Stock trading is a high-stakes game. Some days, you may be reaping the benefits of pleasing and positive numbers. However, on other days you may experience the opposite and it could be extremely difficult to get back to the point you were at your best. If you are constantly stuck in the gutter, you will have be aware that relying solely on instinct and survival is not always enough.
If you’ve experienced losses from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve identified an online platform that will help you to improve your performance in the market. This review will be taking the time to look at Profit.ly A well-respected one-stop 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.
Total Rating: 4.1/5 Lor Win Rate
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be knowledgeable responsible, transparent, and encouraging each other by offering a wide range of features and tools 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 new to trading and also as a platform for experienced traders to track their performance with the help of advanced analytics tools. It provides users with a vast variety of tools for communication and trade that help traders from every field of business connect with one another. It offers gurus with worthwhile investments within the confines of the platform. Imagine it as the social media equivalent like Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are valid and won’t allow for fraud as much as it is possible. It was created years ago by the penny stock trade expert and investment guru 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 all trades, something that has never been previously done.” The idea was, he said, serving two purposes: 1) making public records for everyone, not just the experts, but also the newsletter writers and students as well as) making it possible for all users to gain insight into both the wins and losses to the benefit of the trading industry. Lor Win Rate
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of tools and services that are geared toward success. You may set up an account on the site at no cost, however you’re only limited to having the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offerings, which we will review in the coming days.
The process of opening an account is easy: create a profile with your experiences and expertise, connect to your brokerage account, and you’ll be given a chance to shoot your way up to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users an insight into the performance of the trading community as well as its gurus. You’re not just allowed to prove your worth to a large group of traders, but you can also utilize Profit.ly to shop with a guru, and have the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the idea of sharing your brokerage account, then you could decide to share your trades, verified or otherwise, through pictures. In Profit.ly is the huge selection of courses in trading and the capability to see statistics on a person’s profile and other methods to communicate with your gurus via chatrooms along with notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. The trading of penny stocks could be viewed as a stepping stone for small-scale businesses to make the transition to a market that is larger as it gives them access to capital from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes will be able to tell you because of his decades of experience.
Beginning in his late years in high school, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as a trader. When he was 25 years old Tim Sykes had received greater exposure and a larger influence over time when he was a part of the reality TV show “Wall Street Warriors.” He then used the opportunity to create trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for transparency, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning sources, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to the trading experts who have proven to make significant amounts of profit through their years of experience. Lor Win Rate
At its peak, Profit.ly had housed up to five gurus. Each of them a pro within their particular field in the field of trading. Some of the most famous experts were 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 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 what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll see him focus on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in trading.
A standalone purchase in 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 as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 monthly, this is the perfect plan for investors who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in prior plans, such as swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos, with new ones released every week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Lor Win Rate
The Superman Alerts plan is an offer of the most essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist along with the mobile application, daily market updates in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base provided by Superman himself through the Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. On top of that, you’ll also get the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership levels, each designed for traders of different levels. Let’s look at what the three levels are and what they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. When you sign to this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, all of which is essential to keep your fingers on what can describe as a cutthroat process in and of itself.
Some of the features you can do with Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following and even chatting with other traders; and giving feedback on the trades of today. It also allows you to be onto leaderboards; study your trades, sort and filter your trades; and lastly, look at other’s stats.
The Novice plan costs $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. You can’t create a private profile, thus making your personal information public. If you’re looking to gain an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to take advantage of a majority of features from The Novice package. It is in this plan that you can create an individual profile that allows you to share with fellow associate users all the insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to develop their skills in trading. As nice as it seems however, there’s a crucial element that’s missing. Unlike the previous Novice package, you won’t be able to see the statistics of other traders that could be a disadvantage for those who are eager to try this new tier. Lor Win Rate
The Professional plan can be described as the highest expensive plan Profit.ly can offer to experienced traders. With $74.95 monthly, with an additional 22% discount when billed annually This plan offers it all. You will have full, unrestricted access to all the options of the prior plans.
Not only do you get to look at other people’s statistics, but you’re also given the chance to create your own private profile. Both of these features, plus the other benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly offers a number of more services it has to offer. One of these is its online store, which allows users to pick from a range of videos created to provide guidance on the nuances and pitfalls of trading. The products listed in this section of the website is available to be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other related to trading, videos and clips from the Annual Pennystocking Conference, and products from other expert traders.
Chat rooms integrated into Profit.ly are included in Profit.ly’s range of features and services. You’re probably familiar with the chat room since you can find it throughout social and messaging platforms in addition to a few special websites that offer live chat support. But on Profit.ly it’s seen as a real-time place where gurus and their members trade and learn in real time. Each guru has their style in operating their chat room and dealing with the listed members. Some may be a laid-back person who is less active, while another may be more online and communicative with their students. Think of chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock trader types, from novices to the most experienced. With the variety of deals it offers it is certain to have something for every person.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus and members. Additionally, they can select from the products on its store online to carry with them wherever they may go. Additionally, they can gain practical experiences from trading within the platform, but eventually, they will soon learn that this is a high-stakes game that should not be viewed as an amusing pastime.
For traders who have years of exposure down the line, we believe Profit.ly equally suited to them as those who are just starting. While novice traders may not be as well-equipped with handling trading matters however, experienced traders know how it works along with the plethora of risks associated with it. Ideally, they may make use of Profit.ly’s array 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 quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Trade professionals who are at similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to assist them in the ever-changing trading process. Lor Win Rate
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with tons of learning, communication, and trading tools
- You will receive excellent training and insights from its inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and authentic trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates – there truly is something for every person
- Profit.ly’s numerous packages and services offered could be too much for the majority of its users
- As traders may opt to make any type of trade, there is a possibility that some of them could profit from selecting the best trades in order to increase the rating this could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds, as its premium users are expected to immediately benefit from the number of features the platform is able to provide
The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could come up with the answer, it would be a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t intended to be created for this reason. Instead, you should have the ability to think with an open heart. Lor Win Rate
What we do mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they may be able to find Profit.ly’s variety of resources to be helpful in their efforts to reduce losses and be more successful than they did before. It’s not only the struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
If you really care about being better at trading and wish to learn from your peers and experts on the way, look no further – Profit.ly could be a good choice to start.
FAQ Lor Win Rate
How do you use Profit.ly to post your trades?
Profit.ly includes a trade entry portion within the ‘My Trade category on the dashboard that lets you record your trades, either verified or not. You may choose between three choices:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there is the chance that it is verifiable. This is indicated with the blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The downside of having an unauthenticated trade is the possibility of receiving negative feedback from colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just trying to maximize profits but also help each other grow and learn more about acquiring stock market opportunities both right and left.