Stock trading can be an extremely risky game. Some days, you could be reaping the benefits of positive and satisfying numbers. On other days you may experience the opposite and it can be very difficult to return to where you were at your peak. If you find yourself always in the mud it is important be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve been incurring loss from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the world, which is why we’ve identified an online platform that will help you in your growth in the industry. In this review, we’ll be taking the time to 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 F One Wtf Review
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of various levels to be informed, transparent, accountable, and to build relationships with one another through its wide range of features and tools such as chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for traders new to trading and as a hub for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Providing users with a wide variety of tools to facilitate trade and communication that help traders from all walks of life network with one another. It also allows gurus to make worthwhile investments within the confines of the platform. Think of it as an online social media platform similar like Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The trading platform is built on honesty and transparency: it ensures that the trades are valid and won’t tolerate inauthenticity as much as possible. It was established in the past 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 driven by its focus “on showing all trades, something that has never been done before.” This idea Sykes said served two purposes: 1) creating public track records for not just the gurus and newsletter authors and students and secondly) giving all users to be enlightened by both the wins and losses for the trading industry’s benefit. F One Wtf Review
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of features and services aimed at achieving success. It is possible to create an account at no cost, however you’re limited to access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offerings that we’ll go over shortly.
Setting up an account is easy: create a profile with your experiences and expertise, connect to your brokerage account, and you’ll have a chance to shoot through the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier, is designed to give its users a look at the performance of the trading community as well as its gurus. It’s not only a chance to demonstrate your worth to a community of traders. You can also utilize Profit.ly to buy with a professional with the confidence that you are confident of their knowledge and the veracity of their claims.
If you feel uneasy with the idea of sharing the details of your broker account you may opt to post your trades, verified or otherwise, through screenshots. Included in Profit.ly are the vast number of courses in trading, the ability to view the stats of a trader’s account, and more ways to connect with your gurus via chatrooms in addition to notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. The trading of penny stocks is a stepping stone for small companies to move to a large marketplace as they can access funds from the general public. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal through his many years of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in profit during his long and successful career as a trader. When he was 25 years old Sykes was given greater exposure and a larger reach of influence as a participant in the reality TV show “Wall Street Warriors.” He took advantage of it to develop trading rooms and penny stock themes as well as educational content targeted at those who are new to the trading field. He also played a role in establishing Profit.ly as a platform for openness, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational sources, trade alerts and other helpful stuff provided by the company’s internal gurus. These gurus refer to the experts in trading who have earned substantial amounts of money through their years of knowledge. F One Wtf Review
At its height, 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 as well as a handful of others. At the time of writing only two gurus remain on this platform: the founder and 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 what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you will be able to see him concentrate on the basic stock catalysts and employ them to forecast the next possible moves in making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as Android devices; text, e-mail, 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 program. Priced at $149.95 monthly, it is the perfect plan for investors who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features of prior plans, such as swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. F One Wtf Review
The Superman Alerts package is his package of vital features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access daily premarket stock watchlist along with the mobile app, daily market commentary shown in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge of information provided by Superman himself through the Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. Additionally you’ll also gain an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders at different levels. Let’s break down what these three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. As you sign up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat process by itself.
The list of features you can accomplish with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards; analyze your trades, sort and filter your trades and lastly, look at other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing just by the price, there is a downside. You can’t create a private account, making your personal information public. If you’re interested in gain the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to take advantage of many of the features of the Novice plan. This plan allows that you can set up an individual profile that allows you to share with fellow associate users all the insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters people who want to improve their skills in trading. While it’s nice however, there’s a crucial feature that is missing. In contrast to the Novice package, this one won’t be able to view other traders’ stats that could be a problem for those anticipating this level. F One Wtf Review
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 per month, which includes an additional 22% discount for billing annually, this tier has everything. You get full, no-holds-barred access to all the features from the two prior plans.
You’re not only able to see other users’ stats, but you’re also given the opportunity to create your own private profile. These two features are on top of all the advantages you’ll be able to use to their fullest capacity. If you’re in search of a plan that can serve you everything you need as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly provides a variety of other services they offer. One of those is its online store, where customers can pick from a range of videos that are designed to educate and provide guidance on the ins and outs of trading. The products listed on this page of the website can be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and other related to trading, videos and footage of events like 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 range of features and services. You may be familiar with chat rooms since you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a place where gurus and their members can interact and share knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members there. Some may be a laid-back person who is rarely engaged, while another could be more online and communicative in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse 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 can provide, the platform surely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. In addition, they will be provided with videos every week and chat room tips from the in-house experts and members. They’ll also be able to pick from the merchandise available from its online store to carry with them wherever they may be. They can also gain hands-on experiences from trading within the platform, but eventually they’ll be able to realize that the process is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have many years of experience down the line, we see Profit.ly equally suitable to them as those who are just starting. Although the novices might not be as adept at managing trading however, experienced traders know how it works and the risky mix that come with it. Ideally, they may use Profit.ly’s variety of features to their full advantage to improve their trading abilities. As beginners, they are able to learn from the experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the fun! Those in the trading industry who are on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to help guide them through the ever-illustrious trading process. F One Wtf Review
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You get to receive excellent training and tips from the internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready 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 authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost – there truly is something for every person
The Cons
- Profit.ly’s abundance of products and packages offered might be too much for most of its customers
- Since traders can choose to post any kind of trade, there’s a possibility that some of them will profit by picking the most profitable trades to boost their rating – this may be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds as the premium customers will immediately benefit from the number of services the platform has to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could come up with an answer to this question, it’s a ‘yes’. However, you must realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t meant to be designed for this reason. Instead, it is best to keep an open mind. F One Wtf Review
What we are referring to by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck may discover Profit.ly’s variety of resources helpful when they try their best to reduce loss and perform better than they did before. It’s not just the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be more successful in trading and would like to learn from your fellows and gurus along the way, then look no further – Profit.ly could be a good alternative to start.
FAQ F One Wtf Review
How can you make use of Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries in 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 to the broker of choice and import transactions directly through there
- Manually entering your trades into specified spaces and information.
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there is the likelihood that it can be verified. This is shown by the small blue check. If you submit the information manually or via pictures, it will be assigned as unverified.
The downside of having an unauthentic trade is the risk of receiving negative feedback from fellow peers. Too many downvotes may cause you to show up in the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as on the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are currently 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 to help one another grow and learn more about acquiring opportunities on the stock market all over the world.
