Stock trading can be an extremely risky game. Some days, you could 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 where you were at your best. If you’re always in the mud it is important to recognize that relying on pure instinct and preservation might not be enough.
If you’ve been incurring losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve discovered an option that can help you in your improvement in the market. We’ll take the time to look at Profit.ly, a well-recognized 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Profitly Before And After
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly can be described as an online platform for trading that enables traders of different levels to be informed and accountable, as well as transparent and encouraging each other through its broad range of features and tools like chat rooms, trade verification as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for those who are starting out and also as a platform for experienced traders to track their performance through the use of cutting-edge analytics tools. It provides users with a vast array of options for trade and communication, it helps traders from all walks of life network with one another. It also allows gurus to make worthy investments within the boundaries of this platform. Imagine it as a social media site akin to Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The trading platform is built on trust and transparency. it makes sure that trades are valid and won’t accept fake news as long as it is possible. It was established many years ago by penny stock trade expert and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes publication, Sykes declared that Profit.ly was based “on showing all trades, something that was never previously done.” This idea Sykes said served two goals: 1.) keeping track of public data for not just the gurus and newsletter authors and students, and 2) allowing everyone on the platform to learn from both losses and wins to the benefit of the trading industry. Profitly Before And After
How Does It How Does It
Profit.ly follows a subscription-based model which allows stock traders to have access to a range of services and features geared toward the success of their business. You may set up an account there at no cost, however you’re only given access to the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money and see what stocks the experts are trading in real-time it is necessary to sign up to one of Profit.ly’s offerings, which we will discuss in the near future.
The process of opening an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account and you have yourself an opportunity to make your way to at the very top of the list. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users a look at how the community of traders performs and its gurus. It’s not just a way to show value to a community of traders, but you can also utilize Profit.ly to purchase from a guru with the assurance that you’re confident of their knowledge and the legitimacy of their claims.
If you are unsure about the idea of sharing your brokerage account, you may choose to publish your trades, whether verified or not, by taking pictures. In Profit.ly are the vast number of courses in trading and the capability to see statistics on a person’s profile, and more ways to communicate with your gurus through the chatroom in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is famously known for his involvement in trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for under $5 for each share. The penny stock market is a stepping stone for small businesses to transition into a larger market because it gives them access to funds from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes can surely tell thanks to his years of experience.
From his beginnings at the end of his time in High School, Tim Sykes has, since then, earned over $6 million of earnings during his long and successful career as trader. At the age of 25 Tim Sykes had received greater exposure and an even wider impact when he was a part of the reality show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms, penny stock themes, and educational material aimed at people who are brand new to trading. He also helped to establish Profit.ly as a platform for transparency, and for the community to uplift and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of education resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the experts in trading who have proven to make significant amounts of profit from their collective years of knowledge. Profitly Before And After
At its peak, Profit.ly had housed up to five gurus. Each of them an expert in their niche within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing only two gurus remain on this platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service with the main priority being penny stock day trading through Tim’s Alerts. Costing $74.95 for a month you will be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next move that is possible when trading.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS and Android devices; text, e-mail, and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 monthly, this is a great option for those who are more invested in the penny-stock market. Pennystocking Silver offers all the essential features found in earlier plans including alerts for swing trading and access to a library of over 7,000 educational videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who goes under the alias “Superman,” is a swing trading professional with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly Before And After
The Superman Alerts package is his offering of essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get access to the daily stock watchlist that is premarket and the mobile app, daily market commentary in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base of information provided by Superman himself through the Superman Pro package. In addition to the basic features included in the Alerts package, Superman Pro gives you daily video lessons, which include the growing collection of previous lessons. Additionally you’ll also gain access to premium research reports and an IPO as well as earnings tracking tool.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of tools 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 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 trading world. When you sign up for this package, you will be immediately offered a range of strong and essential trading tools, all of which is essential to keep your fingers on what we call a competitive process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit and follow-up, leading and even chatting with other traders; and providing feedback on trades today. It also allows you to be onto leaderboards; study the results of your analysis, sort, or filter the trades you make; and, finally, see the statistics of other traders.
The Novice plan will cost $29.95 per month. Although it might look appealing just by the price but there’s a disadvantage. It isn’t possible to create a private profile, thus making your actions public. If you’re looking to have an account with this option, be watching for us to introduce to you Profit.ly’s next plan.
