Stock trading can be an exciting game with high stakes. Some days, you might have the benefit of positive and satisfying numbers. On other days, however you may experience the opposite and it can be extremely difficult to return to where you were at your most productive. If you are always in the mud it is important to recognize that relying on your instincts and preserving may not always be enough.
If you’ve suffered losses from time to time and you’re likely to require sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe. That’s why we’ve found a platform that can support you in your growth in the industry. We’ll be taking 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.
Overall Rating: 4.1/5 Gregg S Profitly
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of various levels to be informed and accountable, as well as transparent and uplifting with one another through its wide range of features and tools including chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for traders who are just beginning their journey and as a hub for traders with experience to keep track of their performance using the aid of advanced analytics tools. Offering users a broad variety of tools to facilitate trade and communication and letting traders from all walks of life network with one another. It gives the gurus worthwhile investments within the confines of the platform. Think of it as a social media site akin to Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are authentic and won’t accept fake news as long as possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of every trade, something that has never been previously done.” This idea Sykes said served two objectives: one) making public records for all traders, not just the gurus and newsletter writers and students as well as) giving anyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Gregg S Profitly
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of tools and services that are geared at achieving achievement. It is possible to create an account for free, but you’re limited to the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s deals, which we will discuss in the near future.
The process of opening an account is easy: create an account with your experience and knowledge, then connect to your brokerage account, and you’ll be given an opportunity to make your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users an insight into their performance as a trading group as well as its gurus. You’re not just allowed to prove value to a group of traders, as you can also use Profit.ly to buy with a professional with the assurance that you’re comfortable with their expertise and the credibility of their claims.
If you’re not comfortable with the concept of leaking the details of your broker account you can decide to share your trades, whether verified or not, by taking photographs. Also included in Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile, and more ways to communicate with your gurus in the chatroom, along with 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 personality who is well-known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s shares that trade for under $5 for each share. Penny stock trading can be seen as an avenue for small businesses to transition to a large marketplace as it allows them to access capital from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes can surely tell because of his decades of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, made over $6 million of earnings through his lengthy career as a trader. At the age of 25, he had been given greater exposure and a larger influence over time when he was a part of the reality show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms, penny stock themes, as well as educational content targeted at those who are new to trading. He also helped establish Profit.ly as a platform for openness, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning tools, trade alerts as well as other useful information provided by the company’s internal gurus. The gurus in question refer to the trading experts who have made significant amounts of profit from their collective years of expertise. Gregg S Profitly
At its peak, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing only two gurus remain on the platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS as well as Android devices, texts, emails and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 monthly, it is a great option for investors who are invested in the penny-stock market. Pennystocking Silver offers all the essential features that were included in the previous plan, such as swing trading alerts and unlimited access to a collection of more than 7,000 educational videos and new videos released every week.
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In “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. In the time since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Gregg S Profitly
The Superman Alerts package is his package of vital features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket and the mobile app, the daily market updates in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features that are 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 an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of resources to help you up and running. The platform has three membership tiers that cater to traders of different levels. Let’s break down what these three levels are and what they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. Once you have signed up for this package, you will be immediately offered a range of strong and indispensable trading tools, each of which is essential to keep your hands on what we call a competitive procedure in its own.
Some of the features you can accomplish using Profit.ly’s Novice package include the capability to check 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 onto leaderboards; study, sort, and filter your trades and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price but there’s a disadvantage. You can’t create a private account, making your activities publicly available. If you’re interested in get the benefit of this service, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use many of the features of the novice plan. This plan allows that you can set up a private profile to share with other associate users all the insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their expertise in trading. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, you will not be able to see the statistics of other traders, which could be a disadvantage for those who are anticipating this level. Gregg S Profitly
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. With $74.95 each month with an additional 22% discount for billing annually, this tier has everything. It gives you full, unlimited access to all options of the previous plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the opportunity to create an individual profile. Both of these options, plus the other benefits that you can use to the maximum extent. If you’re looking for a plan that can serve all the features you need to be trader with experience, 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 provides a variety of other services they offer. One of those is its online store, which lets users choose from a wide array of video products designed to inform and provide guidance on the nuances and pitfalls of trading. The products listed on this page of the website can be bought immediately for your personal use. Some of these include bestsellers such as the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and scenes taken from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of services and features. You may be familiar with the concept of chat rooms since you can see it across social and messaging platforms in addition to a few special websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a real-time area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. One might be more laid back and not very often active, while another may be more interactive and online to their pupils. Think of chat rooms as Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock trader types, from novices to experienced professionals. Given the wide range of options it can provide it is certain to have something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. In addition, they will be provided with videos every week and chat room tips from the in-house experts and their members. They’ll also be able to choose from the items from its online store for them to take wherever they may travel. You can also get hands-on experiences by trading through the platform, but ultimately, they will soon learn that the process is a high stakes game that should not be viewed as an opportunity to make fun of.
For the traders with decades of experience in the line, we believe Profit.ly as equally as suitable to the newcomers. Although the novices might not be as proficient in handling trading matters but the experts already know how it works along with the stack full of risks associated with it. Ideally, they may make use of Profit.ly’s array of features to their best advantage to enhance their trading skills. Like beginners, they can study from the gurus and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to guide them through the ever-illustrious trading process. Gregg S Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You will be provided with excellent lessons and tips from the in-house gurus, including libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders that are waiting to reach you out if something occurs.
- The platform’s leaderboard feature gives you the chance to establish your reputation as a reliable and verifiable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There is truly something for everyone
- Profit.ly’s abundance of products and packages offered might not be enough for a lot of its customers
- Since traders can choose to open any kind of trade, there’s an opportunity that some them could profit from cherry-picking the best trades to boost their rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as its premium users will immediately benefit from the number of services the platform has to offer
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The Final Verdict: Is Profit.ly Valued?
If we could think of the answer, it’s an affirmative “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 meant to be designed to achieve this goal. Instead, you need to have the ability to think with an open heart. Gregg S Profitly
What we do mean”yes” is it could be a useful learning tool. Those who may be stuck may find Profit.ly’s array of resources useful as they do their best to reduce losses and be more successful than they did before. It’s not just the poor traders that can profit from the platform. It can accommodate beginners and even experts!
So, if you genuinely care about being better at trading and wish to be taught by your peers and experts along the way, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Gregg S Profitly
How can you make use of Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries within the “My Trade’ category of the dashboard that lets you post your trades, either verified or not. There are three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades into specified spaces and information.
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there is a high likelihood that it can be verified. This is indicated with the blue check mark. If you submit it manually or through pictures, it will be assigned as unverified.
The downside of having an unverified trade is the chance of getting downvotes from your colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities on the stock market both right and left.