The stock market can be a high-stakes game. Some days, you could be reaping the benefits of positive and satisfactory numbers. However, on other days you may experience the opposite and it could be extremely difficult to return to where you were your best. If you are immersed in the water You will need be aware that relying solely on instinct and survival may not always be enough.
If you’ve been incurring occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an enormous boost from your colleagues in the market from all over the world, which is why we’ve identified a platform that can support you in your improvement in the market. We’ll take the time to 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 Bcs
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 enables traders of various levels to be informed responsible, transparent, and encouraging one another through its wide array of tools and features such as trade verification, chat rooms as well as an extensive library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for those who are just beginning their journey and as a hub for experienced traders to track their performance through the use of advanced analytics tools. Offering users a broad variety of tools for communication and trade, it helps traders from all walks of life network with one another. It gives the gurus worthy investments within the boundaries that the site. Imagine it as the social media equivalent the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently checks the performance of trades and publishes all data from them in the style of leaderboards. The trading platform is built on transparency and honesty: it guarantees that the trades are valid and won’t tolerate inauthenticity 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 his colleague Michael Mosseri.
In an interview for Forbes publication, Sykes said that Profit.ly was driven by its focus “on the transparency of all trades, something that has never been prior to.” The idea, he added, served two goals: 1.) making public records for everyone, not just the experts, but also the newsletter authors and students, and 2) allowing everyone on the platform to learn from both losses and wins for the trading industry’s benefit. Profitly Bcs
How Does It Perform?
Profit.ly utilizes a subscription model that lets stock traders have access to a range of services and features geared towards achieving the success of their business. You may set up an account on the site at no cost, however you’re only limited to having the ability to navigate through the leaderboard and observe 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 will need to sign up to one of Profit.ly’s offerings, which we will go over shortly.
The process of opening an account is easy: create an account that includes your personal information and skills, join your brokerage account, and you’ll have an opportunity to make through at the very top of the list. Profit.ly’s leaderboard feature, as mentioned previously, is designed to give its users a glimpse of how the community of traders performs as well as its gurus. It’s not only a chance to show value to a large group of traders, but you can also utilize Profit.ly to purchase with a professional with the assurance that you’re confident in their skills and the credibility of their claims.
If you are unsure about the idea of divulging information about your account with a brokerage, you can choose to publish your trades, whether verified or otherwise, through photographs. Also included in Profit.ly are the vast number of trading courses and the capability to see stats in a trader’s profile and other methods to communicate with your gurus via chatrooms in addition to notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who is famously known for his efforts in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock which trades at just less than 5 cents per share. The trading of penny stocks is an opportunity for small companies to move into a larger market because it allows them to access capital from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes is sure to reveal thanks to his years of experience.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, made over $6 million of earnings during his long and successful career as trader. At 25 years old, he had been given greater exposure and a larger reach of influence as a participant in the reality TV show “Wall Street Warriors.” He used the opportunity to establish trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place for openness, and to allow the community to rise and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education tools, trade alerts as well as other useful information provided by the company’s internal gurus. Gurus are referred to the experts in trading who have proven to make substantial amounts of money from their collective years of knowledge. Profitly Bcs
At its peak, Profit.ly had housed up to five gurus. Each of them a professional in their field of expertise in the trading industry. Some of the prominent experts 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 take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes
Sykes offers an essential stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you will be able to see him concentrate on the fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile application that is available on iOS as well as Android devices, texts, emails, and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts program. It costs $149.95 for a month it is the perfect plan for investors who are committed to the penny-stock market. Pennystocking Silver comes with all the standard features of prior plans, including alerts for swing trading and access to a rich collection of more than 7,000 educational videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Profitly Bcs
The Superman Alerts plan is an offering of essential features and trading alerts targeted to those interested. For just $147 per month, you’ll have an access to the day-to-day premarket stock watchlist along with the mobile app, daily market commentary in real time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to the extensive knowledge base of information provided by Superman himself via Superman Pro. Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of the previous ones. Additionally you’ll also gain the ability to access premium reports on research and an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave a mark in the market, Profit.ly has the right amount of resources to get you started. The platform has three membership levels, each designed for traders of different levels. Let’s look at what the three are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s basic plan that is designed specifically for those who are new to the trading world. When you sign up for this plan you’ll be offered a range of strong and essential trading tools, all of which is essential to keep your fingers on what we can describe as a cutthroat process by itself.
