Stock trading is an exciting game with high stakes. On some days, you could enjoy the benefits of positive and satisfactory numbers. On other days, however you may experience the opposite and it can be very difficult to get back to the point you were at your most productive. If you find yourself immersed in the water, you will have be aware that relying solely on pure instinct and preservation might not be enough.
If you’ve experienced occasional losses, you’re gonna be needing sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the globe, which is why we’ve identified a platform that can support you in your growth in the industry. In this review, we’ll take the time to 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 Beyond The Balance
The User’s Experience 4.5/5
Profit.ly is an online trading platform that permits traders of various levels to be informative, transparent, accountable, and uplifting with each other through its broad range of features and tools such as trade verification, chat rooms, and an enriched library of educational content.
How do I define Profit.ly?
Profit.ly is a site for trading that functions as a learning and education platform for traders who are just beginning their journey and as a hub for experienced traders to track their performance using the aid of cutting-edge analytics tools. Offering users a broad array of options to facilitate trade and communication and letting traders from all walks of life network with each other. It gives the gurus worthy investments within the boundaries of the platform. 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 validates trade performance and publishes all data from them in the form of leaderboards. The platform for trading is built on honesty and transparency: it guarantees that the transactions are legitimate and will not tolerate inauthenticity as much as is humanly possible. It was established many years ago by penny expert in stock trading and investment guru Timothy Sykes, along with the other expert Michael Mosseri.
One time , during an interview for Forbes magazine Sykes stated that Profit.ly was motivated by its focus “on the transparency of every trade, something that has never been previously done.” The concept was, he said, serving two goals: 1.) making public records for everyone, not just the experts and students and newsletter writers and secondly) making it possible for all users to gain insight into both the wins and losses to the benefit of the trading industry. Profitly Beyond The Balance
How Does It Perform?
Profit.ly follows a subscription-based model which allows stock traders to benefit from a variety of features and services aimed towards achieving success. It is possible to create an account on the site at no cost, however you’re only given the ability to navigate through the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money in order to find out which stocks the gurus are trading in real-time it is necessary to subscribe to any of Profit.ly’s offerings, which we will review in the coming days.
The process of opening an account is simple: Create a profile with your experiences and knowledge, then connect your brokerage account, and you’ll be given a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users an insight into the performance of the trading community as well as its experts. It’s not just a way to demonstrate that you’re worthy to the community of traders, as you can also utilize Profit.ly to buy with a professional with the assurance that you’re comfortable with their expertise and the veracity of their assertions.
If you’re not comfortable with the concept of leaking information about your account with a brokerage, you can opt to post your trades, verified or not, via photographs. Also included in Profit.ly are a variety of trading classes, the ability to view stats in a trader’s profile, and more ways to interact with your experts via chatrooms in addition to 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 his efforts in penny stock trading. According to Investopedia Penny stock is a small business’s stock that trades for less than $5 per share. The penny stock market can be seen as an opportunity for small-scale businesses to make the transition to a large marketplace as it gives them access to funds from the public. However, don’t get it wrong – it’s also an extremely risky game, as Sykes is sure to reveal thanks to his years of expertise.
From his beginnings at the end of his time in the high schools, Tim Sykes has, since then, earned more than $6 million in profits during his long and successful career as trader. At 25 years old, he had been given more exposure and a wider influence over time when he was a part of the reality show “Wall Street Warriors.” He used the opportunity to develop trading rooms as well as penny stock themes and educational material aimed at those who are new to trading. He also helped to establish Profit.ly as a platform for transparency and for the community to uplift and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have made substantial amounts of money from their combined years of expertise. Profitly Beyond The Balance
At its peak, 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 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 this platform: Founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. With that taken into consideration we’ll take a look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers an essential stock trading service which focuses on penny-stock day trading via Tim’s Alerts. The cost is $74.95 per month, you’ll be able to observe him focus on basic stock catalysts and employ them to anticipate the next moves that could occur when making trades.
A single purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile app available for iOS and 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. At $149.95 for a month this is an ideal plan for those who are invested in penny stock trading. Pennystocking Silver includes all the basic features that were included in earlier plans such as swing trading alerts and unlimited access to a rich library of more than 7,000 instructional videos, with new ones released every week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the alias “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Since when he first started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly Beyond The Balance
The Superman Alerts plan is his offering of essential features and alerts on trading geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day premarket stock watchlist along with the mobile app, daily market commentary 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 that is provided by Superman himself through his Superman Pro package. On top of the essentials featured in the Alerts package, Superman Pro gives you weekly video lessons, including the growing collection of other previous ones. On top of that you’ll also have the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly plans and costs
If you’re ready to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to help you going. The platform offers three membership tiers, each designed for traders of different levels. Let’s break down what these three tiers are and how much they will cost you.
The package called Novice is Profit.ly’s basic plan that is designed specifically for people who are brand new to the trading world. When you sign up for this plan you’ll be given a slew of robust and vital trading tools, each of them integral in keeping your hands on what we could call a ruthless process in and of itself.
The list of features you can do using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit as well as leading, following and even texting your fellow traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, as well as filter trades and, finally, see other people’s statistics.
