Stock trading is an exciting game with high stakes. On some days, you could be reaping the benefits of pleasing and positive numbers. On other days you may experience the opposite and it can be extremely difficult to return to where you were your peak. If you’re constantly stuck in the gutter You will need to recognize that relying on your instincts and preserving might not be enough.
If you’ve suffered loss from time to time You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve found a platform that can support you in your improvement in the industry. This review will 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 Or Supertrades
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of different levels to be knowledgeable and accountable, as well as transparent and to build relationships with each other through its broad array of tools and features like trade verification, chat rooms and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for those who are starting out and as a hub for experienced traders to track their performance using the aid of cutting-edge analytics tools. Providing users with a wide variety of tools to facilitate trade and communication, it helps traders from every field of business connect with one another. It also allows gurus to make worthwhile investments within the confines that the site. Think of it as the social media equivalent to Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are authentic and won’t accept fake news as long as possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes declared that Profit.ly was based “on the transparency of every trade, something that was never previously done.” This 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 secondly) allowing anyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Profitly Or Supertrades
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of features and services aimed towards achieving success. You can create an account there for free, but you’re limited to the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s offers, which we will review in the coming days.
Making an account simple: Create a profile with your experiences and expertise, connect your brokerage account, and you’ll have an opportunity to make your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users an insight into how the community of traders performs and its gurus. It’s not just a way to demonstrate that you’re worthy to the community of traders, but you can also utilize Profit.ly to buy from a guru with the confidence that you are confident with their expertise and the legitimacy of their assertions.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you can opt to post your trades, verified or otherwise, through screenshots. Also included in Profit.ly are a variety of trading classes, the ability to view the stats of a trader’s account, and more ways to connect with your gurus through the chatroom along with text and e-mail alerts and updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for less than $5 per share. Penny stock trading could be viewed as a stepping stone for small-scale businesses to make the transition to a market that is larger as they can access funds from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes can surely tell through his many years of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, earned an estimated $6 million earnings during his long and successful career as trading professional. At the age of 25 Tim Sykes had received greater exposure and an even wider reach of influence when he became part of the reality series “Wall Street Warriors.” He then used the opportunity to develop trading rooms, penny stock themes, and educational material aimed at people who are brand new to trading. He also helped establish Profit.ly as a place for transparency, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the trading experts who have made substantial profits through their years of knowledge. Profitly Or Supertrades
At its height, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you’ll be able to see him focus on the basic stock catalysts and employ them to anticipate the next possible moves in 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 version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month this is the perfect plan for investors who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features of prior plans, including swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos, with new ones released each week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly Or Supertrades
The Superman Alerts plan is an offering of essential features and alerts on trading geared to those 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 application, daily market commentary in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base that is provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. In addition you’ll also gain an access to high-quality research papers as well as the IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to help you started. The platform has three membership tiers that cater to traders at different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. Once you have signed up for this package, you will be immediately offered a range of strong and vital trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can do with Profit.ly’s Novice package is the ability to verify trades and track profits; leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. It also allows you to be on leaderboards, analyze your trades, sort or filter the trades you make; and, lastly, view other’s stats.
The Novice plan is $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, which makes your actions public. If you’re looking to get the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader package lets users to benefit from the majority of features available in the Novice plan. This plan allows that you can create a private profile to share with other associate users all the insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to harness their trading skills. As nice as it seems, there is one significant element that’s missing. Unlike the previous Novice package, you will not be able view other traders’ statistics that might be a drawback for those who are eager to try this new tier. Profitly Or Supertrades
The Pro plan is the most expensive plan Profit.ly could offer for seasoned traders. With $74.95 per month, with an additional 22% discount for annual billing, this tier has it all. You will have full, unrestricted access to all the features of the previous plans combined.
You’re not only able to view other people’s stats and data, but you also have the opportunity to create an individual profile. These two features are plus the other 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
In addition to the tools for training and leaderboards, Profit.ly provides a variety of additional services that it can provide. One of them is the online store, which allows users to select from a variety of videos created to guide you through the ins and outs of trading. The products listed in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and all other things trading-related, clips and clips taken from events like the Annual Pennystocking Conference, and products from other expert traders.
The chat rooms that are integrated are as well part of Profit.ly’s range of services and features. You are probably familiar with the chat room as you can find it throughout social and messaging platforms as well as some specialty websites that provide live chat assistance. But in Profit.ly, it is seen as a real-time space where experts and their members trade and exchange knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the listed members there. Some may be a laid-back person who is less engaged, while another could be more interactive and online to their pupils. Think of chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock traders, ranging from beginners to experienced pros. With the variety of deals it can provide, the platform surely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. Not only will they be enriched with weekly videos and chat room advice by its internal gurus as well as their members. They’ll also be able to select from the products on its store online to carry with them wherever they travel. They can also gain hands-on experience trading on the platform, but ultimately they’ll realize that trading is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we believe Profit.ly equally suitable to them as those who are just starting. While the newbies may not be as well-equipped with handling trading matters however, experienced traders know how it works and the risky mix that it carries. Ideally, they may make use of Profit.ly’s range of features to their best advantage to develop their trading abilities. Like beginners, they can learn from the experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the excitement! People in the trade industry who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders in order to guide them through the ever-illustrious trading process. Profitly Or Supertrades
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with tons of learning, communication, and trading tools
- You’ll receive excellent training and tips from the in-house gurus, including libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its main capabilities, 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 diverse range of subscription levels and guru packages are priced at affordable rates There is truly something for all
- Profit.ly’s bountiful stream of packages and products offered may not be enough for the majority of its customers
- If traders decide to open any kind of trade, there is the possibility that some of them may take advantage by picking the most profitable trades to boost their rating – this may be a concern that should not be overlooked.
- Profit.ly does not offer refunds because its premium users are expected to immediately benefit from the number of services the platform has to provide
The Final Verdict: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it would be yes. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally designed to be used in this way. Instead, it is best to keep the ability to think with an open heart. Profitly Or Supertrades
What we are referring to”yes” is it can be a great learning tool. For those who are struggling, they could discover Profit.ly’s variety of resources helpful in their efforts to incur lesser loss and perform better than they did before. Not only poor traders that can benefit from this platform. It is able to accommodate novices and even experts in the field!
If you truly desire to be better at trading and wish to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profitly Or Supertrades
How can you make use of Profit.ly to publish your trades?
Profit.ly has an entry section for trades within the My Trade’ category of the dashboard which lets you record 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 inputting your trades with provided spaces and specifics
- Send a screen shot of your transactions
How do I know whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there’s the probability that it’s verifiable. This is shown by the blue check mark. If you submit it manually or through screenshots, it will automatically be assigned as unverified.
The downside of having an unauthentic trade is the chance of receiving negative feedback from colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Are the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly is currently home to over 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.