Stock trading is an exciting game with high stakes. On some days, you could have the benefit of positive and satisfying numbers. On other days, the opposite may happen and it can be very difficult to get back to where you were your best. If you’re immersed in the water it is important be aware that relying solely on instinct and survival is not always enough.
If you’ve been incurring losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the globe. That’s why we’ve identified an option that can help you in your improvement within the field. In this review, we’ll take a look at Profit.ly, a well-recognized single-stop social platform to trade!
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.
Total Rating: 4.1/5 G Floats Review
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of various levels to be knowledgeable responsible, transparent, and encouraging each other through its broad range of features and tools like trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for people who are just beginning their journey and as a hub for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Providing users with a wide array of options to facilitate trade and communication, it helps traders from every field of business connect with each other. It gives the gurus worthy investments within the boundaries of this platform. Consider it the social media equivalent the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that was never prior to.” This idea, he added, served two goals: 1.) making public records for not just the gurus, but also the newsletter writers and students as well as) giving all users to be enlightened by the losses and wins to the benefit of the trading industry. G Floats Review
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of features and services aimed at achieving achievement. You can create an account on the site at no cost, however you’re limited to the capability to browse the leaderboards and monitor 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 it is necessary to subscribe to any of Profit.ly’s deals, which we will review in the coming days.
Making an account easy: create an account with your experience and expertise, connect to your brokerage account and you’ll be given an opportunity to make through high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users a look at their performance as a trading group and its gurus. You’re not just allowed to show 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 legitimacy of their assertions.
If you’re not comfortable with the concept of leaking the details of your broker account you may choose to publish your trades, whether verified or otherwise, through photographs. Included in Profit.ly is the huge selection of courses in trading as well as the ability to look at stats in a trader’s profile and other methods to communicate with your gurus via chatrooms along with text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s stock that trades for less than $5 per share. Penny stock trading can be seen as an avenue for small-scale businesses to make the transition into a larger market because it allows them to access money from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes will be able to tell you through his many years of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as a trader. When he was 25 years old, he had been given greater exposure and an even wider influence over time as a participant in the reality TV show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also helped establish Profit.ly as a platform for openness, and to allow the community to rise and compete 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 proven to make significant amounts of profit from their combined years of experience. G Floats Review
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, only two gurus remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to predict the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS as well as Android devices, as well as text, e-mail and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. At $149.95 monthly, this is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in earlier plans such as alerts for swing trading and access to an extensive collection of more than 7,000 educational videos and new videos released weekly.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both 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 profits. G Floats Review
The Superman Alerts plan is his offering of essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have 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 email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. Additionally, you’ll also get an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to get you up and running. The platform has three membership levels that cater to traders with different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. Once you have signed to this plan you’ll be given a slew of robust and indispensable trading tools, each of which is essential to keep your fingers on what we call a competitive procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice program is the ability to verify trades and track profits as well as leading, following and even chatting with other traders; and providing feedback on trades today. It also allows you to be on leaderboards; analyze, sort, and filter your trades and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price, there is a downside. You can’t create a private profile, thus making your actions public. If you do want to get the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader plan allows users to benefit from many of the features of the Novice plan. It is in this plan that you can set up an account that is private for sharing with fellow associates all your insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to improve their trading skills. While it’s nice however, there’s a crucial feature that is missing. As opposed to the prior Novice package, you won’t be able view other traders’ stats this could be a problem for those who are anticipating this level. G Floats Review
The Professional plan can be described as the highest expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 monthly, which includes an additional 22% discount for billing annually, this tier has it all. You will have full, unrestricted access to all the features from the two prior plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the option of creating an individual profile. Both of these features, plus the other benefits that you can use to the fullest potential. If you’re in search of a plan that can serve you everything you need as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly has a few other services they provide. One of these is its online store, where customers can choose from a wide array of video products created to provide guidance on the nuances and pitfalls of trading. The products listed on this page of the site can be purchased immediately for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other things trading-related, clips and footage from The Annual Pennystocking Conference, and items from other experts in trading.
Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of features and services. You may be familiar with the concept of chat rooms since you can see it across social and messaging platforms as well as some specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a real-time 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 might be a laid-back person who is rarely active, while another may be more online and communicative in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, ranging from novices to experienced professionals. With the variety of deals it has to offer this platform definitely has something for all.
Newbies, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. Not only will they get daily videos and chat room advice from the in-house experts and their members. They’ll also be able choose from the items in its online store that they can take with them wherever they travel. They can also gain hands-on experience trading on the platform, but ultimately they’ll be able to realize that this is a high-stakes game that should not be viewed as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suited to the newcomers. While the newbies may not be as well-equipped with dealing with trading issues however, experienced traders know how it works and the stack full of risks that it carries. It is ideal to utilize 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 simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the fun! Trade professionals who are at the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to assist them in the ever-changing trading process. G Floats Review
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders across the globe with tons of learning, communication, and trading tools
- You’ll be taught by experts and tips from the internal experts, which include collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders who are ready 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 dependable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices – there truly is something for every person
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for most of its customers
- Since traders can choose to make any type of trade, there’s an opportunity that some them will profit by selecting the best trades in order to boost their rating This could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds, as its premium users are expected to instantly take advantage of the numerous features the platform is able to provide
The Final Concluding Question: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it would be yes. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always intended to be created to achieve this goal. Instead, you need to have an open mind. G Floats Review
What we are referring to”yes” is that it can be a great learning tool. People who are stuck could be able to find Profit.ly’s array of resources helpful as they do their best to incur lesser loss and perform better than before. Not only poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become better at trading and wish to be taught by your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ G Floats Review
How can you make use of Profit.ly to make your trades public?
Profit.ly has a trade entry portion within the “My Trade’ category of the dashboard that lets you record your trades, either verified or not. There are three options:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your transactions
How do I know whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there is an excellent probability that it’s verifiable. This is evident by the blue check mark. If you post it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the possibility of receiving downvotes from fellow peers. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are trying to maximize profits but also assist each other to learn and improve in acquiring opportunities on the stock market all over the world.