographs. Also included in Profit.ly are a variety of courses in trading as well as the ability to look at the stats of a trader’s account as well as other ways to communicate with your gurus via chatrooms in addition to text and e-mail alerts and updates.
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, a penny stock is a small business’s shares that trade for less than $5 per share. Penny stock trading could be viewed as a stepping stone for small-scale businesses to make the transition into a larger market because it gives them access to funds from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes is sure to reveal because of his decades of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as trading professional. At 25 years old, he had been given more exposure and a wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He then used the opportunity to create trading rooms and penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped to establish Profit.ly as a place of transparency, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational sources, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to the trading experts who have proven to make substantial amounts of money from their combined years of knowledge. Cameron Fous Profitly
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him concentrate on the basic stock catalysts and employ them to predict the next move that is possible when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS as well as Android devices, texts, emails, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. At $149.95 monthly, this is an ideal plan for those who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features found in prior plans, including alerts for swing trading and access to an extensive library of more than 7,000 instructional videos that are updated every week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with 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 profits. Cameron Fous Profitly
The Superman Alerts package is his package of vital features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket as well as the mobile app, the daily market commentary in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base that is 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 have an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and make a mark on the market, Profit.ly has the right amount of tools to get you started. The platform offers three membership levels, each designed for traders with different levels. Let’s take a look at what these 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 those who are just beginning their journey to the world of trading. As you sign to this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your hands on what we call a competitive process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards; analyze, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone but there’s a disadvantage. You can’t create a private account, making your actions public. If you’re interested in get the benefit of this service, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader package allows you to take advantage of a majority of features from the novice plan. It is in this plan that you can create an account that is private to share with other associates all your insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to improve their expertise in trading. While it’s nice however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you won’t be able view the statistics of other traders this could be a problem for some who may be looking forward to this tier. Cameron Fous Profitly
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. With $74.95 monthly, with an additional 22% discount for annual billing This plan offers it all. You will have full, unrestricted access to all features from the two previous plans.
You’re not only able to view other people’s stats as well, you’re also offered the option of creating your own private profile. These two features are plus the other advantages that you can utilize to the fullest potential. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly has a few other services they provide. One of them is the online store, where customers can choose from a wide array of instructional videos that are created to guide you through the nuances and pitfalls of trading. The products listed in this section of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and other aspects of trading. There are also clips and footage taken from the Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms 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, as well as some specialty websites that provide live chat support. But on 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 way in operating their chat room and in dealing with the members. One might be a laid-back person who is rarely engaged, while another could be more interactive and online in their interactions with students. Think of chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, from novices to experienced professionals. Given the wide range of options it offers, the platform surely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. They will also get daily videos and chat room tips from its in-house gurus and members. They’ll also be able to choose from the items from its online store for them to take wherever they may go. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll be able to realize that the process is a risky game that should not be viewed as an opportunity to make fun of.
For the traders with decades of experience in the line, we see Profit.ly equally suited to people who are just beginning. While novice traders may not be as well-equipped with dealing with trading issues however, experienced traders know how it works along with the stack full of risks that it carries. It is ideal to use Profit.ly’s array of options to their maximum advantage to enhance their trading abilities. As beginners, they are able to learn from the experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the excitement! Those in the trading industry who are at an equal level with Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others in order to assist them in the ever-changing trading process. Cameron Fous Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You get to receive excellent training and advice from the company’s in-house gurus, including collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices There is truly something for everyone
- Profit.ly’s numerous products and packages offered might be too much for the majority of its customers
- As traders may opt to post any kind of trade, there’s the possibility that some of them could profit from cherry-picking the best trades to boost their rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds because its premium users are expected to instantly benefit from the many services the platform has to provide
The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could come up with an answer to this question, it would be yes. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t designed to be used for this reason. Instead, you need to have the ability to think with an open heart. Cameron Fous Profitly
What we mean”yes” is that it could be a useful learning tool. People who are stuck may discover Profit.ly’s range of resources helpful in their efforts to reduce loss and perform better than before. It’s not only the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly care about being a better trader and want to learn from your mentors and peers along the way, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Cameron Fous Profitly
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries in the “My Trade’ category of the dashboard which lets you record your trades, either verified or not. There are three choices:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your transactions
How do I know if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is the probability that it’s verifiable. This is evident by the small blue check. If you submit the information manually or via images, it will be classified as unverified.
The downside of having an unverified trade is the risk of receiving negative feedback from fellow peers. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just trying to maximize profits but also to help one another learn and improve in acquiring opportunities on the stock market both right and left.