Stock trading can be an exciting game with high stakes. Some days, you might enjoy the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it can be very difficult to get back to the point you were at your most productive. If you find yourself immersed in the water You will need to realize that relying on instinct and survival might not be enough.
If you’ve been incurring losses from time to time and you’re likely to require 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 identified an option that can help you to improve your performance within the field. This review will take a 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Tplm Profitly
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of different levels to be knowledgeable, transparent, accountable, and encouraging each other through its broad variety of tools and features like chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for traders new to trading and as a hub for experienced traders to track their performance with the help of advanced analytics tools. It provides users with a vast array of options to facilitate trade and communication that help traders from every field of business connect with one another. It offers gurus with worthwhile investments within the confines that the site. Imagine it as the social media equivalent the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the transactions are legitimate and will not accept fake news as long as possible. It was established years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never done before.” The idea, he added, served two purposes: 1) keeping track of public data for not just the gurus and students and newsletter writers as well as) allowing all users to gain insight into both losses and wins to benefit the industry of trading. Tplm Profitly
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of features and services aimed towards achieving the success of their business. You can create an account there for free, but you’re only given access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time, you will need to join one of Profit.ly’s offerings that we’ll go over shortly.
Setting up an account is simple: Create a profile with your experiences and expertise, connect your brokerage account, and you have yourself a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users an insight into the performance of the trading community as well as its experts. You’re not just allowed to show value to a group of traders, as you can also use Profit.ly to purchase with a guru, and have the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you feel uneasy with the idea of sharing information about your account with a brokerage, you can opt to post your trades, whether verified or not, via photographs. Also included in Profit.ly are the vast number of trading courses as well as the ability to look at stats in a trader’s profile as well as other ways to communicate 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 has been famously known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The penny stock market is an opportunity for small companies to move into a larger market because it gives them access to funds from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of expertise.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, made an estimated $6 million profits during his long and successful career as trading professional. When he was 25 years old, he had been given more exposure and a wider influence over time when he became part of the reality TV show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms as well as penny stock themes and educational content geared toward people who are brand new to trading. He also played a role in establishing Profit.ly as a place for transparency, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational resources, 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 made substantial amounts of money from their combined years of experience. Tplm Profitly
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the trading industry. Some of the most prominent gurus 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 of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS and 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 that has been upgraded of the Tim’s Alerts package. Priced at $149.95 per month, it is the perfect plan for investors who are involved in penny stock trading. Pennystocking Silver includes all the basic features that were included in the previous plan, such as swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Tplm Profitly
The Superman Alerts package is his offering of essential features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket as well as the mobile application, daily market updates in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. Additionally you’ll also gain the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave a mark in the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers that cater to traders with different levels. Let’s take a look at what these three levels are and what they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. As you sign up for this package you’ll be offered a range of strong and vital trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat process by itself.
The list of features you can accomplish with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit; leading, following and even texting your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards, analyze, sort, as well as filter trades and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive just by the price however, there’s a drawback. You can’t create a private profile, which makes your activities publicly available. If you’re looking to get the benefit of this service, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to take advantage of many of the features of the Novice plan. It is in this plan that you can create a private profile to share with fellow associate users all the insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to develop their expertise in trading. As nice as it seems but there’s one important aspect that’s not included. Unlike the previous Novice package, you won’t be able to view other traders’ statistics this could be a disadvantage for those looking forward to this tier. Tplm Profitly
The Pro plan is the highest luxurious package Profit.ly can offer to experienced traders. It costs $74.95 per month, and 22% off for billing annually, this tier has it all. It gives you full, unlimited access to all the features of the previous plans combined.
You’re not only able to see other users’ stats and data, but you also have the chance to create a private profile. Both of these features, on top of all the benefits that you can use to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly offers a number of other services they provide. One of them is the online store, where customers can select from a variety of videos designed to inform and guide you through the nuances and pitfalls of trading. The products listed in this section of the website can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and all other things trading-related, clips and clips taken from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of services and features. You may be familiar with the chat room since you can find it throughout social and messaging platforms and also on a few specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a hands-on place where gurus and their members can interact and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the members there. Some may be more laid back and not very often engaged, while another could be more interactive and online in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock traders, ranging from novices to experienced professionals. With the variety of deals it offers, the platform surely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s knowledge-based materials available across the platform. They will also be provided with videos every week and chat room tips from the in-house experts and members. Additionally, they can pick from the merchandise available in its online store that they can take with them wherever they go. They can also gain hands-on experiences by trading through the platform, but eventually 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 line, we see Profit.ly equally suited to them as the newcomers. While novice traders may not be as proficient in dealing with trading issues but the experts already know how it works and the risky mix that come with it. Ideally, they may make use of Profit.ly’s variety of features to their full advantage to develop their trading abilities. As beginners, they are able to learn from the experts and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Verified experts can also join in the fun! Those in the trading industry who are on an equal level with 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 guide them through the ever-illustrious trading process. Tplm Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You get to be taught by experts and advice from the company’s in-house gurus, including libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main features, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There is truly something for every person
- Profit.ly’s abundance of packages and products offered may not be enough for a lot of its users
- As traders may opt to make any type 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 concern that should not be ignored.
- Profit.ly does not accept refunds as its premium users are expected to immediately take advantage of the numerous services that the platform can offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could think of the answer, it would be a ‘yes’. However, you must realize that the platform should not be used as a quick-fix scheme to make money. It wasn’t meant to be designed to achieve this goal. Instead, you should have an open mind. Tplm Profitly
What we mean”yes” is that it is a fantastic learning tool. People who are stuck might find Profit.ly’s variety of resources to be helpful in their efforts to incur lesser 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!
If you truly desire to be better at trading and wish to learn from your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Tplm Profitly
How do you use Profit.ly to post your trades?
Profit.ly includes a trade entry portion in the My Trade category on the dashboard that lets you post your trades, either verified or not. You may choose between three options:
- Linking your account to the broker of choice and import trades directly from there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
How do I know whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there is a high probability that it’s verifiable. This is indicated with the small blue check. If you post it in a manual way or by taking 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 be listed on the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market all over the world.