Stock trading is an extremely risky game. On some days, you could have the benefit of pleasing and positive numbers. However, on other days it could be the reverse and it could be very difficult to return to where you were at your best. If you find yourself always in the mud it is important be aware that relying solely on your instincts and preserving is not always enough.
If you’ve suffered losses 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 trading partners from all over the globe. That’s why we’ve identified an option that can help you in your growth in the market. In this review, we’ll take a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Matt Owens Profitly
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of various levels to be informative and accountable, as well as transparent and encouraging each other through its broad range of features and tools like chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for those new to trading and as a hub for traders with experience to keep track of their performance with the help of advanced analytics tools. Providing users with a wide array of options for trade and communication, it helps traders from all walks of life network with one another. It also allows gurus to make worthwhile investments within the confines that the site. Imagine it as a social media site akin the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that was never prior to.” The idea Sykes said served two purposes: 1) making public records for not just the gurus as well as newsletter writers and students as well as) allowing anyone on the platform to learn from the losses and wins to the benefit of the trading industry. Matt Owens Profitly
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of tools and services that are geared toward the success of their business. It is possible to create an account for free, but you’re only given the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s offers that we’ll go over shortly.
Making an account easy: create an account that includes your personal information and expertise, connect to your brokerage account and you’ll be given an opportunity to make through the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users a glimpse of their performance as a trading group and its gurus. You’re not just allowed to show that you’re worthy to the group of traders, as you are also able to use Profit.ly to shop with a professional with the assurance that you’re confident in their skills and the legitimacy of their claims.
If you are unsure about the idea of sharing the details of your broker account you can opt to post your trades, either verified or not, via pictures. In Profit.ly are the vast number of trading classes, the ability to view statistics on a person’s profile as well as other ways to interact with your experts in the chatroom, 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 is well-known for his involvement in penny stock trading. According to Investopedia Penny stock is a small business’s stock that trades for just less than 5 cents per share. The trading of penny stocks could be viewed as an opportunity for small companies to move into a larger market because it allows them to access money from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes will be able to tell you because of his decades of expertise.
Beginning at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as trading professional. At 25 years old Sykes was given more exposure and a wider impact as a participant in the reality TV show “Wall Street Warriors.” He then used the opportunity to establish trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. 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 amazing features is the wide range of educational sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have proven to make substantial amounts of money through their years of experience. Matt Owens Profitly
At its peak, Profit.ly had housed up to five gurus. Each of them a pro within their particular field in the trading industry. 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 only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS and Android devices, as well as email, text, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. At $149.95 monthly, it is an ideal plan for investors who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features found in prior plans, including swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos that are updated weekly.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Matt Owens Profitly
The Superman Alerts plan is an package of vital features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket along with the mobile application, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base of information provided by Superman himself, via his Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. Additionally, you’ll also get the ability to access premium reports on research as well as the 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 up and running. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s break down what these three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. As you sign to this plan you’ll be given a slew of robust and indispensable trading tools, each one of them essential in keeping your hands on what we call a competitive procedure in its own.
Some of the features you can do using Profit.ly’s Novice package is the capability to check 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 your trades, sort or filter the trades you make and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. It isn’t possible to create a private account, making your personal information public. If you’re looking to get an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader package lets users to benefit from many of the features of the Novice plan. In this plan, that you can create an account that is private to share with fellow associate users all the insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to develop their expertise in trading. While it’s nice however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to view other traders’ stats, which might be a drawback for some who may be anticipating this level. Matt Owens Profitly
This is by far the most expensive plan Profit.ly offers to experienced traders. With $74.95 per month, and a 22% discount when billed annually, this tier has it all. You will have full, unrestricted access to all the features of the previous plans.
Not only do you get to view other people’s stats as well, you’re also offered the opportunity to create an individual profile. Both of these options, on top of all the benefits that you can use to the fullest potential. If you’re in search of an option that gives all the features you need to be trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly offers a number of other services they offer. One of them is the online store, where customers can select from a variety of instructional videos that are designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be purchased immediately for personal use. Some of these include bestsellers like the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other things trading-related, clips and clips taken from the Annual Pennystocking Conference, and other products by expert traders.
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 can find it throughout social and messaging platforms, in addition to a few special websites that offer live chat support. But in Profit.ly it’s seen as a hands-on space where experts and their members trade and exchange knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members. One of them may be more laid back and not very often active, while another might be more interactive and online in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock trader types, from beginners to experienced pros. With the variety of deals it can provide it is certain to have something for every person.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. In addition, they will be enriched with weekly videos and chat room advice by its internal gurus and members. They’ll also be able choose from the items from its online store to carry with them wherever they may be. They can also gain hands-on experiences from trading within the platform, however, they will soon learn that this is a high-stakes game that should not be viewed as an amusing pastime.
For the traders with years of exposure down the road, we consider Profit.ly as equally as suitable for them as it is for the newcomers. Although the novices might not be as adept at handling trading matters however, experienced traders know the way it functions and the risky mix associated with it. It is ideal to utilize Profit.ly’s variety of features to their best advantage to improve their skills in trading. As beginners, they are able to learn from the top 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 and semi-experienced traders. Experts who have been verified can also participate in the excitement! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others in order to guide them through the ever-illustrious trading process. Matt Owens Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with tons of learning tools, communication, and trading tools
- You get to receive excellent training and tips from the inside experts, as well as collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and verifiable trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There is truly something for everyone
- Profit.ly’s numerous products and packages offered might seem overwhelming for a lot of its customers
- As traders may opt to open any kind of trade, there is a possibility that some of them could profit from picking the most profitable trades to improve their ratings This could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because its premium users are expected to immediately benefit from the many services that the platform can provide
The Final Verdict: Is Profit.ly Valued?
If we could come up with the answer, 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 intended to be created for this reason. Instead, you should have an open mind. Matt Owens Profitly
What we mean”yes” is that it can be a great learning tool. Those who may be stuck may find Profit.ly’s range of resources to be helpful when they try their best to reduce losses and perform better than before. It’s not only the struggling traders who will 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 be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Matt Owens Profitly
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has a trade entry portion under the ‘My Trade section of the dashboard which lets you post your trades that are verified or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your trades
How can I tell whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there is an excellent likelihood that it can be verified. This is evident by the blue check mark. If you post the information manually or via pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile app version works with all working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market left and right.