Stock trading can be an extremely risky game. Some days, you could enjoy the benefits of pleasing and positive numbers. On other days, however you may experience the opposite and it can be extremely difficult to return to where you were your peak. If you are always in the mud You will need to realize that relying on instinct and survival may not always be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from trading partners from all over the world, which is why we’ve discovered an option that can help you in your growth within the field. This review will be taking an in-depth look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitly Alongside A Business
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly is an online trading platform that allows traders of various levels to be informative responsible, transparent, and to build relationships with one another through its wide variety of tools and features such as trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for traders who are just beginning their journey and as a hub for experienced traders to track their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources to facilitate trade and communication, it helps traders from every field of business connect with each other. It also allows gurus to make worthy investments within the boundaries that the site. Consider it a social media site akin the likes of Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and then publishes the information of them in the manner of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are authentic and won’t allow for fraud as much as is humanly possible. It was created years ago by the penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes publication, Sykes stated that Profit.ly was based “on the transparency of the entire spectrum of trades, something which has never been done before.” The concept, he added, served two goals: 1.) keeping track of public data for not just the gurus and students and newsletter writers and secondly) allowing all users to gain insight into both the wins and losses to the benefit of the trading industry. Profitly Alongside A Business
How Does It Work?
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of services and features geared at achieving achievement. You may set up an account on the site for free, but you’re only given access to the leaderboard and follow the activities of people who aren’t gurus. If you’re looking to invest your money in order to find out which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s deals, which we will review in the coming days.
Setting up an account is simple: Create a profile with your experiences and expertise, connect your brokerage account, and you have yourself a chance to shoot your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was mentioned previously it is designed to provide its users a glimpse of the performance of the trading community and its gurus. You’re not just allowed to show your worth to a large group of traders, but you can also utilize Profit.ly to purchase with a professional with the assurance that you’re confident with their expertise and the credibility of their assertions.
If you are unsure about the idea of divulging the details of your broker account you can choose to publish your trades, verified or not, via screenshots. Also included in Profit.ly are a variety of trading courses as well as the ability to look at the stats of a trader’s account as well as other ways to communicate with your gurus in the chatroom, as well as notifications via email or text as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for his efforts in trades in penny stocks. According to Investopedia Penny stock is a small business’s shares that trade for less than $5 per share. Penny stock trading is an avenue for small-scale businesses to make the transition to a large marketplace as it gives them access to capital from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes is sure to reveal thanks to his years of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, earned an estimated $6 million profit through his lengthy career as trading professional. At 25 years old Sykes was given more exposure and a wider impact as a participant in the reality show “Wall Street Warriors.” He used the opportunity to establish trading rooms, penny stock themes, and educational content geared toward those who are new to trading. He also helped to establish Profit.ly as a place for transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have proven to make substantial profits from their collective years of expertise. Profitly Alongside A Business
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the trading industry. Some of the most famous experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him focus on the fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A purchase on its own from 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 text, e-mail and push alerts and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. At $149.95 per month, it is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver includes all the basic features that were included in earlier plans such as alerts for swing trading and access to an extensive library of more than 7,000 instructional videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Profitly Alongside A Business
The Superman Alerts plan is an package of vital features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access daily premarket stock watchlist along with the mobile app, daily market commentary shown in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to the extensive knowledge base that is provided by Superman himself via the Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessons, including a growing library of all the previous ones. Additionally you’ll also gain the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave your mark on the market, Profit.ly has the right amount of resources to get you going. Profit.ly offers three membership levels that are designed to accommodate traders of different levels. Let’s break down what these three 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 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 them integral in keeping your fingers on what can describe as a cutthroat process by itself.
Some of the features you can do using Profit.ly’s Novice package include the capability to check the results of your trades and track profit as well as leading, following and even texting your fellow traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study, sort, and filter your trades and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone however, there’s a drawback. It isn’t possible to create a private profile, which makes your personal information public. If you do want to get an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader plan allows you to use many of the features of the novice plan. This plan allows that you can create a private profile to share with fellow associate users all the insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to harness their expertise in trading. As nice as it seems, there is one significant element that’s missing. In contrast to the Novice package, this one won’t be able to see other traders’ statistics, which might be a drawback for those who are anticipating this level. Profitly Alongside A Business
Pro Plan
This is by far the most luxurious package Profit.ly can offer to experienced traders. It costs $74.95 monthly, with an additional 22% discount for billing annually This plan offers it all. It gives you full, unlimited access to all features of the previous plans.
You’re not only able to look at other people’s statistics, but you’re also given the option of creating a private profile. These two features are plus the other benefits that you can use to their fullest capacity. If you’re in search of an account that will give you with everything you require as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the trainer tools and leadersboards Profit.ly has a few other services they provide. One of these is its online store, where customers can pick from a range of videos designed to inform and help you understand the ins and outs of trading. The products listed on this page of the website is available to be immediately purchased for personal use. Among these products include best-sellers such as the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and all other things trading-related, clips and scenes from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s variety of services and features. You’re probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms, as well as some specialty websites that offer live chat support. But on Profit.ly the chat room is viewed as a real-time place where gurus and their members can interact and learn in real time. Every guru has their own way in running their chat rooms and in dealing with the members. Some may be more laid back and less engaged, while another could be more active and in touch with their students. Think of the chat rooms as Profit.ly’s version of the forum, in its essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features are geared towards an array of stock traders, ranging from beginners to experienced pros. With the variety of deals it offers this platform definitely has something for all.
For instance, newbies can take advantage of Profit.ly’s collection of educational materials available across the platform. They will also be enriched with weekly videos and chat room tips by its internal gurus and their members. They’ll also be able to pick from the merchandise available in its online store for them to take wherever they be. You can also get hands-on experience trading on the platform, but eventually they’ll realize that trading is a risky game that shouldn’t be taken as an amusing pastime.
For the traders with many years of experience down the road, we consider Profit.ly as equally as suitable to people who are just beginning. While novice traders may not be as adept at handling trading matters but the experts already know the way it functions and the risky mix that it carries. It is ideal to utilize Profit.ly’s array of options to their maximum advantage to improve their trading skills. As beginners, they are able to study from the gurus as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature 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 at similar levels to Superman and 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 assist them in the ever-changing trading process. Profitly Alongside A Business
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ platform for trading stocks allows it to provide traders everywhere with a wealth of education, communication, and trading tools
- You will receive excellent training and insights from its internal experts, which include video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking photographs
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There’s something for all
The Cons
- Profit.ly’s numerous packages and products offered may be too much for a lot of its customers
- Since traders can choose to post any kind of trade, there is the possibility that some of them could profit from selecting the best trades in order to improve their ratings this could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds, as the premium customers will immediately take advantage of the numerous services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we were able to come up with 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. It wasn’t designed to be used to achieve this goal. Instead, you should have the ability to think with an open heart. Profitly Alongside A Business
What we do mean by ‘yes’ is that it can be a great learning tool. Those who may be stuck could find Profit.ly’s range of resources to be helpful when they try their best to incur lesser loss and perform better than before. It’s not just the poor traders that can benefit from this platform. It is able to accommodate novices and even experts!
If you really 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 Alongside A Business
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion under the My Trade category on the dashboard. It allows you to post your trades, verifiable or otherwise. There are three choices:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Take a photo of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there’s the chance that it is verifiable. This is evident by the blue check mark. If you post it in a manual way or by taking images, it will be classified as unverified.
The drawback of posting an unauthenticated trade is the possibility of getting downvotes from your fellow peers. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Is the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download via the Apple App Store and on the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just looking to earn maximum profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market left and right.
