Stock trading can be a high-stakes game. On some days, you might be reaping the benefits of positive and satisfying numbers. However, on other days, the opposite may happen, and it may sometimes be very difficult to get back to where you were at your peak. If you find yourself constantly stuck in the gutter it is important to recognize that relying on pure instinct and preservation might not be enough.
If you’ve been incurring loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve found an option that can help you in your improvement in the market. We’ll be taking the time to look at Profit.ly A well-respected single-stop social platform to trade!
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 Profitly 8K
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 different levels to be informed and accountable, as well as transparent and encouraging one another through its wide range of features and tools including chat rooms, trade verification, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for traders new to trading and also as a platform for traders with experience to keep track of their performance through the use of cutting-edge analytics tools. Providing users with a wide range of resources for trade and communication, it helps traders from all walks of life connect with one another. It also allows gurus to make worthwhile investments within the confines that the site. Imagine it as an online social media platform similar like Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it makes sure that trades are valid and won’t accept fake news as long as possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an interview with Forbes magazine Sykes said that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never previously done.” The concept Sykes said served two goals: 1.) creating public track records for not just the gurus and newsletter writers and students as well as) giving anyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. Profitly 8K
How Does It Perform?
Profit.ly is a subscription-based platform which allows stock traders to benefit from a variety of tools and services that are geared towards achieving the success of their business. You can create an account at no cost, however you’re only limited to having the capability to browse the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
Making an account simple: Create a profile with your experiences and knowledge, then connect to your brokerage account, and you have yourself the chance to climb your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users an insight into their performance as a trading group and its gurus. It’s not only a chance to prove 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 confidence that you are confident in their skills and the credibility of their claims.
If you feel uneasy with the idea of sharing your brokerage account, you may opt to post your trades, whether verified or not, via photographs. Also included in Profit.ly are a variety of trading courses as well as the ability to look at statistics on a person’s profile and other methods to interact with your experts through the chatroom along with email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is well-known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at under $5 for each share. Penny stock trading can be seen as a stepping stone for small businesses to transition to a market that is larger as they can access funds from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes is sure to reveal thanks to his years of experience.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned more than $6 million in earnings throughout his illustrious career as trader. At the age of 25 Tim Sykes had received more exposure and a wider impact when he was a part of the reality series “Wall Street Warriors.” He made use of the show to establish trading rooms, penny stock themes, and educational content geared toward people who are brand new to the trading field. He also helped to establish Profit.ly as a place for openness, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of learning resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the experts in trading who have earned significant amounts of profit through their years of knowledge. Profitly 8K
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing only two gurus remain on this platform: the 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 offers.
From Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll observe him focus on basic stock catalysts and employ them to forecast the next move that is possible when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available to iOS as well as Android devices; texts, emails and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month it is an ideal plan for those who are more invested in investing in penny stocks. Pennystocking Silver offers all the essential features that were included in prior plans, such as swing trading alerts and unlimited access to an extensive collection of more than 7,000 educational videos and new videos released every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Profitly 8K
The Superman Alerts plan is an package of vital features and trading alerts geared to those interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist and the mobile app, daily market commentary in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base provided by Superman himself via his Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. Additionally you’ll also gain the ability to access premium reports on research and the IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave a mark in the field, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership levels that are designed to accommodate traders with different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. Once you have signed up for this plan you’ll be provided with a variety of powerful and indispensable trading tools, all one of them essential in keeping your fingers on what could call a ruthless procedure in its own.
Some of the features you can do with Profit.ly’s Novice program is the capability to check trades and track profits and follow-up, leading and even texting other traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze your trades, sort or filter the trades you make; and lastly, look at 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 aren’t able to create a personal account, making your personal information public. If you’re looking to gain an account with this option, you should stay tuned as we introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows you to use many of the features of the Novice plan. It is in this plan that you are able to create an individual profile that allows you to share with fellow associate users all your knowledge and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies: Cater to those who desire to improve their trading skills. Although it’s a nice thing, there is one significant element that’s missing. In contrast to the Novice package, you won’t be able to view the statistics of other traders that could be a problem for some who may be looking forward to this tier. Profitly 8K
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 monthly, which includes a 22% discount when billed annually This plan offers it all. You get full, no-holds-barred access to all features of the prior plans.
You’re not only able to see other users’ stats and data, but you also have the chance to create a private profile. Both of these features, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re in search of an account that will give you with everything you require as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly offers a number of more services it has to provide. One of these is its online store, which allows users to select from a variety of video products that are designed to educate and provide guidance on the nuances and pitfalls of trading. The products listed in this section of the website can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by 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 from the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s range of features and services. You are probably familiar with chat rooms since you can find it throughout messaging and social platforms, as well as some specialty websites that offer live chat support. However, in Profit.ly the chat room is viewed as a area where experts and members trade and exchange knowledge in real-time. Every guru has their own style in operating their chat room and in dealing with the members there. Some may be a laid-back person who is rarely active, while another may be more active and in touch to their pupils. Think of the chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s variety of offerings and features caters to an array of stock traders, from novices to the most experienced. Given the wide range of options it can provide this platform definitely has something for every person.
For instance, newbies will enjoy Profit.ly’s library of learning information available on the platform. Not only will they be enriched with weekly videos and chat room tips from the in-house experts and members. They’ll also be able to select from the products in its online store to carry with them wherever they may travel. Additionally, they can gain practical experiences by trading through the platform, however, they will soon learn that this is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with years of exposure down the road, we consider Profit.ly as equally as suitable to the newcomers. While novice traders may not be as adept at dealing with trading issues, the pros already understand how it works along with the plethora of risks associated with it. Ideally, they may make use of Profit.ly’s variety of options to their maximum advantage to enhance their skills in trading. Like beginners, they can learn from the experts and experts , and use those simple tips and hints along the way.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the fun! People in the trade industry who are at the same level as Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others in order to navigate them through the ever-changing trading process. Profitly 8K
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with tons of learning, communication, and trading tools
- You will be taught by experts and insights from its internal experts, which include collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders ready to call you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your reputation as a reliable and dependable trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost There’s something for every person
The Cons
- Profit.ly’s numerous products and packages offered might not be enough for a lot of its users
- If traders decide to open any kind of trade, there is an opportunity that some them will profit by picking the most profitable trades to improve their ratings This could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds because the premium customers are expected to instantly benefit from the number of services the platform has to provide
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The Final Concluding Question is: Is Profit.ly Worth It?
If we were able to come up with the answer, it would be an affirmative “yes”. However, you must realize that the platform should not be used as a scheme to get rich quick. The platform was not always designed to be used for this reason. Instead, you need to have the ability to think with an open heart. Profitly 8K
What we do mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck may find Profit.ly’s range of resources useful as they do their best to avoid loss and perform better than before. It’s not just the struggling traders that will benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely 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 Profitly 8K
How do you use Profit.ly to post 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 options:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you import your trade from a reputable brokerage, there’s the likelihood that it can be verified. This is shown by the blue check mark. If you upload it manually or through pictures, it will be classified as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving negative feedback from fellow peers. A large number of downvotes could cause you to be listed at the top of the Madoff leaderboard, where people can detect who’s being dishonest in posting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, as they not only are seeking to make the most profit but also assist each other to develop and grow in their ability to take advantage of opportunities on the stock market all over the world.