Stock trading can be a high-stakes game. On some days, you may be reaping the benefits of positive and satisfactory numbers. On other days you may experience the opposite and it can be extremely difficult to get back to the point you were at your peak. If you’re immersed in the water, you will have to recognize that relying on instinct and survival might not be enough.
If you’ve experienced loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Additionally, you’ll require an important boost from colleagues in the market from all over the globe, which is why we’ve discovered an option that can help you in your improvement in the market. This review will take the time to look at Profit.ly is a well-known 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 Alongside Synonym
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 allows traders of all levels to be informed, transparent, accountable, and uplifting with each other through its broad variety of tools and features like trade verification, chat rooms, and an enriched library of educational material.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for people new to trading 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 range of resources for trade and communication and letting traders from all walks of life network with one another. It offers gurus with worthy investments within the boundaries that the site. Think of it as a social media site akin like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it makes sure that trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes publication, Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that has never been prior to.” This idea Sykes said served two objectives: one) making public records for everyone, not just the experts, but also the newsletter writers and students as well as) making it possible for everyone on the platform to be enlightened by both losses and wins for the trading industry’s benefit. Profitly Alongside Synonym
How Does It Work?
Profit.ly follows a subscription-based model that lets stock traders have access to a range of services and features geared towards achieving achievement. It is possible to create an account for free, but you’re limited to the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money and see which stocks the gurus are trading in real time it is necessary to sign up to one of Profit.ly’s offers that we’ll review in the coming days.
The process of opening 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 high on the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users an insight into how the community of traders performs and its gurus. It’s not only a chance to demonstrate value to a group of traders. You can also utilize Profit.ly to buy with a professional with the assurance that you’re confident in their skills and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking your brokerage account, you may choose to publish your trades, verified or not, via photographs. Also included in Profit.ly are a variety of courses in trading and the capability to see the stats of a trader’s account as well as other ways to communicate with your gurus through the chatroom along with 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 guru who is well-known for his efforts in trades in penny stocks. According to Investopedia Penny stock refers to a small company’s stock that trades for less than $5 per share. The penny stock market is an avenue for small companies to move to a large marketplace as it gives them access to capital from the general public. But don’t be mistaken – it can also be a high-risk game, which Sykes can surely tell through his many years of experience.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, made an estimated $6 million earnings during his long and successful career as trader. When he was 25 years old, he had been given more exposure and a wider impact when he became part of the reality TV show “Wall Street Warriors.” He then took advantage of it to establish trading rooms as well as penny stock themes and educational material aimed at those who are new to the trading field. He also helped establish Profit.ly as a place for openness, 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 variety of learning sources, trade alerts and other helpful stuff provided by the in-house experts of the platform. The gurus in question refer to the trading experts who have proven to make substantial profits through their years of knowledge. Profitly Alongside Synonym
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 gurus included 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: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 monthly, you’ll observe him focus on basic stock catalysts and employ them to anticipate the next possible moves in making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile application that is 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 premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 for a month it is an ideal plan for investors who are involved in the penny-stock market. Pennystocking Silver includes all the basic features that were included in earlier plans which includes swing trading alerts and unlimited access to an extensive library of more than 7,000 instructional videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Alongside Synonym
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted toward those who may be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket and the mobile app, daily market commentary shown in real-time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to a knowledgeable base of information provided by Superman himself via the Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of other 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 world of online trading and make a mark on the industry, Profit.ly has the right amount of resources to help you going. The platform has three membership tiers that cater to traders of different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the trading world. When you sign up for this package you’ll be offered a range of strong and essential trading tools, each of them integral in keeping your fingers on what we call a competitive process by itself.
The list of features you can accomplish using Profit.ly’s Novice package is the capability to check the results of your trades and track profit and follow-up, leading and even chatting with other traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze, sort, as well as filter trades; and lastly, look at other people’s statistics.
