The stock market can be an extremely risky game. On some days, you might have the benefit of positive and satisfying numbers. On other days, however, the opposite may happen and it could be very difficult to return to where you were at your most productive. If you are constantly stuck in the gutter, you will have be aware that relying solely on your instincts and preserving might not be enough.
If you’ve suffered loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe, which is why we’ve found a platform that can support you in your growth within the field. We’ll be taking the time to look at Profit.ly, a well-recognized 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 Accounts
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informed responsible, transparent, and uplifting with one another through its wide variety of tools and features such as trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for those new to trading and as a hub for traders with experience to keep track of their performance with the help of advanced analytics tools. It provides users with a vast range of resources for communication and trade, it helps traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Consider it the social media equivalent to Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently validates trade performance and publishes all data of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that trades are valid and won’t allow for fraud as much as it is possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine Sykes stated that Profit.ly was based “on showing all trades, something that was never previously done.” The idea Sykes said served two objectives: one) creating public track records for all traders, not just the gurus and newsletter authors and students, and 2) making it possible for all users to gain insight into both losses and wins to the benefit of the trading industry. Profitly Accounts
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of services and features geared at achieving achievement. You can create an account for free, but you’re limited to 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 it is necessary to subscribe to any of Profit.ly’s offerings, which we will go over shortly.
The process of opening an account is easy: create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll have the chance to climb through at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier it is designed to provide its users an insight into how the community of traders performs as well as its gurus. You’re not just allowed to prove your worth to a community of traders, but you are also able to use Profit.ly to buy with a professional with the confidence that you are confident with their expertise and the veracity of their assertions.
If you feel uneasy with the idea of divulging the details of your broker account you may opt to post your trades, verified or not, by taking photographs. Also included in Profit.ly are a variety of courses in trading, the ability to view stats in a trader’s profile as well as other ways to interact with your experts through the chatroom along with 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 trading guru who is famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s shares that trade for under $5 for each share. The trading of penny stocks can be seen as an opportunity for small businesses to transition to a market that is larger as they can access funds from the public. But don’t be mistaken – it’s also an extremely risky activity, as Sykes will be able to tell you because of his decades of experience.
Since his initial beginnings at the end of his time in high school, Tim Sykes has, since then, earned more than $6 million in profits throughout his illustrious career as a trader. At the age of 25 Tim Sykes had received greater exposure and an even wider reach of influence as a participant in the reality series “Wall Street Warriors.” He made use of the show to establish trading rooms and penny stock themes and educational content geared toward people who are brand new to trading. He also helped establish Profit.ly as a place for transparency and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning tools, trade alerts as well as other useful information provided by the company’s internal gurus. These gurus refer to the trading experts who have made substantial amounts of money from their combined years of experience. Profitly Accounts
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on this platform: the 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 take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service that focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, you’ll see him focus on the fundamental catalysts for stocks and utilize them to anticipate the next possible moves in making trades.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS as well as Android devices, as well as text, e-mail and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. It costs $149.95 per month, this is a great option for investors who are involved in investing in penny stocks. Pennystocking Silver includes all the basic features of prior plans, including swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Profitly Accounts
The Superman Alerts plan is an offering of essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access daily premarket stock watchlist and 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, as well as access to an extensive base of knowledge provided by Superman himself through the Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. On top of that you’ll also have an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave your mark on the market, Profit.ly has the right amount of resources to get you started. The platform has three membership tiers, each designed for traders with different levels. Let’s break down what these three levels are and what they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. Once you have signed up for this package you’ll be given a slew of robust and vital trading tools, all one of them essential in keeping your fingers on what call a competitive process by itself.
Among the list of things you can do with Profit.ly’s Novice program is the capability to check trades and track profits as well as leading, following, and even messaging other traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study, sort, or filter the trades you make and lastly, look at other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone however, there’s a drawback. It isn’t possible to create a private account, making your activities publicly available. If you’re looking to gain the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader plan allows you to take advantage of the majority of features available in The Novice package. It is in this plan that you can set up a private profile to share with other associates all your insights and information you have gained from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater to those who desire to develop their expertise in trading. As nice as it seems, there is one significant aspect that’s not included. As opposed to the prior Novice package, you will not be able view other traders’ stats that might be a drawback for some who may be anticipating this level. Profitly Accounts
This is by far the most luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 per month, with 22% off for billing annually, this tier has it all. You get full, no-holds-barred access to all the features from the two previous plans combined.
Not only do you get to look at other people’s statistics, but you’re also given the option of creating a private profile. Both of these options, on top of all the benefits that you can use to the fullest potential. If you’re in search of an option that gives all the features you need to be an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly has a few other services they provide. One of these is its online store, which lets users choose from a wide array of video products that are designed to educate and help you understand the nuances and pitfalls of trading. All of the products featured in this section of the site can be immediately purchased for personal use. Among these products include best-sellers like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, as well as all things trading-related, clips and clips of The Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range 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 assistance. But on Profit.ly it’s seen as a real-time area where experts and member traders can communicate and learn in real time. Every guru has their own way in running their chat rooms and dealing with the members. One of them may be more laid back and not very often active, while another might be more interactive and online to their pupils. Think of the chat rooms 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 traders, from novices to the most experienced. Given the wide range of options it has to offer, the platform surely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s library of learning information available on the platform. In addition, they will get daily videos and chat room tips by its internal gurus and their members. They’ll also be able select from the products in its online store for them to take wherever they may travel. They can also gain hands-on experiences from trading within the platform, but eventually they’ll realize that this is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with many years of experience down the road, we consider Profit.ly equally suited to those who are just starting. Although the novices might not be as proficient in dealing with trading issues however, experienced traders know the way it functions and the stack full of risks associated with it. In the ideal scenario, they can use Profit.ly’s variety of features to their best advantage to enhance their trading skills. As beginners, they are able to study from the gurus and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners and semi-experienced traders. Verified experts can also join in the fun! People in the trade industry who are on an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skills to others as a way to guide them through the ever-illustrious trading process. Profitly Accounts
Profit.ly’s Pros and Cons
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education communications, trading, and communication tools
- You’ll be taught by experts and advice from the company’s in-house gurus, including libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and verifiable trader
- Apart from its core capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unverifiable trades through images
- Profit.ly’s wide array of subscription plans and guru packages are priced at reasonable prices – there truly is something for every person
- Profit.ly’s bountiful stream of packages and services offered could be too much for most of its customers
- If traders decide to make any type of trade, there is an opportunity that some them may take advantage by cherry-picking the best trades to increase the rating this could be a risk that shouldn’t be overlooked.
- Profit.ly does not accept refunds as the premium customers will immediately take advantage of the numerous services the platform has to provide
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The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an appropriate answer for this query, it would be a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a scheme to get rich quick. The platform was not always meant to be designed in this way. Instead, you should have curiosity. Profitly Accounts
What we do mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck could discover Profit.ly’s array of resources to be helpful as they do their best to reduce loss and perform better than they did before. It’s not just the struggling traders that will benefit from this platform. It can accommodate beginners and even experts in the field!
If you really desire to be a better trader and want to learn from your fellows and gurus on the way, you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Profitly Accounts
How do you use Profit.ly to publish your trades?
Profit.ly has a trade entry portion in the ‘My Trade section of the dashboard that allows you to post your trades, either verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you buy your trade through a reliable brokerage, there is the probability that it’s verifiable. This is indicated with the small blue check. If you upload the information manually or via pictures, it will be classified as unverified.
The drawback of posting an unverified trade is the possibility of receiving downvotes from friends and colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Does the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also assist each other to learn and improve in acquiring opportunities in the stock market left and right.