Stock trading is a high-stakes game. On certain days, you might have the benefit of positive and satisfying numbers. On other days, however you may experience the opposite and it could be extremely difficult to return to the point you were at your best. If you are immersed in the water, you will have be aware that relying solely on instinct and survival might not be enough.
If you’ve experienced loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from fellow traders from around the world, which is why we’ve found a platform that can support you to improve your performance in the market. We’ll be taking the time to 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Bryce Profitly
Users Experience 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be knowledgeable, transparent, accountable, and encouraging each other by offering a wide array of tools and features like trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for those new to trading and also as a platform for traders who are experienced to monitor their performance with the help of advanced analytics tools. Offering users a broad array of options for communication and trade, it helps traders from all walks of life network with one another. It also allows gurus to make worthwhile investments within the confines of the platform. Think of it as the social media equivalent like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The trading platform is built on transparency and honesty: it makes sure that trades are authentic and won’t allow for fraud as much as it is possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine Sykes stated that Profit.ly was driven by its focus “on the transparency of every trade, something that was never previously done.” This idea, he added, served two purposes: 1) creating public track records for all traders, not just the gurus and newsletter authors and students and secondly) making it possible for everyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. Bryce Profitly
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to have access to a range of features and services aimed towards achieving achievement. It is possible to create an account on the site for free, but you’re limited to access to 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 it is necessary to join one of Profit.ly’s offerings that we’ll review in the coming days.
Setting up an account is easy: create a profile with your experiences and expertise, connect your brokerage account, and you’ll have an opportunity to make your way to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users an insight into their performance as a trading group as well as its experts. You’re not just allowed to demonstrate your worth to a large group of traders, as you can also use Profit.ly to buy with a guru, and have the confidence that you are confident in their skills and the legitimacy of their claims.
If you are unsure about the idea of divulging the details of your broker account you can opt to post your trades, verified or not, by taking pictures. In Profit.ly is the huge selection of trading classes and the capability to see the stats of a trader’s account and other methods to connect with your gurus through the chatroom along with notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for less than $5 per share. Penny stock trading can be seen as an avenue for small companies to move into a larger market because it allows them to access capital from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes can surely tell thanks to his years of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as trading professional. At 25 years old Tim Sykes had received greater exposure and an even wider influence over time as a participant in the reality show “Wall Street Warriors.” He then took advantage of it to create trading rooms as well as 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 place 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 amazing features is the variety of educational tools, trade alerts and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to experts in the field of trading who have made significant amounts of profit from their collective years of experience. Bryce Profitly
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on this platform: the founder and 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 has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll observe him focus on basic stock catalysts and employ them to predict the next move that is possible when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS as well as Android devices, texts, emails and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version that has been upgraded of the Tim’s Alerts package. At $149.95 for a month this is a great option for investors who are involved in the penny-stock market. 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 rich library of over 7,000 educational videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known 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 the time he started trading, Superman has amassed over $5.5 million in trading profits. Bryce Profitly
The Superman Alerts package is his package of vital features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket along with the mobile application, daily market commentary in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to an extensive base of knowledge provided by Superman himself, via his Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. Additionally you’ll also have access to premium research reports as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers that cater to traders with different levels. Let’s take a look at what these three levels are and what they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. Once you have signed to this plan, you will be immediately offered a range of strong and indispensable trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can do with Profit.ly’s Novice program is the capability to check trades and track profits as well as leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards, analyze the results of your analysis, sort, and filter your trades and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price, there is a downside. You can’t create a private profile, thus making your activities publicly available. If you do want to have access to this feature, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader package lets you to take advantage of a majority of features from the novice plan. It is in this plan that you can set up a private profile for sharing with fellow associate users all the insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to improve their trading skills. Although it’s a nice thing, there is one significant feature that is missing. In contrast to the Novice package, you won’t be able to view other traders’ statistics this might be a drawback for those looking forward to this tier. Bryce Profitly
The Professional plan can be described as the highest luxurious package Profit.ly can offer to experienced traders. At $74.95 each month and an additional 22% discount for annual billing the Pro plan has everything. You get full, no-holds-barred access to all features from the two prior 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 on top of all the benefits that you can use to the maximum extent. If you’re looking for an account that will give all the features you need to be a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly has a few other services they provide. One of those is its online store, which lets users pick from a range of videos designed to inform and guide you through the ins and outs of trading. The products listed on this page of the website is available to be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and scenes of the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s range of services and features. You are probably familiar with the chat room since you can see it across social and messaging platforms and also on a few specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a space where experts and their members can interact and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members. One of them may be more laid back and rarely engaged, while another could be more online and communicative with their students. Consider chatrooms as Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock trader types, from novices to the most experienced. Given the wide range of options it can provide it is certain to have something for every person.
For instance, newbies will enjoy Profit.ly’s library of learning content offered throughout 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 select from the products in its online store to carry with them wherever they go. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll realize that the process is a high-stakes game that shouldn’t be treated as a joke.
For those traders who have had many years of experience down the road, we consider Profit.ly as equally as suitable to those who are just starting. While novice traders may not be as proficient in managing trading but the experts already know the way it functions and the plethora of risks that it carries. It is ideal to utilize Profit.ly’s variety of features to their best advantage to improve their skills in trading. As beginners, they are able to study from the gurus and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the enjoyment! Trade professionals who are on an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their expertise to other traders as a way to navigate them through the ever-changing trading process. Bryce Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You get to receive excellent training and tips from the inside experts, as well as collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There’s something for all
- Profit.ly’s bountiful stream of packages and products offered may not be enough for most of its users
- If traders decide to open any kind of trade, there is a possibility that some of them could profit from cherry-picking the best trades to boost their rating This could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds because its premium users are expected to immediately benefit from the many services the platform has to offer
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The Final Verdict: Is Profit.ly Worth It?
If we could come up with the answer, it’s a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t meant to be designed for this reason. Instead, you need to have curiosity. Bryce Profitly
What we do mean by ‘yes’ is that it can be a great learning tool. People who are stuck may find Profit.ly’s array of resources helpful as they do their best to incur lesser losses and be more successful than they did before. It’s not only the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you really want to become more successful in trading and would like to be taught by your mentors and peers throughout the process, then look no further – Profit.ly could be a good choice to start.
FAQ Bryce Profitly
How can you make use of Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries under the “My Trade category on the dashboard. It allows you to post your trades that are verified or not. There are three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your transactions
How do I know whether the trade is authentic 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 upload it in a manual way or by taking images, it will be assigned as unverified.
The drawback of posting an unverified trade is the chance of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities on the stock market all over the world.