Stock trading can be a high-stakes game. On certain days, you may have the benefit of pleasing and positive numbers. On other days you may experience the opposite and it can be very difficult to return to where you were your peak. If you’re constantly stuck in the gutter, you will have to realize that relying on your instincts and preserving is not always enough.
If you’ve suffered losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an important boost from fellow traders from around the globe, which is why we’ve identified an online platform that will help you to improve your performance in the market. This review will be taking the time to look at Profit.ly is a well-known 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 Profitlier
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be knowledgeable responsible, transparent, and encouraging one another through its wide array of tools and features such as chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for those who are just beginning their journey and as a hub for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Providing users with a wide variety of tools for trade and communication and letting traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries of this platform. Think of it as a social media site akin like Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The trading platform is built on trust and transparency. it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of all trades, something that has never been done before.” The idea was, he said, serving two objectives: one) keeping track of public data for not just the gurus as well as students and newsletter writers, and 2) making it possible for anyone on the platform to learn from both losses and wins for the trading industry’s benefit. Profitlier
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of features and services aimed toward achievement. You can create an account there for free, but you’re only given the ability to navigate through 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 it is necessary to sign up to one of Profit.ly’s deals that we’ll discuss in the near future.
The process of opening an account is easy: create a profile with your experiences and expertise, connect your brokerage account, and you have yourself the chance to climb your way to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a look at how the community of traders performs and its gurus. It’s not only a chance to demonstrate value to a large group of traders, but you can also use Profit.ly to buy from a guru with the assurance that you’re confident with their expertise and the veracity of their claims.
If you are unsure about the idea of sharing your brokerage account, then you could choose to publish your trades, verified or otherwise, through pictures. In Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile and other methods to connect with your gurus in the chatroom, as well as text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock is a small business’s shares that trade for less than $5 per share. The penny stock market is an opportunity for small companies to move to a large marketplace as it allows them to access funds from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes will be able to tell you because of his decades of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as trading professional. At the age of 25, he had been given greater exposure and an even wider impact when he became part of the reality show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of 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 educational tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have proven to make significant amounts of profit from their collective years of expertise. Profitlier
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you will observe him focus on fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS as well as Android devices, as well as texts, emails and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 for a month this is a great option for those who are more invested in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in earlier plans which includes swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos and new videos released every week.
From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Profitlier
The Superman Alerts plan is an package of vital features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist and the mobile app, daily market updates in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get 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 that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. Additionally you’ll also have the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to help you started. The platform has three membership tiers that are designed to accommodate traders with different levels. Let’s take a look at what these three are and how much they will cost you.
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 to this plan, you will be immediately provided with a variety of powerful and vital trading tools, all of them integral in keeping your hands on what we call a competitive process by itself.
The list of features you can do with Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading and even texting your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards; analyze your trades, sort and filter your trades; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per month. While it may look attractive just by the price, there is a downside. You can’t create a private profile, thus making your actions public. If you do want to gain the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package allows users to benefit from the majority of features available in The Novice package. This plan allows that you can create an account that is private for sharing with fellow associate users all your knowledge and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to improve their trading skills. As nice as it seems but there’s one important aspect that’s not included. As opposed to the prior Novice package, this one won’t be able view other traders’ statistics this could be a problem for those who are eager to try this new tier. Profitlier
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. With $74.95 per month, and a 22% discount for annual billing the Pro plan has everything. It gives you full, unlimited access to all features from the two previous plans combined.
Not only do you get to view other people’s stats and data, but you also have the opportunity to create a private profile. Both of these options, on top of all the advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly has a few more services it has to offer. One of these is its online store, where customers can select from a variety of video products created to guide you through the ins and outs of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. These include best-selling products like the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and other related to trading, videos and clips of The Annual Pennystocking Conference, and other products by expert traders.
The integrated chat rooms are as well part of Profit.ly’s range of services and features. You’re probably familiar with the concept of the chat room as you can find it throughout messaging and social platforms, and also on a few specialty websites that provide live chat support. But on Profit.ly, it is seen as a area where experts and members can interact and exchange knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members. One might be a laid-back person who is less engaged, while another could be more interactive and online to their pupils. Think of the chatrooms as Profit.ly’s version of the forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, from novices to the most experienced. Given the wide range of options it can provide, the platform surely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. In addition, they will get daily videos and chat room tips from its in-house gurus and their members. They’ll also be able to choose from the items in its online store that they can take with them wherever they travel. You can also get hands-on experiences from trading within the platform, but ultimately, they will soon learn that this is a risky game that shouldn’t be treated as a joke.
For the traders with many years of experience down the line, we see Profit.ly equally suited to them as the newcomers. 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. Ideally, they may use Profit.ly’s array of options to their maximum advantage to develop their trading skills. As beginners, they are able to learn from the top experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are at similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others in order to navigate them through the ever-changing trading process. Profitlier
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with tons of learning communications, trading, and communication tools
- You get to be taught by experts and tips from the inside experts, as well as libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription levels and guru packages 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 post any kind of trade, there is an opportunity that some them will profit by cherry-picking the best trades to improve their ratings This could be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as its premium users are expected to immediately take advantage of the numerous services the platform has to provide
The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always intended to be created in this way. Instead, you need to have curiosity. Profitlier
What we do mean”yes” is it could be a useful learning tool. Those who may be stuck may find Profit.ly’s range of resources helpful when they try their best to avoid losses and perform better than they did before. It’s not only the struggling traders who will profit from the platform. It can accommodate beginners and even experts in the field!
If you really desire to be a better trader and want to be taught by your peers and experts along the way, then look no further – Profit.ly may be a great option to begin.
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries under the ‘My Trade section of the dashboard. It lets you post your trades, verifiable or otherwise. You may choose between three options:
- Connecting your account to your broker of choice and import transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there is a high probability that it’s verifiable. This is shown by the small blue check. If you upload it manually or through screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthentic trade is the chance of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the App Store for Apple and on 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 currently houses more than 150,000 investors and traders as they not only are trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market left and right.