Stock trading is a high-stakes game. Some days, you may enjoy the benefits of positive and satisfying numbers. However, on other days, the opposite may happen and it can be extremely difficult to get back to where you were at your peak. If you are constantly stuck in the gutter, you will have to recognize that relying on instinct and survival may not always be enough.
If you’ve suffered loss from time to time and you’re likely to require sound advice from tried-and-tested trading experts. Also, you’ll need an important boost from colleagues in the market from all over the world, which is why we’ve identified an option that can help you in your improvement in the industry. This review will be taking a 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 Between Two Companies
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
User Experience: 4.5/5
Summary
Profit.ly offers an internet-based trading service that enables traders of all levels to be knowledgeable, transparent, accountable, and encouraging each other through its broad variety of tools and features like trade verification, chat rooms and a rich library of educational material.
What exactly is Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for traders new to trading and also as a platform for experienced traders to track their performance with the help of advanced analytics tools. Providing users with a wide array of options for trade and communication, it helps traders from all walks of life network with each other. It gives the gurus worthy investments within the boundaries that the site. Imagine it as an online social media platform similar to Facebook and Reddit, but for professionals and traders.
Profit.ly independently validates trade performance and publishes all data from them in the style of leaderboards. The platform for trading is built on honesty and transparency: it makes sure that trades are authentic and won’t tolerate inauthenticity as much as 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 based “on the transparency of all trades, something that was never prior to.” This idea was, he said, serving two goals: 1.) keeping track of public data for not just the gurus and newsletter authors and students as well as) allowing all users to learn from the losses and wins for the trading industry’s benefit. Profitly Between Two Companies
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to benefit from a variety of tools and services that are geared towards achieving the success of their business. You may set up an account there for free, but you’re only limited to having the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money to see which stocks the gurus are trading in real-time it is necessary to join one of Profit.ly’s offerings that we’ll go over shortly.
The process of opening an account is simple: Create an account that includes your personal information and skills, join to your brokerage account, and you have yourself the chance to climb through the top of the leaderboard. Profit.ly’s leaders’ board feature as mentioned previously it is designed to provide its users a look at their performance as a trading group and its experts. It’s not only a chance to prove your worth to a group of traders, but you can also utilize Profit.ly to shop with a guru, and have the assurance that you’re comfortable in their skills and the credibility of their claims.
If you’re not comfortable with the idea of sharing information about your account with a brokerage, you may choose to publish your trades, either verified or not, via photographs. In Profit.ly is the huge selection of courses in trading, the ability to view the stats of a trader’s account and other methods to connect 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 trading guru who is famously known for delving his hands into the penny-stock market. According to Investopedia, a penny stock is a small business’s shares that trade for under $5 for each share. The trading of penny stocks is an opportunity for small businesses to transition to a market that is larger as it allows them to access capital from the general public. However, don’t get it wrong – it’s also a high-risk game, which Sykes will be able to tell you thanks to his years of expertise.
From his beginnings in his late years in the high schools, Tim Sykes has, since then, made over $6 million of profit during his long and successful career as trader. At the age of 25, he had been given more exposure and a wider influence over time when he became part of the reality show “Wall Street Warriors.” He took advantage of it to create trading rooms as well as penny stock themes and educational material aimed at those who are new to trading. He also played a role in establishing Profit.ly as a platform for transparency, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational sources, trade alerts and other useful stuff offered by the company’s internal gurus. These gurus refer to experts in the field of trading who have made substantial profits from their collective years of experience. Profitly Between Two Companies
At its height, Profit.ly had housed up to five gurus, each of them a professional in their field of expertise within the world of trading. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. As of this writing, however, only two gurus remain on this platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration, let’s take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 per month, 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 standalone purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS and Android devices, text, e-mail and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 monthly, it is the perfect plan for those who are more invested in investing in penny stocks. Pennystocking Silver includes all the basic features that were included in the previous plan, such as swing trading alerts as well as unlimited access to a library of over 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in total trading earnings. Profitly Between Two Companies
The Superman Alerts package is his offering of essential features and alerts on trading geared towards those who might be interested. For just $147 per month, you’ll have access to the daily stock watchlist that is premarket and the mobile app, the daily market commentary in real time, and SMS and e-mail alerts.
From “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 his Superman Pro package. On top of the essentials that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all other previous ones. In addition, you’ll also get the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re eager to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to get you up and running. The platform has three membership levels that cater to traders at different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s basic plan that is designed specifically for those who are just beginning their journey to the trading community. Once you have signed up for this plan, you will be immediately offered a range of strong and indispensable trading tools, all of them integral in keeping your fingers on what call a competitive process by itself.
