The stock market can be an extremely risky game. On some days, you could enjoy the benefits of positive and satisfactory numbers. However, 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 need be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve been incurring occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from fellow traders from around the globe, which is why we’ve identified an option that can help you in your improvement in the industry. We’ll take the time to look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Alex Sposito Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of various levels to be informative responsible, transparent, and to build relationships with each other by offering a wide range of features and tools including chat rooms, trade verification and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for people who are starting out and as a hub for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. It provides users with a vast range of resources for trade and communication, it helps traders from every field of business connect with one another. It gives the gurus an opportunity to invest in the right areas of the platform. Consider it the social media equivalent to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform for trading is built 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 stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes magazine Sykes said that Profit.ly was motivated by its focus “on showing all trades, something that was never done before.” This idea Sykes said served two goals: 1.) making public records for everyone, not just the experts, but also the newsletter authors and students, and 2) allowing everyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. Alex Sposito Profitly
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of tools and services that are geared toward success. It is possible to create an account for free, but you’re only given the capability to browse the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s offerings that we’ll review in the coming days.
The process of opening an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account and you’ll have the chance to climb your way to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a look at their performance as a trading group and its experts. You’re not just allowed to demonstrate your worth to a community of traders, but you can also use Profit.ly to purchase from a guru with the confidence that you are confident in their skills and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, you may choose to publish your trades, verified or not, via pictures. Also included in Profit.ly is the huge selection of courses in trading as well as the ability to look at stats in a trader’s profile and other methods to connect with your gurus in 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 trading guru who has been famously known for delving his hands into trades in penny stocks. According to Investopedia Penny stock refers to a small company’s shares that trade for less than $5 per share. The trading of penny stocks could be viewed as a stepping stone for small companies to move to a market that is larger as it allows them to access funds from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes is sure to reveal through his many years of experience.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, made over $6 million of profits during his long and successful career as a trader. At 25 years old Sykes was given greater exposure and an even wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He then used the opportunity to establish trading rooms as well as penny stock themes and educational material aimed 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 on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of learning tools, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the trading experts who have made substantial profits from their collective years of expertise. Alex Sposito Profitly
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their niche in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, however, only two gurus remain on this 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 what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll be able to see him concentrate on the fundamental stock catalysts and use them to predict the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS and Android devices, text, e-mail, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 monthly, it is an ideal plan for investors who are invested in penny stock trading. Pennystocking Silver includes all the basic features that were included in earlier plans such as swing trading alerts as well as unlimited access to a library of over 7,000 educational videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Alex Sposito Profitly
The Superman Alerts plan is his offering of essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile application, daily market updates in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base provided by Superman himself via the Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. In addition you’ll also have the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
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 going. The platform has three membership tiers that are designed to accommodate traders of different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the world of trading. Once you have signed to this plan, you will be immediately provided with a variety of powerful and essential trading tools, each of which is essential to keep your fingers on what we could call a ruthless process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following, and even messaging your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze your trades, sort as well as filter trades and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. It isn’t possible to create a private account, making your actions public. If you do want to get an account with this option, be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows you to take advantage of a majority of features from the novice plan. It is in this plan that you are able to create an individual profile that allows you for sharing with fellow associates all your insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to improve their trading skills. While it’s nice however, there’s a crucial element that’s missing. Unlike the previous Novice package, you won’t be able to see other traders’ statistics that could be a problem for those eager to try this new tier. Alex Sposito Profitly
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly offers to experienced traders. With $74.95 per month, and a 22% discount when billed annually This plan offers everything. You will have full, unrestricted access to all features from the two previous plans.
Not only do you get to view other people’s stats, but you’re also given the option of creating your own private profile. Both of these options, plus the other benefits that you can use to the maximum extent. If you’re looking for an option that gives you everything you need as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly has a few more services it has to provide. One of these is its online store, which lets users select from a variety of video products designed to inform and help you understand the ins and outs of trading. All of the products featured on this page of the website is available to be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and other things trading-related, clips and clips taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s variety of services and features. You are probably familiar with chat rooms since you can see it across messaging and social platforms, as well as some specialty websites that provide live chat support. But in Profit.ly, it is seen as a hands-on space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members. One of them may be a laid-back person who is rarely active, while another might be more interactive and online in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock trader types, from novices to experienced professionals. Considering the number of offers it offers, the platform surely has something for all.
For instance, newbies will appreciate Profit.ly’s collection of educational information available on the platform. In addition, they will get daily videos and chat room advice by its internal gurus as well as their members. Additionally, they can choose from the items on its store online to carry with them wherever they be. Additionally, they can gain practical experiences by trading through the platform, however they’ll realize that this is a risky game that should not be viewed as an opportunity to make fun of.
For those traders who have had many years of experience down the road, we consider Profit.ly as equally as suitable for them as it is for those who are just starting. While the newbies may not be as proficient in dealing with trading issues, the pros already understand how it works and the risky mix that it carries. It is ideal to utilize Profit.ly’s array of features to their best advantage to develop their trading skills. As beginners, they are able to learn from the top experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-in” approach isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Trade professionals who are at an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others in order to assist them in the ever-changing trading process. Alex Sposito Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with a wealth of education tools, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There is truly something for every person
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for most of its users
- If traders decide to open any kind of trade, there’s a possibility that some of them may take advantage by cherry-picking the best trades to increase the rating – this may be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds, as its premium users are expected to instantly take advantage of the numerous services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of an answer to this question, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always intended to be created to achieve this goal. Instead, you need to have the ability to think with an open heart. Alex Sposito Profitly
What we mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck might be able to find Profit.ly’s array of resources helpful when they try their best to reduce loss and perform better than they did before. It’s not just the struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being more successful in trading and would like to learn from your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Alex Sposito Profitly
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers a trade entry portion within the “My Trade category on the dashboard which allows you to post your trades, either verified or not. There are three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
How do I know whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there is the likelihood that it can be verified. This is evident by the blue check mark. If you upload it in a manual way or by taking pictures, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the chance of receiving negative feedback from colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market all over the world.
