Stock trading can be a high-stakes game. On certain days, you may be reaping the benefits of positive and satisfying numbers. However, on other days you may experience the opposite and it can be extremely difficult to return to where you were your best. If you are constantly stuck in the gutter, you will have to recognize that relying on instinct and survival might not be enough.
If you’ve experienced occasional losses and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe. That’s why we’ve identified a platform that can support you in your improvement in the market. We’ll be taking a look at Profit.ly A well-respected 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.
Overall Rating: 4.1/5 Profit Vs Revenue
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be knowledgeable responsible, transparent, and encouraging each other through its broad array of tools and features like trade verification, chat rooms as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for people who are starting out and as a hub for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Offering users a broad range of resources for communication and trade and letting traders from all walks of life network with each other. It also allows gurus to make an opportunity to invest in the right areas of the platform. Think of it as a social media site akin like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are authentic and won’t allow for fraud as much as is humanly possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been prior to.” The idea, he added, served two objectives: one) making public records for everyone, not just the experts and newsletter authors and students as well as) allowing anyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Profit Vs Revenue
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of tools and services that are geared towards achieving success. You may set up an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time, you will need to join one of Profit.ly’s deals, which we will go over shortly.
The process of opening an account is easy: create an account that includes your personal information and skills, join to your brokerage account, and you’ll be given the chance to climb through high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users an insight into how the community of traders performs and its experts. It’s not just a way to demonstrate value to a group of traders, but you can also utilize Profit.ly to purchase from a guru with the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you feel uneasy with the concept of leaking your brokerage account, then you could choose to publish your trades, either verified or not, via pictures. In Profit.ly is the huge selection of trading courses, the ability to view the stats of a trader’s account and other methods to connect with your gurus in the chatroom, in addition to 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 guru who is famously known for delving his hands into trades in penny stocks. According to Investopedia Penny stock is a small business’s stock which trades at less than $5 per share. The trading of penny stocks can be seen as an avenue 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 can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in profit throughout his illustrious career as a trader. When he was 25 years old Sykes was given greater exposure and a larger influence over time as a participant in the reality TV show “Wall Street Warriors.” Then, he made use of the show to create trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place for transparency, 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 variety of education resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the trading experts who have proven to make substantial profits through their years of knowledge. Profit Vs Revenue
At its height, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the field of trading. Some of the prominent experts were 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: 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 has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you will observe him focus on fundamental stock catalysts and use them to predict the next possible moves in trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS and Android devices, as well as email, text 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. It costs $149.95 per month, this is an ideal plan for those who are involved in penny stock trading. Pennystocking Silver comes with all the standard features that were included in the previous plan, including swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Profit Vs Revenue
The Superman Alerts plan is an offering of essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile app, daily market updates in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base that is provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. Additionally you’ll also have the ability to access premium reports on research and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to help you started. The platform offers three membership tiers that cater to traders at different levels. Let’s break down what these three tiers are and how much they’ll 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 world of trading. Once you have signed up for this package you’ll be offered a range of strong and vital trading tools, each of which is essential to keep your fingers on what could call a ruthless process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit and follow-up, leading and even chatting with other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze your trades, sort and filter your trades and, finally, see other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re looking to have the benefit of this service, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader package allows you to take advantage of a majority of features from the Novice plan. It is in this plan that you can set up an account that is private to share with fellow associates all your insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to develop their expertise in trading. While it’s nice however, there’s a crucial feature that is missing. Unlike the previous Novice package, you won’t be able to see other traders’ statistics, which might be a drawback for those eager to try this new tier. Profit Vs Revenue
This is by far the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 each month with an additional 22% discount when billed annually, this tier has everything. It gives you full, unlimited access to all the options of the previous plans combined.
In addition, you’ll be able to see other users’ stats and data, but you also have the option of creating an individual profile. Both of these features, in addition to the advantages that you can utilize to the fullest potential. If you’re in search of an option that gives you with everything you require as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly has a few more services it has to provide. One of those is its online store, where customers can select from a variety of instructional videos that are designed to inform and provide guidance on the nuances and pitfalls of trading. The products listed in this section of the site can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers,” 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 from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s variety of services and features. You may be familiar with chat rooms since you will see it on social and messaging platforms in addition to a few special websites that offer live chat assistance. However, in Profit.ly, it is seen as a space where experts and their member traders can communicate and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members there. One might be laid back and less engaged, while another could be more online and communicative to their pupils. Consider chatrooms as 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 the wide range of stock traders, from novices to the most experienced. Considering the number of offers it offers, the platform surely has something for all.
For instance, newbies can take advantage of Profit.ly’s library of learning materials available across the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus and members. They’ll also be able to choose from the items from its online store that they can take with them wherever they may be. They can also gain hands-on experience trading on the platform, but eventually they’ll realize that trading is a risky game that should not be viewed as a joke.
For the traders with years of exposure down the road, we consider Profit.ly equally suitable for them as it is for those who are just starting. While novice traders may not be as adept at handling trading matters however, experienced traders know how it works and the stack full of risks that it carries. It is ideal to use Profit.ly’s array of features to their full advantage to enhance their skills in trading. Like beginners, they can learn from the experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the excitement! Trade professionals who are on the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to help navigate them through the ever-changing trading process. Profit Vs Revenue
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 an abundance of knowledge tools, communication, and trading tools
- You will be taught by experts and insights from its inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and authentic trader
- In addition to its primary features, 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 variety of subscription plans and guru packages are priced at affordable rates There’s something for all
- Profit.ly’s numerous packages and services offered could not be enough for most of its users
- As traders may opt to post any kind of trade, there’s an opportunity that some them may take advantage by picking the most profitable trades to improve their ratings this could be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds as its premium users will immediately take advantage of the numerous services that the platform can provide
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The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it’s yes. But you need to understand that the platform should not be used as a scheme to get rich quick. It wasn’t designed to be used in this way. Instead, you need to have curiosity. Profit Vs Revenue
What we mean”yes” is it is a fantastic learning tool. People who are stuck may discover Profit.ly’s array of resources useful when they try their best to avoid losses and be more successful than they did before. It’s not only the struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely desire to be better at trading and wish to learn from your mentors and peers along the way, then look no further – Profit.ly may be a great choice to start.
FAQ Profit Vs Revenue
What are the best ways to use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries under the “My Trade section of the dashboard which lets you post your trades, verifiable or not. There are three choices:
- Linking your account with your 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 transactions
How can I tell whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is indicated with the blue check mark. If you submit it in a manual way or by taking images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the risk of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Is the Profit.ly mobile application still available?
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 app version is compatible with the majority of working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of stock market opportunities both right and left.