Stock trading can be an extremely risky game. On certain days, you could be reaping the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen, and it may sometimes be extremely difficult to return to the point you were at your peak. If you’re immersed in the water You will need to realize that relying on pure instinct and preservation is not always 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 enormous boost from your fellow traders from around the globe. That’s why we’ve found an option that can help you in your growth in the industry. This review will take the time to look at Profit.ly is a well-known 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 Brock Profitly
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of different levels to be knowledgeable responsible, transparent, and uplifting with each other by offering a wide variety of tools and features including chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for traders who are starting out as well as a place for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Providing users with a wide array of options for communication and trade and letting traders from every field of business connect with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Imagine it as a social media site akin like Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it ensures that the trades are authentic and won’t allow for fraud as much as possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on showing every trade, something that has never been prior to.” The concept was, he said, serving two objectives: one) making public records for all traders, not just the gurus, but also the students and newsletter writers, and 2) making it possible for all users to learn from the losses and wins to benefit the industry of trading. Brock Profitly
How Does It How Does It
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of features and services aimed at achieving achievement. It is possible to create an account on the site at no cost, however you’re limited to the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time, you will need to sign up to one of Profit.ly’s offers, which we will discuss in the near future.
The process of opening an account is easy: create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll be given the chance to climb your way to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously was designed to offer its users a look at the performance of the trading community as well as its experts. It’s not just a way to demonstrate that you’re worthy to the large group of traders. You are also able to use Profit.ly to buy with a professional with the confidence that you are confident in their skills and the veracity of their assertions.
If you’re not comfortable with the idea of sharing the details of your broker account you may choose to publish your trades, verified or not, by taking pictures. In Profit.ly are the vast number of trading courses and the capability to see stats in a trader’s profile, and more ways to communicate with your gurus through the chatroom along with 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 his involvement in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at less than $5 per share. The trading of penny stocks is a stepping stone for small-scale businesses to make the transition into a larger market because it allows them to access money from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made an estimated $6 million profit throughout his illustrious career as trading professional. When he was 25 years old, he had been given greater exposure and a larger reach of influence when he was a 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 just beginning to learn about trading. He also played a role in establishing Profit.ly as a platform for transparency, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have made significant amounts of profit from their collective years of knowledge. Brock Profitly
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field within the world of trading. 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 there are only two gurus who remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him focus on the fundamental stock catalysts and use them to anticipate the next moves that could occur 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 on iOS and Android devices, as well as texts, emails and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. It costs $149.95 per month, this is the perfect plan for investors who are involved in penny stock trading. Pennystocking Silver includes all the basic features that were included in prior plans, such as swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading profits. Brock Profitly
The Superman Alerts package is his offering of essential features and alerts on trading geared to those interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist as well as the mobile app, the daily market updates in real time, and 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 a knowledgeable base provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. In addition you’ll also gain an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the online trading community and make a mark on the industry, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership levels that cater to traders at different levels. Let’s break down what these three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. As you sign up for this plan, you will be immediately offered a range of strong and indispensable trading tools, each one of them essential in keeping your fingers on what we could call a ruthless procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit; leading, following and even chatting with other traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze your trades, sort or filter the trades you make and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your actions public. If you’re looking to gain the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader package allows you to use the majority of features available in The Novice package. In this plan, that you can create a private profile to share with other associate users all the 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 skills in trading. As nice as it seems but there’s one important aspect that’s not included. In contrast to the Novice package, this one won’t be able view other traders’ statistics, which could be a disadvantage for those eager to try this new tier. Brock Profitly
This is by far the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 monthly, and a 22% discount for annual billing This plan offers everything. You will have full, unrestricted access to all the features of the previous plans.
Not only do you get to see other users’ stats, but you’re also given the opportunity to create your own private profile. Both of these features, on top of all the benefits that you can use to the fullest potential. If you’re in search of a plan that can serve you with everything you require as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly provides a variety of more services it has to provide. One of them is the online store, which lets users pick from a range of instructional videos that are designed to inform and guide you through the nuances and pitfalls of trading. All of the products featured in this section of the site can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, as well as all aspects of trading. There are also clips and scenes of the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s range of services and features. You may be 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. However, in Profit.ly the chat room is viewed as a space where experts and their members trade and share knowledge in real-time. Every guru has their own way in running their chat rooms and dealing with the members there. One might be more laid back and not very often active, while another might be more online and communicative with their students. Think of the chat rooms as Profit.ly’s version of a forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock trader types, from beginners to experienced pros. Given the wide range of options it can provide this platform definitely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. They will also be provided with videos every week and chat room tips from its in-house gurus and members. They’ll also be able to select from the products from its online store to carry with them wherever they may go. Additionally, they can gain practical experience trading on the platform, however, they will soon learn that this is a risky game that should not be viewed as an amusing pastime.
For those traders who have had years of exposure down the line, we believe Profit.ly as equally as suitable to the newcomers. Although the novices might not be as proficient in managing trading however, experienced traders know the way it functions and the risky mix that come with it. In the ideal scenario, they can make use of Profit.ly’s array of features to their best advantage to develop their trading abilities. Like novices, they can learn from the top experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the excitement! People in the trade industry who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others in order to navigate them through the ever-changing trading process. Brock Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with a wealth of education, communication, and trading tools
- You will receive excellent training and advice from the company’s 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 when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There’s something for all
- Profit.ly’s bountiful stream of packages and products offered may not be enough for a lot of its users
- If traders decide to post any kind of trade, there’s an opportunity that some them will profit by cherry-picking the best trades to improve their ratings – this may be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds as the premium customers are expected to instantly benefit from the number of services the platform has to provide
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The Final Verdict: Is Profit.ly Valued?
If we could think of an answer to this question, it would be an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t intended to be created for this reason. Instead, it is best to keep an open mind. Brock Profitly
What we mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they might be able to find Profit.ly’s variety of resources to be helpful as they do their best to avoid loss and perform better than before. It’s not just the struggling traders that will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really desire to be a better trader and want 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 Brock Profitly
How do you use Profit.ly to publish your trades?
Profit.ly has a trade entry portion under the ‘My Trade’ category of the dashboard that lets you record your trades, either verified or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your trades
How do I know if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there’s the probability that it’s verifiable. This is evident by the small blue check. If you submit it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthentic trade is the risk of receiving negative feedback from colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, which is where the public can see who’s dishonest in posting 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 and on the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just trying to maximize profits but also help each other learn and improve in acquiring stock market opportunities all over the world.