The stock market can be an extremely risky game. On some days, you may have the benefit of pleasing and positive numbers. On other days, the opposite may happen and it could be very difficult to get back to the point you were at your most productive. If you find yourself immersed in the water, you will have be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve experienced occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from fellow traders from around the world, which is why we’ve discovered an online platform that will help you to improve your performance within the field. This review will take an in-depth look at Profit.ly is a well-known 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 Is Profitly Worth It
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of different levels to be knowledgeable and accountable, as well as transparent and encouraging each other by offering a wide array of tools and features like chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for those 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. It provides users with a vast range of resources for trade and communication, it helps traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Consider it an online social media platform similar to Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are authentic and won’t allow for fraud as much as it is possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine Sykes stated that Profit.ly was driven by its focus “on the transparency of all trades, something that was never done before.” The idea Sykes said served two goals: 1.) making public records for not just the gurus as well as newsletter authors and students, and 2) giving all users to learn from both losses and wins for the trading industry’s benefit. Is Profitly Worth It
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of services and features geared at achieving achievement. It is possible to create an account there for free, but you’re limited to the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real time You’ll need to subscribe to any of Profit.ly’s deals, which we will review in the coming days.
Setting up an account is easy: create an account with your experience and skills, join to your brokerage account and you have yourself the chance to climb your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a glimpse of how the community of traders performs as well as its gurus. You’re not just allowed to show your worth to a large group of traders, as you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re comfortable in their skills and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you may choose to publish your trades, whether verified or not, by taking photographs. Included in Profit.ly are the vast number of trading courses as well as the ability to look at statistics on a person’s profile, and more ways to interact with your experts 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 trader who is famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. The penny stock market could be viewed as an avenue for small-scale businesses to make the transition into a larger market because it allows them to access funds from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal thanks to his years of experience.
Beginning in his late years in High School, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as trading professional. At the age of 25, he had been given greater exposure and a larger impact when he became part of the reality TV show “Wall Street Warriors.” He then used the opportunity to establish trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a place for transparency, and for the community to lift each other up and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have made substantial amounts of money from their collective years of knowledge. Is Profitly Worth It
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing 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. When we take that into account, let’s take a look at the packaged offers each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll observe him focus on basic stock catalysts and employ them to forecast the next move that is possible when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for 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 highest-quality version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 for a month it is a great option for those who are more invested in the penny-stock market. Pennystocking Silver offers all the essential features of prior plans, which includes alerts for swing trading and access to an extensive library of over 7,000 educational videos that are updated each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Is Profitly Worth It
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 an access to the day-to-day stock watchlist that is premarket along with the mobile app, the daily market commentary shown in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. In addition you’ll also have the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to get you going. The platform has three membership tiers, each designed for traders of different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading community. When you sign up for this plan, you will be immediately offered a range of strong and vital trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to verify the results of your trades and track profit; leading, following and even texting other traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze your trades, sort and filter your trades and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. Although it looks attractive just by the price, there is a downside. You can’t create a private profile, which makes your personal information public. If you’re looking to gain an account with this option, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to take advantage of many of the features of The Novice package. This plan allows that you can create a private profile to share with other associate users all the insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering to those who desire to improve their expertise in trading. While it’s nice, there is one significant aspect that’s not included. As opposed to the prior Novice package, you will not be able to view other traders’ statistics this could be a disadvantage for those who are anticipating this level. Is Profitly Worth It
Pro Plan
The Pro plan is the most expensive plan Profit.ly can offer to experienced traders. With $74.95 per month, with a 22% discount for billing annually This plan offers everything. It gives you full, unlimited access to all options of the previous plans.
Not only do you get to look at other people’s statistics as well, you’re also offered the chance to create a private profile. Both of these options, plus the other benefits that you can use to the maximum extent. If you’re in search of an account that will give you with everything you require as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly provides a variety of additional services that it can offer. One of these is its online store, which lets users choose from a wide array of video products created to help you understand the nuances and pitfalls of trading. The products listed in this section of the site can be purchased immediately for personal use. Among these products include best-sellers like the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to short stocking, penny stocking, and all other aspects of trading. There are also clips and clips from events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of services and features. You’re probably familiar with the concept of the chat room since you will see it on messaging and social platforms, in addition to a few special websites that provide live chat assistance. However, in Profit.ly, it is seen as a hands-on area where experts and members trade and learn in real time. Each guru has their style in running their chat rooms and dealing with the listed members there. Some may be more laid back and less active, while another might 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 for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards 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 all.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus and their members. Additionally, they can select from the products in its online store for them to take wherever they may travel. You can also get hands-on experience trading on the platform, but ultimately they’ll be able to realize that this is a risky game that shouldn’t be taken as an amusing pastime.
For those traders who have had decades of experience in the line, we see Profit.ly equally suited for them as it is for those who are just starting. Although the novices might not be as well-equipped with managing trading however, experienced traders know how it works along with the plethora of risks that come with it. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to develop their trading skills. Like beginners, they can learn from the experts and experts , and use those short tips and tricks along the way.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are at similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to navigate them through the ever-changing trading process. Is Profitly Worth It
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You’ll be taught by experts and advice from the company’s inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates – there truly is something for everyone
The Cons
- Profit.ly’s numerous packages and products offered may be too much for the majority of its customers
- As traders may opt to post any kind of trade, there is a possibility that some of them could profit from cherry-picking the best trades to improve their ratings This could be a risk that shouldn’t be ignored.
- Profit.ly does not accept refunds because its premium users are expected to instantly benefit from the number of services that the platform can provide
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The Final Verdict: Is Profit.ly Worth It?
If we could come up with an answer to this question, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t intended to be created to achieve this goal. Instead, you need to have curiosity. Is Profitly Worth It
What we mean by ‘yes’ is that it can be a great learning tool. People who are stuck might find Profit.ly’s array of resources to be helpful as they do their best to reduce losses and be more successful than before. It’s not only the poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
So, if you genuinely want to become a better trader and want to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Is Profitly Worth It
How do you use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries under the “My Trade category on the dashboard. It allows you to post your trades, verifiable or otherwise. There are three choices:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you import your trade from a trusted brokerage, there’s an excellent chance that it is verifiable. This is shown by the blue check mark. If you upload it in a manual way or by taking images, it will be classified as unverified.
The disadvantage of an unauthentic trade is the chance of receiving downvotes from fellow peers. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just seeking to make the most profit but also assist each other to learn and improve in acquiring stock market opportunities all over the world.
