Stock trading can be an extremely risky game. Some days, you might have the benefit of positive and satisfying numbers. However, on other days it could be the reverse and it could be extremely difficult to return to where you were your best. If you find yourself always in the mud, you will have to recognize that relying on your instincts and preserving might not be enough.
If you’ve experienced occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe, which is why we’ve identified an option that can help you in your improvement within the field. In this review, we’ll be taking an in-depth look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Rolandwolf Profitly
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be knowledgeable and accountable, as well as transparent and to build relationships with one another through its wide range of features and tools including chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for people who are starting out and as a hub for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Offering users a broad range of resources for trade and communication and letting traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries that the site. Consider it a social media site akin like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been previously done.” The idea was, he said, serving two objectives: one) creating public track records for all traders, not just the gurus, but also the newsletter authors and students, and 2) giving anyone on the platform to learn from the losses and wins for the trading industry’s benefit. Rolandwolf Profitly
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of services and features geared toward success. It is possible to create an account on the site at no cost, however you’re only given the ability to navigate through the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offerings that we’ll go over shortly.
Making an account simple: Create an account with your experience and expertise, connect to your brokerage account, and you’ll have an opportunity to make your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a look at their performance as a trading group and its gurus. You’re not just allowed to demonstrate value to a community of traders, as you are also able to use Profit.ly to buy with a professional with the assurance that you’re comfortable in their skills and the legitimacy of their assertions.
If you feel uneasy with the concept of leaking your brokerage account, you may choose to publish your trades, either verified or not, by taking pictures. In Profit.ly are a variety of courses in trading, the ability to view the stats of a trader’s account, and more ways to interact with your experts through the chatroom as well as notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his efforts in penny stock trading. According to Investopedia Penny stock refers to a small company’s stock that trades for under $5 for each share. Penny stock trading can be seen as an opportunity for small companies to move into a larger market because it gives them access to money from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes is sure to reveal thanks to his years of experience.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as trading professional. When he was 25 years old, he had been given greater exposure and an even wider influence over time when he became part of the reality show “Wall Street Warriors.” Then, he used the opportunity to develop trading rooms, penny stock themes, and educational material aimed at those who are new to trading. He also helped establish Profit.ly as a place 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 most appealing features is the variety of education sources, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to the experts in trading who have proven to make substantial profits through their years of knowledge. Rolandwolf Profitly
At its height, Profit.ly had housed up to five gurus, each of them an expert in their niche in the field of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing 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. With that taken into consideration Let’s look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. At $74.95 per month, you’ll be able to see him focus on the basic stock catalysts and employ them to predict the next possible moves in trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS as well as Android devices, texts, emails, 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, with an upgraded version of Tim’s Alerts package. Priced at $149.95 per month, this is an ideal plan for investors who are involved in the penny-stock market. Pennystocking Silver includes all the basic features of earlier plans such as alerts for swing trading and access to a rich library of more than 7,000 instructional videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Rolandwolf Profitly
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get access daily premarket stock watchlist as well as the mobile application, daily market commentary shown in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base provided by Superman himself via his Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. On top of that you’ll also have an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels that cater to traders of different levels. Let’s break down what these three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. When you sign up for this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, each of which is essential to keep your hands on what we call a competitive procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice package is the ability to verify trades and track profits as well as leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. You can also get onto leaderboards; study the results of your analysis, sort, or filter the trades you make and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone however, there’s a drawback. You can’t create a private account, making your personal information public. If you’re looking to have access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader package allows you to use a majority of features from The Novice package. In this plan, that you can set up an account that is private to share with other associate users all the insights and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their trading skills. Although it’s a nice thing but there’s one important aspect that’s not included. In contrast to the Novice package, you won’t be able view other traders’ statistics that might be a drawback for those eager to try this new tier. Rolandwolf Profitly
The Professional plan can be described as the most luxurious package Profit.ly offers to experienced traders. With $74.95 each month and 22% off for annual billing This plan offers everything. You will have full, unrestricted access to all the features from the two previous plans.
Not only do you get to look at other people’s statistics as well, you’re also offered the chance to create a private profile. These two features are plus the other advantages you’ll be able to use to their fullest capacity. If you’re in search of an account that will give you everything you need as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly offers a number of other services they provide. One of those is its online store, which lets users pick from a range of instructional videos that are designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the site can be purchased immediately for personal use. Some of these include bestsellers such as the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and all other related to trading, videos and footage from events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You may be familiar with the concept of the chat room as you can find it throughout messaging and social platforms, in addition to a few special websites that provide live chat support. But on Profit.ly, it is seen as a hands-on place where gurus and their member traders can communicate and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. Some may be more laid back and rarely engaged, while another could be more interactive and online with their students. Think of the chat rooms as Profit.ly’s version of a forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock trader types, from beginners to experienced pros. With the variety of deals it has to offer it is certain to have something for every person.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based information available on 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 on its store online for them to take wherever they be. They can also gain hands-on experience trading on 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 traders who have many years of experience down the line, we see Profit.ly as equally as suitable to them as the newcomers. While novice traders may not be as adept at handling trading matters however, experienced traders know how it works and the plethora of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to develop their trading skills. Like novices, they can learn from the experts and experts , and use those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to guide them through the ever-illustrious trading process. Rolandwolf Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education, communication, and trading tools
- You get to receive excellent training and advice from the company’s inside experts, as well as libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost – there truly is something for all
- Profit.ly’s numerous products and packages offered might be too much for a lot of its customers
- As traders may opt to open any kind of trade, there is the possibility that some of them could profit from picking the most profitable trades to increase the rating this could be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds, as its premium users are expected to instantly benefit from the many services the platform has to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s an affirmative “yes”. However, you must realize that the platform should not be used as a scheme to get rich quick. It wasn’t intended to be created for this reason. Instead, it is best to keep the ability to think with an open heart. Rolandwolf Profitly
What we do mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they may find Profit.ly’s array of resources to be helpful in their efforts to reduce losses and perform better than before. It’s not only the struggling traders that will profit from the platform. It is able to accommodate novices and even experts!
If you really desire to be better at trading and wish to learn from your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Rolandwolf Profitly
What are the best ways to use Profit.ly to post your trades?
Profit.ly has an entry section for trades in the ‘My Trade category on the dashboard that lets you record your trades, verifiable or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there is a high likelihood that it can be verified. This is evident by the blue check mark. If you upload it manually or through pictures, it will be assigned as unverified.
The downside of having an unauthenticated trade is the risk of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities in the stock market both right and left.