Stock trading can be an exciting game with high stakes. On certain days, you could be reaping the benefits of positive and satisfying numbers. On other days it could be the reverse and it could be very difficult to get back to where you were your peak. If you are immersed in the water, you will have to realize that relying on instinct and survival may not always be enough.
If you’ve been incurring occasional losses, you’re gonna be needing solid advice from seasoned and tested trading experts. Additionally, you’ll require a significant boost from your colleagues in the market from all over the world, which is why we’ve identified an online platform that will help you to improve your performance within the field. This review will be taking a look at Profit.ly A well-respected 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 Below The Line
User Experience: 4.5/5
Profit.ly is an online trading platform that allows traders of different levels to be knowledgeable responsible, transparent, and to build relationships with one another through its wide range of features and tools like trade verification, chat rooms and a rich library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a learning and training platform for traders who are starting out and also as a platform for traders with experience to keep track of their performance using the aid of advanced analytics tools. Offering users a broad range of resources for communication and trade that help traders from every field of business connect with each other. It offers gurus with worthy investments within the boundaries of the platform. Consider it the social media equivalent to Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the form of leaderboards. The platform for trading 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 in the past by penny stock trade expert and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time during his appearance in Forbes magazine, Sykes stated that Profit.ly was driven by its focus “on showing the entire spectrum of trades, something which has never been done before.” This idea was, he said, serving two purposes: 1) keeping track of public data for everyone, not just the experts and students and newsletter writers and secondly) giving all users to be enlightened by both losses and wins for the trading industry’s benefit. Profitly Below The Line
How Does It Work?
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of tools and services that are geared at achieving success. You can create an account on the site for free, but you’re limited to the capability to browse the leaderboard and observe the activities of non-gurus. If you’re looking to invest your money in order to find out what stocks the experts are trading in real-time You’ll need to sign up to one of Profit.ly’s offers, which we will go over shortly.
Making an account simple: Create an account that includes your personal information and knowledge, then connect to your brokerage account and you’ll be given the chance to climb your way to the top of the leaderboard. Profit.ly’s leaderboard feature, as previously mentioned, is designed to give its users a glimpse of their performance as a trading group and its gurus. It’s not only a chance to show your worth to a large group of traders. You are also able to use Profit.ly to buy with a professional with the confidence that you are confident of their knowledge and the veracity of their claims.
If you feel uneasy with the idea of divulging your brokerage account, you can choose to publish your trades, either verified or not, by taking photographs. Also included in Profit.ly are the vast number of trading classes, the ability to view stats in a trader’s profile as well as other ways to communicate with your gurus via chatrooms 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 trader who is famously known for his efforts in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. The trading of penny stocks is an avenue for small-scale businesses to make the transition to a market that is larger as it gives them access to money from the public. But don’t make the mistake of thinking that it can also be a high-risk game, which Sykes can surely tell thanks to his years of expertise.
From his beginnings in his late years in high school, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as a trader. At the age of 25 Sykes was given greater exposure and a larger reach of influence when he was a part of the reality series “Wall Street Warriors.” Then, he made use of the show to establish trading rooms as well as penny stock themes as well as educational content targeted at people who are brand new to the trading field. He also helped establish Profit.ly as a place of openness, and to allow the community to rise and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the wide range of educational resources, trade alerts, and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to the experts in trading who have made significant amounts of profit from their combined years of experience. Profitly Below The Line
At its height, Profit.ly had housed up to five gurus, all of them a pro in their niche in the field of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, there are only two gurus who remain on this platform: 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 look at the packages each guru offers.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services with the main priority being penny stock day trading through Tim’s Alerts. The cost is $74.95 per month, you’ll see him focus on the basic stock catalysts and employ them to predict 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 application that is available on iOS as well as Android devices, as well as 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. Priced at $149.95 for a month it is the perfect plan for those who are invested in the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, which includes alerts for swing trading and access to an extensive library of more than 7,000 instructional videos that are updated weekly.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for 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 all-time trading earnings. Profitly Below The Line
The Superman Alerts package is his package of vital features and alerts on trading geared towards those who might be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist and the mobile application, daily market commentary in real time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, plus access to a knowledgeable base that is provided by Superman himself, via Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. On top of that you’ll also gain the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Plans and Costs
If you’re ready to join the online trading community and leave your mark on the market, Profit.ly has the right amount of resources to get you up and running. Profit.ly offers three membership levels that are designed to accommodate traders of different levels. Let’s break down what these three tiers are and how much they’ll cost you.
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 world. Once you have signed up for this package, you will be immediately given a slew of robust and vital trading tools, all one of them essential in keeping your fingers on what we could call a ruthless process by itself.
The list of features you can do using Profit.ly’s Novice package is the capability to check trades and track profits as well as leading, following and even texting your fellow traders, as well as giving feedback on the trades of today. It also allows you to be on leaderboards, analyze your trades, sort and filter your trades and lastly, look at other’s stats.
