Stock trading is a high-stakes game. Some days, you may enjoy the benefits of pleasing and positive numbers. On other days it could be the reverse and it could be very difficult to get back to where you were at your peak. If you’re immersed in the water it is important to realize that relying on your instincts and preserving may not always be enough.
If you’ve experienced occasional losses You’ll need 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 discovered a platform that can support you in your improvement in the industry. In this review, we’ll be taking 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Twitter @Timothy Sykes
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of different levels to be knowledgeable, transparent, accountable, and uplifting with each other through its broad array of tools and features like chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for people new to trading and as a hub for experienced traders to track their performance with the help of sophisticated analytics tools. Offering users a broad variety of tools for trade and communication and letting traders from all walks of life connect with each other. It gives the gurus worthwhile investments within the confines of the platform. Imagine it as the social media equivalent the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been previously done.” This idea, he added, served two goals: 1.) creating public track records for everyone, not just the experts as well as newsletter writers and students and secondly) giving anyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Twitter @Timothy Sykes
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of services and features geared at achieving achievement. You can create an account on the site for free, but you’re limited to access to the leaderboard and observe the activities of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s offers that we’ll review in the coming days.
Making an account simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll be given a chance to shoot through the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a look at their performance as a trading group and its gurus. You’re not just allowed to show your worth to a large group of traders. You can also utilize Profit.ly to buy from a guru with the assurance that you’re confident in their skills and the credibility of their assertions.
If you feel uneasy with the idea of sharing your brokerage account, you may choose to publish your trades, verified or not, via pictures. Included in Profit.ly are the vast number of trading classes, the ability to view statistics on a person’s profile and other methods to communicate with your gurus via chatrooms as well as email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his efforts in penny stock trading. According to Investopedia Penny stock is a small business’s stock that trades for less than $5 per share. The penny stock market is an opportunity for small-scale businesses to make the transition to a market that is larger as it allows them to access money from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of expertise.
Beginning in the latter years of High School, Tim Sykes has, since then, earned over $6 million of profits through his lengthy career as a trader. At the age of 25 Tim Sykes had received greater exposure and an even wider reach of influence when he was a part of the reality show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms and 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 platform 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 sources, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to the trading experts who have proven to make substantial profits from their combined years of knowledge. Twitter @Timothy Sykes
At its peak, Profit.ly had housed up to five gurus. Each of them a pro 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 there are only two gurus who remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll see him focus on the fundamental catalysts for stocks and utilize them to predict the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for 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 per month, this is the perfect plan for those who are committed to penny stock trading. Pennystocking Silver includes all the basic features found in the previous plan, including swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos that are updated weekly.
The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading profits. Twitter @Timothy Sykes
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket as well as the mobile application, daily market commentary shown in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to an extensive base of knowledge that is provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all previous lessons. Additionally you’ll also gain an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the world of online trading and make a mark on the industry, Profit.ly has the right amount of tools to get you going. The platform offers three membership tiers, each designed for traders at different levels. Let’s look at what the three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. Once you have signed up for this plan you’ll be given a slew of robust 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 with Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit as well as leading, following and even chatting with other traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze, sort, or filter the trades you make and, finally, see other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it might look appealing just by the price however, there’s a drawback. You can’t create a private profile, thus making your activities publicly available. If you’re looking to have an account with this option, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to take advantage of the majority of features available in The Novice package. This plan allows that you can create a private profile to share with fellow associate users all your knowledge and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to harness their expertise in trading. As nice as it seems, there is one significant aspect that’s not included. Unlike the previous Novice package, this one won’t be able to see the statistics of other traders this could be a problem for those who are anticipating this level. Twitter @Timothy Sykes
This is by far the highest premium package that Profit.ly could offer for seasoned traders. It costs $74.95 each month with an additional 22% discount for annual billing the Pro plan has it all. It gives you full, unlimited access to all 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 option of creating a private profile. Both of these features, plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of an option that gives you with everything you require as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly offers a number of other services they provide. One of them is the online store, which allows users to select from a variety of video products designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the site 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 on penny stocking, short stocking, as well as all aspects of trading. There are also clips and clips of the Annual Pennystocking Conference, and other products by expert traders.
The chat rooms that are integrated are also part of Profit.ly’s array of services and features. 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 provide live chat support. But on Profit.ly the chat room is viewed as a hands-on place where gurus and their members trade and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members. Some may be a laid-back person who is rarely active, while another may be more online and communicative with their students. Think of chat rooms as Profit.ly’s version of the forum in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, ranging from novices to the most experienced. Considering the number of offers it can provide it is certain to have something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. In addition, they will be provided with videos every week and chat room advice from its in-house gurus and their members. They’ll also be able to pick from the merchandise available from its online store that they can take with them wherever they may travel. They can also gain hands-on experience trading on the platform, but eventually they’ll realize that trading is a risky game that should not be viewed as an amusing pastime.
For the traders with decades of experience in the line, we believe Profit.ly equally suitable for them as it is for the newcomers. Although the novices might not be as proficient in dealing with trading issues however, experienced traders know how it works and the plethora of risks that come with it. It is ideal to make use of Profit.ly’s range of options to their maximum advantage to develop their trading abilities. As beginners, they are able to learn from the experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to help navigate them through the ever-changing trading process. Twitter @Timothy Sykes
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with a wealth of education communications, trading, and communication tools
- You’ll receive excellent training and insights from its inside experts, as well as video libraries that teach you how to learn 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 when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There’s something for every person
- Profit.ly’s abundance of packages and services offered could be too much for the majority of its users
- As traders may opt to make any type of trade, there is the possibility that some of them may take advantage by selecting the best trades in order to increase the rating – this may be a concern that should not be overlooked.
- Profit.ly does not offer refunds as its premium users are expected to instantly take advantage of the numerous services that the platform can offer
The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s an affirmative “yes”. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, you should have an open mind. Twitter @Timothy Sykes
What we do mean by ‘yes’ is that it can be a great learning tool. People who are stuck may find Profit.ly’s variety of resources helpful as they do their best to avoid losses and perform better than they did before. It’s not only the struggling traders that will profit 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 is a fantastic option to begin.
FAQ Twitter @Timothy Sykes
How can you make use of Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries within the My Trade category on the dashboard which lets you record your trades that are verified or not. You may choose between three choices:
- Linking your account with your broker of choice and import trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the small blue check. If you upload the information manually or via pictures, it will be classified as unverified.
The downside of having an unauthentic trade is the chance of receiving negative feedback from fellow peers. Too many downvotes may cause you to be listed in the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just seeking to make the most profit but also help each other learn and improve in acquiring opportunities in the stock market all over the world.