Stock trading is an exciting game with high stakes. On certain days, you could 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 most productive. If you are constantly stuck in the gutter, you will have to realize that relying on your instincts and preserving is not always enough.
If you’ve experienced losses from time to time and you’re likely to require solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your fellow traders from around the world, which is why we’ve discovered a platform that can support you to improve your performance in the industry. In this review, we’ll be taking the time to look at Profit.ly A well-respected 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 Along The Market
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that permits traders of various levels to be informed and accountable, as well as transparent and to build relationships with each other by offering a wide variety of tools and features including chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for those who are starting out and also as a platform for traders who are experienced to monitor their performance with the help of cutting-edge analytics tools. Offering users a broad range of resources for trade and communication and letting traders from all walks of life network with each other. It offers gurus with worthy investments within the boundaries of the platform. Think of it as an online social media platform similar like Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The trading platform is built on honesty and transparency: it guarantees that the trades are valid and won’t tolerate inauthenticity as much as possible. It was founded years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of all trades, something that was never previously done.” The concept Sykes said served two objectives: one) making public records for all traders, not just the gurus as well as students and newsletter writers, and 2) making it possible for everyone on the platform to be enlightened by both losses and wins to benefit the industry of trading. Profitly Along The Market
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of services and features geared towards achieving success. You may set up an account there at no cost, however you’re only limited to having the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out what stocks the experts are trading in real-time, you will need to join one of Profit.ly’s offerings that we’ll discuss in the near future.
The process of opening an account is simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account, and you’ll have a chance to shoot through the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users an insight into the performance of the trading community as well as its gurus. It’s not just a way to demonstrate your worth to a group of traders, but you can also use Profit.ly to purchase with a professional with the assurance that you’re comfortable of their knowledge and the veracity of their assertions.
If you are unsure about the idea of sharing the details of your broker account then you could choose to publish your trades, either verified or not, via screenshots. In Profit.ly is the huge selection of courses in trading and the capability to see the stats of a trader’s account as well as other ways to interact with your experts through the chatroom along with 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 has been famously known for his involvement in penny stock trading. According to Investopedia Penny stock refers to a small company’s stock that trades for under $5 for each share. The penny stock market could be viewed as a stepping stone for small-scale businesses to make the transition to a market that is larger as it gives them access to capital from the public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell thanks to his years of experience.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, earned an estimated $6 million earnings through his lengthy career as a trader. At the age of 25 Tim Sykes had received greater exposure and an even wider influence over time when he was a part of the reality show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a platform 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 most appealing features is the vast array of educational tools, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have earned substantial amounts of money from their combined years of experience. Profitly Along The Market
At its peak, Profit.ly had housed up to five gurus. Each of them a professional within their particular field within the world of trading. Some of the prominent experts were 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 the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll be able to see him concentrate on the basic stock catalysts and employ them to anticipate the next moves that could occur when trading.
A purchase on its own from Tim’s Alerts will get you access to the chatroom as well as the mobile application that is available on iOS as well as Android devices, as well as 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 that has been upgraded of the Tim’s Alerts package. At $149.95 monthly, this is an ideal plan for investors who are committed to penny stock trading. Pennystocking Silver offers all the essential features that were included in the previous plan, including alerts for swing trading and access to a rich library of over 7,000 educational videos, with new ones released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly Along The Market
The Superman Alerts plan is his package of vital features and trading alerts targeted to those interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket and the mobile application, daily market commentary in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge provided by Superman himself, via his Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. In addition, you’ll also get access to premium research reports and the IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the trading community on the internet and leave your mark on the industry, Profit.ly has the right amount of tools to get you up and running. The platform has three membership levels that cater to traders with different levels. Let’s take a look at what these three tiers are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the world of trading. Once you have signed up for this package you’ll be given a slew of robust and indispensable trading tools, each one of them essential in keeping your hands on what we can describe as a cutthroat procedure in its own.
