Stock trading can be an exciting game with high stakes. On certain days, you may have the benefit of pleasing and positive numbers. On other days, however, the opposite may happen and it could be extremely difficult to get back to the point you were at your peak. If you’re constantly stuck in the gutter You will need to realize that relying on instinct and survival is not always enough.
If you’ve experienced loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Additionally, you’ll require an important boost from trading partners from all over the world, which is why we’ve discovered an online platform that will help you in your improvement within the field. This review will be taking the time to look at Profit.ly, a well-recognized 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.
Total Rating: 4.1/5 Profitly Beyond The Market
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of different levels to be informed, transparent, accountable, and uplifting with each other through its broad array of tools and features like trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading website which serves as a learning and education platform for those who are starting out as well as a place for traders who are experienced to monitor their performance through the use of sophisticated analytics tools. It provides users with a vast range of resources for trade and communication that help traders from every field of business connect with one another. It gives the gurus worthy investments within the boundaries of this platform. Think of it as the social media equivalent the likes of Facebook and Reddit however it is geared towards experts and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the form of leaderboards. The platform’s trading model is based on transparency and honesty: it ensures that the trades are authentic and won’t accept fake news as long as possible. It was founded in the past by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
In an interview for Forbes magazine Sykes declared that Profit.ly was based “on showing the entire spectrum of trades, something which was never prior to.” The idea was, he said, serving two purposes: 1) keeping track of public data for all traders, not just the gurus as well as newsletter writers and students, and 2) 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 Market
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to have access to a range of features and services aimed toward success. You may set up an account there at no cost, however you’re limited to access to the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time, you will need to sign up to one of Profit.ly’s offers that we’ll 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 have a chance to shoot your way up to the top of the leaderboard. Profit.ly’s leaderboard feature, as mentioned previously was designed to offer its users an insight into their performance as a trading group and its experts. You’re not just allowed to demonstrate your worth to a group of traders, as you can also utilize Profit.ly to purchase with a guru, and have the assurance that you’re comfortable with their expertise and the legitimacy of their assertions.
If you are unsure about the concept of leaking information about your account with a brokerage, you can opt to post your trades, whether verified or not, via pictures. Also included in Profit.ly is the huge selection of trading classes and the capability to see the stats of a trader’s account as well as other 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 well-known for his involvement in penny stock trading. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for just less than 5 cents per share. The penny stock market could be viewed as an opportunity for small businesses to transition into a larger market because they can access money from the general public. However, don’t get it wrong – it can also be an extremely risky activity, as Sykes can surely tell thanks to his years of experience.
Since his initial beginnings in the latter years of the high schools, Tim Sykes has, since then, made over $6 million of profits throughout his illustrious career as trader. When he was 25 years old, he had been given more exposure and a wider impact as a participant in the reality TV show “Wall Street Warriors.” Then, he used the opportunity to establish trading rooms as well as penny stock themes and educational content geared toward those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a platform for openness, and for the community to lift each other up and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of education sources, 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 significant amounts of profit from their collective years of expertise. Profitly Beyond The Market
At its peak, Profit.ly had housed up to five gurus, all of them a professional in their niche 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 however, only two gurus remain on the 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 look at the packages each guru has to offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes offers basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 per month, you will be able to see him concentrate on the basic stock catalysts and employ them to forecast the next move that is possible when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS as well as Android devices, email, text and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium, upgraded version of the Tim’s Alerts package. It costs $149.95 monthly, it is an ideal plan for investors who are invested in the penny-stock market. Pennystocking Silver includes all the basic features found in the previous plan, including alerts for swing trading and access to a collection of more than 7,000 educational videos that are updated weekly.
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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 tiny-cap massive stocks as well as wildly accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Profitly Beyond The Market
The Superman Alerts plan is an offer of the most essential features and trading alerts geared towards those who might be interested. For $147 per month, you’ll gain access to the daily stock watchlist that is premarket and the mobile application, daily market commentary shown in real-time, as well as E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features and access to a knowledgeable base that is provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include the growing collection of previous lessons. On top of that, you’ll also get the ability to access premium reports on research and the 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 market, Profit.ly has the right amount of resources to get you started. Profit.ly offers three membership levels that cater to traders at different levels. Let’s take a look at what these three are and how much they’ll cost you.
Novice Plan
The Novice package is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the world of trading. As you sign up for this package you’ll be provided with a variety of powerful and indispensable trading tools, all of which is essential to keep your fingers on what can describe as a cutthroat process by itself.
Among the list of things you can do using Profit.ly’s Novice package is the capability to check trades and track profits; leading, following, and even messaging other traders; and providing feedback on trades today. It also allows you to be on leaderboards; analyze your trades, sort as well as filter trades; and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive for the price alone however, there’s a drawback. It isn’t possible to create a private profile, which makes your activities publicly available. If you’re looking to get the benefit of this service, stay tuned as we introduce to you Profit.ly’s next plan.
