Stock trading is a high-stakes game. Some days, you could enjoy the benefits of positive and satisfying numbers. On other days it could be the reverse and it could be extremely difficult to return to where you were your best. If you find yourself always in the mud, you will have to realize that relying on instinct and survival might not be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve found an online platform that will help you in your growth in the market. This review will take an in-depth look at Profit.ly is a well-known 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 Alongside A Company
Users Experience 4.5/5
Profit.ly offers an internet-based trading service that allows traders of various levels to be informative responsible, transparent, and uplifting with each other through its broad variety of tools and features including trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a trading website which serves as a training and learning platform for traders who are starting out and also as a platform for experienced traders to track their performance using the aid of cutting-edge analytics tools. It provides users with a vast variety of tools for communication and trade and letting traders from all walks of life connect with one another. 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 however it is geared towards traders and experts.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it makes sure that trades are authentic and won’t accept fake news as long as is humanly possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes stated that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never done before.” This idea, he added, served two objectives: one) making public records for not just the gurus as well as students and newsletter writers as well as) making it possible for everyone on the platform to gain insight into both losses and wins to the benefit of the trading industry. Profitly Alongside A Company
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of tools and services that are geared at achieving success. It is possible to create an account there for free, but you’re limited to the capability to browse the leaderboard and follow the actions of non-gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time, you will need to join one of Profit.ly’s deals that we’ll go over shortly.
Making an account simple: Create a profile with your experiences and skills, join to your brokerage account and you’ll be given an opportunity to make your way to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned it is designed to provide its users an insight into their performance as a trading group and its gurus. It’s not only a chance to show your worth to a group of traders, but you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you’re not comfortable with the idea of divulging the details of your broker account you can decide to share your trades, whether verified or otherwise, through screenshots. In Profit.ly is the huge selection of trading classes and the capability to see the stats of a trader’s account, and more ways to interact with your experts via chatrooms in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his involvement in penny stock trading. According to Investopedia, a penny stock refers to a small company’s shares that trade for less than $5 per share. Penny stock trading is a stepping stone for small businesses to transition to a market that is larger as they can access capital from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes will be able to tell you thanks to his years of expertise.
Since his initial beginnings in the latter years of high school, Tim Sykes has, since then, earned more than $6 million in profit through his lengthy career as trading professional. At 25 years old, he had been given more exposure and a wider influence over time as a participant in the reality series “Wall Street Warriors.” He then used the opportunity to develop trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also played a role in establishing Profit.ly as a place of transparency, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the wide range of educational tools, trade alerts and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have made substantial amounts of money from their collective years of expertise. Profitly Alongside A Company
At its height, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing however, only two gurus 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. When we take that into account Let’s look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 for a month you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to predict the next possible moves in trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS and Android devices, as well as email, text, and push alerts; and a daily stock watchlist.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 monthly, this is an ideal plan for those who are involved in penny stock trading. Pennystocking Silver includes all the basic features of earlier plans including swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in trading profits. Profitly Alongside A Company
The Superman Alerts package is his package of vital features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist along with the mobile app, daily market commentary shown in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base of information provided by Superman himself, via his Superman Pro package. In addition to the basic features included in the Alerts plan, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. Additionally you’ll also have access to premium research reports and the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the online trading community and leave a mark in the field, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership tiers, each designed for traders of different levels. Let’s break down what these three levels are and what they’ll cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are new to the trading community. Once you have signed to 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 can describe as a cutthroat process by itself.
