Stock trading is a high-stakes game. On certain days, you could enjoy the benefits of pleasing and positive numbers. On other days you may experience the opposite and it could be very difficult to return to the point you were at your best. If you find yourself always in the mud, you will have be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve suffered loss from time to time You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from fellow traders from around the world, which is why we’ve discovered a platform that can support you to improve your performance in the industry. We’ll be taking an in-depth 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.
Total Rating: 4.1/5 Profily Proebiz
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of all levels to be informed, transparent, accountable, and uplifting with one another through its wide variety of tools and features like chat rooms, trade verification as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for people who are starting out and as a hub for experienced traders to track their performance using the aid of sophisticated analytics tools. It provides users with a vast range of resources to facilitate trade and communication and letting traders from all walks of life network with each other. It also allows gurus to make an opportunity to invest in the right areas of this platform. Consider it the social media equivalent the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The trading platform is built on trust and transparency. it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine Sykes said that Profit.ly was driven by its focus “on showing all trades, something that was never done before.” The idea, he added, served two purposes: 1) keeping track of public data for all traders, not just the gurus and students and newsletter writers as well as) giving all users to learn from the losses and wins for the trading industry’s benefit. Profily Proebiz
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of services and features geared toward success. You can create an account on the site at no cost, however you’re limited to access to the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
Setting up an account is simple: Create an account that includes your personal information and skills, join to 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 look at the performance of the trading community as well as its experts. It’s not just a way to show that you’re worthy to the community of traders. You can also use Profit.ly to buy with a guru, and have the assurance that you’re comfortable of their knowledge and the veracity of their assertions.
If you are unsure about the concept of leaking your brokerage account, you may decide to share your trades, either verified or otherwise, through screenshots. Included in Profit.ly are a variety of trading courses as well as the ability to look at statistics on a person’s profile and other methods to communicate with your gurus via chatrooms 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 trading personality who has been famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock is a small business’s shares that trade for under $5 for each share. The trading of penny stocks could be viewed as an avenue for small-scale businesses to make the transition into a larger market because it gives them access to money from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes will be able to tell you because of his decades of experience.
From his beginnings in the latter years of high school, Tim Sykes has, since then, made over $6 million of profit throughout his illustrious career as a trader. At the age of 25 Tim Sykes had received more exposure and a wider influence over time when he was a part of the reality show “Wall Street Warriors.” He then took advantage of it to establish trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped to establish Profit.ly as a place for openness, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. These gurus refer to the experts in trading who have earned substantial profits from their collective years of expertise. Profily Proebiz
At its peak, Profit.ly had housed up to five gurus, each of them an expert 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. As of this writing, only two gurus remain on the platform: the 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 look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to forecast the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s 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 premium version that has been upgraded of the Tim’s Alerts package. It costs $149.95 for a month this is the perfect plan for those who are more invested in investing in penny stocks. Pennystocking Silver offers all the essential features found in earlier plans which includes swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profily Proebiz
The Superman Alerts plan is an package of vital features and alerts on trading geared to those interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket as well as the mobile application, daily market updates in real-time, as well as E-mail 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 the Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of the previous ones. In addition, you’ll also get access to premium research reports and an IPO as well as earnings tracking tool.
Profit.ly Programs 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 get you up and running. The platform offers three membership tiers, each designed for traders of different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. When you sign up for this plan you’ll be given a slew of robust and indispensable trading tools, each one of them essential in keeping your fingers on what we could call a ruthless process in and of itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit; leading, following and even chatting with other traders; and providing feedback on trades today. You can also get on leaderboards; analyze, sort, and filter your trades and, lastly, view other’s stats.
The Novice plan will cost $29.95 per month. While it may look attractive simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, which makes your actions public. If you do want to have access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use the majority of features available in The Novice package. This plan allows that you can create an account that is private for sharing with fellow associates all your insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests catering people who want to harness their expertise in trading. While it’s nice however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to see other traders’ statistics, which could be a disadvantage for those who are anticipating this level. Profily Proebiz
Pro Plan
The Pro plan is the highest luxurious package Profit.ly offers to experienced traders. With $74.95 per month, which includes a 22% discount for annual billing This plan offers everything. You get full, no-holds-barred access to all features from the two previous plans combined.
Not only do you get to look at other people’s statistics as well, you’re also offered the option of creating a private profile. These two features are in addition to the advantages you’ll be able to use to the fullest potential. If you’re in search of an option that gives all the features you need to be trader with experience, the Pro level is for you!
Profit.ly’s Other Services
In addition to the tools for training and leaderboards, Profit.ly has a few other services they provide. One of those is its online store, which allows users to select from a variety of videos created to provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the site can be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series from trading 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 footage from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of 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 social and messaging platforms, as well as some specialty websites that offer live chat support. But in Profit.ly the chat room is viewed as a real-time place where gurus and their members can interact and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members. Some may be a laid-back person who is less active, while another might be more active and in touch with their students. Think of the chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock trader types, from novices to experienced professionals. Considering the number of offers it can provide this platform definitely has something for everyone.
For instance, newbies will appreciate Profit.ly’s library of learning materials available across the platform. They will also be enriched with weekly videos and chat room advice by its internal gurus and members. Additionally, they can choose from the items in its online store that they can take with them wherever they may go. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll be able to realize that the process is a high stakes game that shouldn’t be taken as a joke.
For the traders with years of exposure down the line, we see Profit.ly as equally as suitable for them as it is for people who are just beginning. While the newbies may not be as well-equipped with managing trading, the pros already understand how it works and the stack full of risks that come with it. Ideally, they may use Profit.ly’s range of features to their best advantage to improve their trading abilities. As beginners, they are able to learn from the top experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices and semi-experienced traders. Verified experts can also join in the excitement! Trade professionals who are at similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to navigate them through the ever-changing trading process. Profily Proebiz
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You’ll receive excellent training and advice from the company’s internal experts, which include video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates There’s something for every person
The Cons
- Profit.ly’s bountiful stream of packages and products offered may be too much for most of its customers
- If traders decide to open any kind of trade, there is the possibility that some of them could profit from picking the most profitable trades to boost their rating This could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds because the premium customers are expected to immediately benefit from the many services the platform has to offer
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The Final Verdict: Is Profit.ly Valued?
If we could come up with an answer to this question, it’s an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t intended to be created to achieve this goal. Instead, you should have an open mind. Profily Proebiz
What we mean”yes” is that it could be a useful learning tool. Those who may be stuck may be able to find Profit.ly’s array of resources helpful in their efforts to incur lesser losses and perform better than they did before. It’s not just the poor traders that can profit from the platform. It is able to accommodate novices and even experts!
So, if you genuinely desire to be a better trader and want to learn from your fellows and gurus on the way, take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Profily Proebiz
How do you use Profit.ly to make your trades public?
Profit.ly has a trade entry portion within the ‘My Trade category on the dashboard which lets you post your trades that are verified or not. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Take a photo of your trades
How can I tell whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there’s the likelihood that it can be verified. This is evident by the blue check mark. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The downside of having an unverified trade is the risk of receiving negative feedback from friends and colleagues. A large number of downvotes could result in you appearing on the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just trying to maximize profits but also help each other learn and improve in acquiring opportunities on the stock market all over the world.
