The stock market can be an extremely risky game. Some days, you might enjoy the benefits of positive and satisfactory numbers. However, on other days it could be the reverse, and it may sometimes be extremely difficult to get back to the point you were at your peak. If you are constantly stuck in the gutter, you will have be aware that relying solely on instinct and survival might not be enough.
If you’ve experienced loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need an important boost from fellow traders from around the globe, which is why we’ve identified an option that can help you in your growth in the industry. This review will be taking a look at Profit.ly A well-respected all-in-one 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.
Overall Rating: 4.1/5 Profitly Alaskantiger
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of all levels to be informative and accountable, as well as transparent and to build relationships with one another through its wide array of tools and features like trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and education platform for traders who are just beginning their journey and as a hub for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. It provides users with a vast range of resources for trade and communication that help traders from every field of business connect with each other. It offers gurus with worthwhile investments within the confines that the site. Imagine it as the social media equivalent the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The trading platform is built on transparency and honesty: it makes sure that trades are valid and won’t accept fake news as long as is humanly possible. It was founded many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine, Sykes said that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been done before.” The concept Sykes said served two objectives: one) making public records for everyone, not just the experts and students and newsletter writers, and 2) allowing everyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Profitly Alaskantiger
How Does It How Does It
Profit.ly utilizes a subscription model that lets stock traders gain access to a multitude of tools and services that are geared towards achieving success. You can create an account there for free, but you’re only limited to having the capability to browse the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real time, you will need to subscribe to any of Profit.ly’s offerings that we’ll discuss in the near future.
Making an account simple: Create a profile with your experiences and knowledge, then connect 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 leaders’ board feature as we’ve mentioned earlier it is designed to provide its users a look at the performance of the trading community and its gurus. You’re not just allowed to prove that you’re worthy to the group of traders, as you can also utilize Profit.ly to purchase with a guru, and have the confidence that you are confident with their expertise and the credibility of their claims.
If you’re not comfortable with the concept of leaking your brokerage account, you may choose to publish your trades, verified or not, via pictures. Included in Profit.ly are a variety of trading courses as well as the ability to look at stats in a trader’s profile, and more ways to interact with your experts in the chatroom, as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality 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 just less than 5 cents per share. The penny stock market can be seen as a stepping stone for small-scale businesses to make the transition to a large marketplace as they can access capital from the public. But don’t make the mistake of thinking that it’s also an extremely risky activity, as Sykes can surely tell through his many years of experience.
Since his initial beginnings in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of earnings throughout his illustrious career as trading professional. At the age of 25 Tim Sykes had received more exposure and a wider reach of influence when he was a part of the reality show “Wall Street Warriors.” He then made use of the show to develop trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also played a role in establishing Profit.ly as a place of transparency, and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education tools, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to experts in the field of trading who have made substantial amounts of money from their combined years of knowledge. Profitly Alaskantiger
At its peak, Profit.ly had housed up to five gurus. Each of them a pro within their particular field within the world of trading. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on this platform: the founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 per month, you’ll be able to be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next possible moves in trading.
A single purchase of Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS and Android devices, as well as texts, emails and push alerts and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts program. Priced at $149.95 monthly, this is the perfect plan for those who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features found in the previous plan, which includes swing trading alerts as well as unlimited access to an extensive library of over 7,000 educational videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Profitly Alaskantiger
The Superman Alerts plan is his offer of the most essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist along with the mobile application, daily market commentary in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base provided by Superman himself via the Superman Pro package. On top of the essentials included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. On top of that, you’ll also get an access to high-quality research papers and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re ready to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership levels, each designed for traders of different levels. Let’s break down what these three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. As you sign up for this plan you’ll be given a slew of robust and vital trading tools, all one of them essential in keeping your fingers on what we call a competitive process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice package include the ability to verify the results of your trades and track profit; leading, following, and even messaging your fellow traders, as well as leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze your trades, sort and filter your trades and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per month. While it may look attractive for the price alone, there is a downside. You aren’t able to create a personal profile, thus making your personal information public. If you do want to have the benefit of this service, you should be watching for us to introduce to you Profit.ly’s new plan.
