Stock trading is an extremely risky game. On some days, you might have the benefit of positive and satisfying numbers. On other days you may experience the opposite and it can be extremely difficult to return to where you were your most productive. If you are immersed in the water, you will have be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the world, which is why we’ve found an option that can help you to improve your performance within the field. In this review, we’ll take an in-depth look at Profit.ly A well-respected 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Profitly Team3D
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be knowledgeable, transparent, accountable, and uplifting with each other through its broad range of features and tools including trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that serves both as a learning and training platform for those new to trading and as a hub for experienced traders to track their performance through the use of sophisticated analytics tools. Providing users with a wide range of resources for trade and communication and letting traders from all walks of life network with one another. It gives the gurus worthy investments within the boundaries of this platform. Imagine it as the social media equivalent to Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The trading platform is built on trust and transparency. it guarantees that the trades are valid and won’t allow for fraud as much as it is possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been prior to.” This idea, he added, served two purposes: 1) making public records for not just the gurus, but also the newsletter writers and students, and 2) making it possible for all users to learn from both losses and wins for the trading industry’s benefit. Profitly Team3D
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of services and features geared toward the success of their business. You can create an account there for free, but you’re only limited to having access to the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s offerings that we’ll review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and skills, join to your brokerage account and you’ll have an opportunity to make through at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a look at how the community of traders performs as well as its gurus. It’s not just a way to prove your worth to a group of traders, as you are also able to use Profit.ly to buy with a professional with the confidence that you are confident of their knowledge and the veracity of their claims.
If you are unsure about the idea of divulging information about your account with a brokerage, then you could opt to post your trades, either verified or otherwise, through screenshots. Included in Profit.ly are a variety of trading courses, the ability to view statistics on a person’s profile and other methods to communicate with your gurus through the chatroom as well as 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 guru who is famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s stock that trades for less than $5 per share. Penny stock trading is an avenue for small-scale businesses to make the transition into a larger market because it allows them to access money from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes is sure to reveal through his many years of expertise.
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 trading professional. At the age of 25 Tim Sykes had received greater exposure and a larger impact when he was a part of the reality series “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a platform for transparency, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education sources, trade alerts and other useful stuff offered by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have proven to make significant amounts of profit through their years of experience. Profitly Team3D
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you will observe him focus on fundamental stock catalysts and use them to anticipate the next move that is possible when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS as well as Android devices, as well as text, e-mail, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, this is an ideal plan for those who are invested in penny stock trading. Pennystocking Silver offers all the essential features of prior plans, such as alerts for swing trading and access to an extensive library of over 7,000 educational videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading profits. Profitly Team3D
The Superman Alerts package is his package of vital features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket along with the mobile application, daily market commentary in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base of information provided by Superman himself via his Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. In addition, you’ll also get access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership levels that cater to traders at different levels. Let’s look at what the three levels are and what they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. As you sign up for this package, you will be immediately provided with a variety of powerful and essential trading tools, each of them integral in keeping your hands on what we can describe as a cutthroat process in and of itself.
Among the list of things you can do with Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following and even texting your fellow traders, as well as providing feedback on trades today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and lastly, look at other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. You aren’t able to create a personal account, making your personal information public. If you’re looking to get access to this feature, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader package lets users to benefit from the majority of features available in The Novice package. In this plan, that you can create an account that is private to share with other associates all your insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to develop their skills in trading. As nice as it seems, there is one significant element that’s missing. In contrast to the Novice package, this one won’t be able to view other traders’ stats that could be a disadvantage for those who are eager to try this new tier. Profitly Team3D
This is by far the highest premium package that Profit.ly offers to experienced traders. With $74.95 each month and an additional 22% discount for billing annually This plan offers it all. It gives you full, unlimited access to all features of the previous plans combined.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the option of creating your own private profile. These two features are in addition to the benefits that you can use to the maximum extent. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly has a few more services it has to provide. One of those is its online store, where customers can choose from a wide array of videos created to help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and other related to trading, videos and scenes of the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of services and features. You are probably familiar with the concept of the chat room as you will see it on social and messaging platforms, and also on a few specialty websites that provide live chat support. However, in Profit.ly, it is seen as a hands-on place where gurus and their members trade and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the listed members. Some may be laid back and less active, while another may be more active and in touch with their students. Think of chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters 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.
For instance, newbies will enjoy Profit.ly’s knowledge-based information available on the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus as well as their members. Additionally, they can pick from the merchandise available in its online store for them to take wherever they go. Additionally, they can gain practical experiences from trading within the platform, however they’ll realize that trading is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with many years of experience down the line, we believe Profit.ly equally suited to them as those who are just starting. While novice traders may not be as well-equipped with handling trading matters but the experts already know how it works and the plethora of risks that come with it. Ideally, they may use Profit.ly’s range of features to their full advantage to improve their skills in trading. Like beginners, they can study from the gurus and experts and utilize those short tips and tricks throughout the process.
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 fun! People in the trade industry who are at an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to help guide them through the ever-illustrious trading process. Profitly Team3D
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 an abundance of knowledge tools, communication, and trading tools
- You will be provided with excellent lessons and tips from the inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s bountiful stream of packages and products offered may not be enough for most of its users
- If traders decide to open any kind of trade, there’s the possibility that some of them may take advantage by selecting the best trades in order to boost their rating This could be a concern that should not be ignored.
- Profit.ly will not allow refunds because its premium users are expected to immediately benefit from the number of services that the platform can provide
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The Final Verdict: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it would be a ‘yes’. But you need to understand that the platform should not be used as a scheme to get rich quick. It wasn’t meant to be designed for this reason. Instead, you need to have curiosity. Profitly Team3D
What we are referring to by ‘yes’ is that it can be a great learning tool. Those who may be stuck could find Profit.ly’s variety of resources helpful in their efforts to incur lesser losses and be more successful than before. It’s not only the struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you truly care about being better at trading and wish to learn from your mentors and peers along the way, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Profitly Team3D
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the ‘My Trade section of the dashboard that lets you record your trades that are verified or otherwise. There are three options:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your transactions
How can I tell whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there’s an excellent likelihood that it can be verified. This is shown by the small blue check. If you submit the information manually or via images, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are seeking to make the most profit but also help each other grow and learn more about acquiring opportunities on the stock market left and right.