Stock trading is an exciting game with high stakes. On certain days, you might have the benefit of positive and satisfying numbers. On other days it could be the reverse and it could be very difficult to get back to the point you were at your best. If you find yourself immersed in the water You will need to realize that relying on instinct and survival is not always enough.
If you’ve experienced occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from colleagues in the market from all over the globe. That’s why we’ve identified an option that can help you in your improvement within the field. In this review, we’ll take a look at Profit.ly is a well-known 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 Peter Leeds Profitly
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informed and accountable, as well as transparent and to build relationships with each other by offering a wide variety of tools and features including trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for traders who are just beginning their journey as well as a place for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Offering users a broad range of resources to facilitate trade and communication and letting traders from all walks of life network with one another. It gives the gurus worthwhile investments within the confines of this platform. Consider it the social media equivalent like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been done before.” This idea was, he said, serving two goals: 1.) creating public track records for everyone, not just the experts, but also the newsletter authors and students as well as) giving all users to gain insight into both losses and wins to the benefit of the trading industry. Peter Leeds Profitly
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of features and services aimed toward success. It is possible to create an account for free, but you’re only limited to having the capability to browse the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time You’ll need to join one of Profit.ly’s offers, which we will discuss in the near future.
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 be given a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a glimpse of how the community of traders performs and its experts. It’s not just a way to prove value to a community of traders. You can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re confident with their expertise and the veracity of their assertions.
If you feel uneasy with the idea of divulging information about your account with a brokerage, you can opt to post your trades, verified or otherwise, through pictures. Also included in Profit.ly are a variety of trading classes and the capability to see stats in a trader’s profile as well as other ways to connect with your gurus via chatrooms in addition to 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 guru who is well-known for his involvement in the penny-stock market. According to Investopedia the term “penny stock” is a small business’s shares that trade for less than $5 per share. The trading of penny stocks is an avenue for small businesses to transition to a large marketplace as it allows them to access capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as trading professional. At the age of 25 Tim Sykes had received greater exposure and a larger impact when he was a part of the reality show “Wall Street Warriors.” He used the opportunity to develop trading rooms and penny stock themes and educational material aimed at those who are new to trading. He also played a role in establishing Profit.ly as a place for transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational tools, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to the trading experts who have made significant amounts of profit from their collective years of expertise. Peter Leeds Profitly
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the field of trading. Some of the prominent gurus 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: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll observe him focus on fundamental stock catalysts and use them to predict the next move that is possible when trading.
A purchase on its own of 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 texts, emails and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts package. At $149.95 for a month it is the perfect plan for those who are more committed to penny stock trading. Pennystocking Silver includes all the basic features found in earlier plans such as alerts for swing trading and access to a library of over 7,000 educational videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading profits. Peter Leeds Profitly
The Superman Alerts plan is his package of vital features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist as well as the mobile app, the 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 an extensive base of knowledge provided by Superman himself through his Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. On top of that you’ll also have the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager 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 up and running. The platform offers three membership levels, each designed for traders with different levels. Let’s break down what these three are and how much they’ll cost you.
This package for novices 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 provided with a variety of powerful and vital trading tools, each of which is essential to keep your fingers on what we call a competitive process in and of itself.
The list of features you can accomplish with Profit.ly’s Novice package include the ability to verify trades and track profits; leading, following and even chatting with your fellow traders; and giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study your trades, sort or filter the trades you make; and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re interested in get an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from The Novice package. In this plan, that you can create an individual profile that allows you to share with fellow associate users all your knowledge and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to improve their trading skills. Although it’s a nice thing however, there’s a crucial element that’s missing. Unlike the previous Novice package, you won’t be able to see the statistics of other traders, which could be a problem for those anticipating this level. Peter Leeds Profitly
This is by far the highest premium package that Profit.ly offers to experienced traders. With $74.95 per month, and a 22% discount when billed annually This plan offers it all. You get full, no-holds-barred access to all the features of the previous plans combined.
In addition, you’ll be able to view other people’s stats and data, but you also have the option of creating an individual profile. These two features are plus the other advantages that you can utilize to their fullest capacity. If you’re looking for an account that will give all the features you need to be trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly offers a number of other services they offer. One of those is its online store, which lets users pick from a range of instructional videos that are designed to inform and provide guidance on the ins and outs of trading. All of the products featured on this page of the site can be bought immediately for your personal use. Among these products include best-sellers like”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, as well as all related to trading, videos and clips from The Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You’re probably familiar with the concept of chat rooms since you can see it across social and messaging platforms, as well as some specialty websites that offer live chat assistance. However, in Profit.ly, it is seen as a space where experts and their members trade and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members. One of them may be a laid-back person who is rarely active, while another might be more online and communicative with their students. Think of chat rooms as Profit.ly’s version of the forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock traders, ranging from novices to the most experienced. With the variety of deals it offers it is certain to have something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based materials available across the platform. They will also be provided with videos every week and chat room advice from its in-house gurus and their members. They’ll also be able pick from the merchandise available from its online store for them to take wherever they may travel. They can also gain hands-on experiences from trading within the platform, however they’ll realize that the process is a risky game that should not be viewed as an opportunity to make fun of.
For those traders who have had years of exposure down the line, we see Profit.ly equally suitable to them as people who are just beginning. While novice traders may not be as proficient in managing trading however, experienced traders know the way it functions and the risky mix that it carries. Ideally, they may utilize Profit.ly’s range of options to their maximum advantage to improve their skills in trading. Like novices, they can 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 and semi-experienced traders. Verified experts can also join in the excitement! People in the trade industry who are on similar levels to Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others as a way to navigate them through the ever-changing trading process. Peter Leeds Profitly
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You’ll receive excellent training and insights from its inside experts, as well as collections of educational videos as well as live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and dependable trader
- In addition to its primary features, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices – there truly is something for everyone
- Profit.ly’s abundance 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 a possibility that some of them may take advantage by picking the most profitable trades to increase the rating This could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds, as the premium customers are expected to instantly benefit from the many services that the platform can offer
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The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, it would be an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always designed to be used to achieve this goal. Instead, it is best to keep an open mind. Peter Leeds Profitly
What we mean”yes” is it is a fantastic learning tool. People who are stuck may discover Profit.ly’s array of resources to be helpful in their efforts to reduce loss and perform better than they did before. Not only poor traders that can profit from the platform. It is able to accommodate novices and even experts!
If you really desire to be a better trader and want to be taught by your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Peter Leeds Profitly
How do you use Profit.ly to post your trades?
Profit.ly has a trade entry portion within the “My Trade section of the dashboard which allows you to post your trades, verifiable or otherwise. There are three options:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your trades
How do I know if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the blue check mark. If you post it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving downvotes from fellow peers. Too many downvotes may cause you to be listed on the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Is 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 most functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.