The stock market can be an exciting game with high stakes. On certain days, you could enjoy the benefits of pleasing and positive numbers. On other days, however, the opposite may happen and it could be extremely difficult to get back to where you were your peak. If you find yourself constantly stuck in the gutter it is important to realize that relying on instinct and survival might not 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. Also, you’ll need an important boost from fellow traders from around the globe. That’s why we’ve identified a platform that can support you in your growth in the industry. This review will take a look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 Profily Fanart
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of various levels to be informative and accountable, as well as transparent and encouraging each other through its broad range of features and tools such as trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for traders who are starting out and also as a platform for traders who are experienced to monitor their performance with the help of advanced analytics tools. Offering users a broad variety of tools for communication and trade and letting traders from all walks of life network with each other. It also allows gurus to make an opportunity to invest in the right areas of this platform. Consider it a social media site akin to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it makes sure that transactions are legitimate and will not accept fake news as long as is humanly possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes stated that Profit.ly was based “on showing all trades, something that was never done before.” This idea was, he said, serving two purposes: 1) making public records for everyone, not just the experts and newsletter authors and students as well as) giving anyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Profily Fanart
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders benefit from a variety of features and services aimed towards achieving success. You can create an account there at no cost, however you’re only given 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 which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and skills, join your brokerage account, and you’ll be given the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users a look at how the community of traders performs and its experts. You’re not just allowed to prove value to a community of traders, but you can also use Profit.ly to shop with a guru, and have the assurance that you’re comfortable with their expertise and the veracity of their claims.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you can opt to post your trades, whether verified or not, via screenshots. Included in Profit.ly is the huge selection of courses in trading and the capability to see stats in a trader’s profile as well as other ways to interact with your experts through the chatroom along with 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 personality who is famously known for delving his hands into the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The penny stock market could be viewed as a stepping stone for small businesses to transition to a market that is larger as it gives them access to money from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal through his many years of experience.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million profits during his long and successful career as trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms as well as penny stock themes and educational content geared toward those who are new to trading. He also helped establish Profit.ly as a platform for openness, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education sources, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have earned significant amounts of profit from their combined years of expertise. Profily Fanart
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise within the world of trading. Some of the most famous experts were 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 of the penny stock market 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 provides basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll be able to see him focus on the basic stock catalysts and employ them to predict the next move that is possible when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available to 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 highest-quality, upgraded version of the Tim’s Alerts package. Priced at $149.95 for a month this is the perfect plan for those who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features that were included in prior plans, including swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for 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 trading earnings. Profily Fanart
The Superman Alerts plan is his offering of essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket along with the mobile app, the daily market updates in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base that is provided by Superman himself, via his Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. In addition, you’ll also get access to premium research reports and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership levels, each designed for traders of different levels. Let’s take a look at what these three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. Once you have signed up for this plan you’ll be offered a range of strong and essential trading tools, all of which is essential to keep your fingers on what we could call a ruthless process by itself.
The list of features you can accomplish with Profit.ly’s Novice program is the capability to check trades and track profits and follow-up, leading and even chatting with your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get 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 month. While it may look attractive simply because of the price 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 the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows users to benefit from a majority of features from the novice plan. This plan allows that you are able to create an individual profile that allows you for sharing with fellow associate users all the insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to harness their trading skills. As nice as it seems, there is one significant aspect that’s not included. In contrast to the Novice package, this one won’t be able view the statistics of other traders, which might be a drawback for some who may be looking forward to this tier. Profily Fanart
Pro Plan
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. At $74.95 per month, and an additional 22% discount for billing annually the Pro plan has it all. It gives you full, unlimited access to all features of the previous plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the chance to create an individual profile. Both of these options, on top of all the benefits that you can use to the maximum extent. If you’re in search of an option that gives you everything you need as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly offers a number of additional services that it can provide. One of these is its online store, which lets users pick from a range of instructional videos that are created to guide you through the ins and outs of trading. The products listed on this page of the website can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all aspects of trading. There are also clips and footage from the Annual Pennystocking Conference, and other products by expert traders.
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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 as you can see it across messaging and social platforms, in addition to a few special websites that offer live chat assistance. But in Profit.ly, it is seen as a 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 members there. One might be a laid-back person who is less active, while another might be more online and communicative to their pupils. Consider chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, from novices to experienced professionals. Given the wide range of options it has to offer this platform definitely has something for all.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. Not only will they be provided with videos every week and chat room tips from the in-house experts and their members. Additionally, they can pick from the merchandise available on its store online to carry with them wherever they may be. You can also get hands-on experiences from trading within the platform, but eventually they’ll be able to realize that this is a high-stakes game that should not be viewed as a joke.
For traders who have decades of experience in the line, we see Profit.ly equally suited for them as it is for the newcomers. While the newbies may not be as adept at dealing with trading issues, the pros already understand the way it functions and the risky mix that it carries. It is ideal to use Profit.ly’s range of features to their best advantage to enhance their trading skills. Like beginners, they can learn from the experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Verified experts can also join in the fun! Trade professionals who are at similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to assist them in the ever-changing trading process. Profily Fanart
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with a wealth of education, communication, and trading tools
- You will be provided with excellent lessons and insights from its inside experts, as well as libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There’s something for everyone
The Cons
- Profit.ly’s numerous products and packages offered might not be enough for a lot of its customers
- If traders decide to make any type of trade, there is an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds because the premium customers are expected to instantly benefit from the many services the platform has to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could think of an answer to this question, it’s yes. But it is important to realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally designed to be used in this way. Instead, you should have the ability to think with an open heart. Profily Fanart
What we mean”yes” is it can be a great learning tool. Those who may be stuck may find Profit.ly’s variety of resources useful when they try their best to reduce loss and perform better than before. It’s not just the struggling traders who will profit from the platform. It can accommodate beginners and even experts in the field!
If you truly care about being more successful in trading and would like to learn from your mentors and peers throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ Profily Fanart
How can you make use of Profit.ly to publish your trades?
Profit.ly has a trade entry portion under the ‘My Trade’ category of the dashboard. It lets you post your trades, either verified or not. There are three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your trades
How do I know if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is indicated with the blue check mark. If you post it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the risk of receiving downvotes from colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many are using 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 to help one another learn and improve in acquiring opportunities on the stock market all over the world.
