Stock trading is a high-stakes game. Some days, you may enjoy the benefits of pleasing and positive numbers. On other days you may experience the opposite, and it may sometimes be very difficult to return to where you were at your most productive. If you are constantly stuck in the gutter, you will have be aware that relying solely on pure instinct and preservation may not always be enough.
If you’ve suffered occasional losses You’ll need sound advice from tried-and-tested trading experts. You’re also gonna need an important boost from 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. This review will be taking an in-depth look at Profit.ly A well-respected 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.
Overall Rating: 4.1/5 Profitly Below Market Value
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 allows traders of all levels to be informed and accountable, as well as transparent and uplifting with one another through its wide array of tools and features such as chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading website that functions as a learning and education platform for traders who are just beginning their journey and also as a platform for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Offering users a broad range of resources for trade and communication, it helps traders from all walks of life connect with one another. It also allows gurus to make an opportunity to invest in the right areas of the platform. Imagine it as an online social media platform similar like 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 honesty and transparency: it ensures that the transactions are legitimate and will not allow for fraud as much as is humanly possible. It was created in the past by penny expert in stock trading and investment guru Timothy Sykes, along with fellow expert Michael Mosseri.
In an appearance in Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on showing all trades, something that was never done before.” The concept, he added, served two goals: 1.) making public records for not just the gurus as well as newsletter authors and students, and 2) giving all users to be enlightened by both the wins and losses to benefit the industry of trading. Profitly Below Market Value
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of services and features geared toward achievement. It is possible to create an account there for free, but you’re only given access to the leaderboard and follow the activities of non-gurus. If you’re looking to invest your money to see what stocks the experts are trading in real-time, you will need to join one of Profit.ly’s offers that we’ll discuss in the near future.
The process of opening an account is simple: Create an account with your experience and expertise, connect your brokerage account, and you have yourself an opportunity to make your way to at the very top of the list. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier, is designed to give its users a glimpse of the performance of the trading community as well as its gurus. It’s not only a chance to prove that you’re worthy to the group of traders, but you can also utilize Profit.ly to shop from a guru with the assurance that you’re confident with their expertise and the credibility of their claims.
If you’re not comfortable with the idea of sharing your brokerage account, you may opt to post your trades, verified or otherwise, through photographs. Also included in Profit.ly is the huge selection of courses in trading and the capability to see the stats of a trader’s account as well as other ways to interact with your experts through the chatroom in addition to text and e-mail alerts and updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who is well-known for delving his hands into the penny-stock market. According to Investopedia, a penny stock is a small business’s stock which trades at under $5 for each share. The penny stock market is an opportunity for small businesses to transition 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 an extremely risky game, as Sykes will be able to tell you through his many years of expertise.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, made more than $6 million in profit during his long and successful career as trader. At the age of 25, he had been given greater exposure and a larger influence over time when he was a part of the reality series “Wall Street Warriors.” Then, he made use of the show to develop trading rooms as well as penny stock themes and educational content geared toward those who are new to trading. He also helped establish Profit.ly as a place of openness, 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 amazing features is the variety of education resources, 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 made substantial amounts of money through their years of expertise. Profitly Below Market Value
At its height, Profit.ly had housed up to five gurus. Each of them a pro within their particular field within the world of trading. Some of the most prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing there are only two gurus who remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 monthly, you’ll be able to see him focus on the basic stock catalysts and employ them to predict the next possible moves in trading.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available on iOS as well as 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 premium version that has been upgraded of the Tim’s Alerts package. At $149.95 per month, this is a great option for those who are committed to penny stock trading. Pennystocking Silver comes with all the standard features of prior plans, such as alerts for swing trading and access to a rich collection of more than 7,000 educational videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in trading earnings. Profitly Below Market Value
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared toward those who may be interested. For just $147 per month, you’ll have an access to the day-to-day stock watchlist that is premarket as well as the mobile app, daily market updates in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base provided by Superman himself through Superman Pro. Superman Pro package. On top of the essentials that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of other previous ones. On top of that, you’ll also get the ability to access premium reports on research as well as the IPO as well as earnings tracking tool.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of resources to get you going. The platform has three membership tiers that cater to traders with different levels. Let’s look at what the three levels are and what they will 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 world of trading. When you sign to this plan, you will be immediately offered a range of strong and vital trading tools, all one of them essential in keeping your hands on what we can describe as a cutthroat process in and of itself.
The list of features you can accomplish using Profit.ly’s Novice package is the capability to check trades and track profits as well as leading, following and even texting other traders; and giving feedback on the trades of today. It also allows you to be on leaderboards; analyze, sort, or filter the trades you make; and, lastly, view the statistics of other traders.