Trader Plan
The Trader plan allows you to use many of the features of the Novice plan. It is in this plan that you can create a private profile for sharing with fellow associates all your insights and knowledge you gain from trader’s community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to improve their skills in trading. As nice as it seems but there’s one important feature that is missing. In contrast to the Novice package, this one won’t be able to see other traders’ statistics that could be a problem for those anticipating this level. Profitly Beyond The Market
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly offers to experienced traders. With $74.95 per month, which includes 22% off 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 look at other people’s statistics as well, you’re also offered the opportunity to create a private profile. Both of these features, plus the other advantages that you can utilize to their fullest capacity. If you’re in search of an account that will give you everything you need as trader with experience, the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly has a few other services they offer. One of those is its online store, where customers can choose from a wide array of instructional videos that are created to provide guidance on the nuances and pitfalls of trading. The products listed on this page of the website can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series by trading expert Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content related to penny stocking, short stocking, as well as all aspects of trading. There are also clips and scenes of the Annual Pennystocking Conference, and products from other expert traders.
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The chat rooms that are integrated are included in Profit.ly’s array of features and services. You’re probably familiar with the concept of the chat room as you can find it throughout messaging and social platforms, and also on a few specialty websites that provide live chat assistance. But on Profit.ly, it is seen as a place where gurus and their members can interact and exchange knowledge in real-time. Every guru has their own way when it comes to running their chat room and dealing with the listed members. One might be laid back and rarely active, while another may be more active and in touch to their pupils. Consider chat rooms as Profit.ly’s version of a forum, in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock traders, ranging from novices to the most experienced. With the variety of deals it offers, the platform surely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s knowledge-based information available on the platform. They will also be enriched with weekly videos and chat room tips by its internal gurus and their members. They’ll also be able to pick from the merchandise available on its store online that they can take with them wherever they be. You can also get hands-on experiences by trading through the platform, however they’ll be able to realize that this is a high-stakes game that should not be viewed as an amusing pastime.
For those traders who have had years of exposure down the line, we see Profit.ly as equally as suitable to those who are just starting. Although the novices might not be as adept at managing trading but the experts already know the way it functions and the stack full of risks that come with it. Ideally, they may use Profit.ly’s range of features to their full advantage to develop their trading abilities. As beginners, they are able to learn from the top experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s “all-inclusive” nature isn’t limited to novices as well as semi-seasoned traders. Verified experts can also join in the enjoyment! People in the trade industry who are at similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their skills to others as a way to help navigate them through the ever-changing trading process. Profitly Beyond The Market
Profit.ly’s Pros and Pros and
The Pros
- 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 provided with excellent lessons and advice from the company’s inside experts, as well as video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as fellow traders that are waiting 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 authentic trader
- Apart from its core abilities, Profit.ly also gives its customers additional options to meet their preferences, such as posting unverifiable trades through images
- Profit.ly’s diverse range of packages and subscription levels are priced at reasonable prices – there truly is something for all
The Cons
- Profit.ly’s numerous packages and products offered may not be enough for the majority of its users
- If traders decide to post any kind of trade, there’s the possibility that some of them could profit from cherry-picking the best trades to boost their rating This could be a risk that shouldn’t be ignored.
- Profit.ly will not allow refunds because its premium users are expected to instantly take advantage of the numerous features the platform is able to offer
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could come up with an appropriate answer for this query, it would be a ‘yes’. But you need to understand that this platform shouldn’t be viewed as a scheme to get rich quick. The platform wasn’t originally meant to be designed for this reason. Instead, you need to have the ability to think with an open heart. Profitly Beyond The Market
What we mean”yes” is it is a fantastic learning tool. Those who may be stuck could find Profit.ly’s range of resources useful as they do their best to reduce loss and perform better than before. Not only struggling traders who will benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you truly desire to be better at trading and wish to be taught by your fellows and gurus throughout the process, then you should look no further than Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Profitly Beyond The Market
What are the best ways to use Profit.ly to publish your trades?
Profit.ly includes an entry section for trades under the “My Trade section of the dashboard which allows you to post your trades that are verified or not. You may choose between three choices:
- Linking your account to the 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
How do I know whether the trade is authentic or not?
If you purchase your trade from a reputable brokerage, there’s a high likelihood that it can be verified. This is evident by the small blue check. If you submit it manually or through images, it will be classified as unverified.
The disadvantage of an unauthentic trade is the risk of getting downvotes from your friends and colleagues. If you receive too many negative votes, it could cause you to be listed on the Madoff leaderboard, where people are able to identify who is untruthful in submitting 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 and in the Google Play store. The mobile version of the app is compatible with the majority of working smartphones and tablets.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders, since they’re not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of stock market opportunities both right and left.
