The stock market can be an extremely risky game. Some days, you might be reaping the benefits of pleasing and positive numbers. On other days it could be the reverse, and it may sometimes be extremely difficult to return to the point you were at your most productive. If you are constantly stuck in the gutter it is important to realize that relying on your instincts and preserving might not be enough.
If you’ve suffered occasional losses and you’re likely to require reliable advice from tested and tried trading experts. Additionally, you’ll require a significant boost from your fellow traders from around the globe. That’s why we’ve identified a platform that can support you in your improvement in the industry. We’ll be taking the time to 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 Blogs Watchlist
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 various levels to be informative and accountable, as well as transparent and encouraging each other by offering a wide array of tools and features including chat rooms, trade verification as well as an extensive library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and education platform for people who are starting out and as a hub for experienced traders to track their performance using the aid of sophisticated analytics tools. Providing users with a wide range of resources for trade and communication, it helps traders from all walks of life network with one another. It also allows gurus to make worthy investments within the boundaries of this platform. Think of it as an online social media platform similar to Facebook and Reddit however it is geared towards professionals and traders.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform for trading is built on trust and transparency. it makes sure that transactions are legitimate and will not tolerate inauthenticity as much as it is possible. It was founded many years ago by penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time , during an interview with Forbes magazine Sykes declared that Profit.ly was motivated by its focus “on showing every trade, something that was never prior to.” This idea was, he said, serving two purposes: 1) creating public track records for everyone, not just the experts as well as newsletter writers and students as well as) allowing anyone on the platform to learn from both losses and wins to the benefit of the trading industry. Profitly Blogs Watchlist
How Does It Work?
Profit.ly utilizes a subscription model that allows stock traders to benefit from a variety of services and features geared towards achieving achievement. You may set up an account for free, but you’re only given access to the leaderboards and monitor the actions of non-gurus. If you’re interested in investing your money in order to find out what stocks the experts are trading in real-time it is necessary to join one of Profit.ly’s offers that we’ll go over shortly.
Making an account easy: create a profile with your experiences and knowledge, then connect to your brokerage account, and you’ll be given an opportunity to make your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a glimpse of the performance of the trading community as well as its gurus. It’s not only a chance to prove value to a community of traders. You can also utilize Profit.ly to purchase from a guru with the assurance that you’re comfortable with their expertise and the legitimacy of their claims.
If you are unsure about the concept of leaking information about your account with a brokerage, then you could choose to publish your trades, verified or not, via photographs. Also included in Profit.ly are a variety of trading courses, the ability to view statistics on a person’s profile and other methods to interact with your experts in the chatroom, in addition to email and text alerts as well as updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small-sized company’s stock which trades at less than $5 per share. The penny stock market is an opportunity for small-scale businesses to make the transition into a larger market because they can access capital from the general public. But don’t be mistaken – it’s also a high-risk game, which Sykes will be able to tell you through his many years of expertise.
From his beginnings at the end of his time in high school, Tim Sykes has, since then, made more than $6 million in profit through his lengthy career as trader. When he was 25 years old Tim Sykes had received greater exposure and a larger influence over time as a participant in the reality TV show “Wall Street Warriors.” Then, he used the opportunity to create trading rooms as well as penny stock themes and educational material aimed at people who are brand new to trading. He also helped establish Profit.ly as a place for transparency and for the community to uplift and compete through the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of educational resources, trade alerts, and other helpful stuff provided by the platform’s in-house gurus. Gurus are referred to the trading experts who have proven to make substantial amounts of money from their collective years of knowledge. Profitly Blogs Watchlist
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche within the world of trading. Some of the prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing however, only two gurus 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 Let’s look at the packaged offers each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you’ll be able to observe him focus on fundamental stock catalysts and use them to anticipate the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available for iOS and Android devices; texts, emails and push alerts; as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the most premium version that has been upgraded of the Tim’s Alerts package. Priced at $149.95 monthly, it is an ideal plan for those who are involved in penny stock trading. Pennystocking Silver offers all the essential features of the previous plan, including swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos, with new ones released every week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by 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 when he first started trading, Superman has amassed over $5.5 million in trading earnings. Profitly Blogs Watchlist
The Superman Alerts package is his package of vital 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 as well as the mobile app, the daily market updates in real-time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features, as well as access to a knowledgeable base of information provided by Superman himself through Superman Pro. Superman Pro package. In addition to the basic features that are included in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of other previous ones. Additionally you’ll also have the ability to access premium reports on research and the IPO or earnings monitor.
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 tools to get you up and running. Profit.ly offers three membership tiers, each designed for traders at different levels. Let’s look at what the three tiers are and how much they will cost you.
Novice Plan
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 community. Once you have signed to this plan you’ll be offered a range of strong and indispensable trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat process by itself.
Among the list of things you can do using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit and follow-up, leading and even texting other traders; and giving feedback on the trades of today. You can also get onto leaderboards; study the results of your analysis, sort, or filter the trades you make and lastly, look at the statistics of other traders.
