Stock trading is an extremely risky game. On some days, you could be reaping the benefits of positive and satisfying numbers. On other days, however it could be the reverse and it could be extremely difficult to return to where you were at your best. If you are constantly stuck in the gutter, you will have to recognize that relying on pure instinct and preservation is not always enough.
If you’ve experienced loss from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe, which is why we’ve identified an option that can help you in your growth in the industry. This review will be taking a 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 Phil Goedeker Profitly
Users Experience 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be knowledgeable and accountable, as well as transparent and encouraging each other by offering a wide variety of tools and features like chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for those who are starting out and also as a platform for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Offering users a broad variety of tools for communication and trade and letting traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas of this platform. Think of it as an online social media platform similar like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are valid and won’t allow for fraud as much as it is possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine Sykes stated that Profit.ly was driven by its focus “on showing every trade, something that was never done before.” This idea Sykes said served two goals: 1.) making public records for not just the gurus, but also the newsletter authors and students, and 2) giving anyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Phil Goedeker Profitly
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of features and services aimed towards achieving achievement. You may set up an account for free, but you’re only given access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s offerings that we’ll discuss in the near future.
The process of opening an account is simple: Create an account with your experience and skills, join your brokerage account, and you’ll have an opportunity to make your way to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users an insight into the performance of the trading community as well as its experts. You’re not just allowed to show that you’re worthy to the group of traders, but you are also able to use Profit.ly to shop with a professional with the assurance that you’re comfortable with their expertise and the veracity of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, you may opt to post your trades, whether verified or not, by taking pictures. Also included 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 via chatrooms along with text and e-mail alerts and 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 efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for less than $5 per share. The penny stock market is an avenue for small businesses to transition to a market that is larger as they can access capital from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, earned an estimated $6 million earnings throughout his illustrious career as trader. At the age of 25 Tim Sykes had received greater exposure and a larger reach of influence as a participant in the reality series “Wall Street Warriors.” He used the opportunity to establish trading rooms and 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 platform for transparency, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. These gurus refer to experts in the field of trading who have proven to make substantial profits from their collective years of knowledge. Phil Goedeker Profitly
At its height, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, however, 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. With that taken into consideration Let’s look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next possible moves in trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS as well as Android devices; email, text and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. It costs $149.95 per month, this is the perfect plan for those who are more committed to the penny-stock market. Pennystocking Silver comes with all the standard features of the previous plan, including swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Phil Goedeker Profitly
The Superman Alerts plan is an package of vital features and trading alerts geared to those interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket as well as the mobile app, the daily market commentary in real-time, as well as email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge that is provided by Superman himself through his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. In addition you’ll also gain an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership tiers, each designed for traders of different levels. Let’s break down what these three tiers are and how much they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. When you sign to this plan you’ll be provided with a variety of powerful and indispensable trading tools, each one of them essential in keeping your hands on what we call a competitive procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice program is the capability to check the results of your trades and track profit; leading, following, and even messaging your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and, finally, see other people’s statistics.
The Novice plan is $29.95 per month. Although it might look appealing for the price alone however, there’s a drawback. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re interested in have an account with this option, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package allows users to benefit from many of the features of the Novice plan. In this plan, that you can create an individual profile that allows you for sharing with fellow associate users all your knowledge and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to harness their skills in trading. As nice as it seems but there’s one important aspect that’s not included. As opposed to the prior Novice package, you won’t be able to see other traders’ stats this could be a problem for those eager to try this new tier. Phil Goedeker Profitly
The Professional plan can be described as the highest luxurious package Profit.ly offers to experienced traders. It costs $74.95 each month with 22% off for annual billing This plan offers it all. You get full, no-holds-barred access to all the features of the previous plans combined.
Not only do you get to view other people’s stats, but you’re also given the chance to create an individual profile. These two features are plus the other benefits that you can use to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the tools for training 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 videos designed to inform and guide you through the ins and outs of trading. Each of the offerings listed 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 specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other aspects of trading. There are also clips and clips of events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You may be familiar with chat rooms since you can find it throughout social and messaging platforms, as well as some specialty websites that provide live chat support. But in Profit.ly, it is seen as a hands-on space where experts and their members trade and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members there. One of them may be laid back and less engaged, while another could be more active and in touch in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, ranging from beginners to experienced pros. Considering the number of offers it can provide this platform definitely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. In addition, they will be provided with videos every week and chat room advice by its internal gurus and members. Additionally, they can choose from the items on its store online that they can take with them wherever they may go. You can also get hands-on experience trading on the platform, but ultimately they’ll realize that the process is a high stakes game that shouldn’t be treated as an amusing pastime.
For the traders with many years of experience down the road, we consider Profit.ly equally suitable to them as those who are just starting. While the newbies may not be as proficient in managing trading, the pros already understand the way it functions and the plethora of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s range of features to their best advantage to develop their skills in trading. As beginners, they are able to study from the gurus and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are at similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others in order to assist them in the ever-changing trading process. Phil Goedeker Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with tons of learning communications, trading, and communication tools
- You get to be provided with excellent lessons and tips from the inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost – there truly is something for every person
- Profit.ly’s numerous products and packages offered might not be enough for the majority of its customers
- Since traders can choose to open any kind of trade, there’s the possibility that some of them could profit from cherry-picking the best trades to boost their rating this could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the many features the platform is able to provide
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The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it would be a ‘yes’. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally meant to be designed in this way. Instead, you should have the ability to think with an open heart. Phil Goedeker Profitly
What we do mean”yes” is that it can be a great learning tool. For those who are struggling, they may be able to find Profit.ly’s variety of resources useful in their efforts to reduce losses and perform better than they did before. Not only struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be a better trader and want to learn from your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Phil Goedeker Profitly
How can you make use of Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries under the ‘My Trade’ category of the dashboard which allows you to post your trades, either verified or not. You may choose between three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
How do I know whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there’s an excellent likelihood that it can be verified. This is indicated with the blue check mark. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthenticated trade is the risk of getting downvotes from your fellow peers. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market all over the world.