Stock trading is an exciting game with high stakes. Some days, you might be reaping the benefits of positive and satisfying numbers. On other days, the opposite may happen, and it may sometimes be very difficult to get back to where you were at your best. If you find yourself always in the mud it is important to realize that relying on instinct and survival is not always enough.
If you’ve suffered occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve found a platform that can support you to improve your performance in the industry. In this review, we’ll be taking a look at Profit.ly, a well-recognized 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 Not For Profit Opposite
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be informed, transparent, accountable, and uplifting with each other by offering a wide array of tools and features such as trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for traders who are just beginning their journey and also as a platform for experienced traders to track their performance with the help of sophisticated analytics tools. Providing users with a wide variety of tools for trade and communication and letting traders from every field of business connect with each other. It gives the gurus worthwhile investments within the confines of the platform. Consider it a social media site akin to Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are authentic and won’t accept fake news as long as possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been done before.” The idea, he added, served two goals: 1.) keeping track of public data for everyone, not just the experts, but also the newsletter writers and students and secondly) allowing all users to be enlightened by the losses and wins for the trading industry’s benefit. Not For Profit Opposite
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of features and services aimed toward success. You can create an account there for free, but you’re only limited to having the ability to navigate through the leaderboard and follow 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 offers that we’ll review in the coming days.
The process of opening an account is easy: create a profile with your experiences and expertise, connect to your brokerage account and you’ll be given a chance to shoot through the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users a look at the performance of the trading community and its gurus. It’s not only a chance to prove that you’re worthy to the group of traders, as you are also able to use Profit.ly to buy with a guru, and have the confidence that you are confident with their expertise and the legitimacy of their assertions.
If you are unsure about the concept of leaking your brokerage account, then you could choose to publish your trades, verified or not, via screenshots. Included in Profit.ly are the vast number of trading classes and the capability to see statistics on a person’s profile, and more ways to connect with your gurus via chatrooms in addition to email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s stock that trades 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 they can access money from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes can surely tell through his many years of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in profits throughout his illustrious career as trader. When he was 25 years old, he had been given greater exposure and an even wider reach of influence when he became part of the reality series “Wall Street Warriors.” He then used the opportunity to create trading rooms and 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 for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety 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 earned substantial profits through their years of expertise. Not For Profit Opposite
At its height, Profit.ly had housed up to five gurus, all of them a professional within their particular field within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you will observe him focus on fundamental stock catalysts and use them to predict the next possible moves in 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, 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 premium, upgraded version of the Tim’s Alerts program. It costs $149.95 monthly, it is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver includes all the basic features that were included in earlier plans which includes swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos that are updated each week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Not For Profit Opposite
The Superman Alerts package is his offering of essential features and trading alerts geared to those interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket and the mobile app, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base of information provided by Superman himself via his Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. Additionally you’ll also gain the ability to access premium reports on research as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers that cater to traders with different levels. Let’s take a look at what these three are and how much they will cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. As you sign up for this package you’ll be given a slew of robust and essential trading tools, each of them integral in keeping your fingers on what call a competitive procedure in its own.
The list of features you can do using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following and even texting other traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze, sort, or filter the trades you make and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re interested in have the benefit of this service, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to use many of the features of The Novice package. In this plan, that you are able to create an account that is private for sharing with fellow associates all your insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to develop their trading skills. As nice as it seems, there is one significant element that’s missing. Unlike the previous Novice package, you will not be able view the statistics of other traders that could be a problem for those eager to try this new tier. Not For Profit Opposite
This is by far the most luxurious package Profit.ly can offer to experienced traders. With $74.95 per month, and an additional 22% discount for annual billing the Pro plan has everything. You get full, no-holds-barred access to all features from the two previous plans combined.
Not only do you get to see other users’ stats, but you’re also given the option of creating a private profile. Both of these features, plus the other advantages that you can utilize to the maximum extent. If you’re in search of an account that will give you everything you need as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly has a few other services they provide. One of them is the online store, which allows users to choose from a wide array of video products designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other related to trading, videos and scenes taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are as well part of Profit.ly’s range of services and features. You’re probably familiar with the chat room as you will see it on social and messaging platforms, as well as some specialty websites that offer live chat support. But on Profit.ly it’s seen as a hands-on area where experts and members can interact and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members there. One of them may be a laid-back person who is not very often active, while another might be more active and in touch with their students. Think of chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock trader types, from novices to experienced professionals. Considering the number of offers it offers it is certain to have something for everyone.
For instance, newbies can take advantage of 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 and members. They’ll also be able to select from the products in its online store to carry with them wherever they may travel. They can also gain hands-on experiences by trading through the platform, but ultimately, they will soon learn that this is a high stakes game that shouldn’t be treated as a joke.
For traders who have many years of experience down the line, we believe 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 but the experts already know how it works along with the stack full of risks that come with it. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to develop their trading abilities. Like beginners, they can study from the gurus and experts , and use those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the excitement! People in the trade industry who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others in order to assist them in the ever-changing trading process. Not For Profit Opposite
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You get to receive excellent training and advice from the company’s inside experts, as well as libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through photographs
- Profit.ly’s wide array 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 seem overwhelming for a lot of its customers
- Since traders can choose 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 concern that should not be simply overlooked
- Profit.ly does not offer refunds because the premium customers are expected to immediately take advantage of the numerous services the platform has to provide
The Final Verdict is: Is Profit.ly Valued?
If we could come up with an answer to this question, it would be an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t meant to be designed in this way. Instead, it is best to keep the ability to think with an open heart. Not For Profit Opposite
What we are referring to by ‘yes’ is that it can be a great learning tool. Those who may be stuck might be able to find Profit.ly’s array of resources to be helpful when they try their best to avoid losses and be more successful than before. It’s not just the struggling traders who will benefit from this platform. It can accommodate beginners and even experts in the field!
If you really want to become more successful in trading and would like to learn from your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Not For Profit Opposite
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades within the My Trade section of the dashboard which lets you record your trades, either verified or not. There are three choices:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your trades
How do I know if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there’s an excellent chance that it is verifiable. This is shown by the small blue check. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving downvotes from fellow peers. Too many downvotes may cause you to be listed in the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just seeking to make the most profit but also help each other learn and improve in acquiring opportunities on the stock market left and right.