Stock trading can be an exciting game with high stakes. On some days, you might be reaping the benefits of positive and satisfying numbers. However, on other days it could be the reverse and it can be very difficult to return to the point you were at your peak. If you find yourself always in the mud You will need to realize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe, which is why we’ve found an online platform that will help you in your growth within the field. 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 Brokers
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informed, transparent, accountable, and encouraging 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 site for trading which serves as a learning and education platform for traders who are starting out as well as a place for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. Offering users a broad range of resources for communication and trade, it helps traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries that the site. Think of it as a social media site akin to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was established many years ago 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 said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never prior to.” This idea, he added, served two objectives: one) making public records for all traders, not just the gurus as well as newsletter authors and students, and 2) giving everyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. Profitly Brokers
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of features and services aimed at achieving success. It is possible to create an account for free, but you’re only limited to having the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money and see what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s offers that we’ll review in the coming days.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you have yourself the chance to climb through at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a glimpse of the performance of the trading community as well as its gurus. It’s not just a way to demonstrate your worth to a large group of traders, as you can also use Profit.ly to shop from a guru with the assurance that you’re confident in their skills and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you can decide to share your trades, either verified or not, via pictures. Included in Profit.ly are the vast number of trading classes as well as the ability to look at stats in a trader’s profile and other methods to communicate with your gurus via chatrooms in addition to 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 trader who is well-known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for less than $5 per share. The penny stock market is an avenue for small companies to move to a market that is larger as they can access funds from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal through his many years of expertise.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, earned an estimated $6 million profit throughout his illustrious career as trading professional. At the age of 25 Sykes was given greater exposure and an even wider influence over time as a participant in the reality TV show “Wall Street Warriors.” He then used the opportunity to create trading rooms, penny stock themes, as well as educational content targeted at those who are new to the trading field. He also played a role in establishing Profit.ly as a place for openness, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning resources, trade alerts, and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the experts in trading who have proven to make substantial amounts of money from their combined years of experience. Profitly Brokers
At its height, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on the 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 Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when making trades.
A standalone 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; email, text and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 monthly, it is the perfect plan for those who are more invested in penny stock trading. Pennystocking Silver includes all the basic features of prior plans, which includes swing trading alerts as well as unlimited access to a library of over 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Profitly Brokers
The Superman Alerts plan is his package of vital features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile app, the daily market commentary in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base of information provided by Superman himself through his Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. Additionally you’ll also gain an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager 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 up and running. The platform offers three membership tiers, each designed for traders of 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 entry-level plan designed especially for those who are just beginning their journey to the trading world. As you sign to this plan you’ll be offered a range of strong and indispensable trading tools, all of which is essential to keep your fingers on what we could call a ruthless process by itself.
Among the list of things you can do using Profit.ly’s Novice package is the ability to verify trades and track profits and follow-up, leading, and even messaging your fellow traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study your trades, sort as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per month. Although it might look appealing simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your personal information public. If you’re interested in have access to this feature, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use a majority of features from The Novice package. In this plan, that you can create an account that is private to share with fellow associate users all the insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to harness their skills in trading. While it’s nice, there is one significant feature that is missing. As opposed to the prior Novice package, you won’t be able view other traders’ stats that could be a problem for those who are eager to try this new tier. Profitly Brokers
The Pro plan is the most luxurious package Profit.ly can offer to experienced traders. At $74.95 monthly, with an additional 22% discount when billed annually, this tier has everything. You get full, no-holds-barred access to all the options of the prior plans.
You’re not only able to look at other people’s statistics and data, but you also have the option of creating a private profile. Both of these options, in addition to the advantages you’ll be able to use to the maximum extent. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly has a few more services it has to provide. One of them is the online store, where customers can select from a variety of videos that are designed to educate and provide guidance on the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, as well as all related to trading, videos and scenes 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 may be familiar with the concept of the chat room since you can find it throughout messaging and social platforms, in addition to a few special websites that offer live chat assistance. But on Profit.ly it’s seen as a space where experts and their member traders can communicate and share knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members. One of them may be laid back and less active, while another may be more online and communicative in their interactions with students. Think of chatrooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock traders, ranging from beginners to experienced pros. Given the wide range of options it has to offer it is certain to have something for all.
Beginners, for instance, will enjoy Profit.ly’s library of learning information available on the platform. Not only will they get daily videos and chat room advice by its internal gurus and members. Additionally, they can pick from the merchandise available from its online store for them to take wherever they may be. Additionally, they can gain practical experience trading on the platform, however they’ll realize that the process is a high stakes game that should not be viewed as an opportunity to make fun of.
For the traders with decades of experience in the line, we see Profit.ly equally suited to those who are just starting. While novice traders may not be as adept at dealing with trading issues however, experienced traders know the way it functions and the risky mix that it carries. It is ideal to use Profit.ly’s array of features to their full advantage to enhance their skills in trading. As beginners, they are able to study from the gurus and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the fun! Trade professionals who are on similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders as a way to assist them in the ever-changing trading process. Profitly Brokers
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You get to be provided with excellent lessons and tips from the internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates – there truly is something for every person
- Profit.ly’s numerous packages and products offered may be too much for a lot of its customers
- Since traders can choose to make any type of trade, there’s an opportunity that some them will profit by picking the most profitable trades to increase the rating This could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as its premium users are expected to instantly benefit from the number of services the platform has to offer
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The Final Verdict 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 this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. Profitly Brokers
What we are referring to”yes” is it could be a useful learning tool. For those who are struggling, they could find Profit.ly’s variety of resources helpful as they do their best to avoid losses and perform better than before. It’s not only the poor traders that can profit from the platform. It can accommodate beginners and even experts!
If you really care about being more successful in trading and would like to be taught by your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profitly Brokers
How do you use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries in the My Trade category on the dashboard. It lets you post your trades, verifiable or otherwise. You may choose between three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there’s the likelihood that it can be verified. This is indicated with the blue check mark. If you submit the information manually or via images, it will be assigned as unverified.
The downside of having an unverified trade is the chance of getting downvotes from your friends and colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are connected to 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 learn and improve in acquiring opportunities in the stock market both right and left.