The stock market can be a high-stakes game. On certain days, you might have the benefit of positive and satisfactory numbers. On other days you may experience the opposite and it could be very difficult to get back to where you were at your peak. If you’re always in the mud, you will have to recognize that relying on instinct and survival is not always enough.
If you’ve experienced losses from time to time You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from trading partners from all over the globe. That’s why we’ve discovered an option that can help you in your improvement in the market. This review will be taking an in-depth look at Profit.ly, a well-recognized 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Gbim Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of all levels to be knowledgeable responsible, transparent, and to build relationships with each other by offering a wide variety of tools and features like chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for those who are just beginning their journey as well as a place for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Offering users a broad variety of tools for trade and communication, it helps traders from all walks of life network with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Consider it the social media equivalent the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that was never done before.” This idea Sykes said served two purposes: 1) keeping track of public data for not just the gurus and newsletter authors and students and secondly) making it possible for anyone on the platform to be enlightened by the losses and wins to the benefit of the trading industry. Gbim Profitly
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of features and services aimed toward achievement. You may set up an account there at no cost, however you’re limited to the capability to browse the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s offers, which we will go over shortly.
Making an account easy: create a profile with your experiences and knowledge, then connect to your brokerage account and you’ll be given an opportunity to make your way to high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users an insight into their performance as a trading group as well as its gurus. You’re not just allowed to show that you’re worthy to the community of traders, as you can also use Profit.ly to shop with a professional with the assurance that you’re confident with their expertise and the veracity of their claims.
If you feel uneasy with the idea of sharing the details of your broker account you may choose to publish your trades, verified or not, via photographs. Also included in Profit.ly are a variety of trading classes, the ability to view the stats of a trader’s account as well as other ways to connect with your gurus through the chatroom along with text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock which trades at just less than 5 cents per share. The trading of penny stocks can be seen as an avenue for small companies to move to a large marketplace as it gives them access to funds from the general public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell because of his decades of expertise.
From his beginnings in the latter years of High School, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as trader. At 25 years old Sykes was given more exposure and a wider influence over time when he was a part of the reality show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of openness, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational sources, trade alerts and other helpful stuff provided by the company’s internal gurus. These gurus refer to experts in the field of trading who have earned substantial profits from their combined years of experience. Gbim Profitly
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their niche within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, however, only two gurus remain on this platform: the 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 offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you will observe him focus on fundamental stock catalysts and use them to anticipate the next move that is possible when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS and Android devices, text, e-mail and push alerts; and a daily stock watchlist.
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 for a month it is the perfect plan for those who are involved in penny stock trading. Pennystocking Silver includes all the basic features that were included in earlier plans including swing trading alerts and unlimited access to a library of more than 7,000 instructional videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for 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 total trading earnings. Gbim Profitly
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket along with the mobile app, 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 and access to the extensive knowledge base of information provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. In addition you’ll also gain the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and make a mark on the market, Profit.ly has the right amount of resources to get you started. The platform has three membership tiers, each designed for traders at different levels. Let’s break down what these three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. When you sign up for this plan you’ll be offered a range of strong and indispensable trading tools, each of them integral in keeping your fingers on what we could call a ruthless procedure in its own.
The list of features you can do with Profit.ly’s Novice package is the ability to confirm trades and track profits as well as leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. You aren’t able to create a personal profile, thus making your actions public. If you’re looking to gain access to this feature, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets users to benefit from a majority of features from the Novice plan. This plan allows that you can set up an individual profile that allows you for sharing with fellow associate users all your knowledge and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to improve their skills in trading. Although it’s a nice thing but there’s one important aspect that’s not included. Unlike the previous Novice package, this one won’t be able to view other traders’ stats this could be a problem for those anticipating this level. Gbim Profitly
Pro Plan
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 each month which includes an additional 22% discount when billed annually the Pro plan has it all. You will have full, unrestricted access to all features from the two prior plans.
Not only do you get to look at other people’s statistics, but you’re also given the opportunity to create an individual profile. These two features are in addition to the advantages that you can utilize to the maximum extent. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly has a few additional services that it can provide. One of them is the online store, which allows users to select from a variety of instructional videos that are created to guide you through the nuances and pitfalls of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other aspects of trading. There are also clips and footage taken from The Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are as well part of Profit.ly’s range of features and services. You’re probably familiar with the concept of the chat room since you will see it on social and messaging platforms, and also on a few specialty websites that provide live chat support. But on Profit.ly the chat room is viewed as a area where experts and members trade and learn in real time. Every guru has their own style when it comes to running their chat room and in dealing with the members. Some may be more laid back and rarely active, while another might be more active and in touch in their interactions with students. Think of chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock traders, from beginners to experienced pros. Given the wide range of options it offers this platform definitely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. They will also be enriched with weekly videos and chat room advice from the in-house experts and members. Additionally, they can pick from the merchandise available on its store online for them to take wherever they may travel. You can also get hands-on experience trading on the platform, but ultimately they’ll realize that trading is a risky game that shouldn’t be treated as a joke.
For the traders with many years of experience down the road, we consider Profit.ly as equally as suitable to them as the newcomers. While the newbies may not be as proficient in managing trading however, experienced traders know how it works and the plethora of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s variety of features to their full advantage to develop their trading abilities. Like novices, they can learn from the experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Trade professionals who are on an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to help assist them in the ever-changing trading process. Gbim Profitly
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with tons of learning, communication, and trading tools
- You get to receive excellent training and insights from its inside experts, as well as libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics and fellow traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s abundance of products and packages offered might be too much for a lot of its customers
- If traders decide to open any kind of trade, there’s an opportunity that some them will profit by cherry-picking the best trades to increase the rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds as the premium customers are expected to immediately benefit from the number of services the platform has to offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it would be a ‘yes’. But it is important to realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally designed to be used to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Gbim Profitly
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 variety of resources to be helpful when they try their best to incur lesser losses and be more successful than they did before. Not only struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really desire to be a better trader and want to be taught by your peers and experts along the way, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Gbim Profitly
How can you make use of Profit.ly to publish your trades?
Profit.ly has a trade entry portion in the ‘My Trade’ category of the dashboard that lets you post your trades, verifiable or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Take a photo of your transactions
How do I know 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 indicated with the small blue check. If you submit it manually or through images, it will be classified as unverified.
The downside of having an unauthentic trade is the risk of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to be listed in the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are seeking to make the most profit but also help each other develop and grow in their ability to take advantage of opportunities in the stock market all over the world.
