The stock market can be a high-stakes game. Some days, you may be reaping the benefits of positive and satisfying numbers. However, on other days it could be the reverse and it can be extremely difficult to return to where you were your most productive. If you are always in the mud it is important to recognize that relying on instinct and survival might not be enough.
If you’ve been incurring loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the globe, which is why we’ve identified a platform that can support you to improve your performance in the market. This review will be taking a look at Profit.ly, a well-recognized all-in-one 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 Gross Profit Opposite
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of different levels to be informed responsible, transparent, and encouraging one another through its wide variety of tools and features like chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for people who are just beginning their journey and as a hub for traders who are experienced to monitor their performance using the aid of advanced analytics tools. It provides users with a vast array of options to facilitate 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 that the site. Consider it an online social media platform similar to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are valid and won’t tolerate inauthenticity as much as it is possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes declared that Profit.ly was based “on showing every trade, something that has never been done before.” This idea Sykes said served two goals: 1.) creating public track records for all traders, not just the gurus and students and newsletter writers, and 2) making it possible for everyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. Gross Profit Opposite
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of features and services aimed towards achieving the success of their business. You may set up an account there for free, but you’re only given the capability to browse the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offers, which we will review in the coming days.
The process of opening an account is easy: create a profile with your experiences and expertise, connect to your brokerage account and you’ll be given the chance to climb through high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users an insight into how the community of traders performs as well as its gurus. It’s not only a chance to prove your worth to a community of traders, as you can also use Profit.ly to purchase with a professional with the confidence that you are confident of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, then you could choose to publish your trades, either verified or otherwise, through screenshots. Included in Profit.ly are the vast number of courses in trading and the capability to see statistics on a person’s profile as well as other ways to communicate with your gurus through the chatroom along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into the penny-stock market. According to Investopedia, a penny stock is a small business’s stock which trades at just less than 5 cents per share. The penny stock market can be seen as an opportunity for small companies to move into a larger market because they can access money 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 thanks to his years of expertise.
Beginning in his late years in the high schools, Tim Sykes has, since then, made over $6 million of profit through his lengthy career as a trader. At 25 years old Tim Sykes had received greater exposure and a larger influence over time as a participant in the reality show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a platform for openness, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. These gurus refer to the experts in trading who have proven to make substantial profits from their collective years of knowledge. Gross Profit Opposite
At its peak, Profit.ly had housed up to five gurus, all of them a professional within their particular field in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, however, only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 monthly, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to predict the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS as well as 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, upgraded version of the Tim’s Alerts package. It costs $149.95 per month, it is the perfect plan for those who are more invested in investing in penny stocks. Pennystocking Silver offers all the essential features of the previous plan, such as swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Gross Profit Opposite
The Superman Alerts plan is his offering of essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket as well as the mobile app, the daily market updates in real-time, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base of information provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. On top of that, you’ll also get an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and make a mark on the market, Profit.ly has the right amount of resources to help you going. The platform has three membership levels that cater to traders of different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. When you sign up for this package, you will be immediately provided with a variety of powerful and essential trading tools, all of which is essential to keep your hands on what we could call a ruthless procedure in its own.
Some of the features you can do with Profit.ly’s Novice program is the capability to check the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and, lastly, view other’s stats.
The Novice plan is $29.95 per month. Although it might look appealing for the price alone however, there’s a drawback. You can’t create a private account, making your activities publicly available. If you do want to get the benefit of this service, be watching for us to introduce to you Profit.ly’s next plan.
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 a private profile to share with other associates all your insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to improve their expertise in trading. As nice as it seems however, there’s a crucial aspect that’s not included. In contrast to the Novice package, this one won’t be able to see the statistics of other traders, which might be a drawback for some who may be looking forward to this tier. Gross Profit Opposite
Pro Plan
The Professional plan can be described as the highest luxurious package Profit.ly offers to experienced traders. It costs $74.95 per month, with a 22% discount when billed annually the Pro plan has it all. It gives you full, unlimited access to all the features of the previous plans combined.
In addition, you’ll be able to see other users’ stats and data, but you also have the opportunity to create your own private profile. These two features are on top of all the advantages you’ll be able to use to the maximum extent. If you’re in search of an account that will give you everything you need as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly provides a variety of more services it has to provide. One of them is the online store, which lets users select from a variety of videos created to help you understand the ins and outs of trading. All of the products featured in this section of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other things trading-related, clips and scenes from the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of features and services. You may be familiar with the concept of the chat room as you can see it across social and messaging platforms, and also on a few specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a hands-on place where gurus and their member traders can communicate and exchange knowledge in real-time. Each guru has their style in operating their chat room and dealing with the members. Some may be more laid back and less active, while another may be more active and in touch with their students. Consider chatrooms as Profit.ly’s version of a forum, in its 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, ranging from beginners to experienced pros. Given the wide range of options it offers it is certain to have something for everyone.
For instance, newbies will enjoy Profit.ly’s library of learning information available on the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. They’ll also be able to choose from the items from its online store for them to take wherever they may go. You can also get hands-on experience trading on the platform, but eventually, they will soon learn that this is a high-stakes game that shouldn’t be treated as an amusing pastime.
For the traders with years of exposure down the road, we consider Profit.ly equally suited to those who are just starting. Although the novices might not be as adept at handling trading matters, the pros already understand the way it functions and the plethora of risks that come with it. Ideally, they may utilize Profit.ly’s range of features to their full advantage to improve their trading skills. Like beginners, they can study from the gurus and experts and utilize those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to help guide them through the ever-illustrious trading process. Gross Profit Opposite
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You will receive excellent training and advice from the company’s inside experts, as well as libraries of educational videos and real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates There is truly something for everyone
The Cons
- Profit.ly’s numerous packages and products offered may be too much for most of its customers
- If traders decide to make any type of trade, there’s the possibility that some of them will profit by selecting the best trades in order to boost their rating This could be a concern that should not be ignored.
- Profit.ly does not accept refunds because the premium customers will immediately benefit from the number of features the platform is able to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it would be a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally meant to be designed to achieve this goal. Instead, it is best to keep curiosity. Gross Profit Opposite
What we do mean”yes” is that it is a fantastic learning tool. Those who may be stuck could find Profit.ly’s variety of resources helpful when they try their best to avoid losses and be more successful than before. Not only struggling traders who will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you really 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 may be a great alternative to start.
FAQ Gross Profit Opposite
How can you make use of Profit.ly to post your trades?
Profit.ly includes a trade entry portion in the ‘My Trade section of the dashboard. It allows you to post your trades, verifiable or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there’s the likelihood that it can be verified. This is evident by the blue check mark. If you post it in a manual way or by taking images, it will be classified as unverified.
The drawback of posting an unverified trade is the possibility of getting downvotes from your friends and colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities on the stock market left and right.
