The stock market can be an exciting game with high stakes. On certain days, you could enjoy the benefits of pleasing and positive numbers. On other days, the opposite may happen and it could be extremely difficult to return to the point you were at your best. If you are constantly stuck in the gutter it is important to realize that relying on instinct and survival may not always be enough.
If you’ve experienced occasional losses You’ll need 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 found an online platform that will help you to improve your performance in the industry. We’ll be taking the time to look at Profit.ly is a well-known 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitly Arick Russel
Users Experience 4.5/5
Profit.ly is an online trading platform that enables traders of various levels to be informative responsible, transparent, and to build relationships with each other through its broad array of tools and features including chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that serves both as a learning and training platform for traders who are starting out and also as a platform for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. It provides users with a vast variety of tools for trade and communication and letting traders from all walks of life connect with each other. It also allows gurus to make an opportunity to invest in the right areas that the site. Consider it a social media site akin the likes of Facebook and Reddit, but for professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it ensures that the trades are valid and won’t accept fake news as long as possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on the transparency of every trade, something that was never prior to.” This idea Sykes said served two objectives: one) making public records for everyone, not just the experts as well as students and newsletter writers, and 2) making it possible for everyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. Profitly Arick Russel
How Does It Work?
Profit.ly utilizes a subscription model which allows stock traders to benefit from a variety of services and features geared towards achieving the success of their business. It is possible to create an account on the site for free, but you’re only given the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time You’ll need to subscribe to any of Profit.ly’s deals, which we will discuss in the near future.
Making an account simple: Create an account that includes your personal information and skills, join your brokerage account, and you’ll have an opportunity to make your way to at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier it is designed to provide its users a glimpse of their performance as a trading group and its gurus. It’s not only a chance to show that you’re worthy to the large group of traders. You are also able to use Profit.ly to purchase with a guru, and have the confidence that you are confident in their skills and the credibility of their assertions.
If you feel uneasy with the idea of divulging the details of your broker account you may opt to post your trades, whether verified or not, via pictures. Also included in Profit.ly are a variety of trading classes and the capability to see the stats of a trader’s account, and more ways to connect with your gurus in the chatroom, as well as 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-sized company’s stock that trades for under $5 for each share. Penny stock trading can be seen as an opportunity for small businesses to transition to a market that is larger as it gives them access to capital from the public. But don’t be mistaken – it can also be a high-risk game, which Sykes is sure to reveal because of his decades of experience.
Since his initial beginnings in his late years in High School, Tim Sykes has, since then, made over $6 million of earnings during his long and successful career as trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider reach of influence as a participant in the reality series “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms and penny stock themes and educational content geared toward people who are brand new to the trading field. He also helped to establish Profit.ly as a place of transparency and to allow the community to rise and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of educational resources, trade alerts, as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to experts in the field of trading who have proven to make substantial amounts of money from their collective years of expertise. Profitly Arick Russel
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the field of trading. Some of the most prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing however, only two gurus remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration Let’s look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you will see him focus on the basic stock catalysts and employ them to predict the next move that is possible when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom and the mobile application that is available to 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, upgraded version of the Tim’s Alerts program. At $149.95 for a month this is the perfect plan for those who are invested in the penny-stock market. Pennystocking Silver offers all the essential features that were included in prior plans, including alerts for swing trading and access to a rich collection of more than 7,000 educational videos, with new ones released weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a trader who has an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Profitly Arick Russel
The Superman Alerts plan is his offer of the most essential features and trading alerts geared toward those who may be interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket and the mobile app, daily market updates in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to an extensive base of knowledge provided by Superman himself through the Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. On top of that you’ll also gain the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re eager to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to help you going. The platform has three membership tiers that are designed to accommodate traders with different levels. Let’s take a look at what these three are and how much they will cost you.
This package for novices is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. Once you have signed up for this package you’ll be given a slew of robust and essential trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat procedure in its own.
Among the list of things you can accomplish using Profit.ly’s Novice package is the capability to check the results of your trades and track profit as well as leading, following, and even messaging other traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze your trades, sort and filter your trades and, finally, see other’s stats.
