The stock market can be an extremely risky game. On certain days, you may be reaping the benefits of pleasing and positive numbers. On other days, the opposite may happen and it could be extremely difficult to return to where you were at your most productive. If you are immersed in the water, you will have be aware that relying solely on instinct and survival might not be enough.
If you’ve experienced losses from time to time, you’re gonna be needing solid advice from seasoned and tested trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the globe, which is why we’ve found a platform that can support you in your growth in the market. In this review, we’ll be taking the time to look at Profit.ly A well-respected all-in-one 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 As A Service
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 informative responsible, transparent, and encouraging one another through its wide variety of tools and features including chat rooms, trade verification and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for people who are just beginning their journey as well as a place for traders with experience to keep track of their performance using the aid of advanced analytics tools. It provides users with a vast range of resources for trade and communication, it helps traders from all walks of life connect with each other. It gives the gurus worthwhile investments within the confines of the platform. Consider it the social media equivalent to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style 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 possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on showing every trade, something that was never done before.” This idea was, he said, serving two purposes: 1) making public records for not just the gurus as well as newsletter authors and students and secondly) allowing everyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Profitly As A Service
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of tools and services that are geared towards achieving the success of their business. It is possible to create an account on the site for free, but you’re limited to access to the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s deals that we’ll review in the coming days.
Setting up an account is easy: create a profile with your experiences and knowledge, then connect to your brokerage account and you have yourself a chance to shoot through at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users an insight into how the community of traders performs and its gurus. You’re not just allowed to show your worth to a large group of traders, but you can also utilize Profit.ly to purchase from a guru with the confidence that you are confident of their knowledge and the legitimacy of their claims.
If you are unsure about the idea of divulging the details of your broker account you may choose to publish your trades, whether verified or otherwise, through pictures. In Profit.ly is the huge selection of courses in trading and the capability to see the stats of a trader’s account, and more ways to connect with your gurus via chatrooms as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small-sized company’s stock which trades at less than $5 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 money from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes is sure to reveal through his many years of experience.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of profit through his lengthy career as trading professional. At 25 years old Tim Sykes had received more exposure and a wider impact when he became part of the reality show “Wall Street Warriors.” Then, he made use of the show to establish trading rooms, penny stock themes, as well as educational content targeted at people who are brand new to the trading field. He also helped to establish Profit.ly as a place of transparency and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education sources, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to experts in the field of trading who have proven to make substantial profits from their collective years of expertise. Profitly As A Service
At its height, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise within the world of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on the platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll observe him focus on fundamental stock catalysts and use them to anticipate the next moves that could occur when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available for iOS and Android devices; email, text and push alerts as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts program. Priced at $149.95 per month, this is the perfect plan for investors who are invested in penny stock trading. Pennystocking Silver includes all the basic features of the previous plan, such as swing trading alerts and unlimited access to a rich collection of more than 7,000 educational videos and new videos released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly As A Service
The Superman Alerts plan is an package of vital features and trading alerts geared towards those who might be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket and the mobile application, daily market commentary shown in real-time, and SMS and e-mail alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base provided by Superman himself via his Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of the previous ones. In addition, you’ll also get the ability to access premium reports on research and an IPO as well as earnings tracking tool.
Profit.ly plans and costs
If you’re eager to join the trading community on the internet and leave a mark in the market, Profit.ly has the right amount of tools to get you going. The platform offers three membership levels, each designed for traders with different levels. Let’s take a look at what these three are and how much they will cost you.
Novice Plan
The Novice package is Profit.ly’s basic plan that is designed specifically for people who are brand new to the world of trading. Once you have signed up for this plan, you will be immediately provided with a variety of powerful and indispensable trading tools, all of which is essential to keep your hands on what we could call a ruthless process by itself.
