The stock market can be a high-stakes game. On some days, you may have the benefit of pleasing and positive numbers. On other days you may experience the opposite and it could be extremely difficult to return to where you were your best. If you’re always in the mud it is important to realize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced occasional losses and you’re likely to require reliable advice from tested and tried trading experts. You’re also gonna need a significant boost from your trading partners from all over the globe, which is why we’ve identified a platform that can support you to improve your performance in the market. We’ll 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.
Overall Rating: 4.1/5 Nikhil Thampy Profitly
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informed, transparent, accountable, and encouraging each other through its broad variety of tools and features including chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for people who are starting out and also as a platform for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Providing users with a wide array of options to facilitate trade and communication and letting traders from every field of business connect with one another. It offers gurus with worthy investments within the boundaries of this platform. Consider it a social media site akin the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The trading platform is built on transparency and honesty: it ensures that the transactions are legitimate and will not tolerate inauthenticity as much as possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that has never been previously done.” This idea was, he said, serving two goals: 1.) making public records for not just the gurus as well as newsletter authors and students, and 2) making it possible for everyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Nikhil Thampy Profitly
How Does It How Does It
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of services and features geared towards achieving the success of their business. You may set up an account for free, but you’re limited to access to the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real time it is necessary to join one of Profit.ly’s deals that we’ll go over shortly.
Setting up an account is simple: Create an account that includes your personal information and knowledge, then connect your brokerage account, and you’ll be given a chance to shoot your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users an insight into their performance as a trading group as well as its gurus. You’re not just allowed to demonstrate your worth to a group of traders, as you are also able to use Profit.ly to buy with a guru, and have the confidence that you are confident of their knowledge and the credibility of their assertions.
If you are unsure about the idea of sharing information about your account with a brokerage, you can choose to publish your trades, verified or not, by taking pictures. In Profit.ly are a variety of courses in trading and the capability to see stats in a trader’s profile and other methods 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 the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for less than $5 per share. Penny stock trading can be seen as a stepping stone for small companies to move into a larger market because it gives them access to money from the 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 in his late years in the high schools, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as a trader. At 25 years old Sykes was given more exposure and a wider influence over time as a participant in the reality TV show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to trading. He also helped to establish Profit.ly as a platform for transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning tools, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have proven to make substantial amounts of money through their years of experience. Nikhil Thampy Profitly
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their niche in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of 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. When we take that into account we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS and 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 premium, upgraded version of the Tim’s Alerts program. It costs $149.95 per month, this is a great option for those who are more invested in penny stock trading. Pennystocking Silver offers all the essential features that were included in the previous plan, 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 by the name “Superman,” is a trader who has an eye for both 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 trading profits. Nikhil Thampy Profitly
The Superman Alerts plan is an offering of essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access daily premarket stock watchlist and the mobile app, the daily market updates in real-time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base of information provided by Superman himself via the Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. In addition you’ll also gain the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership levels that cater to traders of different levels. Let’s take a look at what these three tiers are and how much they’ll cost you.
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. Once you have signed to this plan you’ll be offered a range of strong and indispensable trading tools, all one of them essential in keeping your fingers on what can describe as a cutthroat process by itself.
Some of the features you can do with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit and follow-up, leading and even texting other traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze your trades, sort as well as filter trades and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. It isn’t possible to create a private profile, which makes your actions public. If you do want to get access to this feature, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader package lets users to benefit from many of the features of The Novice package. In this plan, that you can create an account that is private to share with fellow associates all your insights and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters to those who desire to improve their trading skills. While it’s nice however, there’s a crucial aspect that’s not included. In contrast to the Novice package, this one won’t be able to see other traders’ stats that might be a drawback for some who may be anticipating this level. Nikhil Thampy Profitly
The Professional plan can be described as the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 monthly, with a 22% discount for billing annually, this tier has it all. You will have full, unrestricted access to all options of the previous plans combined.
Not only do you get to look at other people’s statistics as well, you’re also offered the chance to create your own private profile. These two features are in addition to the advantages that you can utilize to their fullest capacity. If you’re in search of an account that will give you everything you need as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leadersboards Profit.ly has a few other services they provide. One of them is the online store, which allows users to pick from a range of videos that are designed to educate and help you understand the ins and outs of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and footage of events like 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 features and services. You may be familiar with the concept of the chat room since you will see it on messaging and social platforms, and also on a few specialty websites that provide live chat assistance. But in Profit.ly, it is seen as a hands-on place where gurus and their member traders can communicate and learn in real time. Every guru has their own style in running their chat rooms and dealing with the members. One might be a laid-back person who is less active, while another might be more online and communicative with their students. Think of chat rooms like Profit.ly’s version of a forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock traders, from novices to experienced professionals. Given the wide range of options it offers this platform definitely has something for every person.
For instance, newbies can take advantage of Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be provided with videos every week and chat room tips by its internal gurus as well as their members. They’ll also be able to select from the products on its store online that they can take with them wherever they be. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll realize that this is a risky game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we see Profit.ly as equally as suitable for them as it is for those who are just starting. Although the novices might not be as proficient in dealing with trading issues, the pros already understand how it works along with the plethora of risks associated with it. Ideally, they may utilize Profit.ly’s array of options to their maximum advantage to improve their trading abilities. Like beginners, they can study from the gurus as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the excitement! Trade professionals who are at an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to navigate them through the ever-changing trading process. Nikhil Thampy Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You’ll receive excellent training and tips from the in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data and fellow traders who are ready to reach you out if something occurs.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at affordable rates – there truly is something for everyone
- Profit.ly’s abundance of packages and products offered may seem overwhelming for a lot of its users
- If traders decide to open any kind of trade, there’s a possibility that some of them may take advantage by selecting the best trades in order to improve their ratings This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because its premium users are expected to immediately take advantage of the numerous services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it’s an affirmative “yes”. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t meant to be designed to achieve this goal. Instead, it is best to keep curiosity. Nikhil Thampy Profitly
What we do mean”yes” is it could be a useful learning tool. People who are stuck could discover Profit.ly’s variety of resources useful in their efforts to reduce losses and be more successful than they did before. It’s not only the poor traders that can benefit from this platform. It can accommodate beginners and even experts in the field!
If you truly care about being more successful in trading and would like to be taught by your peers and experts on the way, look no further – Profit.ly may be a great choice to start.
FAQ Nikhil Thampy Profitly
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers an entry section for trades in the ‘My Trade category on the dashboard which lets you post your trades that are verified or otherwise. There are three choices:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your trades
How can I tell if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there’s a high probability that it’s verifiable. This is indicated with the small blue check. If you upload it in a manual way or by taking screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, which is where the public can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the App Store for Apple and 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 traders and investors, as they not only are trying to maximize profits but also help each other learn and improve in acquiring stock market opportunities left and right.