Stock trading is an extremely risky game. Some days, you might enjoy the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it can be extremely difficult to get back to where you were at your best. If you’re constantly stuck in the gutter, you will have to realize that relying on instinct and survival might not be enough.
If you’ve suffered losses from time to time You’ll need sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your fellow traders from around the world, which is why we’ve identified a platform that can support you in your improvement in the market. In this review, we’ll take a look at Profit.ly, a well-recognized 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 Across Country
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly is an online trading platform that enables traders of different levels to be knowledgeable and accountable, as well as transparent and uplifting with each other by offering a wide array of tools and features such as trade verification, chat rooms and a rich 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 people who are just beginning their journey and as a hub for experienced traders to track their performance through the use of sophisticated analytics tools. Providing users with a wide range of resources for trade and communication and letting traders from every field of business connect with one another. It also allows gurus to make an opportunity to invest in the right areas of this platform. Consider it an online social media platform similar to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and then publishes the information of them in the manner of leaderboards. The trading platform is built on honesty and transparency: it ensures that the trades are valid and won’t accept fake news as long as is humanly possible. It was founded in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine, Sykes said that Profit.ly was driven by its focus “on showing all trades, something that was never previously done.” The idea Sykes said served two goals: 1.) making public records for not just the gurus and newsletter writers and students, and 2) allowing anyone on the platform to gain insight into both the wins and losses to the benefit of the trading industry. Profitly Across Country
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to gain access to a multitude of tools and services that are geared at achieving success. You may set up an account on the site for free, but you’re only limited to having the capability to browse the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time, you will need to subscribe to any of Profit.ly’s offers that we’ll go over shortly.
The process of opening an account is easy: create a profile with your experiences and skills, join to your brokerage account, and you have yourself a chance to shoot your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users a look at their performance as a trading group as well as its gurus. It’s not just a way to show that you’re worthy to the large group of traders, as you can also use Profit.ly to shop 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 information about your account with a brokerage, you may decide to share your trades, whether verified or otherwise, through pictures. Included in Profit.ly is the huge selection of courses in trading as well as the ability to look at statistics on a person’s profile as well as other ways to communicate with your gurus through the chatroom in addition to email and text alerts as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his involvement in the penny-stock market. According to Investopedia, a penny stock refers to a small company’s shares that trade for under $5 for each share. The penny stock market could be viewed as a stepping stone for small companies to move to a large marketplace as it allows them to access capital from the general public. But don’t make the mistake of thinking that it can also be an extremely risky game, as Sykes can surely tell because of his decades of experience.
Beginning in his late years in high school, Tim Sykes has, since then, earned more than $6 million in profits through his lengthy career as trading professional. At 25 years old Sykes was given greater exposure and an even wider influence over time when he was a part of the reality show “Wall Street Warriors.” Then, he made use of the show to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place of transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. These gurus refer to the trading experts who have earned substantial profits through their years of expertise. Profitly Across Country
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you’ll see him focus on the fundamental stock catalysts and use them to predict the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile app that’s available to iOS and 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 highest-quality version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 per month, this is a great option for those who are more involved in the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, such as swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos and new videos released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Profitly Across Country
The Superman Alerts package is his package of vital features and trading alerts geared to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket as well as the mobile app, the daily market commentary shown in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base that is provided by Superman himself, via his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. In addition you’ll also have the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and leave your mark on the industry, Profit.ly has the right amount of resources to help you up and running. The platform has three membership levels that cater to traders at different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
The package called Novice is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. Once you have signed up for this package, you will be immediately provided with a variety of powerful and essential trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat process by itself.
Some of the features you can accomplish with Profit.ly’s Novice program is the ability to verify the results of your trades and track profit as well as leading, following and even texting your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be onto leaderboards; study the results of your analysis, sort, or filter the trades you make and, lastly, view other people’s statistics.
The Novice plan costs $29.95 per monthly payment. While it may look attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, which makes your activities publicly available. If you do want to get access to this feature, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader package allows you to use the majority of features available in the Novice plan. This plan allows that you can create an individual profile that allows you to share with fellow associates all your insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to improve their skills in trading. Although it’s a nice thing, there is one significant feature that is missing. In contrast to the Novice package, you will not be able to see other traders’ stats, which could be a problem for those looking forward to this tier. Profitly Across Country
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. At $74.95 monthly, which includes a 22% discount when billed annually This plan offers everything. You will have full, unrestricted access to all options of the prior plans.
Not only do you get to view other people’s stats as well, you’re also offered the chance to create a private profile. Both of these options, in addition to the advantages you’ll be able to use to their fullest capacity. If you’re looking for a plan that can serve you everything you need as trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly has a few more services it has to provide. One of them is the online store, where customers can choose from a wide array of instructional videos that are designed to inform and help you understand the ins and outs of trading. All of the products featured on this page of the site can be purchased immediately for personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about short stocking, penny stocking, and other things trading-related, clips and scenes from events like 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 variety of features and services. You’re probably familiar with the chat room 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 hands-on area where experts and member traders can communicate and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members. One of them may be laid back and rarely engaged, while another could be more active and in touch with their students. Think of the chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features caters to an array of stock trader types, from novices to experienced professionals. Given the wide range of options it offers, the platform surely has something for everyone.
For instance, newbies will appreciate Profit.ly’s collection of educational content offered throughout the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus and their members. They’ll also be able to select from the products on its store online for them to take wherever they may travel. You can also get hands-on experience trading on the platform, but ultimately they’ll be able to realize that this is a high-stakes game that shouldn’t be treated as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we believe Profit.ly equally suitable to them as people who are just beginning. While the newbies may not be as proficient in managing trading but the experts already know the way it functions and the stack full of risks that come with it. Ideally, they may utilize Profit.ly’s variety of options to their maximum advantage to develop their skills in trading. Like novices, they can learn from the top experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others in order to assist them in the ever-changing trading process. Profitly Across Country
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” platform for trading stocks allows traders across the globe with a wealth of education tools, communication, and trading tools
- You get to be provided with excellent lessons and tips from the 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 other traders that are waiting to reach you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting trades that are not authentic by taking images
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There is truly something for every person
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for most of its users
- If traders decide to make any type of trade, there is the possibility that some of them will profit by picking the most profitable trades to increase the rating This could be a problem that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as the premium customers will immediately benefit from the number of features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it would be yes. But it is important to realize that this platform shouldn’t be viewed as a scheme to get rich quick. It wasn’t designed to be used for this reason. Instead, it is best to keep an open mind. Profitly Across Country
What we mean”yes” is that it could be a useful learning tool. People who are stuck may be able to find Profit.ly’s array of resources helpful when they try their best to reduce loss and perform better than before. It’s not only the struggling traders who will benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely desire to be a better trader and want to learn from your mentors and peers throughout the process, then look no further – Profit.ly could be a good option to begin.
FAQ Profitly Across Country
How do you use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades under the My Trade category on the dashboard. It lets you post your trades that are verified or not. You may choose between three choices:
- Linking your account with your broker of choice and import the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your transactions
How do I know whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there is a high likelihood that it can be verified. This is indicated with the blue check mark. If you upload it manually or through images, it will be classified as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving downvotes from fellow peers. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many are using 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 to help one another learn and improve in acquiring opportunities on the stock market left and right.
