The stock market can be a high-stakes game. Some days, you may enjoy the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite and it can be very difficult to get back to where you were at your best. If you’re immersed in the water, you will have to recognize that relying on instinct and survival may not always be enough.
If you’ve suffered loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your 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 market. In this review, we’ll take a look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profily Bfb Body
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be knowledgeable responsible, transparent, and to build relationships with one another through its wide variety of tools and features including trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for people new to trading and as a hub 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 communication and trade, it helps traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Imagine it as an online social media platform similar like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the transactions are legitimate and will not accept fake news as long as it is possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes publication, Sykes declared that Profit.ly was based “on showing the entire spectrum of trades, something which has never been prior to.” This idea Sykes said served two purposes: 1) keeping track of public data for everyone, not just the experts as well as newsletter writers and students and secondly) giving all users to learn from the losses and wins to benefit the industry of trading. Profily Bfb Body
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of tools and services that are geared toward success. It is possible to create an account there for free, but you’re limited to access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s deals, which we will review in the coming days.
Making an account easy: create an account with your experience and skills, join to your brokerage account, and you’ll be given a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a glimpse of their performance as a trading group as well as its gurus. It’s not only a chance to demonstrate value to a large group of traders, as you can also utilize Profit.ly to buy with a professional with the confidence that you are confident with their expertise and the credibility of their assertions.
If you feel uneasy with the idea of sharing your brokerage account, you may decide to share your trades, either verified or not, via screenshots. Also included in Profit.ly are a variety of courses in trading as well as the ability to look at stats in a trader’s profile, and more ways to connect with your gurus via chatrooms in addition to text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for less than $5 per share. Penny stock trading is a stepping stone for small companies to move to a large marketplace as they can access capital from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes will be able to tell you through his many years of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, made over $6 million of earnings through his lengthy career as a trader. At the age of 25, he had been given greater exposure and an even wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place for transparency and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education tools, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to the experts in trading who have made substantial amounts of money from their combined years of knowledge. Profily Bfb Body
At its height, Profit.ly had housed up to five gurus, each of them a pro within their particular field in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, only two gurus remain on the 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 what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. At $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 anticipate the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS and Android devices, texts, emails, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 for a month it is the perfect plan for those who are more involved in the penny-stock market. Pennystocking Silver includes all the basic features that were included in prior plans, including alerts for swing trading and access to a rich library of over 7,000 educational videos that are updated every week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Profily Bfb Body
The Superman Alerts plan is his offering of essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist and the mobile app, daily market updates in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge of information provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. Additionally you’ll also gain the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave a mark in the market, Profit.ly has the right amount of tools to get you up and running. The platform has three membership levels that cater to traders of different levels. Let’s break down what these three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically 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 essential trading tools, all of them integral in keeping your fingers on what call a competitive process by itself.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following and even texting other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. It isn’t possible to create a private profile, thus making your personal information public. If you’re interested in have the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader package lets you to use a majority of features from the Novice plan. This plan allows that you are able to create an account that is private to share with fellow associate users all your knowledge and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to harness their skills in trading. Although it’s a nice thing however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you won’t be able view other traders’ statistics, which could be a disadvantage for those looking forward to this tier. Profily Bfb Body
The Professional plan can be described as the most expensive plan Profit.ly offers to experienced traders. At $74.95 each month which includes an additional 22% discount when billed annually the Pro plan has it all. It gives you full, unlimited access to all features from the two prior plans.
Not only do you get to look at other people’s statistics and data, but you also have the option of creating an individual profile. These two features are plus the other advantages you’ll be able to use to their fullest capacity. If you’re in search of an account that will give you everything you need as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly provides a variety of other services they offer. One of these is its online store, which lets users choose from a wide array of video products that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured on this page of the site can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, as well as all related to trading, videos and footage taken from the Annual Pennystocking Conference, and other products by expert traders.
The chat rooms that are integrated are as well part of Profit.ly’s range of features and services. You’re probably familiar with the chat room since you can see it across social and messaging platforms as well as some specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a real-time area where experts and members trade and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members. One of them may be more laid back and rarely engaged, while another could be more active and in touch to their pupils. Think of chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock trader types, from novices to the most experienced. Given the wide range of options it offers this platform definitely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. They will also be enriched with weekly videos and chat room tips from its in-house gurus and their members. Additionally, they can pick from the merchandise available on its store online to carry with them wherever they may be. They can also gain hands-on experiences by trading through the platform, but ultimately, they will soon learn that trading is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we see Profit.ly equally suited to those who are just starting. While the newbies may not be as proficient in handling trading matters, the pros already understand how it works and the risky mix that come with it. It is ideal to utilize Profit.ly’s array of options to their maximum advantage to enhance their skills in trading. Like novices, they can learn from the top experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the excitement! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to help assist them in the ever-changing trading process. Profily Bfb Body
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You will receive excellent training and advice from the company’s internal experts, which include collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices – there truly is something for all
- Profit.ly’s numerous packages and services offered could not be enough for the majority of its customers
- If traders decide to open any kind of trade, there is an opportunity that some them will profit by cherry-picking the best trades to increase the rating this could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds because its premium users are expected to immediately benefit from the many services that the platform can offer
The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we were able to come up with the answer, it’s 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 meant to be designed in this way. Instead, you should have an open mind. Profily Bfb Body
What we are referring to by ‘yes’ is that it is a fantastic learning tool. People who are stuck could discover Profit.ly’s array of resources helpful when they try their best to avoid loss and perform better than they did before. It’s not only the poor traders that can benefit from the platform. It can accommodate beginners and even experts!
If you truly want to become a better trader and want to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Profily Bfb Body
How can you make use of Profit.ly to make your trades public?
Profit.ly offers an entry section for trades under the ‘My Trade’ category of the dashboard. It lets you record your trades that are verified or not. There are three choices:
- Linking your account to the broker of choice and import trades directly from there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there is a high chance that it is verifiable. This is shown by the small blue check. If you upload it in a manual way or by taking images, it will be classified as unverified.
The drawback of posting an unauthentic trade is the chance of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities in the stock market both right and left.