Stock trading is an extremely risky game. On certain days, you might have the benefit of positive and satisfactory numbers. On other days you may experience the opposite and it can be extremely difficult to get back to where you were at your best. If you’re constantly stuck in the gutter You will need to realize that relying on your instincts and preserving is not always enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe, which is why we’ve found a platform that can support you to improve your performance in the industry. In this review, we’ll take 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 G Wie Goulasch
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be informed, transparent, accountable, and to build relationships with each other through its broad variety of tools and features including trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for people who are starting out as well as a place for experienced traders to track their performance through the use of advanced analytics tools. Offering users a broad array of options for communication and trade that help traders from all walks of life network with each other. It also allows gurus to make an opportunity to invest in the right areas of the platform. Imagine it as the social media equivalent to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are valid and won’t accept fake news as long as it is possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never done before.” The idea was, he said, serving two objectives: one) making public records for not just the gurus, but also the newsletter writers and students, and 2) making it possible for anyone on the platform to gain insight into both losses and wins to benefit the industry of trading. G Wie Goulasch
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of tools and services that are geared toward the success of their business. You can create an account there at no cost, however you’re only limited to having the capability to browse the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s deals that we’ll discuss in the near future.
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 the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users an insight into the performance of the trading community and its experts. It’s not just a way to prove that you’re worthy to the large group of traders, as you are also able to 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 feel uneasy with the concept of leaking the details of your broker account you may decide to share your trades, verified or otherwise, through photographs. Also included in Profit.ly are the vast number of trading courses as well as the ability to look at stats in a trader’s profile, and more ways to communicate with your gurus through the chatroom in addition to 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 well-known for his involvement in penny stock trading. According to Investopedia Penny stock refers to a small company’s stock that trades for under $5 for each share. The trading of penny stocks is an opportunity for small companies to move into a larger market because it gives them access to capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes will be able to tell you through his many years of experience.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million earnings during his long and successful career as trader. At 25 years old, he had been given greater exposure and an even wider reach of influence as a participant in the reality series “Wall Street Warriors.” He used the opportunity to develop trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place for transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have earned substantial profits from their combined years of knowledge. G Wie Goulasch
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS and Android devices, texts, emails and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 monthly, this is a great option for those who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features found in earlier plans including swing trading alerts and unlimited access to a rich library of over 7,000 educational videos, with new ones released each week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. G Wie Goulasch
The Superman Alerts package is his package of vital features and trading alerts geared to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket and the mobile application, daily market updates in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge that is provided by Superman himself, via his Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. On top of that you’ll also gain access to premium research reports and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership levels, each designed for traders of different levels. Let’s break down 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 people who are brand new to the trading world. When you sign up for this package, you will be immediately given a slew of robust and vital trading tools, each of them integral in keeping your fingers on what could call a ruthless process by itself.
Some of the 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 your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze your trades, sort as well as filter trades and lastly, look at other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive simply because of the price, there is a downside. You aren’t able to create a personal profile, thus making your actions public. If you’re looking to have access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader package lets users to benefit from the majority of features available in the Novice plan. It is in this plan that you can set up an individual profile that allows you to share with fellow associates all your insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to improve their expertise in trading. As nice as it seems however, there’s a crucial aspect that’s not included. In contrast to the Novice package, this one won’t be able to view other traders’ stats that might be a drawback for those eager to try this new tier. G Wie Goulasch
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. At $74.95 each month and 22% off for annual billing This plan offers it all. You will have full, unrestricted access to all the features from the two previous plans combined.
You’re not only able to see other users’ stats as well, you’re also offered the chance to create your own private profile. These two features are on top of all the benefits that you can use to their fullest capacity. If you’re in search of an option that gives you with everything you require as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly has a few more services it has to provide. One of these is its online store, which allows users to pick from a range of videos created to provide guidance on the ins and outs of trading. All of the products featured on this page of the site can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and other things trading-related, clips and scenes of The Annual Pennystocking Conference, and items from other experts in trading.
The integrated chat rooms are as well part of Profit.ly’s array of services and features. You’re probably familiar with the concept of the chat room since you will see it on messaging and social platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a space where experts and their members can interact and learn in real time. Each guru has their style when it comes to running their chat room and in dealing with the members. One might be laid back and less active, while another might be more interactive and online in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, ranging from novices to experienced professionals. Given the wide range of options it has to offer, the platform surely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s library of learning content offered throughout the platform. In addition, they will be provided with videos every week and chat room advice from its in-house gurus as well as their members. Additionally, they can choose from the items on its store online that they can take with them wherever they be. They can also gain hands-on experiences from trading within the platform, but eventually they’ll be able to realize that this is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we believe Profit.ly equally suited to people who are just beginning. While novice traders may not be as well-equipped with handling trading matters however, experienced traders know the way it functions and the risky mix that come with it. Ideally, they may utilize Profit.ly’s range of features to their full advantage to enhance their trading abilities. As beginners, they are able to study from the gurus and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Verified experts can also join in the fun! People in the trade industry who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders in order to navigate them through the ever-changing trading process. G Wie Goulasch
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders across the globe with tons of learning, communication, and trading tools
- You get to be provided with excellent lessons and insights from its inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices – there truly is something for all
- Profit.ly’s bountiful stream of packages and services offered could be too much for a lot of its users
- As traders may opt to post any kind of trade, there is a possibility that some of them could profit from 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 the premium customers are expected to instantly benefit from the many services that the platform can offer
The Final Concluding Question is: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it would be an affirmative “yes”. But it is important to realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally intended to be created to achieve this goal. Instead, you should have curiosity. G Wie Goulasch
What we are referring to by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they may find Profit.ly’s range of resources to be helpful in their efforts to incur lesser loss and perform better than they did before. Not only 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 really want to become more successful in trading and would like to learn from your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ G Wie Goulasch
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers an entry section for trades under the ‘My Trade category on the dashboard that lets you post your trades, either verified or not. You may choose between three choices:
- Linking your account with 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
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is evident by the blue check mark. If you upload it manually or through images, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving downvotes from friends and colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of stock market opportunities both right and left.