Stock trading can be an extremely risky game. On certain 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 very difficult to return to the point you were at your most productive. If you’re constantly stuck in the gutter it is important to realize that relying on instinct and survival may not always be enough.
If you’ve suffered losses from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from trading partners from all over the globe. That’s why we’ve discovered a platform that can support you to improve your performance in the industry. In this review, we’ll take a look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profile Quotation
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be knowledgeable, transparent, accountable, and encouraging each other by offering a wide range of features and tools such as chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for people new to trading and also as a platform for traders who are experienced to monitor their performance through the use of advanced analytics tools. It provides users with a vast array of options to facilitate trade and communication, it helps traders from all walks of life connect with each other. It also allows gurus to make worthwhile investments within the confines of the platform. Consider it the social media equivalent to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The trading platform is built on trust and transparency. it ensures that the 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 fellow expert Michael Mosseri.
In an interview for Forbes publication, Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never previously done.” The concept Sykes said served two goals: 1.) creating public track records for all traders, not just the gurus and newsletter authors and students and secondly) giving anyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. Profile Quotation
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of services and features geared towards achieving the success of their business. You may set up an account on the site at no cost, however you’re only limited to having access to the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s deals, which we will discuss in the near future.
Setting up an account is easy: create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll be given the chance to climb your way to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users an insight into how the community of traders performs as well as its experts. It’s not just a way to prove your worth to a community of traders, but you can also use Profit.ly to purchase with a guru, and have the confidence that you are confident with their expertise and the veracity of their claims.
If you feel uneasy with the idea of divulging your brokerage account, you may decide to share your trades, whether verified or not, by taking photographs. In Profit.ly is the huge selection of courses in trading, the ability to view stats in a trader’s profile as well as other ways to communicate with your gurus in the chatroom, in addition to text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in penny stock trading. According to Investopedia Penny stock refers to a small company’s stock which trades at less than $5 per share. Penny stock trading could be viewed as an opportunity for small-scale businesses to make the transition into a larger market because it allows them to access money from the general 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.
From his beginnings in the latter years of High School, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as a trader. At 25 years old, he had been given more exposure and a wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He then made use of the show to develop trading rooms and penny stock themes and educational material aimed at those who are new to trading. He also played a role in establishing Profit.ly as a place for openness, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education resources, trade alerts, and other helpful stuff provided by the company’s internal gurus. These gurus refer to the experts in trading who have made significant amounts of profit from their combined years of experience. Profile Quotation
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on the platform: 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 has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS and Android devices, as well as texts, emails, 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, upgraded version of the Tim’s Alerts package. At $149.95 monthly, it is an ideal plan for those who are invested in penny stock trading. Pennystocking Silver offers all the essential features of the previous plan, which includes swing trading alerts and unlimited access to a library of over 7,000 educational videos, with new ones released weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading profits. Profile Quotation
The Superman Alerts package is his package of vital features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile application, daily market commentary shown in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. On top of that you’ll also gain access to premium research reports and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership levels that cater to traders at different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. Once you have signed up for this package you’ll be provided with a variety of powerful and essential trading tools, all one of them essential in keeping your fingers on what call a competitive process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to verify trades and track profits and follow-up, leading, and even messaging your fellow traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study your trades, sort as well as filter trades and, lastly, view other’s stats.
The Novice plan costs $29.95 per month. 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’re interested in have an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package lets you to take advantage of a majority of features from the novice plan. This plan allows that you are able to create a private profile to share with fellow associate users all your knowledge and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to improve their trading skills. Although it’s a nice thing, there is one significant element that’s missing. Unlike the previous Novice package, you will not be able to see other traders’ stats that could be a disadvantage for those who are eager to try this new tier. Profile Quotation
The Professional plan can be described as the highest luxurious package Profit.ly can offer to experienced traders. At $74.95 monthly, with 22% off when billed annually This plan offers it all. It gives you full, unlimited access to all options of the previous plans.
You’re not only able to look at other people’s statistics, but you’re also given the chance to create your own private profile. Both of these features, on top of all the benefits that you can use to the fullest potential. If you’re looking for an option that gives all the features you need to be a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly has a few more services it has to offer. One of these is its 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. The products listed on this page of the site can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and footage from The Annual Pennystocking Conference, and products from other expert traders.
Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of features and services. You are probably familiar with the chat room since you can find it throughout social and messaging platforms, as well as some specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a real-time place where gurus and their members can interact and exchange knowledge in real-time. Each guru has their style in operating their chat room and dealing with the listed members. One of them may be laid back and rarely active, while another might be more active and in touch to their pupils. Consider chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array 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 everyone.
For instance, newbies will enjoy Profit.ly’s collection of educational content offered throughout the platform. They will also be enriched with weekly videos and chat room tips from the in-house experts and members. They’ll also be able to pick from the merchandise available from its online store to carry with them wherever they go. They can also gain hands-on experience trading on the platform, but ultimately they’ll be able to realize that this is a high stakes game that should not be viewed as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suited for them as it is for those who are just starting. Although the novices might not be as proficient in dealing with trading issues however, experienced traders know the way it functions and the risky mix that it carries. In the ideal scenario, they can make use of Profit.ly’s range of options to their maximum advantage to improve their trading abilities. Like beginners, they can study from the gurus and experts and utilize those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are at similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to assist them in the ever-changing trading process. Profile Quotation
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with tons of learning, communication, and trading tools
- You’ll be taught by experts and insights from its internal experts, which include collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via screenshots
- Profit.ly’s variety of packages and subscription levels are priced at reasonable prices – there truly is something for all
- Profit.ly’s abundance of packages and products offered may not be enough for most of its users
- As traders may opt to post any kind of trade, there’s the possibility that some of them will profit by selecting the best trades in order to improve their ratings – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds as the premium customers are expected to immediately benefit from the many services that the platform can provide
The Final Concluding Question is: Is Profit.ly worth it?
If we could think of the answer, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a scheme to get rich quick. It wasn’t intended to be created to achieve this goal. Instead, you should have the ability to think with an open heart. Profile Quotation
What we do mean”yes” is it could be a useful learning tool. People who are stuck could be able to find Profit.ly’s range of resources to be helpful in their efforts to reduce loss and perform better than they did before. It’s not just the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be better at trading and wish to be taught by your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profile Quotation
How do you use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion in the “My Trade section of the dashboard which lets you record your trades that are verified or not. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is shown by the blue check mark. If you post the information manually or via images, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving negative feedback from fellow peers. A large number of downvotes could result in you appearing in the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market all over the world.