Stock trading can be an exciting game with high stakes. On certain days, you might have the benefit of positive and satisfying numbers. On other days, the opposite may happen and it can be very difficult to get back to the point you were at your peak. If you are constantly stuck in the gutter You will need be aware that relying solely on your instincts and preserving might not 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 a significant boost from your trading partners from all over the globe, which is why we’ve found an option that can help you in your growth in the industry. This review will take 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Profitly Xero
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be knowledgeable responsible, transparent, and encouraging each other through its broad range of features and tools including trade verification, chat rooms as well as an extensive 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 new to trading as well as a place for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Providing users with a wide variety of tools to facilitate trade and communication that help traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries that the site. Imagine it as an online social media platform similar the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes stated that Profit.ly was based “on the transparency of all trades, something that was never prior to.” This idea was, he said, serving two purposes: 1) creating public track records for everyone, not just the experts as well as students and newsletter writers, and 2) making it possible for all users to gain insight into both losses and wins to benefit the industry of trading. Profitly Xero
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of tools and services that are geared towards achieving success. You can create an account there at no cost, however you’re only given access to the leaderboards and monitor 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 it is necessary to sign up to one of Profit.ly’s deals, which we will go over shortly.
The process of opening an account is easy: create a profile with your experiences and expertise, connect to your brokerage account, and you’ll be given a chance to shoot your way to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a look at their performance as a trading group as well as its gurus. It’s not just a way to demonstrate value to a group of traders, as you can also utilize Profit.ly to shop with a guru, and have the assurance that you’re comfortable with their expertise and the credibility of their assertions.
If you feel uneasy with the concept of leaking information about your account with a brokerage, you can choose to publish your trades, verified or otherwise, through pictures. Also included in Profit.ly is the huge selection of trading classes, the ability to view statistics on a person’s profile and other methods to communicate with your gurus through the chatroom along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his involvement in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock that trades for just less than 5 cents per share. The penny stock market can be seen as a stepping stone for small businesses to transition to a large marketplace as it gives them access to capital from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, made more than $6 million in profit throughout his illustrious career as trading professional. At 25 years old Tim Sykes had received more exposure and a wider reach of influence as a participant in the reality show “Wall Street Warriors.” He used the opportunity to establish trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also played a role in establishing Profit.ly as a platform for openness, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have earned significant amounts of profit from their combined years of expertise. Profitly Xero
At its height, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise in the trading industry. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on this 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 what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next move that is possible when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS as well as Android devices, text, e-mail and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, it is an ideal plan for investors who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features of the previous plan, such as swing trading alerts as well as unlimited access to a library of over 7,000 educational videos and new videos released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes 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 he began as a trader, Superman has amassed over $5.5 million in trading earnings. Profitly Xero
The Superman Alerts plan is his package of vital features and trading alerts geared to those interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket as well as the mobile app, daily market commentary in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base provided by Superman himself, via his Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. In addition you’ll also have access to premium research reports as well as the 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 resources to get you up and running. The platform offers three membership tiers, each designed for traders of different levels. Let’s break down what these three levels are and what they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading community. As you sign up for this package you’ll be offered a range of strong and essential trading tools, all of them integral in keeping your hands on what we call a competitive process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice package is the capability to check the results of your trades and track profit; leading, following and even chatting with your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards, analyze, sort, as well as filter trades and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re interested in gain the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use a majority of features from the Novice plan. This plan allows that you are able to create an individual profile that allows you for sharing with fellow associate users all your knowledge and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to improve their trading skills. As nice as it seems, there is one significant element that’s missing. In contrast to the Novice package, you will not be able to see the statistics of other traders, which could be a problem for some who may be anticipating this level. Profitly Xero
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 monthly, with an additional 22% discount for annual billing This plan offers everything. It gives you full, unlimited access to all the features from the two previous plans.
You’re not only able to view other people’s stats, but you’re also given the opportunity to create a private profile. These two features are on top of all the advantages that you can utilize to their fullest capacity. If you’re looking for an account that will give you everything you need as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly provides a variety of other services they offer. One of them is the online store, which lets users pick from a range of videos designed to inform and guide you through the nuances and pitfalls of trading. The products listed on this page of the website can be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and clips taken from The Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s variety of services and features. You may be familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, and also on a few specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a hands-on area where experts and member traders can communicate and learn in real time. Every guru has their own way when it comes to running their chat room and in dealing with the members. One might be laid back and less engaged, while another could be more online and communicative to their pupils. Think of the chatrooms as Profit.ly’s version of the forum in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, ranging from novices to the most experienced. Considering the number of offers it has to offer it is certain to have something for every person.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. In addition, they will get daily videos and chat room tips from its in-house gurus as well as their members. Additionally, they can select from the products from its online store that they can take with them wherever they go. They can also gain hands-on experiences by trading through the platform, however they’ll be able to realize that this is a risky game that should not be viewed as an opportunity to make fun of.
For traders who have decades of experience in the line, we see Profit.ly as equally as suitable to the newcomers. While novice traders may not be as well-equipped with dealing with trading issues, the pros already understand how it works and the risky mix associated with it. Ideally, they may utilize Profit.ly’s range of features to their best advantage to develop their trading abilities. Like novices, they can learn from the experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the excitement! People in the trade industry who are at similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to help assist them in the ever-changing trading process. Profitly Xero
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows traders across the globe with a wealth of education, communication, and trading tools
- You will be provided with excellent lessons and insights from its inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re guaranteed 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
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s numerous products and packages offered might not be enough for the majority of its users
- If traders decide to post any kind of trade, there’s a possibility that some of them could profit from selecting the best trades in order to increase the rating – this may be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds as the premium customers are expected to immediately take advantage of the numerous services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it’s yes. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally meant to be designed for this reason. Instead, you need to have the ability to think with an open heart. Profitly Xero
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck may discover Profit.ly’s range of resources to be helpful when they try their best to incur lesser loss and perform better than they did before. Not only poor traders that can benefit from the platform. It can accommodate beginners and even experts in the field!
If you truly desire to be more successful in trading and would like to learn from your peers and experts along the way, then look no further – Profit.ly could be a good option to begin.
FAQ Profitly Xero
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 otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Take a photo of your transactions
How do I know whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is evident by the small blue check. If you post it manually or through pictures, it will be assigned as unverified.
The downside of having an unverified trade is the chance of receiving negative feedback from fellow peers. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also to help one another grow and learn more about acquiring stock market opportunities both right and left.