The Novice plan is $29.95 per month. While it may look attractive for the price alone but there’s a disadvantage. You can’t create a private profile, thus making your personal information public. If you do want to have an account with this option, you should keep an eye on us as we present to you Profit.ly’s next plan.
Trader Plan
The Trader package lets users to benefit from many of the features of The Novice package. This plan allows that you can create a private profile to share with fellow associate users all your knowledge and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to develop their expertise in trading. As nice as it seems but there’s one important feature that is missing. Unlike the previous Novice package, you won’t be able to view other traders’ statistics, which could be a problem for those looking forward to this tier. Profitly Alongside Synonym
Pro Plan
This is by far the most luxurious package Profit.ly offers to experienced traders. With $74.95 monthly, and 22% off when billed annually the Pro plan has it all. You get full, no-holds-barred access to all the features of the previous plans combined.
Not only do you get to see other users’ stats, but you’re also given the chance to create an individual profile. Both of these features, in addition to the advantages you’ll be able to use to the maximum extent. If you’re looking for an option that gives all the features you need to be trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the tools for training and Leaderboards Profit.ly has a few more services it has to offer. One of them is the online store, where customers can choose from a wide array of video products designed to inform and guide you through 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 such as”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and other aspects of trading. There are also clips and clips of The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s variety of features and services. You are probably familiar with the concept of the chat room since you can find it throughout social and messaging platforms and also on a few specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a real-time space where experts and their member traders can communicate and learn in real time. Every guru has their own style in operating their chat room and dealing with the listed members there. Some may be more laid back and less active, while another may be more online and communicative in their interactions with students. Consider 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 caters to the wide range of stock traders, ranging from novices to the most experienced. Considering the number of offers it offers it is certain to have something for all.
Newbies, for instance, will enjoy Profit.ly’s library of learning materials available across the platform. In addition, they will be enriched with weekly videos and chat room tips from the in-house experts as well as their members. They’ll also be able to choose from the items in its online store to carry with them wherever they be. Additionally, they can gain practical experience trading on the platform, but eventually they’ll realize that trading is a high-stakes game that should not be viewed as a joke.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suited for them as it is for those who are just starting. While the newbies may not be as proficient in dealing with trading issues, the pros already understand the way it functions and the risky mix associated with it. Ideally, they may make use of Profit.ly’s variety of features to their best advantage to improve their trading skills. Like novices, they can study from the gurus and experts , and use those simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are at the same level as Superman or Tim Sykes can also use the power of Profit.ly’s abilities to show off their expertise to other traders as a way to help assist them in the ever-changing trading process. Profitly Alongside Synonym
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with an abundance of knowledge tools, communication, and trading tools
- You’ll be taught by experts 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 with precise analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for most of its customers
- Since traders can choose to make any type of trade, there’s an opportunity that some them may take advantage by cherry-picking the best trades to increase the rating this could be a risk that shouldn’t 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 offer
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The Final Verdict: Is Profit.ly worth it?
If we were able to 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. The platform wasn’t originally intended to be created in this way. Instead, you need to have the ability to think with an open heart. Profitly Alongside Synonym
What we mean”yes” is it could be a useful learning tool. Those who may be stuck may be able to find Profit.ly’s array of resources to be helpful as they do their best to reduce losses and perform better than they did before. Not only struggling traders who will profit from the platform. It is able to accommodate novices and even experts!
If you really desire to be better at trading and wish to learn from your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly may be a great choice to start.
FAQ Profitly Alongside Synonym
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes the option of allowing trade entries within the My Trade category on the dashboard that lets you record your trades, either verified or otherwise. There are three options:
- Linking your account to the broker of choice and import transactions directly through there
- Manually entering your trades into specified spaces and information.
- Take a photo of your trades
What can I do to determine whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there is an excellent chance that it is verifiable. This is evident by the small blue check. If you post it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unverified trade is the possibility of receiving negative feedback from friends and colleagues. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Are the Profit.ly mobile application still available?
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 functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just seeking to make the most profit but also help each other grow and learn more about acquiring stock market opportunities left and right.
