The stock market can be an extremely risky game. On certain days, you could have the benefit of positive and satisfying numbers. However, on other days it could be the reverse, and it may sometimes be very difficult to get back to where you were your most productive. If you find yourself always in the mud You will need to recognize that relying on your instincts and preserving may not always be enough.
If you’ve been incurring loss from time to time You’ll need solid advice from seasoned and tested trading experts. Additionally, you’ll require an enormous 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 within the field. This review will be taking 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitly Behind The Markets
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 allows traders of different levels to be knowledgeable responsible, transparent, and uplifting with each other through its broad array of tools and features including trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for people new to trading as well as a place for traders with experience to keep track of their performance using the aid of sophisticated analytics tools. Providing users with a wide array of options to facilitate trade and communication, it helps traders from all walks of life network with each other. It also allows gurus to make worthy investments within the boundaries that the site. Think of it as an online social media platform similar like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are valid and won’t allow for fraud as much as it is possible. It was created many years ago by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview with Forbes publication, Sykes said that Profit.ly was motivated by its focus “on the transparency of every trade, something that was never prior to.” The concept, he added, served two purposes: 1) keeping track of public data for all traders, not just the gurus and newsletter authors and students as well as) making it possible for anyone on the platform to learn from both losses and wins for the trading industry’s benefit. Profitly Behind The Markets
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of tools and services that are geared toward success. It is possible to create an account at no cost, however you’re limited to access to the leaderboards and monitor the activities of non-gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time You’ll need to sign up to one of Profit.ly’s offers that we’ll discuss in the near future.
Setting up an account is simple: Create an account with your experience and knowledge, then connect to your brokerage account, and you’ll have a chance to shoot your way up to at the very top of the list. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a glimpse of how the community of traders performs as well as its gurus. It’s not just a way to demonstrate value to a community of traders. You are also able to use Profit.ly to buy with a guru, and have the assurance that you’re comfortable of their knowledge and the legitimacy of their claims.
If you feel uneasy with the idea of divulging your brokerage account, you can decide to share your trades, whether verified or not, via screenshots. Included in Profit.ly are the vast number of courses in trading, the ability to view statistics on a person’s profile and other methods to communicate with your gurus in the chatroom, as well as 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 well-known for his involvement in trades in penny stocks. According to Investopedia the term “penny stock” refers to a small company’s stock which trades at less than $5 per share. The trading of penny stocks could be viewed as an avenue for small companies to move to a large marketplace as it allows them to access money from the general public. However, don’t get it wrong – it can also be a high-risk game, which Sykes can surely tell because of his decades of experience.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, earned over $6 million of profits throughout his illustrious career as trader. At the age of 25, he had been given greater exposure and an even wider impact as a participant in the reality series “Wall Street Warriors.” He made use of the show to establish trading rooms and penny stock themes as well as educational content targeted at people who are brand new to trading. He also played a role in establishing Profit.ly as a platform for transparency and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the variety of learning sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have proven to make substantial amounts of money through their years of knowledge. Profitly Behind The Markets
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their field of expertise within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this 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. When we take that into account, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services with the main priority being penny-stock day trading via Tim’s Alerts. The cost is $74.95 for a month you’ll observe him focus on fundamental stock catalysts and use them to forecast the next move that is possible when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app available on iOS as well as Android devices; texts, emails and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts package. It costs $149.95 monthly, it is an ideal plan for those who are invested in investing in penny stocks. Pennystocking Silver offers all the essential features of 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 weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading profits. Profitly Behind The Markets
The Superman Alerts package is his offer of the most essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access daily premarket stock watchlist along with the mobile application, daily market commentary shown in real time, and E-mail and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base of information provided by Superman himself via the Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. In addition you’ll also have access to premium research reports and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the online trading community and make a mark on the market, Profit.ly has the right amount of resources to help you started. Profit.ly offers three membership tiers that cater to traders at different levels. Let’s take a look at what these three tiers 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 just beginning their journey to the trading community. As you sign to this plan you’ll be provided with a variety of powerful and indispensable trading tools, each of which is essential to keep your fingers on what we could call a ruthless process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package is the ability to confirm the results of your trades and track profit as well as leading, following, and even messaging your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and, lastly, view other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. You aren’t able to create a personal account, making your actions public. If you’re interested in get access to this feature, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package allows you to take advantage of many of the features of The Novice package. In this plan, that you are able to create a private profile for sharing with fellow associate users all your knowledge and information you have gained from this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater to those who desire to improve their skills in trading. Although it’s a nice thing, there is one significant element that’s missing. As opposed to the prior Novice package, this one won’t be able view other traders’ statistics this might be a drawback for some who may be looking forward to this tier. Profitly Behind The Markets
