The stock market can be an extremely risky game. On some days, you may enjoy the benefits of positive and satisfying numbers. On other days, however it could be the reverse and it could be very difficult to return to the point you were at your peak. If you find yourself always in the mud it is important be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve been incurring occasional losses You’ll need reliable advice from tested and tried trading experts. Additionally, you’ll require an enormous boost from your fellow traders from around the world, which is why we’ve found an option that can help you to improve your performance in the market. In this review, we’ll take a look at Profit.ly is a well-known 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.
Total Rating: 4.1/5 Profitly Baum
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be knowledgeable and accountable, as well as transparent and uplifting with one another through its wide range of features and tools such as trade verification, chat rooms, and an enriched library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for those who are starting out as well as a place for traders who are experienced to monitor their performance using the aid of sophisticated analytics tools. Offering users a broad array of options for trade and communication that help traders from all walks of life connect with one another. It also allows gurus to make worthy investments within the boundaries of the platform. Imagine it as 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 ensures that the trades are valid and won’t allow for fraud as much as is humanly possible. It was established in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his interview with Forbes magazine Sykes stated that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been previously done.” The concept Sykes said served two goals: 1.) making public records for everyone, not just the experts as well as newsletter authors and students and secondly) giving everyone on the platform to be enlightened by both losses and wins to the benefit of the trading industry. Profitly Baum
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of features and services aimed at achieving success. You can create an account there for free, but you’re only given the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s offerings that we’ll review in the coming days.
Making an account simple: Create a profile with your experiences and expertise, connect to your brokerage account and you have yourself a chance to shoot your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users an insight into their performance as a trading group and its gurus. It’s not just a way to demonstrate your worth to a large group of traders, as you can also use Profit.ly to purchase with a professional with the assurance that you’re comfortable of their knowledge and the legitimacy of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can opt to post your trades, verified or not, by taking photographs. Included in Profit.ly is the huge selection of trading classes 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 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 personality who is famously known for delving his hands into penny stock trading. According to Investopedia Penny stock is a small business’s stock which trades at less than $5 per share. The penny stock market could be viewed as an opportunity for small companies to move 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 will be able to tell you because of his decades of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, earned over $6 million of profit throughout his illustrious 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 series “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms as well as penny stock themes and educational material aimed at people who are brand new to the trading field. He also helped to establish Profit.ly as a place 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 variety of education sources, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the trading experts who have made substantial amounts of money from their combined years of experience. Profitly Baum
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their niche in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of 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. When we take that into account Let’s look at what packaged deals each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to predict the next possible moves in trading.
A standalone purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS and 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 that has been upgraded of the Tim’s Alerts program. Priced at $149.95 per month, this is the perfect plan for investors who are invested in the penny-stock market. Pennystocking Silver comes with all the standard features that were included in the previous plan, such as swing trading alerts as well as 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 under the alias “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Profitly Baum
The Superman Alerts package is his offer of the most essential features and trading alerts targeted to those interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist along with the mobile application, daily market commentary in real-time, and SMS and e-mail alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge provided by Superman himself, via his Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. On top of that you’ll also have access to premium research reports and the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the world of online trading and leave your mark on the field, Profit.ly has the right amount of resources to get you up and running. The platform has three membership levels that are designed to accommodate traders of different levels. Let’s break down what these three levels are and what they will cost you.
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the world of trading. Once you have signed up for this package you’ll be provided with a variety of powerful and vital trading tools, all one of them essential in keeping your fingers on what call a competitive process in and of itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the capability to check the results of your trades and track profit as well as leading, following and even chatting with your fellow traders; and providing feedback on trades today. You’re also allowed to get on leaderboards; analyze, sort, or filter the trades you make and lastly, look at other people’s statistics.
