Stock trading can be an extremely risky game. On some days, you might be reaping the benefits of pleasing and positive numbers. On other days you may experience the opposite and it could be very difficult to return to the point you were at your best. If you find yourself always in the mud, you will have be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve suffered loss from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from trading partners from all over the globe, which is why we’ve identified an online platform that will help you in your growth in the industry. In this review, we’ll be taking the time to look at Profit.ly A well-respected 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 Versus Wealth Maximization
User Experience: 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be knowledgeable, transparent, accountable, and uplifting with each other by offering a wide range of features and tools like trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site which serves as a training and learning platform for people new to trading as well as a place for traders with experience to keep track of their performance with the help of cutting-edge analytics tools. Offering users a broad array of options for trade and communication, it helps traders from all walks of life connect with each other. It offers gurus with worthwhile investments within the confines of the platform. Consider it the social media equivalent to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was created years ago by the penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been done before.” The concept was, he said, serving two purposes: 1) creating public track records for not just the gurus, but also the newsletter authors and students, and 2) giving all users to gain insight into both losses and wins for the trading industry’s benefit. Profit Versus Wealth Maximization
How Does It Work?
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of features and services aimed toward achievement. You may set up an account there at no cost, however you’re limited to the ability to navigate through the leaderboard and follow the activities of non-gurus. If you’re ready to invest your money in order to find out 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 go over shortly.
Setting up an account is easy: create a profile with your experiences and expertise, connect to your brokerage account and you’ll be given the chance to climb your way up to at the very top of the list. Profit.ly’s leaderboard feature, as we’ve mentioned earlier, is designed to give its users an insight into the performance of the trading community as well as its gurus. It’s not only a chance to prove your worth to a large group of traders. You can also use Profit.ly to buy with a professional with the confidence that you are confident of their knowledge and the veracity of their assertions.
If you’re not comfortable with the idea of sharing your brokerage account, you may opt to post your trades, verified or not, by taking pictures. In Profit.ly are a variety of trading courses, the ability to view stats in a trader’s profile as well as other ways to communicate with your gurus via chatrooms as well as 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 guru who is well-known for his efforts in trades in penny stocks. According to Investopedia Penny stock is a small business’s stock that trades for under $5 for each share. The penny stock market is an avenue for small-scale businesses to make the transition into a larger market because it gives them access to capital from the public. But don’t be mistaken – it can also be an extremely risky game, as Sykes can surely tell through his many years of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, made an estimated $6 million earnings during his long and successful career as trading professional. When he was 25 years old, he had been given more exposure and a wider reach of influence when he was a part of the reality series “Wall Street Warriors.” Then, he took advantage of it to create trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to trading. He also helped to establish Profit.ly as a place of openness, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have proven to make substantial profits through their years of knowledge. Profit Versus Wealth Maximization
At its peak, Profit.ly had housed up to five gurus. Each of them a pro within their particular field in the field 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 the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packaged offers each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast the next possible moves in making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available for iOS as well as Android devices, email, text, and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. At $149.95 per month, it is a great option for those who are committed to investing in penny stocks. Pennystocking Silver comes with all the standard features found in the previous plan, including alerts for swing trading and access to an extensive collection of more than 7,000 educational videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Profit Versus Wealth Maximization
The Superman Alerts plan is an package of vital features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist as well as the mobile app, daily market updates in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base provided by Superman himself, via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. In addition, you’ll also get an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of tools to get you started. Profit.ly offers three membership levels, each designed for traders with different levels. Let’s look at what the three tiers are and how much they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. Once you have signed up for this package you’ll be provided with a variety of powerful and indispensable trading tools, all of which is essential to keep your fingers on what could call a ruthless procedure in its own.
Some of the features you can do using Profit.ly’s Novice program is the ability to confirm trades and track profits as well as leading, following and even texting your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze, sort, as well as filter trades; and, lastly, view other’s stats.
The Novice plan costs $29.95 per month. While it may look attractive simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your actions public. If you do want to get an account with this option, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader plan allows users to benefit from a majority of features from the novice plan. It is in this plan that you can create a private profile for sharing with fellow associates all your insights and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to harness their skills in trading. Although it’s a nice thing but there’s one important element that’s missing. In contrast to the Novice package, this one won’t be able view other traders’ statistics that could be a disadvantage for those who are eager to try this new tier. Profit Versus Wealth Maximization
This is by far the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 per month, which includes an additional 22% discount for annual billing, this tier has it all. You get full, no-holds-barred access to all features from the two previous plans.
Not only do you get to view other people’s stats and data, but you also have the opportunity to create a private profile. These two features are on top of all the advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give all the features you need to be a skilled trader, maybe the Pro plan is for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly provides a variety of other services they offer. One of them is the online store, where customers can select from a variety of instructional videos that are created to guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website is available to be bought immediately for your personal use. Among these products include best-sellers such as the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, as well as all 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 also part of Profit.ly’s array of services and features. You’re probably familiar with the chat room as you can find it throughout social and messaging platforms, as well as some specialty websites that provide live chat support. However, in Profit.ly the chat room is viewed as a hands-on place where gurus and their members can interact and learn in real time. Every guru has their own style in running their chat rooms and dealing with the members. One of them may be laid back and rarely active, while another may be more active and in touch in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features are geared towards an array of stock trader types, from novices to experienced professionals. With the variety of deals it offers this platform definitely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. In addition, they will be provided with videos every week and chat room tips by its internal gurus and their members. They’ll also be able pick from the merchandise available from its online store that they can take with them wherever they may travel. They can also gain hands-on experiences from trading within the platform, but eventually, they will soon learn that this is a risky game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suitable to the newcomers. While the newbies may not be as adept at dealing with trading issues, the pros already understand the way it functions and the plethora of risks that come with it. Ideally, they may utilize Profit.ly’s array of options to their maximum advantage to improve their trading abilities. Like beginners, they can learn from the top experts as well as experts, and take advantage of simple tips and hints to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! Trade professionals who are at the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others in order to guide them through the ever-illustrious trading process. Profit Versus Wealth Maximization
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable it to provide traders everywhere with a wealth of education communications, trading, and communication tools
- You will be taught by experts and insights from its inside experts, as well as collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with precise analytics and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its core capabilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s diverse range of subscription levels and guru packages are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s numerous products and packages offered might be too much for the majority of its users
- As traders may opt to post any kind of trade, there is a possibility that some of them may take advantage by picking the most profitable trades to boost their rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds, as the premium customers are expected to immediately benefit from the number of services that the platform can offer
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The Final Concluding Question is: Is Profit.ly worth it?
If we could come up with an answer to this question, it’s yes. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. 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 Versus Wealth Maximization
What we do mean”yes” is it can be a great learning tool. People who are stuck might find Profit.ly’s range of resources useful as they do their best to avoid losses and perform better than they did before. It’s not just the poor traders that can benefit from this platform. It can accommodate beginners and even experts!
If you really desire to be more successful in trading and would like to be taught by your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly may be a great option to begin.
FAQ Profit Versus Wealth Maximization
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers a trade entry portion under the ‘My Trade section of the dashboard which lets you record your trades, verifiable or not. There are three options:
- Linking your account with your brokerage of choice and then importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you buy your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is shown by the blue check mark. If you post it in a manual way or by taking screenshots, it will automatically be classified 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 cause you to show up on the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile application still available?
As of this writing, Profit.ly is still available to download via the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just trying to maximize profits but also assist each other to grow and learn more about acquiring opportunities on the stock market left and right.