The stock market can be a high-stakes game. On some days, you might be reaping the benefits of pleasing and positive numbers. However, on other days, the opposite may happen, and it may sometimes be very difficult to get back to where you were at your best. If you’re constantly stuck in the gutter You will need to recognize that relying on your instincts and preserving is not always enough.
If you’ve experienced loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the world, which is why we’ve discovered a platform that can support you in your improvement in the market. We’ll take a 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Lor Leaderboard
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of various levels to be knowledgeable responsible, transparent, and encouraging one another through its wide variety of tools and features such as trade verification, chat rooms and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for those who are just beginning their journey as well as a place for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Offering users a broad variety of tools for communication and trade that help traders from all walks of life connect with one another. It also allows gurus to make an opportunity to invest in the right areas of the platform. Imagine it as the social media equivalent like Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it ensures that the trades are valid and won’t tolerate inauthenticity as much as it is possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that has never been previously done.” The concept was, he said, serving two goals: 1.) making public records for everyone, not just the experts and newsletter writers and students, and 2) giving everyone on the platform to learn from the losses and wins to the benefit of the trading industry. Lor Leaderboard
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of services and features geared at achieving the success of their business. It is possible to create an account on the site at no cost, however you’re only given the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is easy: create a profile with your experiences and expertise, connect to your brokerage account and you have yourself the chance to climb through the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a look at the performance of the trading community and its gurus. It’s not only a chance to show your worth to a large group of traders, but you can also use Profit.ly to buy with a professional with the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you’re not comfortable with the idea of divulging the details of your broker account you can opt to post your trades, either verified or not, via screenshots. Also included in Profit.ly is the huge selection of trading courses as well as the ability to look at the stats of a trader’s account and other methods to interact with your experts through the chatroom along with 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 famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for less than $5 per share. The trading of penny stocks can be seen as an avenue for small businesses to transition to a large marketplace as it allows them to access funds from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes can surely tell thanks to his years of experience.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made over $6 million of profit through his lengthy career as trader. At the age of 25, he had been given greater exposure and an even wider influence over time when he became part of the reality show “Wall Street Warriors.” He took advantage of it to establish trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a platform for transparency and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of educational sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have earned substantial amounts of money from their collective years of expertise. Lor Leaderboard
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, 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. When we take that into account we’ll take a look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 for a month you will see him focus on the basic stock catalysts and employ them to predict the next moves that could occur when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS as well as Android devices, email, text and push alerts and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 for a month it is an ideal plan for those who are more invested in penny stock trading. Pennystocking Silver comes with all the standard features of the previous plan, which includes swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Lor Leaderboard
The Superman Alerts package is his offer of the most essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. Additionally, you’ll also get the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of resources to get you going. The platform has three membership levels that are designed to accommodate traders at different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. As you sign up for this package, you will be immediately offered a range of strong and vital trading tools, each of which is essential to keep your fingers on what we can describe as a cutthroat process by itself.
Among the list of things you can do using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit; leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze your trades, sort and filter your trades; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it might look appealing for the price alone, there is a downside. You can’t create a private account, making your actions 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 new plan.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from The Novice package. It is in this plan that you can set up an account that is private for sharing with fellow associate users all your knowledge and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to develop their trading skills. While it’s nice, there is one significant feature that is missing. Unlike the previous Novice package, you will not be able view other traders’ statistics this could be a problem for those anticipating this level. Lor Leaderboard
Pro Plan
The Pro plan is the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 per month, which includes an additional 22% discount when billed annually, this tier has it all. It gives you full, unlimited access to all features from the two previous plans combined.
Not only do you get to look at other people’s statistics and data, but you also have the opportunity to create an individual profile. These two features are in addition to the advantages that you can utilize to the maximum extent. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly offers a number of more services it has to provide. One of them is the online store, which lets users choose from a wide array of instructional videos that are created to guide you through the ins and outs of trading. The products listed in this section of the website is available to be purchased immediately for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and other things trading-related, clips and footage of 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 services and features. You are probably familiar with the chat room as you can find it throughout social and messaging platforms, in addition to a few special websites that provide live chat support. But in Profit.ly it’s seen as a place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members. Some may be laid back and rarely active, while another might be more interactive and online to their pupils. Think of the chat rooms like Profit.ly’s version of the forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock traders, ranging from beginners to experienced pros. Given the wide range of options it can provide, the platform surely has something for all.
Beginners, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. Not only will they get daily videos and chat room advice by its internal gurus and members. They’ll also be able to select from the products from its online store that they can take with them wherever they travel. Additionally, they can gain practical experiences by trading through the platform, however they’ll realize that the process is a risky game that shouldn’t be treated as a joke.
For the traders with many years of experience down the line, we see Profit.ly as equally as suitable to them as those who are just starting. While novice traders may not be as proficient in dealing with trading issues, the pros already understand how it works along with the risky mix that it carries. In the ideal scenario, they can make use of Profit.ly’s array of features to their full advantage to improve their skills in trading. Like novices, they can study from the gurus as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Verified experts can also join in the fun! People in the trade industry who are on the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to help navigate them through the ever-changing trading process. Lor Leaderboard
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You’ll be provided with excellent lessons and insights from its internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates – there truly is something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for the majority of its users
- Since traders can choose to open any kind of trade, there is an opportunity that some them could profit from selecting the best trades in order to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly will not allow refunds because the premium customers are expected to instantly benefit from the number of services the platform has to offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it would be a ‘yes’. However, you must realize that the platform should not be used as a get-rich-quick scheme. The platform was not always intended to be created to achieve this goal. Instead, it is best to keep curiosity. Lor Leaderboard
What we do mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they could find Profit.ly’s range of resources to be helpful when they try their best to incur lesser losses and perform better than before. It’s not just the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely desire to be a better trader and want to learn from your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Lor Leaderboard
How do you use Profit.ly to make your trades public?
Profit.ly has an entry section for trades under the “My Trade section of the dashboard. It lets you post your trades that are verified or not. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there is an excellent chance that it is verifiable. This is shown by the small blue check. If you upload it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The downside of having an unauthentic trade is the chance of receiving negative feedback from fellow peers. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also help each other learn and improve in acquiring stock market opportunities both right and left.
