The stock market can be a high-stakes game. Some days, you could be reaping the benefits of pleasing and positive numbers. However, on other days it could be the reverse and it can be extremely difficult to return to where you were your most productive. If you are constantly stuck in the gutter it is important to realize that relying on instinct and survival may not always be enough.
If you’ve suffered occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the globe. That’s why we’ve discovered an online platform that will help you in your improvement in the industry. 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Profily L
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be knowledgeable and accountable, as well as transparent and encouraging each other through its broad variety of tools and features such as trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for people new to trading as well as a place for experienced traders to track their performance with the help of sophisticated analytics tools. It provides users with a vast range of resources for trade and communication, it helps traders from all walks of life network with each other. It gives the gurus worthy investments within the boundaries that the site. Consider it the social media equivalent to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of all trades, something that was never prior to.” This idea was, he said, serving two purposes: 1) making public records for all traders, not just the gurus as well as newsletter authors and students and secondly) giving anyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Profily L
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of tools and services that are geared towards achieving success. It is possible to create an account there for free, but you’re only given the ability to navigate through the leaderboard and observe the activities 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 subscribe to any of Profit.ly’s offerings, 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 knowledge, then connect your brokerage account, and you have yourself an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a look at their performance as a trading group and its experts. It’s not only a chance to prove that you’re worthy to the community of traders. You are also able to use Profit.ly to buy from a guru with the assurance that you’re confident with their expertise and the veracity of their assertions.
If you’re not comfortable with the concept of leaking the details of your broker account then you could decide to share your trades, either verified or not, by taking pictures. Included in Profit.ly are the vast number of trading classes and the capability to see statistics on a person’s profile, and more ways to communicate with your gurus in the chatroom, along with notifications via email or text as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for less than $5 per share. Penny stock trading is 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 expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of earnings throughout his illustrious career as a trader. When he was 25 years old Sykes was given more exposure and a wider influence over time when he became part of the reality show “Wall Street Warriors.” He then made use of the show to create trading rooms as well as penny stock themes and educational material aimed at those who are new to the trading field. He also helped establish Profit.ly as a platform for transparency, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education tools, trade alerts and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have proven to make substantial profits from their collective years of experience. Profily L
At its peak, Profit.ly had housed up to five gurus. Each of them an expert within their particular field within the world 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, however, 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. With that taken into consideration we’ll take a look at the packages 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 through Tim’s Alerts. At $74.95 for a month you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS as well as Android devices, text, e-mail, 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 program. It costs $149.95 per month, this is a great option for investors who are involved in the penny-stock market. Pennystocking Silver includes all the basic features that were included in the previous plan, which includes swing trading alerts as well as unlimited access to a rich collection of more than 7,000 educational videos that are updated each week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profily L
The Superman Alerts plan is his offering of essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket along with the mobile app, daily market commentary in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus 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 lessons, including the growing collection of the previous ones. In addition you’ll also have the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership levels, each designed for traders at different levels. Let’s look at what the three levels are and what they’ll cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. Once you have signed up for this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, all of them integral in keeping your hands on what we call a competitive procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice package is the ability to verify the results of your trades and track profit; leading, following and even texting your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze, sort, or filter the trades you make; 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, there is a downside. You can’t create a private profile, which makes your activities publicly available. If you’re interested in get an account with this option, you should be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows users to benefit from a majority of features from the Novice plan. It is in this plan that you are able to create a private profile for sharing with fellow associate users all the insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to improve their expertise in trading. While it’s nice however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you will not be able view other traders’ statistics this could be a problem for some who may be eager to try this new tier. Profily L
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 each month with 22% off for annual billing This plan offers it all. It gives you full, unlimited access to all features of the prior plans.
You’re not only able to see other users’ stats, but you’re also given the opportunity to create an individual profile. These two features are on top of all the advantages that you can utilize to the fullest potential. If you’re looking for a plan that can serve all the features you need to be trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly has a few other services they provide. One of them is the online store, which allows users to select from a variety of video products designed to inform and guide you through the ins and outs of trading. Each of the offerings listed in this section of the website can be bought immediately for your personal use. These include best-selling products like the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and other aspects of trading. There are also clips and clips taken from events like the Annual Pennystocking Conference, and other products by expert traders.
The chat rooms that are integrated are included in Profit.ly’s range of features and services. You may be familiar with the chat room since you will see it on social and messaging platforms and also on a few specialty websites that offer live chat assistance. But in Profit.ly it’s seen as a hands-on space where experts and their member traders can communicate and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members there. Some may be laid back and less active, while another may be more interactive and online to their pupils. Think of chatrooms as Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, ranging from beginners to experienced pros. Given the wide range of options it has to offer it is certain to have something for everyone.
For instance, newbies will appreciate Profit.ly’s library of learning materials available across the platform. They will also get daily videos and chat room advice from its in-house gurus and members. They’ll also be able to choose from the items from its online store that they can take with them wherever they be. They can also gain hands-on experiences from trading within the platform, but ultimately, they will soon learn that this 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 believe Profit.ly as equally as suitable to the newcomers. While novice traders may not be as proficient in dealing with trading issues however, experienced traders know the way it functions and the stack full of risks that come with it. In the ideal scenario, they can utilize Profit.ly’s variety of options to their maximum advantage to enhance their skills in trading. Like beginners, they can learn from the top experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the excitement! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others in order to guide them through the ever-illustrious trading process. Profily L
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You will be provided with excellent lessons 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 with accurate analytics and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s numerous packages and products offered may not be enough for the majority of its customers
- As traders may opt to post any kind of trade, there’s a possibility that some of them may take advantage by selecting the best trades in order to increase the rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because the premium customers are expected to instantly benefit from the number of services the platform has to provide
The Final Verdict is: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it’s yes. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed for this reason. Instead, you should have the ability to think with an open heart. Profily L
What we do mean”yes” is that it could be a useful learning tool. Those who may be stuck might discover Profit.ly’s array of resources useful when they try their best to incur lesser loss and perform better than before. Not only struggling traders who will benefit from this platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become better at trading and wish to learn from your peers and experts throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ Profily L
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries under the ‘My Trade’ category of the dashboard which allows you to post your trades, either verified or otherwise. You may choose between three options:
- Linking your account with your broker of choice and import trades directly from there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your trades
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there is a high chance that it is verifiable. This is evident by the blue check mark. If you post it manually or through images, it will be classified as unverified.
The drawback of posting an unverified trade is the risk of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities in the stock market left and right.