The Novice plan will cost $29.95 per monthly payment. Although it might look appealing simply because of the price, there is a downside. You can’t create a private profile, thus making your activities publicly available. If you’re interested in gain the benefit of this service, you should keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use a majority of features from the novice plan. In this plan, that you can set up an account that is private to share with other associate users all your knowledge and information you have gained from this trading group.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters to those who desire to harness their expertise in trading. While it’s nice but there’s one important element that’s missing. In contrast to the Novice package, you won’t be able to view the statistics of other traders this might be a drawback for those anticipating this level. Profitly Below Market Value
Pro Plan
The Pro plan is the most expensive plan Profit.ly could offer for seasoned traders. At $74.95 monthly, with a 22% discount for annual billing the Pro plan has it all. You get full, no-holds-barred access to all options of the prior plans.
Not only do you get to view other people’s stats, but you’re also given the option of creating a private profile. Both of these options, plus the other advantages that you can utilize to the maximum extent. If you’re looking for a plan that can serve you with everything you require as a skilled trader, maybe the Pro level is for you!
Profit.ly’s Other Services
Apart from the provided training tools and the leadersboards Profit.ly has a few more services it has to offer. One of those is its online store, where customers can select from a variety of videos created to provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the website can be immediately purchased for personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content on short stocking, penny stocking, and all other things trading-related, clips and clips from the Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are included in Profit.ly’s range of features and services. You’re probably familiar with chat rooms since you can find it throughout social and messaging platforms, as well as some specialty websites that provide live chat assistance. However, in Profit.ly the chat room is viewed as a real-time area where experts and members can interact and exchange knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members there. One might be laid back and rarely engaged, while another could be more online and communicative to their pupils. Consider chat rooms as Profit.ly’s version of a forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features cater to a large variety of stock traders, ranging from novices to experienced professionals. Considering the number of offers it has to offer it is certain to have something for everyone.
Beginners, for instance, will appreciate Profit.ly’s knowledge-based information available on the platform. They will also be enriched with weekly videos and chat room tips from the in-house experts as well as their members. They’ll also be able pick from the merchandise available on its store online to carry with them wherever they travel. They can also gain hands-on experiences by trading through the platform, however, they will soon learn that trading is a risky game that should not be viewed as an amusing pastime.
For the traders with years of exposure down the road, we consider Profit.ly as equally as suitable to the newcomers. While the newbies may not be as well-equipped with handling trading matters however, experienced traders know how it works and the stack full of risks associated with it. It is ideal to utilize Profit.ly’s variety of features to their full advantage to improve their trading skills. As beginners, they are able to learn from the top experts as well as experts, and take advantage of short tips and tricks throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the enjoyment! People in the trade industry who are on the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others as a way to assist them in the ever-changing trading process. Profitly Below Market Value
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You will receive excellent training and insights from its internal experts, which include collections of educational videos as well as trading in real-time.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature on the platform gives you the chance to establish your credibility as a trustworthy and dependable trader
- Apart from its main features, Profit.ly also gives its customers extra options that can be tailored to their individual preferences, for instance, posting trades that are not authentic by taking photographs
- Profit.ly’s wide array of packages and subscription levels are priced at affordable rates There’s something for everyone
The Cons
- Profit.ly’s abundance of products and packages offered might be too much for most of its users
- If traders decide to make any type 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 offer refunds, as the premium customers are expected to instantly take advantage of the numerous features the platform is able to provide
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The Final Verdict The Final Verdict: Is Profit.ly worth it?
If we could come up with an answer to this question, it would be yes. However, you must realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always intended to be created for this reason. Instead, you need to have an open mind. Profitly Below Market Value
What we do mean by ‘yes’ is that it could be a useful learning tool. For those who are struggling, they might discover Profit.ly’s range of resources to be helpful in their efforts to reduce loss and perform better than before. Not only poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being better at trading and wish to learn from your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Profitly Below Market Value
How can you make use of Profit.ly to make your trades public?
Profit.ly offers a trade entry portion in the “My Trade section of the dashboard. It lets you post your trades that are verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your transactions
How can I tell if the trade is verifiable or not?
If you purchase your trade through a reliable brokerage, there’s a high probability that it’s verifiable. This is shown by the small blue check. If you upload it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The downside of having an unauthentic trade is the chance of getting downvotes from your colleagues. A large number of downvotes could result in you appearing in the Madoff leaderboard, which is where the public are able to identify who is untruthful in submitting trades.
Are the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available for download on the App Store for Apple and the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders since they’re not just 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 left and right.