Stock trading is an extremely risky game. Some days, you might enjoy the benefits of positive and satisfactory numbers. On other days, however it could be the reverse and it could be extremely difficult to get back to the point you were at your best. If you are immersed in the water You will need to realize that relying on instinct and survival may not always be enough.
If you’ve experienced losses from time to time You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe. That’s why we’ve identified a platform that can support you in your improvement in the market. This review will take 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.
Total Rating: 4.1/5 Profily Bfb
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of all levels to be informative and accountable, as well as transparent and uplifting with one another through its wide range of features and tools like chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for those who are just beginning their journey as well as a place for traders who are experienced to monitor their performance with the help of advanced analytics tools. Providing users with a wide array of options for communication and trade and letting traders from every field of business connect with each other. It also allows gurus to make worthwhile investments within the confines of the platform. Consider it the social media equivalent like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are authentic and won’t accept fake news as long as is humanly possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that has never been previously done.” The concept, he added, served two objectives: one) making public records for everyone, not just the experts and newsletter authors and students, and 2) allowing everyone on the platform to learn from both losses and wins to the benefit of the trading industry. Profily Bfb
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of tools and services that are geared towards achieving the success of their business. You may set up an account for free, but you’re only limited to having access to the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offerings that we’ll discuss in the near future.
Making an account simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll be given an opportunity to make through at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users an insight into their performance as a trading group as well as its experts. It’s not only a chance to demonstrate that you’re worthy to the large group of traders. You can also utilize Profit.ly to shop from a guru with the confidence that you are confident with their expertise and the veracity of their claims.
If you are unsure about the idea of divulging information about your account with a brokerage, you may opt to post your trades, either verified or otherwise, through photographs. In Profit.ly are the vast number of trading classes as well as the ability to look at stats in a trader’s profile as well as other ways to connect with your gurus in the chatroom, along with email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” is a small business’s shares that trade for less than $5 per share. Penny stock trading is an avenue for small companies to move to a market that is larger as it allows them to access funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as trading professional. When he was 25 years old, he had been given greater exposure and an even wider influence over time as a participant in the reality show “Wall Street Warriors.” He made use of the show to develop trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a platform for transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have proven to make significant amounts of profit from their combined years of experience. Profily Bfb
At its height, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on the platform: the 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 what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll see him focus on the basic stock catalysts and employ them to predict the next possible moves in trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS as well as Android devices, as well as text, e-mail, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month it is a great option for those who are more committed to investing in penny stocks. Pennystocking Silver comes with all the standard features of earlier plans including swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos, with new ones released every week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for 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 all-time trading earnings. Profily Bfb
The Superman Alerts package is his offering of essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile application, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to the extensive knowledge base provided by Superman himself, via the Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. On top of that you’ll also have the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership levels, each designed for traders at 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 new to the trading community. As you sign up for this plan you’ll be offered a range of strong and essential trading tools, each of which is essential to keep your fingers on what we call a competitive procedure in its own.
The list of features you can accomplish with Profit.ly’s Novice program is the ability to verify trades and track profits; leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, or filter the trades you make; and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive just by the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your personal information public. If you’re interested in gain the benefit of this service, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader package allows you to take advantage of many of the features of The Novice package. In this plan, that you are able to create a private profile for sharing with fellow associate users all the insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to improve their skills in trading. As nice as it seems however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you will not be able to see the statistics of other traders this could be a disadvantage for some who may be eager to try this new tier. Profily Bfb
This is by far the most expensive plan Profit.ly could offer for seasoned traders. With $74.95 each month and 22% off for billing annually This plan offers everything. You get full, no-holds-barred access to all features of the previous plans combined.
In addition, you’ll be able to see other users’ stats, but you’re also given the opportunity to create an individual profile. These two features are plus the other benefits that you can use to the maximum extent. If you’re looking for an account that will give you everything you need as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly offers a number of additional services that it can provide. One of them is the online store, which lets users select from a variety of instructional videos that are designed to inform and help you understand the ins and outs of trading. All of the products featured on this page of the website can be purchased immediately for personal use. These include best-selling products like the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other related to trading, videos and scenes taken from events like the Annual Pennystocking Conference, and other products by expert traders.
The chat rooms that are integrated are also part of Profit.ly’s variety of features and services. You may be familiar with the chat room since you will see it on social and messaging platforms in addition to a few special websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a place where gurus and their members can interact and share knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members there. One might be laid back and less active, while another might be more online and communicative with their students. Think of chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock traders, ranging from beginners to experienced pros. Given the wide range of options it offers this platform definitely has something for every person.
For instance, newbies will appreciate Profit.ly’s knowledge-based information available on the platform. Not only will they get daily videos and chat room advice from its in-house gurus and members. They’ll also be able choose from the items on its store online for them to take wherever they go. You can also get hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that the process is a high-stakes game that should not be viewed as a joke.
For the traders with decades of experience in the line, we believe Profit.ly as equally as suitable to the newcomers. While the newbies may not be as well-equipped with managing trading, the pros already understand the way it functions and the plethora of risks associated with it. In the ideal scenario, they can use Profit.ly’s variety of options to their maximum advantage to improve their trading abilities. Like novices, they can learn from the experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the fun! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others in order to guide them through the ever-illustrious trading process. Profily Bfb
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its inside experts, as well as libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There is truly something for every person
- Profit.ly’s numerous packages and products offered may not be enough for a lot of its customers
- As traders may opt to open any kind of trade, there is the possibility that some of them could profit from picking the most profitable trades to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly does not offer refunds as its premium users will immediately take advantage of the numerous services the platform has to provide
The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with an answer to this question, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always meant to be designed in this way. Instead, you should have an open mind. Profily Bfb
What we are referring to by ‘yes’ is that it can be a great learning tool. People who are stuck may be able to find Profit.ly’s variety of resources helpful as they do their best to avoid losses and be more successful 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 a better trader and want to learn from your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profily Bfb
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 allows you to post your trades that are verified or otherwise. There are three options:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there is a high probability that it’s verifiable. This is evident by the blue check mark. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the chance of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities on the stock market left and right.