Stock trading is a high-stakes game. Some days, you may have the benefit of positive and satisfying 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 constantly stuck in the gutter, you will have to recognize that relying on pure instinct and preservation may not always be enough.
If you’ve suffered losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe. That’s why we’ve found an online platform that will help you in your growth within the field. This review will be taking the time to look at Profit.ly is a well-known all-in-one 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.
Overall Rating: 4.1/5 Profitly Sean Lacap
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that permits traders of all levels to be informative, transparent, accountable, and to build relationships with one another through its wide range of features and tools such as chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for people who are just beginning their journey and as a hub for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Offering users a broad array of options for trade and communication that help traders from all walks of life network with one another. It also allows gurus to make worthwhile investments within the confines of the platform. Think of it as an online social media platform similar like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are authentic and won’t accept fake news as long as is humanly possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that was never previously done.” This idea Sykes said served two objectives: one) keeping track of public data for not just the gurus as well as newsletter writers and students as well as) giving all users to learn from the losses and wins to the benefit of the trading industry. Profitly Sean Lacap
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of services and features geared towards achieving achievement. It is possible to create an account on the site at no cost, however you’re only limited to having access to the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time You’ll 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 simple: Create an account with your experience and expertise, connect to your brokerage account, and you have yourself a chance to shoot your way to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a look at their performance as a trading group and its gurus. You’re not just allowed to prove that you’re worthy to the large group of traders, as you are also able to use Profit.ly to buy with a guru, and have the assurance that you’re confident of their knowledge and the credibility of their assertions.
If you are unsure about the idea of sharing your brokerage account, then you could decide to share your trades, either verified or not, by taking screenshots. Also included in Profit.ly are a variety of trading classes as well as the ability to look at stats in a trader’s profile, and more ways to connect with your gurus through the chatroom along with 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 is well-known for his efforts in penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. The trading of penny stocks can be seen as a stepping stone for small businesses to transition to a large marketplace as it gives them access to funds from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes can surely tell because of his decades of expertise.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, made more than $6 million in earnings through his lengthy career as trading professional. When he was 25 years old Sykes was given more exposure and a wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” He then made use of the show to establish trading rooms and penny stock themes and educational content geared toward people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place for transparency and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have earned significant amounts of profit through their years of expertise. Profitly Sean Lacap
At its height, Profit.ly had housed up to five gurus, all 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 as well as a handful of others. As of this writing, there are only two gurus who remain on the platform: the 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 the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS as well as Android devices, as well as email, text and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. It costs $149.95 per month, this is an ideal plan for those who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features found in the previous plan, including swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for 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 total trading profits. Profitly Sean Lacap
The Superman Alerts package is his offer of the most essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist as well as the mobile application, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base of information provided by Superman himself through his Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. On top of that you’ll also have access to premium research reports and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet 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 with different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. When you sign up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, all 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 accomplish with Profit.ly’s Novice program is the ability to confirm trades and track profits and follow-up, leading, and even messaging your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards; analyze your trades, sort as well as filter trades and lastly, look at other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing just by the price, there is a downside. It isn’t possible to create a private profile, which makes your activities publicly available. If you do want to get access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader package allows you to take advantage of a majority of features from The Novice package. In this plan, that you are able to create an individual profile that allows you to share 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 caters to those who desire to improve their expertise in trading. While it’s nice but there’s one important aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to see the statistics of other traders, which could be a disadvantage for those who are anticipating this level. Profitly Sean Lacap
The Professional plan can be described as the most expensive plan Profit.ly can offer to experienced traders. It costs $74.95 monthly, which includes a 22% discount when billed annually the Pro plan has everything. You get full, no-holds-barred access to all features from the two previous plans combined.
You’re not only able to see other users’ stats as well, you’re also offered the option of creating your own private profile. Both of these features, in addition to the benefits that you can use to the fullest potential. If you’re looking for an account that will give all the features you need to be trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly offers a number of additional services that it can provide. One of them is the online store, which allows users to choose from a wide array of video products 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 site can be purchased immediately for personal use. Some of these include bestsellers like the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and other related to trading, videos and footage from events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of services and features. You are probably familiar with the concept of chat rooms since you can see it across messaging and social platforms, and also on a few specialty websites that offer live chat support. But on Profit.ly the chat room is viewed as a real-time place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members there. One might be more laid back and rarely engaged, while another could be more interactive and online with their students. Consider chat rooms like Profit.ly’s version of the forum in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock trader types, from beginners to experienced pros. With the variety of deals it has to offer, the platform surely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. In addition, they will get daily videos and chat room advice from its in-house gurus and members. They’ll also be able to pick from the merchandise available in its online store that they can take with them wherever they go. Additionally, they can gain practical experiences from trading within the platform, however they’ll realize that this is a high-stakes game that should not be viewed as an amusing pastime.
For traders who have decades of experience in the line, we believe Profit.ly equally suited for them as it is for the newcomers. While the newbies may not be as well-equipped with managing trading, the pros already understand how it works along with the risky mix that come with it. It is ideal to make use of Profit.ly’s variety of features to their full advantage to enhance their skills in trading. Like beginners, they can learn from the top experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to navigate them through the ever-changing trading process. Profitly Sean Lacap
Profit.ly’s Pros and Pros and
- 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 will be provided with excellent lessons and insights from its in-house gurus, including libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to 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 a reasonable cost There’s something for all
- Profit.ly’s abundance of products and packages offered might not be enough for a lot of its customers
- If traders decide to open any kind of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to improve their ratings this could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds because its premium users are expected to instantly benefit from the number of features the platform is able to offer
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The Final Verdict: Is Profit.ly worth it?
If we were able to come up with the answer, it’s yes. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform was not always meant to be designed in this way. Instead, you should have curiosity. Profitly Sean Lacap
What we mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck may discover Profit.ly’s array of resources to be helpful in their efforts to incur lesser losses and perform better than they did before. Not only struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely desire to be better at trading and wish to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profitly Sean Lacap
How can you make use of Profit.ly to post your trades?
Profit.ly offers a trade entry portion within the “My Trade section of the dashboard. It allows you to 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 entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
How do I know if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is a high probability that it’s verifiable. This is indicated with the blue check mark. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the chance of getting downvotes from your colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where users are able to identify who is 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 in the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market all over the world.