Stock trading can be a high-stakes game. Some days, you may have the benefit of positive and satisfying numbers. On other days, however it could be the reverse and it can be extremely difficult to return to where you were your best. If you find yourself immersed in the water, you will have to recognize that relying on instinct and survival might not 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. You’re also gonna need a significant boost from your colleagues in the market from all over the world, which is why we’ve identified a platform that can support you to improve your performance within the field. In this review, we’ll take the time to look at Profit.ly A well-respected 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Profily Al
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of different levels to be knowledgeable responsible, transparent, and to build relationships with one another through its wide array of tools and features like chat rooms, trade verification and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website that serves both as a training and learning platform for traders new to trading and also as a platform for traders with experience to keep track of their performance using the aid of cutting-edge analytics tools. Offering users a broad variety of tools for communication and trade, it helps traders from all walks of life network with each other. It gives the gurus worthwhile investments within the confines of this platform. Consider it a social media site akin to Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the transactions are legitimate and will not allow for fraud as much as it is possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
In an appearance in Forbes publication, Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that has never been previously done.” The concept, he added, served two goals: 1.) creating public track records for not just the gurus, but also the students and newsletter writers as well as) making it possible for everyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Profily Al
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of tools and services that are geared towards achieving success. It is possible to create an account there at no cost, however you’re only limited to having the capability to browse the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s offers that we’ll go over shortly.
Making an account simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you’ll have an opportunity to make through high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a look at the performance of the trading community as well as its gurus. You’re not just allowed to show that you’re worthy to the group of traders, as you are also able to use Profit.ly to purchase from a guru with the assurance that you’re comfortable of their knowledge and the credibility of their assertions.
If you are unsure about the idea of divulging your brokerage account, you may opt to post your trades, verified or not, by taking screenshots. Also included in Profit.ly is the huge selection of trading courses and the capability to see stats in a trader’s profile as well as other ways to communicate with your gurus through the chatroom as well as email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who has been famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s stock that trades for less than $5 per share. The trading of penny stocks is an avenue for small businesses to transition to a market that is larger as they can access money from the public. However, don’t get it wrong – it’s also a high-risk game, which Sykes can surely tell through his many years of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned over $6 million of profit during his long and successful career as trading professional. At 25 years old, he had been given greater exposure and an even wider impact as a participant in the reality series “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms and penny stock themes and educational material aimed at people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place for openness, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of education resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have earned substantial profits from their combined years of knowledge. Profily Al
At its height, Profit.ly had housed up to five gurus, each of them a pro within their particular field within the world of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus remain on this platform: the 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 offers basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you will see him focus on the basic stock catalysts and employ them to forecast the next moves that could occur when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS as well as Android devices, text, e-mail and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality, upgraded version of the Tim’s Alerts program. Priced at $149.95 monthly, it is the perfect plan for those who are more invested in investing in penny stocks. Pennystocking Silver includes all the basic features of prior plans, such as alerts for swing trading and access to a rich collection of more than 7,000 educational videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading profits. Profily Al
The Superman Alerts plan is his offer of the most essential features and trading alerts geared to those interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist along with the mobile app, daily market updates in real-time, as well as E-mail and SMS alerts.
The film “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, via the Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. In addition you’ll also gain an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re looking to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of tools to get you going. The platform offers three membership levels, each designed for traders of different levels. Let’s break down what these three levels are and what they will cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. When you sign to this plan you’ll be offered a range of strong and vital trading tools, each of them integral in keeping your fingers on what we can describe as a cutthroat process by itself.
Some of the features you can do with Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit and follow-up, leading and even texting your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be onto leaderboards; study your trades, sort and filter your trades and lastly, look at the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. You aren’t able to create a personal profile, thus making your activities publicly available. If you do want to get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows you to use many of the features of the novice plan. In this plan, that you can create an individual profile that allows you to share with other associate users all your knowledge and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to harness their trading skills. As nice as it seems but there’s one important element that’s missing. Unlike the previous Novice package, you will not be able to see other traders’ statistics this could be a problem for those who are looking forward to this tier. Profily Al
Pro Plan
This is by far the most luxurious package Profit.ly can offer to experienced traders. At $74.95 monthly, with a 22% discount for annual billing This plan offers everything. You get full, no-holds-barred access to all options of the prior plans.
In addition, you’ll be able to look at other people’s statistics and data, but you also have the chance to create your own private profile. Both of these features, in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for an option that gives all the features you need to be trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly has a few additional services that it can offer. One of them is the online store, which lets users select from a variety of instructional videos that are that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the site can be purchased immediately for personal use. These include best-selling products like the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other things trading-related, clips and footage of the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are also part of Profit.ly’s array 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. However, in Profit.ly the chat room is viewed as a space where experts and their members can interact 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 laid back and rarely engaged, while another could be more online and communicative to their pupils. Think of the chat rooms like Profit.ly’s version of the forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, ranging from beginners to experienced pros. With the variety of deals it offers, the platform surely has something for every person.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. In addition, they will be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. They’ll also be able to select from the products from its online store for them to take wherever they may be. You can also get hands-on experience trading on the platform, but ultimately they’ll realize that the process is a high stakes game that shouldn’t be treated as a joke.
For traders who have decades of experience in the line, we see Profit.ly as equally as suitable for them as it is for the newcomers. Although the novices might not be as adept at dealing with trading issues but the experts already know how it works and the stack full of risks that come with it. In the ideal scenario, they can utilize Profit.ly’s variety of features to their full advantage to improve their skills in trading. Like beginners, they can learn from the top experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the fun! People in the trade industry who are at an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to guide them through the ever-illustrious trading process. Profily Al
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 tools, communication, and trading tools
- You get to receive excellent training and tips from the inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There is truly something for all
The Cons
- Profit.ly’s bountiful stream of packages and products offered may be too much for a lot of its customers
- Since traders can choose to make any type of trade, there’s the possibility that some of them will profit by picking the most profitable trades to increase the rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as its premium users are expected to instantly benefit from the many services that the platform can offer
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The Final Concluding Question: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it would be an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always intended to be created for this reason. Instead, you need to have the ability to think with an open heart. Profily Al
What we mean by ‘yes’ is that it can be a great learning tool. For those who are struggling, they could be able to find Profit.ly’s range of resources useful in their efforts to incur lesser losses and be more successful than before. It’s not just the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts!
If you truly want to become more successful in trading and would like to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Profily Al
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes an entry section for trades under the My Trade’ category of the dashboard that lets you record your trades that are verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the small blue check. If you post it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where people can detect who’s being untruthful in submitting 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 as well as the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, because they are not just seeking to make the most profit but also help each other learn and improve in acquiring opportunities in the stock market both right and left.
