Stock trading is a high-stakes game. On some days, you may have the benefit of positive and satisfying numbers. On other days you may experience the opposite, and it may sometimes be very difficult to return to where you were at your best. If you’re immersed in the water You will need be aware that relying solely on instinct and survival may not always be enough.
If you’ve suffered occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe, which is why we’ve found an online platform that will help you in your growth in the industry. We’ll be taking a look at Profit.ly, a well-recognized 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.Ly Reviews
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of various levels to be informed responsible, transparent, and uplifting with each other by offering a wide range of features and tools like chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a training and learning platform for people new to trading and as a hub for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. Providing users with a wide range of resources to facilitate trade and communication and letting traders from all walks of life network with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Imagine it as a social media site akin the likes of Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the trades are authentic and won’t tolerate inauthenticity as much as possible. It was established years ago by the penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his appearance in Forbes publication, Sykes declared that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which has never been previously done.” This idea was, he said, serving two objectives: one) making public records for everyone, not just the experts, but also the students and newsletter writers, and 2) making it possible for anyone on the platform to learn from both losses and wins for the trading industry’s benefit. Profit.Ly Reviews
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of services and features geared toward the success of their business. You may set up an account there at no cost, however you’re only limited to having access to the leaderboard and observe the actions of non-gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s deals that we’ll discuss in the near future.
The process of opening an account is simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account and you have yourself an opportunity to make your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a glimpse of their performance as a trading group as well as its gurus. It’s not only a chance to prove value to a community of traders, as you can also utilize Profit.ly to purchase from a guru with the assurance that you’re confident in their skills and the credibility of their assertions.
If you are unsure about the idea of sharing information about your account with a brokerage, then you could opt to post your trades, whether verified or not, by taking pictures. Also included in Profit.ly is the huge selection of trading classes, the ability to view statistics on a person’s profile as well as other ways to communicate with your gurus in 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 guru who is famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small company’s stock which trades at under $5 for each share. The penny stock market is an opportunity for small businesses to transition to a market that is larger as it allows them to access capital from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes is sure to reveal through his many years of expertise.
Beginning at the end of his time in high school, Tim Sykes has, since then, made an estimated $6 million profits through his lengthy career as a trader. At the age of 25 Tim Sykes had received greater exposure and a larger impact when he was a part of the reality series “Wall Street Warriors.” He made use of the show to develop trading rooms, penny stock themes, and educational material aimed at people who are brand new to the trading field. He also helped establish Profit.ly as a platform for openness, and for the community to uplift and compete 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 trading experts who have earned significant amounts of profit from their combined years of knowledge. Profit.Ly Reviews
At its peak, Profit.ly had housed up to five gurus, each of them an expert within their particular field in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, however, only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll observe him focus on fundamental stock catalysts and use them to forecast the next possible moves in making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS and Android devices, texts, emails 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 program. Priced at $149.95 monthly, it is a great option for those who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features found in the previous plan, including swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Profit.Ly Reviews
The Superman Alerts plan is an offering of essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have access daily premarket stock watchlist along with the mobile app, the daily market updates in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base that is provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. Additionally, you’ll also get access to premium research reports as well as an IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership levels, each designed for traders at 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 basic plan that is designed specifically for people who are brand new to the world of trading. Once you have signed up for this plan, you will be immediately offered a range of strong and essential trading tools, each one of them essential in keeping your hands on what we call a competitive process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to verify trades and track profits; leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. You’re also allowed to get onto leaderboards; study, sort, and filter your trades and lastly, look at other’s stats.
The Novice plan costs $29.95 per month. Although it looks attractive for the price alone but there’s a disadvantage. You aren’t able to create a personal profile, thus making your personal information public. If you’re interested in gain the benefit of this service, 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 plan. It is in this plan that you can set up an individual profile that allows you for sharing with fellow associate users all your knowledge and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to harness their skills in trading. While it’s nice however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, you won’t be able to see the statistics of other traders, which could be a disadvantage for some who may be looking forward to this tier. Profit.Ly Reviews
Pro Plan
This is by far the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 each month which includes a 22% discount for annual billing the Pro plan has it all. You will have full, unrestricted access to all the features of the previous plans.
Not only do you get to look at other people’s statistics, but you’re also given the chance to create your own private profile. These two features are plus the other benefits that you can 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 training tools and the Leaderboards Profit.ly provides a variety of more services it has to offer. One of them is the online store, where customers can pick from a range of instructional videos that are that are designed to educate and guide you through the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and footage from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of features and services. You’re probably familiar with the concept of the chat room as you can see it across social and messaging platforms, in addition to a few special websites that provide live chat support. But in Profit.ly the chat room is viewed as a hands-on area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the members. Some may be more laid back and rarely active, while another might be more interactive and online in their interactions with students. Consider chat rooms as Profit.ly’s version of the forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features cater to a large variety of stock traders, from beginners to experienced pros. With the variety of deals it offers it is certain to have something for all.
Newbies, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. They will also be enriched with weekly videos and chat room advice by its internal gurus and their members. They’ll also be able pick from the merchandise available on its store online to carry with them wherever they may travel. You can also get hands-on experiences by trading through the platform, but eventually they’ll be able to realize that trading is a high stakes game that shouldn’t be treated as a joke.
For the traders with decades of experience in the line, we see Profit.ly as equally as suitable for them as it is for the newcomers. While novice traders may not be as adept at handling trading matters, the pros already understand how it works along with the stack full of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s array of features to their best advantage to enhance their trading skills. Like beginners, they can study from the gurus and experts and utilize those simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the fun! Trade professionals who are on 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 in order to guide them through the ever-illustrious trading process. Profit.Ly Reviews
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You will be provided with excellent lessons and tips from the in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and dependable trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices – there truly is something for everyone
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its customers
- Since traders can choose to post any kind of trade, there is a possibility that some of them could profit from picking the most profitable trades to increase the rating This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds as its premium users will immediately take advantage of the numerous features the platform is able to offer
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we were able to come up with the answer, it would be yes. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform was not always intended to be created in this way. Instead, it is best to keep curiosity. Profit.Ly Reviews
What we do mean”yes” is that it is a fantastic learning tool. Those who may be stuck could be able to find Profit.ly’s array of resources to be helpful in their efforts to reduce losses and perform better than before. It’s not only the struggling traders who will benefit from this platform. It can accommodate beginners and even experts!
So, if you genuinely care about being a better trader and want to be taught by your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Profit.Ly Reviews
How do you use Profit.ly to make your trades public?
Profit.ly has a trade entry portion in the My Trade section of the dashboard. It lets you record your trades, verifiable or otherwise. You may choose between 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 transactions
What can I do to determine if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there’s a high likelihood that it can be verified. This is evident by the small blue check. If you submit it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unverified trade is the possibility of receiving negative feedback from fellow peers. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just looking to earn maximum profits but also help each other learn and improve in acquiring stock market opportunities all over the world.
