The stock market can be an extremely risky game. On some days, you might be reaping the benefits of pleasing and positive numbers. On other days, however, the opposite may happen and it can be very difficult to get back to where you were your most productive. If you find yourself constantly stuck in the gutter it is important to recognize that relying on instinct and survival might not be enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the world, which is why we’ve found an option that can help you to improve your performance in the market. In this review, we’ll take an in-depth look at Profit.ly, a well-recognized 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 Profit Margin
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be informed responsible, transparent, and encouraging each other through its broad variety of tools and features such as trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for those who are starting out and also as a platform for traders who are experienced to monitor their performance with the help of advanced analytics tools. Providing users with a wide array of options for trade and communication, it helps traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Imagine it as a social media site akin like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been previously done.” This idea, he added, served two objectives: one) creating public track records for everyone, not just the experts, but also the newsletter authors and students as well as) giving anyone on the platform to gain insight into both losses and wins to the benefit of the trading industry. Profit Margin
How Does It Perform?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of tools and services that are geared towards achieving achievement. You may set up an account at no cost, however you’re only limited to having the capability to browse the leaderboards and monitor the actions 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 join one of Profit.ly’s deals, which we will review in the coming days.
Making an account easy: create an account that includes your personal information and skills, join your brokerage account, and you have yourself the chance to climb through at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into the performance of the trading community and its experts. It’s not only a chance to demonstrate that you’re worthy to the community of traders, but you can also use Profit.ly to shop with a guru, and have the assurance that you’re comfortable with their expertise and the credibility of their assertions.
If you are unsure about the idea of divulging information about your account with a brokerage, you can opt to post your trades, verified or not, by taking photographs. Included in Profit.ly is the huge selection of courses in trading as well as the ability to look at stats in a trader’s profile as well as other ways to communicate with your gurus through the chatroom in addition to text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s stock that trades for under $5 for each share. The penny stock market is an avenue for small businesses to transition into a larger market because it gives them access to capital from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes can surely tell 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 profit through his lengthy career as a trader. At the age of 25 Sykes was given greater exposure and a larger influence over time when he became part of the reality show “Wall Street Warriors.” He then took advantage of it to establish trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped establish Profit.ly as a platform for openness, 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 vast array of education tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have proven to make substantial profits from their collective years of expertise. Profit Margin
At its height, Profit.ly had housed up to five gurus, each of them an expert in their niche within the world of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to predict the next move that is possible when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS as well as Android devices; text, e-mail, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 per month, it is a great option for those who are more involved in investing in penny stocks. Pennystocking Silver includes all the basic features of prior plans, such as alerts for swing trading and access to a library of more than 7,000 instructional videos that are updated every week.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Profit Margin
The Superman Alerts plan is his package of vital features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get access to the daily premarket stock watchlist as well as the mobile application, daily market commentary shown in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge that is provided by Superman himself through his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. On top of that you’ll also have access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to help you up and running. The platform has three membership levels, each designed for traders of different levels. Let’s break down what these three levels are and what they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. Once you have signed to this plan you’ll be given a slew of robust and vital trading tools, each of them integral in keeping your fingers on what we call a competitive procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit as well as leading, following and even texting your fellow traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study your trades, sort or filter the trades you make and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, thus making your personal information public. If you’re interested in have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to take advantage of many of the features of The Novice package. In this plan, that you can set up an account that is private for sharing with fellow associate users all your knowledge and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to develop their expertise in trading. Although it’s a nice thing, there is one significant element that’s missing. Unlike the previous Novice package, this one won’t be able to see the statistics of other traders, which could be a problem for those who are anticipating this level. Profit Margin
The Pro plan is the most premium package that Profit.ly offers to experienced traders. At $74.95 monthly, which includes 22% off for billing annually the Pro plan has everything. It gives you full, unlimited access to all the features of the previous plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the opportunity to create your own private profile. Both of these features, plus the other advantages that you can utilize to their fullest capacity. If you’re looking for an account that will give all the features you need to be a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly offers a number of additional services that it can provide. One of them is the online store, which allows users to choose from a wide array of video products created to guide you through the ins and outs of trading. The products listed on this page of the site can be purchased immediately for personal use. These include best-selling products like the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other things trading-related, clips and clips taken from the Annual Pennystocking Conference, and products from other expert traders.
The integrated chat rooms are included in Profit.ly’s range of services and features. You’re probably familiar with the chat room since you can find it throughout messaging and social platforms, and also on a few specialty websites that provide live chat support. But on Profit.ly it’s seen as a hands-on area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members. One of them may be more laid back and rarely active, while another might be more online and communicative to their pupils. Think of chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, ranging from novices to experienced professionals. Considering the number of offers it offers this platform definitely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s library of learning information available on the platform. In addition, they will be provided with videos every week and chat room advice by its internal gurus as well as their members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they go. Additionally, they can gain practical 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 amusing pastime.
For traders who have years of exposure down the road, we consider Profit.ly equally suitable for them as it is for the newcomers. While the newbies may not be as proficient in handling trading matters however, experienced traders know how it works and the risky mix that come with it. Ideally, they may make use of Profit.ly’s variety of options to their maximum advantage to develop their trading abilities. As beginners, they are able to learn from the experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the fun! Trade professionals who are on the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to assist them in the ever-changing trading process. Profit Margin
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with tons of learning communications, trading, and communication tools
- You get to be taught by experts and insights from its internal experts, which include libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach 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 main abilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There is truly something for every person
- Profit.ly’s abundance of packages and services offered could not be enough for most of its users
- If traders decide to make any type of trade, there is an opportunity that some them will profit by picking the most profitable trades to boost their rating This could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds as its premium users are expected to instantly benefit from the number of services the platform has to offer
The Final Concluding Question: Is Profit.ly Worth It?
If we could come up with an answer to this question, it would be a ‘yes’. But you need to understand that the platform should not be used as a get-rich-quick scheme. It wasn’t intended to be created in this way. Instead, you need to have curiosity. Profit Margin
What we mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck could be able to find Profit.ly’s range of resources to be helpful as they do their best to reduce losses and be more successful than before. It’s not only the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely care about being better at trading and wish to learn from your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Profit Margin
How can you make use of Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries under the My Trade’ category of the dashboard. It lets you record your trades, verifiable or not. There are three options:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there is the chance that it is verifiable. This is shown by the blue check mark. If you post it in a manual way or by taking images, it will be assigned 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 be listed at the top of the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of stock market opportunities left and right.