The stock market can be a high-stakes game. On some days, you could enjoy the benefits of pleasing and positive numbers. On other days, however you may experience the opposite, and it may sometimes be extremely difficult to return to where you were at your peak. 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 suffered occasional losses You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the world, which is why we’ve discovered a platform that can support you in your improvement in the market. In this review, we’ll take a look at Profit.ly is a well-known all-in-one 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.
Total Rating: 4.1/5 Mark Crook Profitly
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of all levels to be informative responsible, transparent, and encouraging one another through its wide array of tools and features such as trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for people new to trading as well as a place for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Offering users a broad variety of tools for communication and trade and letting traders from all walks of life connect with one another. It offers gurus with worthy investments within the boundaries that the site. Consider it a social media site akin to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are authentic and won’t allow for fraud as much as it is possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview with Forbes publication, Sykes stated that Profit.ly was based “on the transparency of every trade, something that was never done before.” This idea, he added, served two goals: 1.) creating public track records for everyone, not just the experts, but also the students and newsletter writers and secondly) giving everyone on the platform to learn from both the wins and losses to benefit the industry of trading. Mark Crook Profitly
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of tools and services that are geared towards achieving success. You may set up an account on the site for free, but you’re only given the ability to navigate through the leaderboard and follow the actions 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 subscribe to any of Profit.ly’s deals that we’ll review in the coming days.
Making an account simple: Create an account with your experience and knowledge, then connect your brokerage account, and you have yourself an opportunity to make your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned was designed to offer its users a glimpse of how the community of traders performs and its gurus. It’s not just a way to show that you’re worthy to the large group of traders, but you are also able to use Profit.ly to shop with a professional with the assurance that you’re confident with their expertise and the credibility of their claims.
If you are unsure about the idea of divulging your brokerage account, you may choose to publish your trades, either verified or not, by taking pictures. Also included in Profit.ly are the vast number of trading courses as well as the ability to look at the stats of a trader’s account and other methods to connect with your gurus through 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 trading personality who is famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at just less than 5 cents per share. The penny stock market is an avenue for small businesses to transition into a larger market because it allows them to access money from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes can surely tell through his many years of expertise.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of earnings throughout his illustrious career as trader. When he was 25 years old Sykes was given more exposure and a wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to create trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place for transparency, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have earned significant amounts of profit through their years of knowledge. Mark Crook 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 famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus remain on the platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll be able to observe him focus on fundamental stock catalysts and use them to forecast the next move that is possible when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS as well as Android devices, texts, emails and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, it is a great option for those who are more invested in investing in penny stocks. Pennystocking Silver comes with all the standard features found in the previous plan, which includes alerts for swing trading and access to an extensive library of over 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has 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 earnings. Mark Crook Profitly
The Superman Alerts plan is an package of vital features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access daily premarket stock watchlist along with the mobile app, daily market commentary shown in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. Additionally you’ll also have access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers that are designed to accommodate traders of different levels. Let’s break down what these three levels are and what they will cost you.
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading world. Once you have signed to this plan, you will be immediately provided with a variety of powerful and essential trading tools, all one of them essential in keeping your fingers on what we call a competitive process by itself.
Some of the features you can do using Profit.ly’s Novice package include the ability to confirm trades and track profits as well as leading, following, and even messaging other traders; and giving feedback on the trades of today. You can also get onto leaderboards; study the results of your analysis, sort, or filter the trades you make and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive for the price alone however, there’s a drawback. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re looking to get 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 package lets you to take advantage of the majority of features available in the Novice plan. In this plan, that you are able to create a private profile to share with other associate users all the insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to develop their expertise in trading. Although it’s a nice thing but there’s one important feature that is missing. In contrast to the Novice package, you will not be able to view other traders’ stats, which could be a problem for some who may be anticipating this level. Mark Crook Profitly
This is by far the highest premium package that Profit.ly offers to experienced traders. At $74.95 monthly, which includes a 22% discount for billing annually This plan offers everything. You get full, no-holds-barred access to all features of the prior plans.
You’re not only able to see other users’ stats, but you’re also given the opportunity to create an individual profile. Both of these options, on top of all the benefits that you can use to the maximum extent. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leaderboards, Profit.ly provides a variety of more services it has to provide. One of those is its online store, which lets users choose from a wide array of video products that are designed to educate and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and other related to trading, videos and footage taken from The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s range of features and services. You may be familiar with the concept of the chat room as you can find it throughout social and messaging platforms and also on a few specialty websites that provide live chat support. But on Profit.ly it’s seen as a real-time space where experts and their member traders can communicate and share 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 more laid back and less engaged, while another could be more interactive and online in their interactions with students. Think of the chatrooms as Profit.ly’s version of the forum in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock traders, ranging from novices to the most experienced. Considering the number of offers it can provide it is certain to have something for all.
For instance, newbies will enjoy Profit.ly’s library of learning information available on the platform. In addition, they will get daily videos and chat room tips from its in-house gurus as well as their members. They’ll also be able choose from the items on its store online that they can take with them wherever they be. They can also gain hands-on experience trading on the platform, but eventually they’ll realize that this is a risky game that shouldn’t be taken as a joke.
For the traders with years of exposure down the line, we see Profit.ly equally suited for them as it is for the newcomers. While the newbies may not be as proficient in managing trading however, experienced traders know the way it functions and the stack full of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s array of options to their maximum advantage to develop their trading abilities. Like novices, they can study from the gurus and experts , and use those simple tips and hints to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their skill to others as a way to help assist them in the ever-changing trading process. Mark Crook Profitly
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with tons of learning communications, trading, and communication tools
- You will receive excellent training 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 guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates There’s something for all
- Profit.ly’s numerous packages and products offered may not be enough for a lot of its customers
- As traders may opt to make any type of trade, there is an opportunity that some them could profit from picking the most profitable trades to increase the rating This could be a concern that should not be simply overlooked
- Profit.ly does not accept refunds, as its premium users are expected to instantly benefit from the many features the platform is able to provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with an answer to this question, it would be yes. But it is important to realize that the platform should not be used as a scheme to get rich quick. It wasn’t meant to be designed in this way. Instead, you need to have the ability to think with an open heart. Mark Crook Profitly
What we are referring to”yes” is it is a fantastic learning tool. For those who are struggling, they could be able to find Profit.ly’s variety of resources helpful when they try their best to reduce losses and be more successful than they did before. Not only struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely care about being more successful in trading and would like to be taught by your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Mark Crook Profitly
How can you make use of Profit.ly to make your trades public?
Profit.ly offers a trade entry portion within the My Trade category on the dashboard that lets you record your trades that are verified or not. You may choose between three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades using the spaces provided and details
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there is an excellent probability that it’s verifiable. This is evident by the small blue check. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the chance of receiving downvotes from colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market left and right.