Stock trading can be an extremely risky game. On some days, you could be reaping the benefits of pleasing and positive numbers. On other days you may experience the opposite, and it may sometimes be extremely difficult to get back to the point you were at your best. If you are constantly stuck in the gutter, you will have be aware that relying solely on your instincts and preserving might not be enough.
If you’ve suffered occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe, which is why we’ve found a platform that can support you to improve your performance in the industry. This review will take a look at Profit.ly A well-respected 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 Free Trial Of Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of various levels to be knowledgeable, transparent, accountable, and to build relationships with one another through its wide variety of tools and features like chat rooms, trade verification 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 people who are starting out as well as a place for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Providing users with a wide range of resources for trade and communication, it helps traders from every field of business connect with each other. It gives the gurus worthwhile investments within the confines that the site. Think of it as the social media equivalent to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are valid and won’t accept fake news as long as is humanly possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that was never done before.” This idea, he added, served two purposes: 1) making public records for everyone, not just the experts as well as students and newsletter writers as well as) allowing anyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Free Trial Of Profitly
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of tools and services that are geared toward achievement. It is possible to create an account for free, but you’re only given the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time You’ll need to join one of Profit.ly’s offerings that we’ll discuss in the near future.
Making an account easy: create an account with your experience and knowledge, then connect your brokerage account, and you’ll have an opportunity to make through at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned 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 prove that you’re worthy to the community of traders. You can also utilize Profit.ly to buy with a guru, and have the confidence that you are confident in their skills and the legitimacy of their assertions.
If you are unsure about the idea of sharing the details of your broker account then you could opt to post your trades, verified or not, via pictures. Also included in Profit.ly are a variety of courses in trading and the capability to see stats in a trader’s profile and other methods to communicate with your gurus through the chatroom 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 trading guru who is well-known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s shares that trade for less than $5 per share. Penny stock trading is an avenue for small companies to move into a larger market because it allows them to access capital from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as a trader. At 25 years old Sykes was given more exposure and a wider reach of influence as a participant in the reality series “Wall Street Warriors.” He then took advantage of it to create trading rooms as well as penny stock themes as well as educational content targeted at those who are new to trading. He also helped to establish Profit.ly as a platform for transparency, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning tools, trade alerts as well as other useful information provided by the in-house experts of the platform. These gurus refer to experts in the field of trading who have proven to make significant amounts of profit through their years of experience. Free Trial Of Profitly
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the trading industry. Some of the most prominent gurus 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 this platform: the founder as well as 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 packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS and Android devices, as well as email, text, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. At $149.95 per month, it is the perfect plan for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features found in prior plans, such as swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Free Trial Of Profitly
The Superman Alerts plan is an package of vital features and trading alerts targeted toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket as well as the mobile app, the daily market commentary shown in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base that is provided by Superman himself via his Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. On top of that, you’ll also get access to premium research reports and the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and make a mark on the industry, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders with different levels. Let’s break down what these three tiers are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. Once you have signed up for this package you’ll be given a slew of robust and vital trading tools, all one of them essential in keeping your fingers on what we call a competitive process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to verify trades and track profits; leading, following and even chatting with your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze, sort, as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per month. Although it looks attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private account, making your actions public. If you’re interested in have access to this feature, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of a majority of features from The Novice package. It is in this plan that you are able to create an account that is private for sharing with fellow associate users all your knowledge and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to develop their skills in trading. While it’s nice, there is one significant feature that is missing. As opposed to the prior Novice package, you will not be able to view other traders’ stats that could be a disadvantage for those who are looking forward to this tier. Free Trial Of Profitly
Pro Plan
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 monthly, which includes a 22% discount when billed annually This plan offers it all. It gives you full, unlimited access to all the features of the prior plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the opportunity to create a private profile. Both of these options, in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly provides a variety of additional services that it can provide. One of these is its online store, which allows users to select from a variety of videos that are designed to educate and help you understand the ins and outs of trading. The products listed on this page of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other things trading-related, clips and footage taken from The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are also part of Profit.ly’s variety of features and services. You may be familiar with the concept of the chat room as you can find it throughout social and messaging platforms, in addition to a few special websites that provide live chat support. But in Profit.ly the chat room is viewed as a hands-on place where gurus and their members trade and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the members. One might be laid back and less active, while another may be more interactive and online in their interactions with students. Think of chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, from novices to experienced professionals. With the variety of deals it has to offer it is certain to have something for all.
Beginners, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. Not only will they be provided with videos every week and chat room tips from the in-house experts as well as their members. They’ll also be able to select from the products in its online store for them to take wherever they be. You can also get hands-on experiences by trading through the platform, but ultimately they’ll realize that this is a high-stakes game that shouldn’t be treated as a joke.
For traders who have years of exposure down the line, we see Profit.ly equally suited to the newcomers. Although the novices might not be as proficient in managing trading however, experienced traders know how it works along with the plethora of risks that come with it. Ideally, they may make use of Profit.ly’s array of options to their maximum advantage to develop their trading skills. As beginners, they are able to learn from the top experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the fun! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to help navigate them through the ever-changing trading process. Free Trial Of Profitly
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform allows traders from all over the world with tons of learning tools, communication, and trading tools
- You’ll receive excellent training and tips from the internal experts, which include collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There’s something for all
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for a lot of its customers
- If traders decide to open any kind of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to improve their ratings this could be a concern that should not be ignored.
- Profit.ly does not offer refunds, as the premium customers will immediately benefit from the many services the platform has to offer
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The Final Concluding Question is: Is Profit.ly worth it?
If we could come up with an answer to this question, it would be yes. However, you must 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 the ability to think with an open heart. Free Trial Of Profitly
What we mean”yes” is it could be a useful learning tool. People who are stuck might be able to find Profit.ly’s array of resources to be helpful in their efforts to incur lesser losses and perform better than they did before. It’s not just the struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely care about being better at trading and wish to learn from your mentors and peers along the way, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Free Trial Of Profitly
How can you make use of Profit.ly to publish your trades?
Profit.ly has a trade entry portion within the ‘My Trade section of the dashboard that lets you record your trades that are verified or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there is the likelihood that it can be verified. This is evident by the blue check mark. If you post the information manually or via pictures, it will be classified as unverified.
The drawback of posting an unverified trade is the chance of receiving downvotes from colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile app version is compatible with the majority of 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 trying to maximize profits but also help each other grow and learn more about acquiring stock market opportunities both right and left.
