Stock trading can be an extremely risky game. On certain days, you may be reaping the benefits of pleasing and positive numbers. On other days, however it could be the reverse, and it may sometimes be very difficult to return to where you were your most productive. If you are immersed in the water it is important to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your fellow traders from around the globe. That’s why we’ve found a platform that can support you in your growth in the market. In this review, we’ll be taking the time to look at Profit.ly, a well-recognized 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 Profitly Behind The Wheel
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of different levels to be knowledgeable and accountable, as well as transparent and uplifting with each other through its broad range of features and tools such as trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for those who are starting out and also as a platform for experienced traders to track their performance through the use of advanced analytics tools. It provides users with a vast array of options to facilitate trade and communication and letting traders from all walks of life connect with one another. It offers gurus with worthwhile investments within the confines that the site. Consider it the social media equivalent like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are valid and won’t allow for fraud as much as possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that has never been prior to.” The idea, he added, served two goals: 1.) keeping track of public data for all traders, not just the gurus as well as newsletter writers and students as well as) giving all users to gain insight into both losses and wins to benefit the industry of trading. Profitly Behind The Wheel
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of tools and services that are geared towards achieving success. You may set up an account on the site at no cost, however you’re only limited to having the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s offers that we’ll review in the coming days.
Making an account simple: Create a profile with your experiences and expertise, connect to your brokerage account and you have yourself the chance to climb your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users an insight into how the community of traders performs as well as its experts. It’s not just a way to demonstrate value to a group of traders, as you can also utilize Profit.ly to purchase from a guru with the assurance that you’re comfortable of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, then you could opt to post your trades, whether verified or not, by taking screenshots. Included in Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile, and more ways to communicate with your gurus in the chatroom, along with notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock which trades at just less than 5 cents per share. The trading of penny stocks can be seen as a stepping stone for small companies to move into a larger market because it allows them to access money from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes can surely tell through his many years of expertise.
From his beginnings in his late years in high school, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as trading professional. When he was 25 years old Sykes was given greater exposure and an even wider impact when he became part of the reality show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms, penny stock themes, and educational content geared toward people who are brand new to the trading field. He also helped establish Profit.ly as a place of transparency and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning sources, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the trading experts who have made substantial profits through their years of experience. Profitly Behind The Wheel
At its peak, Profit.ly had housed up to five gurus, all of them an expert within their particular field within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing there are only two gurus who remain on this platform: Founder as well as 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 offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next possible moves in making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS as well as Android devices; 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 that has been upgraded of the Tim’s Alerts program. It costs $149.95 monthly, it is an ideal plan for investors who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features of prior plans, which includes alerts for swing trading and access to a collection of more than 7,000 educational videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly Behind The Wheel
The Superman Alerts plan is an offering of essential features and trading alerts geared to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist as well as the mobile app, daily market commentary shown in real-time, as well as email 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 featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. Additionally you’ll also gain the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to get you started. The platform has three membership tiers that are designed to accommodate traders at different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. As you sign up for this plan, you will be immediately offered a range of strong and vital trading tools, all of them integral in keeping your hands on what we could call a ruthless process by itself.
Some of the features you can do with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards, analyze your trades, sort as well as filter trades; and, finally, see other’s stats.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive just by the price however, there’s a drawback. It isn’t possible to create a private account, making your activities publicly available. If you’re interested in gain an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to take advantage of the majority of features available in The Novice package. In this plan, that you are able to create an individual profile that allows you to share with fellow associate users all your knowledge and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to harness their expertise in trading. As nice as it seems but there’s one important element that’s missing. In contrast to the Novice package, you won’t be able to view the statistics of other traders, which might be a drawback for those who are anticipating this level. Profitly Behind The Wheel
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly offers to experienced traders. It costs $74.95 monthly, and 22% off for billing annually This plan offers everything. It gives you full, unlimited access to all features from the two prior plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the opportunity to create a private profile. Both of these options, on top of all the advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve you with everything you require as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly has a few other services they offer. 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 ins and outs of trading. All of the products featured in this section of the website can be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and clips from the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s array of services and features. You’re probably familiar with chat rooms 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, it is seen as a hands-on space where experts and their members trade and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the members there. One might be more laid back and less active, while another might be more interactive and online in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum, in 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, ranging from novices to the most experienced. Given the wide range of options it has to offer, the platform surely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. In addition, they will be provided with videos every week and chat room advice by its internal gurus and their members. They’ll also be able to pick from the merchandise available from its online store that they can take with them wherever they be. Additionally, they can gain practical experience trading on the platform, but eventually they’ll be able to realize that the process is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we see Profit.ly as equally as suitable to those who are just starting. While novice traders may 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 utilize Profit.ly’s variety of features to their full advantage to enhance their trading skills. Like novices, they can study from the gurus and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Verified experts can also join in the fun! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to help guide them through the ever-illustrious trading process. Profitly Behind The Wheel
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You’ll be taught by experts and insights from its in-house gurus, including libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and dependable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There is truly something for all
The Cons
- Profit.ly’s numerous products and packages offered might seem overwhelming for the majority of its users
- As traders may opt to make any type of trade, there is a possibility that some of them will profit by picking the most profitable trades to increase the rating this could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds, as the premium customers are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Concluding Question is: Is Profit.ly Valued?
If we could think of an answer to this question, it’s a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you should have an open mind. Profitly Behind The Wheel
What we do mean”yes” is that it is a fantastic learning tool. Those who may be stuck might be able to find Profit.ly’s range of resources to be helpful in their efforts to reduce losses and perform better than they did before. Not only struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you truly care about being a better trader and want to learn from your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good option to begin.
FAQ Profitly Behind The Wheel
How can you make use of Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries in the My Trade section of the dashboard which lets you post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account with your broker of choice and import the trades from that directly
- Manually entering your trades into the spaces provided and details
- Take a photo of your transactions
How do I know whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is evident by the blue check mark. If you submit it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving negative feedback from 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.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities on the stock market both right and left.