Stock trading can be an exciting game with high stakes. Some days, you might be reaping the benefits of positive and satisfying numbers. On other days you may experience the opposite and it could be very difficult to return to the point you were at your most productive. If you’re always in the mud it is important be aware that relying solely on pure instinct and preservation 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 an important boost from trading partners from all over the world, which is why we’ve found an option that can help you in your improvement in the industry. In this review, we’ll take the time to look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitly Above Average
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 permits traders of various levels to be informative responsible, transparent, and uplifting with one another through its wide variety of tools and features like trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that serves both as a training and learning platform for traders new to trading and as a hub for experienced traders to track their performance with the help of cutting-edge analytics tools. Offering users a broad array of options for trade and communication and letting traders from all walks of life connect with one another. It gives the gurus worthy investments within the boundaries that the site. Think of it as the social media equivalent like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform for trading is built on trust and transparency. it ensures that the trades are valid and won’t tolerate inauthenticity as much as possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes publication, Sykes said that Profit.ly was based “on showing all trades, something that was never previously done.” The idea, he added, served two goals: 1.) keeping track of public data for all traders, not just the gurus and students and newsletter writers as well as) making it possible for all users to be enlightened by both losses and wins to benefit the industry of trading. Profitly Above Average
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of services and features geared towards achieving the success of their business. You may set up an account for free, but you’re only limited to having access to the leaderboards and monitor the actions of non-gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s deals 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 your brokerage account, and you have yourself an opportunity to make through high on the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users a glimpse of their performance as a trading group as well as its experts. It’s not just a way to prove your worth to a large group of traders. You can also use Profit.ly to buy with a guru, and have the confidence that you are confident with their expertise and the veracity of their assertions.
If you’re not comfortable with the idea of sharing your brokerage account, you can opt to post your trades, whether verified or otherwise, through pictures. In Profit.ly is the huge selection of trading classes as well as the ability to look at statistics on a person’s profile and other methods to connect with your gurus 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 trader who is well-known for his efforts in penny stock trading. According to Investopedia Penny stock refers to a small company’s stock which trades at under $5 for each share. The trading of penny stocks can be seen as a stepping stone for small businesses to transition into a larger market because it gives them access to money from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes is sure to reveal through his many years of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, made an estimated $6 million earnings through his lengthy career as trader. When he was 25 years old, he had been given greater exposure and a larger impact as a participant in the reality TV show “Wall Street Warriors.” He made use of the show to create trading rooms and penny stock themes and educational content geared toward people who are brand new to the trading field. He also played a role in establishing Profit.ly as a place of 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 vast array of education resources, trade alerts, as well as other useful information provided by the in-house experts of the platform. Gurus are referred to the trading experts who have made significant amounts of profit from their collective years of expertise. Profitly Above Average
At its peak, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the trading industry. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, only two gurus remain on the 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 take a look at what packaged deals each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you will observe him focus on basic stock catalysts and employ them to anticipate the next move that is possible when making trades.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available to iOS as well as Android devices; email, text and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, this is an ideal plan for those who are more committed to the penny-stock market. Pennystocking Silver includes all the basic features found in prior plans, such as swing trading alerts as well as unlimited access to an extensive library of more than 7,000 instructional videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Profitly Above Average
The Superman Alerts package is his package of vital features and trading alerts targeted to those interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket along with the mobile app, the daily market updates in real time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge of information provided by Superman himself via the Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of previous lessons. Additionally you’ll also gain the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re eager to join the world of online trading and leave a mark in the field, Profit.ly has the right amount of resources to help you started. The platform has three membership levels, each designed for traders with different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. When you sign up for this plan, you will be immediately given a slew of robust and essential trading tools, all of which is essential to keep your hands on what we call a competitive procedure in its own.