The Novice plan is $29.95 per monthly payment. While it may look attractive for the price alone, there is a downside. You aren’t able to create a personal profile, which makes your personal information public. If you’re interested in have the benefit of this service, be watching for us to introduce to you Profit.ly’s next strategy.
The Trader Plan
The Trader package lets users to benefit from many of the features of the novice plan. It is in this plan that you can create an account that is private to share with fellow associate users all your knowledge and information you have gained from trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan does what the name suggests caters people who want to harness their trading skills. As nice as it seems however, there’s a crucial feature that is missing. Unlike the previous Novice package, you will not be able view other traders’ stats that might be a drawback for those eager to try this new tier. Profitly Blogs Watchlist
Pro Plan
The Professional plan can be described as the highest luxurious package Profit.ly could offer for seasoned traders. It costs $74.95 per month, which includes an additional 22% discount when billed annually This plan offers it all. You get full, no-holds-barred access to all features from the two previous plans combined.
Not only do you get to see other users’ stats and data, but you also have the option of creating a private profile. These two features are in addition to the 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 tier could be the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly offers a number of additional services that it can provide. One of these is its online store, which lets users choose from a wide array of instructional videos that are designed to inform and provide guidance on the ins and outs of trading. Each of the offerings listed on this page of the website is available to be purchased immediately for personal use. Some of these include bestsellers such as the “Trading Tickers” series from trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and all other aspects of trading. There are also clips and clips of The Annual Pennystocking Conference, and items from other experts in trading.
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The chat rooms that are integrated are as well part of Profit.ly’s array of features and services. You are probably familiar with the chat room as you can find it throughout social and messaging platforms, and also on a few specialty websites that provide live chat assistance. But in Profit.ly the chat room is viewed as a hands-on area where experts and member traders can communicate and exchange knowledge in real-time. Every guru has their own way in operating their chat room and in dealing with the members. 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 the essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features caters to a large variety of stock traders, from novices to the most experienced. Given the wide range of options it offers, the platform surely has something for everyone.
For instance, newbies can take advantage of Profit.ly’s collection of educational content offered throughout the platform. In addition, they will get daily videos and chat room tips from the in-house experts and their members. Additionally, they can pick from the merchandise available on its store online for them to take wherever they may go. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll be able to realize that the process is a high-stakes game that shouldn’t be treated as an amusing pastime.
For traders who have many years of experience down the line, we believe Profit.ly equally suitable to those who are just starting. While novice traders may not be as well-equipped with handling trading matters but the experts already know how it works and the plethora of risks that come with it. In the ideal scenario, they can use Profit.ly’s array of features to their best advantage to enhance their trading abilities. Like novices, they can study from the gurus as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s “all-in” approach does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the enjoyment! Trade professionals who are on similar levels to Superman or Tim Sykes can also use up Profit.ly’s capabilities to showcase their expertise to other traders as a way to help navigate them through the ever-changing trading process. Profitly Blogs Watchlist
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform allows traders from all over the world with tons of learning tools, communication, and trading tools
- You get to be taught by experts and insights from its in-house gurus, including collections of educational videos as well as real-time trading activities
- You can be sure of complete transparency through Profit.ly with accurate analytics and fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature of the platform offers you a way to build your credibility as a trustworthy and authentic trader
- In addition to its primary abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s variety of subscription levels and guru packages are priced at a reasonable cost There’s something for everyone
The Cons
- Profit.ly’s abundance of products and packages offered might not be enough for a lot of its users
- If traders decide to post 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 ignored.
- Profit.ly does not accept refunds, as the premium customers are expected to immediately take advantage of the numerous services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could think of an answer to this question, it’s yes. But you need to understand that the platform should not be used as a scheme to get rich quick. The platform was not always meant to be designed to achieve this goal. Instead, you should have an open mind. Profitly Blogs Watchlist
What we are referring to”yes” is it is a fantastic learning tool. Those who may be stuck could find Profit.ly’s variety of resources useful as they do their best to reduce losses and perform better than they did before. Not only struggling traders that will benefit from the platform. It will be able to accommodate beginners as well as even experts in the field!
If you truly care about being a better trader and want to learn from your mentors and peers along the way, then take a look at Profit.ly. Profit.ly may be a great alternative to start.
FAQ Profitly Blogs Watchlist
How do you use Profit.ly to publish your trades?
Profit.ly offers an entry section for trades within the ‘My Trade’ category of the dashboard which lets you post your trades, either verified or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing the trades from that directly
- Manually entering your trades using specified spaces and information.
- Take a photo of your trades
How do I know whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there is the likelihood that it can be verified. This is evident by the small blue check. If you upload it manually or through pictures, it will be assigned as unverified.
The drawback of posting an unverified trade is the chance of receiving negative feedback from colleagues. Too many downvotes may result in you appearing on the Madoff leaderboard, which is where the public 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 to download from the Apple App Store and 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 using Profit.ly?
Profit.ly is currently home to over 150,000 investors and traders since they’re not just trying to maximize profits but also assist each other to learn and improve in acquiring stock market opportunities both right and left.