Among the list of things you can do with Profit.ly’s Novice package is the ability to verify trades and track profits and follow-up, leading and even chatting with your fellow traders, as well as leaving feedback on today’s trades. You can also get onto leaderboards; study, sort, and filter your trades; and, lastly, view other’s stats.
The Novice plan costs $29.95 per month. While it may look attractive just by the price but there’s a disadvantage. You can’t create a private profile, which makes your personal information public. If you do want to have an account with this option, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows users to benefit from many of the features of the novice plan. It is in this plan that you are able to create an individual profile that allows you for sharing with fellow associate users all your knowledge and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to develop their skills in trading. As nice as it seems however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you won’t be able view other traders’ stats that could be a problem for those eager to try this new tier. Profitly Along The Market
Pro Plan
This is by far the most premium package that Profit.ly offers to experienced traders. With $74.95 per month, with 22% off for billing annually the Pro plan has everything. You will have full, unrestricted access to all features from the two previous plans.
You’re not only able to look at other people’s statistics as well, you’re also offered the option of creating a private profile. Both of these options, on top of all the advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve you with everything you require as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly offers a number of additional services that it can offer. One of those is its online store, where customers can choose from a wide array of videos created to provide guidance on the nuances and pitfalls of trading. The products listed on this page of the site can be purchased immediately for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other aspects of trading. There are also clips and footage of 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 range of services and features. You may be familiar with chat rooms since you can find it throughout social and messaging platforms in addition to a few special websites that offer live chat assistance. But in Profit.ly, it is seen as a real-time space where experts and their member traders can communicate and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members. One might be more laid back and not very often active, while another may be more interactive and online to their pupils. Think of the chat rooms like 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 novices to the most experienced. Given the wide range of options it offers this platform definitely has something for all.
For instance, newbies will appreciate Profit.ly’s knowledge-based content offered throughout the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus as well as their members. They’ll also be able select from the products on its store online for them to take wherever they be. You can also get hands-on experience trading on the platform, however they’ll realize that the process is a high-stakes game that should not be viewed as an opportunity to make fun of.
For the traders with years of exposure down the line, we see Profit.ly equally suitable to those who are just starting. 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 it carries. Ideally, they may make use of Profit.ly’s array of options to their maximum advantage to develop their trading skills. Like beginners, they can learn from the top experts and experts and utilize those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are on an equal level with Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others in order to guide them through the ever-illustrious trading process. Profitly Along The Market
Profit.ly’s Pros and Pros and
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 tools, communication, and trading tools
- You’ll be provided with excellent lessons and insights from its internal experts, which include libraries of educational videos and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your reputation as a reliable and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via images
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There’s something for all
The Cons
- Profit.ly’s numerous products and packages offered might be too much for most of its customers
- Since traders can choose to post any kind of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to improve their ratings this could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds, as its premium users are expected to immediately take advantage of the numerous services the platform has to provide
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The Final Concluding Question: Is Profit.ly worth it?
If we could come up with the answer, it would be a ‘yes’. However, you must realize that it shouldn’t be treated as a scheme to get rich quick. It wasn’t meant to be designed in this way. Instead, you need to have curiosity. Profitly Along The Market
What we mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they may discover Profit.ly’s array of resources useful as they do their best to avoid losses and be more successful than they did before. It’s not just the struggling traders that will benefit from the platform. It can accommodate beginners and even experts in the field!
So, if you genuinely want to become a better trader and want to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Profitly Along The Market
How do you use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades in the My Trade section of the dashboard which lets you post your trades that are verified or not. There are three options:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using 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 purchase your trade from a trusted brokerage, there’s the chance that it is verifiable. This is evident by the small blue check. If you submit it in a manual way or by taking pictures, it will be assigned as unverified.
The drawback of posting an unauthenticated trade is the chance of getting downvotes from your fellow peers. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile version of the app is compatible with most working smartphones and tablets.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders as they not only are looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market both right and left.