The stock market can be a high-stakes game. Some days, you might enjoy the benefits of positive and satisfying numbers. On other days, the opposite may happen and it can be very difficult to get back to the point you were at your peak. If you find yourself constantly stuck in the gutter it is important be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve been incurring losses from time to time You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the world, which is why we’ve found a platform that can support you in your growth in the industry. In this review, we’ll take an in-depth look at Profit.ly A well-respected 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Ning Liu Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of all levels to be knowledgeable responsible, transparent, and to build relationships with each other through its broad array of tools and features including trade verification, chat rooms and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and education platform for those who are starting out as well as a place for traders with experience to keep track of their performance using the aid of advanced analytics tools. Offering users a broad variety of tools for trade and communication, it helps traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines of this platform. Imagine it as an online social media platform similar like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an appearance in Forbes publication, Sykes said that Profit.ly was based “on the transparency of all trades, something that was never prior to.” The concept Sykes said served two goals: 1.) keeping track of public data for all traders, not just the gurus as well as students and newsletter writers, and 2) making it possible for anyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Ning Liu Profitly
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of services and features geared towards achieving success. It is possible to create an account on the site at no cost, however you’re only given the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re ready 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 offers that we’ll go over shortly.
The process of opening an account is simple: Create a profile with your experiences and skills, join your brokerage account, and you’ll have a chance to shoot through the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a look at their performance as a trading group as well as its experts. It’s not only a chance to demonstrate your worth to a group of traders, as you can also use Profit.ly to shop from a guru with the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, then you could opt to post your trades, whether verified or not, via screenshots. Also included in Profit.ly is the huge selection of trading courses as well as the ability to look at stats in a trader’s profile and other methods to connect with your gurus in the chatroom, along with email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into the penny-stock market. According to Investopedia, a penny stock refers to a small company’s stock which trades at under $5 for each share. The penny stock market can be seen as an avenue for small businesses to transition to a large marketplace as it allows them to access money from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
Beginning at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as trading professional. When he was 25 years old Sykes was given greater exposure and an even wider reach of influence as a participant in the reality series “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms, penny stock themes, and educational material aimed 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 with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of education resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have proven to make significant amounts of profit from their collective years of knowledge. Ning Liu Profitly
At its height, Profit.ly had housed up to five gurus, each of them an expert in their field of expertise in the trading industry. Some of the most famous experts were 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: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll observe him focus on fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS as well as Android devices, as well as text, e-mail and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. At $149.95 monthly, this is the perfect plan for those who are more invested in penny stock trading. Pennystocking Silver includes all the basic features found in earlier plans which includes swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under 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 total trading profits. Ning Liu Profitly
The Superman Alerts package is his offering of essential features and trading alerts geared to those interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket and the mobile app, daily market commentary in real time, and SMS and e-mail 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 through his Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. Additionally you’ll also gain the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. Once you have signed to this plan you’ll be given a slew of robust and vital trading tools, each of which is essential to keep your hands on what we could call a ruthless procedure in its own.
The list of features 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 chatting with your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study 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 however, there’s a drawback. You can’t create a private account, making your activities publicly available. If you’re looking to have access to this feature, you should keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to use many of the features of The Novice package. It is in this plan that you are able to create a private profile for sharing with fellow associate users all the insights and intel in this trading group.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to develop their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. Unlike the previous Novice package, you will not be able to see other traders’ stats, which might be a drawback for those anticipating this level. Ning Liu Profitly
Pro Plan
This is by far the most premium package that Profit.ly offers to experienced traders. With $74.95 monthly, and a 22% discount for billing annually the Pro plan has it all. It gives you full, unlimited access to all features from the two previous plans.
Not only do you get to see other users’ stats and data, but you also have the opportunity to create a private profile. Both of these features, plus the other advantages that you can utilize to their fullest capacity. If you’re in search of an account that will give you with everything you require as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly provides a variety of other services they provide. One of those is its online store, where customers can select from a variety of videos created to help you understand the ins and outs of trading. Each of the offerings listed in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other things trading-related, clips and clips of The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of features and services. You’re probably familiar with chat rooms since you will see it on messaging and social platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a hands-on space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style in operating their chat room and in dealing with the members. Some may be more laid back and not very often active, while another may be more online and communicative to their pupils. Think of chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock traders, from beginners to experienced pros. With the variety of deals it can provide, the platform surely has something for all.
For instance, newbies will enjoy Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will be provided with videos every week and chat room advice from the in-house experts and members. Additionally, they can select from the products in its online store to carry with them wherever they travel. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that this is a high-stakes game that should not be viewed as an opportunity to make fun of.
For traders who have many years of experience down the line, we believe Profit.ly as equally as suitable to those who are just starting. While novice traders may not be as adept at managing trading, the pros already understand how it works and the plethora of risks that it carries. In the ideal scenario, they can utilize Profit.ly’s variety of features to their full advantage to improve their trading abilities. Like beginners, they can learn from the experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to help assist them in the ever-changing trading process. Ning Liu Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with a wealth of education communications, trading, and communication tools
- You will be provided with excellent lessons and tips from the in-house gurus, including collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow 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 capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There’s something for everyone
The Cons
- Profit.ly’s abundance of products and packages offered might seem overwhelming for a lot of its customers
- Since traders can choose to open any kind of trade, there’s an opportunity that some them may take advantage by picking the most profitable trades to increase the rating this could be a concern that should not be ignored.
- Profit.ly will not allow refunds as the premium customers are expected to immediately benefit from the number of features the platform is able to provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t intended to be created to achieve this goal. Instead, you need to have an open mind. Ning Liu Profitly
What we do mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they might be able to find Profit.ly’s range of resources useful in their efforts to incur lesser losses and perform better than they did before. It’s not just the struggling traders who will benefit from this platform. It can accommodate beginners and even experts!
If you really desire to be a better trader and want to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly is a fantastic option to begin.
FAQ Ning Liu Profitly
How can you make use of Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries within the ‘My Trade section of the dashboard. It allows you to post your trades, verifiable or not. You may choose between three choices:
- Linking your account with your broker of choice and import the trades from that directly
- Manually entering your trades into the spaces provided and details
- Take a photo of your transactions
How do I know whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there’s the likelihood that it can be verified. This is evident by the small blue check. If you upload the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unverified trade is the possibility of receiving downvotes from colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are seeking to make the most profit but also to help one another grow and learn more about acquiring opportunities in the stock market all over the world.
