Stock trading can be an extremely risky game. On certain days, you may have the benefit of positive and satisfying numbers. On other days, the opposite may happen and it can be very difficult to return to where you were your peak. If you’re constantly stuck in the gutter You will need to realize that relying on instinct and survival is not always enough.
If you’ve suffered losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve identified an option that can help you in your improvement in the industry. This review will be taking an in-depth look at Profit.ly A well-respected single-stop social platform to trade!
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 Roland Wolf Profitly]
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be knowledgeable and accountable, as well as transparent and uplifting with each other through its broad array of tools and features including chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for those who are just beginning their journey as well as a place for experienced traders to track their performance with the help of cutting-edge analytics tools. Offering users a broad range of resources for communication and trade that help traders from every field of business connect with each other. It also allows gurus to make worthwhile investments within the confines of the platform. Imagine it as an online social media platform similar the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are valid and won’t allow for fraud as much as it is possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been previously done.” The concept Sykes said served two goals: 1.) keeping track of public data for not just the gurus and newsletter authors and students, and 2) making it possible for anyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Roland Wolf Profitly]
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of services and features geared towards achieving the success of their business. It is possible to create an account there at no cost, however you’re only limited to having the ability to navigate through the leaderboard and follow 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 it is necessary to subscribe to any of Profit.ly’s offerings that we’ll discuss in the near future.
Setting up an account is easy: create an account with your experience and expertise, connect to your brokerage account and you’ll have a chance to shoot your way up to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users an insight into how the community of traders performs as well as its gurus. It’s not just a way to prove value to a group of traders, as you are also able to use Profit.ly to shop from a guru with the assurance that you’re confident of their knowledge and the veracity of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, then you could decide to share your trades, verified or not, by taking pictures. Included in Profit.ly is the huge selection of trading classes as well as the ability to look at stats in a trader’s profile and other methods to interact with your experts 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 trading guru who is well-known for his involvement in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s stock which trades at under $5 for each share. The penny stock market can be seen as an opportunity for small companies to move into a larger market because it gives them access to capital from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as trading professional. At the age of 25 Sykes was given more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” Then, he made use of the show to create trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational sources, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to the trading experts who have proven to make significant amounts of profit from their collective years of knowledge. Roland Wolf Profitly]
At its height, Profit.ly had housed up to five gurus, each of them an expert in their niche within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, only two gurus remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to observe him focus on basic stock catalysts and employ them to predict the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available on iOS as well as 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 package. It costs $149.95 for a month this is the perfect plan for those who are more involved in the penny-stock market. Pennystocking Silver offers all the essential features that were included in prior plans, including swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for 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 earnings. Roland Wolf Profitly]
The Superman Alerts package is his offering of essential features and trading alerts targeted to those interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket along with the mobile app, the daily market commentary in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base of information provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. In addition you’ll also have the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and make a mark on the market, Profit.ly has the right amount of tools to get you going. The platform has three membership tiers that cater to traders at different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. When you sign up for this package, you will be immediately given a slew of robust and vital trading tools, all one of them essential in keeping your fingers on what could call a ruthless process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice program is the ability to verify 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 onto leaderboards; study your trades, sort or filter the trades you make; and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your personal information public. If you’re looking to gain access to this feature, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in the novice plan. It is in this plan that you can set up an account that is private to share with fellow associates all your insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to harness their expertise in trading. While it’s nice, there is one significant aspect that’s not included. In contrast to the Novice package, you won’t be able to see other traders’ stats, which could be a disadvantage for some who may be eager to try this new tier. Roland Wolf Profitly]
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. With $74.95 per month, and 22% off when billed annually, this tier has it all. You will have full, unrestricted access to all features of the previous plans combined.
You’re not only able to see other users’ stats and data, but you also have the opportunity to create an individual profile. Both of these features, in addition to the benefits that you can use to the fullest potential. If you’re in search of a plan that can serve you everything you need as a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly provides a variety of additional services that it can provide. One of them is the online store, which lets users choose from a wide array of videos that are designed to educate and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other things trading-related, clips and scenes from events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You may be familiar with the chat room as you can see it across social and messaging platforms, in addition to a few special websites that offer live chat support. But 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. One might be more laid back and rarely engaged, while another could be more active and in touch to their pupils. Think of the chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock trader types, from novices to the most experienced. Considering the number of offers it can provide this platform definitely has something for every person.
Beginners, for instance, will appreciate 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 the in-house experts as well as their members. They’ll also be able to pick from the merchandise available on its store online that they can take with them wherever they may go. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll be able to realize that trading is a high-stakes game that should not be viewed as a joke.
For those traders who have had decades of experience in the line, we believe Profit.ly as equally as suitable to those who are just starting. While novice traders may not be as well-equipped with dealing with trading issues, the pros already understand how it works and the stack full of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s range of features to their best advantage to enhance their skills in trading. As beginners, they are able to study from the gurus as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the excitement! Trade professionals who are at an equal level with Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Roland Wolf Profitly]
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with a wealth of education, communication, and trading tools
- You get to receive excellent training and insights from its internal experts, which include 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 whenever something happens
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates – there truly is something for all
- Profit.ly’s abundance of packages and services offered could be too much for most of its customers
- Since traders can choose to post any kind of trade, there is a possibility that some of them could profit from cherry-picking the best trades to boost their rating – this may be a concern that should not be overlooked.
- Profit.ly does not accept refunds, as its premium users will immediately take advantage of the numerous services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could come up with the answer, it would be yes. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally designed to be used for this reason. Instead, it is best to keep the ability to think with an open heart. Roland Wolf Profitly]
What we are referring to”yes” is that it is a fantastic learning tool. For those who are struggling, they may be able to find Profit.ly’s variety of resources to be helpful when they try their best to avoid losses and perform better than before. Not only struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
If you truly care about being better at trading and wish to learn from your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Roland Wolf Profitly]
How do you use Profit.ly to post your trades?
Profit.ly offers a trade entry portion within the My Trade section of the dashboard that allows you to post your trades, verifiable or not. You may choose between three options:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there is an excellent likelihood that it can be verified. This is indicated with the small blue check. If you upload it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The disadvantage of an unverified trade is the chance of receiving negative feedback from colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still available?
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 app version is compatible with the majority of functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market both right and left.