Stock trading can be an exciting game with high stakes. Some days, you might enjoy the benefits of positive and satisfactory numbers. On other days it could be the reverse and it can be very difficult to get back to where you were your best. If you find yourself always in the mud it is important to realize that relying on your instincts and preserving might not be enough.
If you’ve suffered losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the world, which is why we’ve identified a platform that can support you to improve your performance in the industry. This review will take an in-depth look at Profit.ly, a well-recognized single-stop social platform to trade!
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 Ratio
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of all levels to be informative and accountable, as well as transparent and to build relationships with each other through its broad range of features and tools like chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for people 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 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 each other. It also allows gurus to make an opportunity to invest in the right areas of the platform. Consider it a social media site akin like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it makes sure that transactions are legitimate and will not accept fake news as long as possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of all trades, something that was never previously done.” The idea Sykes said served two goals: 1.) keeping track of public data for all traders, not just the gurus and students and newsletter writers as well as) allowing all users to gain insight into both the wins and losses for the trading industry’s benefit. Profitly Ratio
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of services and features geared toward success. You can create an account on the site for free, but you’re only limited to having access to the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out which stocks the gurus 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 simple: 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 leaderboard feature, as we’ve mentioned earlier was designed to offer its users a glimpse of how the community of traders performs and its gurus. It’s not just a way to show that you’re worthy to the large group of traders. You can also use Profit.ly to purchase from a guru with the assurance that you’re confident in their skills and the legitimacy of their claims.
If you feel uneasy with the concept of leaking your brokerage account, you can choose to publish your trades, whether verified or not, via photographs. In Profit.ly are the vast number of trading classes and the capability to see statistics on a person’s profile and other methods to communicate with your gurus in the chatroom, in addition to text and e-mail alerts and updates.
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Meet 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 refers to a small company’s stock that trades for less than $5 per share. The penny stock market could be viewed as an avenue for small-scale businesses to make the transition to a market that is larger as it gives them access to money from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell because of his decades of experience.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as a trader. At 25 years old Sykes was given greater exposure and a larger influence over time when he became part of the reality series “Wall Street Warriors.” He used the opportunity to establish trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place for openness, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational tools, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the experts in trading who have made substantial profits from their combined years of expertise. Profitly Ratio
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their niche within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll 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 that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when making trades.
A purchase on its own from 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; email, text and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. It costs $149.95 monthly, it is an ideal plan for investors who are committed to the penny-stock market. Pennystocking Silver includes all the basic features of the previous plan, including swing trading alerts and unlimited access to a library of over 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “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 the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Ratio
The Superman Alerts package is his offer of the most essential features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile app, the daily market updates in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge of information provided by Superman himself through the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of other previous ones. In addition you’ll also have an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly plans and costs
If you’re looking to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of tools to get you started. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. As you sign up for this package, you will be immediately given a slew of robust and vital trading tools, all of them integral in keeping your hands on what we call a competitive procedure in its own.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to verify the results of your trades and track profit and follow-up, leading and even texting other traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze, sort, as well as filter trades; and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. You can’t create a private account, making your personal information public. If you’re interested in have the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader plan allows you to take advantage of a majority of features from the Novice plan. This plan allows that you can create a private profile for sharing with fellow associates all your insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to develop their expertise in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. As opposed to the prior Novice package, this one won’t be able to see other traders’ statistics, which could be a problem for those who are eager to try this new tier. Profitly Ratio
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 monthly, with an additional 22% discount for annual billing, this tier has everything. It gives you full, unlimited access to all features of the previous plans.
Not only do you get to look at other people’s statistics and data, but you also have the chance to create a private profile. These two features are plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of an account that will give you with everything you require as trader with experience, the Pro plan is the right choice 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 those is its online store, which allows users to pick from a range of instructional videos that are created to provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and other things trading-related, clips and footage of events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s range of services and features. You are probably familiar with the chat room since you can see it across messaging and social platforms, as well as some specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a real-time space where experts and their members trade and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the listed members there. Some may be laid back and less engaged, while another could be more active and in touch with their students. Consider chatrooms as Profit.ly’s version of the forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, ranging from beginners to experienced pros. Given the wide range of options it can provide, the platform surely has something for all.
For instance, newbies will appreciate Profit.ly’s collection of educational materials available across the platform. Not only will they get daily videos and chat room advice from its in-house gurus as well as their members. Additionally, they can select from the products in its online store that they can take with them wherever they be. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll be able to realize that trading is a high-stakes game that shouldn’t be treated as an amusing pastime.
For traders who have years of exposure down the line, we believe Profit.ly as equally as suitable to people who are just beginning. While the newbies may not be as well-equipped with dealing with trading issues however, experienced traders know the way it functions and the risky mix that it carries. In the ideal scenario, they can use Profit.ly’s array of options to their maximum advantage to enhance their trading abilities. Like beginners, they can learn from the experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the enjoyment! Trade professionals who are on the same level as Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others in order to navigate them through the ever-changing trading process. Profitly Ratio
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You will receive excellent training and insights from its inside experts, as well as libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as other traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There is truly something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and products offered may be too much for the majority of its customers
- Since traders can choose to open any kind of trade, there’s a possibility that some of them could profit from picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds as the premium customers will immediately take advantage of the numerous services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we were able to come up with the answer, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally intended to be created for this reason. Instead, you should have curiosity. Profitly Ratio
What we do mean by ‘yes’ is that it could be a useful learning tool. People who are stuck may discover Profit.ly’s range of resources useful when they try their best to incur lesser losses and be more successful than before. It’s not only the struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly desire to be a better trader and want to learn from your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Profitly Ratio
How do you use Profit.ly to post your trades?
Profit.ly includes a trade entry portion in the My Trade’ category of the dashboard which lets you post your trades, either verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your trades
How do I know whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there is a high probability that it’s verifiable. This is shown by the small blue check. If you upload it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving downvotes from fellow peers. Too many downvotes may cause you to show up on the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Are 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 on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just trying to maximize profits but also help each other grow and learn more about acquiring stock market opportunities left and right.
