Stock trading is a high-stakes game. On certain days, you may have the benefit of positive and satisfactory numbers. On other days, however it could be the reverse, and it may sometimes be very difficult to get back to where you were your most productive. If you find yourself immersed in the water You will need be aware that relying solely on your instincts and preserving is not always enough.
If you’ve been incurring loss from time to time and you’re likely to require reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe. That’s why we’ve discovered a platform that can support you in your improvement within the field. This review will be taking 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. 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 Stock 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 informative responsible, transparent, and to build relationships with each other through its broad variety of tools and features such as trade verification, chat rooms, and an enriched library of educational content.
What is Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for people new to trading and as a hub for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Providing users with a wide variety of tools for communication and trade and letting traders from all walks of life connect with each other. It gives the gurus an opportunity to invest in the right areas that the site. Consider it a social media site akin like Facebook and Reddit but with a focus on traders and experts.
Profit.ly independently verifies trade performances and posts all the data from them in the form of leaderboards. The platform for trading is built on trust and transparency. it guarantees that the transactions are legitimate and will not accept fake news as long as possible. It was created many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of all trades, something that has never been done before.” The idea Sykes said served two objectives: one) keeping track of public data for everyone, not just the experts, but also the newsletter writers and students and secondly) giving anyone on the platform to learn from both the wins and losses to benefit the industry of trading. Profitly Alongside The Stock Market
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of tools and services that are geared toward the success of their business. You may set up an account at no cost, however you’re only given the capability to browse the leaderboard and follow the actions of non-gurus. If you’re looking 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 offers, which we will review in the coming days.
Making an account simple: Create a profile with your experiences and skills, join to your brokerage account and you’ll have the chance to climb your way up to high on the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users an insight into how the community of traders performs as well as its experts. You’re not just allowed to show that you’re worthy to the large group of traders, as you are also able to use Profit.ly to buy with a guru, and have the confidence that you are confident with their expertise and the veracity of their claims.
If you are unsure about the idea of divulging the details of your broker account you may opt to post your trades, whether verified or not, via pictures. Included in Profit.ly are the vast number of trading courses as well as the ability to look at statistics on a person’s profile, and more ways to connect with your gurus via chatrooms along with email and text alerts 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 the penny-stock market. According to Investopedia Penny stock refers to a small company’s stock which trades at just less than 5 cents per share. The penny stock market can be seen as an avenue for small businesses to transition into a larger market because it allows them to access funds from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes can surely tell because of his decades of experience.
Beginning at the end of his time in High School, Tim Sykes has, since then, earned an estimated $6 million profit during his long and successful career as trading professional. At 25 years old Sykes was given more exposure and a wider impact when he was a part of the reality TV show “Wall Street Warriors.” He then took advantage of it to develop trading rooms and penny stock themes and educational content geared toward people who are brand new to trading. He also helped establish Profit.ly as a platform for transparency, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing 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 experts in trading who have made substantial profits through their years of expertise. Profitly Alongside The Stock Market
At its height, Profit.ly had housed up to five gurus. Each of them a professional within their particular field in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes offers a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll observe him focus on fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when making trades.
A single purchase 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 email, text 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. Priced at $149.95 for a month it is the perfect plan for those who are more invested in the penny-stock market. Pennystocking Silver includes all the basic features that were included in prior plans, which includes alerts for swing trading and access to an extensive library of over 7,000 educational videos that are updated weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading profits. Profitly Alongside The Stock Market
The Superman Alerts plan is an offer of the most essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist as well as the mobile application, daily market commentary in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to the extensive knowledge base provided by Superman himself through his Superman Pro package. On top of the essentials included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. On top of that you’ll also gain an access to high-quality research papers and the IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership levels that cater to traders at different levels. Let’s look at what the three levels are and what they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. Once you have signed to this plan, you will be immediately given a slew of robust and indispensable trading tools, each one of them essential in keeping your fingers on what we call a competitive process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package is the capability to check trades and track profits as well as leading, following, and even messaging your fellow traders, as well as providing feedback on trades today. It also allows you to be on leaderboards; analyze the results of your analysis, sort, and filter your trades; and, lastly, view other people’s statistics.
