The stock market can be an exciting game with high stakes. Some days, you might be reaping the benefits of positive and satisfactory numbers. However, on other days, the opposite may happen and it could be extremely difficult to get back to where you were your peak. If you find yourself constantly stuck in the gutter You will need to realize that relying on pure instinct and preservation might not be enough.
If you’ve suffered losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need an enormous boost from your trading partners from all over the globe. That’s why we’ve discovered an online platform that will help you in your growth in the industry. This review will be taking an in-depth look at Profit.ly is a well-known 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Profitly Besides Cash Balance
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 various levels to be informative, transparent, accountable, and encouraging each other through its broad array of tools and features including chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for people who are just beginning their journey as well as a place for experienced traders to track their performance with the help of advanced analytics tools. Offering users a broad range of resources for trade and communication and letting traders from all walks of life connect with each other. It also allows gurus to make worthy investments within the boundaries that the site. Imagine it as an online social media platform similar like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and posts all the data from them in the style of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that 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 expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes said that Profit.ly was driven by its focus “on showing every trade, something that was never previously done.” This idea Sykes said served two goals: 1.) making public records for not just the gurus and students and newsletter writers as well as) making it possible for anyone on the platform to learn from both losses and wins to the benefit of the trading industry. Profitly Besides Cash Balance
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of features and services aimed towards achieving the success of their business. You can create an account there at no cost, however you’re limited to the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time You’ll need to subscribe to any of Profit.ly’s offerings, which we will discuss in the near future.
Setting up an account is easy: create an account that includes your personal information and knowledge, then connect your brokerage account, and you’ll have the chance to climb your way up to at the very top of the list. Profit.ly’s Leaderboard function, which was mentioned previously was designed to offer its users a glimpse of their performance as a trading group as well as its experts. You’re not just allowed to demonstrate your worth to a large group of traders, but you can also utilize Profit.ly to shop with a guru, and have the confidence that you are confident of their knowledge and the legitimacy of their assertions.
If you feel uneasy with the concept of leaking the details of your broker account you may choose to publish your trades, verified or not, by taking screenshots. Also included in Profit.ly are a variety of courses in trading as well as the ability to look at statistics on a person’s profile and other methods to interact with your experts in the chatroom, along with 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 trading guru who has been famously known for his efforts 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. Penny stock trading is an avenue for small businesses to transition to a large marketplace as they can access funds from the public. However, don’t get it wrong – it can also be a high-risk game, which Sykes will be able to tell you because of his decades of experience.
Beginning at the end of his time in the high schools, Tim Sykes has, since then, made over $6 million of profits through his lengthy career as trading professional. At 25 years old, he had been given more exposure and a wider influence over time when he became part of the reality series “Wall Street Warriors.” He took advantage of it to create 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 for openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the wide range of learning resources, trade alerts, and other helpful stuff provided by the in-house experts of the platform. Gurus are referred to the trading experts who have earned substantial amounts of money from their collective years of experience. Profitly Besides Cash Balance
At its height, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing there are only two gurus who remain on the platform: the founder as well as 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 can 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. Costing $74.95 monthly, you’ll see him focus on the fundamental stock catalysts and use them to predict the next moves that could occur when making trades.
A standalone purchase in Tim’s Alerts will get you access to the chatroom as well as the mobile app available to iOS as well as Android devices; texts, emails, and push alerts; and a daily stock watchlist.
Tim Sykes: 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, it is the perfect plan for those who are more committed to investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in the previous plan, including swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos, with new ones released each week.
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The following video is from “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Profitly Besides Cash Balance
The Superman Alerts plan is an offer of the most essential features and alerts on trading geared towards those who might be interested. For $147 per month, you’ll gain access to the daily premarket stock watchlist and the mobile app, daily market commentary shown in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to a knowledgeable base provided by Superman himself through the Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of the previous ones. Additionally, you’ll also get an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and make a mark on the market, Profit.ly has the right amount of resources to help you going. The platform offers three membership levels that cater to traders at different levels. Let’s take a look at what these three tiers are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are new to the trading community. Once you have signed up for this package you’ll be provided with a variety of powerful and indispensable trading tools, each of them integral in keeping your fingers on what we call a competitive process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the ability to verify 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 or filter the trades you make; and lastly, look at other’s stats.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing simply because of the price but there’s a disadvantage. You aren’t able to create a personal profile, which makes your personal information public. If you’re interested in gain an account with this option, you should stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader plan allows users to benefit from a majority of features from the Novice plan. It is in this plan that you can create an account that is private to share with other associate users all your knowledge and information you have gained from the trading community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to harness their expertise in trading. While it’s nice however, there’s a crucial feature that is missing. Unlike the previous Novice package, you will not be able to view other traders’ stats this could be a disadvantage for those who are anticipating this level. Profitly Besides Cash Balance
Pro Plan
The Pro plan is the highest premium package that Profit.ly offers to experienced traders. It costs $74.95 per month, and 22% off when billed annually This plan offers it all. It gives you full, unlimited access to all options of the prior plans.