The Novice plan will cost $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 profile, which makes your actions public. If you’re looking to get the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to use many of the features of the Novice plan. It is in this plan that you can set up a private profile for sharing with fellow associates all your insights and knowledge you gain from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan will do what the name implies catering for those looking to develop their skills in trading. As nice as it seems, there is one significant feature that is missing. In contrast to the Novice package, you won’t be able to see other traders’ stats that could be a problem for those who are eager to try this new tier. Profitly Baum
This is by far the highest luxurious package Profit.ly offers to experienced traders. With $74.95 monthly, and a 22% discount when billed annually This plan offers everything. It gives you full, unlimited access to all features from the two previous plans.
Not only do you get to see other users’ stats and data, but you also have the option of creating a private profile. Both of these options, on top of all the advantages you’ll be able to use to their fullest capacity. If you’re looking for an account that will give you everything you need as an experienced trader, the Pro plan is ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly provides a variety of more services it has to provide. One of them is the online store, where customers can choose from a wide array of videos created to help you understand the ins and outs of trading. All of the products featured in this section of the website is available to be bought immediately for your personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, and all other aspects of trading. There are also clips and footage taken from The Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are included in Profit.ly’s array of services and features. You are probably familiar with the concept of the chat room since you can find it throughout social and messaging platforms in addition to a few special websites that provide live chat support. However, in Profit.ly the chat room is viewed as a hands-on space where experts and their members trade and learn in real time. Every guru has their own style in operating their chat room and dealing with the listed members there. One of them may be laid back and rarely active, while another might be more online and communicative in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock trader types, from novices to the most experienced. Considering the number of offers it offers this platform definitely has something for every person.
Newbies, for instance, will enjoy Profit.ly’s knowledge-based materials available across the platform. In addition, they will get daily videos and chat room tips from the in-house experts and members. Additionally, they can select from the products in its online store that they can take with them wherever they may go. Additionally, they can gain practical experience trading on the platform, but eventually, they will soon learn that this is a risky game that shouldn’t be taken as an opportunity to make fun of.
For traders who have years of exposure down the line, we believe Profit.ly equally suitable to them as the newcomers. While novice traders may not be as well-equipped with dealing with trading issues, the pros already understand how it works along with the stack full of risks associated with it. Ideally, they may make use of Profit.ly’s range of options to their maximum advantage to improve their trading skills. Like novices, they can learn from the experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Experts who have been verified can also participate in the excitement! People in the trade industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to showcase their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Profitly Baum
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a “one-stop’ stock trading platform enable it to provide traders everywhere with a wealth of education, communication, and trading tools
- You will be provided with excellent lessons and insights from its inside experts, as well as video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders that are waiting to reach you out whenever something happens
- The leaderboard feature on the platform gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting trades that are not authentic by taking screenshots
- Profit.ly’s wide array of subscription plans and guru packages are priced at affordable rates – there truly is something for every person
- Profit.ly’s abundance of products and packages offered might not be enough 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 selecting the best trades in order to improve their ratings This could be a concern that should not be ignored.
- Profit.ly does not accept refunds as its premium users are expected to immediately benefit from the number of services that the platform can provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with the answer, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally meant to be designed for this reason. Instead, you need to have curiosity. Profitly Baum
What we mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they might find Profit.ly’s variety of resources to be helpful as they do their best to reduce loss and perform better than they did before. Not only poor traders that can profit from the platform. It is able to accommodate novices and even experts in the field!
If you truly desire to be more successful in trading and would like to be taught by your mentors and peers on the way, look no further – Profit.ly may be a great choice to start.
FAQ Profitly Baum
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes a trade entry portion under the ‘My Trade section of the dashboard. It lets you record your trades, either verified or not. You may choose between three options:
- Linking your account to the brokerage of choice and importing trades directly from there
- Manually entering your trades using provided spaces and specifics
- Take a photo of your trades
How can I tell if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there’s the probability that it’s verifiable. This is indicated with the small blue check. If you post it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the possibility of getting downvotes from your friends and colleagues. Too many downvotes may cause you to show up at the top of the Madoff leaderboard, where people can see who’s fraudulent in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile app version is compatible with most 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 seeking to make the most profit but also assist each other to grow and learn more about acquiring stock market opportunities left and right.