Stock trading is a high-stakes game. On certain days, you might enjoy the benefits of positive and satisfactory numbers. On other days you may experience the opposite and it could be very difficult to get back to where you were at your best. If you find yourself immersed in the water, you will have be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve suffered loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from fellow traders from around the globe, which is why we’ve identified an option that can help you in your growth in the industry. In this review, we’ll take the time to 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.
Total Rating: 4.1/5 Myfxbook Verses 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 allows traders of all levels to be knowledgeable responsible, transparent, and to build relationships with each other through its broad range of features and tools like 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 that functions as a training and learning 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 communication and trade, it helps traders from all walks of life network with one another. It gives the gurus worthwhile investments within the confines of this platform. Think of it as an online social media platform similar the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are authentic and won’t accept fake news as long as possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine, Sykes declared that Profit.ly was based “on the transparency of all trades, something that was never done before.” This idea, he added, served two purposes: 1) making public records for not just the gurus as well as newsletter authors and students, and 2) giving anyone on the platform to learn from both losses and wins to benefit the industry of trading. Myfxbook Verses Profitly
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of features and services aimed at achieving achievement. You may set up an account at no cost, however you’re limited to access to the leaderboard and follow 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’ll need to join one of Profit.ly’s offerings, which we will discuss in the near future.
The process of opening an account is easy: create an account with your experience and skills, join to your brokerage account, and you’ll be given the chance to climb your way to high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users an insight into how the community of traders performs as well as its experts. It’s not just a way to show value to a community of traders, as you can also utilize Profit.ly to buy from a guru with the assurance that you’re confident with their expertise and the legitimacy of their claims.
If you feel uneasy with the concept of leaking your brokerage account, you may decide to share your trades, verified or not, by taking photographs. Also included in Profit.ly is the huge selection of trading classes as well as the ability to look at stats in a trader’s profile, and more ways to communicate with your gurus via chatrooms along with 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 guru who is famously known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock which trades at under $5 for each share. Penny stock trading can be seen as an opportunity for small businesses to transition into a larger market because they can access funds from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of expertise.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of profits during his long and successful career as trading professional. At the age of 25 Tim Sykes had received more exposure and a wider impact when he was a part of the reality TV show “Wall Street Warriors.” He took advantage of it to create trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place of transparency, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning tools, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to experts in the field of trading who have earned substantial profits through their years of experience. Myfxbook Verses Profitly
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their niche within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who remain on this 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 the packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS and Android devices, as well as 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 highest-quality version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, this is a great option for investors who are invested in penny stock trading. Pennystocking Silver offers all the essential features of earlier plans including swing trading alerts and unlimited access to a rich library of over 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Myfxbook Verses Profitly
The Superman Alerts plan is his package of vital features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist and the mobile application, daily market commentary in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge that is provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. Additionally 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 looking to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers that cater to traders with different levels. Let’s take a look at what these three tiers are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading world. As you sign up for this plan, you will be immediately given a slew of robust and vital trading tools, all one of them essential in keeping your fingers on what we could call a ruthless process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study, sort, as well as filter trades and, finally, see other’s stats.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private account, making your personal information public. If you’re looking to get access to this feature, be watching for us to introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package allows you to take advantage of the majority of features available in the novice plan. In this plan, that you are able to create a private profile to share with fellow associate users all the insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to develop their expertise in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. As opposed to the prior Novice package, you won’t be able view other traders’ statistics that could be a problem for some who may be eager to try this new tier. Myfxbook Verses Profitly
Pro Plan
This is by far the highest luxurious package Profit.ly offers to experienced traders. With $74.95 per month, with a 22% discount for annual billing the Pro plan has everything. You will have full, unrestricted access to all options of the prior plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the option of creating your own private profile. Both of these options, in addition to the advantages that you can utilize to the maximum extent. If you’re looking for an option that gives you with everything you require as a skilled trader, maybe the Pro plan is 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 those is its online store, which lets users choose from a wide array of instructional videos that are designed to inform and provide guidance on the nuances and pitfalls of trading. The products listed in this section of the site can be purchased immediately for personal use. Some of these include bestsellers such as the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and clips taken from The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s array of services and features. You may be 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. However, in Profit.ly the chat room is viewed as a hands-on area where experts and member traders can communicate and exchange knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members. Some may be laid back and not very often active, while another may be more online and communicative in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock traders, from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for everyone.
For instance, newbies will enjoy Profit.ly’s collection of educational 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 select from the products from its online store to carry with them wherever they be. They can also gain hands-on experiences by trading through the platform, but eventually, 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 the traders with decades of experience in the road, we consider Profit.ly equally suited for them as it is for those who are just starting. Although the novices might not be as well-equipped with dealing with trading issues, the pros already understand how it works and the plethora of risks that come with it. It is ideal to use Profit.ly’s variety of features to their best advantage to enhance their trading abilities. Like beginners, they can learn from the top experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the enjoyment! Trade professionals who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to assist them in the ever-changing trading process. Myfxbook Verses Profitly
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning, communication, and trading tools
- You will be provided with excellent lessons and tips from the internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There is truly something for all
The Cons
- Profit.ly’s numerous packages and services offered could be too much for a lot of its users
- As traders may opt to open any kind of trade, there is a possibility that some of them will profit by selecting the best trades in order to boost their rating – this may be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds because its premium users are expected to instantly benefit from the many services the platform has to provide
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The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it’s yes. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always intended to be created in this way. Instead, you should have an open mind. Myfxbook Verses Profitly
What we mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they could find Profit.ly’s array of resources to be helpful in their efforts to incur lesser loss and perform better than before. Not only struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become more successful in trading and would like to learn from your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Myfxbook Verses Profitly
How do you use Profit.ly to post your trades?
Profit.ly includes a trade entry portion under the My Trade section of the dashboard that lets you post your trades that are verified or not. You may choose between three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there is the probability that it’s verifiable. This is indicated with the blue check mark. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The drawback of posting an unverified trade is the chance of receiving downvotes from colleagues. A large number of downvotes could cause you to be listed in the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of stock market opportunities all over the world.
