Stock trading can be an exciting game with high stakes. Some days, you might enjoy the benefits of pleasing and positive numbers. However, on other days you may experience the opposite and it could be extremely difficult to return to the point you were at your best. If you are immersed in the water, you will have be aware that relying solely on your instincts and preserving might not be enough.
If you’ve suffered losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the globe. That’s why we’ve discovered a platform that can support you in your growth in the industry. This review will take the time to 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.
Overall Rating: 4.1/5 Profitly Along Margin
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 permits traders of different levels to be knowledgeable responsible, transparent, and to build relationships with each other through its broad range of features and tools like trade verification, chat rooms and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for traders new to trading and as a hub for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. It provides users with a vast range of resources for communication and trade that help traders from all walks of life connect with each other. It also allows gurus to make worthy investments within the boundaries of this platform. Think of it as a social media site akin to Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform’s trading model is based on transparency and honesty: it guarantees that the trades are valid and won’t accept fake news as long as possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes said that Profit.ly was driven by its focus “on showing all trades, something that was never prior to.” The idea was, he said, serving two purposes: 1) making public records for all traders, not just the gurus as well as newsletter authors and students and secondly) giving all users to gain insight into the losses and wins for the trading industry’s benefit. Profitly Along Margin
How Does It How Does It
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of features and services aimed toward achievement. 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 interested in investing your money to see which stocks the gurus are trading in real time You’ll need to subscribe to any of Profit.ly’s deals, which we will go over shortly.
Making an account simple: Create an account that includes your personal information and expertise, connect to your brokerage account, and you’ll be given a chance to shoot your way up to high on the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a glimpse of the performance of the trading community as well as its gurus. You’re not just allowed to show value to a large group of traders. You can also utilize Profit.ly to shop from a guru 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 information about your account with a brokerage, you can choose to publish your trades, either verified or not, via screenshots. In Profit.ly are a variety of trading classes as well as the ability to look at stats in a trader’s profile and other methods to interact with your experts in the chatroom, along with notifications via email or text 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 has been famously known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at less than $5 per share. The trading of penny stocks can be seen as an avenue for small businesses to transition to a large marketplace as it gives them access to money from the public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes is sure to reveal through his many years of expertise.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, made an estimated $6 million earnings during his long and successful career as a trader. At 25 years old Tim Sykes had received greater exposure and an even wider impact as a participant in the reality series “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms and penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place for transparency, and for the community to lift each other up and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning sources, 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 substantial amounts of money from their combined years of experience. Profitly Along Margin
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their niche in the field of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few 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. In light of that we’ll take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll observe him focus on basic stock catalysts and employ them to forecast the next move that is possible when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom as well as the mobile app that’s available on iOS and Android devices; text, e-mail and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. It costs $149.95 for a month this is a great option for those who are more committed to the penny-stock market. Pennystocking Silver comes with all the standard features found in prior plans, which includes swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos and new videos released weekly.
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In “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 when he first started trading, Superman has amassed over $5.5 million in trading earnings. Profitly Along Margin
The Superman Alerts plan is his offering of essential features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get access to the daily premarket stock watchlist along with the mobile app, the daily market commentary in real-time, as well as SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, plus access to an extensive base of knowledge of information 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 lessons, including the growing collection of other previous ones. Additionally, you’ll also get the ability to access premium reports on research as well as an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of tools to get you going. The platform offers three membership levels, each designed for traders with different levels. Let’s break down what these three tiers are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading world. As you sign to this plan you’ll be given a slew of robust and essential trading tools, all one of them essential in keeping your fingers on what call a competitive process in and of itself.
Among the list of things you can do using Profit.ly’s Novice package include the ability to confirm trades and track profits; leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards; analyze your trades, sort or filter the trades you make; and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. Although it looks attractive for the price alone but there’s a disadvantage. You can’t create a private account, making your actions public. If you’re looking to have an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package allows you to take advantage of a majority of features from The Novice package. This plan allows that you are able to create an account that is private to share with fellow associate users all the insights and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to develop their expertise in trading. While it’s nice however, there’s a crucial element that’s missing. As opposed to the prior Novice package, this one won’t be able to see other traders’ statistics this could be a disadvantage for those who are looking forward to this tier. Profitly Along Margin
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly can offer to experienced traders. It costs $74.95 monthly, which includes 22% off for annual billing the Pro plan has it all. It gives you full, unlimited access to all the features of the prior plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the opportunity to create a private profile. These two features are on top of all the advantages that you can utilize to their fullest capacity. If you’re in search of an account that will give all the features you need to be a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly provides a variety of more services it has to offer. One of those is its online store, which allows users to select from a variety of videos created to provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the website is available to be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, as well as all aspects of trading. There are also clips and scenes from events like the Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are included in Profit.ly’s range of services and features. You are probably familiar with the chat room since you can see it across social and messaging platforms, in addition to a few special websites that provide live chat assistance. But on Profit.ly, it is seen as a real-time place where gurus and their member traders can communicate and learn in real time. Every guru has their own style in operating their chat room and in dealing with the members there. One of them may be a laid-back person who is not very often active, while another may be more online and communicative to their pupils. Consider chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, from beginners to experienced pros. With the variety of deals it offers this platform definitely has something for everyone.
For instance, newbies will enjoy Profit.ly’s library of learning content offered throughout the platform. They will also get daily videos and chat room advice by its internal gurus as well as their members. They’ll also be able to choose from the items on its store online to carry with them wherever they may travel. Additionally, they can gain practical experience trading on the platform, however they’ll be able to realize that the process is a high-stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had years of exposure down the line, we believe Profit.ly as equally as suitable for them as it is for the newcomers. While novice traders may not be as adept at handling trading matters however, experienced traders know how it works and the risky mix that it carries. In the ideal scenario, they can use Profit.ly’s array of options to their maximum advantage to improve their skills in trading. Like novices, they can learn from the top experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Verified experts can also join in the fun! Those in the trading industry who are on similar levels to Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Profitly Along Margin
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with tons of learning, communication, and trading tools
- You get to be taught by experts and insights from its internal experts, which include video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription plans and guru packages are priced at reasonable prices There’s something for all
The Cons
- Profit.ly’s abundance of packages and services offered could be too much for a lot of its users
- Since traders can choose to make any type of trade, there is an opportunity that some them could profit from selecting the best trades in order to improve their ratings – this may be a concern that should not be ignored.
- Profit.ly does not offer refunds as the premium customers are expected to instantly benefit from the number of services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with the answer, it’s a ‘yes’. However, you must realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform was not always designed to be used to achieve this goal. Instead, you need to have the ability to think with an open heart. Profitly Along Margin
What we are referring to by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they may discover Profit.ly’s variety of resources helpful when they try their best to reduce losses and be more successful than they did before. Not only poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely want to become better at trading and wish to learn from your fellows and gurus throughout the process, then take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Profitly Along Margin
How can you make use of Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries within the ‘My Trade’ category of the dashboard. It lets you post your trades, verifiable or otherwise. 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 the spaces provided and details
- Upload a screenshot of your trades
What can I do to determine whether the trade is authentic or not?
If you buy your trade from a reputable brokerage, there’s an excellent likelihood that it can be verified. This is indicated with the blue check mark. If you upload the information manually or via screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of getting downvotes from your colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are trying to maximize profits but also to help one another learn and improve in acquiring opportunities in the stock market both right and left.