Among the list of things you can accomplish with Profit.ly’s Novice package include the capability to check trades and track profits and follow-up, leading and even chatting with your fellow traders; and providing feedback on trades today. You’re also allowed to get onto leaderboards; study your trades, sort and filter your trades and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing just by the price, there is a downside. You can’t create a private profile, which makes your personal information public. If you’re interested in have an account with this option, you should keep an eye on us as we present to you Profit.ly’s next strategy.
Trader Plan
The Trader package lets you to use a majority of features from The Novice package. This plan allows that you are able to create an account that is private to share with fellow associate users all your knowledge and knowledge you gain from the trading community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to develop their trading skills. As nice as it seems however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you will not be able view other traders’ statistics, which could be a problem for some who may be anticipating this level. Profitly Between Two Companies
Pro Plan
The Professional plan can be described as the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 each month with an additional 22% discount for billing annually This plan offers it all. It gives you full, unlimited access to all the features of the prior plans.
In addition, you’ll be able to view other people’s stats, but you’re also given the chance to create a private profile. Both of these options, plus the other benefits that you can use to the maximum extent. If you’re in search of an option that gives you with everything you require as trader with experience, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly has a few other services they offer. One of these is its online store, where customers can pick from a range of videos designed to inform and provide guidance on the nuances and pitfalls of trading. The products listed on this page of the site can be immediately purchased for personal use. These include best-selling products such as”Trading Tickers,” the “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, as well as all related to trading, videos and scenes 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 array of services and features. You’re probably familiar with the concept of the chat room as you can see it across social and messaging platforms, in addition to a few special websites that offer live chat support. But on Profit.ly it’s seen as a real-time place where gurus and their members can interact and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the listed members there. Some may be more laid back and rarely active, while another might be more interactive and online to their pupils. Think of chat rooms as 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 cater to a large variety of stock traders, from beginners to experienced pros. With the variety of deals it offers 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. In addition, they will be provided with videos every week and chat room tips by its internal gurus and members. They’ll also be able select from the products in its online store for them to take wherever they be. Additionally, they can gain practical experience trading on the platform, but ultimately they’ll be able to realize that the process is a high-stakes game that shouldn’t be taken as an opportunity to make fun of.
For those traders who have had many years of experience down the line, we see Profit.ly as equally as suitable to them as those who are just starting. While the newbies may not be as proficient in managing trading but the experts already know how it works along with the stack full of risks that come with it. In the ideal scenario, they can make use of Profit.ly’s variety of options to their maximum advantage to enhance their skills in trading. Like beginners, they can learn from the top experts as well as experts, and take advantage of quick tips and tidbits throughout the process.
Profit.ly’s ‘all-together’ nature isn’t limited to novices as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! People in the trade industry who are at the same level as Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skill to others as a way to help assist them in the ever-changing trading process. Profitly Between Two Companies
Profit.ly’s Pros and Cons
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 communications, trading, and communication tools
- You get to receive excellent training and advice from the company’s internal experts, which include collections of educational videos as well as trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data as well as other traders ready to call you when something goes wrong.
- The platform’s leaderboard feature gives you the opportunity to increase your reputation as a reliable and dependable trader
- Apart from its core abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through 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 abundance of products and packages offered might be too much for a lot of its customers
- If traders decide to open any kind of trade, there is a possibility that some of them could profit from selecting the best trades in order to increase the rating this could be a problem that shouldn’t be simply overlooked
- Profit.ly will not allow refunds because the premium customers are expected to immediately benefit from the many features the platform is able to offer
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The Final Verdict is: Is Profit.ly Worth It?
If we could think of an appropriate answer for this query, it would be an affirmative “yes”. But you need to understand that the platform should not be used as a scheme to get rich quick. It wasn’t intended to be created to achieve this goal. Instead, it is best to keep an open mind. Profitly Between Two Companies
What we are referring to”yes” is that it can be a great learning tool. For those who are struggling, they might be able to find Profit.ly’s variety of resources useful in their efforts to incur lesser loss and perform better than before. It’s not just the struggling traders who will benefit from this platform. It can accommodate beginners and even experts!
If you really desire to be more successful in trading and would like to be taught by your fellows and gurus throughout the process, then look no further – Profit.ly is a fantastic alternative to start.
FAQ Profitly Between Two Companies
How do you use Profit.ly to make your trades public?
Profit.ly offers a trade entry portion under the “My Trade’ category of the dashboard which lets you post your trades that are verified or not. There are three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades using specified spaces and information.
- Send a screen shot of your trades
What can I do to determine if the trade is verifiable or not?
If you purchase your trade from a reputable brokerage, there’s the chance that it is verifiable. This is shown by the blue check mark. If you submit it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving negative feedback from friends and colleagues. If you receive too many negative votes, it could result in you appearing on the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available for download on the App Store for Apple and on the Google Play store. The mobile app version is compatible with most operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, since they’re not just looking to earn maximum profits but also assist each other to learn and improve in acquiring stock market opportunities all over the world.
