Stock trading can be a high-stakes game. On some days, you may enjoy the benefits of pleasing and positive numbers. However, on other days it could be the reverse, and it may sometimes be very difficult to return to where you were your best. If you find yourself always in the mud it is important to recognize that relying on your instincts and preserving may not always be enough.
If you’ve experienced loss from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the world, which is why we’ve discovered a platform that can support you in your growth in the market. In this review, we’ll be taking a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profitly 990
Users Experience 4.5/5
Profit.ly can be described as an online platform for trading that allows traders of different levels to be knowledgeable, transparent, accountable, and encouraging each other by offering a wide array of tools and features such as trade verification, chat rooms as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for people who are just beginning their journey and as a hub for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Offering users a broad variety of tools for communication and trade and letting traders from all walks of life network with each other. It gives the gurus an opportunity to invest in the right areas of this platform. Think of it as a social media site akin to Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform for trading is built on trust and transparency. it makes sure that trades are authentic and won’t tolerate inauthenticity as much as is humanly possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing the entire spectrum of trades, something which was never done before.” This idea Sykes said served two purposes: 1) creating public track records for everyone, not just the experts as well as students and newsletter writers and secondly) giving all users to gain insight into both losses and wins to the benefit of the trading industry. Profitly 990
How Does It Perform?
Profit.ly utilizes a subscription model that allows stock traders to gain access to a multitude of tools and services that are geared at achieving the success of their business. You can create an account there at no cost, however you’re only limited to having the capability to browse the leaderboards and monitor 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 offerings, which we will go over shortly.
Making an account simple: Create an account that includes your personal information and skills, join your brokerage account, and you’ll have a chance to shoot your way up to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a look at their performance as a trading group and its experts. It’s not only a chance to demonstrate value to a large group of traders. You can also use Profit.ly to buy from a guru with the confidence that you are confident of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging information about your account with a brokerage, then you could decide to share your trades, either verified or otherwise, through 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 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 famously known for his efforts in the penny-stock market. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for just less than 5 cents per share. The penny stock market can be seen as a stepping stone for small businesses to transition into a larger market because it allows them to access money from the general public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes is sure to reveal through his many years of expertise.
Since his initial beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned an estimated $6 million earnings through his lengthy career as a trader. At 25 years old Tim Sykes had received greater exposure and an even wider influence over time as a participant in the reality series “Wall Street Warriors.” He took advantage of it to develop trading rooms as well as penny stock themes and educational content geared toward those who are new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning tools, trade alerts and other useful stuff offered by the platform’s in-house gurus. These gurus refer to the trading experts who have earned substantial amounts of money through their years of knowledge. Profitly 990
At its height, Profit.ly had housed up to five gurus, all of them a pro in their field of expertise in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll observe him focus on basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS and Android devices, 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, with an upgraded version of Tim’s Alerts program. At $149.95 for a month this is a great option for investors who are committed to penny stock trading. Pennystocking Silver includes all the basic features found in earlier plans such as swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos that are updated weekly.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Profitly 990
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket along with the mobile app, the daily market commentary shown in real-time, as well as email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to a knowledgeable base provided by Superman himself, via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. Additionally you’ll also gain access to premium research reports and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to help you up and running. Profit.ly offers three membership tiers, each designed for traders with different levels. Let’s take a look at what these three levels are and what they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. When you sign up for this plan you’ll be offered a range of strong and essential trading tools, each one of them essential in keeping your fingers on what we can describe as a cutthroat process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the capability to check the results of your trades and track profit; leading, following and even texting your fellow traders, as well as giving feedback on the trades of today. You can also get onto leaderboards; study your trades, sort and filter your trades and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive simply because of the price but there’s a disadvantage. You can’t create a private profile, thus making your personal information public. If you’re interested in gain access to this feature, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in the novice plan. This plan allows that you can set up an account that is private to share with other associate users all your knowledge and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their expertise in trading. While it’s nice however, there’s a crucial element that’s missing. Unlike the previous Novice package, you won’t be able to view other traders’ stats this could be a problem for some who may be eager to try this new tier. Profitly 990
This is by far the most expensive plan Profit.ly can offer to experienced traders. It costs $74.95 monthly, and an additional 22% discount for billing annually the Pro plan has everything. You get full, no-holds-barred access to all features of the prior plans.
In addition, you’ll be able to see other users’ stats and data, but you also have the option of creating a private profile. Both of these options, plus the other benefits that you can use to the fullest potential. If you’re looking for a plan that can serve you everything you need as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly offers a number of other services they offer. One of these is its online store, which allows users to choose from a wide array of videos designed to inform and help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. Among these products include best-sellers like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other things trading-related, clips and clips taken from The Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of services and features. You may be familiar with the concept of chat rooms since you can find it throughout messaging and social platforms, as well as some specialty websites that offer live chat support. But on Profit.ly the chat room is viewed as a hands-on place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the members there. One might be a laid-back person who is not very often engaged, while another could be more active and in touch in their interactions with students. Think of the chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock traders, ranging from novices to experienced professionals. With the variety of deals it has to offer it is certain to have something for everyone.
For instance, newbies can take advantage of Profit.ly’s collection of educational content offered throughout the platform. Not only will they get daily videos and chat room tips from the in-house experts as well as their members. They’ll also be able pick from the merchandise available from its online store for them to take wherever they be. Additionally, they can gain practical experiences from trading within the platform, however, they will soon learn that this is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For traders who have many years of experience down the line, we believe Profit.ly equally suitable to them as people who are just beginning. While novice traders may not be as well-equipped with handling trading matters but the experts already know the way it functions and the plethora of risks associated with it. Ideally, they may utilize Profit.ly’s range of options to their maximum advantage to improve their trading abilities. Like novices, they can study from the gurus and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Certified experts can also take part in the excitement! Those in the trading industry who are on an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to navigate them through the ever-changing trading process. Profitly 990
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with tons of learning tools, communication, and trading tools
- You get to be taught by experts and insights from its inside experts, as well as libraries of educational videos and trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There is truly something for all
- Profit.ly’s abundance of packages and products offered may seem overwhelming for most of its users
- If traders decide to make any type of trade, there is an opportunity that some them could profit from cherry-picking the best trades to increase the rating This could be a concern that should not be ignored.
- Profit.ly will not allow refunds as the premium customers are expected to instantly benefit from the number of services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it would be an affirmative “yes”. However, you must realize that it shouldn’t be treated as a quick-fix scheme to make money. The platform wasn’t originally designed to be used for this reason. Instead, you should have curiosity. Profitly 990
What we do mean”yes” is that it can be a great learning tool. Those who may be stuck could find Profit.ly’s range of resources helpful when they try their best to avoid loss and perform better than they did before. Not only struggling traders who will benefit from the platform. It is able to accommodate novices and even experts!
If you really care about being more successful in trading and would like to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly could be a good choice to start.
FAQ Profitly 990
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has a trade entry portion in the ‘My Trade’ category of the dashboard. It lets you post your trades, either verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you purchase your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is shown by the small blue check. If you post the information manually or via images, it will be assigned as unverified.
The downside of having an unauthenticated trade is the risk of receiving negative feedback from fellow peers. A large number of downvotes could result in you appearing in the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile app version works with all working smartphones and tablets.
How many are using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just looking to earn maximum profits but also to help one another learn and improve in acquiring stock market opportunities left and right.