Stock trading can be an extremely risky game. On some days, you might be reaping the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen and it could be extremely difficult to get back to where you were your peak. If you find yourself always in the mud, you will have to realize that relying on your instincts and preserving is not always enough.
If you’ve experienced loss from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the globe. That’s why we’ve found an option that can help you to improve your performance in the industry. In this review, we’ll take an in-depth look at Profit.ly is a well-known 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 Matt Monaco
User Experience: 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be informed responsible, transparent, and uplifting with each other through its broad array of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for those who are starting out and also as a platform for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. Offering users a broad variety of tools for trade and communication, it helps traders from all walks of life network with one another. It also allows gurus to make worthwhile investments within the confines that the site. Consider it a social media site akin the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the transactions are legitimate and will not allow for fraud as much as possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of all trades, something that was never done before.” The idea was, he said, serving two purposes: 1) making public records for all traders, not just the gurus and newsletter authors and students, and 2) making it possible for everyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Profitly Matt Monaco
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of services and features geared towards achieving 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 observe the activities of people who aren’t gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time it is necessary to subscribe to any of Profit.ly’s deals, which we will go over shortly.
Setting up an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you’ll be given the chance to climb your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a glimpse of the performance of the trading community as well as its experts. It’s not just a way to prove value to a group of traders, but you are also able to use Profit.ly to purchase with a professional with the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can opt to post your trades, either verified or not, by taking pictures. Also included in Profit.ly are the vast number of trading classes and the capability to see stats in a trader’s profile as well as other ways to connect with your gurus through the chatroom in addition to email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in the penny-stock market. According to Investopedia the term “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-scale businesses to make the transition into a larger market because it gives them access to funds from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes is sure to reveal through his many years of expertise.
From his beginnings in the latter years of High School, Tim Sykes has, since then, earned an estimated $6 million profits during his long and successful career as trading professional. At 25 years old, he had been given greater exposure and a larger impact when he became part of the reality series “Wall Street Warriors.” Then, he took advantage of it to create trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a platform for transparency, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning tools, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to the trading experts who have earned significant amounts of profit from their combined years of knowledge. Profitly Matt Monaco
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of 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, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll see him focus on the fundamental stock catalysts and use them to forecast the next move that is possible when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS and Android devices; texts, emails, 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 program. Priced at $149.95 monthly, this is the perfect plan for those who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in the previous plan, including swing trading alerts and unlimited access to a library of over 7,000 educational videos and new videos 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 professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Profitly Matt Monaco
The Superman Alerts plan is his package of vital features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile application, daily market updates in real time, and SMS and e-mail alerts.
In “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 through Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. On top of that, you’ll also get an access to high-quality research papers as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the online trading community and make a mark on the industry, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s look at what the three levels are and what they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. As you sign up for this package, you will be immediately provided with a variety of powerful and vital trading tools, each one of them essential in keeping your fingers on what we call a competitive process by itself.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to confirm trades and track profits as well as leading, following and even texting other traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study, sort, or filter the trades you make and, finally, see other’s stats.
The Novice plan costs $29.95 per month. While it may look attractive just by the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your personal information public. If you’re interested in get the benefit of this service, keep an eye on us as we present 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 plan. This plan allows that you are able to create an account that is private for sharing with fellow associate users all the insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to improve their skills in trading. As nice as it seems however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you won’t be able to see other traders’ stats that might be a drawback for those who are anticipating this level. Profitly Matt Monaco
This is by far the highest premium package that Profit.ly can offer to experienced traders. With $74.95 each month and 22% off for billing annually This plan offers it all. You will have full, unrestricted access to all features of the previous plans combined.
Not only do you get to view other people’s stats and data, but you also have the chance to create a private profile. Both of these features, on top of all the benefits that you can use to their fullest capacity. If you’re looking for a plan that can serve you everything you need as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly has a few additional services that it can provide. One of them is the online store, which allows users to pick from a range of videos designed to inform and help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and other things trading-related, clips and clips from events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of services and features. You may be familiar with the concept of chat rooms since you will see it on social and messaging platforms and also on a few specialty websites that offer live chat support. However, in Profit.ly it’s seen as a space where experts and their members can interact and learn in real time. Every guru has their own style in operating their chat room and dealing with the members. One of them may be a laid-back person who is not very often engaged, while another could be more online and communicative with their students. Consider chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock trader types, from novices to experienced professionals. Given the wide range of options it offers this platform definitely has something for every person.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week and chat room tips from the in-house experts as well as their members. Additionally, they can select from the products from its online store that they can take with them wherever they may go. You can also get hands-on experiences by trading through the platform, however they’ll realize that trading 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 road, we consider Profit.ly as equally as suitable to the newcomers. While the newbies may not be as adept at handling trading matters however, experienced traders know how it works and the plethora of risks associated with it. It is ideal to use Profit.ly’s range of features to their best advantage to improve their skills in trading. Like beginners, they can study from the gurus and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the fun! People in the trade industry who are at the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders as a way to assist them in the ever-changing trading process. Profitly Matt Monaco
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You’ll be taught by experts and tips from the in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost – there truly is something for every person
- Profit.ly’s abundance of packages and products offered may not be enough for a lot of its users
- As traders may opt to open any kind of trade, there’s an opportunity that some them will profit by picking the most profitable trades to increase the rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds as the premium customers are expected to immediately benefit from the number of features the platform is able to provide
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it’s a ‘yes’. But it is important to realize that the platform should not be used as a get-rich-quick scheme. The platform was not always intended to be created in this way. Instead, it is best to keep the ability to think with an open heart. Profitly Matt Monaco
What we mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they might be able to find Profit.ly’s variety of resources useful as they do their best to reduce losses and perform better than before. It’s not only the struggling traders who will benefit from the 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 fellows and gurus along the way, then look no further – Profit.ly could be a good option to begin.
FAQ Profitly Matt Monaco
How can you make use of Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries in the ‘My Trade’ category of the dashboard which lets you record your trades, either verified or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
How can I tell if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is shown by the small blue check. If you submit it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The drawback of posting an unverified trade is the chance of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are currently connected to 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 assist each other to develop and grow in their ability to take advantage of stock market opportunities both right and left.