Stock trading is an extremely risky game. On certain days, you may be reaping the benefits of positive and satisfactory numbers. On other days you may experience the opposite, and it may sometimes be very difficult to return to where you were your best. If you find yourself immersed in the water, you will have be aware that relying solely on your instincts and preserving might not be enough.
If you’ve been incurring occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your colleagues in the market from all over the globe, which is why we’ve identified a platform that can support you in your growth in the market. This review will take a 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 Amid The Market
The User’s Experience 4.5/5
Profit.ly can be described as an online platform for trading that permits traders of different levels to be knowledgeable, transparent, accountable, and encouraging one another through its wide variety of tools and features like trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and training platform for those who are just beginning their journey and also as a platform for traders with experience to keep track of their performance with the help of sophisticated analytics tools. Providing users with a wide range of resources to facilitate trade and communication, it helps traders from all walks of life connect with one another. It offers gurus with worthwhile investments within the confines that the site. Consider it a social media site akin the likes of Facebook and Reddit, but for traders and experts.
Profit.ly independently validates trade performance and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are valid and won’t allow for fraud as much as is humanly possible. It was established years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview with Forbes magazine, Sykes declared that Profit.ly was driven by its focus “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 everyone, not just the experts, but also the newsletter authors and students and secondly) making it possible for anyone on the platform to gain insight into the losses and wins for the trading industry’s benefit. Profitly Amid The Market
How Does It Perform?
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of tools and services that are geared at achieving success. You may set up an account on the site at no cost, however you’re only given the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re looking to invest your money to see which stocks the gurus are trading in real time You’ll need to join one of Profit.ly’s offerings, which we will go over shortly.
Setting up an account is easy: create an account with your experience and skills, join to your brokerage account and you’ll be given a chance to shoot your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously, is designed to give its users a look at their performance as a trading group as well as its experts. It’s not just a way to prove value to a community of traders, as 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 claims.
If you feel uneasy with the idea of divulging the details of your broker account you may opt to post your trades, either verified or not, via photographs. In Profit.ly is the huge selection of trading courses as well as the ability to look at statistics on a person’s profile, and more ways to interact with your experts through the chatroom in addition to 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 has been famously known for his efforts in penny stock trading. According to Investopedia, a penny stock is a small business’s stock which trades at less than $5 per share. The trading of penny stocks can be seen as an opportunity for small-scale businesses to make the transition to a large marketplace as they can access money from the general public. However, don’t get it wrong – it’s also an extremely risky activity, as Sykes will be able to tell you thanks to his years of experience.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as trader. At 25 years old Sykes was given greater exposure and a larger reach of influence when he was a part of the reality series “Wall Street Warriors.” He took advantage of it to develop trading rooms and penny stock themes and educational material aimed at those who are new to trading. He also helped to 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 amazing features is the vast array of education tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have earned substantial amounts of money from their collective years of expertise. Profitly Amid The Market
At its height, Profit.ly had housed up to five gurus, each of them an expert in their niche within the world of trading. Some of the prominent experts were 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 and 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 can offer.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services which focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you’ll be able to observe him focus on fundamental stock catalysts and use them to anticipate the next possible moves in trading.
A standalone purchase 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.
Tim Sykes: 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 per month, it is an ideal plan for those who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features of prior plans, which includes alerts for swing trading and access to a collection of more than 7,000 educational videos that are updated every week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the name “Superman,” is a trader who has an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly Amid The Market
The Superman Alerts plan is his offer of the most essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access daily stock watchlist that is premarket and the mobile app, the daily market updates in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base provided by Superman himself through his Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. In addition you’ll also have access to premium research reports 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 a mark in the field, 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 look at what the three levels are and what they’ll cost you.
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for people who are brand new to the trading community. When you sign to this plan, you will be immediately provided with a variety of powerful and essential trading tools, all one of them essential in keeping your fingers on what we call a competitive process in and of itself.
Some of the features you can accomplish with Profit.ly’s Novice package include the capability to check trades and track profits and follow-up, leading and even texting your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be on leaderboards; analyze, sort, as well as filter trades and, finally, see the statistics of other traders.