The Novice plan will cost $29.95 per month. Although it looks attractive just by the price however, there’s a drawback. It isn’t possible to create a private profile, thus making your activities publicly available. If you do want to gain access to this feature, stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in the novice plan. This plan allows that you can create an account that is private 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 will do what the name implies: Cater to those who desire to harness their skills in trading. While it’s nice however, there’s a crucial element that’s missing. As opposed to the prior Novice package, this one won’t be able to view the statistics of other traders, which might be a drawback for those looking forward to this tier. Profitly Arick Russel
This is by far the most expensive plan Profit.ly could offer for seasoned traders. With $74.95 monthly, and 22% off for annual billing the Pro plan has it all. It gives you full, unlimited access to all features of the previous plans combined.
You’re not only able to look at other people’s statistics and data, but you also have the opportunity to create a private profile. Both of these features, plus the other advantages that you can utilize to the maximum extent. If you’re looking for an account that will give you everything you need as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the tools for training and leadersboards Profit.ly has a few other services they offer. One of these is its online store, where customers can pick from a range of video products that are designed to educate and guide you through the ins and outs of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. Some of these include bestsellers like the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to short stocking, penny stocking, and other things trading-related, clips and scenes from events like the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s range of features and services. 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 support. But in Profit.ly the chat room is viewed as a area where experts and members trade and share knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members there. Some may be more laid back and less active, while another might be more online and communicative to their pupils. Consider chat rooms like Profit.ly’s version of the forum in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features caters to a large variety of stock traders, ranging from novices to the most experienced. Given the wide range of options it can provide this platform definitely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s knowledge-based materials available across the platform. In addition, they will get daily videos and chat room advice by its internal gurus and members. They’ll also be able to choose from the items from its online store that they can take with them wherever they be. Additionally, they can gain practical experiences by trading through the platform, but eventually they’ll realize that this is a high stakes game that shouldn’t be taken as a joke.
For the traders with decades of experience in the line, we believe Profit.ly equally suitable for them as it is for people who are just beginning. While novice traders may not be as adept at dealing with trading issues however, experienced traders know how it works along with the plethora of risks associated with it. It is ideal to use Profit.ly’s range of options to their maximum advantage to develop their trading abilities. Like beginners, they can learn from the top experts and experts and utilize those quick tips and tidbits to help them along.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Certified experts can also take part in the enjoyment! People in the trade industry who are on an equal level with Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others in order to navigate them through the ever-changing trading process. Profitly Arick Russel
Profit.ly’s Pros and Cons
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You’ll be taught by experts and advice from the company’s in-house gurus, including libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly by using accurate data and fellow traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers additional options to meet 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 all
- Profit.ly’s numerous packages and products offered may not be enough for most of its customers
- Since traders can choose to post any kind of trade, there is the possibility that some of them could profit from picking the most profitable trades to improve their ratings – this may be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds as its premium users will immediately benefit from the number of features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an appropriate answer for this query, it’s an affirmative “yes”. But it is important to realize that this platform shouldn’t be viewed as a quick-fix scheme to make money. The platform wasn’t originally intended to be created in this way. Instead, it is best to keep an open mind. Profitly Arick Russel
What we mean”yes” is that it is a fantastic learning tool. Those who may be stuck could discover Profit.ly’s range of resources useful when they try their best to reduce loss and perform better than before. Not only struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you really care about being more successful in trading and would like to be taught by your peers and experts along the way, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Profitly Arick Russel
How do you use Profit.ly to publish your trades?
Profit.ly has a trade entry portion under the My Trade’ category of the dashboard which lets you record your trades, either verified or not. There are three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your trades
How can I tell whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there’s an excellent probability that it’s verifiable. This is indicated with the blue check mark. If you submit it manually or through screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthentic trade is the risk of getting downvotes from your fellow peers. Too many downvotes may result in you appearing at the top of the Madoff leaderboard, where users can detect who’s being dishonest in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile app version is compatible with the majority of functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, since they’re not just looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities in the stock market all over the world.