Stock trading can be an extremely risky game. Some days, you might have the benefit of pleasing and positive numbers. On other days, however it could be the reverse and it can be extremely difficult to return to where you were your most productive. If you are immersed in the water You will need to recognize that relying on instinct and survival is not always enough.
If you’ve experienced occasional losses You’ll need solid advice from seasoned 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 a platform that can support you in your growth within the field. This review will take an in-depth look at Profit.ly is a well-known single-stop social platform to trade!
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 Profit And Loss Statement
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 permits traders of different levels to be informative, transparent, accountable, and uplifting with each other through its broad array of tools and features such as trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for traders who are just beginning their journey and also as a platform for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Offering users a broad variety of tools to facilitate trade and communication and letting traders from every field of business connect with each other. It offers gurus with worthy investments within the boundaries that the site. Consider it the social media equivalent to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as it is possible. It was established years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which has never been prior to.” This idea Sykes said served two purposes: 1) keeping track of public data for everyone, not just the experts as well as students and newsletter writers and secondly) giving all users to gain insight into both the wins and losses to the benefit of the trading industry. Profit And Loss Statement
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of tools and services that are geared toward achievement. It is possible to create an account on the site at no cost, however you’re only limited to having access to the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time it is necessary to sign up to one of Profit.ly’s deals, which we will discuss in the near future.
Setting up an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you have yourself a chance to shoot through at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users a glimpse of how the community of traders performs as well as its experts. It’s not only a chance to prove your worth to a group of traders, but you are also able to use Profit.ly to purchase with a guru, and have the confidence that you are confident with their expertise and the legitimacy of their claims.
If you are unsure about the idea of divulging information about your account with a brokerage, you can opt to post your trades, either verified or not, via pictures. Included in Profit.ly are the vast number of trading courses as well as the ability to look at stats in a trader’s profile, and more ways to connect with your gurus through the chatroom 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 trading personality who is famously known for his efforts in penny stock trading. According to Investopedia Penny stock refers to a small company’s stock which trades at less than $5 per share. The trading of penny stocks is an avenue for small businesses to transition into a larger market because it allows them to access capital from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes will be able to tell you through his many years of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as trading professional. When he was 25 years old Sykes was given more exposure and a wider influence over time as a participant in the reality show “Wall Street Warriors.” He took advantage of it to establish trading rooms, penny stock themes, and educational material aimed at people who are brand new to the trading field. He also helped to establish Profit.ly as a place of 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 most appealing features is the variety of education sources, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to the experts in trading who have proven to make significant amounts of profit from their collective years of experience. Profit And Loss Statement
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise within the world of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this 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. When we take that into account we’ll take a look at the packages each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll be able to observe him focus on basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS as well as Android devices, texts, emails 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, with an upgraded version of Tim’s Alerts package. At $149.95 for a month this is a great option for those who are committed to the penny-stock market. Pennystocking Silver includes all the basic features that were included in prior plans, which includes alerts for swing trading and access to a collection of more than 7,000 educational videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Profit And Loss Statement
The Superman Alerts plan is an offer of the most essential features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile app, daily market commentary in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and 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 the growing collection of previous lessons. In addition, you’ll also get an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership tiers, each designed for traders with different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. When you sign up for this package you’ll be given a slew of robust and vital trading tools, all of which is essential to keep your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can do with Profit.ly’s Novice program is the capability to check trades and track profits; leading, following, and even messaging your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze your trades, sort as well as filter trades; and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price however, there’s a drawback. You can’t create a private account, making your actions public. If you’re interested in have access to this feature, 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 set up a private profile for sharing with fellow associate users all the insights and intel in the trading community.
The price is $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to harness their expertise in trading. Although it’s a nice thing, there is one significant element that’s missing. Unlike the previous Novice package, you will not be able view other traders’ statistics this could be a disadvantage for those looking forward to this tier. Profit And Loss Statement
Pro Plan
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. At $74.95 each month which includes 22% off for annual billing This plan offers everything. You get full, no-holds-barred access to all the features of the previous plans combined.
You’re not only able to look at other people’s statistics as well, you’re also offered the opportunity to create your own private profile. Both of these features, plus the other benefits that you can use to the fullest potential. If you’re looking for an account that will give you with everything you require as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the trainer tools and leadersboards Profit.ly has a few more services it has to provide. One of those is its online store, which allows users to select from a variety of instructional videos that are created to help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be immediately purchased for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, and all other related to trading, videos and footage of events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are as well part of Profit.ly’s array of services and features. You may be familiar with the concept of the chat room as you can find it throughout messaging and social platforms, and also on a few specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a place where gurus and their members trade and learn in real time. Every guru has their own style when it comes to running their chat room and dealing with the members. One might be more laid back and less active, while another may be more interactive and online to their pupils. Think of the chatrooms as Profit.ly’s version of a forum, in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock trader types, from beginners to experienced pros. Given the wide range of options it can provide it is certain to have something for all.
Newbies, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. In addition, they will get daily videos and chat room tips by its internal gurus as well as their members. They’ll also be able choose from the items in its online store for them to take wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, but ultimately, they will soon learn that trading is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For the traders with decades of experience in the line, we see Profit.ly as equally as suitable to the newcomers. While novice traders may not be as adept at handling trading matters, the pros already understand the way it functions and the plethora of risks that it carries. It is ideal to make use of Profit.ly’s range of features to their full advantage to improve their trading abilities. As beginners, they are able to learn from the top experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature 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 at similar levels to Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to guide them through the ever-illustrious trading process. Profit And Loss Statement
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ platform for trading stocks allows traders across the globe with tons of learning, communication, and trading tools
- You’ll receive excellent training and advice from the company’s inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach 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
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for a lot of its customers
- If traders decide to make any type of trade, there’s a possibility that some of them could profit from selecting the best trades in order to improve their ratings – this may be a concern that should not be overlooked.
- Profit.ly does not accept refunds, as its premium users will immediately benefit from the number of services the platform has to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
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 the platform should not be used as a scheme to get rich quick. The platform was not always meant to be designed in this way. Instead, you need to have the ability to think with an open heart. Profit And Loss Statement
What we are referring to”yes” is that it could be a useful learning tool. For those who are struggling, they might discover Profit.ly’s variety of resources to be helpful in their efforts to reduce losses and be more successful than before. Not only poor traders that can benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be more successful in trading and would like to learn from your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic option to begin.
FAQ Profit And Loss Statement
What are the best ways to use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries under the My Trade category on the dashboard. It allows you to post your trades, verifiable or not. There are three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
How can I tell whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s a high likelihood that it can be verified. This is indicated with the small blue check. If you submit it manually or through pictures, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of receiving negative feedback from fellow peers. A large number of downvotes could cause you to show up in the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still available?
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 app version is compatible with most working smartphones and tablets.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, as they not only are seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market all over the world.
