The stock market can be an exciting game with high stakes. On some days, you could be reaping the benefits of positive and satisfactory numbers. On other days, however it could be the reverse and it could be very difficult to get back to the point you were at your peak. If you are constantly stuck in the gutter You will need to recognize that relying on instinct and survival may not always be enough.
If you’ve suffered losses from time to time You’ll need reliable advice from tested and tried trading experts. Also, you’ll need an important boost from colleagues in the market from all over the globe, which is why we’ve discovered an online platform that will help you in your growth 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Abrahamgluck Profitly
Users Experience 4.5/5
Profit.ly is an online trading platform that permits traders of different levels to be informative responsible, transparent, 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 content.
What is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for people who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Offering users a broad variety of tools for communication and trade and letting traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines of the platform. Consider it an online social media platform similar like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never prior to.” This idea, he added, served two purposes: 1) making public records for not just the gurus, but also the students and newsletter writers and secondly) making it possible for all users to be enlightened by both losses and wins to benefit the industry of trading. Abrahamgluck Profitly
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of services and features geared toward the success of their business. You can create an account for free, but you’re only given the capability to browse the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time, you will need to join one of Profit.ly’s offers, which we will discuss in the near future.
Making an account easy: create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll be given the chance to climb through high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a look at the performance of the trading community and its experts. It’s not only a chance to show your worth to a group of traders, but you are also able to use Profit.ly to buy with a guru, and have the assurance that you’re confident of their knowledge and the credibility of their claims.
If you feel uneasy with the concept of leaking the details of your broker account you can opt to post your trades, either verified or not, via screenshots. Also included in Profit.ly is the huge selection of trading courses, the ability to view stats in a trader’s profile, and more ways to interact with your experts through the chatroom as well as email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru 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 shares that trade for just less than 5 cents per share. The trading of penny stocks could be viewed as an avenue for small-scale businesses to make the transition to a market that is larger as it allows them to access capital from the general public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes is sure to reveal through his many years of expertise.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in earnings through his lengthy career as a trader. At 25 years old Sykes was given more exposure and a wider reach of influence when he became part of the reality show “Wall Street Warriors.” He made use of the show to create trading rooms and penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped to establish Profit.ly as a place of openness, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have made significant amounts of profit from their combined years of knowledge. Abrahamgluck Profitly
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the field 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 there are only two gurus who remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a 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-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll be able to see him focus on the basic stock catalysts and employ them to predict the next moves that could occur when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app 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 program. At $149.95 monthly, this is a great option for investors who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features found in prior plans, such as swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading profits. Abrahamgluck Profitly
The Superman Alerts plan is an offering of essential features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile app, daily market updates in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge of information provided by Superman himself, via his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. On top of that you’ll also gain access to premium research reports as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to get you up and running. The platform has three membership levels that cater to traders of different levels. Let’s take a look at what these 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 those who are new to the trading world. When you sign to this plan, you will be immediately given a slew of robust and vital trading tools, each one of them essential in keeping your fingers on what call a competitive process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice package is the capability to check the results of your trades and track profit as well as leading, following and even texting your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards; analyze your trades, sort or filter the trades you make and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per month. While it may look attractive for the price alone, there is a downside. It isn’t possible to create a private profile, which makes your actions public. If you’re interested in get an account with this option, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to take advantage of a majority of features from The Novice package. It is in this plan that you can set up an individual profile that allows you for sharing with fellow associates all your insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to harness their expertise in trading. Although it’s a nice thing but there’s one important element that’s missing. As opposed to the prior Novice package, you won’t be able to see other traders’ statistics that might be a drawback for those who are eager to try this new tier. Abrahamgluck Profitly
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. It costs $74.95 monthly, with a 22% discount when billed annually, this tier has everything. You get full, no-holds-barred access to all features of the previous plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the option of creating your own private profile. These two features are in addition to the advantages you’ll be able to use to their fullest capacity. If you’re looking for an option that gives all the features you need to be a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly provides a variety of other services they provide. One of them is the online store, where customers can choose from a wide array of video products designed to inform and guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be purchased immediately for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and clips taken from the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s array of features and services. You may be familiar with chat rooms since you can find it throughout social and messaging platforms and also on a few specialty websites that offer live chat support. But in Profit.ly it’s seen as a hands-on area where experts and members trade and learn in real time. Each guru has their style when it comes to running their chat room and dealing with the members. Some may be more laid back and less active, while another might be more online and communicative with their students. Think of the chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock traders, ranging from novices to the most experienced. With the variety of deals it can provide, the platform surely has something for every person.
For instance, newbies will appreciate Profit.ly’s knowledge-based materials available across the platform. They will also be enriched with weekly videos and chat room tips by its internal gurus as well as their members. Additionally, they can select from the products from its online store for them to take wherever they may be. Additionally, they can gain practical experiences by trading through the platform, but ultimately, they will soon learn that trading is a risky game that should not be viewed as a joke.
For traders who have years of exposure down the line, we see Profit.ly as equally as suitable to them as the newcomers. Although the novices might not be as well-equipped with dealing with trading issues, the pros already understand how it works and the stack full of risks that come with it. In the ideal scenario, they can use Profit.ly’s array of features to their best advantage to improve their trading skills. Like beginners, they can learn from the top experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the fun! Those in the trading industry who are on an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others in order to navigate them through the ever-changing trading process. Abrahamgluck Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You’ll be taught by experts and insights from its inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and dependable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There’s something for all
- Profit.ly’s bountiful stream of packages and services offered could be too much for most of its customers
- If traders decide to post any kind of trade, there is a possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings This could be a concern that should not be overlooked.
- Profit.ly does not accept refunds as its premium users will immediately benefit from the number of features the platform is able to provide
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The Final Verdict: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it’s yes. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform was not always intended to be created to achieve this goal. Instead, you need to have curiosity. Abrahamgluck Profitly
What we do mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they might discover Profit.ly’s variety of resources to be helpful as they do their best to reduce loss and perform better than before. Not only struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be more successful in trading and would like to learn from your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Abrahamgluck Profitly
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries in the ‘My Trade section of the dashboard that lets you post your trades that are verified or not. There are three options:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your trades
How can I tell whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there’s an excellent likelihood that it can be verified. This is indicated with the blue check mark. If you upload it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving negative feedback from fellow peers. A large number of downvotes could result in you appearing in the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are trying to maximize profits but also help each other grow and learn more about acquiring opportunities on the stock market left and right.