The stock market can be an exciting game with high stakes. On certain days, you could be reaping the benefits of pleasing and positive numbers. On other days, however it could be the reverse and it could be extremely difficult to return to where you were at your best. If you’re constantly stuck in the gutter You will need be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve suffered losses 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 colleagues in the market from all over the world, which is why we’ve discovered a platform that can support you to improve your performance in the industry. In this review, we’ll be taking 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profitly Arick Russell
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of different levels to be knowledgeable responsible, transparent, and to build relationships with one another through its wide array of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
What is Profit.ly?
Profit.ly is a trading website that functions as a training and learning platform for traders new to trading as well as a place for traders with experience to keep track of their performance with the help of advanced analytics tools. Providing users with a wide range of resources for trade and communication and letting traders from all walks of life network with each other. It gives the gurus worthwhile investments within the confines that the site. Imagine it as a social media site akin like Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently validates trade performance and posts all the data of them in the manner of leaderboards. The platform for trading is built on honesty and transparency: it ensures that the trades are authentic and won’t accept fake news as long as is humanly possible. It was created many years ago by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never prior to.” This idea Sykes said served two goals: 1.) creating public track records for all traders, not just the gurus as well as students and newsletter writers and secondly) allowing everyone on the platform to gain insight into both losses and wins to benefit the industry of trading. Profitly Arick Russell
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to gain access to a multitude of tools and services that are geared towards achieving success. It is possible to create an account on the site for free, but you’re only limited to having access to the leaderboard and observe the activities of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real time, you will need to subscribe to any of Profit.ly’s offers, which we will go over shortly.
The process of opening an account is easy: create an account with your experience and knowledge, then connect your brokerage account, and you’ll be given a chance to shoot through the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users a glimpse of how the community of traders performs as well as its gurus. You’re not just allowed to show value to a community of traders. You are also able to use Profit.ly to purchase with a guru, and have the assurance that you’re comfortable with their expertise and the credibility of their assertions.
If you are unsure about the idea of divulging your brokerage account, you may decide to share your trades, verified or not, via screenshots. 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 interact with your experts in the chatroom, 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 trading guru who is well-known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at less than $5 per share. The trading of penny stocks can be seen as an opportunity for small businesses to transition to a large marketplace as it allows them to access funds from the public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes is sure to reveal because of his decades of expertise.
Beginning in his late years in High School, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as trading professional. At 25 years old Tim Sykes had received more exposure and a wider reach of influence as a participant in the reality series “Wall Street Warriors.” Then, he took advantage of it to establish trading rooms and penny stock themes and educational content geared toward those who are new to trading. He also played a role in establishing Profit.ly as a place for transparency and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of learning sources, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to the trading experts who have proven to make significant amounts of profit from their collective years of expertise. Profitly Arick Russell
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their niche in the trading industry. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, however, 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. When we take that into account Let’s look at the packages each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. At $74.95 monthly, you will observe him focus on basic stock catalysts and employ them to anticipate the next move that is possible when making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom and the mobile app available to iOS as well as Android devices; email, text and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 per month, this is an ideal plan for those who are more involved in the penny-stock market. Pennystocking Silver offers all the essential features found in prior plans, which includes swing trading alerts and unlimited access to a library of more than 7,000 instructional videos and new videos released every week.
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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 massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in all-time trading earnings. Profitly Arick Russell
The Superman Alerts plan is an offering of essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access daily premarket stock watchlist and the mobile app, daily market updates in real time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base that is provided by Superman himself, via his Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all previous lessons. On top of that, you’ll also get the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave your mark on the industry, Profit.ly has the right amount of resources to get you started. The platform has three membership levels that cater to traders at different levels. Let’s break down what these three are and how much they’ll cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially for those who are new to the world of trading. As you sign up for this plan, you will be immediately given a slew of robust and indispensable trading tools, all one of them essential in keeping your fingers on what can describe as a cutthroat process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the capability to check trades and track profits as well as leading, following and even chatting with your fellow traders; and 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, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. While it may look attractive just by the price but there’s a disadvantage. You aren’t able to create a personal account, making your activities publicly available. If you’re looking to gain the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use the majority of features available in the Novice plan. It is in this plan that you are able to create an account that is private for sharing with fellow associate users all the insights and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to develop their trading skills. Although it’s a nice thing but there’s one important aspect that’s not included. In contrast to the Novice package, you will not be able to see other traders’ statistics, which could be a disadvantage for those who are looking forward to this tier. Profitly Arick Russell
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly could offer for seasoned traders. It costs $74.95 each month which includes 22% off when billed annually, this tier has it all. You will have full, unrestricted access to all the features from the two previous plans.
