Stock trading is a high-stakes game. On certain days, you might enjoy the benefits of positive and satisfactory numbers. However, on other days it could be the reverse, and it may sometimes be very difficult to return to where you were at your best. If you are always in the mud it is important be aware that relying solely on instinct and survival may not always be enough.
If you’ve suffered occasional losses and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need an important boost from trading partners from all over the globe, which is why we’ve discovered an online platform that will help you in your improvement in the market. In this review, we’ll take an in-depth look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profily Asset
Users Experience 4.5/5
Profit.ly is an online trading platform that allows traders of various levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other by offering a wide variety of tools and features including trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for people who are starting out and as a hub for traders with experience to keep track of their performance through the use of advanced analytics tools. Providing users with a wide variety of tools for communication and trade and letting traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries that the site. Think of it as an online social media platform similar like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been previously done.” The concept was, he said, serving two purposes: 1) keeping track of public data for all traders, not just the gurus, but also the students and newsletter writers, and 2) making it possible for everyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Profily Asset
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of features and services aimed toward achievement. It is possible to create an account at no cost, however you’re limited to the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s offers, which we will review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and expertise, connect your brokerage account, and you’ll have the chance to climb your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a look at the performance of the trading community as well as its experts. You’re not just allowed to demonstrate that you’re worthy to the group of traders, but you can also utilize Profit.ly to purchase with a professional with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you feel uneasy with the idea of divulging your brokerage account, then you could choose to publish your trades, either verified or otherwise, through photographs. Also included in Profit.ly are the vast number of courses in trading, the ability to view the stats of a trader’s account as well as other ways to communicate with your gurus through the chatroom as well as notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock that trades for under $5 for each share. The penny stock market could be viewed as an avenue for small-scale businesses to make the transition into a larger market because it gives them access to capital from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes will be able to tell you through his many years of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as trading professional. At the age of 25, he had been given more exposure and a wider impact when he was a part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to create trading rooms and penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped establish Profit.ly as a platform for transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education tools, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the trading experts who have made substantial profits from their combined years of experience. Profily Asset
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their niche within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus remain on the platform: Founder as well as 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 what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to forecast the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS and Android devices, as well as text, e-mail and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. At $149.95 monthly, this is a great option 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 as well as unlimited access to a collection of more than 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Profily Asset
The Superman Alerts plan is an offer of the most essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access daily premarket stock watchlist as well as the mobile app, daily market commentary shown in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge of information provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. Additionally you’ll also gain the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of tools to get you up and running. The platform has three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three are and how much they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. As you sign up for this plan, you will be immediately given a slew of robust and vital trading tools, all of which is essential to keep your fingers on what we call a competitive procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging other traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study, sort, or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. While it may look attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, which makes your personal information public. If you’re looking to get the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package lets you to use many of the features of the Novice plan. It is in this plan that you can create a private profile to share with fellow associate users all your knowledge and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to improve their trading skills. While it’s nice, there is one significant aspect that’s not included. In contrast to the Novice package, you will not be able to view other traders’ stats this could be a problem for those looking forward to this tier. Profily Asset
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. At $74.95 each month with a 22% discount for annual billing the Pro plan has everything. You will have full, unrestricted access to all features from the two previous plans combined.
Not only do you get to view other people’s stats as well, you’re also offered the chance to create your own private profile. Both of these options, plus the other advantages that you can utilize to the fullest potential. If you’re in search of an account that will give you with everything you require as trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly has a few more services it has to offer. One of these is its online store, where customers can select from a variety of video products created to help you understand 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 such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other related to trading, videos and footage of The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s variety of features and services. You are probably familiar with the chat room as you will see it on social and messaging platforms and also on a few specialty websites that offer live chat support. But in Profit.ly it’s seen as a area where experts and members can interact and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members. One of them may be laid back and less engaged, while another could be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of a forum, in 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, from novices to experienced professionals. Considering the number of offers it offers this platform definitely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week and chat room advice from its in-house gurus as well as their members. They’ll also be able select from the products on its store online to carry with them wherever they travel. You can also get hands-on experience trading on the platform, however they’ll realize that this is a risky game that shouldn’t be treated as an amusing pastime.
For the traders with decades of experience in the road, we consider Profit.ly as equally as suitable to those who are just starting. While novice traders may not be as adept at dealing with trading issues but the experts already know how it works along with the plethora of risks that it carries. Ideally, they may use Profit.ly’s range of features to their best advantage to improve their skills in trading. Like beginners, 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-in” approach isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are on similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Profily Asset
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders from all over the world with a wealth of education, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s in-house gurus, including collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There’s something for every person
- Profit.ly’s numerous packages and services offered could be too much for a lot of its customers
- Since traders can choose to post any kind of trade, there is a possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because the premium customers are expected to instantly benefit from the many services that the platform can offer
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The Final Verdict is: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s a ‘yes’. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t meant to be designed for this reason. Instead, you need to have the ability to think with an open heart. Profily Asset
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 useful in their efforts to reduce loss and perform better than before. Not only struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly want to become more successful in trading and would like to learn from your fellows and gurus along the way, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Profily Asset
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades in the ‘My Trade’ category of the dashboard. It lets you record your trades that are verified or not. There are three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there is a high probability that it’s verifiable. This is indicated with the small blue check. If you submit it in a manual way or by taking images, it will be assigned as unverified.
The downside of having an unverified trade is the chance of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market both right and left.