Stock trading can be a high-stakes game. Some days, you may be reaping the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it can be very difficult to get back to where you were at your most productive. If you are immersed in the water, you will have to realize that relying on pure instinct and preservation may not always be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the world, which is why we’ve identified an online platform that will help you in your growth within the field. In this review, we’ll take the time to look at Profit.ly A well-respected 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 Polisb 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 permits traders of different levels to be informative, transparent, accountable, and to build relationships with each other by offering a wide variety of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for people new to trading and as a hub for traders who are experienced to monitor their performance through the use of advanced analytics tools. Providing users with a wide range of resources for trade and communication, it helps traders from every field of business connect with each other. 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 experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it ensures that the trades are valid and won’t accept fake news as long as it is possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been prior to.” The concept, he added, served two goals: 1.) keeping track of public data for everyone, not just the experts and newsletter authors and students as well as) giving everyone on the platform to learn from both the wins and losses to benefit the industry of trading. Polisb Profitly
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of tools and services that are geared at achieving the success of their business. You can create an account on the site at no cost, however you’re only given the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s deals that we’ll review in the coming days.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect your brokerage account, and you’ll have a chance to shoot your way up to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users a look at the performance of the trading community and its gurus. You’re not just allowed to demonstrate that you’re worthy to the community of traders, but you can also use Profit.ly to shop from a guru with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can decide to share your trades, whether verified or not, via screenshots. Also included in Profit.ly are a variety of trading classes and the capability to see statistics on a person’s profile and other methods to connect with your gurus via chatrooms as well as notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for delving his hands into the penny-stock market. According to Investopedia the term “penny stock” is a small business’s stock that trades for under $5 for each share. The penny stock market can be seen as an avenue for small-scale businesses to make the transition into a larger market because it allows them to access funds from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes will be able to tell you thanks to his years of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, made over $6 million of profits during his long and successful career as a trader. At 25 years old Tim Sykes had received more exposure and a wider reach of influence as a participant in the reality series “Wall Street Warriors.” He used the opportunity to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are new to the trading field. He also played a role in establishing Profit.ly as a place for openness, and to allow the community to rise and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have proven to make significant amounts of profit from their combined years of expertise. Polisb Profitly
At its peak, Profit.ly had housed up to five gurus, all of them a pro within their particular field in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on the 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 packaged offers each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you’ll be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next moves that could occur when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS as well as Android devices, texts, emails and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. At $149.95 for a month this is the perfect plan for those who are more involved in the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, which includes swing trading alerts and unlimited access to a rich library of over 7,000 educational videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Polisb Profitly
The Superman Alerts package is his offering of essential features and alerts on trading geared toward those who may be 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, as well as SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base of information provided by Superman himself via the Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. On top of that you’ll also have access to premium research reports and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and make a mark on the industry, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership tiers that cater to traders of different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading community. As you sign to this plan, you will be immediately given a slew of robust and vital trading tools, all of which is essential to keep 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 and follow-up, leading, and even messaging your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze the results of your analysis, sort, and filter your trades and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing for the price alone however, there’s a drawback. You can’t create a private account, making your activities publicly available. If you’re looking to have an account with this option, stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader plan allows users to benefit from a majority of features from The Novice package. It is in this plan that you are able to create an account that is private for sharing with fellow associate users all your knowledge and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to develop their trading skills. While it’s nice however, there’s a crucial feature that is missing. In contrast to the Novice package, you will not be able to view other traders’ statistics, which could be a disadvantage for those who are looking forward to this tier. Polisb Profitly
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly can offer to experienced traders. With $74.95 each month and an additional 22% discount when billed annually, this tier has it all. You will have full, unrestricted access to all the features of the previous plans combined.
You’re not only able to view other people’s stats as well, you’re also offered 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 the maximum extent. If you’re looking for an account that will give you everything you need as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly provides a variety of additional services that it can provide. One of them is the online store, where customers can select from a variety of videos designed to inform and guide you through the nuances and pitfalls of trading. The products listed in this section of the site can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other things trading-related, clips and footage taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s array of services and features. You may be familiar with the concept of chat rooms since you can find it throughout messaging and social platforms, in addition to a few special websites that offer live chat support. However, in Profit.ly it’s seen as a area where experts and members trade and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members there. Some may be a laid-back person who is less engaged, while another could be more interactive and online to their pupils. Consider chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, ranging from novices to experienced professionals. Given the wide range of options it offers, the platform surely has something for everyone.
Beginners, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. They will also be enriched with weekly videos and chat room tips by its internal gurus and their members. They’ll also be able choose from the items on its store online for them to take wherever they be. Additionally, they can gain practical experiences from trading within the platform, but eventually, they will soon learn that trading 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 believe Profit.ly equally suitable to them as those who are just starting. Although the novices might not be as well-equipped with dealing with trading issues but the experts already know the way it functions and the plethora of risks associated with it. It is ideal to utilize Profit.ly’s range of features to their full advantage to enhance their skills in trading. Like novices, they can learn from the experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the fun! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skill to others as a way to guide them through the ever-illustrious trading process. Polisb Profitly
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You get to 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’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for the majority of its customers
- As traders may opt to make any type of trade, there is the possibility that some of them will profit by selecting the best trades in order to improve their ratings This could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as its premium users are expected to immediately benefit from the number of services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could think of 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 quick-fix scheme to make money. It wasn’t intended to be created for this reason. Instead, you need to have the ability to think with an open heart. Polisb Profitly
What we do mean”yes” is that it is a fantastic learning tool. Those who may be stuck might discover Profit.ly’s variety of resources useful when they try their best to avoid loss and perform better than they did before. It’s not just the struggling traders that will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you truly desire to be a better trader and want to learn from your peers and experts throughout the process, then look no further – Profit.ly is a fantastic choice to start.
FAQ Polisb Profitly
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes a trade entry portion under the My Trade section of the dashboard. It lets you post your trades, either verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually inputting your trades with 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 buy your trade from a reputable brokerage, there is the probability that it’s verifiable. This is shown by the small blue check. If you post it in a manual way or by taking images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving downvotes from fellow peers. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market left and right.
