The stock market can be an exciting game with high stakes. On certain days, you might enjoy the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen and it could be extremely difficult to get back to where you were your peak. If you find yourself immersed in the water it is important to realize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring loss from time to time, you’re gonna be needing sound advice from tried-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 discovered an option that can help you in your growth within the field. In this review, we’ll take the time to look at Profit.ly A well-respected 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Profit Vs Non Profit
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 allows traders of various levels to be knowledgeable, transparent, accountable, and uplifting with one another through its 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 site for trading that functions as a learning and training platform for people new to trading as well as a place for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. It provides users with a vast range of resources for trade and communication that help traders from all walks of life network with one another. It gives the gurus worthwhile investments within the confines of this platform. Consider it the social media equivalent like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The platform for trading is built on transparency and honesty: it guarantees that the trades are authentic and won’t allow for fraud as much as it is possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes publication, Sykes stated that Profit.ly was motivated by its focus “on the transparency of the entire spectrum of trades, something which was never previously done.” The concept Sykes said served two goals: 1.) keeping track of public data for not just the gurus as well as newsletter authors and students as well as) giving all users to learn from both the wins and losses to the benefit of the trading industry. Profit Vs Non Profit
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of tools and services that are geared towards achieving success. You can create an account on the site for free, but you’re only given the ability to navigate through the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s offers, which we will review in the coming days.
Making an account simple: Create an account with your experience and expertise, connect to your brokerage account and you’ll be given an opportunity to make through high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a look at how the community of traders performs and its gurus. It’s not only a chance to show your worth to a community of traders, as you can also use Profit.ly to buy with a professional with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you are unsure about the idea of sharing the details of your broker account then you could decide to share your trades, whether verified or otherwise, through screenshots. In Profit.ly is the huge selection of trading classes and the capability to see statistics on a person’s profile, and more ways to communicate with your gurus in the chatroom, in addition to 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 personality who has been famously known for delving his hands into the penny-stock market. According to Investopedia, a penny stock refers to a small company’s shares that trade for just less than 5 cents per share. Penny stock trading could be viewed as an opportunity for small companies to move into a larger market because it allows them to access money from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes can surely tell because of his decades of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, made more than $6 million in earnings throughout his illustrious career as trader. At the age of 25, he had been given greater exposure and a larger influence over time when he was a part of the reality show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of openness, 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 amazing features is the wide range of education tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. These gurus refer to the experts in trading who have earned significant amounts of profit through their years of experience. Profit Vs Non Profit
At its peak, Profit.ly had housed up to five gurus, each of them a professional within their particular field in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this 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. In light of that, let’s take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll be able to observe him focus on fundamental stock catalysts and use them to predict the next move that is possible when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS as well as Android devices, as well as 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. It costs $149.95 for a month it is the perfect plan for investors who are involved in investing in penny stocks. Pennystocking Silver comes with all the standard features of prior plans, including swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos and new videos released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in trading profits. Profit Vs Non Profit
The Superman Alerts package is his offering of essential features and trading alerts geared to those interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile app, daily market commentary in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to the extensive knowledge base provided by Superman himself through his Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. On top of that, you’ll also get an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and make a mark on the field, Profit.ly has the right amount of resources to get you going. The platform offers three membership levels that cater to 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 entry-level plan designed especially for people who are brand new to the world of trading. When you sign up for this package you’ll be given a slew of robust and indispensable trading tools, all of them integral in keeping your hands on what we could call a ruthless process in and of itself.
Some of the features you can do with Profit.ly’s Novice package include the capability to check the results of your trades and track profit and follow-up, leading and even chatting with your fellow traders; and leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze your trades, sort and filter your trades; and, finally, see other’s stats.
The Novice plan is $29.95 per monthly payment. Although it might look appealing just by the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re looking to get the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in The Novice package. This plan allows that you can set up an individual profile that allows you for sharing with fellow associate users all your knowledge and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to develop their trading skills. While it’s nice however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to see the statistics of other traders, which could be a disadvantage for some who may be eager to try this new tier. Profit Vs Non Profit
Pro Plan
This is by far the highest premium package that Profit.ly could offer for seasoned traders. With $74.95 each month with 22% off for billing annually This plan offers it all. You will have full, unrestricted access to all features from the two previous plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the option of creating an individual profile. Both of these options, in addition to the benefits that you can use to their fullest capacity. If you’re looking for a plan that can serve all the features you need to be trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly offers a number of more services it has to provide. One of those is its 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. The products listed on this page of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and other aspects of trading. There are also clips and scenes of The Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s variety of features and services. You are probably familiar with the chat room as you will see it on social and messaging platforms and also on a few specialty websites that provide live chat support. But in Profit.ly it’s seen as a real-time place where gurus and their members trade and learn in real time. Every guru has their own way when it comes to running their chat room and dealing with the members there. One might be a laid-back person who is not very often active, while another may be more online and communicative to their pupils. Consider 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 cater to an array of stock traders, from beginners to experienced pros. With the variety of deals it can provide this platform definitely has something for everyone.
Beginners, for instance, will enjoy Profit.ly’s library of learning information available on the platform. They will also be provided with videos every week and chat room advice from the in-house experts and their members. They’ll also be able to pick from the merchandise available from its online store for them to take wherever they may travel. Additionally, they can gain practical experience trading on the platform, but ultimately 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 many years of experience down the road, we consider Profit.ly equally suited for them as it is for people who are just beginning. Although the novices might not be as adept at dealing with trading issues but the experts already know the way it functions and the plethora of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s variety of options to their maximum advantage to develop their trading skills. Like novices, they can learn from the experts and experts , and use those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the excitement! Those in the trading industry who are at an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to help navigate them through the ever-changing trading process. Profit Vs Non Profit
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” stock trading platform enable traders across the globe with tons of learning, communication, and trading tools
- You get to be taught by experts and insights from its 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 by using accurate data and fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their needs, like posting unverifiable trades through screenshots
- Profit.ly’s wide array of packages and subscription levels are priced at a reasonable cost There’s something for every person
The Cons
- Profit.ly’s bountiful stream of packages and services offered could not be enough for a lot of its users
- If traders decide to make any type of trade, there’s the possibility that some of them may take advantage by selecting the best trades in order to improve their ratings – this may be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds because the premium customers will immediately benefit from the many services that the platform can provide
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The Final Concluding Question: Is Profit.ly Valued?
If we could come up with the answer, it would be yes. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always intended to be created for this reason. Instead, you should have an open mind. Profit Vs Non Profit
What we mean”yes” is that it could be a useful learning tool. People who are stuck may discover Profit.ly’s array of resources to be helpful in their efforts to reduce loss and perform better than they did before. It’s not just the struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
If you truly desire to be more successful in trading and would like to learn from your fellows and gurus on the way, take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Profit Vs Non Profit
How can you make use of Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries within the “My Trade category on the dashboard. It lets you record your trades that are verified or not. There are three choices:
- Linking your account to the brokerage of choice and then importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine whether the trade can be verified or not?
If you buy your trade through a reliable brokerage, there’s an excellent chance that it is verifiable. This is shown by the blue check mark. If you post it manually or through screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to show up in 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 the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders because they are not just trying to maximize profits 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.