Stock trading is an extremely risky game. Some days, you could have the benefit of positive and satisfying numbers. On other days, however it could be the reverse and it can be very difficult to return to the point you were at your best. If you are constantly stuck in the gutter You will need to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered losses from time to time You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe, which is why we’ve discovered a platform that can support you to improve your performance in the industry. This review will be taking an in-depth look at Profit.ly is a well-known 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Lx21 Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of different levels to be informed responsible, transparent, and encouraging each other by offering a wide range of features and tools such as trade verification, chat rooms, and an enriched library of educational material.
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 and also as a platform for traders who are experienced to monitor their performance using the aid of advanced analytics tools. It provides users with a vast array of options for trade and communication that help traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Think of it as an online social media platform similar like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never previously done.” This idea Sykes said served two goals: 1.) keeping track of public data for all traders, not just the gurus and students and newsletter writers as well as) allowing anyone on the platform to learn from both losses and wins for the trading industry’s benefit. Lx21 Profitly
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of features and services aimed towards achieving success. It is possible to create an account there 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 interested in investing your money and see what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is easy: create an account with your experience and expertise, connect to your brokerage account, and you’ll have a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a glimpse of the performance of the trading community and its gurus. It’s not just a way to prove your worth to a group of traders, as you can also use Profit.ly to shop from a guru with the assurance that you’re confident with their expertise and the credibility of their assertions.
If you’re not comfortable with the idea of sharing your brokerage account, you can opt to post your trades, either verified or not, via screenshots. Also included in Profit.ly are the vast number of courses in trading and the capability to see stats in a trader’s profile, and more ways to interact with your experts via chatrooms in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, 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, a penny stock refers to a small-sized company’s stock which trades at under $5 for each share. The penny stock market can be seen as an avenue for small-scale businesses to make the transition into a larger market because it allows them to access capital from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as a trader. At 25 years old Sykes was given greater exposure and a larger influence over time as a participant in the reality TV show “Wall Street Warriors.” He then took advantage of it to develop trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also helped to establish Profit.ly as a place of transparency, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the trading experts who have made substantial amounts of money through their years of experience. Lx21 Profitly
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this 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. In light of that Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll observe him focus on basic stock catalysts and employ them to predict the next move that is possible when making trades.
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 email, text and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. At $149.95 for a month it is an ideal plan for investors who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in the previous plan, such as alerts for swing trading and access to an extensive collection of more than 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for 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 total trading earnings. Lx21 Profitly
The Superman Alerts package is his package of vital features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access daily premarket stock watchlist as well as the mobile application, daily market commentary shown in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base of information provided by Superman himself, via the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. In addition, you’ll also get the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to help you going. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. As you sign to this plan you’ll be offered a range of strong and indispensable trading tools, all of which is essential to keep your hands on what we could call a ruthless process by itself.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading, and even messaging your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze your trades, sort and filter your trades; and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing simply because of the price, there is a downside. You aren’t able to create a personal account, making your personal information public. If you’re interested in get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows you to use a majority of features from the Novice plan. This plan allows that you can create an individual profile that allows you for sharing with fellow associate users all the insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to improve their expertise in trading. As nice as it seems, there is one significant aspect that’s not included. In contrast to the Novice package, this one won’t be able to view other traders’ statistics this might be a drawback for those eager to try this new tier. Lx21 Profitly
Pro Plan
This is by far the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 per month, and 22% off for billing annually the Pro plan has it all. You get full, no-holds-barred access to all the options of the prior plans.
Not only do you get to view other people’s stats and data, but you also have the option of creating your own private profile. These two features are plus the other advantages that you can utilize to the maximum extent. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly offers a number of more services it has to offer. One of these is its online store, where customers can select from a variety of video products created to guide you through the nuances and pitfalls of trading. The products listed in this section of the website is available to be bought immediately for your personal use. These include best-selling products such as the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other things trading-related, clips and footage of events like the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s variety of services and features. You may be familiar with the chat room since you will see it on social and messaging platforms, in addition to a few special websites that offer live chat support. However, in Profit.ly the chat room is viewed as a space where experts and their members trade and learn in real time. Every guru has their own style when it comes to running their chat room and in dealing with the members there. One of them may be laid back and not very often active, while another may be more online and communicative to their pupils. Think of chatrooms as Profit.ly’s version of the forum in its 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, ranging from novices to the most experienced. Considering the number of offers it offers this platform definitely has something for all.
For instance, newbies can take advantage of Profit.ly’s library of learning materials available across the platform. Not only will they get daily videos and chat room tips from the in-house experts and members. They’ll also be able to pick from the merchandise available in its online store that they can take with them wherever they go. You can also get hands-on experience trading on the platform, but eventually, they will soon learn that trading is a risky game that shouldn’t be taken as an opportunity to make fun of.
For the traders with years of exposure down the road, we consider Profit.ly equally suitable to people who are just beginning. While novice traders may not be as well-equipped with managing trading but the experts already know how it works along with the stack full of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s array of features to their best advantage to improve their skills in trading. Like beginners, they can learn from the experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Verified experts can also join in the excitement! Trade professionals who are at similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to assist them in the ever-changing trading process. Lx21 Profitly
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You will be taught by experts and advice from the company’s inside experts, as well as 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 out if something occurs.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via images
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost – there truly is something for everyone
The Cons
- Profit.ly’s abundance of products and packages offered might seem overwhelming for a lot of its users
- If traders decide to make any type of trade, there’s a possibility that some of them could profit from selecting the best trades in order to increase the rating – this may be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds as the premium customers are expected to immediately benefit from the number of features the platform is able to provide
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The Final Verdict: Is Profit.ly Worth It?
If we could come up with the answer, it’s yes. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always designed to be used in this way. Instead, you need to have curiosity. Lx21 Profitly
What we are referring to by ‘yes’ is that it could be a useful learning tool. People who are stuck could find Profit.ly’s array of resources useful when they try their best to reduce losses and be more successful than before. It’s not only the struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
If you really want to become better at trading and wish to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Lx21 Profitly
How do you use Profit.ly to make your trades public?
Profit.ly offers an entry section for trades in the My Trade’ category of the dashboard that lets you post your trades that are verified or not. You may choose between three choices:
- Linking your account with your broker of choice and import trades directly from there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your trades
How can I tell whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there’s a high probability that it’s verifiable. This is indicated with the blue check mark. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the risk of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where people can see who’s dishonest in posting 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 on the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market left and right.
