Stock trading can be an extremely risky game. On certain days, you could have the benefit of positive and satisfying numbers. On other days you may experience the opposite and it can be very difficult to return to where you were your best. If you are constantly stuck in the gutter, you will have be aware that relying solely on your instincts and preserving might not be enough.
If you’ve experienced loss from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe, which is why we’ve discovered a platform that can support you in your growth within the field. In this review, we’ll be taking the time to look at Profit.ly A well-respected all-in-one 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 Profit
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 different levels to be informed responsible, transparent, and to build relationships with each other through its broad variety of tools and features including chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for people who are starting out as well as a place for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. It provides users with a vast variety of tools for trade and communication and letting traders from every field of business connect with one another. It offers gurus with worthwhile investments within the confines of this platform. Think of it as the social media equivalent the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are valid and won’t allow for fraud as much as is humanly possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never prior to.” The idea was, he said, serving two purposes: 1) making public records for all traders, not just the gurus, but also the newsletter authors and students as well as) giving all users to be enlightened by both losses and wins to the benefit of the trading industry. Profit Versus Net Profit
How Does It Work?
Profit.ly is a subscription-based platform that lets stock traders have access to a range of services and features geared towards achieving success. It is possible to create an account at no cost, however you’re limited to access to the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s deals that we’ll review in the coming days.
Making an account simple: Create an account with your experience and expertise, connect to your brokerage account, and you’ll be given a chance to shoot your way to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users an insight into the performance of the trading community as well as its experts. It’s not only a chance to prove that you’re worthy to the community of traders, as you can also utilize Profit.ly to shop with a guru, and have the confidence that you are confident with their expertise and the legitimacy 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 is the huge selection of trading classes and the capability to see statistics on a person’s profile and other methods to connect with your gurus in the chatroom, along with 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 has been famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for under $5 for each share. The trading of penny stocks could be viewed as an avenue for small businesses to transition into a larger market because they can access capital from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes will be able to tell you because of his decades of expertise.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as a trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider reach of influence as a participant in the reality show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms and penny stock themes and educational material aimed at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the experts in trading who have made substantial profits from their combined years of expertise. Profit Versus Net Profit
At its height, Profit.ly had housed up to five gurus, all of them a pro in their niche in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on the platform: 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 look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you will be able to see him concentrate on the fundamental stock catalysts and use them to predict the next moves that could occur when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS and Android devices, as well as texts, emails 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 program. At $149.95 monthly, it is an ideal plan for those who are more involved in the penny-stock market. Pennystocking Silver includes all the basic features found in earlier plans including alerts for swing trading and access to an extensive library of over 7,000 educational videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Profit Versus Net Profit
The Superman Alerts plan is his package of vital features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile app, the daily market commentary in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base of information provided by Superman himself, via his Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. Additionally you’ll also gain the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to help you started. The platform offers three membership tiers that are designed to accommodate traders with different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. Once you have signed up for this package, you will be immediately provided with a variety of powerful and vital trading tools, each one of them essential in keeping your fingers on what call a competitive procedure in its own.
Some of the features you can do using Profit.ly’s Novice package include the ability to verify trades and track profits as well as leading, following, and even messaging other 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, view other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone, there is a downside. You can’t create a private profile, which makes your actions public. If you do want to have an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows you to take advantage of many of the features of The Novice package. This plan allows that you can create a private profile for sharing with fellow associate users all your knowledge and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to harness their skills in trading. Although it’s a nice thing, there is one significant aspect that’s not included. In contrast to the Novice package, you will not be able to view the statistics of other traders, which might be a drawback for those who are looking forward to this tier. Profit Versus Net Profit
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly offers to experienced traders. At $74.95 monthly, and an additional 22% discount for annual billing the Pro plan has everything. You will have full, unrestricted access to all features from the two prior plans.
You’re not only able to see other users’ stats and data, but you also have the opportunity to create a private profile. Both of these options, plus the other benefits that you can use to the maximum extent. If you’re in search of an option that gives you with everything you require as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly provides a variety of other services they provide. One of them is the online store, which allows users to pick from a range of video products that are designed to educate and help you understand the ins and outs of trading. The products listed in this section of the site can be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, as well as all related to trading, videos and clips taken 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 range of features and services. You may be familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, as well as some specialty websites that provide live chat support. But on Profit.ly it’s seen as a hands-on area where experts and members can interact and exchange knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members. Some may be more laid back and not very often active, while another might be more online and communicative to their pupils. Think of chat rooms like Profit.ly’s version of the forum in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, from novices to experienced professionals. With the variety of deals it offers this platform definitely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s library of learning information available on the platform. They will also get daily videos and chat room tips from the in-house experts and members. They’ll also be able pick from the merchandise available in its online store for them to take wherever they go. You can also get hands-on experiences from trading within the platform, but eventually they’ll realize that this is a risky game that shouldn’t be treated as a joke.
For those traders who have had years of exposure down the road, we consider Profit.ly as equally as suitable for them as it is for the newcomers. Although the novices might not be as proficient in handling trading matters, the pros already understand how it works and the plethora of risks that come with it. It is ideal to make use of Profit.ly’s range of features to their full advantage to enhance their trading abilities. Like novices, they can study from the gurus and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Verified experts can also join in the enjoyment! People in the trade industry who are on similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders in order to assist them in the ever-changing trading process. Profit Versus Net Profit
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with tons of learning tools, communication, and trading tools
- You get to be provided with excellent lessons and tips from the inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders that are waiting to reach you out whenever something happens
- 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 needs, like posting unverifiable trades through images
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s numerous products and packages offered might not be enough for most of its users
- Since traders can choose to post any kind of trade, there’s an opportunity that some them may take advantage by picking the most profitable trades to increase the rating This could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds because the premium customers are expected to instantly benefit from the many features the platform is able to provide
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The Final Concluding Question: 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 quick-fix scheme to make money. It wasn’t intended to be created to achieve this goal. Instead, you should have the ability to think with an open heart. Profit Versus Net Profit
What we mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck might be able to find Profit.ly’s variety of resources to be helpful as they do their best to incur lesser loss and perform better than before. Not only struggling traders that will profit from the platform. It can accommodate beginners and even experts!
If you truly desire to be more successful in trading and would like to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Profit Versus Net Profit
What are the best ways to use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries within the ‘My Trade section of the dashboard which lets you record your trades, verifiable or otherwise. There are three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s an excellent chance that it is verifiable. This is evident by the small blue check. If you post it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unverified trade is the risk of getting downvotes from your colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile version of the app works with all functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just seeking to make the most profit but also assist each other to learn and improve in acquiring stock market opportunities both right and left.
