Stock trading is an exciting game with high stakes. Some days, you may enjoy the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite, and it may sometimes be extremely difficult to return to where you were at your best. If you’re immersed in the water, you will have be aware that relying solely on instinct and survival is not always enough.
If you’ve been incurring loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe. That’s why we’ve found a platform that can support you to improve your performance in the market. In this review, we’ll be taking an in-depth look at Profit.ly A well-respected 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.
Overall Rating: 4.1/5 Mason Profitly
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informative and accountable, as well as 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 material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for people who are starting out as well as a place for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. It provides users with a vast variety of tools for communication and trade and letting traders from all walks of life connect with each other. It also allows gurus to make worthy investments within the boundaries of this platform. Think of it as a social media site akin to 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 transparency and honesty: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was created in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes publication, Sykes stated that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never previously done.” The idea, he added, served two purposes: 1) keeping track of public data for everyone, not just the experts as well as newsletter writers and students and secondly) giving all users to gain insight into both the wins and losses to benefit the industry of trading. Mason Profitly
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of tools and services that are geared toward success. It is possible to create an account there at no cost, however you’re limited to the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time, you will need to join one of Profit.ly’s offers, which we will go over shortly.
Making an account easy: create a profile with your experiences and skills, join to your brokerage account, and you’ll have an opportunity to make through high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a glimpse of their performance as a trading group and its experts. It’s not only a chance to show that you’re worthy to the community of traders, but you are also able to use Profit.ly to purchase from a guru with the assurance that you’re confident of their knowledge and the credibility of their assertions.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you can opt to post your trades, verified or otherwise, through screenshots. Also included in Profit.ly is the huge selection of courses in trading as well as the ability to look at the stats of a trader’s account as well as other ways to communicate with your gurus via chatrooms in addition to notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality 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 which trades at less than $5 per share. Penny stock trading is an avenue for small-scale businesses to make the transition into a larger market because they can access capital from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes is sure to reveal because of his decades of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as trading professional. At the age of 25, he had been given greater exposure and a larger influence over time as a participant in the reality TV show “Wall Street Warriors.” He made use of the show to develop trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped establish Profit.ly as a platform for openness, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have proven to make significant amounts of profit from their collective years of knowledge. Mason Profitly
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the trading industry. Some of the most famous experts 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 the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll see him focus on the basic stock catalysts and employ them to anticipate the next move that is possible when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS and Android devices, as well as texts, emails, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 per month, this is an ideal plan for those who are more committed to investing in penny stocks. Pennystocking Silver comes with all the standard features found in prior plans, such as swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by 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 earnings. Mason Profitly
The Superman Alerts package is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist and the mobile application, daily market commentary in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base of information provided by Superman himself through his Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. Additionally you’ll also gain an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and make a mark on the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s take a look at what these three tiers are and how much they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. Once you have signed up for this plan you’ll be offered a range of strong and essential trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat procedure in its own.
Some of the features you can accomplish using Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following and even chatting with other traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study, sort, or filter the trades you make and, lastly, view other’s stats.
The Novice plan is $29.95 per month. While it may look attractive just by the price but there’s a disadvantage. You aren’t able to create a personal account, making your personal information public. If you’re looking to have access to this feature, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to take advantage of a majority of features from the novice plan. In this plan, that you are able to create a private profile to share with other associates all your insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to develop their expertise in trading. While it’s nice but there’s one important feature that is missing. As opposed to the prior Novice package, you will not be able view the statistics of other traders, which might be a drawback for those eager to try this new tier. Mason Profitly
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 each month with an additional 22% discount for annual billing, this tier has everything. You will have full, unrestricted access to all the features of the prior plans.
You’re not only able to see other users’ stats, but you’re also given the opportunity to create your own private profile. Both of these features, in addition to the benefits that you can use to the maximum extent. If you’re in search of an option that gives all the features you need to be a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly offers a number of additional services that it can provide. One of them is the online store, which allows users to select from a variety of videos that are designed to educate and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and all other related to trading, videos and scenes taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of services and features. You may be familiar with the chat room as you can see it across social and messaging platforms, and also on a few specialty websites that offer live chat support. However, in Profit.ly, it is seen as a area where experts and member traders can communicate and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members there. One might be a laid-back person who is less active, while another may be more active and in touch to their pupils. Think of chatrooms as Profit.ly’s version of a forum, in its 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 can provide it is certain to have something for all.
For instance, newbies will appreciate Profit.ly’s collection of educational information available on the platform. In addition, they will be provided with videos every week and chat room tips by its internal gurus and members. They’ll also be able to choose from the items on its store online that they can take with them wherever they may travel. You can also get hands-on experience trading on the platform, however they’ll be able to realize that trading 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 road, we consider Profit.ly equally suitable to those who are just starting. Although the novices might not be as adept at managing trading however, experienced traders know the way it functions and the plethora of risks associated with it. It is ideal to utilize Profit.ly’s variety of features to their full advantage to enhance their trading skills. As beginners, they are able to learn from the experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the enjoyment! Those in the trading industry who are on an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others in order to assist them in the ever-changing trading process. Mason Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You’ll receive excellent training and insights from its internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates – there truly is something for all
- Profit.ly’s abundance of packages and services offered could seem overwhelming for most of its customers
- Since traders can choose to open any kind of trade, there’s the possibility that some of them could profit from selecting the best trades in order to boost their rating this could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds because the premium customers are expected to instantly benefit from the number of features the platform is able to provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we were able to come up with the answer, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always intended to be created for this reason. Instead, you should have an open mind. Mason Profitly
What we are referring to by ‘yes’ is that it could be a useful learning tool. Those who may be stuck could find Profit.ly’s range of resources useful in their efforts to avoid losses and be more successful than they did before. Not only struggling traders that will benefit from this platform. It can accommodate beginners and even experts in the field!
If you really desire to be better at trading and wish to learn from your peers and experts on the way, look no further – Profit.ly may be a great alternative to start.
FAQ Mason Profitly
How can you make use of Profit.ly to post your trades?
Profit.ly offers a trade entry portion in the “My Trade section of the dashboard. It lets you record your trades, verifiable or otherwise. There are three choices:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Take a photo of your transactions
How can I tell if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is indicated with the blue check mark. If you post the information manually or via screenshots, it will automatically be assigned as unverified.
The disadvantage of an unverified trade is the possibility of receiving downvotes from colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are seeking to make the most profit but also to help one another learn and improve in acquiring opportunities on the stock market all over the world.