Some of the features you can accomplish using Profit.ly’s Novice program is the ability to confirm trades and track profits; leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze, sort, or filter the trades you make and, lastly, view other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing simply because of the price however, there’s a drawback. You aren’t able to create a personal profile, which makes your actions public. If you’re interested in get access to this feature, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets users to benefit from a majority of features from The Novice package. It is in this plan that you can set up a private profile for sharing with fellow associates all your insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies catering people who want to harness their trading skills. While it’s nice but there’s one important element that’s missing. Unlike the previous Novice package, this one won’t be able to see other traders’ stats that could be a disadvantage for some who may be eager to try this new tier. Profitly Above Average
Pro Plan
This is by far the highest expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 monthly, which includes an additional 22% discount when billed annually, this tier has it all. It gives you full, unlimited access to all features from the two previous plans combined.
You’re not only able to view other people’s stats, but you’re also given the chance to create your own private profile. These two features are in addition to the advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give you everything you need as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the training tools and the leadersboards Profit.ly provides a variety of more services it has to offer. One of them is the online store, where customers can select from a variety of video products created to provide guidance on the ins and outs of trading. The products listed on this page of the website can be immediately purchased for personal use. These include best-selling products like the “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, as well as all related to trading, videos and clips from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of services and features. You’re probably familiar with the concept of chat rooms since you can see it across social and messaging platforms and also on a few specialty websites that provide live chat assistance. However, in Profit.ly, it is seen as a real-time area where experts and members can interact and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members there. One might be more laid back and less active, while another may be more interactive and online in their interactions with students. Consider 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 cater to a large variety of stock traders, ranging from beginners to experienced pros. With the variety of deals it offers it is certain to have something for every person.
For instance, newbies can take advantage of Profit.ly’s knowledge-based materials available across the platform. They will also get daily videos and chat room tips by its internal gurus as well as their members. They’ll also be able to choose from the items in its online store to carry with them wherever they may travel. You can also get hands-on experiences from trading within the platform, but eventually, they will soon learn that the process is a high stakes game that should not be viewed as an amusing pastime.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suited to those who are just starting. While the newbies may not be as well-equipped with handling trading matters but the experts already know how it works and the risky mix that come with it. It is ideal to utilize Profit.ly’s range of options to their maximum advantage to develop their trading skills. Like novices, they can learn from the top experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Verified experts can also join in the fun! Trade professionals who are at similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skill to others as a way to guide them through the ever-illustrious trading process. Profitly Above Average
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform enable traders across the globe with an abundance of knowledge tools, communication, and trading tools
- You’ll receive excellent training and insights from its inside experts, as well as libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with precise analytics as well as other traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost There’s something for every person
The Cons
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for most of its users
- As traders may opt to post any kind of trade, there is an opportunity that some them could profit from selecting the best trades in order to increase the rating This could be a concern that should not be overlooked.
- Profit.ly does not accept refunds because its premium users will immediately benefit from the number of services the platform has to provide
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The Final Verdict is: Is Profit.ly worth it?
If we could come up with an answer to this question, it’s yes. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform was not always designed to be used in this way. Instead, you should have the ability to think with an open heart. Profitly Above Average
What we do mean by ‘yes’ is that it can be a great learning tool. People who are stuck may be able to find Profit.ly’s variety of resources useful in their efforts to incur lesser losses and perform better than they did before. It’s not just the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly care about being better at trading and wish to be taught by your mentors and peers along the way, then look no further – Profit.ly may be a great choice to start.
FAQ Profitly Above Average
How do you use Profit.ly to make your trades public?
Profit.ly has a trade entry portion under the ‘My Trade’ category of the dashboard that allows you to post your trades, verifiable or not. You may choose between three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades using the spaces provided and details
- Take a photo of your trades
How do I know whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is shown by the small blue check. If you submit it manually or through images, it will be classified as unverified.
The drawback of posting an unauthentic trade is the possibility of getting downvotes from your colleagues. A large number of downvotes could result in you appearing at the top of the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as in the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many are on Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just seeking to make the most profit but also to help one another learn and improve in acquiring opportunities on the stock market both right and left.
