The stock market can be a high-stakes game. On certain days, you might be reaping the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite and it could be very difficult to get back to where you were at your most productive. If you find yourself constantly stuck in the gutter it is important be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve experienced loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the world, which is why we’ve discovered an online platform that will help you in your growth in the market. In this review, we’ll take an in-depth look at Profit.ly is a well-known one-stop 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 Torva Worth It
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informative and accountable, as well as transparent and encouraging each other through its broad variety of tools and features including chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for traders who are just beginning their journey as well as a place for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Providing users with a wide array of options to facilitate trade and communication that help traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries that the site. Imagine it as a social media site akin like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the trades are valid and won’t allow for fraud as much as it is possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes stated that Profit.ly was based “on the transparency of all trades, something that was never done before.” The idea was, he said, serving two objectives: one) keeping track of public data for all traders, not just the gurus, but also the newsletter writers and students as well as) giving everyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Is Torva Worth It
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of services and features geared towards achieving success. It is possible to create an account on the site at no cost, however you’re limited to the ability to navigate through 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.
Making an account simple: Create an account that includes your personal information and expertise, connect to your brokerage account and you’ll be given a chance to shoot through at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users an insight into the performance of the trading community as well as its experts. It’s not just a way to demonstrate that you’re worthy to the group of traders, but you can also use Profit.ly to buy with a guru, and have the assurance that you’re confident with their expertise and the veracity of their claims.
If you’re not comfortable with the idea of divulging the details of your broker account you may choose to publish your trades, verified or not, by taking screenshots. Included in Profit.ly are a variety of trading courses as well as the ability to look at statistics on a person’s profile, and more ways to communicate with your gurus via chatrooms along with notifications via email or text as well as updates.
Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his involvement in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for under $5 for each share. The penny stock market is an opportunity for small companies to move into a larger market because it gives them access to capital from the general public. But don’t be mistaken – it can also be an extremely risky game, as Sykes can surely tell through his many years of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million earnings through his lengthy career as trading professional. When he was 25 years old Sykes was given more exposure and a wider reach of influence when he became part of the reality show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms, penny stock themes, and educational material aimed at people who are brand new to the trading field. He also helped establish Profit.ly as a place of transparency, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have proven to make substantial profits from their combined years of experience. Is Torva Worth It
At its height, Profit.ly had housed up to five gurus, each of them an expert in their niche in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing however, only two gurus remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account we’ll take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to predict the next move that is possible when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS as well as Android devices, email, text and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 for a month it is an ideal plan for those who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features found in earlier plans which includes swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos, with new ones released each week.
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 both 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 total trading earnings. Is Torva Worth It
The Superman Alerts plan is an offering of essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket and the mobile app, the daily market commentary in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base that is provided by Superman himself through the Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally you’ll also have access to premium research reports and an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers that cater to traders with different levels. Let’s break down what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. When you sign up for this package, you will be immediately offered a range of strong and vital trading tools, all one of them essential in keeping your fingers on what we could call a ruthless procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice program is the capability to check trades and track profits; leading, following, and even messaging other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and lastly, look at other’s stats.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. It isn’t possible to create a private profile, which makes your personal information public. If you’re interested in gain an account with this option, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use a majority of features from the novice plan. This plan allows that you can set up an individual profile that allows you to share with fellow associate users all the insights and intel in the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to improve their skills in trading. While it’s nice however, there’s a crucial element that’s missing. Unlike the previous Novice package, you won’t be able to view other traders’ statistics that could be a disadvantage for those looking forward to this tier. Is Torva Worth It
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 per month, with 22% off for annual billing This plan offers everything. It gives you full, unlimited access to all features of the previous plans.
Not only do you get to see other users’ stats, but you’re also given the chance to create an individual profile. Both of these features, in addition to the benefits that you can use to the fullest potential. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly offers a number of additional services that it can provide. One of them is the online store, which lets users select from a variety of video products that are designed to educate and help you understand 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”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other related to trading, videos and clips taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of services and features. You may be familiar with the chat room as you can find it throughout messaging and social platforms, and also on a few specialty websites that provide live chat support. But on Profit.ly, it is seen as a real-time place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members. Some may be laid back and rarely active, while another may be more online and communicative in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features caters to the wide range of stock traders, ranging from novices to experienced professionals. With the variety of deals it has to offer this platform definitely has something for everyone.
Newbies, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. They will also be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. They’ll also be able select from the products in its online store to carry with them wherever they be. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll realize that trading is a high-stakes game that should not be viewed as a joke.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suitable to them as 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 plethora of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s range of options to their maximum advantage to enhance their trading abilities. Like novices, they can learn from the experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Trade professionals who are on an equal level with Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Is Torva Worth It
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders from all over the world with tons of learning tools, communication, and trading tools
- You get to receive excellent training and tips from the inside experts, as well as libraries of educational videos and live trading activity.
- You’re assured of transparency throughout 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 the chance to establish your reputation as a reliable and dependable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices – there truly is something for all
- Profit.ly’s numerous packages and products offered may be too much for the majority of its customers
- As traders may opt to make any type of trade, there’s an opportunity that some them may take advantage by picking the most profitable trades to increase the rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because the premium customers will immediately benefit from the many features the platform is able to offer
The Final Verdict is: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it would be yes. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally intended to be created for this reason. Instead, you need to have curiosity. Is Torva Worth It
What we are referring to”yes” is that it can be a great learning tool. Those who may be stuck might find Profit.ly’s variety of resources useful when they try their best to incur lesser 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!
If you really want to become more successful in trading and would like to learn from your peers and experts on the way, look no further – Profit.ly could be a good choice to start.
FAQ Is Torva Worth It
How do you use Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the My Trade category on 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 trades directly from there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your transactions
How do I know whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there’s the chance that it is verifiable. This is evident by the blue check mark. If you post the information manually or via screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the possibility of getting downvotes from your friends and colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from 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 people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of stock market opportunities both right and left.