In addition, you’ll be able to view other people’s stats and data, but you also have the chance to create a private profile. These two features are plus the other advantages that you can utilize to the maximum extent. If you’re in search of an option that gives you everything you need as a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly has a few more services it has to provide. One of those is its online store, which lets users choose from a wide array of videos designed to inform and help you understand the nuances and pitfalls of trading. The products listed on this page of the site can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other things trading-related, clips and clips taken from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s variety of features and services. You may be familiar with the chat room since you can find it throughout messaging and social platforms, as well as some specialty websites that offer live chat assistance. However, in Profit.ly, it is seen as a space where experts and their member traders can communicate and learn in real time. Every guru has their own way when it comes to running their chat room and in dealing with the members. One might be a laid-back person who is less active, while another might be more online and communicative in their interactions with students. Think of the chat rooms like Profit.ly’s version of a forum, in essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards a large variety of stock traders, from novices to experienced professionals. Given the wide range of options it offers this platform definitely has something for everyone.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based materials available across the platform. In addition, they will be provided with videos every week and chat room advice from its in-house gurus as well as their members. They’ll also be able to select from the products from its online store for them to take wherever they may be. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll realize that trading is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with decades of experience in the road, we consider Profit.ly equally suitable to them as the newcomers. While the newbies may not be as proficient in managing trading, the pros already understand how it works and the plethora of risks associated with it. Ideally, they may make use of Profit.ly’s variety of features to their best advantage to develop their skills in trading. Like novices, they can learn from the top experts and experts , and use those short tips and tricks to help them along.
Profit.ly’s ‘all-together’ nature doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the excitement! Trade professionals who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others in order to navigate them through the ever-changing trading process. Profitly Arick Russell
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform allows traders across the globe with a wealth of education communications, trading, and communication tools
- You get to be provided with excellent lessons and advice from the company’s inside experts, as well as video libraries that teach you how to learn and trading in real-time.
- 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 leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and verifiable trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unauthentic trades via screenshots
- Profit.ly’s variety of subscription plans and guru packages are priced at reasonable prices There is truly something for every person
The Cons
- Profit.ly’s numerous products and packages offered might be too much for the majority of its customers
- As traders may opt to open any kind of trade, there’s an opportunity that some them could profit from picking the most profitable trades to boost their rating This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds as its premium users will immediately take advantage of the numerous services that the platform can provide
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The Final Concluding Question is: Is Profit.ly Valued?
If we could come up with the answer, it’s an affirmative “yes”. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally intended to be created to achieve this goal. Instead, you should have curiosity. Profitly Arick Russell
What we are referring to”yes” is that it is a fantastic learning tool. People who are stuck may be able to find Profit.ly’s variety of resources helpful when they try their best to incur lesser losses and perform better than before. It’s not only the poor traders that can benefit from the platform. It can accommodate beginners and even experts!
So, if you genuinely desire to be a better trader and want to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Profitly Arick Russell
How can you make use of Profit.ly to make your trades public?
Profit.ly has an entry section for trades under the “My Trade category on the dashboard that allows you to post your trades, verifiable or otherwise. There are three choices:
- Linking your account with your broker of choice and import transactions directly through there
- Manually entering your trades into provided spaces and specifics
- Take a photo of your transactions
How do I know whether the trade is authentic or not?
If you purchase your trade from a trusted brokerage, there is the chance that it is verifiable. This is indicated with the blue check mark. If you upload it manually or through screenshots, it will automatically be classified as unverified.
The disadvantage of an unauthenticated trade is the risk of receiving negative feedback from fellow peers. A large number of downvotes could cause you to show up on the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting 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 the majority of working smartphones and tablets.
How many people are using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just looking to earn maximum profits but also help each other develop and grow in their ability to take advantage of stock market opportunities left and right.
