Stock trading can be an exciting game with high stakes. On certain days, you could be reaping the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite and it could be extremely difficult to get back to the point you were at your peak. If you are always in the mud, you will have be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve suffered occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the world, which is why we’ve identified an option that can help you in your improvement in the market. In this review, we’ll be taking 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.
Total Rating: 4.1/5 Profily Vo
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of various levels to be informed and accountable, as well as transparent and uplifting with one another through its wide range of features and tools including trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for people new to trading and also as a platform for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. It provides users with a vast array of options for trade and communication that help traders from all walks of life network with each other. It also allows gurus to make worthy investments within the boundaries that the site. Imagine it as an online social media platform similar like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are authentic and won’t allow for fraud as much as possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which was never previously done.” The idea was, he said, serving two objectives: one) creating public track records for not just the gurus as well as newsletter writers and students as well as) allowing anyone on the platform to learn from both losses and wins to benefit the industry of trading. Profily Vo
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of features and services aimed towards achieving success. It is possible to create an account on the site at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s deals, which we will review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll be given an opportunity to make through high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a look at how the community of traders performs and its experts. It’s not just a way to show your worth to a large group of traders, as you can also use Profit.ly to purchase from a guru with the confidence that you are confident of their knowledge and the credibility of their assertions.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you may opt to post your trades, verified or not, via photographs. Also included in Profit.ly are a variety of trading classes, the ability to view the stats of a trader’s account as well as other ways to connect with your gurus in the chatroom, as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock that trades for just less than 5 cents 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 it gives them access to funds from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes can surely tell through his many years of expertise.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned an estimated $6 million earnings during his long and successful career as trader. At 25 years old Sykes was given greater exposure and an even wider impact when he was a part of the reality series “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms, penny stock themes, and educational content geared toward those who are new to the trading field. He also helped to establish Profit.ly as a place for openness, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have earned substantial amounts of money from their collective years of knowledge. Profily Vo
At its height, 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 most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, there are only two gurus who 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 take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you will be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS as well as Android devices, as well as email, text 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. At $149.95 monthly, it is a great option for those who are more involved in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in the previous plan, which includes alerts for swing trading and access to a rich library of over 7,000 educational videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profily Vo
The Superman Alerts plan is his package of vital features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile application, daily market commentary shown in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base 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. Additionally you’ll also have an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to get you started. The platform offers three membership tiers that cater to traders of different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
The package called Novice 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 offered a range of strong and vital trading tools, each one of them essential in keeping your hands on what we call a competitive procedure in its own.
Among the list of things you can do with Profit.ly’s Novice package include the ability to verify trades and track profits and follow-up, leading and even texting other traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study your trades, sort as well as filter trades and, lastly, view other’s stats.
The Novice plan costs $29.95 per month. Although it looks attractive simply because of the price, there is a downside. You can’t create a private account, making your actions public. If you’re interested in have an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package allows you to take advantage of a majority of features from the novice plan. It is in this plan that you can set up an account that is private to share with other associate users all your knowledge and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to harness their expertise in trading. While it’s nice, there is one significant aspect that’s not included. Unlike the previous Novice package, you will not be able to view other traders’ statistics, which might be a drawback for some who may be eager to try this new tier. Profily Vo
Pro Plan
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. At $74.95 each month and an additional 22% discount for billing annually, this tier has everything. You will have full, unrestricted access to all options of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the option of creating your own private profile. Both of these features, on top of all the benefits that you can use to the fullest potential. If you’re looking for an option that gives you everything you need as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly has a few other services they provide. One of those is its online store, which allows users to pick from a range of videos designed to inform and help you understand the ins and outs of trading. Each of the offerings listed on this page of the website is available to be purchased immediately for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, as well as all things trading-related, clips and footage from the Annual Pennystocking Conference, and items from other experts in trading.
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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 since you will see it on social and messaging platforms as well as some specialty websites that provide live chat support. However, in Profit.ly it’s seen as a hands-on space where experts and their members can interact and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members. Some may be a laid-back person who is less active, while another may be more active and in touch in their interactions with students. Consider chat rooms as Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock traders, from novices to experienced professionals. Considering the number of offers it can provide it is certain to have something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice from the in-house experts as well as their members. They’ll also be able select from the products from its online store for them to take wherever they may travel. They can also gain hands-on experiences from trading within the platform, but eventually, they will soon learn that the process is a risky game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suited for them as it is for those who are just starting. While the newbies may not be as adept at handling trading matters however, experienced traders know the way it functions and the risky mix that it carries. Ideally, they may make use of Profit.ly’s array of features to their full advantage to enhance their trading skills. As beginners, they are able to learn from the top experts as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the enjoyment! Trade professionals who are at similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to assist them in the ever-changing trading process. Profily Vo
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You get to be provided with excellent lessons and insights from its internal experts, which include collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There’s something for all
The Cons
- Profit.ly’s numerous packages and services offered could be too much for the majority of its users
- As traders may opt to make any type of trade, there’s an opportunity that some them could profit from picking the most profitable trades to boost their rating this could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds because the premium customers are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Concluding Question: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it’s a ‘yes’. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always meant to be designed to achieve this goal. Instead, you should have the ability to think with an open heart. Profily Vo
What we are referring to”yes” is it can be a great learning tool. For those who are struggling, they might discover Profit.ly’s range of resources useful as they do their best to incur lesser losses and perform better than they did before. It’s not only the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become a better trader and want to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Profily Vo
How do you use Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the My Trade’ category of the dashboard which lets you record your trades that are verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is the probability that it’s verifiable. This is indicated with the blue check mark. If you post it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unverified trade is the risk of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
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 grow and learn more about acquiring stock market opportunities left and right.