Among the list of things you can do using Profit.ly’s Novice package is the ability to confirm trades and track profits and follow-up, leading and even texting 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 month. Although it might look appealing simply because of the price however, there’s a drawback. You can’t create a private profile, which makes your personal information public. If you do want to gain access to this feature, you should stay tuned as we introduce to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows you to take advantage of the majority of features available in the Novice plan. It is in this plan that you can create an account that is private for sharing with fellow associate users all the insights and information you have gained from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering for those looking to harness their expertise in trading. Although it’s a nice thing, there is one significant feature that is missing. In contrast to the Novice package, you won’t be able to view the statistics of other traders, which could be a disadvantage for some who may be looking forward to this tier. Profitly As A Service
Pro Plan
This is by far the most luxurious package Profit.ly could offer for seasoned traders. At $74.95 monthly, which includes 22% off for annual billing This plan offers everything. You will have full, unrestricted access to all features from the two previous plans.
Not only do you get to look at other people’s statistics and data, but you also have the option of creating an individual profile. These two features are in addition to the advantages that you can utilize to their fullest capacity. If you’re looking for a plan that can serve you everything you need as trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the Leaderboards Profit.ly provides a variety of more services it has to provide. One of those is its online store, which allows users to select from a variety of videos created to provide guidance on the nuances and pitfalls of trading. The products listed in this section of the site can be bought immediately for your personal use. Among these products include best-sellers like the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other related to trading, videos and footage from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s array of services and features. You’re probably familiar with the concept of chat rooms since you can find it throughout social and messaging platforms in addition to a few special websites that offer live chat support. But in Profit.ly, it is seen as a real-time place where gurus and their members trade and share knowledge in real-time. Each guru has their style in operating their chat room and dealing with the listed members. One might be more laid back and rarely active, while another might be more active and in touch with their students. Consider chat rooms like Profit.ly’s version of a forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock traders, from novices to the most experienced. With the variety of deals it can provide this platform definitely has something for every person.
For instance, newbies will appreciate Profit.ly’s knowledge-based materials available across the platform. Not only will they get daily videos and chat room advice by its internal gurus as well as their members. They’ll also be able to choose from the items in its online store for them to take wherever they go. You can also get hands-on experiences by trading through the platform, but ultimately they’ll realize that the process is a high-stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had decades of experience in the line, we see Profit.ly as equally as suitable to them as the newcomers. While the newbies may not be as adept at dealing with trading issues, the pros already understand how it works along with the plethora of risks that come with it. It is ideal to utilize Profit.ly’s variety of features to their full advantage to enhance their skills in trading. Like novices, they can learn from the experts and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! Trade professionals who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their skill to others as a way to help navigate them through the ever-changing trading process. Profitly As A Service
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 tons of learning communications, trading, and communication tools
- You will be provided with excellent lessons and tips from the in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through photographs
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There is truly something for every person
The Cons
- Profit.ly’s abundance of products and packages offered might not be enough for a lot of its users
- As traders may opt to post any kind of trade, there is a possibility that some of them will profit by cherry-picking the best trades to boost their rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds as its premium users are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Verdict is: Is Profit.ly worth it?
If we could come up with the answer, it’s an affirmative “yes”. But you need to understand that the platform should not be used as a quick-fix scheme to make money. The platform wasn’t originally meant to be designed to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Profitly As A Service
What we do mean”yes” is that it could be a useful learning tool. For those who are struggling, they could be able to find Profit.ly’s variety of resources to be helpful in their efforts to avoid losses and perform better than they did before. It’s not just the struggling traders that will benefit from the platform. It can accommodate beginners and even experts in the field!
If you truly care about being more successful in trading and would like to learn from your peers and experts along the way, then take a look at Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Profitly As A Service
What are the best ways to use Profit.ly to post your trades?
Profit.ly includes a trade entry portion in the My Trade’ category of the dashboard which lets you post your trades, either verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades into the spaces provided and details
- Send a screen shot of your transactions
How can I tell whether the trade can be verified or not?
If you import your trade from a trusted brokerage, there is an excellent probability that it’s verifiable. This is shown by the blue check mark. If you upload it manually or through images, it will be classified as unverified.
The downside of having an unverified trade is the possibility of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to be listed at the top of the Madoff leaderboard, where users can see who’s fraudulent in posting trades.
Are the Profit.ly mobile app still available?
As of the moment, Profit.ly is still available for download on the Apple App Store as well as on the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just seeking to make the most profit but also help each other learn and improve in acquiring stock market opportunities all over the world.
