Stock trading can be an exciting game with high stakes. On some days, you might have the benefit of positive and satisfying numbers. On other days you may experience the opposite and it could be extremely difficult to return to the point you were at your most productive. If you are always in the mud it is important to recognize that relying on your instincts and preserving might not be enough.
If you’ve suffered losses from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the globe, which is why we’ve found an online platform that will help you in your improvement within the field. In this review, we’ll be taking a look at Profit.ly is a well-known 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.
Overall Rating: 4.1/5 Profily Barev
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various levels to be informed responsible, transparent, and encouraging one another through its wide array of tools and features including trade verification, chat rooms and a rich 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 starting out and as a hub for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Offering users a broad variety of tools for trade and communication that help traders from every field of business connect with one another. It gives the gurus worthwhile investments within the confines of the platform. Consider it an online social media platform similar like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that transactions are legitimate and will not allow for fraud as much as is humanly possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine Sykes declared that Profit.ly was based “on the transparency of every trade, something that has never been done before.” The concept, he added, served two purposes: 1) making public records for everyone, not just the experts and newsletter writers and students as well as) giving all users to learn from the losses and wins for the trading industry’s benefit. Profily Barev
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of features and services aimed toward achievement. You can create an account there for free, but you’re only given access to the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s offers, which we will discuss in the near future.
The process of opening an account is easy: create an account that includes your personal information and skills, join to your brokerage account, and you’ll have the chance to climb your way to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a glimpse of the performance of the trading community as well as its experts. You’re not just allowed to prove value to a community of traders, as you are also able to use Profit.ly to shop with a guru, and have the assurance that you’re comfortable of their knowledge and the veracity of their assertions.
If you are unsure about the concept of leaking your brokerage account, you can decide to share your trades, either verified or otherwise, through screenshots. In Profit.ly are the vast number of trading courses and the capability to see stats in a trader’s profile, and more ways to interact with your experts in the chatroom, along with email and text alerts as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. The trading of penny stocks can be seen as a stepping stone for small businesses to transition into a larger market because it gives them access to funds from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal because of his decades of expertise.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as trading professional. At the age of 25 Tim Sykes had received greater exposure and an even wider influence over time when he was a part of the reality series “Wall Street Warriors.” Then, he made use of the show to establish trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a place for transparency and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational resources, trade alerts, as well as other useful information provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have earned significant amounts of profit through their years of knowledge. Profily Barev
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their niche within the world of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packaged offers 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 via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him focus on the fundamental stock catalysts and use them to forecast the next moves that could occur when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS as well as Android devices, texts, emails, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 for a month this is a great option for investors who are committed to the penny-stock market. Pennystocking Silver includes all the basic features found in prior plans, including swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos, with new ones released weekly.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Profily Barev
The Superman Alerts package is his package of vital features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with 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 and access to an extensive base of knowledge of information provided by Superman himself via his Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. Additionally you’ll also gain an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and make a mark on the field, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership tiers, each designed for traders with different levels. Let’s look at what the three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. Once you have signed up for this plan, you will be immediately offered a range of strong and indispensable trading tools, each of which is essential to keep your hands on what we could call a ruthless process by itself.
The list of features you can accomplish with Profit.ly’s Novice package include the ability to verify trades and track profits; leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards; analyze your trades, sort and filter your trades and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive for the price alone but there’s a disadvantage. 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, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of many of the features of the Novice plan. In this plan, that you can create a private profile for sharing with fellow associate users all the insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to develop their expertise in trading. Although it’s a nice thing, there is one significant feature that is missing. Unlike the previous Novice package, this one won’t be able to view the statistics of other traders that could be a disadvantage for some who may be looking forward to this tier. Profily Barev
The Pro plan is the most premium package that Profit.ly can offer to experienced traders. At $74.95 each month with an additional 22% discount for billing annually the Pro plan has it all. It gives you full, unlimited access to all the features of the previous plans combined.
You’re not only able to look at other people’s statistics, but you’re also given the opportunity to create your own private profile. Both of these features, plus the other advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly has a few additional services that it can offer. One of these is its online store, which allows users to pick from a range of video products that are designed to educate and guide you through the ins and outs of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, as well as all things trading-related, clips and footage of the Annual Pennystocking Conference, and other products by expert traders.
Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of services and features. You may be familiar with the concept of the chat room as you can find it throughout social and messaging platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly, it is seen as a real-time area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members there. One of them may be a laid-back person who is less engaged, while another could be more active and in touch to their pupils. Consider chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock traders, ranging from novices to experienced professionals. With the variety of deals it can provide this platform definitely has something for all.
Newbies, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. Not only will they get daily videos and chat room advice by its internal gurus and their members. They’ll also be able to pick from the merchandise available on its store online that they can take with them wherever they may be. You can also get hands-on experiences from trading within the platform, but eventually, they will soon learn that this is a risky game that should not be viewed as an opportunity to make fun of.
For traders who have decades of experience in the line, we see Profit.ly equally suitable to them as people who are just beginning. Although the novices might not be as well-equipped with managing trading but the experts already know how it works along with the plethora of risks that come with it. It is ideal to make use of Profit.ly’s range of features to their best advantage to develop their trading abilities. Like novices, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are on similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to help guide them through the ever-illustrious trading process. Profily Barev
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You get to receive excellent training and advice from the company’s in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s abundance of products and packages offered might be too much for the majority of its users
- As traders may opt to post any kind of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to boost their rating – this may be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds, as the premium customers are expected to instantly benefit from the many services the platform has to provide
The Final Concluding Question: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it’s yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t designed to be used to achieve this goal. Instead, you need to have curiosity. Profily Barev
What we mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck might discover Profit.ly’s variety of resources useful when they try their best to reduce loss and perform better than before. It’s not only the poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
If you really desire to be 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 option to begin.
FAQ Profily Barev
How do you use Profit.ly to publish your trades?
Profit.ly has an entry section for trades within the My Trade category on the dashboard that lets you post your trades that are verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there’s the likelihood that it can be verified. This is indicated with the small blue check. If you upload the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unverified trade is the possibility of receiving downvotes from fellow peers. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just trying to maximize profits but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market left and right.