The stock market can be an exciting game with high stakes. On some days, you could be reaping the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it could be extremely difficult to get back to where you were your peak. If you are always in the mud You will need be aware that relying solely on instinct and survival is not always enough.
If you’ve experienced loss from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your colleagues in the market from all over the globe. That’s why we’ve discovered an option that can help you in your growth in the industry. In this review, we’ll take an in-depth look at Profit.ly, a well-recognized 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 Bluetooth
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of different levels to be informative, transparent, accountable, and uplifting with one another through its wide array of tools and features such as chat rooms, trade verification as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for people who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance with the help of advanced analytics tools. It provides users with a vast range of resources for communication and trade that help traders from all walks of life network with each other. It offers gurus with an opportunity to invest in the right areas of the platform. Think of it as a social media site akin like Facebook and Reddit, but for traders and experts.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are valid and won’t accept fake news as long as possible. It was founded many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes stated that Profit.ly was based “on the transparency of every trade, something that was never previously done.” The concept Sykes said served two purposes: 1) making public records for all traders, not just the gurus and students and newsletter writers as well as) giving all users to be enlightened by both losses and wins to the benefit of the trading industry. Profily Bluetooth
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of features and services aimed at achieving success. You can create an account at no cost, however you’re only given access to the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s deals that we’ll go over shortly.
Setting up an account is simple: Create an account with your experience and expertise, connect your brokerage account, and you have yourself a chance to shoot your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a glimpse of their performance as a trading group and its gurus. It’s not only a chance to demonstrate value to a large group of traders, but you can also utilize Profit.ly to purchase from a guru with the confidence that you are confident in their skills and the legitimacy of their claims.
If you feel uneasy with the idea of sharing the details of your broker account you may opt to post your trades, whether verified or not, by taking pictures. Included in Profit.ly is the huge selection of trading classes as well as the ability to look at statistics on a person’s profile as well as other ways to connect with your gurus in the chatroom, in addition to 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 trading personality who is well-known for his involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at under $5 for each share. The trading of penny stocks can be seen as a stepping stone 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 an extremely risky activity, as Sykes will be able to tell you thanks to his years of expertise.
Beginning in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in profits through his lengthy career as a trader. At the age of 25 Tim Sykes had received more exposure and a wider influence over time when he became part of the reality show “Wall Street Warriors.” He then took advantage of it to develop trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place of openness, and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational resources, trade alerts, and other useful stuff offered by the company’s internal gurus. Gurus are referred to the trading experts who have made substantial profits from their combined years of experience. Profily Bluetooth
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll 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 which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you will be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS and Android devices, email, text, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. At $149.95 for a month it is an ideal plan for those who are more invested in penny stock trading. Pennystocking Silver offers all the essential features of the previous plan, such as swing trading alerts and unlimited access to a library of more than 7,000 instructional videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profily Bluetooth
The Superman Alerts plan is an offering of essential features and alerts on trading geared to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist and the mobile app, the daily market commentary in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. On top of that, you’ll also get an access to high-quality research papers as well as the IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re ready to join the online trading community and make a mark on the market, Profit.ly has the right amount of resources to help you started. The platform has three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three tiers are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. As you sign to this plan, you will be immediately offered a range of strong and vital trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat process by itself.
The list of features you can accomplish using Profit.ly’s Novice program is the capability to check trades and track profits and follow-up, leading, and even messaging other traders; and providing feedback on trades today. It also allows you to be on leaderboards, analyze the results of your analysis, sort, and filter your trades and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. While it may look attractive for the price alone however, there’s a drawback. It isn’t possible to create a private profile, thus making your actions public. If you’re looking to gain access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader plan allows users to benefit from a majority of features from the Novice plan. This plan allows that you are able to create an individual profile that allows you to share with fellow associate users all the insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to improve their trading skills. While it’s nice but there’s one important element that’s missing. Unlike the previous Novice package, you won’t be able view other traders’ stats that might be a drawback for those who are anticipating this level. Profily Bluetooth
Pro Plan
This is by far the most premium package that Profit.ly can offer to experienced traders. At $74.95 per month, and 22% off when billed annually the Pro plan has everything. You get full, no-holds-barred access to all options of the previous plans.
Not only do you get to look at other people’s statistics and data, but you also have the option of creating an individual profile. Both of these options, in addition to the advantages that you can utilize to their fullest capacity. 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 provided trainer tools and leadersboards Profit.ly has a few additional services that it can provide. One of these is its online store, which lets users pick from a range of instructional videos that are that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the site can be immediately purchased for personal use. These include best-selling products like the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on penny stocking, short stocking, and all other aspects of trading. There are also clips and footage from The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s array of services and features. You may be familiar with the chat room as you can see it across social and messaging platforms, in addition to a few special websites that offer live chat support. However, in Profit.ly, it is seen as a hands-on area where experts and member traders can communicate and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members. Some may be a laid-back person who is rarely active, while another might be more online and communicative to their pupils. Think of the chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, ranging from novices to experienced professionals. With the variety of deals it has to offer this platform definitely has something for all.
Newbies, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. In addition, they will get daily videos and chat room advice from the in-house experts and their members. They’ll also be able select from the products on its store online to carry with them wherever they go. You can also get hands-on experiences by trading through the platform, but ultimately they’ll be able to realize that trading is a high-stakes game that should not be viewed as a joke.
For traders who have years of exposure down the road, we consider Profit.ly as equally as suitable to them as people who are just beginning. While novice traders may not be as well-equipped with handling trading matters but the experts already know the way it functions and the stack full of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s array of features to their best advantage to enhance their skills in trading. Like novices, they can study from the gurus and experts , and use those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are on similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders as a way to help assist them in the ever-changing trading process. Profily Bluetooth
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You get to be provided with excellent lessons and advice from the company’s internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and authentic trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s numerous packages and products offered may not be enough for most of its customers
- As traders may opt to make any type of trade, there is the possibility that some of them may take advantage by picking the most profitable trades to increase the rating – this may be a problem that shouldn’t be overlooked.
- Profit.ly does not accept refunds as the premium customers will immediately benefit from the number of services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it’s a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t designed to be used for this reason. Instead, you should have the ability to think with an open heart. Profily Bluetooth
What we are referring to”yes” is it could be a useful learning tool. People who are stuck may be able to find Profit.ly’s array of resources useful when they try their best to incur lesser loss and perform better than they did before. It’s not just the poor traders that can benefit from the platform. It is able to accommodate novices and even experts in the field!
So, if you genuinely want to become more successful in trading and would like to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Profily Bluetooth
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has the option of allowing trade entries within the “My Trade section of the dashboard. It lets you record your trades that are verified or not. There are three options:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your transactions
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is evident by the blue check mark. If you post it manually or through screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthentic trade is the possibility of getting downvotes from your colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile version of the app works with all working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just trying to maximize profits but also assist each other to learn and improve in acquiring stock market opportunities left and right.
