The stock market can be an exciting game with high stakes. On certain days, you might be reaping the benefits of pleasing and positive numbers. On other days, however you may experience the opposite, and it may sometimes be very difficult to return to where you were your best. If you find yourself immersed in the water it is important to realize that relying on pure instinct and preservation might not be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. You’re also gonna need an important boost from trading partners from all over the world, which is why we’ve found a platform that can support you in your improvement in the industry. This review will be taking an in-depth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profit Versus Cash Flow
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be informed, transparent, accountable, and encouraging one another through its wide variety of tools and features like chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site that serves both as a learning and education platform for those who are just beginning their journey and as a hub for experienced traders to track their performance with the help of cutting-edge analytics tools. Providing users with a wide range of resources to facilitate trade and communication and letting traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines that the site. Consider it an online social media platform similar to Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are valid and won’t accept fake news as long as it is possible. It was created in the past by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes publication, Sykes declared that Profit.ly was based “on the transparency of all trades, something that was never prior to.” The idea, he added, served two objectives: one) making public records for not just the gurus as well as newsletter writers and students and secondly) making it possible for anyone on the platform to be enlightened by both the wins and losses to the benefit of the trading industry. Profit Versus Cash Flow
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to gain access to a multitude of tools and services that are geared toward achievement. You may set up an account at no cost, however you’re only given the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time, you will need to join one of Profit.ly’s deals, which we will discuss in the near future.
The process of opening an account is simple: Create an account that includes your personal information and expertise, connect your brokerage account, and you’ll have a chance to shoot your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a glimpse of their performance as a trading group as well as its experts. It’s not just a way to prove your worth to a community of traders. You can also utilize Profit.ly to purchase from a guru with the confidence that you are confident of their knowledge and the veracity of their claims.
If you’re not comfortable with the idea of divulging your brokerage account, you can decide to share your trades, either verified or otherwise, through photographs. Included in Profit.ly is the huge selection of courses in trading, the ability to view stats in a trader’s profile and other methods to communicate with your gurus through the chatroom in addition to text and e-mail alerts and updates.
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Meet 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 Penny stock refers to a small company’s shares that trade for under $5 for each share. The trading of penny stocks is an opportunity for small businesses to transition to a large marketplace as it gives them access to funds from the general public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, made more than $6 million in profit during his long and successful career as a trader. At 25 years old Tim Sykes had received greater exposure and a larger impact as a participant in the reality show “Wall Street Warriors.” He then took advantage of it to create trading rooms, penny stock themes, and educational material aimed at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a platform for openness, and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the experts in trading who have proven to make substantial profits through their years of knowledge. Profit Versus Cash Flow
At its height, Profit.ly had housed up to five gurus. Each of them an expert within their particular field in the trading industry. Some of the most 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 the platform: the 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 look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you will observe him focus on basic stock catalysts and employ them to anticipate the next move that is possible when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile application that is available to iOS as well as 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 version that has been upgraded of the Tim’s Alerts program. It costs $149.95 for a month this is an ideal plan for those who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in prior plans, which includes swing trading alerts and unlimited access to a collection of more than 7,000 educational videos, with new ones released weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Profit Versus Cash Flow
The Superman Alerts plan is his offer of the most essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket as well as the mobile application, daily market commentary shown in real time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base of information provided by Superman himself, via the Superman Pro package. Alongside the standard features included in the Alerts package, Superman Pro gives you daily video lessons, which include a growing library of all other previous ones. In addition, you’ll also get the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
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 started. The platform offers three membership tiers that are designed to accommodate traders with different levels. Let’s take a look at what these three are and how much they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the trading world. As you sign up for this plan you’ll be provided with a variety of powerful and essential trading tools, all of which is essential to keep your hands on what we call a competitive process by itself.
Some of the features you can do with Profit.ly’s Novice package is the ability to verify trades and track profits and follow-up, leading and even texting other traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze the results of your analysis, sort, as well as filter trades and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per month. Although it looks attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, which makes your actions public. If you’re looking to gain access to this feature, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to use the majority of features available in The Novice package. In this plan, that you can create an account that is private 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 develop their trading skills. Although it’s a nice thing but there’s one important aspect that’s not included. As opposed to the prior Novice package, you will not be able to view the statistics of other traders that might be a drawback for those who are eager to try this new tier. Profit Versus Cash Flow
The Pro plan is the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 each month with a 22% discount for billing annually, this tier has everything. You get full, no-holds-barred access to all the features of the previous plans combined.
You’re not only able to see other users’ stats and data, but you also have the chance to create an individual profile. These two features are plus the other advantages you’ll be able to use to their fullest capacity. If you’re in search of an account that will give you everything you need as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly provides a variety of other services they offer. One of those is its online store, where customers can choose from a wide array of video products that are designed to educate and provide guidance on the ins and outs of trading. All of the products featured on this page of the site can be bought immediately for your personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and footage taken from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You are probably familiar with the chat room since you will see it on social and messaging platforms, as well as some specialty websites that offer live chat support. But on Profit.ly it’s seen as a space where experts and their member traders can communicate and exchange knowledge in real-time. Each guru has their style in running their chat rooms and in dealing with the members there. One of them may be more laid back and rarely active, while another may be more active and in touch with their students. Think of the chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock traders, ranging from novices to experienced professionals. Considering the number of offers it offers, the platform surely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based information available on the platform. They will also be provided with videos every week and chat room advice from its in-house gurus and their members. Additionally, they can pick from the merchandise available in its online store that they can take with them wherever they may go. You can also get hands-on experiences from trading within the platform, but ultimately, they will soon learn that the process is a high stakes game that shouldn’t be taken as an amusing pastime.
For those traders who have had years of exposure down the line, we see Profit.ly equally suited to those who are just starting. While novice traders may not be as proficient in managing trading but the experts already know the way it functions and the risky mix that it carries. In the ideal scenario, they can make use of Profit.ly’s variety of features to their full advantage to develop their trading skills. Like novices, they can learn from the experts and experts , and use those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others in order to assist them in the ever-changing trading process. Profit Versus Cash Flow
Profit.ly’s Pros and Cons
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with an abundance of knowledge communications, trading, and communication tools
- You will be taught by experts and advice from the company’s inside experts, as well as libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and authentic trader
- Apart from its core features, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices – there truly is something for every person
- Profit.ly’s abundance of packages and services offered could not be enough for most of its customers
- If traders decide to make any type of trade, there is the possibility that some of them may take advantage by cherry-picking the best trades to boost their rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as its premium users are expected to immediately benefit from the number of services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could come up with the answer, it would be a ‘yes’. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally meant to be designed to achieve this goal. Instead, you need to have curiosity. Profit Versus Cash Flow
What we mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they may discover Profit.ly’s array of resources helpful as they do their best to incur lesser loss and perform better than they did before. It’s not only the struggling traders that will benefit from this platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become better at trading and wish to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly is a fantastic choice to start.
FAQ Profit Versus Cash Flow
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers the option of allowing trade entries within the “My Trade category on the dashboard. It lets you record your trades, either verified or not. There are three choices:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Send a screen shot of your trades
How do I know whether the trade can be verified or not?
If you purchase your trade from a reputable brokerage, there’s the probability that it’s verifiable. This is indicated with the blue check mark. If you submit the information manually or via images, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of getting downvotes from your friends and colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where users can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also assist each other to grow and learn more about acquiring opportunities in the stock market all over the world.