The Novice plan will cost $29.95 per month. While it may look attractive simply because of the price, there is a downside. It isn’t possible to create a private profile, thus making your activities publicly available. If you’re interested in get access to this feature, you should keep an eye on us as we present to you Profit.ly’s new plan.
The Trader plan allows you to use many of the features of The Novice package. This plan allows that you can create an individual profile that allows you to share with fellow associates all your insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to develop their trading skills. Although it’s a nice thing however, there’s a crucial aspect that’s not included. In contrast to the Novice package, you will not be able view the statistics of other traders that might be a drawback for some who may be eager to try this new tier. Profitly Below The Line
This is by far the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 monthly, and an additional 22% discount when billed annually, this tier has everything. You get full, no-holds-barred access to all the features of the prior plans.
Not only do you get to see other users’ stats, but you’re also given the opportunity to create an individual profile. Both of these features, plus the other benefits that you can use to the maximum extent. If you’re in search of an account that will give you with everything you require as an experienced trader, the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly offers a number of more services it has to offer. One of them is the online store, which allows users to select from a variety of videos designed to inform and help you understand the nuances and pitfalls of trading. The products listed on this page of the site can be immediately purchased for personal use. Some of these include bestsellers such as”Trading Tickers,” the “Trading Tickers” series by trader expert Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content about penny stocking, short stocking, and other things trading-related, clips and scenes taken from the Annual Pennystocking Conference, and other products by expert traders.
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The integrated chat rooms are included in Profit.ly’s variety of services and features. You’re probably familiar with the chat room as you can see it across social and messaging platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a place where gurus and their members can interact and learn in real time. Every guru has their own style in running their chat rooms and in dealing with the members. Some may be a laid-back person who is rarely active, while another may be more active and in touch to their pupils. Think of the chat rooms like Profit.ly’s version of the forum in essence.
Who is the best trader to Profit.ly?
Profit.ly’s wide range of products and features are geared towards an array of stock traders, from novices to the most experienced. Considering the number of offers it has to offer it is certain to have something for everyone.
Newbies, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. They will also be provided with videos every week and chat room advice from its in-house gurus and members. They’ll also be able to choose from the items from its online store to carry with them wherever they may be. Additionally, they can gain practical experiences by trading through the platform, but eventually, they will soon learn that this is a high-stakes game that should not be viewed as an amusing pastime.
For those traders who have had decades of experience in the road, we consider Profit.ly equally suitable to those who are just starting. While novice traders may not be as proficient in managing trading but the experts already know the way it functions and the stack full of risks associated with it. In the ideal scenario, they can use Profit.ly’s range of features to their best advantage to improve their trading skills. As beginners, they are able to learn from the experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices and semi-experienced traders. Certified experts can also take part in the excitement! Those in the trading industry who are at the same level as Superman as well as Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to help navigate them through the ever-changing trading process. Profitly Below The Line
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 tons of learning, communication, and trading tools
- You will be taught by experts and tips from the in-house gurus, including video libraries that teach you how to learn and trading in real-time.
- You’re assured of transparency throughout Profit.ly by using accurate data as well as fellow traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its main features, Profit.ly also gives its users extra options to suit their needs, like posting trades that are not authentic by taking images
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There’s something for everyone
- Profit.ly’s bountiful stream of products and packages offered might seem overwhelming for the majority of its users
- If traders decide to make any type of trade, there is a possibility that some of them may take advantage by cherry-picking the best trades to increase the rating This could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds, as its premium users will immediately benefit from the many services that the platform can provide
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The Final Verdict: Is Profit.ly Worth It?
If we could think of the answer, it’s a ‘yes’. However, you must realize that the platform should not be used as a scheme to get rich quick. It wasn’t meant to be designed in this way. Instead, you should have the ability to think with an open heart. Profitly Below The Line
What we mean by ‘yes’ is that it can be a great learning tool. People who are stuck may be able to find Profit.ly’s variety of resources useful when they try their best to incur lesser loss and perform better than before. It’s not only the struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly care about being more successful in trading and would like to be taught by your mentors and peers throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Profitly Below The Line
How do you use Profit.ly to publish your trades?
Profit.ly has an entry section for trades within the ‘My Trade category on the dashboard that allows you to post your trades, verifiable or not. You may choose between three options:
- Connecting your account to your broker of choice and import trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your trades
What can I do to determine whether the trade can be verified or not?
If you buy your trade from a reputable brokerage, there’s the chance that it is verifiable. This is evident by the blue check mark. If you post the information manually or via images, it will be assigned as unverified.
The disadvantage of an unauthentic trade is the possibility of receiving negative feedback from friends and colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, where users can see who’s dishonest in posting trades.
Is 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 version of the app is compatible with most working smartphones and tablets.
How many people are currently using 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 grow and learn more about acquiring opportunities on the stock market both right and left.