Stock trading can be an exciting game with high stakes. Some days, you might be reaping the benefits of pleasing and positive numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to get back to where you were your best. If you’re always in the mud it is important be aware that relying solely on your instincts and preserving might not be enough.
If you’ve suffered loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the globe, which is why we’ve discovered a platform that can support you to improve your performance within the field. In this review, we’ll take 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitly 360
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be informed, transparent, accountable, and to build relationships with each other by offering a wide variety of tools and features such as chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for people who are just beginning their journey as well as a place for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Providing users with a wide array of options to facilitate trade and communication, it helps traders from every field of business connect with each other. It also allows gurus to make an opportunity to invest in the right areas that the site. Consider it an online social media platform similar to Facebook and Reddit but with a focus on 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 ensures that the trades are valid and won’t accept fake news as long as is humanly possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes stated that Profit.ly was driven 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) keeping track of public data for all traders, not just the gurus, but also the newsletter writers and students, and 2) making it possible for everyone on the platform to gain insight into both losses and wins to the benefit of the trading industry. Profitly 360
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of features and services aimed toward success. You may set up an account there for free, but you’re only given the ability to navigate through the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s deals that we’ll go over shortly.
The process of opening an account is easy: create an account that includes your personal information and skills, join your brokerage account, and you’ll have an opportunity to make your way up to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a glimpse of the performance of the trading community as well as its gurus. It’s not just a way to show that you’re worthy to the community of traders. You can also use Profit.ly to buy from a guru with the assurance that you’re confident with their expertise and the credibility of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, you may opt to post your trades, either verified or otherwise, through pictures. Also included in Profit.ly are a variety of trading courses as well as the ability to look at the stats of a trader’s account as well as other ways to connect with your gurus in the chatroom, as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for under $5 for each share. Penny stock trading could be viewed as a stepping stone for small businesses to transition to a market that is larger as it allows them to access money from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell thanks to his years of expertise.
Beginning at the end of his time in High School, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as a trader. At 25 years old, he had been given greater exposure and a larger reach of influence when he was a part of the reality series “Wall Street Warriors.” He made use of the show to develop trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also helped to establish Profit.ly as a place 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 sweet inclusions is the vast array of learning resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have earned substantial profits through their years of experience. Profitly 360
At its peak, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you will see him focus on the basic stock catalysts and employ them to predict the next move that is possible when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS as well as Android devices, as well as texts, emails and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 monthly, this is a great option for those who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features of the previous plan, including swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading profits. Profitly 360
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket along with the mobile app, daily market commentary in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge that is provided by Superman himself, via his Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally you’ll also have the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Programs 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 going. The platform offers three membership tiers that are designed to accommodate traders at different levels. Let’s break down what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. When you sign up for this package, you will be immediately offered a range of strong and indispensable trading tools, each one of them essential in keeping your fingers on what could call a ruthless process in and of itself.
Among the list of things you can do with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following and even chatting with your fellow traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze your trades, sort as well as filter trades; and, finally, see other’s stats.
The Novice plan is $29.95 per month. Although it looks attractive just by the price, there is a downside. You can’t create a private profile, thus making your activities publicly available. If you’re looking to have an account with this option, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader package lets you to use many of the features of The Novice package. In this plan, that you can create a private profile for sharing with fellow associate users all your knowledge and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to harness their trading skills. While it’s nice, there is one significant element that’s missing. Unlike the previous Novice package, this one won’t be able to see other traders’ statistics this might be a drawback for some who may be anticipating this level. Profitly 360
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. With $74.95 monthly, which includes a 22% discount when billed annually, this tier has it all. You will have full, unrestricted access to all the features from the two previous plans.
Not only do you get to see other users’ stats and data, but you also have the opportunity to create your own private profile. Both of these options, plus the other advantages that you can utilize to the maximum extent. If you’re in search of a plan that can serve you everything you need as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly provides a variety of more services it has to provide. One of those is its online store, which lets users pick from a range of instructional videos that are that are designed to educate and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and clips from The Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of features and services. You are probably familiar with the chat room since you will see it on social and messaging platforms, as well as some specialty websites that offer live chat support. But in Profit.ly it’s seen as a area where experts and member traders can communicate and learn in real time. Each guru has their style in operating their chat room and dealing with the listed members. One of them may be more laid back and not very often engaged, while another could be more online and communicative with their students. Think of chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, ranging from novices to experienced professionals. With the variety of deals it offers it is certain to have something for every person.
Newbies, for instance, 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 its in-house gurus and their members. They’ll also be able to pick from the merchandise available 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 eventually, they will soon learn that trading is a risky game that shouldn’t be taken as an opportunity to make fun of.
For traders who have decades of experience in the road, we consider Profit.ly equally suitable for them as it is for those who are just starting. While the newbies may not be as proficient in dealing with trading issues, the pros already understand how it works along with the stack full of risks associated with it. It is ideal to utilize Profit.ly’s array of options to their maximum advantage to improve their trading skills. Like beginners, they can learn from the experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the enjoyment! Trade professionals who are on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to help navigate them through the ever-changing trading process. Profitly 360
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You’ll receive excellent training and insights from its inside experts, as well as libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There is truly something for all
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for the majority of its customers
- Since traders can choose to open any kind of trade, there is the possibility that some of them may take advantage by picking the most profitable trades to increase the rating This could be a concern that should not be overlooked.
- Profit.ly does not offer refunds as its premium users will immediately benefit from the number of services that the platform can provide
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it would be a ‘yes’. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, it is best to keep an open mind. Profitly 360
What we are referring to”yes” is it could be a useful learning tool. Those who may be stuck might discover Profit.ly’s variety of resources useful in their efforts to reduce loss and perform better than they did before. Not only struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
If you really care about being a better trader and want to be taught by your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Profitly 360
How can you make use of Profit.ly to post your trades?
Profit.ly includes an entry section for trades under the ‘My Trade category on the dashboard that lets you post your trades, either verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there is an excellent chance that it is verifiable. This is shown by the blue check mark. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The downside of having an unauthentic trade is the chance of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where people are able to identify who is untruthful in submitting 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 on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just trying to maximize profits but also assist each other to learn and improve in acquiring stock market opportunities left and right.