The stock market can be an extremely risky game. On certain days, you might have the benefit of positive and satisfactory numbers. On other days, however you may experience the opposite and it can be very difficult to return to where you were your best. If you are constantly stuck in the gutter, you will have to realize that relying on your instincts and preserving might not be enough.
If you’ve experienced loss from time to time You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the globe, which is why we’ve discovered an online platform that will help you in your growth in the market. This review will be taking the time to 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 D D Charges
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of various levels to be knowledgeable responsible, transparent, and uplifting with each other through its broad variety 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 trading site that serves both as a training and learning platform for people new to trading as well as a place for traders with experience to keep track of their performance with the help of advanced analytics tools. It provides users with a vast range of resources for communication and trade and letting traders from every field of business connect with each other. It gives the gurus an opportunity to invest in the right areas that the site. Consider it an online social media platform similar the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as it is possible. It was founded in the past by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes stated that Profit.ly was based “on the transparency of all trades, something that was never done before.” The concept, he added, served two objectives: one) making public records for all traders, not just the gurus as well as students and newsletter writers, and 2) making it possible for everyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. D D Charges
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of features and services aimed at achieving the success of their business. You may set up an account there for free, but you’re only limited to having the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s deals that we’ll discuss in the near future.
The process of opening an account is easy: create an account that includes your personal information and expertise, connect your brokerage account, and you have yourself an opportunity to make your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users an insight into their performance as a trading group as well as its experts. You’re not just allowed to demonstrate value 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 concept of leaking information about your account with a brokerage, you can choose to publish your trades, verified or not, via screenshots. In Profit.ly is the huge selection of courses in trading, the ability to view the stats of a trader’s account as well as other ways to communicate with your gurus via chatrooms along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at under $5 for each share. The trading of penny stocks could be viewed as an opportunity for small companies to move to a market that is larger as it gives them access to funds from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you through his many years of experience.
Beginning in the latter years of high school, Tim Sykes has, since then, earned over $6 million of profits during his long and successful career as trading professional. At the age of 25, he had been given more exposure and a wider reach of influence when he was a part of the reality series “Wall Street Warriors.” He then took advantage of it to establish trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a platform for openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational tools, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have made substantial profits from their combined years of expertise. D D Charges
At its peak, Profit.ly had housed up to five gurus. Each of them a pro within their particular field in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, only two gurus remain on this 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 can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll see him focus on the basic stock catalysts and employ them to predict the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS and 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 highest-quality version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 monthly, this is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver offers all the essential features that were included in prior plans, such as alerts for swing trading and access to a rich library of over 7,000 educational videos that are updated every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading profits. D D Charges
The Superman Alerts package is his offer of the most essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket as well as the mobile application, daily market commentary shown in real-time, and 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 a knowledgeable base that is provided by Superman himself, via the Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. On top of that you’ll also have access to premium research reports as well as an IPO and earnings tracker.
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 going. The platform offers three membership tiers, each designed for traders at 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 entry-level plan designed especially for those who are new to the world of trading. As you sign up for this package you’ll be offered a range of strong and indispensable trading tools, each one of them essential in keeping your fingers on what we call a competitive process in and of itself.
Some of the features you can do with Profit.ly’s Novice package is the ability to confirm trades and track profits and follow-up, leading, and even messaging your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and lastly, look at other’s stats.
The Novice plan costs $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your actions public. If you do want to have access to this feature, you should be watching for us to introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package lets you to take advantage of a majority of features from the Novice plan. In this plan, that you are able to create an individual profile that allows you for sharing with fellow associates all your insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to harness their expertise in trading. As nice as it seems however, there’s a crucial feature that is missing. As opposed to the prior Novice package, you will not be able to view the statistics of other traders, which could be a problem for some who may be looking forward to this tier. D D Charges
Pro Plan
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. It costs $74.95 monthly, which includes an additional 22% discount for billing annually the Pro plan has it all. You get full, no-holds-barred access to all features of the prior plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the chance to create your own private profile. Both of these options, plus the other advantages that you can utilize to their fullest capacity. If you’re in search of an account that will give you with everything you require as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly offers a number of additional services that it can provide. One of these is its online store, which lets users select from a variety of video products created to provide guidance on the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be bought immediately for your personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other related to trading, videos and scenes taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You are probably familiar with the concept of the chat room since you can find it throughout social and messaging platforms, in addition to a few special websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a real-time place where gurus and their members can interact and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members there. One might be laid back and rarely active, while another might be more interactive and online in their interactions with students. Think of chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, from beginners to experienced pros. With the variety of deals it has to offer this platform definitely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s library of learning information available on the platform. They will also be enriched with weekly videos and chat room advice by its internal gurus and members. Additionally, they can select from the products from its online store to carry with them wherever they may be. You can also get hands-on experience trading on the platform, however, they will soon learn that trading is a high stakes game that shouldn’t be treated as an amusing pastime.
For the traders with decades of experience in the road, we consider Profit.ly equally suited for them as it is for the newcomers. Although the novices might not be as proficient in handling trading matters but the experts already know how it works and the stack full of risks that come with it. In the ideal scenario, they can utilize Profit.ly’s array of features to their best advantage to develop their trading abilities. Like novices, they can study from the gurus as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the excitement! Trade professionals who are on similar levels to Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to help navigate them through the ever-changing trading process. D D Charges
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge, communication, and trading tools
- You get to receive excellent training and insights from its internal experts, which include libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There is truly something for all
The Cons
- Profit.ly’s numerous packages and products offered may be too much for the majority of its users
- As traders may opt to open any kind of trade, there’s the possibility that some of them will profit by selecting the best trades in order to boost their rating – this may be a concern that should not be ignored.
- Profit.ly will not allow refunds as its premium users are expected to instantly benefit from the number of services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could think of the answer, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always intended to be created in this way. Instead, you should have an open mind. D D Charges
What we are referring to”yes” is that it could be a useful learning tool. Those who may be stuck may be able to find Profit.ly’s range of resources helpful in their efforts to reduce loss and perform better than they did before. Not only poor traders that can profit from the platform. It is able to accommodate novices and even experts!
If you really care about being a better trader and want to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly is a fantastic option to begin.
FAQ D D Charges
How can you make use of Profit.ly to post your trades?
Profit.ly includes an entry section for trades within the “My Trade’ category of the dashboard. It lets you post your trades, either verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
How can I tell whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there is a high probability that it’s verifiable. This is evident by the small blue check. If you upload it manually or through images, it will be classified as unverified.
The downside of having an unverified trade is the chance of receiving downvotes from colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just seeking to make the most profit but also assist each other to grow and learn more about acquiring stock market opportunities both right and left.
