Stock trading can be an extremely risky game. On some days, you could have the benefit of pleasing and positive numbers. On other days, the opposite may happen, and it may sometimes be extremely difficult to return to where you were at your best. If you’re immersed in the water You will need to realize that relying on instinct and survival may not always be enough.
If you’ve suffered occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from trading partners from all over the world, which is why we’ve identified an option that can help you to improve your performance within the field. In this review, we’ll be taking an in-depth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profily Microsoft Edge
The User’s 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 encouraging each other by offering a wide range of features and tools like trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for traders who are starting out and also as a platform for experienced traders to track their performance through the use of advanced analytics tools. Providing users with a wide array of options for trade and communication that help traders from all walks of life connect with each other. It gives the gurus worthy investments within the boundaries that the site. 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 then publishes the information from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are valid and won’t accept fake news as long as is humanly possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never prior to.” The concept, he added, served two objectives: one) keeping track of public data for all traders, not just the gurus and newsletter writers and students, and 2) allowing everyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Profily Microsoft Edge
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of tools and services that are geared towards achieving success. You can create an account there for free, but you’re only given the capability to browse the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money and see which stocks the gurus 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.
Making an account simple: Create a profile with your experiences and skills, join to your brokerage account, and you have yourself the chance to climb your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a glimpse of the performance of the trading community and its gurus. You’re not just allowed to show that you’re worthy to the group of traders, as you can also use Profit.ly to buy with a professional with the confidence that you are confident with their expertise and the credibility of their claims.
If you feel uneasy with the concept of leaking your brokerage account, you can choose to publish your trades, verified or otherwise, through photographs. Included in Profit.ly are a variety of trading courses and the capability to see stats in a trader’s profile, and more ways to communicate with your gurus via chatrooms along with notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for just less than 5 cents per share. The penny stock market could be viewed as an avenue for small companies to move into a larger market because it allows them to access money from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes will be able to tell you thanks to his years of experience.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as a 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 series “Wall Street Warriors.” Then, he took advantage of it to create trading rooms as well as penny stock themes as well as educational content targeted at those who are new to trading. He also helped to establish Profit.ly as a platform for transparency and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning tools, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the experts in trading who have earned substantial amounts of money from their collective years of knowledge. Profily Microsoft Edge
At its peak, Profit.ly had housed up to five gurus, all of them a professional within their particular field in the field of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on this 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 Let’s look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next moves that could occur when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS and Android devices; texts, emails and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 for a month this is the perfect plan for investors who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in the previous plan, such as swing trading alerts and unlimited access to a library of over 7,000 educational videos that are updated each week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Profily Microsoft Edge
The Superman Alerts plan is an offering of essential features and trading alerts geared to those interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile application, daily market commentary in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base that is provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. On top of that, you’ll also get the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers that cater to traders at different levels. Let’s look at what the three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the world of trading. When you sign up for this plan, you will be immediately given a slew of robust and indispensable trading tools, each of them integral in keeping your hands on what we call a competitive process in and of itself.
The list of features you can do using Profit.ly’s Novice package is the ability to confirm trades and track profits as well as leading, following and even chatting with your fellow traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study the results of your analysis, sort, and filter your trades and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing simply because of the price but there’s a disadvantage. You can’t create a private account, making your personal information public. If you’re looking to get an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package allows users to benefit from a majority of features from The Novice package. In this plan, that you can create an account that is private for sharing with fellow associates all your insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to improve their trading skills. As nice as it seems, there is one significant feature that is missing. As opposed to the prior Novice package, you won’t be able view other traders’ statistics, which could be a disadvantage for those anticipating this level. Profily Microsoft Edge
This is by far the highest expensive plan Profit.ly offers to experienced traders. It costs $74.95 per month, with an additional 22% discount for annual billing the Pro plan has it all. You will have full, unrestricted access to all features of the previous plans combined.
You’re not only able to look at other people’s statistics, but you’re also given the chance to create an individual profile. Both of these features, on top of all the advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give all the features you need to be a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly offers a number of other services they provide. One of them is the online store, which allows users to select from a variety of videos created to help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and all other things trading-related, clips and scenes taken from The Annual Pennystocking Conference, and items from other experts in trading.
The chat rooms that are integrated are as well part of Profit.ly’s array of services and features. You are probably familiar with the concept of the chat room since you can see it across messaging and social platforms, in addition to a few special websites that offer live chat support. But on Profit.ly, it is seen as a real-time area where experts and members can interact and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the listed members there. One might be laid back and rarely engaged, while another could be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock traders, ranging from novices to experienced professionals. Considering the number of offers it can provide, the platform surely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. Not only will they get daily videos and chat room advice from the in-house experts and their members. They’ll also be able pick from the merchandise available in its online store to carry with them wherever they be. You can also get hands-on experiences by trading through the platform, however they’ll be able to realize that trading is a high-stakes game that should not be viewed as an opportunity to make fun of.
For the traders with many years of experience down the road, we consider Profit.ly equally suitable for them as it is for people who are just beginning. While novice traders may not be as proficient in managing trading however, experienced traders know how it works along with the plethora of risks that it carries. Ideally, they may use Profit.ly’s array of options to their maximum advantage to enhance their skills in trading. As beginners, they are able to study from the gurus and experts , and use those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the excitement! People in the trade industry who are on an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to guide them through the ever-illustrious trading process. Profily Microsoft Edge
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with a wealth of education tools, communication, and trading tools
- You get to receive excellent training and insights from its inside experts, as well as collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices There is truly something for everyone
- Profit.ly’s bountiful stream of packages and services offered could not be enough for most of its users
- Since traders can choose to open any kind of trade, there’s the possibility that some of them will profit by picking the most profitable trades to increase the rating – this may be a concern that should not be overlooked.
- Profit.ly will not allow refunds because the premium customers are expected to instantly benefit from the number of services the platform has to provide
The Final Verdict: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it would be yes. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t meant to be designed to achieve this goal. Instead, it is best to keep curiosity. Profily Microsoft Edge
What we mean”yes” is that it could be a useful learning tool. Those who may be stuck could be able to find Profit.ly’s range of resources helpful when they try their best to reduce loss and perform better than before. It’s not just the poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
If you truly desire to be better at trading and wish to learn from your mentors and peers on the way, look no further – Profit.ly may be a great alternative to start.
FAQ Profily Microsoft Edge
How do you use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries under the “My Trade section of the dashboard that lets you post your trades that are verified or not. There are three options:
- Linking your account with your brokerage of choice and importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is shown by the small blue check. If you upload it in a manual way or by taking images, it will be assigned as unverified.
The drawback of posting an unverified trade is the chance of receiving negative feedback from colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
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 learn and improve in acquiring opportunities in the stock market all over the world.