Stock trading is a high-stakes game. Some days, you might enjoy the benefits of positive and satisfactory numbers. However, on other days it could be the reverse, and it may sometimes be very difficult to return to where you were your peak. If you find yourself always in the mud You will need to recognize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the world, which is why we’ve identified an online platform that will help you in your improvement in the market. This review will 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Profily U
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of various levels to be informed and accountable, as well as transparent and to build relationships with one another through its wide array of tools and features such as trade verification, chat rooms and a rich library of educational material.
How do I define 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 traders with experience to keep track of their performance through the use of sophisticated analytics tools. Offering users a broad range of resources for communication and trade, it helps traders from all walks of life connect with one another. It offers gurus with an opportunity to invest in the right areas that the site. Imagine it as a social media site akin to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time during his interview for Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on showing every trade, something that was never done before.” The idea Sykes said 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 everyone on the platform to learn from both losses and wins to benefit the industry of trading. Profily U
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of features and services aimed toward achievement. You may set up an account on the site at no cost, however you’re limited to access to the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money to see what stocks the experts are trading in real time You’ll need to subscribe to any of Profit.ly’s offers, which we will discuss in the near future.
Setting up an account is simple: Create an account with your experience and expertise, connect to your brokerage account, and you’ll be given an opportunity to make your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, 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 show value to a group of traders. You are also able to use Profit.ly to buy with a professional with the confidence that you are confident of their knowledge and the veracity of their claims.
If you are unsure about the idea of sharing the details of your broker account then you could choose to publish your trades, either verified or not, via screenshots. Included in Profit.ly are a variety of courses in trading as well as the ability to look at statistics on a person’s profile and other methods to connect with your gurus through the chatroom along with 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 trading guru who is famously known for his involvement in the penny-stock market. According to Investopedia, a penny stock is a small business’s stock that trades for just less than 5 cents per share. The trading of penny stocks is an opportunity for small-scale businesses to make the transition to a market that is larger as it gives them access to funds from the public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes is sure to reveal thanks to his years of experience.
Beginning in the latter years of high school, Tim Sykes has, since then, made an estimated $6 million profits throughout his illustrious career as trading professional. At the age of 25, he had been given greater exposure and a larger reach of influence as a participant in the reality TV show “Wall Street Warriors.” He then used the opportunity to develop trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of openness, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education tools, trade alerts and other useful stuff offered by the in-house experts of the platform. These gurus refer to the trading experts who have proven to make substantial profits through their years of expertise. Profily U
At its height, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise in the field of trading. Some of the most famous experts were 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 this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll be able to observe him focus on basic stock catalysts and employ them to anticipate the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS and Android devices, text, e-mail and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 for a month this is a great option for those who are more involved in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in the previous plan, such as swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos and new videos released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “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 all-time trading profits. Profily U
The Superman Alerts package is his package of vital features and trading alerts targeted towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to an extensive base of knowledge provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. On top of that you’ll also gain an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of tools to get you up and running. Profit.ly offers three membership tiers, each designed for traders with different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. Once you have signed to this plan you’ll be provided with a variety of powerful and indispensable trading tools, all of them integral in keeping your fingers on what can describe as a cutthroat process in and of itself.
Some of the features you can do with Profit.ly’s Novice package include the ability to verify trades and track profits; leading, following and even chatting with your fellow traders; and providing feedback on trades today. You can also get onto leaderboards; study, sort, or filter the trades you make and, lastly, view other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re looking to get the benefit of this service, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to take advantage of the majority of features available in The Novice package. It is in this plan that you can set up an individual profile that allows you for sharing with fellow associate users all the insights and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to harness their expertise in trading. While it’s nice, there is one significant feature that is missing. As opposed to the prior Novice package, you will not be able to view other traders’ statistics this might be a drawback for those anticipating this level. Profily U
Pro Plan
This is by far the most expensive plan Profit.ly offers to experienced traders. With $74.95 each month which includes an additional 22% discount when billed annually This plan offers it all. You get full, no-holds-barred access to all features from the two previous plans.
You’re not only able to see other users’ stats as well, you’re also offered the opportunity to create a private profile. These two features are on top of all the advantages you’ll be able to use to the fullest potential. If you’re looking for an option that gives you everything you need as trader with experience, the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly provides a variety of more services it has to provide. One of those is its online store, where customers can pick from a range of instructional videos that are designed to inform and guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other related to trading, videos and clips taken from The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s variety of features and services. You may be familiar with the concept of the chat room since you can find it throughout social and messaging platforms, as well as some specialty websites that offer live chat assistance. But on Profit.ly it’s seen as a place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members there. One of them may be more laid back and not very often engaged, while another could be more active and in touch with their students. Consider chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock trader types, from novices to the most experienced. Given the wide range of options it can provide it is certain to have something for every person.
Beginners, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. In addition, they will get daily videos and chat room advice from its in-house gurus and members. They’ll also be able pick from the merchandise available in its online store for them to take wherever they go. Additionally, they can gain practical experiences by trading through the platform, but ultimately they’ll realize that this is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have many years of experience down the line, we believe Profit.ly equally suitable to them as the newcomers. While novice traders may not be as proficient in managing trading but the experts already know how it works and the risky mix that come with it. Ideally, they may make use of Profit.ly’s variety of features to their full advantage to enhance their trading skills. Like novices, they can learn from the top experts as well as experts, and take advantage of quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are at an equal level with Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their expertise to other traders as a way to help assist them in the ever-changing trading process. Profily U
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You’ll receive excellent training and tips from the inside experts, as well as collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates – there truly is something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could be too much for most of its users
- Since traders can choose to make any type of trade, there is an opportunity that some them could profit from cherry-picking the best trades to improve their ratings This could be a problem that shouldn’t be ignored.
- Profit.ly does not offer refunds, as its premium users are expected to immediately take advantage of the numerous features the platform is able to offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could think of an answer to this question, it’s yes. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t meant to be designed for this reason. Instead, you need to have curiosity. Profily U
What we mean”yes” is that it can be a great learning tool. For those who are struggling, they may find Profit.ly’s variety of resources to be helpful in their efforts to incur lesser losses and be more successful than they did before. It’s not just the struggling traders who will benefit from this platform. It is able to accommodate novices and even experts!
If you truly care about being more successful in trading and would like to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Profily U
What are the best ways to use Profit.ly to post your trades?
Profit.ly has a trade entry portion within the ‘My Trade section of the dashboard that lets you record your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
How do I know whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s an excellent chance that it is verifiable. This is indicated with the small blue check. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the chance of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities on the stock market all over the world.
