Stock trading can be an exciting game with high stakes. Some days, you may enjoy the benefits of positive and satisfactory numbers. On other days, the opposite may happen and it could be very difficult to return to where you were your best. If you find yourself always in the mud, you will have to realize that relying on instinct and survival is not always enough.
If you’ve experienced losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the world, which is why we’ve discovered an online platform that will help you in your improvement in the industry. In this review, we’ll take 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.
Overall Rating: 4.1/5 The Honest Crook Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of all levels to be informative and accountable, as well as transparent and encouraging each other by offering a wide range of features and tools including trade verification, chat rooms, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for people new to trading and as a hub for traders with experience to keep track of their performance with the help of advanced analytics tools. Providing users with a wide variety of tools for communication and trade, it helps traders from all walks of life network with one another. It offers gurus with worthwhile investments within the confines of this platform. Think of it as an online social media platform similar the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the trades are valid and won’t accept fake news as long as is humanly possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that was never prior to.” The concept Sykes said served two goals: 1.) creating public track records for not just the gurus as well as students and newsletter writers as well as) giving all users to learn from both the wins and losses to the benefit of the trading industry. The Honest Crook Profitly
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of features and services aimed toward success. It is possible to create an account there at no cost, however you’re only given access to the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s offerings that we’ll discuss in the near future.
Making an account easy: create an account with your experience and knowledge, then connect to your brokerage account, and you have yourself an opportunity to make your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users an insight into how the community of traders performs and its gurus. It’s not just a way to prove your worth to a group of traders, but you can also utilize Profit.ly to purchase from a guru with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, you may choose to publish your trades, either verified or not, via photographs. Also included in Profit.ly is the huge selection of trading courses, the ability to view statistics on a person’s profile, and more ways to connect with your gurus via chatrooms 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 is well-known for delving his hands into penny stock trading. According to Investopedia, a penny stock is a small business’s shares that trade for just less than 5 cents per share. Penny stock trading is a stepping stone for small-scale businesses to make the transition to a market that is larger as it allows them to access capital from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell because of his decades of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as a trader. At the age of 25 Sykes was given greater exposure and an even wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms and penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped to establish Profit.ly as a platform for transparency and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have proven to make substantial profits from their combined years of knowledge. The Honest Crook Profitly
At its peak, Profit.ly had housed up to five gurus, all of them an expert within their particular field in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, only two gurus remain on the 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 the packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you will be able to see him concentrate on the basic stock catalysts and employ them to predict the next possible moves in trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS as well as Android devices, as well as text, e-mail and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. At $149.95 for a month this is an ideal plan for those who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in prior plans, such as swing trading alerts and unlimited access to a library of over 7,000 educational videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading profits. The Honest Crook Profitly
The Superman Alerts plan is an offer of the most essential features and trading alerts geared to those interested. For $147/month, you’ll get 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 E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base that is provided by Superman himself via the Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. On top of that, you’ll also get the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of resources to help you started. The platform offers three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three tiers are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. As you sign up for this plan you’ll be offered a range of strong and essential trading tools, each of them integral in keeping your fingers on what we call a competitive process by itself.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to confirm trades and track profits and follow-up, leading and even texting your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, as well as filter trades and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. You aren’t able to create a personal profile, which makes your personal information public. If you’re looking to get access to this feature, stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows you to use many of the features of the Novice plan. This plan allows that you can set up a private profile to share with other associates all your insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to improve their expertise in trading. As nice as it seems, there is one significant aspect that’s not included. As opposed to the prior Novice package, you will not be able to see other traders’ statistics, which might be a drawback for those who are anticipating this level. The Honest Crook Profitly
Pro Plan
This is by far the most luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 each month which includes a 22% discount when billed annually the Pro plan has everything. It gives you full, unlimited access to all options of the prior plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the chance to create your own private profile. Both of these options, in addition to the advantages that you can utilize to the maximum extent. If you’re looking for an option that gives you everything you need as trader with experience, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly provides a variety of more services it has to provide. One of these is its online store, which lets users choose from a wide array of instructional videos that are created to help you understand the ins and outs of trading. Each of the offerings listed on this page of the website is available to be purchased immediately for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and other things trading-related, clips and scenes of events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of features and services. You are probably familiar with chat rooms since you will see it on social and messaging platforms in addition to a few special websites that offer live chat assistance. But on Profit.ly, it is seen as a real-time place where gurus and their members trade and learn in real time. Each guru has their style in running their chat rooms and dealing with the members there. One of them may be laid back and not very often engaged, while another could be more online and communicative to their pupils. Think of chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, ranging from novices to the most experienced. Considering the number of offers it offers, the platform surely has something for all.
Newbies, for instance, will enjoy Profit.ly’s collection of educational information available on the platform. In addition, they will get daily videos and chat room tips from its in-house gurus and their members. They’ll also be able to select from the products on its store online that they can take with them wherever they may travel. You can also get hands-on experiences from trading within the platform, but eventually they’ll be able to realize that the process is a high-stakes game that should not be viewed as an amusing pastime.
For those traders who have had decades of experience in the line, we see Profit.ly as equally as suitable for them as it is for the newcomers. Although the novices might not be as adept at handling trading matters but the experts already know the way it functions and the risky mix that come with it. Ideally, they may utilize Profit.ly’s variety of options to their maximum advantage to enhance their trading skills. Like beginners, they can learn from the experts and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Trade professionals who are on the same level as Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to navigate them through the ever-changing trading process. The Honest Crook Profitly
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You get to be taught by experts and tips from the 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 other traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There’s something for all
The Cons
- Profit.ly’s bountiful stream of packages and products offered may be too much for the majority of its users
- As traders may opt to make any type of trade, there’s an opportunity that some them could profit from selecting the best trades in order to improve their ratings This could be a concern that should not be ignored.
- Profit.ly does not offer refunds because its premium users are expected to immediately take advantage of the numerous features the platform is able to provide
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you need to have the ability to think with an open heart. The Honest Crook Profitly
What we mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck might discover Profit.ly’s range of resources useful as they do their best to avoid losses and perform better than before. Not only struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become a better trader and want to be taught by your fellows and gurus along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ The Honest Crook Profitly
How do you use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within the “My Trade section of the dashboard which lets you record your trades, either verified or otherwise. You may choose between three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
How can I tell whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there is a high chance that it is verifiable. This is shown by the blue check mark. If you upload the information manually or via images, it will be classified as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just seeking to make the most profit but also help each other grow and learn more about acquiring opportunities in the stock market left and right.
