The stock market can be an exciting game with high stakes. Some days, you may have the benefit of positive and satisfying numbers. On other days, however it could be the reverse and it can be very difficult to return to where you were at your most productive. If you find yourself constantly stuck in the gutter it is important to realize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the world, which is why we’ve identified 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 D And D Offers
Users Experience 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be informed responsible, transparent, and uplifting with one another through its wide array of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for people new to trading and as a hub for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. It provides users with a vast range of resources for communication and trade, it helps traders from all walks of life connect with one another. It also allows gurus to make an opportunity to invest in the right areas that the site. Think of it as a social media site akin to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are authentic and won’t allow for fraud as much as it is possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes said that Profit.ly was driven by its focus “on showing all trades, something that was never prior to.” This idea Sykes said served two objectives: one) creating public track records for not just the gurus, but also the newsletter authors and students as well as) making it possible for everyone on the platform to learn from both the wins and losses to benefit the industry of trading. D And D Offers
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of tools and services that are geared toward the success of their business. You may set up an account on the site for free, but you’re only given the capability to browse the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s offers, which we will discuss in the near future.
Making an account easy: create an account that includes your personal information and skills, join to your brokerage account, and you’ll be given the chance to climb your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a look at the performance of the trading community as well as its gurus. It’s not just a way to demonstrate that you’re worthy to the large group of traders. You can also utilize Profit.ly to purchase with a professional with the assurance that you’re comfortable of their knowledge and the credibility of their claims.
If you feel uneasy with the idea of sharing the details of your broker account then you could decide to share your trades, verified or otherwise, through photographs. Included in Profit.ly are the vast number of courses in trading, the ability to view statistics on a person’s profile, and more ways to interact with your experts through the chatroom along with notifications via email or text as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock is a small business’s shares that trade for less than $5 per share. The penny stock market is a stepping stone for small-scale businesses to make the transition to a large marketplace as it allows them to access capital from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes is sure to reveal through his many years of expertise.
Beginning in the latter years of high school, Tim Sykes has, since then, made over $6 million of earnings through his lengthy career as a trader. At 25 years old, he had been given greater exposure and a larger influence over time when he became part of the reality series “Wall Street Warriors.” He then took advantage of it to create trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also played a role in establishing Profit.ly as a place of transparency, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning sources, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the trading experts who have earned substantial profits through their years of experience. D And D Offers
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the trading industry. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packages 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 observe him focus on fundamental catalysts for stocks and utilize them to forecast the next move that is possible when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS as well as Android devices, as well as 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 version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 per 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 prior plans, which includes swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos, with new ones released weekly.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading profits. D And D Offers
The Superman Alerts package is his package of vital features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket along with the mobile application, daily market commentary shown in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. On top of that, you’ll also get an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to help you started. The platform offers 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’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. As you sign up for this plan you’ll be offered a range of strong and essential trading tools, each of which is essential to keep your fingers on what we can describe as a cutthroat process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit as well as leading, following, and even messaging your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze, sort, as well as filter trades and, finally, see other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, thus making your activities publicly available. If you do want to have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows users to benefit from a majority of features from The Novice package. It is in this plan that you are able to create a private profile to share with fellow associate users all the insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to improve their trading skills. Although it’s a nice thing but there’s one important feature that is missing. Unlike the previous Novice package, this one won’t be able to see other traders’ statistics, which could be a disadvantage for those who are eager to try this new tier. D And D Offers
The Pro plan is the most expensive plan Profit.ly offers to experienced traders. With $74.95 monthly, and 22% off for annual billing This plan offers everything. It gives you full, unlimited access to all the features of the previous plans.
You’re not only able to look at other people’s statistics and data, but you also have the opportunity to create your own private profile. These two features are in addition to the benefits that you can use to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly offers a number of additional services that it can provide. One of those is its online store, which allows users to pick from a range of videos designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and other aspects of trading. There are also clips and scenes from the Annual Pennystocking Conference, and products from other expert traders.
Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of features and services. You’re probably familiar with the chat room since you can see it across social and messaging platforms in addition to a few special websites that provide live chat support. But on Profit.ly, it is seen as a hands-on area where experts and members can interact and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the listed members there. One of them may be more laid back and not very often active, while another may be more active and in touch in their interactions with students. Think of the chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock traders, ranging from novices to the most experienced. Considering the number of offers it has to offer this platform definitely has something for all.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. They will also be enriched with weekly videos and chat room advice from the in-house experts as well as their members. They’ll also be able select from the products in its online store that they can take with them wherever they be. They can also gain hands-on experiences from trading within the platform, but eventually, they will soon learn that trading is a risky game that shouldn’t be taken as an amusing pastime.
For traders who have years of exposure down the line, we see Profit.ly equally suited to them as the newcomers. While novice traders may not be as proficient in dealing with trading issues however, experienced traders know the way it functions and the stack full of risks associated with it. It is ideal to use Profit.ly’s range of features to their full advantage to improve their trading abilities. As beginners, they are able to learn from the top experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Trade professionals who are at the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others in order to guide them through the ever-illustrious trading process. D And D Offers
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with tons of learning, communication, and trading tools
- You get to receive excellent training and insights from its inside experts, as well as collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other 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 dependable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s numerous packages and services offered could not be enough for the majority of its customers
- Since traders can choose to post any kind of trade, there is an opportunity that some them may take advantage by selecting the best trades in order to increase the rating This could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds as its premium users are expected to immediately benefit from the number of features the platform is able to offer
The Final Verdict: Is Profit.ly worth it?
If we could come up with an answer to this question, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t designed to be used to achieve this goal. Instead, it is best to keep the ability to think with an open heart. D And D Offers
What we are referring to”yes” is that it can be a great learning tool. Those who may be stuck may be able to find Profit.ly’s array of resources useful as they do their best to reduce losses and be more successful than they did before. It’s not only the poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely desire to be more successful in trading and would like to learn from your peers and experts on the way, you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ D And D Offers
How can you make use of Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries in the My Trade category on the dashboard which lets you record your trades that are verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is indicated with the small blue check. If you upload it manually or through images, it will be assigned as unverified.
The downside of having an unauthentic trade is the possibility of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, which is where the public can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just seeking to make the most profit but also to help one another grow and learn more about acquiring opportunities on the stock market all over the world.