The stock market can be an exciting game with high stakes. On some days, you could be reaping the benefits of pleasing and positive numbers. On other days, however, the opposite may happen and it could be very difficult to get back to where you were at your peak. If you find yourself immersed in the water it is important to recognize that relying on your instincts and preserving may not always be enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your fellow traders from around the world, which is why we’ve discovered an option that can help you to improve your performance within the field. In this review, we’ll take a 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 Mariana Hincapie Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of all levels to be knowledgeable responsible, transparent, and encouraging each other by offering a wide variety of tools and features including trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for those who are starting out and also as a platform for experienced traders to track their performance using the aid of sophisticated analytics tools. It provides users with a vast variety of tools for communication and trade, it helps traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines of this platform. Think of it as an online social media platform similar the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are valid and won’t accept fake news as long as it is possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine Sykes said that Profit.ly was motivated by its focus “on showing all trades, something that was never done before.” The idea was, he said, serving two purposes: 1) creating public track records for not just the gurus as well as students and newsletter writers as well as) giving all users to gain insight into the losses and wins to the benefit of the trading industry. Mariana Hincapie Profitly
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of tools and services that are geared towards achieving achievement. It is possible to create an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real-time You’ll need to subscribe to any of Profit.ly’s offers, which we will review in the coming days.
Making an account easy: 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 feature, as previously mentioned was designed to offer its users an insight into their performance as a trading group as well as its experts. You’re not just allowed to prove that you’re worthy to the large group of traders. You can also use Profit.ly to shop from a guru with the confidence that you are confident with their expertise and the veracity of their assertions.
If you feel uneasy with the idea of divulging your brokerage account, then you could choose to publish your trades, verified or not, via pictures. Included in Profit.ly are a variety of trading courses, the ability to view stats in a trader’s profile, and more ways to connect with your gurus via chatrooms as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his involvement in the penny-stock market. According to Investopedia Penny stock is a small business’s shares that trade for just less than 5 cents per share. Penny stock trading could be viewed as a stepping stone for small-scale businesses to make the transition to a large marketplace as it allows them to access money from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell thanks to his years of expertise.
Beginning at the end of his time in High School, Tim Sykes has, since then, made an estimated $6 million earnings throughout his illustrious career as trader. When he was 25 years old, he had been given more exposure and a wider reach of influence when he was a part of the reality series “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms and penny stock themes and educational material aimed at people who are brand new to trading. He also helped establish Profit.ly as a platform 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 vast array of education tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have proven to make substantial profits through their years of expertise. Mariana Hincapie Profitly
At its height, Profit.ly had housed up to five gurus, each of them a professional in their niche in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. At $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS as well as Android devices, 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 that has been upgraded of the Tim’s Alerts program. At $149.95 for a month this is a great option for investors who are committed to penny stock trading. Pennystocking Silver includes all the basic features of earlier plans including alerts for swing trading and access to a library of more than 7,000 instructional videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading profits. Mariana Hincapie Profitly
The Superman Alerts plan is an offer of the most essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile app, daily market commentary in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge that is provided by Superman himself through the Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. Additionally you’ll also gain an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to get you started. The platform offers three membership levels that are designed to accommodate traders of different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. When you sign up for this plan, you will be immediately offered a range of strong and indispensable trading tools, all of which is essential to keep your fingers on what can describe as a cutthroat process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; leading, following, and even messaging other traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study, 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 simply because of the price, there is a downside. It isn’t possible to create a private account, making your actions public. If you’re looking to get access to this feature, stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package allows you to take advantage of a majority of features from The Novice package. This plan allows that you are able to create a private profile to share with fellow associate users all the insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to harness their trading skills. Although it’s a nice thing but there’s one important feature that is missing. As opposed to the prior Novice package, you won’t be able view other traders’ stats, which could be a disadvantage for those eager to try this new tier. Mariana Hincapie Profitly
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly offers to experienced traders. With $74.95 monthly, which includes an additional 22% discount for billing annually the Pro plan has everything. You will have full, unrestricted access to all the features from the two previous plans.
In addition, you’ll be able to view other people’s stats as well, you’re also offered the chance to create an individual profile. Both of these options, plus the other advantages that you can utilize to the maximum extent. If you’re looking for an option that gives you with everything you require as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly has a few additional services that it can offer. One of those is its online store, which lets users select from a variety of instructional videos that are that are designed to educate and guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, as well as all related to trading, videos and clips from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of services and features. You’re probably familiar with the chat room as you will see it on messaging and social platforms, and also on a few specialty websites that offer live chat assistance. But in Profit.ly, it is seen as a area where experts and members trade and share knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members there. One might be laid back and rarely active, while another may be more online and communicative to their pupils. Think of the chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock traders, from novices to the most experienced. With the variety of deals it offers this platform definitely has something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational materials available across the platform. In addition, they will get daily videos and chat room advice from the in-house experts as well as their members. Additionally, they can choose from the items on its store online that they can take with them wherever they be. Additionally, they can gain practical experience trading on the platform, but ultimately, they will soon learn that the process is a high stakes game that shouldn’t be treated as an amusing pastime.
For the traders with many years of experience down the line, we believe Profit.ly equally suited to them as the newcomers. While novice traders may not be as well-equipped with handling trading matters however, experienced traders know the way it functions and the risky mix that come with it. Ideally, they may use Profit.ly’s variety of features to their full advantage to enhance their trading abilities. As beginners, they are able to learn from the experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the excitement! People in the trade industry who are at similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to assist them in the ever-changing trading process. Mariana Hincapie Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You get to be provided with excellent lessons and tips from the in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders ready to call you out if something occurs.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- Apart from its core capabilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There’s something for everyone
The Cons
- Profit.ly’s abundance of products and packages offered might not be enough for a lot of its customers
- As traders may opt to make any type of trade, there’s the possibility that some of them may take advantage by cherry-picking the best trades to improve their ratings – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds, as its premium users are expected to immediately benefit from the many features the platform is able to provide
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The Final Verdict is: Is Profit.ly worth it?
If we could come up with an answer to this question, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally designed to be used to achieve this goal. Instead, you should have an open mind. Mariana Hincapie Profitly
What we mean”yes” is that it is a fantastic learning tool. Those who may be stuck could discover Profit.ly’s array of resources useful as they do their best to reduce losses and be more successful than they did before. It’s not just the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being more successful in trading and would like to learn from your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Mariana Hincapie Profitly
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers an entry section for trades within the My Trade category on the dashboard which lets you post your trades, verifiable or otherwise. There are three options:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your transactions
How can I tell 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 evident by the small blue check. If you post the information manually or via screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving downvotes from fellow peers. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities on the stock market all over the world.
