The stock market can be an extremely risky game. Some days, you might have the benefit of pleasing and positive numbers. On other days, however, the opposite may happen, and it may sometimes be very difficult to return to where you were at your best. If you find yourself immersed in the water it is important to recognize that relying on your instincts and preserving might not be enough.
If you’ve been incurring loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from trading partners from all over the globe, which is why we’ve found an online platform that will help you to improve your performance in the industry. This review will 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 Z
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of different levels to be informed responsible, transparent, and uplifting with one another through its wide array of tools and features including chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for people who are just beginning their journey and as a hub for traders who are experienced to monitor their performance through the use of advanced analytics tools. Offering users a broad range of resources for communication and trade and letting traders from all walks of life network with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Consider it the social media equivalent like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are valid and won’t allow for fraud as much as possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that has never been prior to.” This idea Sykes said served two goals: 1.) creating public track records for not just the gurus as well as students and newsletter writers as well as) making it possible for all users to gain insight into the losses and wins to the benefit of the trading industry. Profily Z
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of services and features geared towards achieving success. It is possible to create an account on the site for free, but you’re limited to the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s offerings, which we will discuss in the near future.
Making an account easy: create an account with your experience and expertise, connect to your brokerage account and you have yourself a chance to shoot through at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a look at how the community of traders performs as well as its gurus. It’s not just a way to prove value to a large group of traders. You can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re comfortable in their skills and the credibility of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you can decide to share your trades, whether verified or otherwise, through pictures. Also included in Profit.ly is the huge selection of trading courses as well as the ability to look at statistics on a person’s profile and other methods to connect with your gurus through the chatroom in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” is a small business’s stock that trades for just less than 5 cents per share. The penny stock market could be viewed as an avenue for small-scale businesses to make the transition into a larger market because they can access funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes is sure to reveal through his many years of experience.
Beginning in his late years in high school, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as a trader. At 25 years old, he had been given greater exposure and a larger impact as a participant in the reality series “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also helped establish Profit.ly as a place of transparency, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. These gurus refer to the trading experts who have proven to make substantial amounts of money from their combined years of expertise. Profily Z
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their niche in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll observe him focus on fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS as well as Android devices, as well as 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, upgraded version of the Tim’s Alerts program. At $149.95 for a month it is a great option for those who are more involved in penny stock trading. Pennystocking Silver includes all the basic features of earlier plans including alerts for swing trading and access to a library of over 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by 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 when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Profily Z
The Superman Alerts package is his package of vital features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile application, 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, as well as access to a knowledgeable base that is provided by Superman himself through his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. On top of that, you’ll also get access to premium research reports as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three tiers are and how much they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. As you sign to this plan, you will be immediately provided with a variety of powerful and essential trading tools, each of which is essential to keep your fingers on what we can describe as a cutthroat process by itself.
The list of features you can accomplish with Profit.ly’s Novice package is the ability to confirm trades and track profits and follow-up, leading, and even messaging other traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study, sort, as well as filter trades and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. You can’t create a private account, making your actions public. If you’re interested in get access to this feature, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows users to benefit from the majority of features available in the novice plan. It is in this plan that you are able to create a private profile to share with other associate users all your knowledge and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to harness their expertise in trading. As nice as it seems, there is one significant element that’s missing. In contrast to the Novice package, you won’t be able to view the statistics of other traders that could be a problem for those who are eager to try this new tier. Profily Z
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. It costs $74.95 per month, and 22% off when billed annually This plan offers it all. You will have full, unrestricted access to all the features from the two prior plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the option of creating a private profile. These two features are on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for an option that gives you with everything you require as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly offers a number of other services they offer. One of these is its online store, which lets users choose from a wide array of videos created to provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other aspects of trading. There are also clips and clips of the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You are probably familiar with chat rooms since you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat assistance. But on Profit.ly it’s seen as a hands-on place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members there. One might be a laid-back person who is rarely active, while another may be more interactive and online with their students. Think of chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock trader types, from novices to experienced professionals. Considering the number of offers it has to offer it is certain to have something for everyone.
Beginners, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. In addition, they will get daily videos and chat room advice by its internal gurus and their members. They’ll also be able to choose from the items on its store online to carry with them wherever they be. They can also gain hands-on experience trading on the platform, however, they will soon learn that trading is a high-stakes game that shouldn’t be taken as an amusing pastime.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suitable to people who are just beginning. While novice traders may not be as adept at handling trading matters however, experienced traders know the way it functions and the plethora of risks that come with it. In the ideal scenario, they can utilize Profit.ly’s array of options to their maximum advantage to improve their trading abilities. As beginners, they are able to learn from the experts and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! People in the trade industry who are on the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to assist them in the ever-changing trading process. Profily Z
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders across the globe with an abundance of knowledge, communication, and trading 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 real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There’s something for all
- Profit.ly’s bountiful stream of packages and products offered may not be enough for most of its users
- Since traders can choose to make any type of trade, there’s a possibility that some of them could profit from cherry-picking the best trades to improve their ratings this could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as the premium customers are expected to immediately benefit from the number of services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of an answer to this question, it would be yes. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used for this reason. Instead, you need to have an open mind. Profily Z
What we are referring to”yes” is that it could be a useful learning tool. For those who are struggling, they might find Profit.ly’s variety of resources useful when they try their best to incur lesser losses and be more successful than they did before. It’s not just the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly care about being more successful in trading and would like to be taught by your fellows and gurus along the way, then look no further – Profit.ly may be a great alternative to start.
FAQ Profily Z
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries under the My Trade’ category of the dashboard that lets you record your trades, verifiable or not. There are three choices:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s a high probability that it’s verifiable. This is shown by the blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the risk of receiving downvotes from fellow peers. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities on the stock market both right and left.