Stock trading is an exciting game with high stakes. On some days, you might have the benefit of positive and satisfactory numbers. However, on other days it could be the reverse and it can be extremely difficult to get back to where you were your peak. If you’re always in the mud You will need be aware that relying solely on instinct and survival might not be enough.
If you’ve suffered loss from time to time, you’re gonna be needing solid advice from seasoned 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 found a platform that can support you to improve your performance in the industry. We’ll 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.
Total Rating: 4.1/5 Profitly Alongside The Market
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 various levels to be informed and accountable, as well as transparent and to build relationships with each other through its broad range of features and tools such as chat rooms, trade verification and a rich library of educational content.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for those who are starting out as well as a place for experienced traders to track 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 one another. It offers gurus with an opportunity to invest in the right areas of the platform. Imagine it as a social media site akin like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are authentic and won’t allow for fraud as much as is humanly possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes declared that Profit.ly was driven by its focus “on the transparency of all trades, something that was never done before.” The concept Sykes said served two objectives: one) creating public track records for all traders, not just the gurus and newsletter writers and students as well as) giving everyone on the platform to gain insight into the losses and wins to benefit the industry of trading. Profitly Alongside The Market
How Does It Work?
Profit.ly is a subscription-based platform which allows stock traders to gain access to a multitude of features and services aimed towards achieving achievement. You may set up an account for free, but you’re limited to the capability to browse the leaderboard and observe the actions of non-gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time it is necessary to subscribe to any of Profit.ly’s deals that we’ll go over shortly.
Setting up an account is easy: create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll be given the chance to climb your way to high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users a glimpse of the performance of the trading community and its experts. You’re not just allowed to show value to a group of traders, but you can also use Profit.ly to buy from a guru with the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you feel uneasy with the idea of divulging your brokerage account, you may decide to share your trades, verified or not, by taking screenshots. Included in Profit.ly are a variety of trading classes and the capability to see the stats of a trader’s account as well as other ways to communicate with your gurus via chatrooms 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 trader who is well-known for his efforts in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s shares that trade for under $5 for each share. The penny stock market could be viewed as an opportunity for small companies to move to a large marketplace as they can access funds from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes will be able to tell you thanks to his years of experience.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as trader. When he was 25 years old Tim Sykes had received greater exposure and a larger influence over time when he became part of the reality show “Wall Street Warriors.” Then, he took advantage of it to create trading rooms and penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also helped establish Profit.ly as a platform for openness, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning resources, trade alerts, and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have earned substantial amounts of money from their collective years of experience. Profitly Alongside The Market
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. As of this writing, only two gurus remain on the platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packages each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to anticipate the next possible moves in making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile application that is available for iOS and Android devices, texts, emails and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version that has been upgraded of the Tim’s Alerts program. At $149.95 monthly, it is a great option for investors who are committed to investing in penny stocks. Pennystocking Silver includes all the basic features found in the previous plan, including swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos that are updated every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since he began as a trader, Superman has amassed over $5.5 million in trading profits. Profitly Alongside The Market
The Superman Alerts plan is an offering of essential features and trading alerts targeted towards those who might be interested. For just $147 per month, you’ll have access to the daily premarket stock watchlist along with the mobile application, daily market updates in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base of information 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. In addition you’ll also have an access to high-quality research papers and an IPO or earnings monitor.
Profit.ly Programs 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, each designed for traders at different levels. Let’s break down what these three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading world. Once you have signed to this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, each of which is essential to keep your fingers on what we could call a ruthless process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice program is the capability to check trades and track profits and follow-up, leading and even texting your fellow traders; and giving feedback on the trades of today. It also allows you to be on leaderboards, analyze your trades, sort as well as filter trades; and lastly, look at other’s stats.
The Novice plan will cost $29.95 per monthly payment. While it may look attractive just by the price, there is a downside. You aren’t able to create a personal profile, thus making your activities publicly available. If you’re looking to gain access to this feature, you should be watching for us to introduce to you Profit.ly’s next strategy.
