Stock trading is an exciting game with high stakes. Some days, you could be reaping the benefits of pleasing and positive numbers. On other days, however you may experience the opposite and it could be extremely difficult to get back to where you were your best. If you’re always in the mud it is important to realize that relying on instinct and survival may not always be enough.
If you’ve experienced losses from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the world, which is why we’ve identified an option that can help you in your growth in the industry. This review will be taking a 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.
Overall Rating: 4.1/5 Profitly Nathan Mahaud
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of different levels to be informed responsible, transparent, and uplifting with one another through its wide variety of tools and features such as chat rooms, trade verification as well as an extensive library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for people who are starting out and also as a platform for traders who are experienced to monitor their performance with the help of advanced analytics tools. It provides users with a vast array of options for trade and communication, it helps traders from all walks of life connect with one another. It gives the gurus an opportunity to invest in the right areas of the platform. Imagine it as a social media site akin the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the trades are valid and won’t allow for fraud as much as is humanly possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never prior to.” The idea Sykes said served two goals: 1.) creating public track records for everyone, not just the experts as well as students and newsletter writers, and 2) giving all users to be enlightened by both losses and wins to benefit the industry of trading. Profitly Nathan Mahaud
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of services and features geared toward achievement. You may set up an account there at no cost, however you’re only given the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s offerings, which we will review in the coming days.
Making an account easy: create a profile with your experiences and expertise, connect to your brokerage account and you have yourself the chance to climb through the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a glimpse of how the community of traders performs as well as its gurus. It’s not only a chance to prove your worth to a large group of traders. You can also utilize Profit.ly to buy with a professional with the assurance that you’re comfortable in their skills and the veracity of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, then you could opt to post your trades, whether verified or not, by taking photographs. Included in Profit.ly is the huge selection of trading courses as well as the ability to look at stats in a trader’s profile, and more ways to communicate with your gurus through the chatroom 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 trading guru who is well-known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock which trades at less than $5 per share. The trading of penny stocks is a stepping stone for small companies to move into a larger market because they can access money from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes is sure to reveal thanks to his years of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, made an estimated $6 million profit through his lengthy career as a trader. When he was 25 years old Sykes was given greater exposure and a larger reach of influence when he became part of the reality TV show “Wall Street Warriors.” He then made use of the show to create trading rooms as well as 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 place of transparency, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the experts in trading who have made substantial amounts of money from their combined years of experience. Profitly Nathan Mahaud
At its height, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on the platform: Founder and 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 Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll observe him focus on fundamental catalysts for stocks and utilize them to predict the next moves that could occur when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS and Android devices, email, text, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. At $149.95 for a month it is a great option for those who are invested in penny stock trading. Pennystocking Silver includes all the basic features found in the previous plan, which includes swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos and new videos released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Nathan Mahaud
The Superman Alerts package is his package of vital features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile app, the daily market updates in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base that is provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. Additionally you’ll also gain access to premium research reports as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of tools to get you going. The platform offers three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
This package for novices 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 plan, you will be immediately provided with a variety of powerful and vital trading tools, each of them integral in keeping your fingers on what we can describe as a cutthroat procedure in its own.
The list of features you can do using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit as well as leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re interested in gain an account with this option, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader plan allows users to benefit from the majority of features available in The Novice package. It is in this plan that you can create a private profile for sharing with fellow associate users all your knowledge and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to develop their trading skills. While it’s nice, there is one significant element that’s missing. As opposed to the prior Novice package, this one won’t be able to see other traders’ stats that could be a disadvantage for some who may be eager to try this new tier. Profitly Nathan Mahaud
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. With $74.95 monthly, which includes 22% off when billed annually the Pro plan has everything. You will have full, unrestricted access to all the features of the prior plans.
You’re not only able to look at other people’s statistics and data, but you also have the chance to create your own private profile. These two features are plus the other benefits that you can use to their fullest capacity. If you’re in search of an account that will give all the features you need to be trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly provides a variety of more services it has to provide. One of them is the online store, which lets users pick from a range of videos that are designed to educate and guide you through the nuances and pitfalls of trading. All of the products featured in this section of the website is available to be immediately purchased for personal use. These include best-selling products such as the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other aspects of trading. There are also clips and footage taken from the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You are probably familiar with chat rooms since you will see it on messaging and social platforms, in addition to a few special websites that offer live chat support. But on Profit.ly the chat room is viewed as a real-time area where experts and member traders can communicate and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members. One of them may be more laid back and not very often active, while another may be more online and communicative in their interactions with students. Think of chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock traders, from novices to the most experienced. Considering the number of offers it has to offer it is certain to have something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. They’ll also be able to choose from the items on its store online for them to take wherever they go. Additionally, they can gain practical experiences by trading through the platform, but eventually, they will soon learn that trading is a high-stakes game that shouldn’t be treated as an amusing pastime.
For traders who have many years of experience down the line, we believe Profit.ly as equally as suitable to them as the newcomers. Although the novices might not be as well-equipped with handling trading matters but the experts already know the way it functions and the stack full of risks that come with it. Ideally, they may use Profit.ly’s array of features to their best advantage to enhance their trading abilities. As beginners, they are able to learn from the top experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Verified experts can also join in the excitement! Those in the trading industry who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others in order to guide them through the ever-illustrious trading process. Profitly Nathan Mahaud
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders from all over the world with tons of learning, communication, and trading tools
- You’ll be provided with excellent lessons and advice from the company’s inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and dependable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking images
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There’s something for everyone
- Profit.ly’s numerous packages and services offered could not be enough for most of its users
- If traders decide to post any kind of trade, there’s the possibility that some of them will profit by selecting the best trades in order to improve their ratings This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds as its premium users are expected to instantly benefit from the number of services that the platform can offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could 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 wasn’t originally intended to be created to achieve this goal. Instead, you should have curiosity. Profitly Nathan Mahaud
What we do mean”yes” is it can be a great learning tool. Those who may be stuck might find Profit.ly’s range of resources helpful in their efforts to incur lesser losses and perform better than before. Not only struggling traders that will profit from the platform. It can accommodate beginners and even experts!
If you really desire to be a better trader and want to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Profitly Nathan Mahaud
How can you make use of Profit.ly to publish your trades?
Profit.ly offers an entry section for trades within the “My Trade section of the dashboard which lets you record your trades, verifiable or otherwise. There are three options:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your trades
How do I know if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there is an excellent probability that it’s verifiable. This is indicated with the blue check mark. If you submit it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unverified trade is the possibility of getting downvotes from your friends and colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just looking to earn maximum profits but also to help one another learn and improve in acquiring stock market opportunities all over the world.