The Novice plan is $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. You can’t create a private profile, thus making your activities publicly available. If you do want to gain an account with this option, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows users to benefit from the majority of features available in the Novice plan. It is in this plan that you can create a private profile to share with other associate users all the insights and intel in this trading group.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to improve their skills in trading. As nice as it seems but there’s one important element that’s missing. Unlike the previous Novice package, you won’t be able to see other traders’ stats, which might be a drawback for those who are looking forward to this tier. Profitly Alongside The Stock Market
Pro Plan
The Pro plan is the highest luxurious package Profit.ly offers to experienced traders. With $74.95 each month which includes an additional 22% discount when billed annually, this tier has it all. It gives you full, unlimited access to all the features from the two previous plans.
You’re not only able to see other users’ stats as well, you’re also offered the option of creating an individual profile. Both of these options, plus the other benefits that you can use to the maximum extent. If you’re in search of an option that gives you with everything you require as trader with experience, the Pro plan is ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and Leaderboards Profit.ly has a few additional services that it can provide. One of these is its online store, where customers can pick from a range of video products that are designed to educate and help you understand the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, as well as all aspects of trading. There are also clips and footage from events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s variety of features and services. You may be familiar with chat rooms since you can see it across messaging and social platforms, in addition to a few special websites that offer live chat support. However, in Profit.ly the chat room is viewed as a space where experts and their member traders can communicate and exchange knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members there. One might be laid back and rarely active, while another may be more interactive and online in their interactions with students. Think of chatrooms as Profit.ly’s version of the forum in its essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards a large variety of stock trader types, from beginners to experienced pros. Given the wide range of options it has to offer this platform definitely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based content offered throughout the platform. In addition, they will 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 to choose from the items in its online store that they can take with them wherever they travel. You can also get hands-on experiences by trading through the platform, but ultimately they’ll realize that this is a high stakes game that shouldn’t be treated as an opportunity to make fun of.
For the traders with years of exposure down the road, we consider Profit.ly as equally as suitable to them as those who are just starting. While the newbies may not be as proficient in dealing with trading issues but the experts already know how it works and the stack full of risks associated with it. Ideally, they may utilize Profit.ly’s variety of features to their full advantage to develop their trading abilities. As beginners, they are able to learn from the top experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s “all-in” approach 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 on similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to assist them in the ever-changing trading process. Profitly Alongside The Stock Market
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You will be provided with excellent lessons and advice from the company’s internal experts, which include collections of educational videos as well as trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders that are waiting to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the chance to establish your credibility as a trustworthy and authentic trader
- Apart from its main capabilities, Profit.ly also gives its users extra options to suit their preferences, such as posting trades that are not authentic by taking screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There is truly something for all
The Cons
- Profit.ly’s bountiful stream of packages and products offered may not be enough for most of its users
- If traders decide to open any kind of trade, there’s an opportunity that some them may take advantage by selecting the best trades in order to improve their ratings this could be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as its premium users are expected to instantly benefit from the many services the platform has to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it would be 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 meant to be designed to achieve this goal. Instead, you need to have curiosity. Profitly Alongside The Stock Market
What we are referring to by ‘yes’ is that it could be a useful learning tool. People who are stuck may find Profit.ly’s range of resources to be helpful as they do their best to avoid losses and be more successful than they did before. Not only struggling traders who will profit from the platform. It can accommodate beginners and even experts!
If you truly desire to be a better trader and want to learn from your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Profitly Alongside The Stock Market
How can you make use of Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries in the “My Trade’ category of the dashboard which allows you to post your trades that are verified or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and importing transactions directly through there
- Manually entering your trades using specified spaces and information.
- Upload a screenshot of your transactions
What can I do to determine whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s the likelihood that it can be verified. This is shown by the blue check mark. If you upload the information manually or via pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could result in you appearing at the top of the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the Apple App Store and in the Google Play store. The mobile version of the app is compatible with the majority of functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just trying to maximize profits but also to help one another develop and grow in their ability to take advantage of opportunities in the stock market both right and left.
