Stock trading is a high-stakes game. Some days, you may enjoy the benefits of positive and satisfying numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to return to the point you were at your most productive. If you find yourself constantly stuck in the gutter, you will have to recognize that relying on pure instinct and preservation might not be enough.
If you’ve been incurring loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need an important boost from trading partners from all over the globe, which is why we’ve identified a platform that can support you in your growth within the field. In this review, we’ll be taking a look at Profit.ly A well-respected 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Investorslive Not On Profitly
The User’s Experience 4.5/5
Profit.ly is an online trading platform that allows traders of various levels to be knowledgeable and accountable, as well as transparent and uplifting with each other through its broad array of tools and features like chat rooms, trade verification and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for people who are starting out as well as a place for traders who are experienced to monitor their performance through the use of advanced analytics tools. Providing users with a wide array of options for communication and trade, it helps traders from all walks of life network with each other. It offers gurus with worthwhile investments within the confines of this platform. Imagine it as an online social media platform similar to Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been prior to.” The concept, he added, served two goals: 1.) creating public track records for all traders, not just the gurus and newsletter authors and students as well as) giving anyone on the platform to gain insight into both losses and wins to the benefit of the trading industry. Investorslive Not On Profitly
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to have access to a range of features and services aimed at achieving success. It is possible to create an account on the site for free, but you’re only given access to the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time You’ll need to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
The process of opening an account is easy: create an account that includes your personal information and expertise, connect your brokerage account, and you’ll be given the chance to climb your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users an insight into the performance of the trading community and its experts. You’re not just allowed to show value to a group of traders, as you can also use Profit.ly to buy from a guru with the confidence that you are confident with their expertise and the veracity of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, then you could choose to publish your trades, either verified or not, via screenshots. In Profit.ly are a variety of trading courses, the ability to view stats in a trader’s profile as well as other ways to connect with your gurus through the chatroom as well as text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his efforts in penny stock trading. According to Investopedia, a penny stock is a small business’s shares that trade for less than $5 per share. The trading of penny stocks can be seen as a stepping stone for small-scale businesses to make the transition to a large marketplace as it allows them to access money from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of expertise.
From his beginnings in the latter years of high school, Tim Sykes has, since then, made over $6 million of earnings throughout his illustrious career as trader. At 25 years old, he had been given more exposure and a wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” He then made use of the show to establish trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of transparency, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning tools, trade alerts and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have earned substantial amounts of money through their years of expertise. Investorslive Not On Profitly
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the trading industry. Some of the prominent gurus 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: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to observe him focus on basic stock catalysts and employ them to anticipate the next possible moves in trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS and Android devices; texts, emails 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 package. At $149.95 per month, it is an ideal plan for those who are more committed to investing in penny stocks. Pennystocking Silver includes all the basic features found in prior plans, which includes swing trading alerts and unlimited access to a collection of more than 7,000 educational videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with 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 trading earnings. Investorslive Not On Profitly
The Superman Alerts plan is his offering of essential features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket as well as the mobile application, daily market commentary shown in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base provided by Superman himself, via the Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. Additionally, 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 looking to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to help you going. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s break down what these three are and how much they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. Once you have signed up for this plan you’ll be offered a range of strong and indispensable trading tools, all of them integral in keeping your hands on what we could call a ruthless process in and of itself.
Some of the features you can do using Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following and even chatting with your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze, sort, or filter the trades you make and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing simply because of the price, there is a downside. You can’t create a private profile, thus making your activities publicly available. If you do want to get the benefit of this service, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader package allows you to take advantage of a majority of features from The Novice package. In this plan, that you are able to create an account that is private to share with fellow associates all your insights and knowledge you gain from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to develop their expertise in trading. Although it’s a nice thing but there’s one important aspect that’s not included. In contrast to the Novice package, you will not be able to view other traders’ statistics this might be a drawback for those looking forward to this tier. Investorslive Not On Profitly
The Professional plan can be described as the highest premium package that Profit.ly offers to experienced traders. At $74.95 per month, with an additional 22% discount when billed annually This plan offers it all. You get full, no-holds-barred access to all the options of the previous plans combined.
Not only do you get to view other people’s stats and data, but you also have the opportunity to create an individual profile. Both of these features, in addition to the advantages that you can utilize to the maximum extent. If you’re looking for an option that gives you with everything you require as an experienced trader, the Pro level is for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly offers a number of more services it has to provide. One of them is the online store, which allows users to pick from a range of videos designed to inform and help you understand the ins and outs of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and other things trading-related, clips and scenes from events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s array of features and services. You’re probably familiar with the chat room since you will see it on messaging and social platforms, in addition to a few special websites that offer live chat support. However, in Profit.ly, it is seen as a place where gurus and their member traders can communicate and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the members there. Some may be more laid back and less engaged, while another could be more active and in touch with their students. Consider chat rooms like Profit.ly’s version of the forum in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock traders, from novices to the most experienced. With the variety of deals it has to offer it is certain to have something for every person.
Newbies, for instance, will appreciate Profit.ly’s library of learning information available on the platform. They will also be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. They’ll also be able select from the products on its store online to carry with them wherever they go. You can also get hands-on experiences by trading through the platform, but ultimately they’ll realize that trading is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For the traders with years of exposure down the line, we believe Profit.ly equally suitable for them as it is for the newcomers. While novice traders may not be as well-equipped with managing trading however, experienced traders know how it works and the risky mix that it carries. It is ideal to make use of Profit.ly’s range of options to their maximum advantage to improve their trading abilities. Like beginners, they can learn from the experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the enjoyment! Trade professionals who are at an equal level with Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others in order to assist them in the ever-changing trading process. Investorslive Not On Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with tons of learning 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 trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There is truly something for every person
- Profit.ly’s abundance of packages and products offered may be too much for a lot of its customers
- Since traders can choose to make any type of trade, there’s a possibility that some of them could profit from picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as the premium customers are expected to instantly benefit from the number of features the platform is able to offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t intended to be created to achieve this goal. Instead, you need to have an open mind. Investorslive Not On Profitly
What we are referring to”yes” is it can be a great learning tool. Those who may be stuck might find Profit.ly’s variety of resources helpful when they try their best to reduce loss and perform better than they did before. It’s not just the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you really want to become better at trading and wish to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ Investorslive Not On Profitly
What are the best ways to use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries under the My Trade category on the dashboard which allows you to post your trades that are verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Take a photo of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is indicated with the small blue check. If you upload the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the risk of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just trying to maximize profits but also help each other learn and improve in acquiring stock market opportunities left and right.