The stock market can be an extremely risky game. On some days, you may have the benefit of pleasing and positive numbers. On other days, however, the opposite may happen and it could be extremely difficult to return to the point you were at your peak. If you are immersed in the water it is important to recognize that relying on pure instinct and preservation is not always enough.
If you’ve suffered loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the world, which is why we’ve identified an option that can help you in your improvement in the market. We’ll take 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.
Overall Rating: 4.1/5 Profitfy
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 all levels to be knowledgeable and accountable, as well as transparent and to build relationships with one another through its wide range of features and tools including trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for people who are starting out and as a hub for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Providing users with a wide array of options to facilitate trade and communication and letting traders from all walks of life connect with each other. It also allows gurus to make worthy investments within the boundaries that the site. Imagine it as a social media site akin like Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the trades are authentic and won’t accept fake news as long as possible. It was established in the past by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never prior to.” The idea, he added, served two objectives: one) making public records for not just the gurus, but also the newsletter authors and students, and 2) making it possible for anyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Profitfy
How Does It How Does It
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of features and services aimed toward success. You can create an account on the site at no cost, however you’re limited to the capability to browse the leaderboard and follow the activities of non-gurus. If you’re looking 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 offers that we’ll review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and skills, join to your brokerage account and you have yourself an opportunity to make through at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users an insight into the performance of the trading community and its experts. It’s not just a way to prove that you’re worthy to the group of traders. You can also utilize Profit.ly to purchase from a guru with the assurance that you’re comfortable of their knowledge and the credibility of their claims.
If you are unsure about the idea of sharing information about your account with a brokerage, you may opt to post your trades, either verified or not, via pictures. Also included in Profit.ly are the vast number of trading classes as well as the ability to look at statistics on a person’s profile, and more ways to interact with your experts via chatrooms as well as notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for under $5 for each share. Penny stock trading can be seen as a stepping stone for small companies to move to a large marketplace as it allows them to access money from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes can surely tell 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 earnings throughout his illustrious career as trading professional. At 25 years old, he had been given more exposure and a wider influence over time as a participant in the reality TV show “Wall Street Warriors.” He then made use of the show to create trading rooms and penny stock themes and educational material aimed at people who are brand new to trading. He also played a role in establishing Profit.ly as a platform for openness, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of education sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have proven to make substantial amounts of money through their years of knowledge. Profitfy
At its height, Profit.ly had housed up to five gurus, all of them a professional within their particular field in the trading industry. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service with the main priority being penny-priced day trading with Tim’s Alerts. At $74.95 monthly, you’ll be able to be able to see him concentrate on the fundamental catalysts for stocks and utilize them to forecast 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 app that’s available for iOS as well as Android devices, as well as 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 version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month this is an ideal plan for those who are involved in investing in penny stocks. Pennystocking Silver offers all the essential 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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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Profitfy
The Superman Alerts plan is an offering of essential features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket and the mobile app, daily market updates in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to an extensive base of knowledge of information provided by Superman himself via the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. Additionally, you’ll also get the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to get you up and running. The platform has three membership levels that cater to traders with different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. Once you have signed to this plan you’ll be provided with a variety of powerful and essential trading tools, each of which is essential to keep your fingers on what we call a competitive process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice package is the ability to verify trades and track profits and follow-up, leading and even chatting with your fellow traders; and giving feedback on the trades of today. You can also get on leaderboards; analyze the results of your analysis, sort, and filter your trades; and, lastly, view other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive simply because of the price however, there’s a drawback. You can’t create a private account, making your actions public. If you do want to gain an account with this option, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to take advantage of many of the features of The Novice package. This plan allows that you can set up an individual profile that allows you to share with fellow associate users all your knowledge and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to improve their skills in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. Unlike the previous Novice package, you won’t be able view other traders’ stats that could be a problem for some who may be looking forward to this tier. Profitfy
Pro Plan
The Pro plan is the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 per month, with an additional 22% discount when billed annually the Pro plan has everything. It gives you full, unlimited access to all the options of the prior plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the chance to create your own private profile. Both of these features, plus the other benefits that you can use to the maximum extent. If you’re in search of an option that gives you with everything you require as an experienced trader, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the trainer tools and leaderboards, Profit.ly offers a number of more services it has to offer. One of those is its online store, which lets users choose from a wide array of videos designed to inform and guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website can 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 collection of DVDs and streaming-only content on penny stocking, short stocking, and all other aspects of trading. There are also clips and scenes of The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You are probably familiar with the chat room since you can find it throughout social and messaging platforms as well as some specialty websites that provide live chat support. But on Profit.ly it’s seen as a hands-on area where experts and members trade and share knowledge in real-time. Each guru has their style when it comes to running their chat room and in dealing with the members there. Some may be more laid back and rarely active, while another may be more online and communicative with their students. Think of the chatrooms as Profit.ly’s version of the forum in 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 can provide, the platform surely has something for all.
Beginners, for instance, will appreciate Profit.ly’s library of learning materials available across the platform. In addition, they will get daily videos and chat room advice from its in-house gurus and their members. They’ll also be able pick from the merchandise available in its online store that they can take with them wherever they may go. Additionally, they can gain practical experiences by trading through the platform, but ultimately 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 suitable for them as it is for the newcomers. While novice traders may not be as proficient in dealing with trading issues, the pros already understand how it works and the risky mix that it carries. It is ideal to use Profit.ly’s array of options to their maximum advantage to enhance their trading skills. Like novices, they can learn from the experts and experts , and use those short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the fun! Those in the trading industry who are at 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. Profitfy
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform allows it to provide traders everywhere with a wealth of education tools, communication, and trading tools
- You will be provided with excellent lessons and insights from its in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at reasonable prices There’s something for every person
The Cons
- Profit.ly’s abundance of products and packages offered might seem overwhelming for the majority of its users
- If traders decide to open any kind of trade, there is the possibility that some of them may take advantage by cherry-picking the best trades to increase the rating – this may be a concern that should not be ignored.
- Profit.ly will not allow refunds because its premium users are expected to immediately benefit from the number of services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could come up with the answer, it’s yes. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always meant to be designed for this reason. Instead, you need to have the ability to think with an open heart. Profitfy
What we are referring to”yes” is it could be a useful learning tool. For those who are struggling, they may be able to find Profit.ly’s array of resources helpful in their efforts to reduce losses and perform better than before. Not only struggling traders who will benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely desire to be a better trader and want to be taught by your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Profitfy
How do you use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion in the “My Trade section of the dashboard. It allows you to post your trades, either verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your trades
How do I know if the trade is verifiable or not?
If you import your trade from a reputable brokerage, there is an excellent probability that it’s verifiable. This is indicated with the small blue check. If you upload it manually or through screenshots, it will automatically be classified as unverified.
The downside of having an unauthenticated trade is the chance of getting downvotes from your friends and colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Is 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 most functioning tablets and smartphones.
How many are on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are trying to maximize profits but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market all over the world.
