Stock trading can be a high-stakes game. On some days, you could have the benefit of pleasing and positive numbers. On other days, however you may experience the opposite, and it may sometimes be very difficult to return to the point you were at your most productive. If you are immersed in the water it is important to recognize that relying on instinct and survival may not always be enough.
If you’ve suffered loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from fellow traders from around the globe. That’s why we’ve identified a platform that can support you to improve your performance within the field. This review will be taking an in-depth look at Profit.ly, a well-recognized 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Cvrs Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of various levels to be informed and accountable, as well as transparent and uplifting with each other through its broad variety of tools and features including trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for traders new to trading and as a hub for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. It provides users with a vast array of options for communication and trade, it helps traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries that the site. Imagine it as a social media site akin the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are authentic and won’t tolerate inauthenticity as much as possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on showing every trade, something that was never previously done.” This idea was, he said, serving two purposes: 1) keeping track of public data for everyone, not just the experts and newsletter writers and students, and 2) giving all users to be enlightened by the losses and wins for the trading industry’s benefit. Cvrs Profitly
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of services and features geared toward achievement. It is possible to create an account for free, but you’re only given access to the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s offerings, which we will review in the coming days.
Setting up an account is easy: create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll have a chance to shoot through high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier was designed to offer its users a look at how the community of traders performs as well as its gurus. It’s not only a chance to show value to a group of traders. You are also able to use Profit.ly to buy with a guru, and have the assurance that you’re comfortable in their skills and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging the details of your broker account you can decide to share your trades, whether verified or otherwise, through screenshots. Also included in Profit.ly are a variety of trading courses and the capability to see stats in a trader’s profile as well as other ways to connect with your gurus via chatrooms as well as text and e-mail alerts and 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, a penny stock refers to a small-sized company’s shares that trade for less than $5 per share. Penny stock trading is a stepping stone for small businesses to transition into a larger market because they can access capital from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal because of his decades of expertise.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, earned an estimated $6 million profits through his lengthy career as trading professional. At the age of 25, he had been given more exposure and a wider influence over time when he was a part of the reality show “Wall Street Warriors.” He then made use of the show to establish trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also helped establish Profit.ly as a place of transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational sources, 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 earned significant amounts of profit from their collective years of expertise. Cvrs Profitly
At its height, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise 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 however, only two gurus remain on the platform: Founder as well as 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 packaged offers each guru offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next moves that could occur when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available for iOS and Android devices, text, e-mail 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 package. At $149.95 monthly, it is an ideal plan for those who are invested in investing in penny stocks. Pennystocking Silver includes all the basic features of earlier plans which includes swing trading alerts and unlimited access to a library of more than 7,000 instructional videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Cvrs Profitly
The Superman Alerts package is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain access daily premarket stock watchlist along with the mobile application, daily market commentary shown in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base of information provided by Superman himself via his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. On top of that, 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 looking 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 up and running. The platform offers three membership levels that cater to traders at different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. Once you have signed up for this package, you will be immediately given a slew of robust and vital trading tools, all one of them essential in keeping your fingers on what can describe as a cutthroat procedure in its own.
The list of features you can do using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit; leading, following and even chatting with other traders; and providing feedback on trades today. You can also get on leaderboards; analyze, sort, as well as filter trades and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. You can’t create a private profile, thus making your personal information public. If you do want to have access to this feature, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from the majority of features available in The Novice package. This plan allows that you can set up an individual profile that allows you to share with fellow associates all your insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their skills in trading. Although it’s a nice thing however, there’s a crucial feature that is missing. In contrast to the Novice package, you won’t be able to see other traders’ stats, which might be a drawback for those looking forward to this tier. Cvrs Profitly
Pro Plan
The Pro plan is the most premium package that Profit.ly offers to experienced traders. It costs $74.95 per month, with 22% off when billed annually, this tier has everything. You will have full, unrestricted access to all the features of the previous plans.
You’re not only able to look at other people’s statistics and data, but you also have the opportunity to create a private profile. Both of these options, in addition to the advantages that you can utilize to the maximum extent. If you’re in search of an option that gives you with everything you require as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly has a few other services they provide. One of these is its online store, where customers can select from a variety of videos that are designed to educate and guide you through the nuances and pitfalls of trading. All of the products featured on this page of the site can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other aspects of trading. There are also clips and clips of The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s range of features and services. You may be familiar with the concept of the chat room since you can see it across social and messaging platforms in addition to a few special websites that offer live chat support. But in Profit.ly, it is seen as a space where experts and their members trade and share knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members. Some may be laid back and rarely engaged, while another could be more active and in touch to their pupils. Consider chat rooms as Profit.ly’s version of the forum in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to the wide range of stock trader types, from novices to experienced professionals. Considering the number of offers it offers this platform definitely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. Not only will they be provided with videos every week and chat room tips by its internal gurus and their members. Additionally, they can select from the products on its store online for them to take wherever they go. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll be able to realize that trading 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 line, we believe Profit.ly as equally as suitable for them as it is for those who are just starting. While the newbies may not be as adept at dealing with trading issues but the experts already know how it works and the risky mix associated with it. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to enhance their skills in trading. As beginners, they are able to learn from the experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are on the same level as Superman or 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. Cvrs Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders across the globe with a wealth of education communications, trading, and communication tools
- You will be taught by experts and insights from its internal experts, which include collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices – there truly is something for every person
The Cons
- Profit.ly’s bountiful stream of products and packages offered might be too much for the majority of its customers
- As traders may opt to make any type of trade, there is a possibility that some of them could profit from picking the most profitable trades to improve their ratings – this may be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds as the premium customers will immediately benefit from the number of services the platform has to offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be yes. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally designed to be used in this way. Instead, you should have the ability to think with an open heart. Cvrs Profitly
What we mean”yes” is it can be a great learning tool. Those who may be stuck might find Profit.ly’s array of resources useful when they try their best to avoid loss and perform better than before. It’s not only the struggling traders that will benefit from this platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be more successful in trading and would like to learn from your peers and experts along the way, then look no further – Profit.ly could be a good alternative to start.
FAQ Cvrs Profitly
How can you make use of Profit.ly to post your trades?
Profit.ly has an entry section for trades within the My Trade’ category of the dashboard that allows you to post your trades, verifiable or not. You may choose between three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s an excellent likelihood that it can be verified. This is indicated with the blue check mark. If you upload the information manually or via pictures, it will be assigned as unverified.
The downside of having an unauthentic trade is the chance of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to be listed at the top of the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just seeking to make the most profit but also to help one another grow and learn more about acquiring opportunities in the stock market left and right.
