Stock trading can be a high-stakes game. On certain days, you may enjoy the benefits of positive and satisfactory numbers. On other days, the opposite may happen and it could be extremely difficult to get back to the point you were at your most productive. If you find yourself constantly stuck in the gutter it is important be aware that relying solely on instinct and survival may not always be enough.
If you’ve been incurring occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe. That’s why we’ve found an online platform that will help you to improve your performance in the market. This review will be taking an in-depth look at Profit.ly, a well-recognized 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 Edgewonk Vs Profitly
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that allows traders of all levels to be informative, transparent, accountable, and to build relationships with each other by offering a wide variety of tools and features such as trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for those who are just beginning their journey and also as a platform for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Offering users a broad variety of tools for communication and trade that help traders from all walks of life network with each other. It gives the gurus worthy investments within the boundaries of the platform. Imagine it as an online social media platform similar like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are valid and won’t accept fake news as long as possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes publication, Sykes stated that Profit.ly was based “on the transparency of every trade, something that was never prior to.” The concept Sykes said served two purposes: 1) keeping track of public data for all traders, not just the gurus and newsletter authors and students and secondly) making it possible for anyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. Edgewonk Vs Profitly
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of features and services aimed towards achieving achievement. You can create an account at no cost, however you’re only given access to the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s offers, which we will review in the coming days.
Making an account simple: Create a profile with your experiences and expertise, connect to your brokerage account, and you have yourself an opportunity to make your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a look at the performance of the trading community and its gurus. It’s not just a way to demonstrate your worth to a large group of traders. You are also able to use Profit.ly to shop from a guru with the assurance that you’re confident in their skills and the veracity of their assertions.
If you are unsure about the idea of sharing your brokerage account, you can opt to post your trades, verified or not, via photographs. Included in Profit.ly are the vast number of trading courses as well as the ability to look at statistics on a person’s profile and other methods to communicate with your gurus in the chatroom, as well as 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 famously known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for less than $5 per share. The trading of penny stocks is an opportunity for small businesses to transition to a market that is larger as it gives them access to money from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as trading professional. At 25 years old Tim Sykes had received greater exposure and a larger reach of influence when he was a part of the reality show “Wall Street Warriors.” He made use of the show to establish trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of transparency, and for the community to lift each other up and compete against each other on 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 helpful stuff provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have proven to make substantial amounts of money through their years of experience. Edgewonk Vs Profitly
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll observe him focus on basic stock catalysts and employ them to predict the next move that is possible when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS and Android devices; email, text and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. It costs $149.95 per month, it is an ideal plan for investors who are involved in the penny-stock market. Pennystocking Silver includes all the basic features of prior plans, including alerts for swing trading and access to a library of more than 7,000 instructional videos and new videos released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Edgewonk Vs Profitly
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted to those interested. For $147/month, you’ll get access daily premarket stock watchlist along with the mobile app, the daily market updates in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base that is provided by Superman himself, via the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. In addition you’ll also have an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership levels that cater to traders at different levels. Let’s look at what the three levels are and what they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand 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 one of them essential in keeping your fingers on what could call a ruthless procedure in its own.
The list of features you can do using Profit.ly’s Novice package is the capability to check the results of your trades and track profit as well as leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, which makes your actions public. If you’re looking to get access to this feature, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to take advantage of many of the features of the novice plan. In this plan, that you can create an account that is private to share with fellow associate users all your knowledge and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to improve their skills in trading. As nice as it seems however, there’s a crucial element that’s missing. Unlike the previous Novice package, this one won’t be able view the statistics of other traders that could be a problem for those who are anticipating this level. Edgewonk Vs Profitly
This is by far the highest luxurious package Profit.ly can offer to experienced traders. At $74.95 each month and 22% off when billed annually, this tier has it all. You will have full, unrestricted access to all features from the two previous plans.
You’re not only able to see other users’ stats and data, but you also have the opportunity to create your own private profile. Both of these features, in addition to the advantages you’ll be able to use to the maximum extent. If you’re looking for an option that gives you with everything you require as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly provides a variety of additional services that it can provide. One of them is the online store, where customers can pick from a range of instructional videos that are that are designed to educate and guide you through the ins and outs of trading. All of the products featured on this page of the website is available to be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and other things trading-related, clips and clips taken from the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s variety of services and features. You are probably familiar with the concept of the chat room since you can find it throughout messaging and social platforms, in addition to a few special websites that provide live chat support. But in Profit.ly the chat room is viewed as a space where experts and their member traders can communicate and learn in real time. Every guru has their own way in operating their chat room and dealing with the listed members. One might be a laid-back person who is not very often engaged, while another could be more interactive and online in their interactions with students. Consider chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, from beginners to experienced pros. Given the wide range of options it offers, the platform surely has something for all.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will get daily videos and chat room advice from the in-house experts and members. Additionally, they can select from the products on its store online that they can take with them wherever they may travel. You can also get hands-on experiences from trading within the platform, however, they will soon learn that the process is a risky game that should not be viewed as an amusing pastime.
For the traders with decades of experience in the road, we consider Profit.ly equally suited to them as the newcomers. Although the novices might not be as adept at handling trading matters however, experienced traders know the way it functions and the risky mix that it carries. Ideally, they may make use of Profit.ly’s variety of options to their maximum advantage to improve their trading skills. Like beginners, they can learn from the experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the enjoyment! Trade professionals who are on the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others in order to navigate them through the ever-changing trading process. Edgewonk Vs Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s many 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’ll be provided with excellent lessons and tips from the inside experts, as well as collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There’s something for all
- Profit.ly’s bountiful stream of packages and products offered may not be enough for the majority of its users
- As traders may opt to open any kind of trade, there’s a possibility that some of them will profit by selecting the best trades in order to increase the rating this could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the number of services the platform has to provide
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The Final Verdict is: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed to achieve this goal. Instead, it is best to keep an open mind. Edgewonk Vs Profitly
What we do mean”yes” is it could be a useful learning tool. For those who are struggling, they could be able to find Profit.ly’s variety of resources to be helpful when they try their best to avoid losses and be more successful than before. It’s not just the struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
If you truly care about being a better trader and want to learn from your mentors and peers along the way, then look no further – Profit.ly may be a great alternative to start.
FAQ Edgewonk Vs Profitly
How can you make use of Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries within the “My Trade section of the dashboard which lets you post your trades that are verified or not. There are three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually inputting your trades with the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there is a high chance that it is verifiable. This is shown by the small blue check. If you upload it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthenticated trade is the chance of getting downvotes from your fellow peers. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are trying to maximize profits but also help each other learn and improve in acquiring stock market opportunities all over the world.