Stock trading is a high-stakes game. Some days, you could enjoy the benefits of pleasing and positive numbers. On other days, however, the opposite may happen and it can be extremely difficult to return to the point you were at your peak. If you find yourself constantly stuck in the gutter it is important to realize that relying on your instincts and preserving is not always enough.
If you’ve been incurring occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the world, which is why we’ve found an online platform that will help you in your growth in the industry. In this review, we’ll be taking an in-depth look at Profit.ly A well-respected 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profitly Free Trial
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of various levels to be informative and accountable, as well as transparent and to build relationships with one another through its wide array of tools and features like trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for those who are starting out as well as a place for traders with experience to keep track of their performance through the use of sophisticated analytics tools. It provides users with a vast array of options for communication and trade, it helps traders from every field of business connect with each other. It gives the gurus worthy investments within the boundaries of this platform. Think of it as a social media site akin the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of all trades, something that was never done before.” The concept Sykes said served two objectives: one) keeping track of public data for everyone, not just the experts as well as students and newsletter writers as well as) making it possible for anyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Profitly Free Trial
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of tools and services that are geared toward the success of their business. It is possible to create an account there at no cost, however you’re only given access to the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time You’ll need to subscribe to any of Profit.ly’s offerings that we’ll review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and skills, join your brokerage account, and you’ll have the chance to climb your way to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a look at how the community of traders performs and its experts. It’s not just a way to prove your worth to a group of traders. You can also use Profit.ly to purchase with a professional with the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you are unsure about the idea of divulging the details of your broker account you can choose to publish your trades, verified or not, via photographs. Included in Profit.ly is the huge selection of trading courses, the ability to view the stats of a trader’s account as well as other ways to communicate with your gurus via chatrooms as well as email and text alerts as well as 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 penny stock trading. According to Investopedia, a penny stock is a small business’s stock which trades at under $5 for each share. The penny stock market can be seen as an opportunity for small companies to move to a market that is larger as they can access capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell through his many years of experience.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned more than $6 million in profit throughout his illustrious career as a trader. When he was 25 years old Sykes was given greater exposure and a larger influence over time as a participant in the reality show “Wall Street Warriors.” He then used the opportunity to create trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also played a role in establishing Profit.ly as a place for transparency and for the community to lift each other up and compete on 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 helpful stuff provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have proven to make substantial profits through their years of expertise. Profitly Free Trial
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise within the world of trading. 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 this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. The cost is $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 standalone purchase of 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, 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. It costs $149.95 for a month this is an ideal plan for investors who are involved in the penny-stock market. Pennystocking Silver offers all the essential features of earlier plans such as swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Free Trial
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist as well as the mobile app, the daily market commentary shown in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base of information provided by Superman himself, via the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally you’ll also have access to premium research reports as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to help you started. The platform offers three membership tiers that are designed to accommodate traders of different levels. Let’s break down what these three are and how much they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. When you sign up for this package, you will be immediately given a slew of robust and indispensable trading tools, all of which is essential to keep your fingers on what we could call a ruthless process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice package is the ability to confirm trades and track profits and follow-up, leading and even chatting with other traders; and leaving feedback on today’s trades. You’re also allowed to get onto leaderboards; study, sort, and filter your trades and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive just by the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your actions public. If you’re looking to gain an account with this option, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader plan allows you to use many of the features of The Novice package. In this plan, that you can set up an account that is private for sharing with fellow associate users all the insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to develop their skills in trading. While it’s nice, there is one significant aspect that’s not included. Unlike the previous Novice package, this one won’t be able to see other traders’ statistics, which might be a drawback for those looking forward to this tier. Profitly Free Trial
This is by far the most premium package that Profit.ly could offer for seasoned traders. With $74.95 per month, and 22% off for annual billing the Pro plan has everything. You will have full, unrestricted access to all the features of the previous plans combined.
You’re not only able to see other users’ stats and data, but you also have the chance to create your own private profile. Both of these features, on top of all the advantages that you can utilize to their fullest capacity. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly offers a number of more services it has to offer. One of these is its online store, which allows users to select from a variety of videos that are designed to educate and guide you through the ins and outs of trading. All of the products featured on this page of the site can be immediately purchased for personal use. These include best-selling products such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on short stocking, penny stocking, and all other things trading-related, clips and footage from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of features and services. You are probably familiar with the chat room as you will see it on 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 hands-on space where experts and their members trade and learn in real time. Every guru has their own way in operating their chat room and in dealing with the members there. One might be a laid-back person who is less active, while another might be more online and communicative in their interactions with students. Think of the chatrooms as Profit.ly’s version of the forum in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, from novices to the most experienced. Considering the number of offers it can provide this platform definitely has something for all.
For instance, newbies can take advantage of Profit.ly’s library of learning content offered throughout the platform. They will also get daily videos and chat room tips by its internal gurus and members. Additionally, they can choose from the items in its online store for them to take wherever they may be. Additionally, they can gain practical experiences from trading within the platform, but ultimately, they will soon learn that trading is a high stakes game that should not be viewed as an amusing pastime.
For the traders with years of exposure down the line, we see Profit.ly equally suited to them as people who are just beginning. Although the novices might not be as well-equipped with dealing with trading issues, the pros already understand how it works along with the plethora of risks that it carries. Ideally, they may use Profit.ly’s array of options to their maximum advantage to develop their skills in trading. As beginners, they are able to learn from the top experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to navigate them through the ever-changing trading process. Profitly Free Trial
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders across the globe with an abundance of knowledge, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and authentic trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There is truly something for every person
- Profit.ly’s abundance of products and packages offered might not be enough for a lot of its users
- If traders decide to post any kind of trade, there’s a possibility that some of them will profit by cherry-picking the best trades to boost their rating This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds as its premium users are expected to instantly benefit from the many services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we were able to come up with the answer, it’s yes. However, you must realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t intended to be created for this reason. Instead, it is best to keep the ability to think with an open heart. Profitly Free Trial
What we do mean”yes” is it can be a great learning tool. People who are stuck may discover Profit.ly’s range of resources useful in their efforts to reduce losses and be more successful than they did before. It’s not just the poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly care about being better at trading and wish to be taught by your mentors and peers on the way, take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Profitly Free Trial
What are the best ways to use Profit.ly to post your trades?
Profit.ly has a trade entry portion within the “My Trade section of the dashboard that lets you post your trades, either verified or not. You may choose between three options:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
How can I tell whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there’s the likelihood that it can be verified. This is evident by the blue check mark. If you post it manually or through pictures, it will be assigned as unverified.
The downside of having an unverified trade is the risk of getting downvotes from your fellow peers. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are looking to earn maximum profits but also assist each other to develop and grow in their ability to take advantage of stock market opportunities both right and left.