Stock trading is an extremely risky game. On some days, you may enjoy the benefits of positive and satisfying numbers. On other days, however you may experience the opposite and it could be very difficult to get back to the point you were at your peak. If you’re always in the mud it is important to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe, which is why we’ve identified a platform that can support you to improve your performance within the field. In this review, we’ll be taking a look at Profit.ly is a well-known 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. 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 Net Income
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of all levels to be knowledgeable responsible, transparent, and to build relationships with each other through its broad variety of tools and features like chat rooms, trade verification and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for traders new to trading as well as a place for traders who are experienced to monitor their performance with the help of sophisticated 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 offers gurus with an opportunity to invest in the right areas of this platform. Consider it the social media equivalent like Facebook and Reddit but with a focus on professionals 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 transparency and honesty: it guarantees that the trades are valid and won’t accept fake news as long as it is possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes stated 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 objectives: one) making public records for all traders, not just the gurus as well as students and newsletter writers, and 2) making it possible for anyone on the platform to learn from the losses and wins to benefit the industry of trading. Profit Versus Net Income
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of services and features geared toward the success of their business. You may set up an account on the site for free, but you’re only given the capability to browse the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s offerings that we’ll discuss in the near future.
Setting up an account is simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll be given a chance to shoot your way to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a look at the performance of the trading community as well as its gurus. It’s not just a way to show value to a community of traders, but you can also use Profit.ly to purchase from a guru with the assurance that you’re confident of their knowledge and the credibility of their claims.
If you feel uneasy with the concept of leaking your brokerage account, then you could decide to share your trades, either verified or not, by taking screenshots. In Profit.ly are the vast number of trading classes, the ability to view stats in a trader’s profile as well as other ways to connect with your gurus through 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 personality who is famously known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock that trades for under $5 for each share. The penny stock market could be viewed as an opportunity for small businesses to transition to a market that is larger as it allows them to access funds from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made more than $6 million in earnings during his long and successful career as a trader. At the age of 25 Sykes was given more exposure and a wider impact as a participant in the reality show “Wall Street Warriors.” Then, he used the opportunity to develop 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 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 learning sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have earned significant amounts of profit from their combined years of experience. Profit Versus Net Income
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 gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, only two gurus remain on this platform: the founder and 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 offers.
From Tim Sykes Tim Sykes
Sykes offers 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 be able to be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next possible moves in trading.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for 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 most premium, upgraded version of the Tim’s Alerts package. At $149.95 for a month this is a great option for those who are committed to penny stock trading. Pennystocking Silver offers all the essential features that were included in prior plans, which includes swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Profit Versus Net Income
The Superman Alerts plan is an offering of essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access daily premarket stock watchlist and the mobile app, the daily market commentary shown in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge of information provided by Superman himself, via his Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. Additionally you’ll also have access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of tools to get you going. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. Once you have signed to this plan you’ll be provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your fingers on what call a competitive process by itself.
The list of features you can accomplish with Profit.ly’s Novice package include the capability to check the results of your trades and track profit as well as leading, following and even chatting with other traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze, sort, as well as filter trades; and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive just by the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re looking to get an account with this option, you should be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows you to use a majority of features from The Novice package. In this plan, that you are able to create a private profile for sharing with fellow associate users all the insights and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to improve their expertise in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. As opposed to the prior Novice package, this one won’t be able to see other traders’ statistics that could be a disadvantage for some who may be looking forward to this tier. Profit Versus Net Income
Pro Plan
The Pro plan is the highest expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 each month with an additional 22% discount for billing annually the Pro plan has everything. It gives you full, unlimited access to all the options of the previous plans combined.
Not only do you get to view other people’s stats and data, but you also have the chance to create an individual profile. These two features are in addition to the benefits that you can use to the fullest potential. 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
Apart from the provided trainer tools and Leaderboards 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 created to help you understand the ins and outs of trading. All of the products featured on this page of the website can be bought immediately for your personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and all other related to trading, videos and scenes of The Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s array of features and services. You’re probably familiar with the concept of the chat room since you can see it across social and messaging platforms and also on a few specialty websites that provide live chat support. However, in Profit.ly, it is seen as a place where gurus and their members trade and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members there. One of them may be more laid back and less active, while another might be more active and in touch to their pupils. Think of chat rooms like Profit.ly’s version of the forum in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, ranging from beginners to experienced pros. Considering the number of offers it has to offer it is certain to have something for all.
For instance, newbies 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 tips from the in-house experts and members. They’ll also be able select from the products from its online store to carry with them wherever they may travel. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll realize that the process is a high-stakes game that should not be viewed as a joke.
For traders who have years of exposure down the line, we believe Profit.ly as equally as suitable to the newcomers. While the newbies may not be as proficient in dealing with trading issues, the pros already understand the way it functions and the stack full of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s variety of features to their best advantage to develop their trading skills. Like novices, they can learn from the top experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the enjoyment! People in the trade industry who are on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to navigate them through the ever-changing trading process. Profit Versus Net Income
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You get to be provided with excellent lessons and advice from the company’s inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through 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 authentic trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates – there truly is something for every person
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its customers
- As traders may opt to open any kind of trade, there is a possibility that some of them could profit from cherry-picking the best trades to improve their ratings – this may be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds because the premium customers will immediately take advantage of the numerous services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it’s an affirmative “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 the ability to think with an open heart. Profit Versus Net Income
What we mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck could be able to find Profit.ly’s range of resources to be helpful when they try their best to avoid losses and be more successful than before. It’s not only the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really desire to be better at trading and wish to learn from your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Profit Versus Net Income
How do you use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades under the My Trade category on the dashboard which lets you record your trades, either verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there is an excellent chance that it is verifiable. This is shown by the small blue check. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the chance of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market left and right.