The Novice plan is $29.95 per monthly payment. Although it looks attractive for the price alone but there’s a disadvantage. You can’t create a private profile, which makes your personal information public. If you do want to get the benefit of this service, you should be watching for us to introduce to you Profit.ly’s new plan.
The Trader plan allows you to take advantage of a majority of features from The Novice package. It is in this plan that you can create an account that is private to share with fellow associates all your insights and information you have gained from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to improve their skills in trading. While it’s nice however, there’s a crucial aspect that’s not included. Unlike the previous Novice package, you won’t be able to see other traders’ stats this could be a disadvantage for those who are looking forward to this tier. Profitly Beyond The Balance
The Professional plan can be described as the most luxurious package Profit.ly offers to experienced traders. At $74.95 each month which includes a 22% discount when billed annually, this tier has everything. It gives you full, unlimited access to all features from the two previous plans combined.
You’re not only able to view other people’s stats as well, you’re also offered the chance to create a private profile. These two features are in addition to the advantages that you can utilize to the fullest potential. If you’re in search of a plan that can serve you everything you need as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the training tools and the leaderboards, Profit.ly provides a variety of other services they provide. One of those is its online store, which lets users choose from a wide array of videos designed to inform and guide you through the ins and outs of trading. All of the products featured in this section of the website is available to be purchased immediately for personal use. These include best-selling products such as”Trading Tickers, “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other things trading-related, clips and clips taken from the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You may be familiar with the chat room as you can see it across social and messaging platforms, as well as some specialty websites that provide live chat support. However, in Profit.ly it’s seen as a hands-on space where experts and their members can interact and share knowledge in real-time. Each guru has their style in running their chat rooms and dealing with the listed members. Some may be a laid-back person who is less active, while another may be more online and communicative with their students. Consider chat rooms as Profit.ly’s version of the forum, in the essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to a large variety of stock traders, ranging from beginners to experienced pros. Considering the number of offers it has to offer it is certain to have something for every person.
Beginners, for instance, will enjoy Profit.ly’s knowledge-based information available on 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 choose from the items on its store online that they can take with them wherever they go. Additionally, they can gain practical experiences from trading within the platform, but eventually they’ll realize that the process is a high stakes game that shouldn’t be taken as an opportunity to make fun of.
For the traders with years of exposure down the line, we believe Profit.ly equally suitable to people who are just beginning. While the newbies may not be as proficient in handling trading matters but the experts already know how it works and the stack full of risks that it carries. In the ideal scenario, they can use Profit.ly’s variety of options to their maximum advantage to enhance their trading skills. Like novices, they can study from the gurus and experts , and use those simple tips and hints to help them along.
Profit.ly’s “all-in” approach does not only apply to beginners as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Trade professionals who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their skill to others as a way to help guide them through the ever-illustrious trading process. Profitly Beyond The Balance
Profit.ly’s Pros and Pros and
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform allows it to provide traders everywhere with an abundance of knowledge tools, communication, and trading tools
- You’ll be taught by experts and tips from the internal experts, which include libraries of educational videos and live trading activity.
- You’re guaranteed transparency throughout Profit.ly with accurate analytics as well as other traders ready to call you out whenever something happens
- The platform’s leaderboard feature gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- Apart from its core features, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unauthentic trades via images
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates There’s something for everyone
- Profit.ly’s abundance of packages and products offered may not be enough for most of its customers
- Since traders can choose to open any kind of trade, there’s the possibility that some of them will profit by cherry-picking the best trades to improve their ratings – this may be a concern that should not be overlooked.
- Profit.ly does not offer refunds because its premium users are expected to immediately take advantage of the numerous services that the platform can offer
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The Final Concluding Question is: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s yes. But you need to understand that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always intended to be created for this reason. Instead, you should have curiosity. Profitly Beyond The Balance
What we are referring to”yes” is it could be a useful learning tool. People who are stuck may be able to find Profit.ly’s range of resources to be helpful in their efforts to reduce losses and perform better than they did before. Not only struggling traders who will profit from the platform. It will be able to accommodate beginners as well as even experts!
So, if you genuinely want to become better at trading and wish to be taught by your peers and experts along the way, then you should look no further than Profit.ly. Profit.ly is a fantastic alternative to start.
FAQ Profitly Beyond The Balance
How can you make use of Profit.ly to post your trades?
Profit.ly has a trade entry portion within the ‘My Trade category on the dashboard that lets you record your trades that are verified or not. There are three options:
- Linking your account with your broker of choice and import the trades from that directly
- Manually inputting your trades with provided spaces and specifics
- Upload a screenshot of your transactions
How can I tell whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there is the likelihood that it can be verified. This is indicated with the small blue check. If you post it in a manual way or by taking pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the possibility of receiving negative feedback from friends and colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where people can detect who’s being fraudulent in posting trades.
Is the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available for download on the Apple App Store as well as in the Google Play store. The mobile version of the app is compatible with the majority of operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, as they not only are seeking to make the most profit but also assist each other to grow and learn more about acquiring opportunities in the stock market both right and left.