Stock trading can be an exciting game with high stakes. On certain days, you could enjoy the benefits of pleasing and positive numbers. On other days you may experience the opposite and it can be very difficult to get back to the point you were at your peak. If you’re immersed in the water You will need to realize 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 solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the world, which is why we’ve found a platform that can support you in your growth within the field. We’ll be taking an in-depth look at Profit.ly is a well-known 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 Difference Between Profitly And Supertrades
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of different levels to be informative, transparent, accountable, and uplifting with one another through its wide range of features and tools like chat rooms, trade verification as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for those who are just beginning their journey as well as a place for traders with experience to keep track of their performance using the aid of advanced analytics tools. Providing users with a wide range of resources for trade and communication, it helps traders from all walks of life network with each other. It also allows gurus to make an opportunity to invest in the right areas of this platform. Think of it as the social media equivalent to Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The trading platform is built on honesty and transparency: it ensures that the trades are authentic and won’t tolerate inauthenticity as much as it is possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes declared that Profit.ly was based “on showing all trades, something that has never been prior to.” This idea Sykes said served two purposes: 1) keeping track of public data for not just the gurus and newsletter authors and students, and 2) giving everyone on the platform to learn from the losses and wins for the trading industry’s benefit. Difference Between Profitly And Supertrades
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of tools and services that are geared towards achieving the success of their business. It is possible to create an account for free, but you’re only given the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
Making an account easy: create an account that includes your personal information and skills, join your brokerage account, and you’ll have the chance to climb through high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a look at the performance of the trading community and its experts. It’s not only a chance to demonstrate that you’re worthy to the community of traders. You can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re 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, you can opt to post your trades, verified or otherwise, through screenshots. In Profit.ly are the vast number of trading courses, the ability to view stats in a trader’s profile and other methods to connect with your gurus via chatrooms in addition to notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for delving his hands into penny stock trading. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for under $5 for each share. Penny stock trading could be viewed as an avenue for small businesses to transition into a larger market because it allows them to access funds from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of experience.
From his beginnings in the latter years of High School, Tim Sykes has, since then, earned an estimated $6 million profit through his lengthy career as trader. When he was 25 years old Sykes was given greater exposure and a larger reach of influence as a participant in the reality show “Wall Street Warriors.” He made use of the show to create trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also helped establish Profit.ly as a place of openness, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have earned significant amounts of profit from their collective years of knowledge. Difference Between Profitly And Supertrades
At its height, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise within the world of trading. Some of the most prominent experts included 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 the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you’ll be able to see him focus on the fundamental stock catalysts and use them to predict the next move that is possible when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS as well as Android devices, as well as texts, emails and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 monthly, this is a great option for those who are more involved in investing in penny stocks. Pennystocking Silver includes all the basic features of earlier plans including swing trading alerts and unlimited access to a rich library of more than 7,000 instructional 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 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. Difference Between Profitly And Supertrades
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket along with the mobile app, daily market updates in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to the extensive knowledge base that is provided by Superman himself via his Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. In addition, you’ll also get 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 online trading community and make a mark on the field, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers, each designed for traders with different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
The Novice package 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 to this plan, you will be immediately given a slew of robust and essential trading tools, all of them integral in keeping your fingers on what could call a ruthless procedure in its own.
The list of features you can do with Profit.ly’s Novice program is the ability to confirm trades and track profits; leading, following and even texting your fellow traders, as well as giving feedback on the trades of today. It also allows you to be on leaderboards, analyze, sort, or filter the trades you make and, lastly, view other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. You aren’t able to create a personal profile, thus making your actions public. If you’re interested in have access to this feature, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to take advantage of the majority of features available in the Novice plan. It is in this plan that you are able to create a private profile to share with other associate users all the insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to develop their expertise in trading. While it’s nice but there’s one important aspect that’s not included. As opposed to the prior Novice package, you will not be able to see the statistics of other traders, which could be a problem for those anticipating this level. Difference Between Profitly And Supertrades
Pro Plan
The Pro plan is the highest luxurious package Profit.ly offers to experienced traders. At $74.95 per month, with a 22% discount for annual billing This plan offers everything. You get full, no-holds-barred access to all features from the two previous plans combined.
In addition, you’ll be able to see other users’ stats, but you’re also given the chance to create a private profile. Both of these options, on top of all the advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve you with everything you require as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly has a few other services they provide. One of those is its online store, where customers can choose from a wide array of instructional videos that are designed to inform and provide guidance on the ins and outs of trading. The products listed in this section of the website is available to be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, as well as all related to trading, videos and footage of events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of services and features. You are probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, in addition to a few special websites that provide live chat assistance. However, in Profit.ly it’s seen as a area where experts and member traders can communicate and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members. Some may be laid back and rarely active, while another may be more active and in touch in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards a large variety of stock traders, from novices to the most experienced. With the variety of deals it has to offer it is certain to have something for every person.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. They will also be enriched with weekly videos and chat room tips from its in-house gurus and their members. They’ll also be able choose from the items from its online store to carry with them wherever they travel. You can also get hands-on experiences by trading through the platform, but eventually, they will soon learn that the process is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with many years of experience down the line, we believe Profit.ly equally suited for them as it is for the newcomers. While the newbies may not be as proficient in handling trading matters, the pros already understand how it works along with the plethora of risks that it carries. In the ideal scenario, they can use Profit.ly’s range of features to their best advantage to improve their skills in trading. Like beginners, they can learn from the top experts and experts and utilize those short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the fun! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others in order to navigate them through the ever-changing trading process. Difference Between Profitly And Supertrades
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders across the globe with tons of learning, communication, and trading tools
- You get to be taught by experts and insights from its internal experts, which include video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates There’s something for everyone
The Cons
- Profit.ly’s bountiful stream of products and packages offered might be too much for the majority of its users
- Since traders can choose to post any kind of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to boost their rating This could be a concern that should not be ignored.
- Profit.ly will not allow refunds as the premium customers are expected to immediately take advantage of the numerous features the platform is able to provide
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The Final Concluding Question: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s an affirmative “yes”. But it is important to realize that the platform should not be used as a quick-fix scheme to make money. The platform was not always intended to be created for this reason. Instead, you should have curiosity. Difference Between Profitly And Supertrades
What we are referring to”yes” is it could be a useful learning tool. For those who are struggling, they might find Profit.ly’s range of resources useful in their efforts to avoid loss and perform better than they did before. It’s not just the struggling traders that will benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely want to become better at trading and wish to be taught by your fellows and gurus along the way, then look no further – Profit.ly is a fantastic option to begin.
FAQ Difference Between Profitly And Supertrades
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has an entry section for trades in the “My Trade’ category of the dashboard that allows you to post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
How do I know if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is an excellent probability that it’s verifiable. This is indicated with the small blue check. If you post it manually or through screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthentic trade is the chance of receiving downvotes from friends and colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where people can see who’s untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just trying to maximize profits but also to help one another learn and improve in acquiring stock market opportunities both right and left.
