Stock trading is a high-stakes game. On some days, you may be reaping the benefits of positive and satisfying numbers. On other days you may experience the opposite and it could be extremely difficult to return to where you were at your peak. If you’re immersed in the water, you will have to recognize that relying on instinct and survival might not be enough.
If you’ve been incurring occasional losses and you’re likely to require 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 online platform that will help you to improve your performance in the market. This review will be taking the time to look at Profit.ly is a well-known 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.
Overall Rating: 4.1/5 Coupon Code That Works Profitly
The User’s Experience 4.5/5
Profit.ly is an online trading platform that enables traders of all levels to be informative and accountable, as well as transparent and uplifting with one another through its wide array of tools and features such as chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for people new to trading and as a hub for experienced traders to track their performance through the use of sophisticated analytics tools. Providing users with a wide array of options for communication and trade, it helps traders from every field of business connect with one another. It also allows gurus to make 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 verifies trade performances and publishes all data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are valid and won’t allow for fraud as much as possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been done before.” The idea was, he said, serving two objectives: one) creating public track records for all traders, not just the gurus as well as newsletter authors and students and secondly) giving everyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. Coupon Code That Works Profitly
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of features and services aimed toward achievement. It is possible to create an account there for free, but you’re only given the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money to 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 an account that includes your personal information and skills, join to your brokerage account and you have yourself the chance to climb your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a glimpse of how the community of traders performs as well as its experts. It’s not just a way to prove your worth to a group of traders. You can also utilize Profit.ly to buy with a professional with the assurance that you’re confident in their skills and the credibility of their claims.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you may opt to post your trades, either verified or not, by taking screenshots. Included in Profit.ly are a variety of trading courses, the ability to view stats in a trader’s profile, and more ways to connect with your gurus through the chatroom in addition to 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 personality who has been famously known for his efforts in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s shares that trade for just less than 5 cents per share. The penny stock market is an opportunity for small-scale businesses to make the transition to a market that is larger as it allows them to access money from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes is sure to reveal thanks to his years of expertise.
Beginning at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as trading professional. At 25 years old Tim Sykes had received greater exposure and an even wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” He used the opportunity to create trading rooms, penny stock themes, and educational material aimed at those who are new to the trading field. He also helped to establish Profit.ly as a platform 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 most appealing features is the wide range of educational sources, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to experts in the field of trading who have proven to make substantial profits from their collective years of expertise. Coupon Code That Works Profitly
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise within the world of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on the 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 look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you will be able to see him concentrate on the basic stock catalysts and employ them to forecast the next possible moves in trading.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS as well as 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 premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 per month, it is the perfect plan for those who are more invested in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in earlier plans such as alerts for swing trading and access to a rich library of over 7,000 educational videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional 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 trading earnings. Coupon Code That Works Profitly
The Superman Alerts plan is an offering of essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket along with the mobile application, 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 and access to an extensive base of knowledge that is provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. Additionally, you’ll also get the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of tools to get you going. The platform has three membership tiers that cater to traders of different levels. Let’s look at what the three are and how much they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. When you sign up for this package, you will be immediately given a slew of robust and indispensable trading tools, each of them integral in keeping your hands on what we call a competitive process by itself.
The list of features you can do with 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 giving feedback on the trades of today. You can also get on leaderboards; analyze, sort, and filter your trades and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, which makes your activities publicly available. If you do want to have an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to take advantage of many of the features of the novice plan. This plan allows that you can set up an account that is private for sharing with fellow associate users all the insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to develop their skills in trading. As nice as it seems but there’s one important aspect that’s not included. As opposed to the prior Novice package, you will not be able to view other traders’ statistics this could be a disadvantage for those who are eager to try this new tier. Coupon Code That Works Profitly
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 each month and an additional 22% discount when billed annually the Pro plan has everything. It gives you full, unlimited access to all the features of the previous plans combined.
You’re not only able to view other people’s stats and data, but you also have the chance to create an individual profile. Both of these options, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for an option that gives you with everything you require as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly has a few other services they provide. One of them is the online store, which lets users pick from a range of instructional videos that are created to guide you through the nuances and pitfalls of trading. The products listed in this section of the site can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and other things trading-related, clips and footage from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s array of features and services. You’re probably familiar with the chat room since you can see it across social and messaging platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a real-time place where gurus and their members can interact and exchange knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members there. One might be more laid back and rarely active, while another may be more active and in touch in their interactions with students. Think of the chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock trader types, from novices to the most experienced. Considering the number of offers it can provide, the platform surely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s library of learning information available on the platform. Not only will they be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. They’ll also be able pick from the merchandise available in its online store for them to take wherever they may go. Additionally, they can gain practical experiences from trading within the platform, however, they will soon learn that trading is a risky game that shouldn’t be treated as an opportunity to make fun of.
For the traders with years of exposure down the road, we consider Profit.ly equally suited to the newcomers. While the newbies may not be as proficient in handling trading matters, the pros already understand how it works and the plethora of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s variety of features to their best advantage to enhance their trading abilities. Like beginners, they can study from the gurus and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the excitement! People in the trade industry who are on similar levels to 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. Coupon Code That Works Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You get to be provided with excellent lessons and advice from the company’s inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There is truly something for every person
- Profit.ly’s bountiful stream of products and packages offered might be too much for a lot of its customers
- As traders may opt to post any kind of trade, there is the possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings this could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds as its premium users are expected to immediately take advantage of the numerous features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it’s an affirmative “yes”. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform was not always designed to be used in this way. Instead, you should have curiosity. Coupon Code That Works Profitly
What we mean”yes” is it can be a great learning tool. Those who may be stuck may find Profit.ly’s array of resources helpful when they try their best to reduce losses and perform better than before. It’s not just the struggling traders that will benefit from the platform. It can accommodate beginners and even experts!
If you really desire to be a better trader and want to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Coupon Code That Works Profitly
How do you use Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries in the “My Trade category on the dashboard. It allows you to post your trades, either verified or not. You may choose between three choices:
- Linking your account with your broker of choice and import the trades from that directly
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your trades
How do I know if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there’s a high chance that it is verifiable. This is shown by the small blue check. If you submit the information manually or via pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the possibility of getting downvotes from your friends and colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Is the Profit.ly mobile application still available?
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 app version is compatible with the majority of functioning tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are seeking to make the most profit but also help each other grow and learn more about acquiring opportunities on the stock market left and right.