Stock trading is a high-stakes game. Some days, you may have the benefit of positive and satisfactory numbers. On other days, however it could be the reverse and it could be extremely difficult to get back to the point you were at your best. If you are always in the mud, you will have to realize that relying on pure instinct and preservation may not always be enough.
If you’ve experienced loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the globe. That’s why we’ve discovered a platform that can support you in your growth in the industry. We’ll be taking the time to look at Profit.ly is a well-known 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Profily Veka
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of various levels to be knowledgeable responsible, transparent, and to build relationships with each other through its broad variety of tools and features including chat rooms, trade verification and a rich library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for traders who are starting out as well as a place for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. It provides users with a vast variety of tools to facilitate trade and communication that help traders from all walks of life network with each other. It gives the gurus worthwhile investments within the confines of this platform. Think of it as a social media site akin the likes of Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the transactions are legitimate and will not allow for fraud as much as possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview for Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never prior to.” The concept Sykes said served two goals: 1.) making public records for everyone, not just the experts, but also the newsletter writers and students and secondly) giving all users to learn from both the wins and losses to benefit the industry of trading. Profily Veka
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of features and services aimed towards achieving achievement. It is possible to create an account there at no cost, however you’re limited to the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re interested in investing 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 offerings that we’ll discuss in the near future.
Making an account simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you have yourself the chance to climb through high on the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users an insight into how the community of traders performs and its gurus. You’re not just allowed to show that you’re worthy to the group of traders, as you can also use Profit.ly to shop with a guru, and have the confidence that you are confident of their knowledge and the veracity of their assertions.
If you’re not comfortable with the concept of leaking the details of your broker account then you could decide to share your trades, either verified or otherwise, through screenshots. 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 as well as other ways to communicate with your gurus through the chatroom in addition to 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 involvement in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at under $5 for each share. The penny stock market could be viewed as a stepping stone for small-scale businesses to make the transition into a larger market because it allows them to access funds from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes will be able to tell you thanks to his years of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider influence over time when he became part of the reality TV show “Wall Street Warriors.” He then took advantage of it to create trading rooms as well as penny stock themes and educational content geared toward people who are brand new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency and to allow the community to rise and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of education tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the trading experts who have earned significant amounts of profit from their collective years of experience. Profily Veka
At its height, Profit.ly had housed up to five gurus, all of them an expert in their niche in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few 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. With that taken into consideration we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 per month, you’ll observe him focus on fundamental catalysts for stocks and utilize them to forecast the next possible moves in trading.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS as well as Android devices, as well as text, e-mail, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. Priced at $149.95 per month, this is an ideal plan for those who are more committed to investing in penny stocks. Pennystocking Silver includes all the basic features found in the previous plan, including alerts for swing trading and access to an extensive library of over 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Profily Veka
The Superman Alerts plan is his package of vital features and trading alerts geared to those interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket along with the mobile application, daily market updates in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge 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 daily video lessons, which include an ever-growing library of other previous ones. Additionally, you’ll also get access to premium research reports as well as the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to get you going. The platform offers three membership tiers, each designed for traders with different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. When you sign to this plan, you will be immediately given a slew of robust and vital trading tools, each one of them essential in keeping your hands on what we call a competitive process in and of itself.
Some of the features you can do using Profit.ly’s Novice program is the capability to check the results of your trades and track profit and follow-up, leading and even texting your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards; analyze, sort, and filter your 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, there is a downside. It isn’t possible to create a private account, making your personal information public. If you do want to have access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows users to benefit from the majority of features available in The Novice package. It is in this plan that you are able to create an account that is private to share with fellow associates all your insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to harness their expertise in trading. While it’s nice but there’s one important feature that is missing. In contrast to the Novice package, this one won’t be able to view other traders’ statistics this could be a problem for those who are anticipating this level. Profily Veka
Pro Plan
The Pro plan is the most luxurious package Profit.ly can offer to experienced traders. At $74.95 per month, and 22% off for billing annually This plan offers it all. You get full, no-holds-barred access to all features of the previous plans.
Not only do you get to view other people’s stats, but you’re also given the option of creating a private profile. These two features are in addition to the benefits that you can use to the maximum extent. If you’re in search of an account that will give all the features you need to be an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the training tools and the leaderboards, Profit.ly offers a number of more services it has to offer. One of them is the online store, which allows users to select from a variety of video products created to help you understand the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, as well as all things trading-related, clips and scenes taken from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of features and services. You’re probably familiar with the chat room since you can see it across social and messaging platforms and also on a few specialty websites that offer live chat assistance. However, in Profit.ly, it is seen as a real-time place where gurus and their member traders can communicate and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the members. Some may be laid back and not very often active, while another may be more active and in touch with their students. Think of the chat rooms as Profit.ly’s version of a forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, ranging from beginners to experienced pros. With the variety of deals it has to offer it is certain to have something for every person.
Newbies, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. They will also be provided with videos every week and chat room tips from the in-house experts and their members. They’ll also be able to choose from the items in its online store for them to take wherever they may travel. You can also get hands-on 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 taken as an opportunity to make fun of.
For traders who have many years of experience down the road, we consider Profit.ly equally suited to them as people who are just beginning. While novice traders may not be as proficient in handling trading matters but the experts already know the way it functions and the plethora of risks that come with it. It is ideal to use Profit.ly’s range of features to their best advantage to enhance their trading abilities. Like novices, they can study from the gurus and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the excitement! People in the trade industry who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skill to others in order to assist them in the ever-changing trading process. Profily Veka
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with tons of learning communications, trading, and communication tools
- You will be taught by experts and tips from the in-house gurus, including libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders ready to call you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There is truly something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and products offered may be too much for the majority of its customers
- As traders may opt to post any kind of trade, there’s a possibility that some of them will profit by picking the most profitable trades to boost their rating this could be a concern that should not be ignored.
- Profit.ly does not accept refunds because its premium users will immediately benefit from the number of services that the platform can provide
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The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it would be a ‘yes’. But it is important to realize that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally intended to be created for this reason. Instead, it is best to keep the ability to think with an open heart. Profily Veka
What we are referring to”yes” is that it can be a great learning tool. People who are stuck might be able to find Profit.ly’s array of resources useful in their efforts to incur lesser loss and perform better than they did before. It’s not only the struggling traders who will benefit from the platform. It can accommodate beginners and even experts!
So, if you genuinely care about being more successful in trading and would like to be taught by your fellows and gurus along the way, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Profily Veka
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries within the My Trade’ category of the dashboard that lets you record your trades, either verified or not. There are three choices:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there’s a high probability that it’s verifiable. This is indicated with the small blue check. If you post the information manually or via pictures, it will be classified as unverified.
The downside of having an unauthentic trade is the possibility of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where people are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders as they not only are looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities on the stock market both right and left.
