Stock trading can be a high-stakes game. On some days, you could enjoy the benefits of positive and satisfactory numbers. However, on other days it could be the reverse, and it may sometimes be extremely difficult to return to the point you were at your best. If you’re always in the mud, you will have to recognize that relying on your instincts and preserving might not be enough.
If you’ve experienced losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the globe. That’s 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 all-in-one 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.
Total Rating: 4.1/5 Cnbc Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of different levels to be knowledgeable responsible, transparent, and encouraging each other by offering a wide array of tools and features such as 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 training platform for people who are starting out as well as a place for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. It provides users with a vast variety of tools for trade and communication and letting traders from every field of business connect with one another. It also allows gurus to make worthy investments within the boundaries of this platform. Think of it as an online social media platform similar the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are valid and won’t allow for fraud as much as is humanly possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that has never been prior to.” The idea was, he said, serving two goals: 1.) making public records for not just the gurus as well as students and newsletter writers as well as) giving all users to learn from both the wins and losses to the benefit of the trading industry. Cnbc Profitly
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of features and services aimed at achieving success. It is possible to create an account for free, but you’re only given the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
Making an account simple: Create an account with your experience and skills, join your brokerage account, and you’ll be given an opportunity to make your way to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users an insight into their performance as a trading group as well as its experts. It’s not only a chance to demonstrate your worth to a group of traders, as you can also utilize Profit.ly to shop with a guru, and have the confidence that you are confident of their knowledge and the credibility of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, then you could opt to post your trades, whether verified or not, via screenshots. Included in Profit.ly are a variety of trading classes and the capability to see the stats of a trader’s account 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 Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his efforts in penny stock trading. According to Investopedia Penny stock is a small business’s shares that trade for less than $5 per share. The trading of penny stocks could be viewed as an avenue 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 make the mistake of thinking that it’s also a high-risk game, which Sykes is sure to reveal through his many years of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as a trader. At 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he became part of the reality series “Wall Street Warriors.” He made use of the show to establish trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. 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 most appealing features is the wide range of learning sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have made substantial profits from their combined years of knowledge. Cnbc Profitly
At its peak, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS and Android devices, email, text and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. At $149.95 for a month this is the perfect plan for those who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in the previous plan, such as alerts for swing trading and access to a rich library of more than 7,000 instructional videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Cnbc Profitly
The Superman Alerts package is his offer of the most essential features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist and the mobile app, the daily market commentary shown in real-time, as well as E-mail and SMS alerts.
The film “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 the Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. In addition, you’ll also get access to premium research reports and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of tools to get you started. The platform offers three membership levels, each designed for traders with different levels. Let’s break down what these three tiers are and how much they will 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 offered a range of strong and essential trading tools, each one of them essential in keeping your fingers on what can describe as a cutthroat process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the ability to confirm trades and track profits and follow-up, leading and even texting your fellow traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study, sort, and filter your trades; and, lastly, view other’s stats.
The Novice plan is $29.95 per monthly payment. Although it looks attractive just by the price, there is a downside. It isn’t possible to create a private profile, thus making your activities publicly available. If you do want to get an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows users to benefit from the majority of features available in the novice plan. This plan allows that you can set up a private profile to share with fellow associate users all the insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to develop their expertise in trading. While it’s nice but there’s one important element that’s missing. Unlike the previous Novice package, you won’t be able to view other traders’ stats this could be a problem for those who are eager to try this new tier. Cnbc Profitly
Pro Plan
The Pro plan is the highest luxurious package Profit.ly offers to experienced traders. At $74.95 per month, with an additional 22% discount for billing annually This plan offers everything. It gives you full, unlimited access to all features from the two previous plans combined.
You’re not only able to view other people’s stats, but you’re also given the option of creating your own private profile. Both of these features, in addition to the advantages that you can utilize to their fullest capacity. If you’re looking for an option that gives all the features you need to be an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly offers a number of additional services that it can offer. One of them is the online store, which lets users select from a variety of instructional videos that are created to provide guidance on the ins and outs of trading. All of the products featured in this section of the site can be immediately purchased for personal use. Among these products include best-sellers like the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other aspects of trading. There are also clips and footage of events like 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 chat rooms since you will see it on messaging and social platforms, in addition to a few special websites that provide live chat support. But in Profit.ly the chat room is viewed as a place where gurus and their members trade and exchange knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members. Some may be more laid back and less active, while another may be more active and in touch in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock trader types, from beginners to experienced pros. Given the wide range of options it has to offer it is certain to have something for all.
Beginners, for instance, will enjoy 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 select from the products on its store online to carry with them wherever they go. You can also get hands-on experiences by trading through the platform, but eventually, they will soon learn that trading is a risky game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had decades of experience in the road, we consider Profit.ly as equally as suitable to them as people who are just beginning. While novice traders may not be as adept at managing trading but the experts already know how it works and the risky mix that come with it. In the ideal scenario, they can make use of Profit.ly’s variety of features to their full advantage to improve their skills in trading. As beginners, they are able to study from the gurus and experts , and use those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced 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 the power of Profit.ly’s capabilities to display their expertise to other traders in order to navigate them through the ever-changing trading process. Cnbc Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You get to be provided with excellent lessons and insights from its in-house gurus, including libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and authentic trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via screenshots
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There’s something for all
The Cons
- Profit.ly’s numerous products and packages offered might be too much for the majority of its users
- Since traders can choose to make any type of trade, there’s an opportunity that some them could profit from picking the most profitable trades to increase the rating This could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds because the premium customers will immediately benefit from the many services the platform has to provide
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The Final Verdict: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always meant to be designed for this reason. Instead, you should have an open mind. Cnbc Profitly
What we do mean”yes” is that it can be a great learning tool. People who are stuck might be able to find Profit.ly’s range of resources to be helpful as they do their best to incur lesser losses and perform better than they did before. It’s not just the poor traders that can 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 peers and experts on the way, look no further – Profit.ly could be a good alternative to start.
FAQ Cnbc Profitly
How can you make use of Profit.ly to make your trades public?
Profit.ly has a trade entry portion within the ‘My Trade’ category of the dashboard that allows you to post your trades that are verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is a high 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 classified as unverified.
The downside of having an unauthentic trade is the possibility of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities on the stock market both right and left.
