Stock trading can be an exciting game with high stakes. Some days, you might be reaping the benefits of positive and satisfying numbers. On other days, the opposite may happen and it can be very difficult to get back to the point you were at your best. If you are always in the mud, you will have be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your trading partners from all over the globe. That’s why we’ve discovered an option that can help you in your growth in the industry. This review will take an in-depth 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 Gden
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informative responsible, transparent, and to build relationships with one another through its wide array of tools and features such as chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for those 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. It provides users with a vast variety of tools for trade and communication and letting traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines that the site. Imagine it as the social media equivalent like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are valid and won’t accept fake news as long as it is possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes magazine, Sykes stated that Profit.ly was based “on showing all trades, something that has never been prior to.” This idea, he added, served two objectives: one) making public records for not just the gurus and newsletter authors and students and secondly) giving all users to learn from both the wins and losses for the trading industry’s benefit. Profitly Gden
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of services and features geared at achieving achievement. It is possible to create an account on the site for free, but you’re only limited to having access to the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s offerings that we’ll go over shortly.
Making an account easy: create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll have a chance to shoot your way up to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a look at the performance of the trading community as well as its experts. You’re not just allowed to prove value to a large group of traders. You are also able to use Profit.ly to buy from a guru with the assurance that you’re confident of their knowledge and the credibility of their claims.
If you are unsure about the idea of divulging information about your account with a brokerage, then you could choose to publish your trades, whether verified or not, via pictures. Included in Profit.ly is the huge selection of courses in trading and the capability to see stats in a trader’s profile and other methods to communicate with your gurus via chatrooms 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 delving his hands into trades in penny stocks. According to Investopedia Penny stock refers to a small company’s stock that trades for under $5 for each share. Penny stock trading could be viewed as an avenue for small companies to move to a large marketplace as it gives them access to money from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of profit throughout his illustrious career as a trader. At the age of 25 Sykes was given greater exposure and an even wider influence over time when he became part of the reality show “Wall Street Warriors.” He then used the opportunity to establish trading rooms, penny stock themes, as well as educational content targeted at those who are new to trading. He also helped establish Profit.ly as a platform for transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have proven to make substantial amounts of money from their collective years of knowledge. Profitly Gden
At its height, 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 prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on this platform: the 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 packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to 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 highest-quality version, with an upgraded version of Tim’s Alerts package. At $149.95 monthly, this is an ideal plan for those who are more invested 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 a library of more than 7,000 instructional videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Profitly Gden
The Superman Alerts plan is an package of vital features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket as well as the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base that is provided by Superman himself, via his Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. On top of that you’ll also have an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to help you up and running. The platform has three membership levels, each designed for traders of different levels. Let’s take a look at what these three levels are and what they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. As you sign to this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat process in and of itself.
Some of the features you can accomplish using 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 messaging your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze, sort, as well as filter trades; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per month. Although it might look appealing simply because of the price, there is a downside. You aren’t able to create a personal profile, thus making your actions public. If you’re looking to get access to this feature, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows users to benefit from the majority of features available in The Novice package. It is in this plan that you can set up an individual profile that allows you to share with fellow associates all your insights and knowledge you gain from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to harness their skills in trading. As nice as it seems however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you won’t be able view the statistics of other traders, which could be a problem for some who may be anticipating this level. Profitly Gden
The Professional plan can be described as the most expensive plan Profit.ly offers to experienced traders. At $74.95 each month with a 22% discount when billed annually the Pro plan has it all. It gives you full, unlimited access to all the features of the previous plans combined.
In addition, you’ll be able to see other users’ stats, but you’re also given the chance to create a private profile. Both of these features, in addition to the advantages that you can utilize to their fullest capacity. If you’re looking for an account that will give you everything you need as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly has a few other services they offer. One of those is its online store, which lets users select from a variety of instructional videos that are designed to inform and help you understand the ins and outs of trading. Each of the offerings listed in this section of the website can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other related to trading, videos and clips from events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of features and services. You’re probably familiar with the chat room as you can find it throughout messaging and social platforms, and also on a few specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a hands-on space where experts and their members trade and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members. One might be laid back and less active, while another may be more interactive and online in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock trader types, from novices to experienced professionals. With the variety of deals it has to offer it is certain to have something for all.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational content offered throughout the platform. They will also be provided with videos every week and chat room tips from its in-house gurus and their members. They’ll also be able to choose from the items in its online store that they can take with them wherever they go. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll realize that trading is a high stakes game that shouldn’t be treated as a joke.
For those traders who have had many years of experience down the line, we believe Profit.ly as equally as suitable to those who are just starting. Although the novices might not be as proficient in dealing with trading issues, the pros already understand how it works along with the plethora of risks that come with it. It is ideal to use Profit.ly’s array of features to their full advantage to develop their trading abilities. Like beginners, they can learn from the experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the fun! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders as a way to navigate them through the ever-changing trading process. Profitly Gden
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with a wealth of education, communication, and trading tools
- You’ll receive excellent training and tips from the inside experts, as well as libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There is truly something for everyone
- Profit.ly’s abundance of packages and products offered may seem overwhelming for most of its users
- If traders decide to post any kind of trade, there is an opportunity that some them will profit by cherry-picking the best 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 immediately benefit from the many services that the platform can offer
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The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always meant to be designed to achieve this goal. Instead, you need to have an open mind. Profitly Gden
What we are referring to”yes” is that it could be a useful learning tool. People who are stuck might discover Profit.ly’s array of resources helpful as they do their best to avoid losses and be more successful than they did before. It’s not only the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely care about being a better trader and want to learn from your mentors and peers on the way, look no further – Profit.ly could be a good option to begin.
FAQ Profitly Gden
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has an entry section for trades under the ‘My Trade section of the dashboard that lets you post your trades, either verified or not. There are three choices:
- Linking your account with your broker of choice and import trades directly from there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is evident by the small blue check. If you submit it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unverified 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, 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 for download on the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just trying to maximize profits but also help each other learn and improve in acquiring opportunities on the stock market left and right.