The Novice plan is $29.95 per month. Although it looks attractive for the price alone however, there’s a drawback. You aren’t able to create a personal account, making your personal information public. If you’re interested in have an account with this option, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows users to benefit from a majority of features from The Novice package. This plan allows that you are able to create a private profile for sharing with fellow associates all your insights and knowledge you gain from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to develop their expertise in trading. Although it’s a nice thing, there is one significant feature that is missing. Unlike the previous Novice package, you won’t be able to see other traders’ stats that might be a drawback for those looking forward to this tier. Profitly Amid The Market
The Professional plan can be described as the highest expensive plan Profit.ly offers to experienced traders. With $74.95 monthly, and a 22% discount for billing annually the Pro plan has it all. You get full, no-holds-barred access to all the features of the previous plans.
You’re not only able to see other users’ stats as well, you’re also offered the option of creating a private profile. Both of these features, in addition to the advantages you’ll be able to use to the maximum extent. If you’re in search of an account that will give you everything you need as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided tools for training and leaderboards, Profit.ly provides a variety of other services they provide. One of those is its online store, where customers can select from a variety of videos created to provide guidance on the ins and outs of trading. The products listed in this section of the website can be immediately purchased for personal use. Some of these include bestsellers like the “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to short stocking, penny stocking, as well as all things trading-related, clips and footage taken from events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are included in Profit.ly’s array of services and features. You may be familiar with the concept of the chat room as you will see it on social and messaging platforms as well as some specialty websites that offer live chat assistance. But on Profit.ly the chat room is viewed as a space where experts and their member traders can communicate and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and in dealing with the members there. One might be a laid-back person who is rarely engaged, while another could be more online and communicative in their interactions with students. Think of chat rooms like Profit.ly’s version of the forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to an array of stock trader types, from beginners to experienced pros. With the variety of deals it can provide it is certain to have something for every person.
Beginners, for instance, will appreciate Profit.ly’s collection of educational information available on the platform. In addition, they will get daily videos and chat room tips by its internal gurus and members. They’ll also be able choose from the items in its online store that they can take with them wherever they may be. They can also gain hands-on experience trading on the platform, but ultimately they’ll realize that this is a high stakes game that shouldn’t be taken as an amusing pastime.
For traders who have many years of experience down the line, we see Profit.ly equally suitable to the newcomers. While the newbies may not be as well-equipped with dealing with trading issues however, experienced traders know the way it functions and the plethora of risks associated with it. In the ideal scenario, they can use Profit.ly’s variety of features to their best advantage to improve their skills in trading. Like novices, they can study from the gurus 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. Verified experts can also join in the fun! Those in the trading industry who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to help navigate them through the ever-changing trading process. Profitly Amid The Market
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a “one-stop’ stock trading platform allows traders across the globe with tons of learning tools, communication, and trading tools
- You get to be taught by experts and advice from the company’s inside experts, as well as libraries of educational videos and real-time trading activities
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and verifiable trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unauthentic trades via screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at a reasonable cost There’s something for every person
- Profit.ly’s numerous packages and services offered could be too much for the majority of its users
- 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 boost their rating this could be a concern that should not be ignored.
- Profit.ly does not offer refunds, as its premium users will immediately take advantage of the numerous services that the platform can provide
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The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it’s an affirmative “yes”. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. It wasn’t intended to be created in this way. Instead, you need to have an open mind. Profitly Amid The Market
What we do mean”yes” is it can be a great learning tool. Those who may be stuck may be able to find Profit.ly’s array of resources useful in their efforts to avoid losses and be more successful than before. It’s not just the poor traders that can benefit from the platform. It can accommodate beginners and even experts!
If you really care about being a better trader and want to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Profitly Amid The Market
How can you make use of Profit.ly to post your trades?
Profit.ly includes the option of allowing trade entries under the My Trade section of the dashboard that lets you post your trades, either verified or not. There are three options:
- Linking your account to the brokerage of choice and then importing transactions directly through there
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your trades
How do I know if the trade is verifiable or not?
If you import your trade through a reliable brokerage, there’s the likelihood that it can be verified. This is evident by the blue check mark. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The disadvantage of an unverified trade is the risk of receiving negative feedback from fellow peers. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still in use?
At the time of writing, Profit.ly is still available for download on the Apple App Store and on the Google Play store. The mobile app version is compatible with the majority of working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of opportunities on the stock market left and right.