The stock market can be an extremely risky game. Some days, you might be reaping the benefits of pleasing and positive numbers. However, on other days you may experience the opposite and it can be very difficult to get back to where you were at your peak. If you’re constantly stuck in the gutter You will need be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve suffered losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the world, which is why we’ve identified a platform that can support you in your improvement in the market. In this review, we’ll be taking an in-depth look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitly And Robinhood
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of different levels to be informed and accountable, as well as transparent and uplifting with each other by offering a wide range of features and tools like trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for people new to trading and also as a platform for traders who are experienced to monitor their performance with the help of cutting-edge 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 offers gurus with worthy investments within the boundaries that the site. Consider it the social media equivalent the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are authentic and won’t accept fake news as long as is humanly possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes publication, Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that was never previously done.” The concept was, he said, serving two objectives: one) keeping track of public data for not just the gurus, but also the newsletter writers and students, and 2) making it possible for everyone on the platform to learn from both losses and wins for the trading industry’s benefit. Profitly And Robinhood
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of tools and services that are geared at achieving success. It is possible to create an account at no cost, however you’re limited to the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s offerings, which we will go over shortly.
Making an account simple: Create an account that includes your personal information and skills, join your brokerage account, and you have yourself the chance to climb your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a look at their performance as a trading group as well as its gurus. It’s not only a chance to prove value to a large group of traders. You are also able to use Profit.ly to purchase with a guru, and have the confidence that you are confident of their knowledge and the credibility of their claims.
If you are unsure about the idea of divulging the details of your broker account then you could decide to share your trades, whether verified or not, via screenshots. Also included in Profit.ly is the huge selection of trading courses as well as the ability to look at stats in a trader’s profile, and more ways to interact with your experts via chatrooms along with notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in trades in penny stocks. According to Investopedia, a penny stock is a small business’s shares that trade for just less than 5 cents per share. The trading of penny stocks can be seen as a stepping stone for small companies to move to a market that is larger as they can access capital from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes is sure to reveal thanks to his years of experience.
Beginning in the latter years of High School, Tim Sykes has, since then, made an estimated $6 million profit throughout his illustrious career as trader. At the age of 25 Sykes was given greater exposure and an even wider impact when he became part of the reality series “Wall Street Warriors.” He then took advantage of it to create trading rooms and penny stock themes and educational material aimed at those who are new to the trading field. He also helped establish Profit.ly as a place for openness, 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 variety of learning resources, trade alerts, as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the trading experts who have made substantial amounts of money from their combined years of expertise. Profitly And Robinhood
At its height, 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 prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who remain on the platform: the 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 look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll see him focus on the fundamental stock catalysts and use them to anticipate the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS as well as Android devices; text, e-mail and push alerts as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 per month, this is an ideal plan for those who are committed to penny stock trading. Pennystocking Silver offers all the essential features found in earlier plans which includes alerts for swing trading and access to a rich collection of more than 7,000 educational videos and new videos released every week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly And Robinhood
The Superman Alerts package is his offering of essential features and alerts on trading geared to those interested. For $147/month, you’ll get access daily premarket stock watchlist as well as the mobile application, daily market commentary in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge of information provided by Superman himself, via his Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. In addition, you’ll also get the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s take a look at what these three are and how much they’ll 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 trading community. When you sign up for this package you’ll be given a slew of robust and essential trading tools, each of them integral in keeping your fingers on what call a competitive procedure in its own.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging other traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze your trades, sort or filter the trades you make and, lastly, view other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal account, making your personal information public. If you’re looking to gain the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use a majority of features from the Novice plan. In this plan, that you can set up a private profile for sharing with fellow associate users all your knowledge and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to develop their expertise in trading. Although it’s a nice thing but there’s one important feature that is missing. Unlike the previous Novice package, you won’t be able view other traders’ statistics that could be a problem for those anticipating this level. Profitly And Robinhood
The Professional plan can be described as the highest expensive plan Profit.ly can offer to experienced traders. With $74.95 per month, which includes a 22% discount when billed annually, this tier has it all. It gives you full, unlimited access to all features from the two previous plans.
Not only do you get to view other people’s stats, but you’re also given the opportunity to create your own private profile. Both of these features, on top of all the advantages that you can utilize to the fullest potential. If you’re in search of a plan that can serve you everything you need as trader with experience, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly offers a number of additional services that it can provide. One of these is its online store, which allows users to choose from a wide array of videos 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 can be bought immediately for your personal use. These include best-selling products like the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and other related to trading, videos and footage taken from The Annual Pennystocking Conference, and other products by expert traders.
Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of services and features. You are probably familiar with the concept of the chat room as you can find it throughout social and messaging platforms in addition to a few special websites that provide live chat assistance. But on Profit.ly, it is seen as a real-time space where experts and their members trade and share knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members. One might be laid back and rarely active, while another may be more active and in touch with their students. Consider chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock traders, from beginners to experienced pros. Given the wide range of options it has to offer, the platform surely has something for every person.
For instance, newbies will enjoy Profit.ly’s library of learning information available on the platform. Not only will they get daily videos and chat room advice from the in-house experts as well as their members. They’ll also be able pick from the merchandise available from its online store that they can take with them wherever they may go. They can also gain hands-on experience trading on the platform, however they’ll realize that the process is a high stakes game that shouldn’t be treated as an amusing pastime.
For the traders with many years of experience down the line, we see Profit.ly equally suitable to the newcomers. Although the novices might not be as proficient in managing trading, the pros already understand the way it functions and the plethora of risks that come with it. Ideally, they may make use of Profit.ly’s array of features to their full advantage to enhance their trading skills. Like beginners, they can study from the gurus as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are at the same level as Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to help assist them in the ever-changing trading process. Profitly And Robinhood
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You’ll receive excellent training and advice from the company’s inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There’s something for all
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for most of its customers
- Since traders can choose to make any type of trade, there is the possibility that some of them may take advantage by picking the most profitable trades to boost their rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as the premium customers are expected to immediately benefit from the number of features the platform is able to provide
The Final Verdict is: Is Profit.ly Worth It?
If we could think of an answer to this question, it’s an affirmative “yes”. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally intended to be created in this way. Instead, you should have an open mind. Profitly And Robinhood
What we mean”yes” is it could be a useful learning tool. People who are stuck might discover Profit.ly’s array of resources to be helpful as they do their best to avoid losses and be more successful than they did before. It’s not only the struggling traders that will benefit from this platform. It is able to accommodate novices and even experts!
If you really care about being better at trading and wish to be taught by your peers and experts on the way, look no further – Profit.ly could be a good option to begin.
FAQ Profitly And Robinhood
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes an entry section for trades under the ‘My Trade category on the dashboard. It allows you to 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 entering your trades using specified spaces and information.
- Take a photo of your transactions
How do I know whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s a high likelihood that it can be verified. This is shown by the blue check mark. If you upload the information manually or via screenshots, it will automatically be assigned as unverified.
The downside of having an unauthenticated trade is the risk of getting downvotes from your friends and colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of this 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 works with all operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just looking to earn maximum profits but also help each other learn and improve in acquiring opportunities on the stock market both right and left.