Stock trading is an extremely risky game. On certain days, you might have the benefit of positive and satisfying numbers. However, on other days it could be the reverse and it could be extremely difficult to return to the point you were at your most productive. If you’re always in the mud, you will have be aware that relying solely on instinct and survival may not always be enough.
If you’ve experienced loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe. That’s why we’ve identified an option that can help you to improve your performance in the industry. In this review, we’ll be taking a 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.
Total Rating: 4.1/5 Paul Scolardi Profitly
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be informed responsible, transparent, and to build relationships with one another through its wide range of features and tools including trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for people who are starting out as well as a place for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Providing users with a wide array of options for trade and communication that help traders from every field of business connect with one another. It offers gurus with worthwhile investments within the confines of this platform. Consider it a social media site akin the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine Sykes declared that Profit.ly was based “on showing the entire spectrum of trades, something which was never previously done.” This idea, he added, served two purposes: 1) creating public track records for everyone, not just the experts and newsletter authors and students, and 2) allowing everyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Paul Scolardi Profitly
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of features and services aimed towards achieving achievement. It is possible to create an account for free, but you’re only given the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and expertise, connect your brokerage account, and you’ll be given an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a glimpse of their performance as a trading group as well as its gurus. You’re not just allowed to demonstrate value to a community of traders, as you can also use Profit.ly to shop with a guru, and have the assurance that you’re comfortable with their expertise and the credibility of their claims.
If you are unsure about the concept of leaking information about your account with a brokerage, you may choose to publish your trades, verified or not, via photographs. In Profit.ly is the huge selection of trading courses as well as the ability to look at statistics on a person’s profile as well as other ways to communicate with your gurus through the chatroom as well as 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 famously known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. Penny stock trading is an opportunity for small companies to move into a larger market because it gives them access to capital from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes is sure to reveal 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 profit during his long and successful career as a trader. At 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he became part of the reality series “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms, penny stock themes, and educational material aimed at people who are brand new to trading. He also played a role in establishing 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 sweet inclusions is the wide range of education resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have proven to make substantial profits through their years of expertise. Paul Scolardi Profitly
At its peak, Profit.ly had housed up to five gurus, all of them an expert within their particular field within the world of trading. Some of the most prominent experts included 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 the platform: the 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 offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS as well as Android devices, text, e-mail, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. It costs $149.95 per month, it is a great option for those who are involved in the penny-stock market. Pennystocking Silver offers all the essential features that were included in 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 massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Paul Scolardi Profitly
The Superman Alerts package is his package of vital features and trading alerts geared towards those who might be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket along with the mobile app, the daily market commentary shown in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base provided by Superman himself through his Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. On top of that you’ll also gain the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership tiers, each designed for traders at different levels. Let’s break down what these three levels are and what they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. When you sign up for this plan you’ll be provided with a variety of powerful and essential trading tools, each of them integral in keeping your fingers on what we can describe as a cutthroat process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice program is the capability to check the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, and filter your trades and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing just by the price, there is a downside. You aren’t able to create a personal profile, thus making your actions public. If you do want to have an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to use a majority of features from The Novice package. It is in this plan that you can create an account that is private for sharing with fellow associate users all the insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to improve their skills in trading. Although it’s a nice thing, there is one significant element that’s missing. As opposed to the prior Novice package, you will not be able to view the statistics of other traders this might be a drawback for some who may be looking forward to this tier. Paul Scolardi Profitly
This is by far the most premium package that Profit.ly could offer for seasoned traders. With $74.95 each month which includes a 22% discount for annual billing, this tier has everything. It gives you full, unlimited access to all the features of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the chance to create an individual profile. Both of these features, plus the other advantages that you can utilize to the fullest potential. If you’re looking for a plan that can serve all the features you need to be a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly offers a number of other services they offer. One of these is its online store, which allows users to pick from a range of instructional videos that are that are designed to educate and help you understand the ins and outs of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and footage of events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of features and services. You’re probably familiar with the chat room since you will see it on social and messaging platforms, in addition to a few special websites that offer live chat support. But in Profit.ly the chat room is viewed as a hands-on area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members there. Some may be more laid back and rarely active, while another might be more active and in touch to their pupils. Think of the chat rooms as Profit.ly’s version of the forum in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock traders, from novices to experienced professionals. Given the wide range of options it can provide, the platform surely has something for every person.
For instance, newbies will enjoy Profit.ly’s library of learning materials available across the platform. Not only will they get daily videos and chat room tips by its internal gurus and members. They’ll also be able to pick from the merchandise available in its online store for them to take wherever they travel. You can also get hands-on experience trading on the platform, but ultimately, they will soon learn that trading is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we believe Profit.ly as equally as suitable to them as people who are just beginning. While the newbies may not be as well-equipped with managing trading, the pros already understand how it works and the plethora of risks that it carries. It is ideal to make use of Profit.ly’s array of options to their maximum advantage to enhance their skills in trading. Like novices, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the enjoyment! People in the trade industry who are at the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others in order to guide them through the ever-illustrious trading process. Paul Scolardi Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education, communication, and trading tools
- You will receive excellent training and advice from the company’s internal experts, which include libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There’s something for everyone
- Profit.ly’s numerous packages and services offered could be too much for a lot of its customers
- As traders may opt to post any kind of trade, there’s a possibility that some of them will profit by picking the most profitable trades to improve their ratings this could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as the premium customers will immediately benefit from the many features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally intended to be created for this reason. Instead, you need to have curiosity. Paul Scolardi Profitly
What we mean”yes” is that it can be a great learning tool. For those who are struggling, they might find Profit.ly’s array of resources helpful when they try their best to avoid losses and perform better than before. It’s not only the poor traders that can benefit from the platform. It can accommodate beginners and even experts!
If you truly desire to be more successful in trading and would like to be taught by your mentors and peers along the way, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Paul Scolardi Profitly
How do you use Profit.ly to publish your trades?
Profit.ly has an entry section for trades under the “My Trade’ category of the dashboard. It allows you to post your trades, either verified or not. You may choose between three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Upload a screenshot of your trades
How can I tell whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there is a high chance that it is verifiable. This is indicated with the small blue check. If you upload the information manually or via images, it will be assigned as unverified.
The drawback of posting an unverified trade is the risk of receiving downvotes from fellow peers. A large number of downvotes could cause you to be listed in the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are looking to earn maximum profits but also to help one another learn and improve in acquiring stock market opportunities both right and left.