Stock trading can be an extremely risky game. On some days, you could have the benefit of positive and satisfactory numbers. On other days you may experience the opposite and it could be extremely difficult to return to where you were at your peak. If you are immersed in the water You will need to recognize 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. You’re also gonna need an important boost from colleagues in the market from all over the globe. That’s why we’ve discovered an online platform that will help you to improve your performance in the market. This review will take an in-depth 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 Profily Item
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 enables traders of different levels to be knowledgeable, transparent, accountable, and uplifting with each other through its broad variety of tools and features like trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that serves both as a learning and education platform for traders who are just beginning their journey and also as a platform for traders with experience to keep track of their performance with the help of sophisticated analytics tools. It provides users with a vast variety of tools to facilitate trade and communication, it helps traders from every field of business connect with one another. It gives the gurus an opportunity to invest in the right areas of the platform. Imagine it as a social media site akin to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes magazine, Sykes said that Profit.ly was motivated by its focus “on showing every trade, something that has never been previously done.” The idea was, he said, serving two objectives: one) making public records for all traders, not just the gurus, but also the newsletter authors and students as well as) giving anyone on the platform to be enlightened by the losses and wins for the trading industry’s benefit. Profily Item
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of tools and services that are geared at achieving achievement. It is possible to create an account for free, but you’re limited to the ability to navigate through the leaderboard and follow the activities of people who aren’t 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 join one of Profit.ly’s offerings, which we will go over shortly.
The process of opening an account is simple: Create a profile with your experiences and expertise, connect to your brokerage account, and you have yourself an opportunity to make your way up to at the very top of the list. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a look at how the community of traders performs and its experts. It’s not only a chance to prove your worth to a group of traders. You can also utilize Profit.ly to buy with a professional with the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you’re not comfortable with the idea of divulging the details of your broker account you may opt to post your trades, whether verified or not, via pictures. Also included in Profit.ly are a variety of trading classes as well as the ability to look at statistics on a person’s profile and other methods to connect with your gurus in the chatroom, as well as email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for under $5 for each share. The penny stock market is an avenue for small businesses to transition into a larger market because it allows them to access capital from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as a trader. When he was 25 years old, he had been given greater exposure and a larger influence over time as a participant in the reality TV show “Wall Street Warriors.” He made use of the show to create trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place for transparency and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of education sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the trading experts who have earned substantial amounts of money from their combined years of expertise. Profily Item
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on this platform: Founder as well as 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 what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS as well as Android devices, as well as texts, emails and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 for a month this is a great option for those who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features of the previous plan, such as alerts for swing trading and access to a collection of more than 7,000 educational videos, with new ones released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Profily Item
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist along with the mobile application, daily market updates in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base of information provided by Superman himself via his 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 other previous ones. On top of that you’ll also gain an access to high-quality research papers and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership levels, each designed for traders with 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 entry-level plan designed especially for those who are new to the trading community. Once you have signed up for this plan, you will be immediately given a slew of robust and vital trading tools, each of them integral in keeping your fingers on what we call a competitive procedure in its own.
The list of features you can accomplish using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following and even chatting with your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze, sort, as well as filter trades; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re looking to get access to this feature, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets users to benefit from the majority of features available in The Novice package. This plan allows that you can set up an account that is private to share with fellow associate users all the insights and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater people who want to develop their skills in trading. While it’s nice however, there’s a crucial feature that is missing. Unlike the previous Novice package, you will not be able view other traders’ stats this might be a drawback for some who may be eager to try this new tier. Profily Item
Pro Plan
The Pro plan is the highest expensive plan Profit.ly offers to experienced traders. It costs $74.95 each month with a 22% discount when billed annually the Pro plan has it all. It gives you full, unlimited access to all features from the two prior plans.
You’re not only 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 maximum extent. If you’re looking for a plan that can serve you everything you need as trader with experience, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly has a few other services they offer. One of these is its online store, which lets users pick from a range of videos created to provide guidance on the nuances and pitfalls of trading. The products listed on this page of the site can be bought immediately for your personal use. These include best-selling products like”Trading Tickers,” 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 all other things trading-related, clips and clips of The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of services and features. You are probably familiar with the concept of the chat room as you can see it across messaging and social platforms, as well as some specialty websites that provide live chat support. But in Profit.ly it’s seen as a hands-on place where gurus and their members trade and learn in real time. Every guru has their own style when it comes to running their chat room and in dealing with the members. One might be laid back and not very often active, while another may be more online and communicative to their pupils. Think of chat rooms as Profit.ly’s version of the forum in the essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, from novices to the most experienced. Given the wide range of options it can provide it is certain to have something for every person.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. They will also get daily videos and chat room tips from the in-house experts and their members. They’ll also be able select from the products on its store online for them to take wherever they travel. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll be able to realize that the process is a risky game that shouldn’t be taken as a joke.
For traders who have years of exposure down the line, we see Profit.ly equally suited for them as it is for those who are just starting. Although the novices might not be as well-equipped with dealing with trading issues but the experts already know how it works along with the plethora of risks that come with it. In the ideal scenario, they can utilize Profit.ly’s array of features to their best advantage to enhance their trading abilities. As beginners, they are able to study from the gurus and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are at similar levels to Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to assist them in the ever-changing trading process. Profily Item
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many 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 be provided with excellent lessons and insights from its inside experts, as well as collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders ready to call you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost – there truly is something for everyone
The Cons
- Profit.ly’s numerous products and packages offered might seem overwhelming for the majority of its users
- Since traders can choose to open any kind of trade, there is the possibility that some of them could profit from picking the most profitable trades to improve their ratings – this may be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds as the premium customers are expected to instantly benefit from the number of services the platform has to provide
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The Final Concluding Question: Is Profit.ly Worth It?
If we could come up with an appropriate answer for this query, it would be a ‘yes’. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally intended to be created in this way. Instead, you need to have an open mind. Profily Item
What we are referring to”yes” is it is a fantastic learning tool. People who are stuck might be able to find Profit.ly’s variety of resources useful when they try their best to reduce loss and perform better than they did before. It’s not just the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely care about being better at trading and wish to learn from your peers and experts on the way, you should look no further than Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profily Item
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers an entry section for trades in the My Trade category on the dashboard that lets you post your trades, either verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your transactions
What can I do to determine if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there’s an excellent probability that it’s verifiable. This is evident by the small blue check. If you submit the information manually or via images, it will be classified as unverified.
The disadvantage of an unauthentic trade is the risk of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could cause you to show up at the top of the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile version of the app 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, because they are not just seeking to make the most profit but also help each other grow and learn more about acquiring opportunities on the stock market left and right.
