The stock market can be an extremely risky game. On some days, you may enjoy the benefits of positive and satisfying numbers. However, on other days you may experience the opposite and it can be very difficult to return to where you were your most productive. If you’re immersed in the water it is important to realize that relying on instinct and survival may not always be enough.
If you’ve experienced occasional losses and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the world, which is why we’ve found an online platform that will help you in your growth in the market. We’ll be taking a look at Profit.ly, a well-recognized one-stop 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 Knauf
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users 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 responsible, transparent, and to build relationships with one another through its wide variety of tools and features including chat rooms, trade verification and a rich library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for traders who are starting out and as a hub for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Offering users a broad array of options for trade and communication, it helps traders from all walks of life network with each other. It also allows gurus to make worthy investments within the boundaries of this platform. Think of it as 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 from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it ensures that the transactions are legitimate and will not accept fake news as long as possible. It was established many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes magazine Sykes declared that Profit.ly was driven by its focus “on showing every trade, something that was never previously done.” The concept, he added, served two goals: 1.) creating public track records for all traders, not just the gurus as well as students and newsletter writers, and 2) making it possible for all users to learn from the losses and wins to benefit the industry of trading. Profily Knauf
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of services and features geared towards achieving achievement. You can create an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money and see 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 discuss in the near future.
The process of opening an account is simple: Create a profile with your experiences and skills, join your brokerage account, and you’ll be given a chance to shoot through high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a glimpse of their performance as a trading group and its gurus. You’re not just allowed to prove that you’re worthy to the community of traders, but you can also utilize Profit.ly to buy with a professional with the assurance that you’re comfortable of their knowledge and the veracity of their claims.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, then you could decide to share your trades, whether verified or not, by taking screenshots. 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 and other methods to interact with your experts in the chatroom, along with notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his efforts in penny stock trading. According to Investopedia, a penny stock refers to a small company’s stock that trades for under $5 for each share. The trading of penny stocks can be seen as an opportunity for small businesses to transition into a larger market because it gives them access to money from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes is sure to reveal through his many years of experience.
From his beginnings in his late years in high school, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as trading professional. At 25 years old, he had been given greater exposure and an even wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” He then used the opportunity to create trading rooms as well as penny stock themes and educational material aimed at those who are new to the trading field. He also helped to establish Profit.ly as a place of openness, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. Gurus are referred to experts in the field of trading who have proven to make substantial profits from their collective years of knowledge. Profily Knauf
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the trading industry. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you’ll see him focus on the basic stock catalysts and employ them to anticipate the next moves that could occur when making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom and the mobile app that’s available on iOS as well as Android devices, email, text, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, it is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features found in the previous plan, including swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Profily Knauf
The Superman Alerts plan is an offering of essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket as well as the mobile app, daily market commentary in real-time, as well as E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base of information provided by Superman himself through the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. On top of that, you’ll also get access to premium research reports as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re looking to join the online trading community and leave your mark on the market, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership tiers, each designed for traders with different levels. Let’s take a look at what these three tiers are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. When you sign to this plan you’ll be given a slew of robust and vital trading tools, each of which is essential to keep your fingers on what can describe as a cutthroat procedure in its own.
Among the list of things you can do with Profit.ly’s Novice program is the ability to verify trades and track profits and follow-up, leading, and even messaging 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, look at other’s stats.
The Novice plan is $29.95 per monthly payment. Although it looks attractive just by the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your personal information public. If you’re looking to get an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows users to benefit from many of the features of the Novice plan. It is in this plan that you can set up a private profile to share with other associate users all the insights and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to improve their skills in trading. Although it’s a nice thing, there is one significant element that’s missing. As opposed to the prior Novice package, you will not be able to see other traders’ statistics this could be a problem for those looking forward to this tier. Profily Knauf
Pro Plan
The Pro plan is the highest expensive plan Profit.ly can offer to experienced traders. It costs $74.95 monthly, and an additional 22% discount when billed annually the Pro plan has everything. You will have full, unrestricted access to all options of the previous plans combined.
You’re not only able to see other users’ stats, but you’re also given the opportunity to create a 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 in search of a plan that can serve you with everything you require as trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the trainer tools and Leaderboards Profit.ly offers a number of additional services that it can offer. One of these is its online store, which lets users pick from a range of videos that are designed to educate and help you understand the ins and outs of trading. The products listed in this section of the site can be immediately purchased for personal use. These include best-selling products like the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, and all other aspects of trading. There are also clips and clips from The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s array of services and features. You’re probably familiar with the chat room since you can see it across social and messaging platforms, in addition to a few special websites that offer live chat assistance. But on Profit.ly it’s seen as a hands-on place where gurus and their members can interact and share knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members there. One of them may be a laid-back person who is rarely engaged, while another could be more active and in touch to their pupils. Think of chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock trader types, from beginners to experienced pros. Given the wide range of options it offers this platform definitely has something for everyone.
For instance, newbies will appreciate Profit.ly’s knowledge-based materials available across the platform. In addition, they will get daily videos and chat room advice from the in-house experts as well as their members. They’ll also be able to select from the products on its store online for them to take wherever they go. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll be able to realize that the process is a risky game that shouldn’t be treated as an amusing pastime.
For those traders who have had years of exposure down the line, we believe Profit.ly equally suitable to those who are just starting. While novice traders may not be as proficient in dealing with trading issues but the experts already know how it works along with the plethora of risks associated with it. It is ideal to make use of Profit.ly’s variety of options to their maximum advantage to enhance their trading skills. As beginners, they are able to study from the gurus and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the enjoyment! People in the trade industry who are at similar levels to Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to guide them through the ever-illustrious trading process. Profily Knauf
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows traders from all over the world with tons of learning tools, communication, and trading tools
- You’ll be taught by experts and tips from the internal experts, which include collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders that are waiting to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and verifiable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for a lot of its customers
- Since traders can choose to make any type of trade, there’s the possibility that some of them could profit from selecting the best trades in order to improve their ratings This could be a problem that shouldn’t be ignored.
- Profit.ly does not accept refunds, as its premium users 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 were able to come up with an appropriate answer for this query, it’s a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t meant to be designed in this way. Instead, you need to have the ability to think with an open heart. Profily Knauf
What we do mean”yes” is that it could be a useful learning tool. For those who are struggling, they might be able to find Profit.ly’s range of resources to be helpful as they do their best to reduce losses and be more successful than before. It’s not just the struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
If you really desire to be better at trading and wish to learn from your mentors and peers on the way, look no further – Profit.ly may be a great choice to start.
FAQ Profily Knauf
What are the best ways to use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries within the “My Trade section of the dashboard that lets you record your trades that are verified or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there is a high likelihood that it can be verified. This is indicated with the small blue check. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the possibility of getting downvotes from your colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities in the stock market all over the world.
