Stock trading can be an exciting game with high stakes. Some days, you might be reaping the benefits of positive and satisfying numbers. However, on other days it could be the reverse and it can be extremely difficult to return to where you were your most productive. If you find yourself always in the mud, you will have to recognize that relying on pure instinct and preservation might not be enough.
If you’ve experienced loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe. That’s why we’ve discovered a platform that can support you in your growth in the industry. In this review, we’ll take the time to 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Mikehavrilla Profitly
The User’s Experience 4.5/5
Profit.ly offers an internet-based trading service that permits traders of different levels to be informed responsible, transparent, and encouraging each other by offering a wide array of tools and features including trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for traders new to trading as well as a place for experienced traders to track their performance through the use of advanced analytics tools. It provides users with a vast range of resources for communication and trade and letting traders from every field of business connect with one another. 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 professionals and traders.
Profit.ly independently verifies trade performances and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes publication, Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been prior to.” This idea Sykes said served two goals: 1.) creating public track records for not just the gurus as well as newsletter writers and students, and 2) allowing all users to learn from the losses and wins to benefit the industry of trading. Mikehavrilla Profitly
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of tools and services that are geared at achieving achievement. You may set up an account on the site at no cost, however you’re limited to access to the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s deals, which we will review in the coming days.
The process of opening an account is simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll have a chance to shoot your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users a glimpse of how the community of traders performs as well as its gurus. It’s not only a chance to demonstrate your worth to a group of traders, as you can also utilize Profit.ly to buy with a guru, and have the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the idea of sharing your brokerage account, you can decide to share your trades, verified or not, by taking pictures. Also included in Profit.ly is the huge selection of trading courses and the capability to see stats in a trader’s profile as well as other ways to connect with your gurus through the chatroom in addition to notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his efforts in trades in penny stocks. According to Investopedia, a penny stock is a small business’s shares that trade for under $5 for each share. The trading of penny stocks can be seen as an avenue for small companies to move to a market that is larger as it allows them to access money from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes is sure to reveal thanks to his years of experience.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, made more than $6 million in profits during his long and successful career as a trader. When he was 25 years old, he had been given greater exposure and a larger influence over time when he was a part of the reality TV show “Wall Street Warriors.” He then took advantage of it to create trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place of transparency, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have earned substantial profits through their years of expertise. Mikehavrilla Profitly
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, there are only two gurus who remain on this platform: 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 packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll observe him focus on basic stock catalysts and employ them to predict the next moves that could occur when trading.
A purchase on its own 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; texts, emails and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 per month, it is a great option for those who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in the previous plan, which includes swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Mikehavrilla Profitly
The Superman Alerts package is his offering of essential features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket along with the mobile application, daily market commentary shown in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base provided by Superman himself, via his Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of previous lessons. In addition you’ll also gain access to premium research reports as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to help you up and running. The platform has three membership tiers, each designed for traders at different levels. Let’s take a look at what these three levels are and what they will cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. As you sign up for this plan, you will be immediately given a slew of robust and vital trading tools, all of which is essential to keep your hands on what we call a competitive procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit and follow-up, leading and even chatting with other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze your trades, sort and filter your trades and, lastly, view other people’s statistics.
The Novice plan is $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. You can’t create a private profile, which makes your actions public. If you do want to gain access to this feature, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to take advantage of a majority of features from The Novice package. It is in this plan that you are able to create an individual profile that allows you to share with other associate users all your knowledge and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to improve their skills in trading. While it’s nice, there is one significant element that’s missing. As opposed to the prior Novice package, this one won’t be able view the statistics of other traders, which could be a disadvantage for those who are looking forward to this tier. Mikehavrilla Profitly
The Professional plan can be described as the most luxurious package Profit.ly offers to experienced traders. With $74.95 per month, which includes 22% off when billed annually This plan offers it all. You will have full, unrestricted access to all the features of the prior plans.
You’re not only able to see other users’ stats and data, but you also have the opportunity to create your own private 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 trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly offers a number of more services it has to offer. One of these is its online store, which lets users select from a variety of video products designed to inform and guide you through the ins and outs of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, as well as all aspects of trading. There are also clips and scenes of 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 range of features and services. You are probably familiar with the chat room since you can see it across messaging and social platforms, and also on a few specialty websites that offer live chat support. However, in Profit.ly it’s seen as a hands-on space where experts and their 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. Some may be laid back and not very often active, while another might be more active and in touch with their students. Think of the chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock traders, from novices to experienced professionals. With the variety of deals it can provide it is certain to have something for everyone.
For instance, newbies can take advantage of Profit.ly’s collection of educational information available on the platform. Not only will they be provided with videos every week and chat room advice by its internal gurus and their members. Additionally, they can pick from the merchandise available from its online store to carry with them wherever they be. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll realize that this is a high-stakes game that shouldn’t be taken as an amusing pastime.
For the traders with many years of experience down the line, we believe Profit.ly as equally as suitable to the newcomers. While novice traders may not be as adept at handling trading matters, the pros already understand the way it functions and the plethora of risks that come with it. It is ideal to make use of Profit.ly’s array of features to their full advantage to enhance their trading skills. Like beginners, they can learn from the top experts and experts , and use those quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Verified experts can also join in the fun! Trade professionals who are at the same level as Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to help guide them through the ever-illustrious trading process. Mikehavrilla Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You get to receive excellent training and advice from the company’s in-house gurus, including libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There’s something for all
- Profit.ly’s abundance of products and packages offered might be too much for a lot of its users
- If traders decide to post any kind of trade, there’s an opportunity that some them will profit by picking the most profitable trades to boost their rating this could be a risk that shouldn’t be ignored.
- 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 Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s a ‘yes’. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, you need to have curiosity. Mikehavrilla Profitly
What we mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck may be able to find Profit.ly’s range of resources helpful in their efforts to reduce losses and be more successful than before. Not only poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being better at trading and wish to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Mikehavrilla Profitly
What are the best ways to use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades under the My Trade’ category of the dashboard that lets you post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account to the broker of choice and import the trades from that directly
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there is the likelihood that it can be verified. This is shown by the blue check mark. If you post the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving downvotes from colleagues. Too many downvotes may cause you to show up in the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Is 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 on the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are looking to earn maximum profits but also help each other learn and improve in acquiring opportunities on the stock market left and right.