The stock market can be an exciting game with high stakes. On some days, you may have the benefit of positive and satisfying numbers. However, on other days it could be the reverse and it could be extremely difficult to get back to the point you were at your most productive. If you find yourself constantly stuck in the gutter it is important be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve suffered loss from time to time You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve identified 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-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 Profit Versus Income
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informed responsible, transparent, and to build relationships with each other by offering a wide range of features and tools including trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for traders new to trading and as a hub for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources to facilitate trade and communication, it helps traders from all walks of life network with one another. It offers gurus with an opportunity to invest in the right areas of the platform. Think of it as the social media equivalent the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was founded years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in 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 Sykes said served two goals: 1.) making public records for all traders, not just the gurus and students and newsletter writers, and 2) giving everyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. Profit Versus Income
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders have access to a range of features and services aimed towards achieving the success of their business. You can create an account there for free, but you’re only given access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s deals, which we will go over shortly.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account and you have yourself the chance to climb your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a glimpse of the performance of the trading community as well as its gurus. It’s not just a way to demonstrate value to a group of traders, but you are also able to use Profit.ly to buy from a guru with the assurance that you’re confident of their knowledge and the credibility of their assertions.
If you feel uneasy with the idea of sharing your brokerage account, you may opt to post your trades, verified or not, by taking pictures. Also included in Profit.ly are a variety of trading classes, the ability to view statistics on a person’s profile, and more ways to connect with your gurus in the chatroom, as well as text and e-mail alerts and updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock which trades at just less than 5 cents per share. The penny stock market could be viewed as an avenue for small businesses to transition to a market that is larger as they can access capital from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, made over $6 million of profit during his long and successful career as trader. At the age of 25 Tim Sykes had received greater exposure and a larger reach of influence as a participant in the reality TV show “Wall Street Warriors.” He then used the opportunity to create trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a platform for openness, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational sources, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have made substantial profits from their combined years of expertise. Profit Versus Income
At its height, Profit.ly had housed up to five gurus, all of them a professional in their niche 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, there are only two gurus who remain on this 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, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll see him focus on the fundamental stock catalysts and use them to forecast the next moves that could occur when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS and Android devices; text, e-mail, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 monthly, it is an ideal plan for those who are more involved in investing in penny stocks. Pennystocking Silver includes all the basic features found in earlier plans which includes swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos, with new ones released each week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profit Versus Income
The Superman Alerts plan is an offering of essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access to the daily premarket stock watchlist as well as the mobile app, the daily market updates in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base of information provided by Superman himself through the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. On top of that you’ll also have an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to help you started. The platform has three membership levels, each designed for 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 entry-level plan designed especially for people who are brand new to the trading world. Once you have signed up for this plan you’ll be offered a range of strong and indispensable trading tools, all of which is essential to keep your hands on what we call a competitive process in and of itself.
The list of features you can do with Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading, and even messaging your fellow traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study the results of your analysis, sort, as well as filter 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 however, there’s a drawback. You aren’t able to create a personal account, making your personal information public. If you’re interested in get access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to use many of the features of The Novice package. In this plan, that you can set up an account that is private to share with fellow associates all your insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to develop their expertise in trading. While it’s nice, there is one significant element that’s missing. Unlike the previous Novice package, you will not be able to view the statistics of other traders that could be a problem for some who may be eager to try this new tier. Profit Versus Income
This is by far the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 per month, which includes 22% off for billing annually This plan offers it all. It gives you full, unlimited access to all the options of the previous plans.
Not only do you get 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 advantages that you can utilize to the fullest potential. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and leadersboards Profit.ly offers a number of more services it has to offer. One of those is its online store, where customers can choose from a wide array of video products that are designed to educate and help you understand the ins and outs of trading. The products listed on this page of the website is available to be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all aspects of trading. There are also clips and clips from events like the Annual Pennystocking Conference, and items from other experts in trading.
Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of services and features. You are probably familiar with chat rooms since you will see it on social and messaging platforms as well as some specialty websites that offer live chat support. But in Profit.ly the chat room is viewed as a place where gurus and their member traders can communicate and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the listed members. Some may be a laid-back person who is rarely active, while another might be more active and in touch to their pupils. Think of the chat rooms as Profit.ly’s version of the forum in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock trader types, from beginners to experienced pros. Considering the number of offers it has to offer it is certain to have something for every person.
For instance, newbies can take advantage of Profit.ly’s collection of educational materials available across the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus as well as their members. They’ll also be able choose from the items on its store online to carry with them wherever they travel. They can also gain hands-on experiences from trading within the platform, however, they will soon learn that the process is a risky game that shouldn’t be treated as a joke.
For the traders with years of exposure down the line, we believe Profit.ly equally suitable to them as those who are just starting. While novice traders may not be as proficient in managing trading, the pros already understand the way it functions and the plethora of risks associated with it. It is ideal to utilize Profit.ly’s range of features to their full advantage to improve their skills in trading. As beginners, they are able to study from the gurus as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the excitement! Those in the trading industry who are at similar levels to 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 help guide them through the ever-illustrious trading process. Profit Versus Income
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable traders from all over the world with tons of learning communications, trading, and communication tools
- You get to be provided with excellent lessons and insights from its internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via photographs
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost – there truly is something for all
- Profit.ly’s numerous packages and services offered could not be enough for the majority of its users
- Since traders can choose 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 concern that should not be simply overlooked
- Profit.ly does not offer refunds, as its premium users are expected to immediately benefit from the many services that the platform can offer
The Final Verdict is: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it would be an affirmative “yes”. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform was not always meant to be designed to achieve this goal. Instead, you need to have an open mind. Profit Versus Income
What we do mean”yes” is it is a fantastic learning tool. For those who are struggling, they may discover Profit.ly’s range of resources helpful in their efforts to reduce loss and perform better than before. It’s not just the struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
If you really desire to be better at trading and wish to learn from your peers and experts on the way, you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profit Versus Income
How do you use Profit.ly to make your trades public?
Profit.ly has a trade entry portion under the ‘My Trade category on the dashboard that lets you post your trades, either verified or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your trades
What can I do to determine if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there is an excellent likelihood that it can be verified. This is evident by the blue check mark. If you post it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the possibility of getting downvotes from your colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities on the stock market both right and left.