Stock trading is an exciting game with high stakes. Some days, you could have the benefit of pleasing and positive numbers. However, on other days, the opposite may happen and it could be very difficult to get back to where you were your most productive. If you’re immersed in the water, you will have to recognize that relying on instinct and survival might not be enough.
If you’ve been incurring losses from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from fellow traders from around the world, which is why we’ve found an online platform that will help you to improve your performance in the market. This review will take a 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.
Overall Rating: 4.1/5 Profily Hut
User Experience: 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be informed, transparent, accountable, and to build relationships with each other through its broad range of features and tools including trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for people new to trading and also as a platform for experienced traders to track their performance through the use of cutting-edge analytics tools. It provides users with a vast variety of tools to facilitate trade and communication that help traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas that the site. Imagine it as a social media site akin to Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that trades are valid and won’t tolerate inauthenticity as much as it is possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes stated that Profit.ly was based “on the transparency of all trades, something that has never been prior to.” The idea, he added, served two goals: 1.) creating public track records for all traders, not just the gurus, but also the newsletter authors and students as well as) giving anyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Profily Hut
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of tools and services that are geared toward achievement. You can create an account for free, but you’re limited to access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time You’ll need to sign up to one of Profit.ly’s deals, which we will review in the coming days.
The process of opening an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you’ll be given an opportunity to make through the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users an insight into their performance as a trading group as well as its experts. It’s not just a way to demonstrate that you’re worthy to the community of traders, as you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you may decide to share your trades, whether verified or not, via screenshots. Included in Profit.ly is the huge selection of trading courses and the capability to see statistics on a person’s profile as well as other ways to interact with your experts via chatrooms in addition to notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock that trades for less than $5 per share. Penny stock trading can be seen as an avenue for small-scale businesses to make the transition to a market that is larger as they can access money from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of experience.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as trading professional. 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.” He used the opportunity to develop trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a place of openness, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education tools, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have proven to make substantial profits from their combined years of experience. Profily Hut
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their niche within the world of trading. Some of the prominent 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 this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next move that is possible when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS as well as Android devices, email, text 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 program. Priced at $149.95 monthly, it is the perfect plan for those who are more committed to investing in penny stocks. Pennystocking Silver offers all the essential features of the previous plan, including swing trading alerts as well as unlimited access to a library of over 7,000 educational videos and new videos released each week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Profily Hut
The Superman Alerts package is his offer of the most essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist as well as the mobile app, the daily market commentary in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge of information provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. On top of that you’ll also gain access to premium research reports and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of tools to get you going. The platform offers three membership levels, each designed for traders of different levels. Let’s take a look at what these three are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new 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 one of them essential in keeping your fingers on what we can describe as a cutthroat procedure in its own.
Some of the 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 other traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study the results of your analysis, sort, and filter your trades and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, which makes your actions public. If you’re looking to get the benefit of this service, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to take advantage of a majority of features from The Novice package. This plan allows that you can create an individual profile that allows you to share with other associate users all your knowledge and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to improve their skills in trading. While it’s nice but there’s one important element that’s missing. As opposed to the prior Novice package, you won’t be able view other traders’ stats that could be a problem for those anticipating this level. Profily Hut
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. At $74.95 per month, with a 22% discount when billed annually This plan offers it all. You get full, no-holds-barred access to all the features from the two prior plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the opportunity to create a private profile. Both of these features, on top of all the advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give all the features you need to be 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 leadersboards Profit.ly has a few other services they provide. One of those is its online store, where customers can select from a variety of instructional videos that are created to provide guidance on the ins and outs of trading. The products listed in this section of the website can be immediately purchased for personal use. These include best-selling products like the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other aspects of trading. There are also clips and clips taken from events like the Annual Pennystocking Conference, and other products by expert traders.
Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of services and features. 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 provide live chat assistance. But on Profit.ly, it is seen as a area where experts and members can interact and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and in dealing with the members. One might be more laid back and less engaged, while another could be more online and communicative with their students. Think of the chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, from beginners to experienced pros. Given the wide range of options it has to offer it is certain to have something for every person.
Beginners, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. They will also get daily videos and chat room advice from the in-house experts as well as their members. Additionally, they can pick from the merchandise available from its online store that they can take with them wherever they be. Additionally, they can gain practical experiences from trading within the platform, but eventually, they will soon learn that trading is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with decades of experience in the line, we see Profit.ly equally suitable to them as people who are just beginning. While the newbies may not be as adept at managing trading however, experienced traders know how it works along with the risky mix associated with it. Ideally, they may utilize Profit.ly’s variety of features to their best advantage to develop their skills in trading. Like novices, they can learn from the top experts and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Verified experts can also join 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 abilities to show off their skills to others as a way to help guide them through the ever-illustrious trading process. Profily Hut
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 a wealth of education communications, trading, and communication tools
- You get to receive excellent training and insights from its inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re assured of 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 chance to establish your reputation as a reliable and dependable trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s abundance of packages and services offered could not be enough for most of its customers
- As traders may opt to open any kind of trade, there is the possibility that some of them could profit from selecting the best trades in order to improve their ratings This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because the premium customers are expected to instantly 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 an answer to this question, it would be a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always meant to be designed to achieve this goal. Instead, you should have an open mind. Profily Hut
What we mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck may find Profit.ly’s array of resources to be helpful as they do their best to incur lesser losses and perform better than before. Not only struggling traders that will benefit from this platform. It is able to accommodate novices and even experts!
If you truly want to become a better trader and want to learn from your mentors and peers along the way, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Profily Hut
How can you make use of Profit.ly to make your trades public?
Profit.ly has an entry section for trades in the “My Trade’ category of the dashboard that lets you post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there is a high chance that it is verifiable. This is evident by the small blue check. If you post it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile app version works with all working smartphones and tablets.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of stock market opportunities all over the world.