Stock trading can be an extremely risky game. Some days, you might have the benefit 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 your peak. If you find yourself constantly stuck in the gutter it is important to realize that relying on pure instinct and preservation is not always enough.
If you’ve experienced loss from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the world, which is why we’ve identified a platform that can support you in your improvement in the industry. This review will take a look at Profit.ly is a well-known 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 Stephen Johnson Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informative, transparent, accountable, and uplifting with one another through its wide range of features and tools like trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for people who are starting out and also as a platform for traders with experience to keep track of their performance with the help of advanced analytics tools. It provides users with a vast array of options for communication and trade that help traders from all walks of life connect with each other. It also allows gurus to make an opportunity to invest in the right areas of the platform. Imagine it as a social media site akin the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it makes sure that trades are valid and won’t accept fake news as long as it is possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes said that Profit.ly was based “on the transparency of all trades, something that has never been previously done.” This idea, he added, served two objectives: one) making public records for not just the gurus and newsletter writers and students as well as) making it possible for all users to learn from both losses and wins to the benefit of the trading industry. Stephen Johnson Profitly
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders have access to a range of features and services aimed towards achieving the success of their business. You can create an account there for free, but you’re limited to access to the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time, you will need to subscribe to any of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is simple: Create an account with your experience and expertise, connect to your brokerage account, and you have yourself an opportunity to make through high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a look at the performance of the trading community as well as its experts. It’s not only a chance to prove your worth to a community of traders, as you are also able to use Profit.ly to purchase from a guru with the confidence that you are confident of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you may choose to publish your trades, verified or otherwise, through pictures. Also included in Profit.ly is the huge selection of trading classes as well as the ability to look at the stats of a trader’s account as well as other ways to interact with your experts via chatrooms in addition to notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s stock that trades for less than $5 per share. The penny stock market could be viewed as a stepping stone for small businesses to transition to a market that is larger as it gives them access to capital from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as trading professional. At 25 years old, he had been given greater exposure and a larger influence over time when he was a part of the reality TV show “Wall Street Warriors.” He took advantage of it to create trading rooms as well as penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped establish Profit.ly as a place for transparency and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have proven to make substantial amounts of money from their combined years of expertise. Stephen Johnson Profitly
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus remain on the platform: the 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 take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS as well as Android devices, texts, emails and push alerts and a daily stock watchlist.
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 per month, it is the perfect plan for those who are invested in penny stock trading. Pennystocking Silver includes all the basic features of earlier plans which includes alerts for swing trading and access to an extensive library of over 7,000 educational videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Stephen Johnson Profitly
The Superman Alerts package is his offering of essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket along with the mobile app, the daily market updates in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge that is provided by Superman himself through his Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. Additionally, you’ll also get the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of resources to help you started. The platform offers three membership tiers that cater to traders at different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. When you sign to this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, each of which is essential to keep your fingers on what we could call a ruthless process by itself.
The list of features you can do with Profit.ly’s Novice package is the capability to check trades and track profits and follow-up, leading and even texting other traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study your trades, sort as well as filter trades and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. You can’t create a private account, making your activities publicly available. If you do want to have an account with this option, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to take advantage of many of the features of the novice plan. This plan allows that you can set up an account that is private for sharing with fellow associate users all the insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to improve their expertise in trading. As nice as it seems however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you won’t be able to view the statistics of other traders this might be a drawback for some who may be looking forward to this tier. Stephen Johnson Profitly
Pro Plan
This is by far the most luxurious package Profit.ly could offer for seasoned traders. At $74.95 monthly, with an additional 22% discount when billed annually, this tier has it all. It gives you full, unlimited access to all the features of the previous plans.
Not only do you get to look at other people’s statistics and data, but you also have the option of creating your own private profile. Both of these features, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re in search of an account that will give all the features you need to be trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly provides a variety of other services they offer. One of those is its online store, which allows users to pick from a range of videos designed to inform and help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other aspects of trading. There are also clips and footage from events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You are probably familiar with the chat room as you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a real-time area where experts and member traders can communicate and learn in real time. Every guru has their own way in running their chat rooms and in dealing with the members there. Some may be a laid-back person who is 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 best trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock traders, ranging from beginners to experienced pros. Considering the number of offers it offers it is certain to have something for everyone.
For instance, newbies will enjoy Profit.ly’s library of learning content offered throughout the platform. They will also be enriched with weekly videos and chat room tips by its internal gurus as well as their members. They’ll also be able to choose from the items in its online store to carry with them wherever they may be. You can also get hands-on experience trading on the platform, but ultimately, they will soon learn that the process is a risky game that shouldn’t be taken as a joke.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suitable to them as those who are just starting. While the newbies may not be as proficient in handling trading matters, the pros already understand how it works along with the stack full of risks that it carries. It is ideal to use Profit.ly’s array of options to their maximum advantage to improve their trading skills. Like novices, they can learn from the top experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies 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 an equal level with Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders in order to assist them in the ever-changing trading process. Stephen Johnson Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You get to be provided with excellent lessons and advice from the company’s in-house gurus, including libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost – there truly is something for every person
The Cons
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for the majority of its users
- Since traders can choose to post any kind of trade, there’s an opportunity that some them will profit by cherry-picking the best trades to improve their ratings this could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds, as its premium users are expected to immediately 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 answer to this question, it’s yes. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t designed to be used in this way. Instead, you need to have the ability to think with an open heart. Stephen Johnson Profitly
What we do mean”yes” is it is a fantastic learning tool. People who are stuck may be able to find Profit.ly’s variety of resources helpful when they try their best to avoid loss and perform better than before. Not only 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 a better trader and want to learn from your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly may be a great alternative to start.
FAQ Stephen Johnson Profitly
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades in the ‘My Trade’ category of the dashboard that allows you to post your trades, verifiable or otherwise. There are three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your transactions
How do I know whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there is a high likelihood that it can be verified. This is shown by the small blue check. If you post the information manually or via pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are currently connected to 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 learn and improve in acquiring opportunities in the stock market both right and left.