Trader Plan
The Trader package allows you to use many of the features of the novice plan. This plan allows that you can set up an individual profile that allows you for sharing with fellow associate users all the insights 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 people who want 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 won’t be able to view the statistics of other traders that could be a disadvantage for those eager to try this new tier. Profitly Alaskantiger
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly can offer to experienced traders. At $74.95 monthly, with 22% off when billed annually This plan offers everything. You will have full, unrestricted access to all options of the previous plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the chance to create an individual profile. Both of these options, plus the other benefits that you can use to the fullest potential. If you’re looking for an option that gives you with everything you require as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly offers a number of additional services that it can offer. One of these is its online store, which allows users to pick from a range of instructional videos that are that are designed to educate and help you understand the ins and outs of trading. Each of the offerings listed in this section of the website is available to be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other aspects of trading. There are also clips and footage taken from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s variety of features and services. You may be familiar with chat rooms since you can see it across social and messaging platforms as well as some specialty websites that offer live chat assistance. However, in Profit.ly it’s seen as a real-time place where gurus and their member traders can communicate and exchange knowledge in real-time. Each guru has their style when it comes to running their chat room and dealing with the listed members there. Some may be laid back and not very often active, while another might be more online and communicative to their pupils. Think of chat rooms like Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s diverse range of products and features are geared towards the wide range of stock traders, ranging from novices to experienced professionals. With the variety of deals it can provide this platform definitely has something for everyone.
Beginners, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. Not only will they be provided with videos every week and chat room advice by its internal gurus and their members. They’ll also be able to pick from the merchandise available on its store online to carry with them wherever they be. They can also gain hands-on experiences by trading through the platform, however, they will soon learn that this is a high stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had many years of experience down the line, we believe Profit.ly as equally as suitable to them as the newcomers. While the newbies may not be as adept at managing trading however, experienced traders know the way it functions and the stack full of risks that come with it. In the ideal scenario, they can use Profit.ly’s range of features to their best advantage to develop their trading abilities. Like novices, they can study from the gurus and experts , and use those simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices or semi-experienced trader. Experts who have been verified can also participate in the fun! People in the trade industry who are at similar levels to Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to help guide them through the ever-illustrious trading process. Profitly Alaskantiger
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with tons of learning communications, trading, and communication tools
- You’ll receive excellent training and advice from the company’s inside experts, as well as libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly by using accurate data 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
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates – there truly is something for everyone
The Cons
- Profit.ly’s abundance of products and packages offered might not be enough for the majority of its customers
- Since traders can choose to post any kind of trade, there’s an opportunity that some them will profit by selecting the best trades in order to improve their ratings this could be a concern that should not be overlooked.
- Profit.ly does not offer refunds as its premium users will immediately take advantage of the numerous services the platform has to offer
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The Final Verdict: Is Profit.ly Worth It?
If we could think of an answer to this question, it’s yes. But you need to understand that this platform shouldn’t be viewed as a get-rich-quick scheme. It wasn’t intended to be created to achieve this goal. Instead, it is best to keep curiosity. Profitly Alaskantiger
What we mean”yes” is it could be a useful learning tool. Those who may be stuck might be able to find Profit.ly’s variety of resources useful in their efforts to reduce loss and perform better than before. Not only poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly desire to be better at trading and wish to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Profitly Alaskantiger
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers a trade entry portion within the ‘My Trade category on the dashboard that lets you record your trades, verifiable or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually inputting your trades with specified spaces and information.
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a trusted brokerage, there’s the chance that it is verifiable. This is indicated with the small blue check. If you upload it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of getting downvotes from your colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are looking to earn maximum profits but also assist each other to learn and improve in acquiring stock market opportunities all over the world.
