The stock market can be an exciting game with high stakes. Some days, you could be reaping the benefits of positive and satisfactory numbers. On other days you may experience the opposite and it can be very difficult to get back to where you were your peak. If you’re constantly stuck in the gutter You will need to recognize that relying on instinct and survival may not always be enough.
If you’ve experienced loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from fellow traders from around the globe, which is why we’ve identified an option that can help you to improve your performance in the industry. We’ll take an in-depth look at Profit.ly is a well-known 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.
Total Rating: 4.1/5 Profily Nerez
User Experience: 4.5/5
Profit.ly offers an internet-based trading service that enables traders of all levels to be informed responsible, transparent, and encouraging each other by offering a wide range of features and tools such as trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for those who are just beginning their journey and also as a platform for experienced traders to track their performance using the aid of cutting-edge analytics tools. It provides users with a vast variety of tools to facilitate trade and communication, it helps traders from all walks of life connect with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Consider it an online social media platform similar like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are valid and won’t allow for fraud as much as it is possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes stated that Profit.ly was based “on showing every trade, something that was never previously done.” The concept was, he said, serving two objectives: one) keeping track of public data for all traders, not just the gurus as well as newsletter authors and students, and 2) giving everyone on the platform to learn from the losses and wins for the trading industry’s benefit. Profily Nerez
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of features and services aimed at achieving the success of their business. You can create an account there for free, but you’re only limited to having access to the leaderboard and follow the actions of non-gurus. If you’re ready 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 deals, which we will review in the coming days.
Making an account easy: create an account with your experience and skills, join to your brokerage account and you have yourself a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users a look at how the community of traders performs and its experts. 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 with their expertise and the legitimacy of their claims.
If you are unsure about the concept of leaking your brokerage account, you may opt to post your trades, verified or not, by taking screenshots. In Profit.ly are the vast number of trading classes as well as the ability to look at stats in a trader’s profile as well as other ways to connect with your gurus via chatrooms in addition to text and e-mail alerts and 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 delving his hands into penny stock trading. According to Investopedia, a penny stock is a small business’s stock that trades for just less than 5 cents per share. Penny stock trading can be seen as an avenue for small companies to move to a market that is larger as they can access funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal through his many years of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as trader. At 25 years old Sykes was given greater exposure and an even wider influence over time when he became part of the reality series “Wall Street Warriors.” He took advantage of it to create trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped establish Profit.ly as a place of transparency, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. Gurus are referred to the trading experts who have proven to make substantial profits from their collective years of experience. Profily Nerez
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the trading industry. 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, there are only two gurus who remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you will observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next possible moves in trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile app available for 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 highest-quality version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month it is the perfect plan for those who are more invested in investing in penny stocks. Pennystocking Silver comes with all the standard features of prior plans, including alerts for swing trading and access to an extensive library of over 7,000 educational videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading profits. Profily Nerez
The Superman Alerts package is his package of vital features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile app, daily market commentary shown in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge that is provided by Superman himself through his Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. In addition, you’ll also get an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to help you going. The platform has three membership levels, each designed for traders at different levels. Let’s take a look at what these three levels are and what they will cost you.
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. As you sign to this plan you’ll be given a slew of robust and indispensable trading tools, each of them integral in keeping your fingers on what can describe as a cutthroat process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the capability to check trades and track profits; leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You’re also allowed to get onto leaderboards; study, sort, and filter your trades and, lastly, view other’s stats.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone however, there’s a drawback. You aren’t able to create a personal profile, which makes your actions public. If you do want to get an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to take advantage of the majority of features available in the novice plan. It is in this plan that you can create an account that is private for sharing with fellow associate users all your knowledge and intel in trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to improve their skills in trading. As nice as it seems, there is one significant aspect that’s not included. In contrast to the Novice package, this one won’t be able view other traders’ stats this might be a drawback for those eager to try this new tier. Profily Nerez
The Professional plan can be described as the most luxurious package Profit.ly offers to experienced traders. At $74.95 monthly, and an additional 22% discount when billed annually the Pro plan has it all. It gives you full, unlimited access to all the options of the previous plans.
Not only do you get to look at other people’s statistics as well, you’re also offered the chance to create an individual profile. Both of these options, in addition to the benefits that you can use to their fullest capacity. If you’re looking for an option that gives all the features you need to be an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly offers a number of more services it has to provide. One of these is its online store, which lets users choose from a wide array of instructional videos that are designed to inform 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”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, as well as all related to trading, videos and scenes of the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s range of services and features. You may be familiar with chat rooms since you can see it across messaging and social platforms, and also on a few specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a place where gurus and their members trade and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members there. Some may be a laid-back person who is less active, while another might be more interactive and online with their students. Think of chatrooms as Profit.ly’s version of a forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock trader types, from novices to the most experienced. With the variety of deals it has to offer it is certain to have something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus and members. They’ll also be able to pick from the merchandise available on its store online for them to take wherever they may be. Additionally, they can gain practical experiences from trading within the platform, however they’ll be able to realize that the process is a high-stakes game that shouldn’t be treated as an amusing pastime.
For traders who have many years of experience down the line, we believe Profit.ly equally suited to them as those who are just starting. Although the novices might not be as adept at managing trading, the pros already understand how it works along with the risky mix associated with it. Ideally, they may utilize Profit.ly’s variety of options to their maximum advantage to improve their trading abilities. Like novices, they can learn from the experts and experts , and use those short tips and tricks along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies or semi-experienced trader. Experts who have been verified can also participate in the fun! Trade professionals who are at an equal level with Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to navigate them through the ever-changing trading process. Profily Nerez
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows traders from all over the world with tons of learning communications, trading, and communication tools
- You get to receive excellent training and insights from its internal experts, which include 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 ready to call you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost There is truly something for every person
- Profit.ly’s numerous packages and products offered may be too much for most of its users
- Since traders can choose to open any kind of trade, there’s a possibility that some of them could profit from selecting the best trades in order to increase the rating This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds because the premium customers are expected to immediately benefit from the number of features the platform is able to provide
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The Final Verdict: Is Profit.ly Valued?
If we could come up with the answer, it would be yes. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you should have an open mind. Profily Nerez
What we do mean”yes” is it could be a useful learning tool. People who are stuck could find Profit.ly’s array of resources helpful as they do their best to reduce loss and perform better than they did before. It’s not just the struggling traders who will benefit from this platform. It can accommodate beginners and even experts!
If you really desire to be more successful in trading and would like to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Profily Nerez
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades within the “My Trade category on the dashboard which lets you record your trades that are verified or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Take a photo of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is shown by the blue check mark. If you post it manually or through pictures, it will be classified as unverified.
The downside of having an unverified trade is the chance of receiving downvotes from fellow peers. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, since they’re not just trying to maximize profits but also help each other grow and learn more about acquiring stock market opportunities both right and left.