The list of features you can do with Profit.ly’s Novice program is the ability to confirm trades and track profits and follow-up, leading and even chatting with your fellow traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study your trades, sort as well as filter trades and lastly, look at 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. You can’t create a private profile, thus making your personal information public. If you do want to have the benefit of this service, keep an eye on us as we present to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets you to take advantage of a majority of features from the novice plan. In this plan, that you are able to create a private profile for sharing with fellow associate users all your knowledge and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to develop their expertise in trading. Although it’s a nice thing however, there’s a crucial element that’s missing. In contrast to the Novice package, this one won’t be able to view other traders’ stats that might be a drawback for those eager to try this new tier. Profitly Alongside A Company
The Professional plan can be described as the most premium package that Profit.ly could offer for seasoned traders. At $74.95 monthly, with 22% off when billed annually, this tier has it all. You get full, no-holds-barred access to all options of the previous plans.
In addition, you’ll be able to see other users’ stats as well, you’re also offered the option of creating your own private profile. Both of these options, plus the other advantages that you can utilize to their fullest capacity. If you’re in search of a plan that can serve you with everything you require as a skilled trader, maybe the Pro tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly has a few more services it has to 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. Each of the offerings listed in this section of the site can be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series by trader specialist 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 clips of events like the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of features and services. You may be familiar with the concept of the chat room since you can see it across social and messaging platforms in addition to a few special websites that offer live chat assistance. But in Profit.ly it’s seen as a area where experts and members can interact and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and dealing with the listed members. One of them may be laid back and not very often active, while another might be more interactive and online in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s diverse range of products and features caters to a large variety of stock trader types, from beginners to experienced pros. With the variety of deals it has to offer it is certain to have something for every person.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based content offered throughout the platform. Not only will they get daily videos and chat room tips from its in-house gurus and their members. They’ll also be able to pick from the merchandise available from its online store to carry with them wherever they may travel. Additionally, they can gain practical experiences from trading within the platform, but eventually, they will soon learn that the process is a high-stakes game that should not be viewed as an amusing pastime.
For traders who have decades of experience in the road, we consider Profit.ly as equally as suitable to those who are just starting. While the newbies may not be as proficient in handling trading matters, the pros already understand how it works and the risky mix that come with it. Ideally, they may use Profit.ly’s range of options to their maximum advantage to develop their skills in trading. Like novices, they can learn from the top experts as well as experts, and take advantage of short tips and tricks to help them along.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies and semi-experienced traders. Experts who have been verified can also participate in the enjoyment! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s abilities to show off their skills to others as a way to assist them in the ever-changing trading process. Profitly Alongside A Company
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable traders across the globe with a wealth of education, communication, and trading tools
- You’ll be taught by experts and insights from its inside experts, as well as collections of educational videos as well as live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and verifiable trader
- In addition to its primary features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s variety of packages and subscription levels are priced at a reasonable cost – there truly is something for everyone
- Profit.ly’s bountiful stream of packages and services offered could not be enough for a lot of its users
- As traders may opt to make any type of trade, there’s an opportunity that some them may take advantage by selecting the best trades in order to boost their rating – this may be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds because the premium customers will immediately benefit from the number of services the platform has to provide
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The Final Verdict is: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it would be an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally intended to be created for this reason. Instead, you should have an open mind. Profitly Alongside A Company
What we are referring to”yes” is it can be a great learning tool. For those who are struggling, they might discover Profit.ly’s variety of resources useful in their efforts to reduce losses and perform better than they did before. Not only struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really desire to be more successful in trading and would like to be taught by your fellows and gurus on the way, take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Profitly Alongside A Company
How can you make use of Profit.ly to make your trades public?
Profit.ly offers an entry section for trades under the “My Trade’ category of the dashboard that allows you to post your trades, verifiable or otherwise. There are three options:
- Linking your account with your brokerage of choice and importing transactions directly through there
- Manually entering your trades into specified spaces and information.
- Upload a screenshot of your transactions
How do I know if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there is a high chance that it is verifiable. This is indicated with the small blue check. If you submit it manually or through pictures, it will be assigned as unverified.
The downside of having an unauthenticated trade is the chance of receiving negative feedback from colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Does the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the App Store for Apple and on the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders because they are not just looking to earn maximum profits but also help each other grow and learn more about acquiring opportunities in the stock market left and right.