The stock market can be a high-stakes game. Some days, you might enjoy the benefits of pleasing and positive numbers. However, on other days it could be the reverse and it can be extremely difficult to return to the point you were at your most productive. If you are always in the mud it is important to realize that relying on pure instinct and preservation might not be enough.
If you’ve experienced losses from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your fellow traders from around the world, which is why we’ve found an option that can help you in your growth in the market. This review will take 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profit Versus Margin
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users 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 responsible, transparent, and to build relationships with each other by offering a wide range of features and tools including chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for people who are just beginning their journey and as a hub for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Providing users with a wide variety of tools for trade and communication and letting traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas that the site. Think of it as the social media equivalent the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that transactions are legitimate and will not allow for fraud as much as possible. It was created years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which was never done before.” The concept, he added, served two purposes: 1) keeping track of public data for not just the gurus and newsletter writers and students as well as) allowing anyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Profit Versus Margin
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of services and features geared toward achievement. It is possible to create an account for free, but you’re limited to access to the leaderboard and observe the actions of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s offers, which we will discuss in the near future.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll have the chance to climb your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users an insight into how the community of traders performs as well as its gurus. You’re not just allowed to prove that you’re worthy to the group of traders. You can also utilize Profit.ly to buy with a professional with the assurance that you’re confident with their expertise and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging the details of your broker account then you could decide to share your trades, verified or otherwise, through photographs. In Profit.ly are a variety of trading courses and the capability to see the stats of a trader’s account and other methods to communicate with your gurus in the chatroom, along with notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock is a small business’s shares that trade for under $5 for each share. Penny stock trading is an avenue for small businesses to transition into a larger market because it gives them access to money from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes is sure to reveal through his many years of experience.
From his beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million earnings through his lengthy career as trader. At 25 years old Sykes was given greater exposure and an even wider influence over time when he became part of the reality show “Wall Street Warriors.” He then made use of the show 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 for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational resources, trade alerts, and other useful stuff offered by the company’s internal gurus. The gurus in question refer to the experts in trading who have made substantial amounts of money from their combined years of knowledge. Profit Versus Margin
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise within the world of trading. Some of the most famous experts were 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: the founder and 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 the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS as well as Android devices, email, text and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. At $149.95 monthly, it is the perfect plan for those who are more invested in penny stock trading. Pennystocking Silver includes all the basic features that were included in prior plans, which includes swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos that are updated each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading 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 total trading earnings. Profit Versus Margin
The Superman Alerts package is his package of vital features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist and the mobile application, daily market commentary shown in real time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to an extensive base of knowledge that is provided by Superman himself, via his Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. On top of that, you’ll also get an access to high-quality research papers as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the online trading community and make a mark on the field, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership tiers that are designed to accommodate traders at different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the trading community. When you sign to this plan, you will be immediately given a slew of robust and indispensable trading tools, each of them integral in keeping your fingers on what we can describe as a cutthroat procedure in its own.
Among the list of things you can do with Profit.ly’s Novice package include the capability to check trades and track profits as well as leading, following, and even messaging your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards, analyze, sort, and filter your trades; and, finally, see the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it might look appealing simply because of the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your activities publicly available. If you do want to get the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets you to use the majority of features available in the Novice plan. This plan allows that you are able to create an individual profile that allows you to share with other associate users all your knowledge and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to harness their trading skills. As nice as it seems, there is one significant element that’s missing. In contrast to the Novice package, this one won’t be able view other traders’ statistics that might be a drawback for those eager to try this new tier. Profit Versus Margin
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly offers to experienced traders. With $74.95 per month, which includes a 22% discount for billing annually, this tier has everything. You get full, no-holds-barred access to all options of the previous plans combined.
You’re not only able to look at other people’s statistics, but you’re also given the opportunity to create your own private profile. Both of these features, in addition to the benefits that you can use to their fullest capacity. If you’re looking for an option that gives all the features you need to be trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly has a few more services it has to provide. One of them is the online store, which allows users to pick from a range of video products created to provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the site can be purchased immediately for personal use. Some of these include bestsellers like the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, as well as all things trading-related, clips and scenes of 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 range of features and services. You are probably familiar with chat rooms since you can see it across messaging and social platforms, in addition to a few special websites that provide live chat assistance. But in Profit.ly, it is seen as a real-time area where experts and member traders can communicate and learn in real time. Each guru has their style in operating their chat room and in dealing with the members. One of them may be a laid-back person who is not very often engaged, while another could be more online and communicative to their pupils. Think of the chat rooms like Profit.ly’s version of the forum, in essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock trader types, from beginners to experienced pros. With the variety of deals it has to offer 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. They will also be provided with videos every week and chat room tips from the in-house experts as well as their members. They’ll also be able to 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 will soon learn that the process is a high stakes game that shouldn’t be taken as a joke.
For the traders with years of exposure down the line, we see Profit.ly equally suitable to them as people who are just beginning. While the newbies may not be as proficient in dealing with trading issues, the pros already understand the way it functions and the stack full of risks that it carries. Ideally, they may use Profit.ly’s variety of features to their best advantage to develop their skills in trading. Like novices, they can learn from the top experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skills to others in order to navigate them through the ever-changing trading process. Profit Versus Margin
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with a wealth of education, communication, and trading tools
- You’ll receive excellent training and tips from the in-house gurus, including libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via images
- Profit.ly’s wide array of subscription levels and guru packages are priced at a reasonable cost There is truly something for every person
The Cons
- Profit.ly’s numerous packages and services offered could be too much for a lot of its customers
- If traders decide to open any kind of trade, there is a possibility that some of them may take advantage by selecting the best trades in order to boost their rating This could be a risk that shouldn’t be overlooked.
- Profit.ly will not allow refunds, as its premium users will immediately take advantage of the numerous services that the platform can offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally designed to be used to achieve this goal. Instead, you need to have curiosity. Profit Versus Margin
What we do mean”yes” is it could be a useful learning tool. For those who are struggling, they may find Profit.ly’s variety of resources helpful in their efforts to incur lesser losses and perform better than they did before. It’s not just the struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
If you truly care about being better at trading and wish to be taught by your peers and experts on the way, you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Profit Versus Margin
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes a trade entry portion within the “My Trade section of the dashboard which lets you post your trades that are verified or not. There are three choices:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot of your transactions
How can I tell if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there is the probability that it’s verifiable. This is evident by the blue check mark. If you submit the information manually or via images, it will be assigned as unverified.
The disadvantage of an unverified trade is the possibility of receiving negative feedback from fellow peers. Too many downvotes may cause you to show up on the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many people are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of opportunities in the stock market all over the world.
