Stock trading is an exciting game with high stakes. On some days, you might enjoy the benefits of pleasing and positive numbers. On other days, the opposite may happen and it can be very difficult to return to the point you were at your best. If you find yourself constantly stuck in the gutter, you will have to recognize that relying on your instincts and preserving may not always be enough.
If you’ve suffered losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe. That’s why we’ve discovered an online platform that will help you in your growth within the field. In this review, we’ll be taking the time to look at Profit.ly is a well-known 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profily Edge
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other through its broad variety of tools and features like chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for traders new to trading and also as a platform for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Offering users a broad array of options to facilitate trade and communication and letting traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Consider it an online social media platform similar to Facebook and Reddit but with a focus on experts and traders.
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 ensures that the trades are valid and won’t accept fake news as long as possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never prior to.” This idea Sykes said served two purposes: 1) keeping track of public data for not just the gurus and newsletter authors and students and secondly) giving everyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Profily Edge
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of services and features geared towards achieving the success of their business. You can create an account for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real time You’ll need to join one 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 expertise, connect to your brokerage account, and you’ll have the chance to climb through at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a look at their performance as a trading group and its gurus. It’s not only a chance to show that you’re worthy to the community of traders, as you are also able to use Profit.ly to buy from a guru with the assurance that you’re confident in their skills and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account you can decide to share your trades, whether verified or not, via pictures. Included in Profit.ly is the huge selection of trading courses as well as the ability to look at the stats of a trader’s account and other methods to connect with your gurus through the chatroom in addition to text and e-mail alerts and updates.
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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 the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for less than $5 per share. The penny stock market is an avenue for small-scale businesses to make the transition to a market that is larger as it gives them access to capital from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as trader. At the age of 25, he had been given more exposure and a wider impact as a participant in the reality series “Wall Street Warriors.” He then used the opportunity to create trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place of transparency and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning resources, trade alerts, and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have proven to make substantial profits from their combined years of knowledge. Profily Edge
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny stock day trading through 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 making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as Android devices, 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 most premium version that has been upgraded of the Tim’s Alerts package. At $149.95 monthly, this is an ideal plan for those who are more involved in penny stock trading. Pennystocking Silver comes with all the standard features that were included in prior plans, including alerts for swing trading and access to a rich library of more than 7,000 instructional videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Profily Edge
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist and the mobile application, daily market commentary in real-time, as well as E-mail and SMS alerts.
The film “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 featured in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. Additionally you’ll also gain access to premium research reports and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to get you going. The platform has three membership tiers that cater to traders of different levels. Let’s take a look at what these three levels are and what they’ll 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 trading community. Once you have signed to this plan, you will be immediately given a slew of robust and indispensable trading tools, each of which is essential to keep your fingers on what we can describe as a cutthroat process in and of itself.
The list of features you can do with Profit.ly’s Novice package is the ability to confirm trades and track profits as well as leading, following and even chatting with other traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze, sort, as well as filter trades; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing for the price alone however, there’s a drawback. You aren’t able to create a personal account, making your actions public. If you do want to gain access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader package allows users to benefit from many of the features of the novice plan. It is in this plan that you can set up an account that is private for sharing with fellow associate users all your knowledge and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to improve their expertise in trading. As nice as it seems but there’s one important feature that is missing. Unlike the previous Novice package, this one won’t be able view other traders’ stats, which could be a disadvantage for some who may be looking forward to this tier. Profily Edge
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 each month with a 22% discount when billed annually This plan offers everything. It gives you full, unlimited access to all features of the previous plans combined.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the opportunity to create 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 a plan that can serve you everything you need as trader with experience, the Pro level is the right choice 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 provide. One of those is its online store, where customers can pick from a range of instructional videos that are designed to inform and help you understand the ins and outs of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and clips taken from the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You’re probably familiar with chat rooms since you will see it on social and messaging platforms, as well as some specialty websites that offer live chat support. But in Profit.ly, it is seen as a place where gurus and their member traders can communicate and learn in real time. Each guru has their style in operating their chat room and dealing with the members there. One might be a laid-back person who is less engaged, while another could be more interactive and online to their pupils. Think of the chatrooms as 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 are geared towards an array of stock traders, ranging from novices to experienced professionals. Considering the number of offers it can provide, the platform surely has something for every person.
Newbies, 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 by its internal gurus and their members. Additionally, they can choose from the items from its online store for them to take wherever they may go. They can also gain hands-on experiences from trading within the platform, but eventually they’ll be able to realize that trading is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For the traders with many years of experience down the road, we consider Profit.ly equally suited for them as it is for the newcomers. While novice traders may not be as proficient in managing trading but the experts already know how it works and the risky mix that it carries. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to develop 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 does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to navigate them through the ever-changing trading process. Profily Edge
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with a wealth of education communications, trading, and communication 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 with precise analytics as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates There is truly something for all
- Profit.ly’s abundance of packages and services offered could not be enough for a lot of its customers
- Since traders can choose to make any type of trade, there is a possibility that some of them will profit by selecting the best trades in order to improve their ratings this could be a concern that should not be overlooked.
- Profit.ly will not allow refunds, as the premium customers are expected to instantly benefit from the many services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it would be yes. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally intended to be created in this way. Instead, it is best to keep an open mind. Profily Edge
What we do mean by ‘yes’ is that it can be a great learning tool. People who are stuck may discover Profit.ly’s array of resources helpful as they do their best to reduce losses and be more successful than before. It’s not only the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you really care about being a better trader and want to learn from your peers and experts on the way, you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Profily Edge
How do you use Profit.ly to post your trades?
Profit.ly has a trade entry portion in the “My Trade category on the dashboard. It lets you record your trades, verifiable or not. There are three options:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is an excellent probability that it’s verifiable. This is indicated with the small blue check. If you post it manually or through pictures, it will be assigned 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 people can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring stock market opportunities left and right.