Stock trading is a high-stakes game. On some days, you may have the benefit of positive and satisfactory numbers. On other days you may experience the opposite and it could be very difficult to return to where you were at your peak. If you’re always in the mud You will need be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve been incurring loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the world, which is why we’ve identified an option that can help you in your growth in the market. We’ll take the time to 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.
Total Rating: 4.1/5 Matthew Monaco Profitly
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informative, transparent, accountable, and to build relationships with one another through its wide array of tools and features such as trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for people who are just beginning their journey as well as a place for experienced traders to track their performance with the help of advanced analytics tools. Providing users with a wide variety of tools to facilitate trade and communication that help traders from all walks of life network with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Imagine it as the social media equivalent the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are valid and won’t tolerate inauthenticity as much as it is possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes said that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never done before.” This idea was, he said, serving two purposes: 1) making public records for not just the gurus and newsletter writers and students, and 2) making it possible for all users to be enlightened by both the wins and losses for the trading industry’s benefit. Matthew Monaco Profitly
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of tools and services that are geared at achieving success. You may set up an account there at no cost, however you’re limited to access to the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money to see which stocks the gurus 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.
Making an account simple: Create a profile with your experiences and expertise, connect to your brokerage account, and you have yourself a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a look at their performance as a trading group and its gurus. It’s not just a way to demonstrate your worth to a community of traders, but you are also able to use Profit.ly to buy from a guru with the confidence that you are confident with their expertise and the credibility of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you may opt to post your trades, either verified or not, by taking pictures. Also included in Profit.ly are a variety of courses in trading and the capability to see stats in a trader’s profile as well as other ways to communicate with your gurus through the chatroom in addition to text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his efforts in penny stock trading. According to Investopedia, a penny stock refers to a small company’s shares that trade for under $5 for each share. Penny stock trading could be viewed as an avenue for small companies to move to a large marketplace as it allows them to access money from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes will be able to tell you because of his decades of expertise.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as a trader. When he was 25 years old Sykes was given greater exposure and an even wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He then made use of the show 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 for transparency, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education sources, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have made significant amounts of profit from their collective years of knowledge. Matthew Monaco Profitly
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru can offer.
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. The cost is $74.95 for a month you’ll be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS as well as 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 highest-quality version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 for a month it is a great option for those who are more committed to penny stock trading. Pennystocking Silver offers all the essential features found in prior plans, which includes alerts for swing trading and access to a 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 alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Matthew Monaco Profitly
The Superman Alerts package is his offer of the most essential features and alerts on trading geared to those interested. For $147 per month, you’ll gain access daily premarket stock watchlist along with the mobile app, the daily market updates in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge of information provided by Superman himself via the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. On top of that you’ll also gain the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership tiers, each designed for traders of different levels. Let’s take a look at what these three are and how much they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. Once you have signed up for this plan, you will be immediately 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 process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the capability to check the results of your trades and track profit; leading, following, and even messaging other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze your trades, sort as well as filter trades; and, finally, see other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. It isn’t possible to create a private profile, which makes your personal information public. If you’re interested in get an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package lets you to take advantage of many of the features of the Novice plan. This plan allows that you are able to create a private profile to share with fellow associate users all your knowledge and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to develop their trading skills. As nice as it seems but there’s one important element that’s 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 anticipating this level. Matthew Monaco Profitly
The Professional plan can be described as the most expensive plan Profit.ly offers to experienced traders. With $74.95 monthly, with 22% off for annual billing This plan offers everything. You get full, no-holds-barred access to all the features from the two prior plans.
Not only do you get to see other users’ stats, but you’re also given the chance to create a private profile. These two features are plus the other advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly provides a variety of other services they provide. One of them is the online store, where customers can choose from a wide array of video products that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the site can be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and footage taken from events like the Annual Pennystocking Conference, and products from other expert traders.
The integrated chat rooms are also part of Profit.ly’s variety of services and features. 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. However, in Profit.ly it’s seen as a real-time space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members. Some may be more laid back and less active, while another might be more online and communicative to their pupils. Think of chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, from novices to the most experienced. Considering the number of offers it can provide this platform definitely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based content offered throughout the platform. They will also get daily videos and chat room tips from its in-house gurus as well as their members. They’ll also be able to choose from the items in its online store to carry with them wherever they may travel. They can also gain hands-on experience trading on the platform, but eventually, they will soon learn that the process is a risky game that shouldn’t be treated as an amusing pastime.
For traders who have decades of experience in the line, we see Profit.ly as equally as suitable to them as people who are just beginning. While novice traders may not be as proficient in handling trading matters however, experienced traders know how it works and the plethora of risks that come with it. Ideally, they may use Profit.ly’s range of options to their maximum advantage to develop their trading abilities. Like beginners, they can learn from the experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the fun! People in the trade industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders in order to navigate them through the ever-changing trading process. Matthew Monaco Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education, communication, and trading tools
- You will be taught by experts and insights from its internal experts, which include video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish 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 unauthentic trades via images
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There’s something for all
- Profit.ly’s abundance of packages and products offered may seem overwhelming for the majority of its customers
- As traders may opt to open any kind of trade, there’s the possibility that some of them may take advantage by picking the most profitable trades to boost their rating This could be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds, as the premium customers are expected to immediately benefit from the number of services that the platform can offer
The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t intended to be created for this reason. Instead, it is best to keep curiosity. Matthew Monaco Profitly
What we are referring to by ‘yes’ is that it can be a great learning tool. People who are stuck might discover Profit.ly’s array of resources helpful in their efforts to incur lesser losses and perform better than before. Not only struggling traders that will profit from the platform. It is able to accommodate novices and even experts!
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 is a fantastic choice to start.
FAQ Matthew Monaco Profitly
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries within the “My Trade category on the dashboard that lets you post your trades, either verified or otherwise. You may choose between three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
How do I know whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there is the chance that it is verifiable. This is indicated with the blue check mark. If you submit it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unauthentic trade is the possibility of receiving downvotes from colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are trying to maximize profits but also help each other develop and grow in their ability to take advantage of stock market opportunities both right and left.