Stock trading can be a high-stakes game. Some days, you could enjoy the benefits of pleasing and positive numbers. However, on other days, the opposite may happen and it could be very difficult to return to where you were your peak. If you find yourself constantly stuck in the gutter You will need to recognize that relying on pure instinct and preservation may not always 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. Also, you’ll need an enormous boost from your fellow traders from around the world, which is why we’ve found an option that can help you to improve your performance within the field. This review will be taking the time to 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profit Vs Profit Margin
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of various levels to be informative, transparent, accountable, and to build relationships with each other through its broad range of features and tools like trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for traders who are starting out as well as a place for experienced traders to track their performance through the use of cutting-edge analytics tools. Providing users with a wide range of resources for communication and trade, it helps traders from every field of business connect with one another. It gives the gurus an opportunity to invest in the right areas of this platform. Think of it as an online social media platform similar the likes of Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently validates trade performance and posts all the data from them in the form of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are valid and won’t accept fake news as long as possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes stated that Profit.ly was based “on the transparency of all trades, something that has never been done before.” The concept Sykes said served two objectives: one) keeping track of public data for everyone, not just the experts and students and newsletter writers and secondly) making it possible for anyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Profit Vs Profit Margin
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of features and services aimed toward achievement. You can create an account on the site for free, but you’re limited to the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re ready to invest your money to see what stocks the experts are trading in real-time, you will need to join one of Profit.ly’s offerings that we’ll discuss in the near future.
The process of opening an account is easy: create an account that includes your personal information and skills, join to your brokerage account and you’ll be given the chance to climb your way to high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned it is designed to provide its users a look at the performance of the trading community as well as its experts. You’re not just allowed to demonstrate that you’re worthy to the group of traders. You are also able to use Profit.ly to shop with a professional with the assurance that you’re confident of their knowledge and the credibility of their claims.
If you are unsure about the idea of divulging the details of your broker account then you could decide to share your trades, whether verified or not, via pictures. Included in Profit.ly are a variety of trading classes, the ability to view statistics on a person’s profile, and more ways to interact with your experts through the chatroom in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. The penny stock market is an avenue for small companies to move to a large marketplace as it gives them access to funds from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal thanks to his years of expertise.
From his beginnings in his late years in High School, Tim Sykes has, since then, earned over $6 million of profits during his long and successful career as trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider reach of influence when he was a part of the reality TV show “Wall Street Warriors.” He made use of the show to develop trading rooms, penny stock themes, as well as educational content targeted 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 uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning tools, trade alerts and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the experts in trading who have made substantial amounts of money from their collective years of expertise. Profit Vs Profit Margin
At its peak, Profit.ly had housed up to five gurus, all of them an expert in their niche in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, only two gurus 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 look at the packages 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. At $74.95 for a month you’ll be able to see him focus on the fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS as well as Android devices, text, e-mail and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. At $149.95 per month, it is a great option for those who are more involved in investing in penny stocks. Pennystocking Silver includes all the basic features of earlier plans including swing trading alerts and unlimited access to an extensive library of over 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading profits. Profit Vs Profit Margin
The Superman Alerts plan is his offer of the most essential features and alerts on trading geared to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist as well as the mobile application, daily market commentary in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base of information provided by Superman himself, via the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. In addition you’ll also gain access to premium research reports and the IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of resources to help you up and running. The platform has three membership levels that cater to traders of different levels. Let’s break down what these three levels are and what they will cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. When you sign up for this package you’ll be provided with a variety of powerful and essential trading tools, each one of them essential in keeping your hands on what we call a competitive procedure in its own.
Among the list of things you can do using Profit.ly’s Novice program is the ability to confirm the results of your trades and track profit as well as leading, following and even texting other traders; and giving feedback on the trades of today. 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 costs $29.95 per month. Although it might look appealing simply because of the price however, there’s a drawback. You can’t create a private account, making your activities publicly available. If you do want to gain an account with this option, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to take advantage of the majority of features available in 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.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests catering for those looking to harness their skills in trading. Although it’s a nice thing, there is one significant aspect that’s not included. As opposed to the prior Novice package, you will not be able to view the statistics of other traders this might be a drawback for some who may be looking forward to this tier. Profit Vs Profit Margin
Pro Plan
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. At $74.95 monthly, with a 22% discount for billing annually the Pro plan has it all. 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 and data, but you also have the opportunity to create an individual profile. Both of these features, in addition to the advantages that you can utilize to the maximum extent. If you’re in search of a plan that can serve you with everything you require as a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly has a few additional services that it can offer. One of those is its online store, where customers can choose from a wide array of instructional videos that are created to help you understand the nuances and pitfalls of trading. All of the products featured on this page of the site can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about short stocking, penny stocking, and other related to trading, videos and clips taken from events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of services and features. You are probably familiar with the concept of the chat room as you can find it throughout messaging and social platforms, and also on a few specialty websites that offer live chat support. But in Profit.ly it’s seen as a hands-on area where experts and members can interact and learn in real time. Each guru has their style in operating their chat room and dealing with the listed members there. Some may be a laid-back person who is less engaged, while another could be more active and in touch in their interactions with students. Think of the chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock traders, ranging from novices to experienced professionals. With the variety of deals it can provide, the platform surely has something for everyone.
Newbies, for instance, will enjoy Profit.ly’s collection of educational content offered throughout the platform. They will also be enriched with weekly videos and chat room advice from the in-house experts as well as their members. Additionally, they can choose from the items in its online store for them to take wherever they travel. Additionally, they can gain practical experience trading on the platform, but eventually they’ll be able to realize that trading is a high-stakes game that shouldn’t be taken as an amusing pastime.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suited for them as it is for people who are just beginning. While the newbies may not be as well-equipped with managing trading however, experienced traders know how it works and the stack full of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to enhance their trading skills. Like novices, they can study from the gurus and experts , and use those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies and semi-experienced traders. 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 up Profit.ly’s capabilities to showcase their expertise to other traders in order to navigate them through the ever-changing trading process. Profit Vs Profit Margin
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking images
- Profit.ly’s wide array of subscription levels and guru packages are priced at reasonable prices There is truly something for all
The Cons
- Profit.ly’s abundance of packages and products offered may be too much for most of its users
- Since traders can choose to post any kind of trade, there’s a possibility that some of them could profit from selecting the best trades in order to increase the rating This could be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as its premium users are expected to instantly benefit from the number of services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with an answer to this question, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t designed to be used in this way. Instead, it is best to keep an open mind. Profit Vs Profit Margin
What we do mean by ‘yes’ is that it could be a useful learning tool. People who are stuck might discover Profit.ly’s array of resources to be helpful as they do their best to reduce loss and perform better than they did before. It’s not just the poor traders that can benefit from the platform. It can accommodate beginners and even experts in the field!
If you truly care about being a better trader and want to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly could be a good alternative to start.
FAQ Profit Vs Profit Margin
How do you use Profit.ly to publish your trades?
Profit.ly has a trade entry portion in the ‘My Trade category on the dashboard which allows you to post your trades, either verified or not. You may choose between three choices:
- Linking your account to the brokerage of choice and then importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your trades
How can I tell if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there’s the likelihood that it can be verified. This is shown by the small blue check. If you submit it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving downvotes from friends and colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store and in the Google Play store. The mobile version of the app is compatible with most functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just trying to maximize profits but also to help one another learn and improve in acquiring stock market opportunities left and right.