Trader Plan
The Trader package allows you to take advantage of many of the features of the novice plan. In this plan, that you can create an individual profile that allows you 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 does what the name suggests caters for those looking to improve their expertise in trading. Although it’s a nice thing, there is one significant aspect that’s not included. As opposed to the prior Novice package, you won’t be able view other traders’ statistics this could be a problem for those who are eager to try this new tier. Profitly Alongside The Market
Pro Plan
The Pro plan is the highest luxurious package Profit.ly offers to experienced traders. It costs $74.95 per month, which includes an additional 22% discount for annual billing the Pro plan has it all. It gives you full, unlimited access to all the options of the previous plans.
Not only do you get to look at other people’s statistics as well, you’re also offered the option of creating your own private profile. Both of these options, on top of all the benefits that you can use to the maximum extent. If you’re looking for an account that will give you with everything you require as trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leadersboards Profit.ly offers a number of other services they provide. One of them is the online store, which lets users pick from a range of videos designed to inform and guide you through the nuances and pitfalls of trading. All of the products featured on this page of the website can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other related to trading, videos and footage of events like the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are also part of Profit.ly’s range of services and features. You’re probably familiar with chat rooms since you will see it on social and messaging platforms in addition to a few special websites that provide live chat assistance. But on Profit.ly it’s seen as a place where gurus and their member traders can communicate and learn in real time. Each guru has their style in running their chat rooms and dealing with the members. Some may be a laid-back person who is rarely 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 essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, ranging from beginners to experienced pros. Given the wide range of options it can provide this platform definitely has something for every person.
Newbies, for instance, will appreciate Profit.ly’s collection of educational content offered throughout the platform. They will also be enriched with weekly videos and chat room advice from its in-house gurus as well as their members. Additionally, they can choose from the items in its online store that they can take with them wherever they may go. You can also get hands-on experiences from trading within the platform, however they’ll be able to realize that this is a risky game that shouldn’t be treated as a joke.
For those traders who have had many years of experience down the line, we see Profit.ly as equally as suitable to people who are just beginning. While the newbies may not be as adept at managing trading, the pros already understand how it works along with the plethora of risks associated with it. Ideally, they may utilize Profit.ly’s array of features to their full advantage to enhance their trading skills. As beginners, they are able to learn from the top experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-in” approach does not only apply to beginners and semi-experienced traders. Verified experts can also join in the fun! Trade professionals who are at the same level as Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to navigate them through the ever-changing trading process. Profitly Alongside The Market
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with a wealth of education tools, communication, and trading tools
- You’ll be provided with excellent lessons and tips from the inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re guaranteed transparency throughout Profit.ly by using accurate data as well as fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There is truly something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and services offered could seem overwhelming for a lot of its customers
- As traders may opt to open any kind of trade, there’s the possibility that some of them may take advantage by picking the most profitable trades to boost their rating – this may be a concern that should not be ignored.
- Profit.ly does not offer refunds because its premium users will immediately benefit from the number of services that the platform can offer
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The Final Verdict is: Is Profit.ly Valued?
If we could come up with the answer, it’s a ‘yes’. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform wasn’t originally designed to be used in this way. Instead, it is best to keep an open mind. Profitly Alongside The Market
What we do mean”yes” is that it is a fantastic learning tool. People who are stuck may find Profit.ly’s variety of resources useful in their efforts to avoid losses and perform better than before. It’s not just the poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly desire to be a better trader and want to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Profitly Alongside The Market
How do you use Profit.ly to publish your trades?
Profit.ly includes a trade entry portion within the “My Trade category on the dashboard that lets you post your trades that are verified or not. 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 specified spaces and information.
- Upload a screenshot of your transactions
How can I tell whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there’s an excellent chance that it is verifiable. This is shown by the blue check mark. If you upload the information manually or via screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthentic trade is the chance of receiving downvotes from colleagues. Too many downvotes may result in you appearing in the Madoff leaderboard, where people can see who’s dishonest in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available to download via the App Store for Apple and in the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just seeking to make the most profit but also to help one another learn and improve in acquiring opportunities on the stock market both right and left.
