The stock market can be a high-stakes game. On certain days, you could enjoy the benefits of positive and satisfying numbers. On other days you may experience the opposite, and it may sometimes be very difficult to return to where you were at your most productive. If you are constantly stuck in the gutter You will need to realize that relying on pure instinct and preservation is not always enough.
If you’ve suffered loss from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need a significant boost from your fellow traders from around the globe, which is why we’ve discovered a platform that can support you in your growth within the field. We’ll take a look at Profit.ly A well-respected 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profitly Against The Spread
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of all levels to be informed, transparent, accountable, and uplifting with each other through its broad range of features and tools including trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for people who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance using the aid of cutting-edge analytics tools. Providing users with a wide array of options for trade and communication, it helps traders from every field of business connect with one another. It gives the gurus an opportunity to invest in the right areas that the site. Think of it as the social media equivalent the likes of Facebook and Reddit however it is geared towards experts 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 guarantees that the trades are authentic and won’t accept fake news as long as it is possible. It was established in the past by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes stated that Profit.ly was driven by its focus “on the transparency of the entire spectrum of trades, something which has never been done before.” This idea, he added, served two purposes: 1) creating public track records for not just the gurus, but also the newsletter writers and students as well as) allowing anyone on the platform to learn from both the wins and losses for the trading industry’s benefit. Profitly Against The Spread
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of services and features geared toward achievement. It is possible to create an account on the site for free, but you’re only given the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time, you will need to join one of Profit.ly’s offers, which we will discuss in the near future.
Setting up an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you’ll have the chance to climb your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users an insight into their performance as a trading group as well as its experts. You’re not just allowed to demonstrate that you’re worthy to the group of traders, as you can also use Profit.ly to purchase with a professional with the assurance that you’re confident of their knowledge and the veracity of their claims.
If you are unsure about the idea of divulging your brokerage account, you can decide to share your trades, verified or not, via screenshots. Also included in Profit.ly is the huge selection of trading courses as well as the ability to look at statistics on a person’s profile as well as other ways to connect with your gurus in the chatroom, in addition to email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for delving his hands into trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at less than $5 per share. The penny stock market is an opportunity for small companies to move to a large marketplace as they can access funds from the public. But don’t make the mistake of thinking that it’s also an extremely risky game, as Sykes will be able to tell you thanks to his years 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 earnings throughout his illustrious career as trader. When he was 25 years old, he had been given more exposure and a wider influence over time as a participant in the reality show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms and penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped establish Profit.ly as a place of transparency and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of learning resources, trade alerts, as well as other useful information provided by the company’s internal gurus. These gurus refer to the trading experts who have proven to make significant amounts of profit from their combined years of experience. Profitly Against The Spread
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing however, 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 look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 for a month you will be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A purchase on its own 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.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. At $149.95 per month, this is the perfect plan for investors who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features found in the previous plan, such as swing trading alerts and unlimited access to a library of over 7,000 educational videos and new videos released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “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 all-time trading earnings. Profitly Against The Spread
The Superman Alerts package is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain access daily premarket stock watchlist and the mobile app, the daily market updates in real-time, as well as email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base of information provided by Superman himself through Superman Pro. Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. On top of that you’ll also gain access to premium research reports and the IPO or earnings monitor.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave a mark in the market, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership levels that cater to traders at different levels. Let’s look at what the three levels are and what 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 trading community. Once you have signed up for this plan, you will be immediately given a slew of robust and vital trading tools, all of them integral in keeping your hands on what we can describe as a cutthroat process by itself.
