Stock trading is a high-stakes game. On some days, you could be reaping the benefits of pleasing and positive numbers. On other days, the opposite may happen and it can be very difficult to get back to where you were your peak. If you’re immersed in the water You will need to recognize that relying on your instincts and preserving may not always be enough.
If you’ve suffered losses from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe. That’s why we’ve identified a platform that can support you to improve your performance within the field. In this review, we’ll be taking the time to look at Profit.ly A well-respected 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 Mark Croock Profitly
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be knowledgeable responsible, transparent, and uplifting with each other by offering a wide range of features and tools including chat rooms, trade verification, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for traders new to trading and as a hub for traders with experience to keep track of their performance with the help of sophisticated analytics tools. It provides users with a vast array of options for trade and communication, it helps traders from all walks of life network with each other. It also allows gurus to make worthy investments within the boundaries of this platform. Consider it the social media equivalent to Facebook and Reddit, but for experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are valid and won’t accept fake news as long as possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of all trades, something that has never been done before.” This idea was, he said, serving two purposes: 1) creating public track records for all traders, not just the gurus as well as newsletter writers and students and secondly) allowing everyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Mark Croock Profitly
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of services and features geared at achieving success. It is possible to create an account on the site at no cost, however you’re only limited to having the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s offers that we’ll go over shortly.
Making an account simple: Create a profile with your experiences and expertise, connect your brokerage account, and you’ll be given the chance to climb through the top of the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users an insight into the performance of the trading community as well as its gurus. It’s not just a way to prove your worth to a large group of traders, as you are also able to use Profit.ly to buy with a professional with the assurance that you’re confident with their expertise and the veracity of their assertions.
If you feel uneasy with the concept of leaking your brokerage account, you can opt to post your trades, either verified or not, by taking photographs. In Profit.ly are a variety of courses in trading, the ability to view statistics on a person’s profile, and more ways to connect with your gurus in the chatroom, along with 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 trader who is well-known for his involvement in the penny-stock market. According to Investopedia Penny stock refers to a small company’s shares that trade for just less than 5 cents per share. Penny stock trading is an avenue for small companies to move to a market that is larger as it allows them to access funds from the general public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of expertise.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, earned an estimated $6 million profit during his long and successful career as trader. At the age of 25, he had been given more exposure and a wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” He then made use of the show to establish trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to trading. He also played a role in establishing Profit.ly as a platform for transparency, 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 wide range of educational tools, trade alerts and other helpful stuff provided by the company’s internal gurus. The gurus in question refer to the experts in trading who have proven to make significant amounts of profit from their collective years of knowledge. Mark Croock Profitly
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this 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 we’ll take a look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS and Android devices, as well as email, text, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 per month, it is an ideal plan for investors who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features found in prior plans, including swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading profits. Mark Croock Profitly
The Superman Alerts package is his offer of the most essential features and alerts on trading geared 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 shown 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, plus access to an extensive base of knowledge of information 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 the growing collection of other previous ones. On top of that you’ll also gain the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership levels, each designed for traders at different levels. Let’s look at what the three levels are and what they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading community. As you sign up for this package you’ll be offered a range of strong and vital trading tools, each of them integral in keeping your fingers on what we call a competitive procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following and even texting your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, as well as filter trades and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing simply because of the price, there is a downside. It isn’t possible to create a private profile, which makes your actions public. If you’re interested in get an account with this option, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in the novice plan. It is in this plan that you can create an account that is private for sharing with fellow associates all your insights and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to develop their skills in trading. While it’s nice however, there’s a crucial feature that is missing. As opposed to the prior Novice package, this one won’t be able to see other traders’ statistics, which could be a problem for those who are eager to try this new tier. Mark Croock Profitly
The Pro plan is the most luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 monthly, and a 22% discount for billing annually the Pro plan has it all. It gives you full, unlimited access to all the options of the previous plans combined.
In addition, you’ll be able to see other users’ stats and data, but you also have the opportunity to create an individual profile. These two features are plus the other advantages you’ll be able to use to the maximum extent. If you’re in search of an option that gives you with everything you require as a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly provides a variety of additional services that it can offer. One of these is its online store, where customers can choose from a wide array of video products designed to inform 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 immediately purchased for personal use. Some of these include bestsellers such as the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other aspects of trading. There are also clips and scenes from events like the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You may be familiar with the concept of the chat room as you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly it’s seen as a space where experts and their member traders can communicate and share knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members there. One of them may be laid back and less active, while another may be more interactive and online in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock traders, ranging from novices to the most experienced. Given the wide range of options it has to offer, the platform surely has something for every person.
Beginners, 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 advice from its in-house gurus and members. They’ll also be able select from the products on its store online for them to take wherever they may be. They can also gain hands-on experiences from trading within the platform, but eventually they’ll be able to realize that the process is a high-stakes game that shouldn’t be taken as an amusing pastime.
For the traders with years of exposure down the line, we believe Profit.ly as equally as suitable to 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 array of features to their best advantage to enhance their trading abilities. Like beginners, they can study from the gurus and experts , and use those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Certified experts can also take part in the fun! People in the trade industry who are at similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to help navigate them through the ever-changing trading process. Mark Croock 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, communication, and trading tools
- You get to be taught by experts and advice from the company’s 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 as well as fellow traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its core abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates – there truly is something for every person
- Profit.ly’s abundance of products and packages offered might be too much for most of its users
- As traders may opt to open any kind of trade, there’s an opportunity that some them will profit by picking the most profitable trades to boost their rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds as its premium users are expected to immediately take advantage of the numerous services that the platform can provide
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The Final Concluding Question: Is Profit.ly Valued?
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 meant to be designed to achieve this goal. Instead, you should have curiosity. Mark Croock Profitly
What we do mean”yes” is that it can be a great learning tool. Those who may be stuck may find Profit.ly’s range of resources helpful when they try their best to reduce loss and perform better than they did before. It’s not just the poor traders that can benefit from the platform. It can accommodate beginners and even experts in the field!
If you truly desire to be more successful in trading and would like to be taught by your fellows and gurus along the way, then look no further – Profit.ly may be a great alternative to start.
FAQ Mark Croock Profitly
How do you use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries under the “My Trade section of the dashboard. It allows you to post your trades, verifiable or otherwise. There are three options:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there’s a high chance that it is verifiable. This is shown by the blue check mark. If you upload the information manually or via images, it will be classified as unverified.
The disadvantage of 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, which is where the public can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just seeking to make the most profit but also help each other grow and learn more about acquiring stock market opportunities left and right.