The stock market can be a high-stakes game. On some days, you could be reaping the benefits of positive and satisfying numbers. On other days, however, the opposite may happen, and it may sometimes be extremely difficult to return to where you were your most productive. If you’re always in the mud it is important be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve been incurring losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the world, which is why we’ve found an online platform that will help you in your improvement within the field. This review will be taking an in-depth look at Profit.ly, a well-recognized 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 Profity Premium
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of all levels to be informative and accountable, as well as transparent and uplifting with each other by offering a wide array of tools and features such as trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for those who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. It provides users with a vast array of options to facilitate trade and communication that help traders from all walks of life connect with one another. It gives the gurus an opportunity to invest in the right areas that the site. Think of it as an online social media platform similar to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as possible. It was established many years ago by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes stated that Profit.ly was based “on showing the entire spectrum of trades, something which has never been previously done.” The concept, he added, served two objectives: one) making public records for not just the gurus as well as newsletter writers and students and secondly) giving all users to gain insight into both the wins and losses to benefit the industry of trading. Profity Premium
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of tools and services that are geared at achieving achievement. You may set up an account there at no cost, however you’re limited to access to the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
Making an account easy: create an account that includes your personal information and skills, join to your brokerage account, and you’ll be given an opportunity to make through high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users an insight into the performance of the trading community as well as its gurus. It’s not only a chance to show value to a large group of traders. You are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable with their expertise and the credibility of their assertions.
If you are unsure about the concept of leaking the details of your broker account you may decide to share your trades, whether verified or otherwise, through pictures. Also included in Profit.ly are a variety of trading courses and the capability to see stats in a trader’s profile and other methods to communicate with your gurus in the chatroom, along with 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 has been famously known for delving his hands into the penny-stock market. According to Investopedia, a penny stock is a small business’s stock which trades at under $5 for each share. The trading of penny stocks could be viewed as an opportunity for small companies to move to a large marketplace as they can access money from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as trading professional. At 25 years old Sykes was given greater exposure and an even wider reach of influence when he was a part of the reality series “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 trading. He also helped establish Profit.ly as a platform for openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational sources, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have earned substantial amounts of money from their collective years of experience. Profity Premium
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, only two gurus remain on this platform: 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 packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll be able to observe him focus on fundamental stock catalysts and use them to predict the next move that is possible when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS as well as Android devices, as well as email, text 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, upgraded version of the Tim’s Alerts program. At $149.95 monthly, it is the perfect plan for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features found in prior plans, including alerts for swing trading and access to a rich library of over 7,000 educational videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Profity Premium
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base of information provided by Superman himself via the Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. Additionally you’ll also gain an access to high-quality research papers 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 make a mark on the industry, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s take a look at 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 people who are brand new to the world of trading. As you sign to this plan, you will be immediately provided with a variety of powerful and essential trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat process in and of itself.
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 chatting with other traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze, sort, as well as filter trades and, lastly, view the statistics of other traders.
The Novice plan costs $29.95 per month. Although it might look appealing simply because of the price however, there’s a drawback. You can’t create a private profile, which makes your personal information public. If you do want to gain an account with this option, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows users to benefit from many of the features of the Novice plan. In this plan, that you can create an individual profile that allows you to share with fellow associates all your insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to improve their skills in trading. As nice as it seems but there’s one important aspect that’s not included. In contrast to the Novice package, this one won’t be able view other traders’ stats, which might be a drawback for those who are eager to try this new tier. Profity Premium
This is by far the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 each month with a 22% discount when billed annually the Pro plan has it all. You will have full, unrestricted access to all the options of the previous plans.
You’re not only able to view other people’s stats as well, you’re also offered the chance to create your own private profile. These two features are plus the other advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give all the features you need to be an experienced trader, the Pro tier could be ideal 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 them is the online store, which lets users select from a variety of videos designed to inform and help you understand the ins and outs of trading. The products listed on this page of the website is available to be immediately purchased for personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and clips 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 array of services and features. You may be familiar with the concept of chat rooms since you will see it on social and messaging platforms, as well as some specialty websites that provide live chat assistance. But on Profit.ly the chat room is viewed as a hands-on place where gurus and their members trade and share knowledge in real-time. Each guru has their style in operating their chat room and in dealing with the members there. Some may be laid back and not very often active, while another might be more interactive and online in their interactions with students. Think of chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, ranging from beginners to experienced pros. With the variety of deals it can provide this platform definitely has something for everyone.
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 by its internal gurus and members. Additionally, they can choose from the items in its online store that they can take with them wherever they travel. They can also gain hands-on experience trading on the platform, however they’ll realize that this is a risky game that should not be viewed as an opportunity to make fun of.
For the traders with decades of experience in the road, we consider Profit.ly as equally as suitable to those who are just starting. Although the novices might not be as well-equipped with handling trading matters but the experts already know how it works and the plethora of risks associated with it. It is ideal to use Profit.ly’s range of features to their best advantage to enhance their trading skills. As beginners, they are able to learn from the top experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the fun! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their skills to others as a way to help guide them through the ever-illustrious trading process. Profity Premium
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You will receive excellent training and advice from the company’s inside experts, as well as libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There’s something for everyone
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for most of its customers
- Since traders can choose to post any kind of trade, there is a possibility that some of them may take advantage by picking the most profitable trades to increase the rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds as its premium users are expected to instantly benefit from the many services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always meant to be designed for this reason. Instead, you should have curiosity. Profity Premium
What we mean by ‘yes’ is that it is a fantastic learning tool. People who are stuck might be able to find Profit.ly’s range of resources helpful as they do their best to avoid losses and be more successful than they did before. It’s not just the struggling traders who will benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely care about being more successful in trading and would like to be taught by your peers and experts on the way, look no further – Profit.ly could be a good alternative to start.
FAQ Profity Premium
How can you make use of Profit.ly to post your trades?
Profit.ly has a trade entry portion in the My Trade section of the dashboard which lets you record your trades, either verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your transactions
What can I do to determine whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is evident by the blue check mark. If you upload the information manually or via images, it will be classified as unverified.
The drawback of posting an unauthentic trade is the chance of getting downvotes from your friends and colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the App Store for Apple and in the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market left and right.