The stock market can be a high-stakes game. On some days, you may enjoy the benefits of pleasing and positive numbers. On other days you may experience the opposite and it can be very difficult to return to where you were your most productive. If you are immersed in the water it is important to realize that relying on instinct and survival may not always be enough.
If you’ve been incurring loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe, which is why we’ve found an online platform that will help you in your improvement in the industry. In this review, we’ll be taking the time to look at Profit.ly A well-respected one-stop 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profily Pro Led
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of various 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 website which serves as a learning and education platform for traders who are starting out 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 array of options to facilitate trade and communication, it helps traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries of the platform. Consider it the social media equivalent to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes said that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been previously done.” The idea, he added, served two purposes: 1) creating public track records for all traders, not just the gurus, but also the newsletter writers and students and secondly) making it possible for anyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. Profily Pro Led
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of services and features geared toward achievement. It is possible to create an account on the site for free, but you’re only given the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re looking to invest 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 that we’ll go over shortly.
The process of opening an account is easy: create an account with your experience and knowledge, then connect your brokerage account, and you’ll have the chance to climb your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a glimpse of how the community of traders performs as well as its gurus. It’s not just a way to show value to a group of traders, but you can also utilize Profit.ly to purchase with a guru, and have the confidence that you are confident with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging the details of your broker account then you could opt to post your trades, verified or not, by taking photographs. Also included in Profit.ly is the huge selection of courses in trading, the ability to view stats in a trader’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 trading personality who is famously known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock which trades at under $5 for each share. Penny stock trading is a stepping stone for small businesses to transition into a larger market because it allows them to access funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes will be able to tell you because of his decades of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as trader. At 25 years old, he had been given greater exposure and a larger reach of influence as a participant in the reality TV show “Wall Street Warriors.” He made use of the show to create trading rooms and penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped to establish Profit.ly as a place of transparency, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have proven to make substantial amounts of money from their combined years of knowledge. Profily Pro Led
At its peak, Profit.ly had housed up to five gurus. Each of them a pro within their particular field in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among 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 we’ll take a look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him concentrate on the basic stock catalysts and employ them to predict the next possible moves in making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS and 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, with an upgraded version of Tim’s Alerts package. It costs $149.95 per month, it is an ideal 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, including alerts for swing trading and access to a library of over 7,000 educational videos that are updated weekly.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both 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 total trading earnings. Profily Pro Led
The Superman Alerts plan is an package of vital features and trading alerts geared to those interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket along with the mobile app, daily market commentary shown in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge provided by Superman himself via the Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. On top of that you’ll also gain access to premium research reports and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s look at what the 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 just beginning their journey to the world of trading. When you sign 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 call a competitive procedure in its own.
Some of the features you can accomplish with Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading and even chatting with other traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and lastly, look at 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. It isn’t possible to create a private account, making your actions public. If you’re looking to have access to this feature, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader package lets you to use the majority of features available in the novice plan. It is in this plan that you can create a private profile to share with other associate users all the insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to improve their skills in trading. While it’s nice however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you will not be able to view other traders’ stats this might be a drawback for some who may be eager to try this new tier. Profily Pro Led
This is by far the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 per month, with 22% off when billed annually, this tier has it all. It gives you full, unlimited access to all the features from the two prior plans.
Not only do you get to look at other people’s statistics as well, you’re also offered the opportunity to create your own private profile. Both of these options, plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of an account that will give you with everything you require as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly provides a variety of other services they provide. One of those is its online store, where customers can pick from a range of videos created to help you understand the nuances and pitfalls of trading. The products listed on this page of the site can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and other aspects of trading. There are also clips and scenes of the Annual Pennystocking Conference, and other products by expert traders.
The integrated chat rooms are included in Profit.ly’s variety of services and features. You’re probably familiar with the chat room since you will see it on social and messaging platforms, and also on a few specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a area where experts and members trade and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members. Some may be laid back and rarely active, while another may be more online and communicative with their students. Think of chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to an array of stock traders, ranging from novices to experienced professionals. Considering the number of offers it has to offer this platform definitely has something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based materials available across the platform. They will also be provided with videos every week and chat room advice from its in-house gurus and their members. They’ll also be able to select from the products in its online store for them to take wherever they go. They can also gain hands-on experience trading on the platform, but eventually they’ll realize that the process is a high-stakes game that should not be viewed as an opportunity to make fun of.
For the traders with decades of experience in the line, we believe Profit.ly as equally as suitable to those who are just starting. While novice traders may not be as well-equipped with managing trading however, experienced traders know how it works and the stack full of risks associated with it. It is ideal to make use of Profit.ly’s array of features to their full advantage to improve their skills in trading. Like beginners, they can learn from the experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the enjoyment! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others in order to guide them through the ever-illustrious trading process. Profily Pro Led
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You will be provided with excellent lessons and tips from the internal experts, which include collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and verifiable trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates – there truly is something for everyone
- Profit.ly’s bountiful stream of products and packages offered might be too much for most of its users
- If traders decide to open any kind of trade, there’s a possibility that some of them could profit from picking the most profitable trades to boost their rating This could be a risk that shouldn’t be overlooked.
- Profit.ly does not offer refunds because the premium customers will immediately benefit from the number of services that the platform can provide
The Final Concluding Question: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be yes. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t designed to be used in this way. Instead, you need to have an open mind. Profily Pro Led
What we do mean by ‘yes’ is that it could be a useful learning tool. People who are stuck might discover Profit.ly’s range of resources useful when they try their best to reduce losses and perform better than before. It’s not just the poor traders that can benefit from the platform. It is able to accommodate novices and even experts!
If you truly want to become better at trading and wish to be taught by your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Profily Pro Led
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries under the ‘My Trade category on the dashboard. It lets you record your trades, verifiable or not. There are three choices:
- Linking your account to the broker of choice and import trades directly from there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is evident by the blue check mark. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still available?
At the time of 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 the majority of functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are trying to maximize profits but also assist each other to learn and improve in acquiring opportunities in the stock market all over the world.