Stock trading is an exciting game with high stakes. On some days, you might be reaping the benefits of pleasing and positive numbers. However, on other days, the opposite may happen and it could be very difficult to get back to where you were your best. If you are immersed in the water You will need be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve been incurring losses from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe, which is why we’ve found an online platform that will help you in your improvement within the field. In this review, we’ll be taking the time to look at Profit.ly is a well-known 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Non Profit Opposite
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be informed responsible, transparent, and encouraging each other through its broad range of features and tools such as chat rooms, trade verification and a rich library of educational material.
What is 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 as a hub for experienced traders to track their performance through the use of cutting-edge analytics tools. It provides users with a vast array of options for communication and trade and letting traders from all walks of life network with one another. It gives the gurus worthwhile investments within the confines of the platform. Consider it an online social media platform similar to Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are authentic and won’t tolerate inauthenticity as much as possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes magazine Sykes stated that Profit.ly was based “on showing the entire spectrum of trades, something which has never been done before.” The idea Sykes said served two objectives: one) creating public track records for not just the gurus and students and newsletter writers as well as) giving all users to learn from both losses and wins for the trading industry’s benefit. Non Profit Opposite
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of features and services aimed towards achieving success. You may set up an account there at no cost, however you’re limited to access to the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s deals that we’ll review in the coming days.
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 a chance to shoot through high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a look at how the community of traders performs and its experts. It’s not just a way to prove that you’re worthy to the community of traders. You can also utilize Profit.ly to buy from a guru with the confidence that you are confident with their expertise and the veracity of their claims.
If you are unsure about the idea of divulging your brokerage account, you can opt to post your trades, either verified or not, via screenshots. In Profit.ly are the vast number of courses in trading, the ability to view stats in a trader’s profile, and more ways to communicate with your gurus through the chatroom along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s shares that trade for less than $5 per share. The trading of penny stocks could be viewed as an avenue for small businesses to transition into a larger market because it allows them to access funds from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes can surely tell through his many years of expertise.
Beginning in his late years in High School, Tim Sykes has, since then, earned over $6 million of profit through his lengthy career as trader. At 25 years old, he had been given greater exposure and an even wider impact when he became part of the reality show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. He also helped establish Profit.ly as a place of 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 most appealing features is the wide range of learning resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the experts in trading who have made substantial profits through their years of expertise. Non Profit Opposite
At its height, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the field of trading. Some of the most prominent experts were 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 this platform: the founder of the penny stock market 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 can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS and Android devices, text, e-mail, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. Priced at $149.95 per month, it is an ideal plan for those who are more involved in penny stock trading. Pennystocking Silver comes with all the standard features found in the previous plan, such as swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos that are updated weekly.
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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 small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Non Profit Opposite
The Superman Alerts plan is his offering of essential 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 in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base of information provided by Superman himself, via his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. On top of that you’ll also gain an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of tools to get you going. The platform has three membership tiers that cater to traders at different levels. Let’s break down what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. As you sign to this plan you’ll be provided with a variety of powerful and essential trading tools, all of which is essential to keep your fingers on what could call a ruthless procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice package is the ability to confirm trades and track profits; leading, following, and even messaging other traders; and leaving feedback on today’s trades. 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 is $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 looking to gain an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows users to benefit from many of the features of the Novice plan. This plan allows that you are able to create a private profile for sharing with fellow associate users all the insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to harness their skills in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. As opposed to the prior Novice package, this one won’t be able to see the statistics of other traders, which could be a problem for those who are anticipating this level. Non Profit Opposite
The Professional plan can be described as the most premium package that Profit.ly could offer for seasoned traders. With $74.95 each month with 22% off for annual billing, this tier has everything. It gives you full, unlimited access to all the features from the two previous plans.
Not only do you get to view other people’s stats, but you’re also given the chance to create your own private profile. Both of these options, in addition to the benefits that you can use to the maximum extent. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly offers a number of more services it has to provide. One of them is the online store, which allows users to select from a variety of videos created to guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be bought immediately for your personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and other aspects of trading. There are also clips and scenes taken from the Annual Pennystocking Conference, and products from other expert traders.
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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 the chat room since you can see it across social and messaging platforms, as well as some specialty websites that provide live chat assistance. But on Profit.ly it’s seen as a area where experts and members can interact and share knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members there. Some may be a laid-back person who is not very often active, while another might be more active and in touch in their interactions with students. Think of chat rooms like Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, ranging from novices to experienced professionals. Considering the number of offers it has to offer it is certain to have something for every person.
For instance, newbies will appreciate Profit.ly’s library of learning content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. Additionally, they can select from the products in its online store for them to take wherever they go. You can also get hands-on experiences from trading within the platform, but ultimately they’ll realize that this is a high-stakes game that shouldn’t be taken as a joke.
For the traders with years of exposure down the line, we see Profit.ly as equally as suitable to people who are just beginning. While the newbies may not be as adept at dealing with trading issues, the pros already understand how it works along with the plethora of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s array of options to their maximum advantage to develop their skills in trading. Like beginners, they can learn from the top experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the fun! People in the trade industry who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to help guide them through the ever-illustrious trading process. Non Profit Opposite
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with a wealth of education communications, trading, and communication tools
- You’ll be provided with excellent lessons and advice from the company’s internal experts, which include collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There’s something for all
- Profit.ly’s numerous products and packages offered might be too much for the majority of its customers
- Since traders can choose to post any kind of trade, there is an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating this could be a concern that should not be ignored.
- Profit.ly does not offer refunds because its premium users are expected to immediately benefit from the many services that the platform can offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with an answer to this question, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always intended to be created to achieve this goal. Instead, you should have curiosity. Non Profit Opposite
What we do mean”yes” is that it is a fantastic learning tool. Those who may be stuck may discover Profit.ly’s range of resources helpful in their efforts to incur lesser losses and be more successful than before. It’s not just the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts in the field!
If you truly care about being better at trading and wish to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Non Profit Opposite
How do you use Profit.ly to post your trades?
Profit.ly offers an entry section for trades in the My Trade category on the dashboard which allows you to post your trades that are verified or otherwise. There are three options:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there is a high probability that it’s 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 disadvantage of an unauthentic trade is the possibility of getting downvotes from your colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile app version works with all working smartphones and tablets.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of stock market opportunities both right and left.