Pro Plan
This is by far the highest expensive plan Profit.ly can offer to experienced traders. With $74.95 per month, with a 22% discount for annual billing the Pro plan has everything. It gives you full, unlimited access to all the features of the prior plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the chance to create a private profile. Both of these options, in addition to the benefits that you can use to their fullest capacity. If you’re in search of an option that gives you everything you need as an experienced trader, the Pro tier could be ideal for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly provides a variety of additional services that it can provide. One of them is the online store, which lets users select from a variety of video products created to help you understand the nuances and pitfalls of trading. All of the products featured on this page of the website can be bought immediately for your personal use. These include best-selling products like”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and all other things trading-related, clips and footage of the Annual Pennystocking Conference, and items from other experts in trading.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s range of features and services. You may be familiar with chat rooms since you can see it across messaging and social platforms, in addition to a few special websites that offer live chat assistance. But in Profit.ly the chat room is viewed as a real-time place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own style in operating their chat room and in dealing with the members there. One might be a laid-back person who is not very often engaged, while another could be more active and in touch with their students. Consider chatrooms as Profit.ly’s version of the forum, in the essence.
Who is the ideal trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards the wide range of stock trader types, from beginners to experienced pros. Given the wide range of options it has to offer it is certain to have something for everyone.
Newbies, for instance, will appreciate Profit.ly’s collection of educational materials available across the platform. Not only will they be provided with videos every week and chat room tips from its in-house gurus and members. Additionally, they can choose from the items on its store online to carry with them wherever they go. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll realize that the process is a risky game that should not be viewed as a joke.
For the traders with many years of experience down the road, we consider Profit.ly as equally as suitable to those who are just starting. Although the novices might not be as well-equipped with handling trading matters but the experts already know how it works and the stack full of risks that come with it. In the ideal scenario, they can use Profit.ly’s range of options to their maximum advantage to improve their trading skills. Like beginners, they can learn from the top experts and experts and utilize those simple tips and hints along the way.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the excitement! Those in the trading industry who are on an equal level with Superman as well as Tim Sykes can also use up Profit.ly’s capabilities to display their skills to others as a way to guide them through the ever-illustrious trading process. Profitly Behind The Markets
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with an abundance of knowledge, communication, and trading tools
- You will be taught by experts and advice from the company’s inside experts, as well as libraries of educational videos and live trading activity.
- You can be sure of complete transparency through Profit.ly with accurate analytics as well as fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s diverse range of subscription plans and guru packages are priced at affordable rates There’s something for every person
The Cons
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for most of its customers
- Since traders can choose to make any type of trade, there is an opportunity that some them could profit from picking the most profitable trades to boost their rating – this may be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as the premium customers will immediately take advantage of the numerous services the platform has to offer
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The Final Concluding Question: Is Profit.ly worth it?
If we could come up with an appropriate answer for this query, it would be yes. But you need to understand that the platform should not be used as a get-rich-quick scheme. It wasn’t intended to be created for this reason. Instead, you need to have curiosity. Profitly Behind The Markets
What we do mean”yes” is it is a fantastic learning tool. For those who are struggling, they may discover Profit.ly’s array of resources helpful in their efforts to incur lesser loss and perform better than they did 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 want to become better at trading and wish to be taught by your peers and experts throughout the process, then take a look at Profit.ly. Profit.ly may be a great option to begin.
FAQ Profitly Behind The Markets
What are the best ways to use Profit.ly to make your trades public?
Profit.ly includes an entry section for trades within the ‘My Trade’ category of the dashboard that lets you record your trades, verifiable or not. There are three options:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using provided spaces and specifics
- Upload a screenshot 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 likelihood that it can be verified. This is indicated with the blue check mark. If you upload it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unverified trade is the possibility of receiving negative feedback from colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, where people can detect who’s being untruthful in submitting trades.
Does the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the Apple App Store and the Google Play store. The mobile app version works with all working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders, since they’re not just seeking to make the most profit but also help each other develop and grow in their ability to take advantage of stock market opportunities left and right.
