Stock trading is an exciting game with high stakes. Some days, you may be reaping the benefits of pleasing and positive numbers. On other days, however it could be the reverse, and it may sometimes be extremely difficult to return to the point you were at your peak. If you’re immersed in the water You will need to recognize that relying on pure instinct and preservation might not be enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe. That’s why we’ve identified a platform that can support you in your growth in the industry. This review will be taking an in-depth look at Profit.ly, a well-recognized 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Matthew Owens Profitly
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of various levels to be knowledgeable and accountable, as well as transparent and uplifting with each other by offering a wide variety of tools and features such as trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for people who are just beginning their journey and also as a platform for experienced traders to track their performance using the aid of sophisticated analytics tools. Offering users a broad array of options for trade and communication and letting traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines of the platform. Consider it a social media site akin like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and posts all the 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 accept fake news as long as is humanly possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine Sykes declared that Profit.ly was based “on the transparency of every trade, something that has never been done before.” The idea Sykes said served two goals: 1.) keeping track of public data for all traders, not just the gurus, but also the newsletter authors and students, and 2) giving everyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Matthew Owens Profitly
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of tools and services that are geared toward the success of their business. You may set up an account on the site for free, but you’re only given access to the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s offerings, which we will go over shortly.
Making an account simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you have yourself a chance to shoot through at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a glimpse of their performance as a trading group as well as its gurus. It’s not just a way to prove that you’re worthy to the large group of traders, as you are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable of their knowledge and the credibility of their claims.
If you’re not comfortable with the concept of leaking your brokerage account, you can opt to post your trades, verified or not, via pictures. Included in Profit.ly are the vast number of trading courses and the capability to see the stats of a trader’s account as well as other ways to communicate with your gurus through the chatroom along with email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for under $5 for each share. The trading of penny stocks is an opportunity for small-scale businesses to make the transition to a large marketplace as it gives them access to funds from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes is sure to reveal thanks to his years of experience.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in profit throughout his illustrious career as trader. At 25 years old Tim Sykes had received greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to create trading rooms, penny stock themes, as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a place of openness, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning tools, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have made substantial amounts of money from their collective years of knowledge. Matthew Owens Profitly
At its height, Profit.ly had housed up to five gurus, all of them a professional in their niche in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you will observe him focus on fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS and Android devices; 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 most premium version, with an upgraded version of Tim’s Alerts program. At $149.95 monthly, it is the perfect plan for those who are more involved in investing in penny stocks. Pennystocking Silver includes all the basic features of the previous plan, which includes alerts for swing trading and access to a rich library of over 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Matthew Owens Profitly
The Superman Alerts package is his offer of the most essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket and the mobile app, the daily market updates in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge provided by Superman himself through his Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. In addition you’ll also gain access to premium research reports as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and leave a mark in the market, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three are and how much they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. Once you have signed up for this package you’ll be offered a range of strong and indispensable trading tools, each of which is essential to keep your fingers on what we call a competitive process by itself.
The list of features you can accomplish with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following and even texting your fellow traders, as well as giving feedback on the trades of today. It also allows you to be on leaderboards, analyze, sort, and filter your trades; and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive just by the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your personal information public. If you’re interested in gain the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader plan allows you to take advantage of the majority of features available in The Novice package. It is in this plan that you are able to create an account that is private to share with fellow associate users all the insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to improve their skills in trading. Although it’s a nice thing, there is one significant element that’s missing. In contrast to the Novice package, you won’t be able view other traders’ stats, which could be a problem for some who may be looking forward to this tier. Matthew Owens Profitly
The Professional plan can be described as the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 each month and a 22% discount when billed annually the Pro plan has everything. You will have full, unrestricted access to all the features from the two previous plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the option of creating a private profile. These two features are plus the other benefits that you can use to the fullest potential. If you’re looking for an option that gives you everything you need as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly provides a variety of additional services that it can provide. One of these is its online store, where customers can pick from a range of videos that are designed to educate and help you understand the ins and outs of trading. All of the products featured on this page of the site can be immediately purchased for personal use. Some of these include bestsellers like the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and other things trading-related, clips and scenes of the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You’re probably familiar with the concept of chat rooms since you can see it across social and messaging platforms in addition to a few special websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a place where gurus and their member traders can communicate and learn in real time. Each guru has their style in operating their chat room and dealing with the members there. One might be laid back and rarely active, while another might be more active and in touch in their interactions with students. Consider chat rooms as Profit.ly’s version of a forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock trader types, from beginners to experienced pros. Given the wide range of options it has to offer this platform definitely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s collection of educational materials available across the platform. They will also be provided with videos every week and chat room advice from the in-house experts and members. They’ll also be able pick from the merchandise available in its online store for them to take wherever they may travel. They can also gain hands-on experience trading on the platform, but ultimately, they will soon learn that the process is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had years of exposure down the road, we consider Profit.ly as equally as suitable to those who are just starting. While the newbies may not be as adept at dealing with trading issues but the experts already know the way it functions and the plethora of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their best advantage to enhance their trading skills. Like novices, they can study from the gurus and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the excitement! People in the trade industry who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to guide them through the ever-illustrious trading process. Matthew Owens Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You’ll receive excellent training and tips from the internal experts, which include collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s numerous packages and products offered may be too much for the majority of its customers
- Since traders can choose to post any kind of trade, there’s a possibility that some of them will profit by selecting the best trades in order to improve their ratings – this may be a concern that should not be simply overlooked
- Profit.ly does not offer refunds because its premium users are expected to instantly benefit from the many features the platform is able to provide
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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’s an affirmative “yes”. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t meant to be designed for this reason. Instead, it is best to keep curiosity. Matthew Owens Profitly
What we are referring to”yes” is it could be a useful learning tool. Those who may be stuck may be able to find Profit.ly’s array of resources to be helpful in their efforts to avoid losses and be more successful than they did before. It’s not only the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being a better trader and want to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Matthew Owens Profitly
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has an entry section for trades within the “My Trade category on the dashboard. It lets you record your trades that are verified or otherwise. There are three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there is the likelihood that it can be verified. This is evident by the small blue check. If you upload it manually or through pictures, it will be assigned as unverified.
The downside of having an unauthentic trade is the chance of receiving downvotes from colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
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 functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of stock market opportunities both right and left.