Some of the features you can do using Profit.ly’s Novice program is the ability to confirm 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 your trades, sort and filter your trades; and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per month. While it may look attractive just by the price however, there’s a drawback. It isn’t possible to create a private account, making your actions public. If you’re interested in get access to this feature, stay tuned as we introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to take advantage of a majority of features from the Novice plan. In this plan, that you can create an account that is private for sharing with fellow associate users all your knowledge and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan does what the name suggests caters for those looking to harness their trading skills. Although it’s a nice thing but there’s one important feature that is missing. In contrast to the Novice package, you won’t be able to see the statistics of other traders, which might be a drawback for some who may be anticipating this level. Profitly Against The Spread
Pro Plan
This is by far the most luxurious package Profit.ly offers to experienced traders. At $74.95 monthly, which includes a 22% discount for annual billing This plan offers everything. You will have full, unrestricted access to all the features from the two previous plans combined.
Not only do you get to see other users’ stats, but you’re also given the opportunity to create your own private profile. Both of these options, in addition to the benefits that you can use to the maximum extent. If you’re in search of a plan that can serve you everything you need as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly provides a variety of additional services that it can provide. One of them is the online store, which allows users to select from a variety of instructional videos that are created to guide you through the nuances and pitfalls of trading. All of the products featured in this section of the website can be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and clips taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You are probably familiar with the concept of chat rooms since you can see it across social and messaging platforms, as well as some specialty websites that provide live chat support. But on Profit.ly the chat room is viewed as a hands-on place where gurus and their members trade and learn 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 active, while another might be more online and communicative with their students. Consider chatrooms as Profit.ly’s version of the forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to the wide range of stock traders, ranging from beginners to experienced pros. Given the wide range of options it can provide this platform definitely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s knowledge-based materials available across the platform. In addition, they will be provided with videos every week and chat room tips by its internal gurus as well as their members. Additionally, they can choose from the items from its online store that they can take with them wherever they may be. You can also get hands-on experiences from trading within the platform, but eventually they’ll realize that the process is a high stakes game that should not be viewed as a joke.
For those traders who have had years of exposure down the line, we see Profit.ly equally suited for them as it is for people who are just beginning. While the newbies may not be as well-equipped with dealing with trading issues, the pros already understand how it works along with the risky mix that come with it. In the ideal scenario, they can utilize Profit.ly’s variety of features to their full advantage to improve their trading skills. As beginners, they are able to study from the gurus and experts and utilize those simple tips and hints to help them along.
Profit.ly’s “all-in” approach doesn’t just apply to newbies and semi-experienced traders. Certified experts can also take part in the enjoyment! Those in the trading industry who are at an equal level with Superman or Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Profitly Against The Spread
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with tons of learning, communication, and trading tools
- You get to be taught by experts and insights from its internal experts, which include libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through images
- Profit.ly’s variety of subscription plans and guru packages are priced at affordable rates There is truly something for every person
The Cons
- Profit.ly’s numerous products and packages offered might seem overwhelming for the majority of its users
- As traders may opt 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 concern that should not be overlooked.
- Profit.ly does not accept refunds because the premium customers will immediately benefit from the many services that the platform can provide
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The Final Concluding Question is: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s a ‘yes’. But it is important to realize that the platform should not be used as a scheme to get rich quick. The platform was not always meant to be designed to achieve this goal. Instead, you should have an open mind. Profitly Against The Spread
What we do mean by ‘yes’ is that it is a fantastic learning tool. Those who may be stuck might find Profit.ly’s array of resources to be helpful when they try their best to avoid loss and perform better than they did before. It’s not just the struggling traders that will profit from the platform. It can accommodate beginners and even experts in the field!
If you really desire to be more successful in trading and would like to be taught by your peers and experts throughout the process, then you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Profitly Against The Spread
How can you make use of Profit.ly to post your trades?
Profit.ly offers a trade entry portion in the My Trade section of the dashboard which lets you post your trades, either verified or not. You may choose between three options:
- Linking your account with your broker of choice and import transactions directly through there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your trades
How do I know whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there is an excellent likelihood that it can be verified. This is indicated with the blue check mark. If you post the information manually or via pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the risk of receiving downvotes from colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, where users are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile application still available?
As of this 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 functioning tablets and smartphones.
How many are on 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 stock market opportunities left and right.