The stock market can be a high-stakes game. On certain days, you might enjoy the benefits of positive and satisfying numbers. On other days it could be the reverse and it can be extremely difficult to get back to where you were at your most productive. If you are constantly stuck in the gutter it is important to realize that relying on instinct and survival might not be enough.
If you’ve suffered loss from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your colleagues in the market from all over the globe, which is why we’ve identified a platform that can support you in your improvement within the field. This review will take a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profily Aluprof
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of various levels to be knowledgeable, transparent, accountable, and uplifting with one another through its wide range of features and tools including chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for those who are starting out as well as a place for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Providing users with a wide variety of tools for trade and communication and letting traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries of this platform. Consider it an online social media platform similar like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are valid and won’t allow for fraud as much as possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been done before.” The concept, he added, served two goals: 1.) making public records for all traders, not just the gurus, but also the students and newsletter writers and secondly) allowing everyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Profily Aluprof
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of services and features geared toward the success of their business. It is possible to create an account for free, but you’re only limited to having access to the leaderboard and observe 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 join one of Profit.ly’s offers that we’ll review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and expertise, connect your brokerage account, and you’ll be given the chance to climb your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a glimpse of the performance of the trading community and its experts. You’re not just allowed to demonstrate your worth to a group of traders. You can also use Profit.ly to buy with a professional with the assurance that you’re comfortable with their expertise and the credibility of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, you can opt to post your trades, verified or not, by taking pictures. Also included in Profit.ly are the vast number of trading classes and the capability to see the stats of a trader’s account as well as other ways to connect with your gurus through the chatroom in addition to 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 is well-known for delving his hands into penny stock trading. According to Investopedia Penny stock is a small business’s shares that trade for under $5 for each share. The penny stock market can be seen as an opportunity for small companies to move to a market that is larger as it gives them access to money from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal thanks to his years of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as a trader. At 25 years old, he had been given greater exposure and an even wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He then took advantage of it to create trading rooms and penny stock themes and educational content geared toward people who are brand new to trading. He also helped establish Profit.ly as a platform for transparency, and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning tools, trade alerts and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the trading experts who have earned significant amounts of profit from their combined years of expertise. Profily Aluprof
At its height, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the field of trading. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing however, 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. When we take that into account Let’s 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 via Tim’s Alerts. Costing $74.95 monthly, you’ll be able to observe him focus on basic stock catalysts and employ them to predict the next possible moves in trading.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is 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 highest-quality, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, it is the perfect plan for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in the previous plan, including swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Profily Aluprof
The Superman Alerts package is his offer of the most essential features and trading alerts geared to those interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket and the mobile app, the daily market commentary shown in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge of information provided by Superman himself through the Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all the previous ones. Additionally you’ll also gain the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready 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. Profit.ly offers three membership tiers that are designed to accommodate traders of different levels. Let’s take a look at what these three levels are and what they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. When you sign up for this package you’ll be offered a range of strong and indispensable trading tools, each of which is essential to keep your fingers on what can describe as a cutthroat process in and of itself.
Some of the features you can do using Profit.ly’s Novice package is the ability to confirm trades and track profits; leading, following, and even messaging your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze, sort, or filter the trades you make and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. You aren’t able to create a personal profile, thus making your actions public. If you’re interested in get an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
The Trader plan allows users to benefit from the majority of features available in the novice plan. This plan allows that you can create an account that is private to share with fellow associate users all the insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater for those looking to improve their expertise in trading. While it’s nice however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you won’t be able to see other traders’ stats that could be a problem for those who are eager to try this new tier. Profily Aluprof
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. At $74.95 per month, and a 22% discount for annual billing the Pro plan has everything. It gives you full, unlimited access to all the features of the prior plans.
You’re not only able to look at other people’s statistics, but you’re also given the option of creating a private profile. Both of these options, in addition to the advantages that you can utilize to their fullest capacity. If you’re looking for an account that will give you with everything you require as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly offers a number of more services it has to offer. One of these is its online store, which lets users pick from a range of video products designed to inform and provide guidance on the ins and outs of trading. All of the products featured in this section of the website can be purchased immediately for personal use. These include best-selling products like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, as well as all things trading-related, clips and footage of the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s range of features and services. You may be familiar with the chat room as you can see it across social and messaging platforms and also on a few specialty websites that provide live chat assistance. But on Profit.ly it’s seen as a place where gurus and their members trade and share knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members. Some may be laid back and less engaged, while another could be more online and communicative in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, from beginners to experienced pros. With the variety of deals it can provide this platform definitely has something for everyone.
For instance, newbies will appreciate Profit.ly’s library of learning content offered throughout the platform. They will also get daily videos and chat room advice from the in-house experts and their members. They’ll also be able to select from the products from its online store to carry with them wherever they may go. They can also gain hands-on experiences by trading through the platform, but eventually they’ll realize that trading is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have decades of experience in the line, we believe Profit.ly as equally as suitable for them as it is for people who are just beginning. Although the novices might not be as well-equipped with managing trading, the pros already understand the way it functions and the plethora of risks that it carries. It is ideal to make use of Profit.ly’s array of options to their maximum advantage to enhance their trading skills. As beginners, they are able to learn from the experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the fun! Trade professionals who are at similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to help guide them through the ever-illustrious trading process. Profily Aluprof
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You will 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 assured of transparency throughout Profit.ly with accurate analytics and fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through images
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices – there truly is something for all
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for the majority of its customers
- Since traders can choose to post any kind of trade, there is a possibility that some of them will profit by cherry-picking the best trades to improve their ratings – this may be a concern that should not be ignored.
- Profit.ly does not accept refunds as the premium customers are expected to instantly take advantage of the numerous services the platform has to offer
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The Final Verdict is: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it would be yes. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always intended to be created in this way. Instead, you need to have an open mind. Profily Aluprof
What we mean”yes” is it is a fantastic learning tool. Those who may be stuck may be able to find Profit.ly’s array of resources helpful when they try their best to avoid losses and be more successful than before. It’s not only the struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being better at trading and wish to be taught by your peers and experts on the way, look no further – Profit.ly is a fantastic option to begin.
FAQ Profily Aluprof
How can you make use of Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries under the My Trade’ category of the dashboard. It lets you record your trades, verifiable or not. There are three options:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades into provided spaces and specifics
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s an excellent 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 classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of getting downvotes from your fellow peers. A large number of downvotes could result in you appearing in the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders because they are not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market both right and left.