Stock trading is a high-stakes game. Some days, you could enjoy the benefits of positive and satisfactory numbers. However, on other days it could be the reverse and it can be extremely difficult to get back to where you were at your best. If you’re always in the mud it is important to realize that relying on your instincts and preserving might not be enough.
If you’ve experienced loss 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 colleagues in the market from all over the globe, which is why we’ve identified an online platform that will help you in your growth in the market. In this review, we’ll be taking the time to look at Profit.ly is a well-known 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 Jim Oakmont Profitly
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informed responsible, transparent, and to build relationships with one another through its wide array of tools and features including trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for those who are just beginning their journey as well as a place for experienced traders to track their performance using the aid of sophisticated analytics tools. It provides users with a vast array of options for communication and trade, it helps traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Think of it as a social media site akin to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance 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 transactions are legitimate and will not accept fake news as long as is humanly possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been previously done.” This idea Sykes said served two goals: 1.) keeping track of public data for everyone, not just the experts, but also the newsletter authors and students and secondly) giving everyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Jim Oakmont Profitly
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of tools and services that are geared towards achieving the success of their business. You can create an account on the site at no cost, however you’re only given the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s offers that we’ll go over shortly.
Making an account simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you have yourself a chance to shoot through high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users a glimpse of how the community of traders performs as well as its gurus. You’re not just allowed to show your worth to a group of traders. You can also utilize Profit.ly to shop with a professional with the assurance that you’re confident with their expertise and the veracity of their assertions.
If you are unsure about the concept of leaking the details of your broker account then you could choose to publish your trades, whether verified or otherwise, through screenshots. Included in Profit.ly are the vast number of trading classes and the capability to see stats in a trader’s profile as well as other ways to interact with your experts via chatrooms in addition to text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for less than $5 per share. The trading of penny stocks could be viewed as an avenue for small companies to move to a market that is larger as it allows them to access funds from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes is sure to reveal thanks to his years of experience.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as trading professional. At the age of 25 Sykes was given more exposure and a wider impact as a participant in the reality show “Wall Street Warriors.” He made use of the show to establish trading rooms and penny stock themes and educational material aimed at those who are new to the trading field. He also played a role in establishing Profit.ly as a place for openness, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have proven to make substantial profits through their years of knowledge. Jim Oakmont Profitly
At its height, Profit.ly had housed up to five gurus, each of them an expert in their niche in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who 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 look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you will observe him focus on basic stock catalysts and employ them to anticipate the next moves that could occur when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS and Android devices, as well as text, e-mail and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. It costs $149.95 monthly, it is an ideal plan for investors who are invested in the penny-stock market. Pennystocking Silver offers all the essential features that were included in earlier plans such as swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos and new videos released weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Jim Oakmont Profitly
The Superman Alerts package is his offer of the most essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket and the mobile application, daily market commentary in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base that is provided by Superman himself through the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. In addition you’ll also have access to premium research reports as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of resources to help you up and running. The platform has three membership levels, each designed for traders of different levels. Let’s take a look at what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. As you sign up for this plan, you will be immediately given a slew of robust and vital trading tools, all of them integral in keeping your fingers on what could call a ruthless process in and of itself.
Among the list of things you can do using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following and even texting your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. While it may look attractive just by the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your personal information public. If you’re interested in get an account with this option, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader package allows you to take advantage of many of the features of the Novice plan. It is in this plan that you can create an account that is private to share with fellow associate users all the insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to develop their skills in trading. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, you will not be able to view other traders’ statistics that might be a drawback for those who are eager to try this new tier. Jim Oakmont Profitly
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. It costs $74.95 monthly, with a 22% discount for billing annually, this tier has it all. You get full, no-holds-barred access to all features of the previous plans combined.
In addition, you’ll be able to see other users’ stats and data, but you also have the chance to create a private profile. These two features are in addition to the advantages you’ll be able to use to their fullest capacity. If you’re looking for an option that gives you with everything you require as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly provides a variety of additional services that it can provide. One of those is its online store, which allows users to choose from a wide array of video products designed to inform and guide you through the ins and outs of trading. The products listed in this section of the website can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all 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 included in Profit.ly’s variety of services and features. You are probably familiar with the chat room since you will see it on messaging and social platforms, as well as some specialty websites that offer live chat support. But in Profit.ly, it is seen as a place where gurus and their members trade and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members. Some may be a laid-back person who is less active, while another might 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 cater to the wide range of stock traders, from beginners to experienced pros. Considering the number of offers it offers this platform definitely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s collection of educational materials available across the platform. In addition, they will get daily videos and chat room advice by its internal gurus and members. They’ll also be able to choose from the items from its online store for them to take wherever they travel. They can also gain hands-on experiences by trading through the platform, but ultimately, they will soon learn that this is a risky game that should not be viewed as an opportunity to make fun of.
For traders who have decades of experience in the line, we see Profit.ly equally suited for them as it is for those who are just starting. While novice traders may not be as proficient in dealing with trading issues but the experts already know how it works and the plethora of risks that come with it. In the ideal scenario, they can use Profit.ly’s array of options to their maximum advantage to enhance their skills in trading. Like beginners, they can learn from the experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the excitement! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others in order to assist them in the ever-changing trading process. Jim Oakmont Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You will be taught by experts and insights from its in-house gurus, including collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There’s something for all
- Profit.ly’s numerous packages and products offered may be too much for the majority of its customers
- Since traders can choose to post any kind of trade, there is the possibility that some of them will profit by selecting the best trades in order to increase the rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds, as the premium customers are expected to immediately benefit from the number of services the platform has to offer
The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be a ‘yes’. However, you must realize that the platform should not be used as a get-rich-quick scheme. It wasn’t meant to be designed in this way. Instead, it is best to keep the ability to think with an open heart. Jim Oakmont Profitly
What we mean”yes” is it can be a great learning tool. People who are stuck could find Profit.ly’s variety of resources useful as they do their best to avoid losses and perform better than before. It’s not just the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being a better trader and want to learn from your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Jim Oakmont Profitly
What are the best ways to use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries within the My Trade’ category of the dashboard. It lets you post your trades, either verified or not. You may choose between three choices:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there’s the 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 assigned as unverified.
The downside of having an unverified trade is the possibility of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities in the stock market all over the world.