The stock market can be a high-stakes game. On certain days, you might have the benefit of pleasing and positive numbers. However, on other days, the opposite may happen, and it may sometimes be very difficult to get back to where you were your most productive. If you’re always in the mud it is important to recognize that relying on pure instinct and preservation is not always enough.
If you’ve experienced losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the globe, which is why we’ve identified a platform that can support you in your growth in the market. This review will be taking a look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Free Sites Like Profitly
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be informed, transparent, accountable, and encouraging each other through its broad variety of tools and features like chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and training platform for those new to trading as well as a place for experienced traders to track their performance through the use of cutting-edge analytics tools. It provides users with a vast variety of tools for trade and communication and letting traders from all walks of life network with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Think of it as the social media equivalent the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine, Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been prior to.” This idea, he added, served two purposes: 1) creating public track records for all traders, not just the gurus and newsletter writers and students as well as) giving everyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Free Sites Like Profitly
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of features and services aimed at achieving achievement. You can create an account for free, but you’re only given the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money and see what stocks the experts 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 simple: Create an account with your experience and expertise, connect your brokerage account, and you’ll have a chance to shoot through at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned was designed to offer its users a look at how the community of traders performs as well as its experts. It’s not only a chance to show your worth to a community of traders, but you are also able to use Profit.ly to shop from a guru with the assurance that you’re comfortable in their skills and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging the details of your broker account you may decide to share your trades, either verified or not, via pictures. Included in Profit.ly are a variety of courses in trading and the capability to see statistics on a person’s profile as well as other ways to connect with your gurus through the chatroom 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 company’s stock that trades for under $5 for each share. Penny stock trading is an avenue for small businesses to transition to a market that is larger as they can access funds from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes can surely tell because of his decades of expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of earnings during his long and successful career as a trader. At the age of 25, he had been given greater exposure and a larger reach of influence as a participant in the reality show “Wall Street Warriors.” He then used the opportunity to create trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place of transparency and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education resources, trade alerts, and other useful stuff offered by the company’s internal gurus. Gurus are referred to the trading experts who have proven to make significant amounts of profit through their years of expertise. Free Sites Like Profitly
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise in the trading industry. Some of the most prominent experts 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 this platform: Founder of the penny stock market 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 has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS and Android devices, texts, emails and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts package. At $149.95 for a month it is a great option for investors who are invested in the penny-stock market. Pennystocking Silver includes all the basic features that were included in prior plans, such as alerts for swing trading and access to an extensive library of over 7,000 educational videos and new videos released each week.
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The following video is 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 earnings. Free Sites Like Profitly
The Superman Alerts plan is an offer of the most essential features and trading alerts geared to those interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile application, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base provided by Superman himself, via the Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. Additionally you’ll also have an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership tiers that are designed to accommodate traders at different levels. Let’s take a look at what these three levels are and what they will cost you.
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. As you sign to this plan you’ll be offered a range of strong and vital trading tools, each of which is essential to keep your fingers on what could call a ruthless process by itself.
The list of features you can accomplish with Profit.ly’s Novice program is the ability to confirm trades and track profits and follow-up, leading 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 your trades, sort and filter your trades and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per month. While it may look attractive simply because of the price however, there’s a drawback. You can’t create a private profile, thus making your actions public. If you’re interested in get access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader plan allows you to take advantage of a majority of features from the novice plan. It is in this plan that you can set up an account that is private to share with other associate users all the insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to develop their trading skills. As nice as it seems however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you won’t be able to see other traders’ statistics, which might be a drawback for some who may be eager to try this new tier. Free Sites Like Profitly
The Pro plan is the most luxurious package Profit.ly offers to experienced traders. At $74.95 per month, and 22% off for annual billing This plan offers everything. You get full, no-holds-barred access to all the options of the prior plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the chance to create an individual profile. These two features are plus the other advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly has a few more services it has to offer. One of them is the online store, where customers can select from a variety of video products created to guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, as well as all things trading-related, clips and scenes taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of features and services. You may be familiar with the chat room since you can see it across messaging and social platforms, and also on a few specialty websites that offer live chat support. However, in Profit.ly the chat room is viewed as a space where experts 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 laid back and less engaged, while another could be more online and communicative with their students. Consider chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, ranging from novices to experienced professionals. Given the wide range of options it can provide this platform definitely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. Not only will they get daily videos and chat room advice by its internal gurus as well as their members. They’ll also be able to choose from the items in its online store that they can take with them wherever they be. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll realize that the process is a risky game that shouldn’t be taken as an opportunity to make fun of.
For the traders with years of exposure down the line, we believe Profit.ly equally suited for them as it is for people who are just beginning. Although the novices might not be as proficient in managing trading however, experienced traders know the way it functions and the risky mix that it carries. Ideally, they may make use of Profit.ly’s variety of features to their full advantage to enhance their skills in trading. Like beginners, they can learn from the top experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the excitement! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others in order to guide them through the ever-illustrious trading process. Free Sites Like Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders from all over the world with tons of learning, communication, and trading tools
- You will be taught by experts and tips from the internal experts, which include collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There’s something for every person
- Profit.ly’s bountiful stream of packages and services offered could be too much for a lot of its users
- If traders decide to post any kind of trade, there’s the possibility that some of them will profit by cherry-picking the best trades to increase the rating – this may be a concern that should not be ignored.
- Profit.ly does not accept refunds because the premium customers are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Verdict is: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it’s yes. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally meant to be designed for this reason. Instead, it is best to keep the ability to think with an open heart. Free Sites Like Profitly
What we are referring to”yes” is it could be a useful learning tool. People who are stuck could be able to find Profit.ly’s variety of resources to be helpful in their efforts to reduce losses and perform better than they did before. It’s not just the struggling traders who will benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly want to become a better trader and want to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Free Sites Like Profitly
How do you use Profit.ly to post your trades?
Profit.ly includes a trade entry portion under the ‘My Trade category on the dashboard that lets you record your trades, either verified or otherwise. You may choose between three options:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is indicated with the blue check mark. If you post it manually or through images, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the chance of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to show up on the Madoff leaderboard, which is where the public are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just seeking to make the most profit but also help each other grow and learn more about acquiring stock market opportunities left and right.