Stock trading can be an exciting game with high stakes. On some days, you may have the benefit of pleasing and positive numbers. On other days it could be the reverse and it can be extremely difficult to return to the point you were at your most productive. If you’re immersed in the water You will need to realize that relying on instinct and survival might not be enough.
If you’ve experienced occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe, which is why we’ve identified a platform that can support you to improve your performance in the industry. 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Airplane Jane 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 allows traders of different levels to be informative, transparent, accountable, and encouraging each other by offering a wide variety of tools and features including chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for traders who are starting out as well as a place for traders who are experienced to monitor their performance with the help of advanced analytics tools. Offering users a broad range of resources to facilitate trade and communication, it helps traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Consider it a social media site akin like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are valid and won’t tolerate inauthenticity as much as it is possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes publication, Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been done before.” The concept was, he said, serving two goals: 1.) creating public track records for not just the gurus as well as newsletter authors and students, and 2) giving all users to be enlightened by both losses and wins to the benefit of the trading industry. Airplane Jane Profitly
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of tools and services that are geared toward success. You can create an account there at no cost, however you’re only limited to having the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing 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, which we will discuss in the near future.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll have an opportunity to make your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users an insight into their performance as a trading group as well as its gurus. It’s not just a way to prove that you’re worthy to the large group of traders. You can also use Profit.ly to purchase from a guru with the assurance that you’re confident with their expertise and the credibility of their claims.
If you are unsure about the idea of sharing your brokerage account, you may decide to share your trades, verified or not, via screenshots. Included in Profit.ly is the huge selection of trading courses as well as the ability to look at statistics on a person’s profile, and more ways to interact with your experts through the chatroom along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for less than $5 per share. The penny stock market is an avenue for small businesses to transition to a large marketplace as they can access capital from the public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal thanks to his years of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, earned an estimated $6 million profit during his long and successful career as a trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider reach of influence when he became part of the reality series “Wall Street Warriors.” Then, he made use of the show to establish trading rooms as well as penny stock themes and educational content geared toward those who are new to trading. He also helped to establish Profit.ly as a place for transparency, and for the community to uplift 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 sources, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have proven to make substantial amounts of money from their collective years of experience. Airplane Jane Profitly
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche within the world of trading. Some of the most famous experts included 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 this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next move that is possible when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS and Android devices, as well as texts, emails, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. At $149.95 per month, this is a great option for those who are involved in penny stock trading. Pennystocking Silver offers all the essential features of earlier plans such as swing trading alerts and unlimited access to a collection of more than 7,000 educational videos and new videos released weekly.
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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 tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Airplane Jane Profitly
The Superman Alerts package is his offer of the most essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile app, the 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, plus access to a knowledgeable base of information provided by Superman himself via his Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. In addition, you’ll also get access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to get 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 entry-level plan designed especially for people who are brand new to the trading world. As you sign up for this plan you’ll be offered a range of strong and indispensable trading tools, all of them integral in keeping your fingers on what could call a ruthless process in and of itself.
Among the list of things you can do with Profit.ly’s Novice package is the ability to confirm trades and track profits; leading, following and even texting other traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze, sort, or filter the trades you make; and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, thus making your actions public. If you’re looking to get an account with this option, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in The Novice package. In this plan, that you can set up an individual profile that allows you to share with fellow associate users all the insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to harness their expertise in trading. As nice as it seems however, there’s a crucial element that’s missing. Unlike the previous Novice package, this one won’t be able to view other traders’ statistics this could be a disadvantage for those looking forward to this tier. Airplane Jane Profitly
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 per month, with a 22% discount for billing annually the Pro plan has everything. It gives you full, unlimited access to all options of the previous plans combined.
You’re not only able to see other users’ stats, but you’re also given the chance to create your own private profile. Both of these features, plus the other benefits that you can use to their fullest capacity. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly offers a number of more services it has to provide. One of these is its online store, which lets users pick from a range of video products that are designed to educate and provide guidance on the ins and outs of trading. All of the products featured on this page of the website can be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and scenes taken from 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 services and features. You may be familiar with the concept of chat rooms since you can find it throughout messaging and social platforms, and also on a few specialty websites that provide live chat support. But in Profit.ly the chat room is viewed as a space where experts and their member traders can communicate and learn in real time. Every guru has their own style in running their chat rooms and dealing with the members. One might be laid back and less active, while another may be more online and communicative in their interactions with students. Consider chatrooms as Profit.ly’s version of the forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock trader types, from novices to experienced professionals. With the variety of deals it can provide this platform definitely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. They will also be provided with videos every week and chat room advice from the in-house experts and their members. Additionally, they can pick from the merchandise available on its store online to carry with them wherever they may travel. You can also get hands-on experiences by trading through the platform, but ultimately they’ll realize that the process is a high-stakes game that should not be viewed as a joke.
For traders who have many years of experience down the line, we believe Profit.ly equally suitable to them as those who are just starting. While novice traders may not be as proficient in handling trading matters but the experts already know the way it functions and the stack full of risks that it carries. Ideally, they may use Profit.ly’s range of options to their maximum advantage to develop their skills in trading. As beginners, they are able to learn from the experts and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Verified experts can also join in the excitement! Trade professionals who are on an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to help assist them in the ever-changing trading process. Airplane Jane Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with tons of learning, communication, and trading tools
- You get to receive excellent training and tips from the internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There’s something for every person
The Cons
- Profit.ly’s abundance of packages and services offered could seem overwhelming for most of its customers
- If traders decide to post any kind of trade, there’s the possibility that some of them may take advantage by cherry-picking the best trades to increase the rating This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds because the premium customers are expected to immediately benefit from the number of features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could think of the answer, it’s yes. However, you must realize that the platform should not be used as a scheme to get rich quick. It wasn’t intended to be created in this way. Instead, you need to have the ability to think with an open heart. Airplane Jane Profitly
What we do mean”yes” is it can be a great learning tool. People who are stuck could find Profit.ly’s array of resources helpful when they try their best to reduce losses and perform better than before. It’s not just the struggling traders that will benefit from the 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 be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Airplane Jane Profitly
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the My Trade’ category of the dashboard. It allows you to post your trades, verifiable or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Take a photo 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 the likelihood that it can be verified. This is shown by the blue check mark. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the risk of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to be listed on the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders as they not only are trying to maximize profits but also help each other develop and grow in their ability to take advantage of stock market opportunities both right and left.
