Stock trading is an extremely risky game. Some days, you could be reaping the benefits of positive and satisfactory numbers. On other days, the opposite may happen, and it may sometimes be extremely difficult to get back to where you were at your best. If you find yourself constantly stuck in the gutter You will need to recognize that relying on your instincts and preserving is not always enough.
If you’ve suffered loss from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the globe. That’s why we’ve discovered an online platform that will help you to improve your performance in the market. In this review, we’ll take an in-depth look at Profit.ly is a well-known 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 Watch List
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be informed responsible, transparent, and uplifting with each other by offering a wide variety of tools and features like chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for people who are just beginning their journey and as a hub for experienced traders to track their performance through the use of sophisticated analytics tools. It provides users with a vast variety of tools to facilitate trade and communication that help traders from all walks of life connect with each other. It gives the gurus an opportunity to invest in the right areas that the site. Consider it the social media equivalent to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data 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 allow for fraud as much as possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes declared that Profit.ly was based “on showing every trade, something that has never been prior to.” This idea Sykes said served two goals: 1.) keeping track of public data for not just the gurus and students and newsletter writers as well as) giving all users to learn from the losses and wins to the benefit of the trading industry. Profitly Watch List
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of features and services aimed at achieving achievement. It is possible to create an account on the site for free, but you’re limited to the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time, you will need to join one of Profit.ly’s offerings, which we will review in the coming days.
Making an account easy: create an account that includes your personal information and expertise, connect your brokerage account, and you’ll have the chance to climb your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a look at how the community of traders performs as well as its gurus. You’re not just allowed to prove your worth to a group of traders, but you are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re confident with their expertise and the credibility of their claims.
If you are unsure about the concept of leaking your brokerage account, you may opt to post your trades, verified or otherwise, through photographs. Also included in Profit.ly are the vast number of trading classes as well as the ability to look at the stats of a trader’s account and other methods to connect with your gurus in 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 trader who is well-known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for under $5 for each share. The trading of penny stocks is an avenue for small businesses to transition to a large marketplace as it allows them to access funds from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes will be able to tell you thanks to his years of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as a trader. At the age of 25, he had been given greater exposure and a larger reach of influence as a participant in the reality TV show “Wall Street Warriors.” He then made use of the show to establish trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. He also helped establish Profit.ly as a place for transparency and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning tools, 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 earned substantial profits from their combined years of expertise. Profitly Watch List
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, 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 of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on iOS and Android devices, 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 program. It costs $149.95 for a month it is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in the previous plan, including swing trading alerts and unlimited access to a rich 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 by the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Profitly Watch List
The Superman Alerts plan is his offering of essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist as well as the mobile app, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base provided by Superman himself via his Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. In addition you’ll also gain the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to help you going. The platform has three membership tiers, each designed for traders at different levels. Let’s look at what the three are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. As you sign up for this package you’ll be given a slew of robust and essential trading tools, all of which is essential to keep your fingers on what we call a competitive procedure in its own.
The list of features you can do with Profit.ly’s Novice program is the capability to check the results of your trades and track profit; leading, following and even texting other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive for the price alone, there is a downside. You can’t create a private profile, which makes your personal information public. If you do want to gain the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package allows users to benefit from many of the features of the novice plan. It is in this plan that you can set up an account that is private for sharing with fellow associate users all your knowledge and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to develop their skills in trading. While it’s nice however, there’s a crucial feature that is missing. Unlike the previous Novice package, you won’t be able to view the statistics of other traders, which could be a disadvantage for some who may be anticipating this level. Profitly Watch List
This is by far the most luxurious package Profit.ly can offer to experienced traders. With $74.95 monthly, which includes 22% off when billed annually This plan offers it all. You will have full, unrestricted access to all features of the prior plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the chance to create your own private profile. These two features are on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for an option that gives all the features you need to be a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly offers a number of other services they offer. One of those is its online store, which lets users pick from a range of video products that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, as well as all things trading-related, clips and clips of 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 variety of features and services. You are probably familiar with the chat room since you can find it throughout messaging and social platforms, as well as some specialty websites that offer live chat support. But on Profit.ly, it is seen as a space where experts and their member traders can communicate and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members there. One might be a laid-back person who is rarely engaged, while another could be more active and in touch with their students. Think of chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, ranging from beginners to experienced pros. Considering the number of offers it has to offer this platform definitely has something for all.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. Not only will they get daily videos and chat room advice by its internal gurus and their members. They’ll also be able select from the products from its online store for them to take wherever they may be. You can also get hands-on experiences by trading through the platform, but ultimately they’ll be able to realize that the process is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have many years of experience down the road, we consider Profit.ly as equally as suitable for them as it is for the newcomers. While novice traders may not be as proficient in dealing with trading issues however, experienced traders know how it works along with the plethora of risks that come with it. It is ideal to utilize Profit.ly’s array of features to their best advantage to improve their trading skills. Like novices, 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-together’ nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Those in the trading industry who are at 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 guide them through the ever-illustrious trading process. Profitly Watch List
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with tons of learning tools, communication, and trading tools
- You’ll be taught by experts and insights from its internal experts, which include collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates – there truly is something for all
- Profit.ly’s abundance of packages and products offered may not be enough for the majority of its users
- As traders may opt to post any kind of trade, there’s an opportunity that some them will profit by selecting the best trades in order to increase the rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as the premium customers 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 could think of the answer, it’s yes. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t meant to be designed to achieve this goal. Instead, you should have the ability to think with an open heart. Profitly Watch List
What we mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they may discover Profit.ly’s variety of resources to be helpful in their efforts to reduce losses and be more successful than they did before. It’s not only the struggling traders that will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really care about being better at trading and wish to be taught by your peers and experts on the way, look no further – Profit.ly may be a great alternative to start.
FAQ Profitly Watch List
How do you use Profit.ly to make your trades public?
Profit.ly has a trade entry portion within the ‘My Trade’ category of the dashboard that allows you to post your trades, either verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
How do I know whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there’s the chance that it is verifiable. This is evident by the small blue check. If you submit the information manually or via images, it will be assigned as unverified.
The downside of having an unauthentic trade is the possibility of getting downvotes from your friends and colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, 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 most operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are looking to earn maximum profits but also assist each other to grow and learn more about acquiring stock market opportunities left and right.