The stock market can be an extremely risky game. On some days, you may enjoy the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it can be extremely difficult to get back to where you were your most productive. If you find yourself constantly stuck in the gutter, you will have to recognize that relying on pure instinct and preservation is not always enough.
If you’ve experienced loss from time to time and you’re likely to require 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 globe. That’s why we’ve found a platform that can support you to improve your performance in the market. We’ll be taking an in-depth look at Profit.ly A well-respected 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 Lx26 Profitly
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be knowledgeable and accountable, as well as transparent and encouraging one another through its wide range of features and tools including trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for traders who are just beginning their journey as well as a place for traders with experience to keep track of their performance with the help of advanced analytics tools. Offering users a broad range of resources to facilitate trade and communication, it helps traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines that the site. Imagine it as the social media equivalent like Facebook and Reddit however it is geared towards traders and experts.
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 honesty and transparency: it makes sure that trades are authentic and won’t accept fake news as long as is humanly possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes declared that Profit.ly was based “on the transparency of all trades, something that was never done before.” This idea Sykes said served two objectives: one) making public records for everyone, not just the experts as well as students and newsletter writers, and 2) allowing anyone on the platform to be enlightened by both the wins and losses to benefit the industry of trading. Lx26 Profitly
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of services and features geared towards achieving the success of their business. You may set up an account at no cost, however you’re only given the capability to browse the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real-time, you will need to sign up to one of Profit.ly’s deals, which we will go over shortly.
Setting up an account is easy: create a profile with your experiences and expertise, connect to your brokerage account, and you’ll be given an opportunity to make through the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users an insight into the performance of the trading community as well as its experts. You’re not just allowed to show value to a large group of traders. You can also utilize Profit.ly to purchase with a professional with the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, you can opt to post your trades, whether verified or otherwise, through photographs. Also included in Profit.ly is the huge selection of trading classes as well as the ability to look at statistics on a person’s profile and other methods to interact with your experts through the chatroom in addition to notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his efforts in the penny-stock market. According to Investopedia Penny stock is a small business’s shares that trade for under $5 for each share. The penny stock market is a stepping stone for small companies to move 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 through his many years of expertise.
Beginning at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as trader. When he was 25 years old, he had been given greater exposure and an even wider influence over time when he was a part of the reality show “Wall Street Warriors.” He then took advantage of it to develop trading rooms and penny stock themes as well as educational content targeted at those who are new to trading. He also helped to establish Profit.ly as a platform for openness, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational tools, trade alerts and other helpful stuff provided by the company’s internal gurus. These gurus refer to the trading experts who have made significant amounts of profit from their collective years of experience. Lx26 Profitly
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll see him focus on the fundamental stock catalysts and use them to forecast the next possible moves in trading.
A single purchase from 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.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. It costs $149.95 monthly, this is a great option for those who are involved in the penny-stock market. Pennystocking Silver includes all the basic features found in earlier plans such as alerts for swing trading and access to a collection of more than 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 goes by the alias “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Lx26 Profitly
The Superman Alerts plan is an offering of essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket as well as the mobile app, the daily market commentary in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base that is provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. Additionally you’ll also gain the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and leave your mark on the field, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers that are designed to accommodate traders with different levels. Let’s look at what the three levels are and what they’ll cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. Once you have signed to this plan, you will be immediately offered a range of strong and indispensable trading tools, each of which is essential to keep your fingers on what we call a competitive procedure in its own.
Among the list of things you can accomplish with Profit.ly’s Novice program is the capability to check trades and track profits and follow-up, leading and even texting your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze, sort, as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per month. Although it might look appealing just by the price, there is a downside. You can’t create a private account, making your actions public. If you do want to have access to this feature, be watching for us to introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package allows you to use many of the features of the novice plan. In this plan, that you can create an individual profile that allows you to share with fellow associate users all your knowledge and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to improve their trading skills. While it’s nice but there’s one important aspect that’s not included. Unlike the previous Novice package, this one won’t be able to see other traders’ statistics that might be a drawback for those who are eager to try this new tier. Lx26 Profitly
The Professional plan can be described as the highest luxurious package Profit.ly can offer to experienced traders. With $74.95 per month, and an additional 22% discount when billed annually, this tier has it all. You get full, no-holds-barred access to all options of the previous plans.
You’re not only able to see other users’ stats, but you’re also given the opportunity to create a private profile. These two features are in addition to the advantages you’ll be able to use to the fullest potential. If you’re in search of a plan that can serve you with everything you require as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly provides a variety of additional services that it can offer. One of them is the online store, where customers can select from a variety of instructional videos that are that are designed to educate and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage of the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s variety of features and services. You may be familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, and also on a few specialty websites that offer live chat assistance. However, in Profit.ly it’s seen as a hands-on space where experts and their members can interact and learn in real time. Every guru has their own style in running their chat rooms and dealing with the members there. One might be laid back and less engaged, while another could be more active and in touch to their pupils. Consider chat rooms as Profit.ly’s version of the forum in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock traders, from beginners to experienced pros. Given the wide range of options it offers, the platform surely has something for every person.
For instance, newbies will enjoy Profit.ly’s library of learning materials available across the platform. In addition, they will be provided with videos every week and chat room tips from its in-house gurus as well as their members. They’ll also be able choose from the items in its online store that they can take with them wherever they travel. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll be able to realize that the process is a high stakes game that should not be viewed as an opportunity to make fun of.
For the traders with years of exposure down the road, we consider Profit.ly equally suitable to those who are just starting. While the newbies may not be as well-equipped with dealing with trading issues however, experienced traders know how it works and the risky mix that it carries. It is ideal to utilize Profit.ly’s array of options to their maximum advantage to develop their trading skills. Like novices, they can study from the gurus as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Trade professionals who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Lx26 Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge communications, trading, and communication 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 trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders that are waiting to reach you when something goes wrong.
- 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 users extra options to suit their preferences, such as posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices – there truly is something for all
- Profit.ly’s bountiful stream of packages and products offered may be too much for most of its customers
- Since traders can choose to make any type of trade, there’s an opportunity that some them will profit by cherry-picking the best trades to increase the rating – this may be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds, as its premium users will immediately benefit from the number of services the platform has to provide
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The Final Concluding Question is: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it would be a ‘yes’. But it is important to 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, it is best to keep an open mind. Lx26 Profitly
What we mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they could find Profit.ly’s array of resources useful as they do their best to incur lesser loss and perform better than they did before. Not only struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really want to become a better trader and want to be taught by your mentors and peers on the way, take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Lx26 Profitly
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has an entry section for trades within the My Trade section of the dashboard which lets you post your trades that are verified or not. You may choose between three options:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your trades
How do I know if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there is the likelihood that it can be verified. This is indicated with the small blue check. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the possibility of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to show up in the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many 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 assist each other to develop and grow in their ability to take advantage of stock market opportunities both right and left.