Stock trading is an exciting game with high stakes. Some days, you may enjoy the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it can be extremely difficult to return to where you were your peak. If you are immersed in the water You will need to recognize that relying on your instincts and preserving might not be enough.
If you’ve suffered losses from time to time You’ll need reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your trading partners from all over the globe, which is why we’ve identified an option that can help you in your growth in the industry. In this review, we’ll take the time to look at Profit.ly, a well-recognized single-stop social platform to trade!
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.
Total Rating: 4.1/5 Dux Profitly
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informed responsible, transparent, and encouraging one another through its wide range of features and tools including trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for traders new to trading and also as a platform for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Offering users a broad variety of tools for trade and communication that help traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries of this platform. Consider it an online social media platform similar like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The trading platform is built on honesty and transparency: it ensures that the transactions are legitimate and will not allow for fraud as much as it is possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that was never done before.” This idea, he added, served two goals: 1.) keeping track of public data for everyone, not just the experts, but also the newsletter writers and students as well as) allowing all users to be enlightened by both the wins and losses for the trading industry’s benefit. Dux Profitly
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of tools and services that are geared towards achieving the success of their business. You can create an account for free, but you’re limited to access to the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s offerings, which we will review in the coming days.
Setting up an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you’ll be given a chance to shoot through at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users an insight into the performance of the trading community and its experts. It’s not just a way to demonstrate that you’re worthy to the group of traders, but you can also use Profit.ly to shop with a professional with the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you are unsure about the idea of sharing information about your account with a brokerage, then you could decide to share your trades, whether verified or otherwise, through pictures. In Profit.ly are the vast number of courses in trading as well as the ability to look at the stats of a trader’s account and other methods to interact with your experts via chatrooms as well as 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 trader who is well-known for his efforts in trades in penny stocks. According to Investopedia, a penny stock is a small business’s stock which trades at less than $5 per share. The penny stock market can be seen as an opportunity 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 is sure to reveal through his many years of expertise.
From his beginnings in the latter years of high school, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider impact as a participant in the reality show “Wall Street Warriors.” He then made use of the show to create trading rooms as well as penny stock themes as well as educational content targeted at those who are new to the trading field. He also helped to establish Profit.ly as a place for openness, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. These gurus refer to experts in the field of trading who have earned significant amounts of profit from their collective years of experience. Dux Profitly
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their niche in the trading industry. Some of the most famous experts included 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. In light of that, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you will observe him focus on fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS and Android devices, email, text 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 package. At $149.95 for a month it is a great option for those who are more invested in the penny-stock market. Pennystocking Silver offers all the essential features of prior plans, such as alerts for swing trading and access to a rich library of more than 7,000 instructional videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for 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 trading profits. Dux Profitly
The Superman Alerts package is his offering of essential features and alerts on trading geared to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist as well as the mobile app, daily market commentary shown in real-time, and email 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 provided by Superman himself via his Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. Additionally you’ll also have the ability to access premium reports on research 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 your mark on the field, Profit.ly has the right amount of resources to get you started. The platform has three membership levels that are designed to accommodate traders at different levels. Let’s break down what these three tiers are and how much they’ll cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. Once you have signed to this plan you’ll be given a slew of robust and essential trading tools, each of which is essential to keep your fingers on what can describe as a cutthroat process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit and follow-up, leading and even texting your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze your trades, sort and filter your trades; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per monthly payment. While it may look attractive just by the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your actions public. If you’re looking to gain the benefit of this service, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to take advantage of a majority of features from the novice plan. It is in this plan that you are able to create an individual profile that allows you for sharing 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 caters for those looking to improve their trading skills. While it’s nice however, there’s a crucial feature that is missing. Unlike the previous Novice package, you won’t be able to view other traders’ statistics, which could be a problem for those who are looking forward to this tier. Dux Profitly
This is by far the most premium package that Profit.ly can offer to experienced traders. With $74.95 per month, which includes a 22% discount when billed annually This plan offers it all. You get full, no-holds-barred access to all options of the previous plans.
Not only do you get to look at other people’s statistics as well, you’re also offered the opportunity to create your own private profile. Both of these options, plus the other advantages you’ll be able to use to the maximum extent. If you’re looking for a plan that can serve all the features you need to be a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly offers a number of other services they provide. One of them is the online store, which allows users to choose from a wide array of instructional videos that are designed to inform and guide you through the ins and outs of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and clips from the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s array of features and services. You’re probably familiar with the chat room as you can find it throughout social and messaging platforms as well as some specialty websites that provide live chat support. However, in Profit.ly it’s seen as a area where experts and members can interact and share knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members. One of them may be a laid-back person who is rarely active, while another might be more online and communicative in their interactions with students. Think of the chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock trader types, from novices to the most experienced. Considering the number of offers it has to offer this platform definitely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. They will also be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. They’ll also be able select from the products on its store online to carry with them wherever they may go. You can also get hands-on experience trading on the platform, but eventually they’ll realize that the process is a risky game that should not be viewed as an opportunity to make fun of.
For those traders who have had many years of experience down the road, we consider Profit.ly as equally as suitable to the newcomers. While novice traders may not be as proficient in dealing with trading issues, the pros already understand how it works along with the risky mix that come with it. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to develop their trading skills. As beginners, they are able to study from the gurus and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the excitement! People in the trade industry who are at the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others as a way to navigate them through the ever-changing trading process. Dux Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You’ll receive excellent training and advice from the company’s 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 fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform 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 individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s bountiful stream of packages and services offered could be too much for the majority of its users
- If traders decide to make any type of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to increase the rating This could be a problem that shouldn’t be ignored.
- Profit.ly will not allow refunds because its premium users are expected to immediately benefit from the many services that the platform can offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we could come up with an answer to this question, it would be a ‘yes’. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always intended to be created in this way. Instead, it is best to keep curiosity. Dux Profitly
What we do mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck could find Profit.ly’s variety of resources useful in their efforts to reduce loss and perform better than before. It’s not only the struggling traders who will benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly care about being better at trading and wish to learn from your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Dux Profitly
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries within the My Trade section of the dashboard that lets you record your trades, verifiable or otherwise. There are three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there is an excellent probability that it’s verifiable. This is indicated with the blue check mark. If you upload the information manually or via pictures, it will be classified as unverified.
The drawback of posting an unverified trade is the risk of receiving downvotes from colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market all over the world.