Stock trading is an exciting game with high stakes. On certain days, you may be reaping the benefits of pleasing and positive numbers. However, on other days it could be the reverse and it could be very difficult to return to where you were at your most productive. If you are immersed in the water, you will have to recognize that relying on pure instinct and preservation might not be enough.
If you’ve experienced losses from time to time You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the world, which is why we’ve discovered an option that can help you to improve your performance in the market. We’ll be taking a look at Profit.ly, a well-recognized 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.
Total Rating: 4.1/5 Profit Vs Profitability
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that allows traders of various levels to be informed and accountable, as well as transparent and to build relationships with each other by offering a wide array of tools and features like trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for people who are just beginning their journey 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 and letting traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Imagine it as the social media equivalent the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it makes sure that transactions are legitimate and will not accept fake news as long as possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an appearance in Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been done before.” This idea, he added, served two objectives: one) keeping track of public data for everyone, not just the experts and students and newsletter writers, and 2) making it possible for all users to learn from both losses and wins to benefit the industry of trading. Profit Vs Profitability
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of services and features geared at achieving success. You can create an account there for free, but you’re limited to the capability to browse the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s offers, which we will review in the coming days.
Setting up an account is simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account, and you’ll be given a chance to shoot your way up to high on the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users an insight into the performance of the trading community as well as its gurus. You’re not just allowed to show that you’re worthy to the group of traders, but you can also utilize Profit.ly to shop with a guru, and have the assurance that you’re confident of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the idea of sharing information about your account with a brokerage, then you could choose to publish your trades, verified or not, by taking photographs. Also included in Profit.ly is the huge selection of courses in trading, the ability to view the stats of a trader’s account and other methods to interact with your experts via chatrooms in addition to email and text alerts 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 penny stock trading. According to Investopedia Penny stock refers to a small company’s shares that trade for less than $5 per share. Penny stock trading is a stepping stone for small-scale businesses to make the transition into a larger market because it gives them access to money from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes is sure to reveal through his many years of experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, made more than $6 million in profits throughout his illustrious career as a trader. When he was 25 years old Tim Sykes had received greater exposure and a larger influence over time when he became part of the reality show “Wall Street Warriors.” Then, he made use of the show to create trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about trading. He also helped establish Profit.ly as a place for transparency, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the experts in trading who have proven to make substantial amounts of money from their combined years of knowledge. Profit Vs Profitability
At its peak, Profit.ly had housed up to five gurus, all of them a pro in their niche within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on the platform: 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 can offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you will be able to see him concentrate on the basic stock catalysts and employ them to forecast the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS and Android devices; text, e-mail and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 for a month this is the perfect plan for those who are invested in the penny-stock market. Pennystocking Silver offers all the essential features of earlier plans including swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos that are updated every week.
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The following video is 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 he began as a trader, Superman has amassed over $5.5 million in total trading profits. Profit Vs Profitability
The Superman Alerts package is his package of vital features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile app, the daily market updates in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base provided by Superman himself via Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. On top of that you’ll also gain access to premium research reports as well as the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of tools to get you up and running. The platform has three membership levels, each designed for traders at different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. When you sign to this plan you’ll be offered a range of strong and essential trading tools, each of which is essential to keep your fingers on what we can describe as a cutthroat procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging your fellow traders; and providing feedback on trades today. It also allows you to be on leaderboards; analyze, sort, or filter the trades you make; and, lastly, view other’s stats.
The Novice plan costs $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 account, making your personal information public. If you do want to gain an account with this option, you should stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package lets you to use a majority of features from The Novice package. This plan allows that you are able to create an individual profile that allows you to share with other associates all your insights and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters people who want to improve their trading skills. 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’ stats that could be a problem for those eager to try this new tier. Profit Vs Profitability
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly offers to experienced traders. It costs $74.95 per month, and an additional 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.
In addition, you’ll be able to look at other people’s statistics as well, you’re also offered the opportunity to create an individual profile. These two features are plus the other benefits that you can use to their fullest capacity. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly offers a number of additional services that it can provide. One of these is its online store, where customers can select from a variety of videos designed to inform and guide you through the ins and outs of trading. The products listed in this section of the website is available to be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series from trading professional 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 clips 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 may be familiar with chat rooms since you can see it across messaging and social platforms, as well as some specialty websites that offer live chat support. But in Profit.ly it’s seen as a place where gurus and their members trade and learn in real time. Every guru has their own way in operating their chat room and dealing with the members there. One of them may be laid back and not very often active, while another may be more interactive and online in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock traders, from beginners to experienced pros. With the variety of deals it can provide it is certain to have something for every person.
Beginners, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. They will also be provided with videos every week and chat room advice from the in-house experts as well as 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 be. They can also gain hands-on experiences from trading within the platform, but ultimately they’ll be able to realize that trading is a high stakes game that shouldn’t be treated as an amusing pastime.
For the traders with years of exposure down the line, we believe Profit.ly equally suited to people who are just beginning. While the newbies may not be as proficient in handling trading matters however, experienced traders know how it works and the risky mix that it carries. In the ideal scenario, they can utilize Profit.ly’s variety of features to their full advantage to develop their trading abilities. Like novices, they can learn from the top experts as well as experts, and take advantage of simple tips and hints along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are on the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to help guide them through the ever-illustrious trading process. Profit Vs Profitability
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge communications, trading, and communication tools
- You’ll be taught by experts and advice from the company’s in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders ready to call you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your reputation as a reliable and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through photographs
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices – there truly is something for every person
The Cons
- Profit.ly’s numerous products and packages offered might not be enough for most of its customers
- As traders may opt to make any type of trade, there is a possibility that some of them will profit by picking the most profitable trades to increase the rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as the premium customers are expected to instantly take advantage of the numerous features the platform is able to offer
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The Final Concluding Question: Is Profit.ly Worth It?
If we could come up with an answer to this question, it would be yes. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t designed to be used to achieve this goal. Instead, you should have an open mind. Profit Vs Profitability
What we do mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck may find Profit.ly’s range of resources to be helpful in their efforts to reduce losses and be more successful than before. It’s not only the struggling traders that will benefit from this platform. It can accommodate beginners and even experts in the field!
If you really want to become better at trading and wish to learn from your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly could be a good choice to start.
FAQ Profit Vs Profitability
How do you use Profit.ly to make your trades public?
Profit.ly offers the option of allowing trade entries within the ‘My Trade category on the dashboard that allows you to post your trades, either verified or otherwise. There are three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there is an excellent chance that it is verifiable. This is evident by the small blue check. If you upload the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the risk of getting downvotes from your fellow peers. Too many downvotes may cause you to show up in the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available to download via 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 using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just trying to maximize profits but also help each other grow and learn more about acquiring stock market opportunities left and right.