Not only do you get to see other users’ stats as well, you’re also offered the chance to create your own private profile. These two features are in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give you everything you need as trader with experience, the Pro tier could be for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly offers a number of additional services that it can provide. One of those is its online store, which allows users to select from a variety of videos that are designed to educate and help you understand the ins and outs of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content related to penny stocking, short stocking, and other things trading-related, clips and scenes of events like 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 array of services and features. You are probably familiar with the chat room as you will see it on social and messaging platforms and also on a few specialty websites that provide live chat support. But in Profit.ly, it is seen as a real-time area where experts and members can interact and learn in real time. Every guru has their own way in operating their chat room and dealing with the listed members. One of them may be a laid-back person who is not very often active, while another may be more online and communicative in their interactions with students. Think of the chatrooms as Profit.ly’s version of a forum, in its essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to the wide range of stock traders, ranging from novices to the most experienced. Given the wide range of options it can provide, the platform surely has something for everyone.
For instance, newbies will enjoy Profit.ly’s collection of educational materials available across the platform. They will also get daily videos and chat room tips from its in-house gurus as well as their members. They’ll also be able select from the products on its store online to carry with them wherever they may travel. Additionally, they can gain practical experience trading on the platform, but eventually, they will soon learn that the process is a high-stakes game that shouldn’t be taken as an amusing pastime.
For those traders who have had years of exposure down the road, we consider Profit.ly as equally as suitable for them as it is for people who are just beginning. Although the novices might not be as well-equipped with dealing with trading issues but the experts already know how it works along with the stack full of risks associated with it. It is ideal to utilize Profit.ly’s variety of features to their full advantage to enhance their skills in trading. Like novices, they can learn from the experts and experts and utilize those short tips and tricks throughout the process.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies or semi-experienced trader. Certified experts can also take part in the enjoyment! People in the trade industry who are at similar levels to Superman and Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to display their skills to others in order to assist them in the ever-changing trading process. Profitly Besides Cash Balance
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ platform for trading stocks allows it to provide traders everywhere with tons of learning, communication, and trading tools
- You’ll be taught by experts and tips from the in-house gurus, including libraries of educational videos and trading in real-time.
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders who are ready to reach you when something goes wrong.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and verifiable trader
- Apart from its core features, Profit.ly also gives its customers extra options that can be tailored to their needs, like posting unverifiable trades through images
- Profit.ly’s variety of subscription levels and guru packages are priced at reasonable prices There is truly something for every person
The Cons
- Profit.ly’s bountiful stream of products and packages offered might not be enough for the majority of its users
- If traders decide to open any kind of trade, there is the possibility that some of them could profit from selecting the best trades in order to improve their ratings This could be a problem that shouldn’t be overlooked.
- Profit.ly will not allow refunds as the premium customers are expected to instantly benefit from the number of services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we were able to come up with the answer, it would be yes. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always designed to be used for this reason. Instead, you should have the ability to think with an open heart. Profitly Besides Cash Balance
What we are referring to”yes” is that it could be a useful learning tool. People who are stuck might be able to find Profit.ly’s range of resources useful in their efforts to avoid loss and perform better than before. Not only poor traders that can profit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly desire to be better at trading and wish to be taught by your peers and experts throughout the process, then look no further – Profit.ly may be a great option to begin.
FAQ Profitly Besides Cash Balance
What are the best ways to use Profit.ly to post your trades?
Profit.ly offers an entry section for trades within the My Trade category on the dashboard which allows you to post your trades, either verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and importing the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Take a photo of your trades
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there is an excellent probability that it’s verifiable. This is evident by the blue check mark. If you submit the information manually or via screenshots, it will automatically be classified as unverified.
The disadvantage of an unverified trade is the possibility of receiving downvotes from colleagues. If you receive too many negative votes, it could result in you appearing in the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still in use?
As of the moment, Profit.ly is still available to download from the App Store for Apple and the Google Play store. The mobile version of the app is compatible with most operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, because they are not just looking to earn maximum profits but also to help one another grow and learn more about acquiring opportunities in the stock market all over the world.
