Stock trading can be an extremely risky game. On certain days, you could enjoy the benefits of positive and satisfactory numbers. On other days, however it could be the reverse and it could be extremely difficult to get back to where you were your peak. If you are immersed in the water, you will have be aware that relying solely on your instincts and preserving may not always be enough.
If you’ve been incurring loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from trading partners from all over the globe, which is why we’ve found an option that can help you in your improvement in the industry. This review will take an in-depth look at Profit.ly, a well-recognized single-stop social platform to trade!
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 Pie Profitly
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
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 uplifting with each other by offering a wide range of features and tools like trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for people who are starting out as well as a place for experienced traders to track their performance through the use of advanced analytics tools. Providing users with a wide variety of tools to facilitate trade and communication, it helps traders from all walks of life network with one another. It gives the gurus worthy investments within the boundaries that the site. Consider it a social media site akin to Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the transactions are legitimate and will not accept fake news as long as possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other 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 the entire spectrum of trades, something which has never been done before.” This idea, he added, served two objectives: one) keeping track of public data for not just the gurus and newsletter writers and students, and 2) giving anyone on the platform to learn from the losses and wins to the benefit of the trading industry. Pie Profitly
How Does It Perform?
Profit.ly follows a subscription-based model that lets stock traders gain access to a multitude of services and features geared towards achieving the success of their business. You may set up an account there at no cost, however you’re limited to the ability to navigate through the leaderboard and observe 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 will need to subscribe to any of Profit.ly’s offers that we’ll discuss in the near future.
The process of opening an account is easy: create a profile with your experiences and skills, join to your brokerage account, and you’ll have an opportunity to make your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users a look at how the community of traders performs as well as its gurus. It’s not just a way to prove your worth to a group of traders. You are also able to use Profit.ly to buy from a guru with the confidence that you are confident in their skills and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, you can choose to publish your trades, either verified or not, via pictures. In Profit.ly is the huge selection of courses in trading as well as the ability to look at statistics on a person’s profile and other methods to connect with your gurus via chatrooms in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for delving his hands into the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock which trades at less than $5 per share. The trading of penny stocks can be seen as an avenue for small businesses to transition to a large marketplace as it gives them access to money from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
Beginning in his late years in High School, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as a trader. At the age of 25 Sykes was given more exposure and a wider influence over time as a participant in the reality TV show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about 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 on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education sources, trade alerts as well as other useful information provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have made substantial amounts of money from their collective years of experience. Pie Profitly
At its peak, Profit.ly had housed up to five gurus, all 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. As of this writing, there are only two gurus who remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll be able to observe him focus on fundamental stock catalysts and use them to anticipate the next move that is possible when making trades.
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; 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, with an upgraded version of Tim’s Alerts package. It costs $149.95 monthly, it is a great option for those who are more involved in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in the previous plan, which includes swing trading alerts and 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 professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Pie Profitly
The Superman Alerts plan is his package of vital features and trading alerts geared towards those who might be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket as well as the mobile app, daily market commentary in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge of information provided by Superman himself, via the Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you daily video lessons, which include a growing library of all the previous ones. On top of that you’ll also gain the ability to access premium reports on research as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to get you up and running. The platform has three membership tiers that cater to traders of different levels. Let’s break down what these three levels are and what they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. Once you have signed up for this package you’ll be given a slew of robust and vital trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat process by itself.
Among the list of things you can do using Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You can also get onto leaderboards; study the results of your analysis, sort, and filter your trades; and, lastly, view the statistics of other traders.
The Novice plan is $29.95 per monthly payment. While it may look attractive simply because of the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re interested in get access to this feature, be watching for us to introduce to you Profit.ly’s next plan.
Trader Plan
The Trader plan allows you to use many of the features of The Novice package. In this plan, that you are able to create an account that is private to share with other associate users all the insights and intel in trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to improve their trading skills. Although it’s a nice thing but there’s one important feature that is missing. In contrast to the Novice package, this one won’t be able view the statistics of other traders that might be a drawback for those looking forward to this tier. Pie Profitly
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 each month which includes 22% off for billing annually the Pro plan has it all. You get full, no-holds-barred access to all the features from the two previous plans combined.
Not only do you get to view other people’s stats and data, but you also have the chance to create your own private profile. These two features are plus the other benefits that you can use to the maximum extent. 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 the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly provides a variety of more services it has to offer. One of them is the online store, which allows users to select from a variety of video products designed to inform and guide you through the ins and outs of trading. The products listed on this page of the website can be immediately purchased for 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 on short stocking, penny stocking, and other aspects of trading. There are also clips and clips from the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s range of services and features. You are probably familiar with the chat room since you will see it on social and messaging platforms, as well as some specialty websites that offer live chat assistance. But on Profit.ly, it is seen as a real-time place where gurus and their members trade and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members. Some may be more laid back and less engaged, while another could be more active and in touch in their interactions with students. Think of chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock trader types, from beginners to experienced pros. Given the wide range of options it can provide it is certain to have something for all.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. They will also get daily videos and chat room advice from its in-house gurus and their members. Additionally, they can select from the products on its store online 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 high-stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had years of exposure down the line, we believe Profit.ly as equally as suitable to those who are just starting. Although the novices might not be as adept at handling trading matters, the pros already understand the way it functions and the stack full of risks associated with it. Ideally, they may make use of Profit.ly’s variety of options to their maximum advantage to improve their trading skills. Like novices, they can learn from the experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! People in the trade industry who are at the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to help guide them through the ever-illustrious trading process. Pie Profitly
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with a wealth of education communications, trading, and communication tools
- You will receive excellent training and tips from the inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as other traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There’s something for all
The Cons
- Profit.ly’s abundance of packages and products offered may be too much for the majority of its customers
- As traders may opt to make any type of trade, there’s a possibility that some of them could profit from cherry-picking the best trades to improve their ratings This could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds, as its premium users will immediately benefit from the number of services the platform has to provide
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The Final Concluding Question is: Is Profit.ly worth it?
If we could come up with an answer to this question, it’s a ‘yes’. But it is important to realize that the platform should not be used as a get-rich-quick scheme. The platform wasn’t originally intended to be created for this reason. Instead, you need to have the ability to think with an open heart. Pie Profitly
What we are referring to”yes” is that it is a fantastic learning tool. Those who may be stuck could find Profit.ly’s range of resources useful when they try their best to avoid losses and perform better than before. It’s not only the struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you really desire to be better at trading and wish to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Pie Profitly
How do you use Profit.ly to post your trades?
Profit.ly includes a trade entry portion under the ‘My Trade category on the dashboard. It lets you record your trades that are verified or not. You may choose between three options:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there’s a high likelihood that it can be verified. This is evident by the blue check mark. If you submit it manually or through images, it will be assigned as unverified.
The downside of having an unverified trade is the possibility of receiving downvotes from colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where users can see who’s untruthful in submitting trades.
Is the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of opportunities in the stock market all over the world.
