Stock trading can be a high-stakes game. On certain days, you could enjoy the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it could be extremely difficult to return to the point you were at your peak. If you are immersed in the water, you will have be aware that relying solely on instinct and survival is not always enough.
If you’ve experienced loss from time to time You’ll need reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your fellow traders from around the world, which is why we’ve identified an option that can help you in your growth in the market. In this review, we’ll be taking a 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.
Overall Rating: 4.1/5 Profit Vs Income
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of various levels to be knowledgeable responsible, transparent, and encouraging each other by offering a wide range of features and tools including chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for traders who are just beginning their journey and as a hub 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 to facilitate trade and communication, it helps traders from every field of business connect with one another. It also allows gurus to make worthwhile investments within the confines that the site. Think of it as an online social media platform similar the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of all trades, something that was never done before.” The concept Sykes said served two goals: 1.) making public records for not just the gurus and students and newsletter writers and secondly) making it possible for all users to learn from both the wins and losses for the trading industry’s benefit. Profit Vs Income
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of tools and services that are geared toward achievement. You can create an account on the site at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the activities 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 sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
Making an account simple: Create a profile with your experiences and expertise, connect to your brokerage account, and you have yourself an opportunity to make your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users an insight into their performance as a trading group and its experts. It’s not only a chance to prove that you’re worthy to the large group of traders, but you are also able to use Profit.ly to buy with a guru, and have the assurance that you’re confident in their skills and the legitimacy of their claims.
If you feel uneasy with the idea of sharing the details of your broker account you may choose to publish your trades, verified or not, via screenshots. In Profit.ly are the vast number of trading classes, the ability to view stats in a trader’s profile and other methods to communicate with your gurus through the chatroom as well as notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for under $5 for each share. The penny stock market could be viewed as an avenue for small-scale businesses to make the transition to a large marketplace as it allows them to access capital from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal through his many years of experience.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and a larger reach of influence as a participant in the reality show “Wall Street Warriors.” Then, he made use of the show to create trading rooms, penny stock themes, and educational content geared toward people who are brand new to 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 most appealing features is the variety of learning tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to the trading experts who have made substantial amounts of money through their years of expertise. Profit Vs Income
At its height, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on the platform: the 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 take a look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to forecast 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 to iOS as well as Android devices, email, text and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. At $149.95 per month, this is a great option for those who are more committed to penny stock trading. Pennystocking Silver comes with all the standard features of the previous plan, such as swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Profit Vs Income
The Superman Alerts plan is his offering of essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist and the mobile app, the daily market updates in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base of information provided by Superman himself through his Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. In addition, you’ll also get an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the online trading community 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 that cater to traders of different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. When you sign up for this plan you’ll be given a slew of robust and essential trading tools, each one of them essential in keeping your fingers on what we call a competitive process by itself.
Among the list of things you can do 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 texting your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze the results of your analysis, 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 might look appealing just by the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your personal information public. If you’re looking to gain an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to use the majority of features available in The Novice package. This plan allows that you are able to create a private profile to share with other associate users all the insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to harness their trading skills. Although it’s a nice thing, there is one significant element that’s missing. As opposed to the prior Novice package, this one won’t be able view other traders’ stats, which could be a problem for some who may be eager to try this new tier. Profit Vs Income
Pro Plan
This is by far the highest luxurious package Profit.ly could offer for seasoned traders. With $74.95 per month, which includes a 22% discount for billing annually, this tier has it all. It gives you full, unlimited access to all the features from the two previous plans.
Not only do you get to view other people’s stats and data, but you also have the opportunity to create your own private profile. These two features are in addition to the advantages you’ll be able to use to the maximum extent. If you’re in search of an account that will give you with everything you require as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly provides a variety of additional services that it can provide. One of these is its online store, where customers can choose from a wide array of video products designed to inform and guide you through the ins and outs of trading. All of the products featured in this section of the website can be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and all other aspects of trading. There are also clips and scenes of The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of services and features. You are probably familiar with the chat room since you can see it across social and messaging platforms, as well as some specialty websites that provide live chat support. However, in Profit.ly the chat room is viewed as a place where gurus and their member traders can communicate and learn in real time. Every guru has their own way in running their chat rooms and in dealing with the members there. One of them may be a laid-back person who is not very often active, while another may be more interactive and online to their pupils. Think of chat rooms as Profit.ly’s version of the forum in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock trader types, from novices to the most experienced. With the variety of deals it offers, the platform surely has something for everyone.
For instance, newbies will enjoy Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room advice from the in-house experts as well as their members. Additionally, they can select from the products from its online store that they can take with them wherever they may be. You can also get hands-on experience trading on the platform, however, they will soon learn that the process is a risky game that should not be viewed as a joke.
For traders who have many years of experience down the line, we believe Profit.ly equally suited for them as it is for people who are just beginning. Although the novices might not be as adept at managing trading however, experienced traders know how it works along with the plethora of risks associated with it. It is ideal to use Profit.ly’s array of options to their maximum advantage to develop their skills in trading. Like beginners, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the enjoyment! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to navigate them through the ever-changing trading process. Profit Vs Income
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with tons of learning communications, trading, and communication tools
- You’ll be taught by experts and advice from the company’s in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices – there truly is something for every person
The Cons
- Profit.ly’s abundance of products and packages offered might seem overwhelming 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 cherry-picking the best trades to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly does not offer refunds as the premium customers are expected to immediately take advantage of the numerous features the platform is able to provide
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The Final Verdict is: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it’s yes. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always meant to be designed in this way. Instead, it is best to keep the ability to think with an open heart. Profit Vs Income
What we do mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck might find Profit.ly’s range of resources useful when they try their best to reduce losses and perform better than they did before. Not only struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being a better trader and want to be taught by your peers and experts along the way, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Profit Vs Income
How can you make use of Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries in the My Trade category on the dashboard. It lets you post your trades that are verified or otherwise. There are three choices:
- 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
How can I tell if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is shown by the blue check mark. If you submit it manually or through screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving negative feedback from colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many are connected to 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 left and right.
