The stock market can be a high-stakes game. On some days, you might have the benefit of positive and satisfactory numbers. On other days, however you may experience the opposite, and it may sometimes be extremely difficult to get back to the point you were at your peak. If you’re constantly stuck in the gutter it is important to realize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the globe, which is why we’ve discovered an option that can help you in your growth within the field. We’ll take the time to look at Profit.ly, a well-recognized 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.
Overall Rating: 4.1/5 Nikorocco Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of various levels to be informative responsible, transparent, and uplifting with one another through its wide array of tools and features including chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for traders who are starting out and as a hub for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. Providing users with a wide variety of tools for communication and trade that help traders from all walks of life connect with one another. It offers gurus with worthwhile investments within the confines of this platform. Think of it as a social media site akin to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was established in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes stated that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been prior to.” The concept, he added, served two purposes: 1) keeping track of public data for everyone, not just the experts, but also the students and newsletter writers as well as) giving everyone on the platform to learn from the losses and wins to the benefit of the trading industry. Nikorocco Profitly
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of features and services aimed toward success. You can create an account on the site at no cost, however you’re limited to access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offerings, which we will go over shortly.
Making an account simple: Create an account with your experience and skills, join your brokerage account, and you’ll have a chance to shoot through at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a look at their performance as a trading group as well as its experts. You’re not just allowed to show value to a group of traders. You can also utilize Profit.ly to purchase with a guru, and have the confidence that you are confident with their expertise and the veracity of their claims.
If you are unsure about the concept of leaking information about your account with a brokerage, you can opt to post your trades, either verified or otherwise, through screenshots. In Profit.ly is the huge selection of trading courses, the ability to view the stats of a trader’s account, and more ways to interact with your experts 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 trading personality who is famously known for his involvement in the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock that trades for less than $5 per share. Penny stock trading can be seen as an opportunity for small companies to move to a market that is larger as they can access capital from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes will be able to tell you through his many years of experience.
Since his initial 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, he had been given more exposure and a wider impact as a participant in the reality show “Wall Street Warriors.” He took advantage of it to develop trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also helped to establish Profit.ly as a place of openness, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have earned substantial profits from their collective years of experience. Nikorocco Profitly
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their field of expertise in the field of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of 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. With that taken into consideration, let’s take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you will see him focus on the fundamental catalysts for stocks and utilize 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 application that is available to iOS as well as Android devices, as well as texts, emails, and push alerts; and a daily stock watchlist.
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 for a month it is a great option for those who are more involved in penny stock trading. Pennystocking Silver comes with all the standard features that were included in earlier plans including alerts for swing trading and access to a library of more than 7,000 instructional videos, with new ones released each week.
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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 tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Nikorocco Profitly
The Superman Alerts package is his offering of essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access daily premarket stock watchlist along with the mobile app, the daily market commentary in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to a knowledgeable base of information provided by Superman himself through his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. Additionally you’ll also have an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of tools to get you up and running. The platform offers three membership tiers that cater to traders of different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. When you sign up for this plan you’ll be provided with a variety of powerful and vital trading tools, each of which is essential to keep your fingers on what can describe as a cutthroat process by itself.
Some of the features you can do with Profit.ly’s Novice package include the capability to check the results of your trades and track profit and follow-up, leading and even chatting with other traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study, sort, and filter your trades and lastly, look at other people’s statistics.
The Novice plan is $29.95 per monthly payment. While it may look attractive simply because of the price, there is a downside. You can’t create a private account, making your personal information public. If you’re interested in have the benefit of this service, be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package lets users to benefit from a majority of features from the Novice plan. It is in this plan that you are able to create an individual profile that allows you to share with other associate users all the insights and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to develop their trading skills. While it’s nice but there’s one important feature that is missing. As opposed to the prior Novice package, you will not be able view other traders’ statistics this could be a disadvantage for those who are anticipating this level. Nikorocco Profitly
Pro Plan
This is by far the highest premium package that Profit.ly offers to experienced traders. It costs $74.95 each month and a 22% discount for billing annually the Pro plan has it all. It gives you full, unlimited access to all options of the prior plans.
Not only do you get to see other users’ stats and data, but you also have the opportunity to create your own private profile. Both of these features, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re in search of a plan that can serve all the features you need to be a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly has a few other services they provide. One of them is the online store, where customers can pick from a range of instructional videos that are created to provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the website is available to be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other things trading-related, clips and clips from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s range of services and features. You may be familiar with the chat room since you can see it across messaging and social platforms, and also on a few specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a place where gurus and their members trade and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the listed members there. One of them may be more laid back and rarely active, while another might be more online and communicative to their pupils. Consider chatrooms as Profit.ly’s version of the forum in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, ranging from novices to the most experienced. Considering the number of offers it can provide this platform definitely has something for every person.
Beginners, for instance, will enjoy Profit.ly’s library of learning content offered throughout the platform. They will also be provided with videos every week and chat room advice by its internal gurus as well as their members. Additionally, they can pick from the merchandise available in its online store that they can take with them wherever they travel. They can also gain hands-on experiences by trading through the platform, but eventually they’ll realize that the process is a high stakes game that should not be viewed as a joke.
For traders who have many years of experience down the road, we consider Profit.ly equally suitable to the newcomers. Although the novices might not be as well-equipped with handling trading matters but the experts already know the way it functions and the risky mix associated with it. It is ideal to make use of Profit.ly’s array of features to their full advantage to develop their trading abilities. Like beginners, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the fun! Trade professionals who are on the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to help navigate them through the ever-changing trading process. Nikorocco Profitly
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders from all over the world with tons of learning, communication, and trading tools
- You get to receive excellent training and tips from the internal experts, which include libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost – there truly is something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and services offered could be too much for the majority of its customers
- If traders decide to make any type of trade, there is the possibility that some of them may take advantage by selecting the best trades in order to improve their ratings – 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 features the platform is able to offer
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The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally designed to be used to achieve this goal. Instead, it is best to keep an open mind. Nikorocco Profitly
What we are referring to by ‘yes’ is that it can be a great learning tool. Those who may be stuck could find Profit.ly’s variety of resources helpful as they do their best to avoid losses and be more successful than before. It’s not just the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being better at trading and wish to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Nikorocco Profitly
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes an entry section for trades under the My Trade section of the dashboard which lets you post your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there’s an excellent chance that it is verifiable. This is indicated with the blue check mark. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The disadvantage of an unauthentic trade is the risk of receiving downvotes from colleagues. A large number of downvotes could cause you to be listed in the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of stock market opportunities all over the world.
