The stock market can be an exciting game with high stakes. Some days, you might be reaping the benefits of positive and satisfying numbers. On other days it could be the reverse and it could be extremely difficult to get back to the point you were at your most productive. If you are immersed in the water, you will have be aware that relying solely on instinct and survival may not always be enough.
If you’ve experienced occasional losses and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need an important boost from fellow traders from around the world, which is why we’ve identified a platform that can support you in your improvement within the field. This review will be taking a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profitly Robinhood
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of all levels to be knowledgeable responsible, transparent, and encouraging one another through its wide range of features and tools such as trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for those who are starting out and also as a platform for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Providing users with a wide variety of tools for trade and communication that help traders from all walks of life network with each other. It offers gurus with worthwhile investments within the confines that the site. Think of it as the social media equivalent to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes publication, Sykes stated that Profit.ly was based “on showing all trades, something that was never prior to.” This idea Sykes said served two purposes: 1) creating public track records for all traders, not just the gurus and students and newsletter writers, and 2) making it possible for anyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Profitly Robinhood
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of tools and services that are geared toward achievement. It is possible to create an account at no cost, however you’re only given the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s offerings, which we will review in the coming days.
The process of opening an account is easy: create an account with your experience and skills, join to your brokerage account and you’ll have the chance to climb your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users a glimpse of the performance of the trading community and its experts. It’s not only a chance to show your worth to a large group of traders. You can also use Profit.ly to buy with a guru, and have the assurance that you’re confident with their expertise and the veracity of their claims.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you may decide to share your trades, either verified or not, via pictures. Included in Profit.ly is the huge selection of trading classes as well as the ability to look at stats in a trader’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 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 penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for less than $5 per share. The penny stock market is an opportunity for small businesses to transition to a large marketplace as it gives them access to funds from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes is sure to reveal thanks to his years of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in earnings through his lengthy career as trader. At 25 years old Tim Sykes had received greater exposure and an even wider influence over time as a participant in the reality TV show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms and penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped to establish 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 educational sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have proven to make significant amounts of profit through their years of knowledge. Profitly Robinhood
At its height, Profit.ly had housed up to five gurus, all of them a pro in their niche within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS and Android devices, as well as text, e-mail, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. At $149.95 per month, it is the perfect plan for investors who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features found in the previous plan, which includes swing trading alerts as well as 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 swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Profitly Robinhood
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared to those interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist as well as the mobile application, daily market commentary in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge provided by Superman himself via the Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. Additionally you’ll also gain the ability to access premium reports on research and the IPO as well as earnings tracking tool.
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 tools to get you up and running. Profit.ly offers three membership tiers that cater to traders of different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. As you sign to this plan you’ll be given a slew of robust and essential trading tools, each one of them essential in keeping your fingers on what we call a competitive process in and of itself.
The list of features you can do with Profit.ly’s Novice program is the ability to confirm trades and track profits as well as leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze, sort, and filter your trades; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. You can’t create a private profile, which makes your activities publicly available. If you do want to gain the benefit of this service, stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows you to take advantage of the majority of features available in the novice plan. This plan allows that you can set up a private profile to share with other associate users all your knowledge and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to harness their skills in trading. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, this one won’t be able to view the statistics of other traders that could be a problem for some who may be anticipating this level. Profitly Robinhood
Pro Plan
This is by far the highest premium package that Profit.ly offers to experienced traders. At $74.95 monthly, which includes 22% off when billed annually the Pro plan has it all. It gives you full, unlimited access to all the features from the two previous plans combined.
You’re not only able to view other people’s stats, but you’re also given the option of creating your own private profile. These two features are plus the other benefits that you can use to their fullest capacity. If you’re looking for an option that gives you everything you need as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly has a few other services they provide. One of them is the online store, which lets users choose from a wide array of videos that are designed to educate and guide you through the nuances and pitfalls of trading. The products listed in this section of the site can be immediately purchased for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other things trading-related, clips and clips taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s range of features and services. You may be familiar with the concept of the chat room since you can see it across social and messaging platforms, and also on a few specialty websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a real-time area where experts and members trade and exchange knowledge 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 active, while another might be more active and in touch to their pupils. Think of the chatrooms as Profit.ly’s version of a forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock trader types, from novices to the most experienced. Considering the number of offers it offers, the platform surely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. In addition, they will be provided with videos every week and chat room advice from its in-house gurus and their members. They’ll also be able choose from the items from its online store that they can take with them wherever they be. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that the process is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For traders who have many years of experience down the road, we consider Profit.ly equally suitable for them as it is for people who are just beginning. While novice traders may not be as adept at managing trading, the pros already understand how it works along with the plethora of risks that it carries. Ideally, they may utilize Profit.ly’s variety of features to their full advantage to improve their trading abilities. Like beginners, they can learn from the top experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the excitement! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to navigate them through the ever-changing trading process. Profitly Robinhood
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform enable traders from all over the world with a wealth of education, communication, and trading tools
- You will be provided with excellent lessons and tips from the internal experts, which include libraries of educational videos and trading in real-time.
- 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 platform’s leaderboard feature gives 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 extra options that can be tailored to their preferences, such as posting unverifiable trades through images
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for a lot of its users
- If traders decide to make any type of trade, there is a possibility that some of them may take advantage by cherry-picking the best trades to increase the rating – this may be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds because the premium customers are expected to instantly benefit from the number of services that the platform can provide
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The Final Verdict: Is Profit.ly worth it?
If we could think of an appropriate answer for this query, it would be an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t meant to be designed to achieve this goal. Instead, it is best to keep an open mind. Profitly Robinhood
What we are referring to by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they could be able to find Profit.ly’s variety of resources useful when they try their best to incur lesser losses and be more successful than before. It’s not just the poor traders that can profit from the platform. It is able to accommodate novices and even experts!
If you truly care about being more successful in trading and would like to learn from your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Profitly Robinhood
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion under the “My Trade section of the dashboard that lets you post your trades that are verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s the probability that it’s verifiable. This is evident by the blue check mark. If you upload it manually or through screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most functioning 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 trying to maximize profits but also help each other learn and improve in acquiring stock market opportunities left and right.
