Stock trading can be an extremely risky game. Some days, you might enjoy the benefits of positive and satisfying numbers. On other days, however you may experience the opposite and it could be very difficult to get back to the point you were at your most productive. If you find yourself always in the mud it is important be aware that relying solely on your instincts and preserving might not be enough.
If you’ve suffered occasional losses You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe. That’s why we’ve found a platform that can support you in your improvement within the field. This review will be taking 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Michael G Scott Profitly
User Experience: 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of various levels to be informative responsible, transparent, and uplifting with each other through its broad array of tools and features like chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for traders new to trading and as a hub for experienced traders to track their performance using the aid of sophisticated analytics tools. Providing users with a wide variety of tools for communication and trade that help traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas of the platform. Consider it a social media site akin the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as is humanly 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 appearance in Forbes magazine Sykes stated that Profit.ly was based “on showing the entire spectrum of trades, something which has never been previously done.” The idea Sykes said served two objectives: one) creating public track records for all traders, not just the gurus, but also the students and newsletter writers and secondly) making it possible for anyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. Michael G Scott Profitly
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders benefit from a variety of tools and services that are geared towards achieving success. It is possible to create an account there for free, but you’re only limited to having access to the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s deals that we’ll discuss in the near future.
The process of opening an account is simple: Create an account that includes your personal information and skills, join to your brokerage account and you’ll have a chance to shoot your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users a glimpse of how the community of traders performs as well as its experts. It’s not only a chance to show value to a large group of traders, as you can also use Profit.ly to shop with a guru, and have the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you are unsure about the idea of sharing your brokerage account, then you could choose to publish your trades, verified or not, by taking pictures. In Profit.ly are a variety of courses in trading, the ability to view the stats of a trader’s account, and more ways to interact with your experts through the chatroom in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for delving his hands into penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for less than $5 per share. Penny stock trading is an opportunity for small businesses to transition into a larger market because they can access funds from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes will be able to tell you because of his decades of expertise.
From his beginnings 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 trading professional. At 25 years old Tim Sykes had received more exposure and a wider influence over time when he was a part of the reality TV show “Wall Street Warriors.” He took advantage of it to create trading rooms and penny stock themes as well as educational content targeted at those who are new to the trading field. He also played a role in establishing Profit.ly as a place of transparency, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of educational tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have earned significant amounts of profit through their years of expertise. Michael G Scott Profitly
At its height, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus remain on the platform: Founder and penny stock trader 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 packages each guru offers.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services that focuses on penny stock day trading through 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 standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS as well as Android devices; 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. It costs $149.95 per month, this is the perfect plan for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features found in the previous plan, which includes alerts for swing trading and access to a library of more than 7,000 instructional videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Michael G Scott Profitly
The Superman Alerts plan is his package of vital features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist along with the mobile app, daily market updates in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge that is provided by Superman himself through the Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. On top of that you’ll also have an access to high-quality research papers as well as an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of tools to get you up and running. The platform has three membership tiers that are designed to accommodate traders with different levels. Let’s take a look at what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. Once you have signed to this plan you’ll be given a slew of robust and essential trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice program is the capability to check trades and track profits as well as leading, following, and even messaging your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get on leaderboards; analyze your trades, sort and filter your trades and, lastly, view other’s stats.
The Novice plan costs $29.95 per month. Although it might look appealing simply because of the price, there is a downside. You can’t create a private profile, thus making your personal information public. If you’re looking to get an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
The Trader package allows users to benefit from many of the features of the novice plan. It is in this plan that you can set up an account that is private for sharing with fellow associate users all the insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater for those looking to harness their skills in trading. Although it’s a nice thing, there is one significant element that’s missing. Unlike the previous Novice package, you won’t be able to view other traders’ stats, which could be a problem for those anticipating this level. Michael G Scott Profitly
This is by far the highest premium package that Profit.ly offers to experienced traders. With $74.95 each month and an additional 22% discount for annual billing the Pro plan has it all. You get full, no-holds-barred access to all the features from the two previous plans combined.
You’re not only able to look at other people’s statistics, but you’re also given the chance to create an individual profile. These two features are on top of all the advantages that you can utilize to their fullest capacity. If you’re in search of an account that will give all the features you need to be an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly offers a number of other services they offer. One of them is the online store, where customers can choose from a wide array of videos created to help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and footage of The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s range of features and services. You are probably familiar with the chat room as you can find it throughout social and messaging platforms as well as some specialty websites that offer live chat assistance. But on Profit.ly it’s seen as a place where gurus and their members can interact and learn in real time. Every guru has their own way in running their chat rooms and dealing with the listed members. One might be a laid-back person who is less engaged, while another could be more interactive and online in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock trader types, from novices to the most experienced. Given the wide range of options it has to offer this platform definitely has something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based materials available across the platform. In addition, they will be enriched with weekly videos and chat room tips from the in-house experts and their members. They’ll also be able choose from the items in its online store that they can take with them wherever they travel. You can also get hands-on experiences from trading within the platform, however, they will soon learn 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 see Profit.ly equally suitable to those who are just starting. While the newbies may not be as well-equipped with managing trading, the pros already understand the way it functions and the plethora of risks associated with it. Ideally, they may make use of Profit.ly’s range of features to their full advantage to develop their skills in trading. As beginners, they are able to study from the gurus and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the excitement! People in the trade industry who are at similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to guide them through the ever-illustrious trading process. Michael G Scott Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders across the globe with a wealth of education, 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 by using accurate data and fellow traders who are ready to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via images
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s abundance of products and packages offered might be too much for the majority of its customers
- If traders decide to make any type of trade, there is an opportunity that some them may take advantage by cherry-picking the best trades to boost their rating – this may be a concern that should not be simply overlooked
- Profit.ly does not offer refunds, as its premium users are expected to instantly benefit from the many services that the platform can provide
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The Final Concluding Question: 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 the platform should not be used as a get-rich-quick scheme. It wasn’t meant to be designed for this reason. Instead, you need to have curiosity. Michael G Scott Profitly
What we do mean”yes” is it can be a great learning tool. Those who may be stuck could discover Profit.ly’s range of resources useful in their efforts to avoid loss and perform better than before. Not only poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely want to become a better trader and want to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Michael G Scott Profitly
How can you make use of Profit.ly to publish your trades?
Profit.ly includes a trade entry portion under the “My Trade category on the dashboard that lets you record your trades, either verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s a high chance that it is verifiable. This is shown by the small blue check. If you post it in a manual way or by taking images, it will 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 show up on the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on 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 people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just seeking to make the most profit but also help each other learn and improve in acquiring opportunities in the stock market all over the world.