Stock trading is an exciting game with high stakes. On certain days, you might enjoy the benefits of positive and satisfying numbers. On other days, the opposite may happen and it could be extremely difficult to get back to where you were at your most productive. If you are constantly stuck in the gutter You will need be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve suffered loss from time to time 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 world, which is why we’ve identified an online platform that will help you in your growth in the market. In this review, we’ll be taking a look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Can You Fake Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of different levels to be informed and accountable, as well as transparent and encouraging each other by offering a wide array of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for people who are starting out as well as a place for experienced traders to track their performance using the aid of cutting-edge analytics tools. Providing users with a wide variety of tools for trade and communication, it helps traders from every field of business connect with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Think of it as the social media equivalent like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the trades are valid 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 the other expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been previously done.” This idea was, he said, serving two purposes: 1) creating public track records for not just the gurus, but also the newsletter authors and students as well as) giving all users to learn from both the wins and losses to benefit the industry of trading. Can You Fake Profitly
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of tools and services that are geared toward the success of their business. It is possible to create an account there at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s offerings, which we will review in the coming days.
The process of opening an account is easy: create a profile with your experiences and expertise, connect to your brokerage account, and you’ll have the chance to climb through high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users an insight into the performance of the trading community as well as its experts. You’re not just allowed to show your worth to a group of traders. You are also able to use Profit.ly to shop from a guru with the assurance that you’re confident in their skills and the credibility of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can choose to publish your trades, verified or not, by taking photographs. In Profit.ly are the vast number of trading classes, the ability to view statistics on a person’s profile, and more ways to communicate with your gurus through the chatroom in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his involvement in penny stock trading. According to Investopedia, a penny stock refers to a small company’s shares that trade for under $5 for each share. The penny stock market could be viewed as an avenue for small-scale businesses to make the transition to a large marketplace as they can access capital from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell thanks to his years of experience.
Beginning in his late years in the high schools, Tim Sykes has, since then, earned an estimated $6 million profits through his lengthy career as trading professional. When he was 25 years old Tim Sykes had received greater exposure and a larger impact when he was a part of the reality series “Wall Street Warriors.” Then, he used the opportunity to create trading rooms, penny stock themes, and educational content geared toward people who are brand new to trading. He also played a role in establishing Profit.ly as a place for transparency, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning tools, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to the experts in trading who have made significant amounts of profit from their collective years of experience. Can You Fake Profitly
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the trading industry. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of 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. With that taken into consideration, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll be able to be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS and Android devices, as well as text, e-mail and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. It costs $149.95 per month, this is an ideal plan for investors who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in the previous plan, which includes swing trading alerts and unlimited access to a library of more than 7,000 instructional videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Can You Fake Profitly
The Superman Alerts package is his offering of essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist as well as the mobile app, the daily market commentary shown in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. In addition, you’ll also get the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership tiers that are designed to accommodate traders of different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. When you sign up for this package you’ll be provided with a variety of powerful and vital trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice package include the ability to confirm trades and track profits as well as 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 and filter your trades; and, finally, see other’s stats.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone but there’s a disadvantage. You can’t create a private profile, thus making your personal information public. If you’re looking to have the benefit of this service, stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package allows users to benefit from many of the features of the novice plan. It is in this plan that you can set up an individual profile that allows you to share with fellow associates all your insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to improve their expertise in trading. While it’s nice but there’s one important feature that is missing. In contrast to the Novice package, you will not be able to view the statistics of other traders, which might be a drawback for some who may be looking forward to this tier. Can You Fake Profitly
Pro Plan
This is by far the highest luxurious package Profit.ly offers to experienced traders. It costs $74.95 per month, and 22% off for annual billing This plan offers it all. You will have full, unrestricted access to all the features of the prior plans.
You’re not only able to see other users’ stats as well, you’re also offered the option of creating an individual profile. Both of these features, plus the other advantages you’ll be able to use to the maximum extent. 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 for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly has a few other services they offer. One of those is its online store, which lets users select from a variety of videos that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other things trading-related, clips and footage taken from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of features and services. You’re probably familiar with the chat room since you can see it across messaging and social platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a hands-on area where experts and members can interact and share knowledge in real-time. Every guru has their own style in operating their chat room and in dealing with the members. Some may be a laid-back person who is less active, while another may be more interactive and online in their interactions with students. Consider chat rooms like 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 an array of stock traders, ranging from beginners to experienced pros. Given the wide range of options it can provide it is certain to have something for all.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. Not only will they get daily videos and chat room advice by its internal gurus and their members. They’ll also be able to pick from the merchandise available in its online store that they can take with them wherever they go. Additionally, they can gain practical experience trading on the platform, however they’ll realize that this is a risky game that shouldn’t be taken as a joke.
For traders who have many years of experience down the road, we consider Profit.ly equally suitable for them as it is for those who are just starting. Although the novices might not be as adept at managing trading however, experienced traders know how it works and the stack full of risks that it carries. It is ideal to use Profit.ly’s array of options to their maximum advantage to enhance their trading abilities. As beginners, they are able to learn from the experts and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-in” approach isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the excitement! Those in the trading industry who are on an equal level with Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to help assist them in the ever-changing trading process. Can You Fake Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You get to receive excellent training and insights from its in-house gurus, including collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via images
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates – there truly is something for all
The Cons
- Profit.ly’s bountiful stream of products and packages offered might be too much for most of its customers
- If traders decide to make any type of trade, there’s the possibility that some of them will profit by picking the most profitable trades to improve their ratings This could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds, as the premium customers are expected to immediately benefit from the many services that the platform can provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we were able to come up with the answer, it’s yes. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally intended to be created to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Can You Fake Profitly
What we do mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck may find Profit.ly’s array of resources useful as they do their best to reduce loss and perform better than they did before. Not only poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really desire to be more successful in trading and would like to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Can You Fake Profitly
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries under the ‘My Trade category on the dashboard which allows you to post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Take a photo of your transactions
How do I know if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there’s an excellent likelihood that it can be verified. This is evident by the blue check mark. If you post it manually or through images, it will be assigned as unverified.
The downside of having an unverified trade is the possibility of getting downvotes from your fellow peers. A large number of downvotes could result in you appearing on the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile version of the app works with all 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 seeking to make the most profit but also help each other grow and learn more about acquiring opportunities in the stock market both right and left.