Trader Plan
The Trader package lets users to benefit from the majority of features available in the novice plan. This plan allows that you can create an account that is private to share with fellow associate users all the insights and knowledge you gain from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests catering to those who desire to develop their skills in trading. Although it’s a nice thing but there’s one important aspect that’s not included. In contrast to the Novice package, this one won’t be able to see the statistics of other traders that could be a disadvantage for those anticipating this level. Profitly Before And After
Pro Plan
The Professional plan can be described as the most luxurious package Profit.ly could offer for seasoned traders. At $74.95 per month, and a 22% discount when billed annually, this tier has everything. You will have full, unrestricted access to all the features of the prior plans.
Not only do you get to see other users’ stats and data, but you also have the option of creating your own private profile. These two features are plus the other benefits that you can use to the maximum extent. If you’re looking for a plan that can serve you with everything you require as an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leaderboards, Profit.ly has a few additional services that it can offer. One of them is the online store, where customers can select from a variety of instructional videos that are created to provide guidance on the nuances and pitfalls of trading. Each of the offerings listed on this page of the website can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on penny stocking, short stocking, and other related to trading, videos and footage from The Annual Pennystocking Conference, and other products by expert traders.
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The chat rooms that are integrated are as well part of Profit.ly’s range of services and features. You may be familiar with chat rooms since you can see it across social and messaging platforms, in addition to a few special websites that offer live chat assistance. But in Profit.ly it’s seen as a place where gurus and their member traders can communicate and learn in real time. Every guru has their own way in running their chat rooms and dealing with the members. One might be a laid-back person who is less engaged, while another could be more online and communicative to their pupils. Consider chat rooms as Profit.ly’s version of the forum, in essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s diverse range of products and features cater to the wide range of stock traders, from beginners to experienced pros. Given the wide range of options it has to offer it is certain to have something for every person.
For instance, newbies will appreciate Profit.ly’s knowledge-based information available on the platform. They will also be provided with videos every week and chat room tips by its internal gurus and their members. They’ll also be able select from the products on its store online that they can take with them wherever they may go. You can also get hands-on experiences from trading within the platform, but eventually they’ll be able to realize that trading is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suited for them as it is for the newcomers. Although the novices might not be as proficient in managing trading, the pros already understand how it works along with the plethora of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s array of features to their best advantage to improve their skills in trading. Like beginners, they can learn from the experts and experts , and use those short tips and tricks throughout the process.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. Verified experts can also join in the excitement! Those in the trading industry who are on similar levels to Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders in order to navigate them through the ever-changing trading process. Profitly Before And After
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a “one-stop” stock trading platform enable traders across the globe with a wealth of education communications, trading, and communication tools
- You get to be taught by experts and advice from the company’s internal experts, which include libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main capabilities, Profit.ly also gives its customers additional options to meet their individual preferences, for instance, posting unauthentic trades via screenshots
- Profit.ly’s diverse range of packages and subscription levels are priced at affordable rates There is truly something for everyone
The Cons
- Profit.ly’s bountiful stream of products and packages offered might be too much for the majority of its users
- If traders decide to post any kind of trade, there is the possibility that some of them may take advantage 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 because its premium users will immediately take advantage of the numerous services that the platform can offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Worth It?
If we could think of an answer to this question, it’s a ‘yes’. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform wasn’t originally meant to be designed in this way. Instead, you should have an open mind. Profitly Before And After
What we are referring to”yes” is that it could be a useful learning tool. People who are stuck could be able to find Profit.ly’s variety of resources useful when they try their best to avoid losses and be more successful than before. It’s not just the struggling traders that will benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely desire to be better at trading and wish to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ Profitly Before And After
How do you use Profit.ly to post your trades?
Profit.ly has a trade entry portion within the “My Trade section of the dashboard. It allows you to post your trades that are verified or otherwise. You may choose between three choices:
- Connecting your account to your broker of choice and import trades directly from there
- Manually entering your trades using the spaces provided and details
- Send a screen shot of your transactions
How do I know if the trade is verifiable or not?
If you buy your trade from a reputable brokerage, there’s the probability that it’s verifiable. This is indicated with the blue check mark. If you submit the information manually or via screenshots, it will automatically be assigned as unverified.
The disadvantage of an unauthenticated trade is the chance of receiving downvotes from colleagues. Too many downvotes may cause you to be listed in the Madoff leaderboard, which is where the public can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download from the Apple App Store as well as in the Google Play store. The mobile version of the app works with all operating tablets and smartphones.
How many are using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, because they are not just trying to maximize profits but also assist each other to learn and improve in acquiring opportunities on the stock market all over the world.
