The stock market can be an extremely risky game. On certain days, you could have the benefit of pleasing and positive numbers. On other days, the opposite may happen, and it may sometimes be very difficult to get back to where you were your best. If you are constantly stuck in the gutter You will need be aware that relying solely on instinct and survival may not always be enough.
If you’ve experienced losses from time to time and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe. That’s why we’ve found an online platform that will help you in your improvement in the industry. We’ll take a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Palmer Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of all levels to be informed responsible, transparent, and uplifting with one another through its wide array of tools and features such as chat rooms, trade verification and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for those who are just beginning their journey as well as a place for traders with experience to keep track of their performance with the help of advanced analytics tools. Offering users a broad array of options to facilitate trade and communication, it helps traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas that the site. Consider it the social media equivalent the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the trades are authentic and won’t allow for fraud as much as possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never done before.” The concept Sykes said served two goals: 1.) keeping track of public data for everyone, not just the experts and newsletter writers and students as well as) giving anyone on the platform to gain insight into both losses and wins for the trading industry’s benefit. Palmer Profitly
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of tools and services that are geared towards achieving the success of their business. You can create an account there for free, but you’re only limited to having the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re ready to invest your money to see which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s offers, which we will go over shortly.
The process of opening an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you’ll have an opportunity to make your way to high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users an insight into how the community of traders performs and its gurus. It’s not only a chance to demonstrate that you’re worthy to the group of traders, as you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re confident of their knowledge and the veracity of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, you can opt to post your trades, verified or not, via photographs. Included in Profit.ly are the vast number of courses in trading and the capability to see the stats of a trader’s account as well as other ways to communicate with your gurus via chatrooms along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. The trading of penny stocks can be seen as a stepping stone for small companies to move to a market that is larger as it allows them to access funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes will be able to tell you through his many years of expertise.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, made over $6 million of profit during his long and successful career as trader. At 25 years old Tim Sykes had received greater exposure and an even wider impact when he was a part of the reality TV show “Wall Street Warriors.” He then used the opportunity to create trading rooms and penny stock themes and educational content geared toward those who are new to trading. He also played a role in establishing Profit.ly as a place of openness, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have made substantial profits through their years of knowledge. Palmer Profitly
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the trading industry. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, only two gurus remain on the platform: the 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, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. At $74.95 per month, you will see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS and Android devices; email, text and push alerts; and a daily stock watchlist.
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 for a month this is an ideal plan for those who are more involved in penny stock trading. Pennystocking Silver comes with all the standard features that were included in the previous plan, such as swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos that are updated each 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 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 all-time trading earnings. Palmer Profitly
The Superman Alerts package is his offer of the most essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile app, daily market commentary in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. On top of that, you’ll also get an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of tools to get you started. The platform offers three membership tiers, each designed for traders at different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. As you sign to this plan you’ll be given a slew of robust and essential trading tools, all of them integral in keeping your fingers on what call a competitive process by itself.
The list of features you can accomplish using Profit.ly’s Novice package include the capability to check trades and track profits; leading, following and even texting your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make; and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive for the price alone however, there’s a drawback. You aren’t able to create a personal account, making your actions public. 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.
Trader Plan
The Trader package lets you to use many of the features of the Novice plan. This plan allows that you can set up an account that is private for sharing with fellow associate users all your knowledge and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to harness their expertise in trading. While it’s nice, there is one significant aspect that’s not included. In contrast to the Novice package, you will not be able view other traders’ statistics this could be a disadvantage for some who may be looking forward to this tier. Palmer Profitly
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly offers to experienced traders. At $74.95 per month, and an additional 22% discount when billed annually the Pro plan has everything. You will have full, unrestricted access to all options of the prior plans.
You’re not only able to look at other people’s statistics, but you’re also given the chance to create a private profile. These two features are on top of all the benefits that you can use to the maximum extent. If you’re looking for a plan that can serve you everything you need as trader with experience, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly offers a number of additional services that it can offer. One of those is its online store, which allows users to choose from a wide array of instructional videos that are created to help you understand the ins and outs of trading. The products listed in this section of the website is available to be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other things trading-related, clips and clips taken from the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s variety of features and services. You may be familiar with chat rooms 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 place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members there. Some may be more laid back and not very often engaged, while another could be more active and in touch with their students. Think of chat rooms as Profit.ly’s version of the forum in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock traders, ranging from novices to experienced professionals. Considering the number of offers it can provide this platform definitely has something for every person.
Beginners, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. They will also get daily videos and chat room advice from its in-house gurus and their members. Additionally, they can choose from the items from its online store that they can take with them wherever they be. You can also get hands-on experience trading on the platform, but eventually they’ll be able to realize that this is a risky game that shouldn’t be taken as an amusing pastime.
For the traders with years of exposure down the road, we consider Profit.ly as equally as suitable for them as it is for people who are just beginning. While the newbies may not be as well-equipped with dealing with trading issues but the experts already know how it works along with the plethora of risks associated with it. Ideally, they may utilize Profit.ly’s variety of features to their best advantage to develop their trading skills. As beginners, they are able to study from the gurus and experts , and use those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the excitement! Those in the trading industry who are at similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders in order to navigate them through the ever-changing trading process. Palmer Profitly
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” platform for trading stocks allows traders from all over the world 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 video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost – there truly is something for every person
The Cons
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for most of its users
- As traders may opt 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 boost their rating – this may be a concern that should not be overlooked.
- Profit.ly will not allow refunds because the premium customers are expected to instantly benefit from the number of services that the platform can offer
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of the answer, it would be an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally designed to be used to achieve this goal. Instead, you need to have curiosity. Palmer Profitly
What we do mean”yes” is that it could be a useful learning tool. For those who are struggling, they may find Profit.ly’s array of resources to be helpful in their efforts to reduce losses and be more successful than they did before. It’s not just the struggling traders who will profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly want to become better at trading and wish to learn from your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Palmer Profitly
How can you make use of Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within the ‘My Trade’ category of the dashboard which allows you to post your trades, either verified or not. There are three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your trades
How do I know whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s an excellent 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 unauthentic trade is the possibility of receiving negative feedback from colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are seeking to make the most profit but also help each other learn and improve in acquiring opportunities on the stock market both right and left.