The list of features you can accomplish using Profit.ly’s Novice package include the capability to check trades and track profits; leading, following, and even messaging your fellow traders; and leaving feedback on today’s trades. You can also get on leaderboards; analyze your trades, sort as well as filter trades; and, finally, see other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it looks attractive for the price alone, there is a downside. You can’t create a private account, making your actions public. If you’re interested in have access to this feature, keep an eye on us as we present to you Profit.ly’s new plan.
Trader Plan
The Trader plan allows users to benefit from many of the features of The Novice package. In this plan, that you can create a private profile to share with other associate users all your knowledge and intel in the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says caters for those looking to develop their trading skills. While it’s nice, there is one significant aspect that’s not included. Unlike the previous Novice package, you won’t be able to see other traders’ statistics, which might be a drawback for some who may be anticipating this level. Profitly Bcs
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. With $74.95 per month, which includes 22% off for annual billing This plan offers everything. You will have full, unrestricted access to all the options of the previous plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the opportunity to create an individual profile. Both of these options, plus the other advantages you’ll be able to use to the fullest potential. If you’re in search of an account that will give you everything you need as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly offers a number of additional services that it can offer. One of them is the online store, where customers can select from a variety of video products created to provide guidance on the ins and outs of trading. All of the products featured on this page of the website can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other aspects of trading. There are also clips and footage of events like 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 range of services and features. You’re probably familiar with the concept of the chat room since you will see it on messaging and social platforms, as well as some specialty websites that offer live chat support. But on Profit.ly, it is seen as a hands-on space where experts and their members can interact and learn in real time. Each guru has their style in running their chat rooms and in dealing with the members there. Some may be laid back and rarely engaged, while another could be more online and communicative to their pupils. Think of the chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features are geared towards the wide range of stock trader types, from novices to the most experienced. Considering the number of offers it can provide it is certain to have something for every person.
Newbies, for instance, will enjoy Profit.ly’s library of learning information available on the platform. In addition, they will be enriched with weekly videos and chat room tips by its internal gurus and members. Additionally, they can select from the products on its store online that they can take with them wherever they may travel. You can also get hands-on experiences by trading through the platform, however they’ll be able to realize that trading is a high-stakes game that should not be viewed as an opportunity to make fun of.
For traders who have many years of experience down the line, we believe Profit.ly equally suited for them as it is for the newcomers. While novice traders may not be as adept at dealing with trading issues however, experienced traders know the way it functions and the risky mix associated with it. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to enhance their trading skills. Like novices, they can learn from the top experts and experts , and use those short tips and tricks along the way.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Verified experts can also join in the fun! Trade professionals who are at an equal level with Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skills to others as a way to assist them in the ever-changing trading process. Profitly Bcs
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with tons of learning tools, communication, and trading tools
- You will be provided with excellent lessons and insights from its inside experts, as well as libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature of the platform offers you a way to build your reputation as a reliable and dependable trader
- Apart from its main capabilities, 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 diverse range of packages and subscription levels are priced at a reasonable cost – there truly is something for all
The Cons
- Profit.ly’s numerous packages and products offered may seem overwhelming for most of its users
- If traders decide to post any kind of trade, there’s an opportunity that some them may take advantage by selecting the best trades in order to improve their ratings – this may be a concern that should not be overlooked.
- Profit.ly does not accept refunds, as the premium customers are expected to immediately take advantage of the numerous services the platform has to offer
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The Final Verdict: Is Profit.ly Valued?
If we were able to come up with an answer to this question, it would be yes. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. It wasn’t designed to be used in this way. Instead, you should have an open mind. Profitly Bcs
What we are referring to”yes” is it could be a useful learning tool. People who are stuck could be able to find Profit.ly’s array of resources to be helpful in their efforts to reduce losses and perform better than they did before. Not only struggling traders that will profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly want to become better at trading and wish to be taught by your fellows and gurus on the way, look no further – Profit.ly is a fantastic option to begin.
FAQ Profitly Bcs
How can you make use of Profit.ly to post your trades?
Profit.ly offers an entry section for trades within the My Trade section of the dashboard which lets you post your trades that are verified or not. You may choose between three options:
- Linking your account to the brokerage of choice and importing the trades from that directly
- Manually entering your trades into specified spaces and information.
- Take a photo of your transactions
How can I tell whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s the chance that it is verifiable. This is evident by the blue check mark. If you submit it manually or through images, it will be classified as unverified.
The downside of having an unauthentic trade is the risk of receiving downvotes from friends and colleagues. If you receive too many negative votes, it could cause you to show up in the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download via the App Store for Apple and the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, as they not only are 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 all over the world.
