Stock trading is an exciting game with high stakes. Some days, you may enjoy the benefits of positive and satisfying numbers. However, on other days it could be the reverse, and it may sometimes be very difficult to get back to where you were your most productive. If you’re always in the mud it is important be aware that relying solely on instinct and survival is not always enough.
If you’ve been incurring losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from trading partners from all over the globe. That’s why we’ve identified an option that can help you in your growth in the industry. This review will 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 Is Profitly Legit
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of different levels to be knowledgeable responsible, transparent, and to build relationships with one another through its wide range of features and tools like trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for people new to trading and as a hub for experienced traders to track their performance with the help of cutting-edge 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 one another. It offers gurus with worthwhile investments within the confines that the site. Think of it as the social media equivalent to Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that trades are valid and won’t accept fake news as long as it is possible. It was founded 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 magazine, Sykes stated that Profit.ly was driven by its focus “on showing all trades, something that has never been prior to.” This idea Sykes said served two purposes: 1) creating public track records for all traders, not just the gurus as well as newsletter authors and students as well as) making it possible for everyone on the platform to be enlightened by both the wins and losses for the trading industry’s benefit. Is Profitly Legit
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders have access to a range of features and services aimed toward achievement. You can create an account on the site for free, but you’re only given access to the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real time it is necessary to join one of Profit.ly’s offers, which we will discuss in the near future.
Making an account simple: Create an account with your experience and skills, join your brokerage account, and you’ll have an opportunity to make your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a look at the performance of the trading community as well as its gurus. It’s not only a chance to demonstrate value to a community of traders, as you can also use Profit.ly to purchase from a guru with the assurance that you’re confident in their skills and the veracity of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, you can decide to share your trades, either verified or not, via pictures. Included in Profit.ly are a variety of courses in trading as well as the ability to look at the stats of a trader’s account and other methods to communicate with your gurus through the chatroom in addition to notifications via email or text 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 delving his hands into penny stock trading. According to Investopedia Penny stock is a small business’s shares that trade for under $5 for each share. The penny stock market is an opportunity for small companies to move to a market that is larger as it allows them to access capital from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you through his many years of experience.
From his beginnings in the latter years of High School, Tim Sykes has, since then, earned over $6 million of profits through his lengthy career as a trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider reach of influence when he became part of the reality TV show “Wall Street Warriors.” He then took advantage of it to establish trading rooms and penny stock themes as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a place of transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have made substantial profits from their collective years of expertise. Is Profitly Legit
At its height, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. Costing $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 predict the next moves that could occur when trading.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS and Android devices, as well as text, e-mail, and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 per month, this is an ideal plan for investors who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in the previous plan, including alerts for swing trading and access to a rich collection of more than 7,000 educational 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 professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Is Profitly Legit
The Superman Alerts package is his offering of essential features and trading alerts targeted to those interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile app, the 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 that is provided by Superman himself, via his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. Additionally, you’ll also get access to premium research reports and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to get you going. The platform has three membership tiers that cater to traders at different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. Once you have signed up for this plan, you will be immediately given a slew of robust and vital trading tools, each of them integral in keeping your fingers on what we could call a ruthless process in and of itself.
The list of features you can do with Profit.ly’s Novice package include the capability to check 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, or filter the trades you make and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per month. While it may look attractive just by the price however, there’s a drawback. You can’t create a private profile, thus making your activities publicly available. If you’re interested in gain access to this feature, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows users to benefit from a majority of features from The Novice package. It is in this plan that you are able to create a private profile to share with fellow associates all your insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to develop their trading skills. As nice as it seems, there is one significant element that’s missing. In contrast to the Novice package, you won’t be able to view other traders’ statistics that could be a problem for some who may be eager to try this new tier. Is Profitly Legit
Pro Plan
This is by far the most expensive plan Profit.ly offers to experienced traders. It costs $74.95 per month, and an additional 22% discount when billed annually the Pro plan has it all. You get full, no-holds-barred access to all features from the two prior plans.
Not only do you get to view other people’s stats as well, you’re also offered the chance to create a private profile. Both of these options, in addition to the advantages that you can utilize to the maximum extent. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly has a few other services they provide. One of those is its online store, which allows users to select from a variety of instructional videos that are that are designed to educate and help you understand the ins and outs of trading. Each of the offerings 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 from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other related to trading, videos 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 as well part of Profit.ly’s variety of services and features. 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 assistance. But on Profit.ly it’s seen as a real-time area where experts and members can interact and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members there. One of them may be more laid back and less active, while another might be more online and communicative with their students. Consider chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, ranging from novices to experienced professionals. With the variety of deals it has to offer this platform definitely has something for all.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. Additionally, they can pick from the merchandise available from its online store to carry with them wherever they may travel. You can also get hands-on experiences by trading through the platform, but eventually they’ll realize that the process is a high-stakes game that shouldn’t be treated as an amusing pastime.
For traders who have many years of experience down the line, we believe Profit.ly equally suited to them as the newcomers. Although the novices might not be as proficient in dealing with trading issues however, experienced traders know the way it functions and the stack full of risks that it carries. It is ideal to use Profit.ly’s variety of features to their full advantage to enhance their skills in trading. Like novices, they can learn from the top experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the fun! People in the trade industry who are on an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to help guide them through the ever-illustrious trading process. Is Profitly Legit
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You get to receive excellent training and advice from the company’s internal experts, which include video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There’s something for all
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for most of its customers
- As traders may opt to make any type of trade, there’s an opportunity that some them may take advantage by selecting the best trades in order to boost their rating This could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because its premium users are expected to immediately benefit from the number of features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it’s a ‘yes’. However, you must realize that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you need to have an open mind. Is Profitly Legit
What we are referring to”yes” is that it is a fantastic learning tool. For those who are struggling, they might be able to find Profit.ly’s array of resources useful when they try their best to reduce loss and perform better than before. It’s not just the poor traders that can benefit from this platform. It is able to accommodate novices and even experts in the field!
If you truly care about being more successful in trading and would like to be taught by your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Is Profitly Legit
How can you make use of Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries in the ‘My Trade section of the dashboard. It lets you record your trades that are verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
How do I know whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there is the probability that it’s verifiable. This is indicated with the small blue check. If you post it in a manual way or by taking images, it will be classified as unverified.
The disadvantage of an unauthentic trade is the risk of receiving downvotes from fellow peers. A large number of downvotes could cause you to be listed in the Madoff leaderboard, where people are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are seeking to make the most profit but also assist each other to learn and improve in acquiring opportunities in the stock market left and right.
