The stock market can be an extremely risky game. Some days, you might be reaping the benefits of positive and satisfying numbers. On other days, however it could be the reverse and it can be extremely difficult to return to the point you were at your peak. If you are constantly stuck in the gutter it is important to realize that relying on your instincts and preserving is not always enough.
If you’ve been incurring loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the world, which is why we’ve identified an option that can help you in your improvement in the industry. In this review, we’ll take a look at Profit.ly A well-respected all-in-one 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 Proceeds
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of all levels to be informative responsible, transparent, and encouraging one another through its wide array of tools and features including chat rooms, trade verification, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a training and learning platform for people new to trading as well as a place for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Providing users with a wide array of options to facilitate trade and communication, it helps traders from all walks of life connect with one another. It also allows gurus to make 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 however it is geared towards experts and traders.
Profit.ly independently validates trade performance and posts all the data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it ensures that the transactions are legitimate and will not accept fake news as long as is humanly possible. It was created in the past by penny stock trade expert and investment guru Timothy Sykes, along with his colleague 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 concept was, he said, serving two goals: 1.) creating public track records for everyone, not just the experts as well as newsletter authors and students and secondly) making it possible for everyone on the platform to learn from the losses and wins to the benefit of the trading industry. Profit Vs Proceeds
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of services and features geared towards achieving achievement. It is possible to create an account on the site for free, but you’re only given access to the leaderboard and follow the activities 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, you will need to sign up to one of Profit.ly’s offerings, which we will discuss in the near future.
Making an account easy: create an account that includes your personal information and knowledge, then connect to your brokerage account, and you’ll be given an opportunity to make through at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously it is designed to provide its users a look at how the community of traders performs as well as its experts. It’s not only a chance to show that you’re worthy to the group of traders, as you are also able to use Profit.ly to purchase with a professional with the assurance that you’re comfortable of their knowledge and the credibility of their claims.
If you are unsure about the concept of leaking information about your account with a brokerage, you may choose to publish your trades, whether verified or not, via pictures. Included in Profit.ly is the huge selection of trading classes as well as the ability to look at stats in a trader’s profile as well as other ways to interact with your experts through the chatroom 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 involvement in penny stock trading. 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 is an opportunity for small-scale businesses to make the transition to a large marketplace as they can access money from the general public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes can surely tell thanks to his years of experience.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, earned an estimated $6 million profits throughout his illustrious career as a trader. At the age of 25, he had been given greater exposure and a larger influence over time as a participant in the reality TV show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a platform for transparency, and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of educational tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have earned substantial profits from their combined years of experience. Profit Vs Proceeds
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise within the world of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing, only two gurus remain on this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you will see him focus on the basic stock catalysts and employ them to predict the next moves that could occur when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS and Android devices, as well as email, text, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. At $149.95 for a month this is a great option for investors who are invested in penny stock trading. Pennystocking Silver offers all the essential features found in earlier plans which includes alerts for swing trading and access to an extensive library of more than 7,000 instructional videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both 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 trading earnings. Profit Vs Proceeds
The Superman Alerts package is his offer of the most essential features and trading alerts targeted to those interested. For $147/month, you’ll get access to the daily premarket stock watchlist as well as the mobile app, daily market commentary shown in real time, and E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus 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 plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. In addition, you’ll also get an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to help you started. The platform has three membership levels, each designed for traders at different levels. Let’s break down what these three levels are and what they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan 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 indispensable trading tools, each of which is essential to keep your hands on what we call a competitive process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze the results of your analysis, sort, as well as filter trades; and lastly, look at other’s stats.
The Novice plan is $29.95 per month. Although it might look appealing just by the price, there is a downside. It isn’t possible to create a private profile, which makes your activities publicly available. If you do want to gain access to this feature, be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package lets you to take advantage of many of the features of the novice plan. In this plan, that you can create a private profile to share with fellow associate users all the insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to develop their expertise in trading. As nice as it seems but there’s one important element that’s missing. As opposed to the prior Novice package, you will not be able to view other traders’ statistics this might be a drawback for some who may be eager to try this new tier. Profit Vs Proceeds
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly can offer to experienced traders. It costs $74.95 per month, and a 22% discount for annual billing This plan offers it all. You get full, no-holds-barred access to all the features from the two previous plans combined.
In addition, you’ll be able to view other people’s stats, but you’re also given the opportunity to create your own private profile. Both of these options, in addition to the advantages that you can utilize to the fullest potential. If you’re in search of a plan that can serve you everything you need as a skilled trader, maybe the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly has a few additional services that it can provide. One of these is its online store, which lets users pick from a range of video products created to help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, as well as all things trading-related, clips and scenes from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of services and features. You are probably familiar with the concept of the chat room since you can find it throughout messaging and social platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly, it is seen as a space where experts and their members trade and learn in real time. Every guru has their own way in running their chat rooms and dealing with the members there. One might be more laid back and rarely active, while another may be more online and communicative in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum in essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock trader types, from beginners to experienced pros. With the variety of deals it has to offer this platform definitely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s collection of educational information available on the platform. Not only will they be provided with videos every week and chat room advice from its in-house gurus as well as their members. They’ll also be able select from the products in its online store that they can take with them wherever they go. You can also get hands-on experience trading on the platform, however they’ll be able to realize that this is a high-stakes game that shouldn’t be taken as an amusing pastime.
For the traders with many years of experience down the line, we see Profit.ly equally suited for them as it is for 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 come with it. In the ideal scenario, they can use Profit.ly’s array of features to their full 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 does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the fun! Those in the trading industry who are on an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to help guide them through the ever-illustrious trading process. Profit Vs Proceeds
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with an abundance of knowledge communications, trading, and communication tools
- You get to receive excellent training and tips from the internal experts, which include video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There is truly something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and products offered may be too much for most of its users
- 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 could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds because the premium customers are expected to immediately benefit from the number of services that the platform can offer
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The Final Verdict: Is Profit.ly Valued?
If we could come up with the answer, it would be an affirmative “yes”. But you need to understand that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used for this reason. Instead, you should have the ability to think with an open heart. Profit Vs Proceeds
What we mean”yes” is it could be a useful learning tool. For those who are struggling, they might be able to find Profit.ly’s range of resources to be helpful in their efforts to incur lesser losses and perform better than before. It’s not just the struggling traders that will benefit from the platform. It is able to accommodate novices and even experts in the field!
If you really care about being more successful in trading and would like to be taught by your fellows and gurus on the way, look no further – Profit.ly is a fantastic alternative to start.
FAQ Profit Vs Proceeds
How can you make use of Profit.ly to publish your trades?
Profit.ly offers an entry section for trades under the ‘My Trade category on the dashboard. It lets you record your trades, verifiable or otherwise. There are three choices:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s the chance that it is verifiable. This is shown by the small blue check. If you post the information manually or via images, it will be classified as unverified.
The downside of having an unauthentic trade is the possibility of receiving negative feedback from colleagues. A large number of downvotes could cause you to be listed in the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are trying to maximize profits but also help each other learn and improve in acquiring opportunities on the stock market left and right.
