Stock trading can be an exciting game with high stakes. Some days, you could enjoy the benefits of pleasing and positive numbers. On other days, however you may experience the opposite and it can be extremely difficult to return to where you were at your most productive. If you find yourself constantly stuck in the gutter, you will have to realize that relying on instinct and survival is not always enough.
If you’ve experienced losses from time to time You’ll need solid advice from seasoned and tested trading experts. You’re also gonna need an enormous boost from your colleagues in the market from all over the globe. That’s why we’ve found an online platform that will help you to improve your performance in the industry. This review will be taking the time to look at Profit.ly A well-respected 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitly By The Foot
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 enables traders of different levels to be informative and accountable, as well as transparent and uplifting with each other by offering a wide array of tools and features such as trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a trading site that functions as a training and learning platform for people who are just beginning their journey and also as a platform for traders with experience to keep track of their performance using the aid of advanced analytics tools. It provides users with a vast array of options to facilitate trade and communication that help traders from every field of business connect with one another. It gives the gurus worthwhile investments within the confines of this platform. Imagine it as a social media site akin to Facebook and Reddit however it is geared towards traders and experts.
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 authentic and won’t allow for fraud as much as it is possible. It was founded years ago by the penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine, Sykes declared that Profit.ly was based “on the transparency of the entire spectrum of trades, something which was never prior to.” The idea Sykes said served two goals: 1.) making public records for not just the gurus and newsletter writers and students and secondly) allowing all users to gain insight into both losses and wins for the trading industry’s benefit. Profitly By The Foot
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders gain access to a multitude of services and features geared at achieving the success of their business. You may set up an account at no cost, however you’re only limited to having the ability to navigate through the leaderboards and monitor the activities of non-gurus. If you’re ready to invest your money and see what stocks the experts are trading in real time, you will need to join one of Profit.ly’s deals that we’ll go over shortly.
Setting up an account is easy: create an account with your experience and skills, join to your brokerage account and you’ll have a chance to shoot through high on the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned, is designed to give its users an insight into the performance of the trading community and its gurus. It’s not just a way to show value to a large group of traders, but you can also utilize Profit.ly to shop from a guru with the assurance that you’re comfortable in their skills and the credibility of their assertions.
If you are unsure about the idea of sharing information about your account with a brokerage, you may opt to post your trades, whether verified or not, via screenshots. In Profit.ly is the huge selection of trading courses, the ability to view the stats of a trader’s account and other methods to interact with your experts in the chatroom, as well as text and e-mail alerts and 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 trades in penny stocks. According to Investopedia the term “penny stock” is a small business’s stock which trades at just less than 5 cents per share. The trading of penny stocks is a stepping stone for small businesses to transition to a market that is larger as it gives them access to capital from the general public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes is sure to reveal thanks to his years of expertise.
Since his initial beginnings in his late years in high school, Tim Sykes has, since then, made an estimated $6 million profit during his long and successful career as trader. At the age of 25 Sykes was given greater exposure and an even wider reach of influence when he was a part of the reality show “Wall Street Warriors.” He then took advantage of it to establish trading rooms as well as penny stock themes as well as educational content targeted at those who are new to trading. He also played a role in establishing Profit.ly as a place for transparency, and for the community to lift each other up and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the variety of educational sources, trade alerts and other helpful stuff provided by the company’s internal gurus. Gurus are referred to the trading experts who have earned significant amounts of profit from their collective years of knowledge. Profitly By The Foot
At its height, Profit.ly had housed up to five gurus. Each of them an expert in their field of expertise in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on the platform: the founder and penny stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that we’ll take a look at the packaged offers each guru offers.
From Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 for a month you will see him focus on the fundamental catalysts for stocks and utilize them to forecast the next moves that could occur when trading.
A single purchase in Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS as well as Android devices, as well as email, text and push alerts; and a daily stock watchlist.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. At $149.95 per month, it is a great option for those who are more committed to penny stock trading. Pennystocking Silver comes with all the standard features of earlier plans including swing trading alerts as well as unlimited access to a library of more than 7,000 instructional videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a professional in swing trading with an eye for both massive stocks of the small-cap size and insanely accurate marketing forecasts. In the time since when he first started trading, Superman has amassed over $5.5 million in all-time trading earnings. Profitly By The Foot
The Superman Alerts package is his offering of essential features and alerts on trading geared to those interested. For $147 per month, you’ll gain access daily stock watchlist that is premarket as well as the mobile application, daily market commentary shown in real time, and E-mail and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features and access to a knowledgeable base of information provided by Superman himself, via his Superman Pro package. Alongside the standard features included in the Alerts plan, Superman Pro gives you daily video lessons, which include an ever-growing library of previous lessons. Additionally you’ll also gain an access to high-quality research papers and the IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the world of online trading and leave a mark in the industry, Profit.ly has the right amount of resources to get you up and running. The platform offers three membership levels that cater to traders with different levels. Let’s take a look at what these three levels are and what they will cost you.
Novice Plan
The Novice package is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. When you sign up for this plan, you will be immediately offered a range of strong and vital trading tools, all of them integral in keeping your hands on what we call a competitive process by itself.
Some of the features you can accomplish using Profit.ly’s Novice package include the ability to confirm trades and track profits and follow-up, leading and even chatting with your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards; analyze, sort, or filter the trades you make; and, finally, see 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. You aren’t able to create a personal profile, thus making your actions public. If you do want to 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. This plan allows that you can set up an account that is private for sharing with fellow associate users all your knowledge and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says caters to those who desire to develop their skills in trading. While it’s nice, there is one significant aspect that’s not included. Unlike the previous Novice package, you won’t be able to view the statistics of other traders, which could be a problem for some who may be looking forward to this tier. Profitly By The Foot
Pro Plan
The Professional plan can be described as the highest premium package that Profit.ly could offer for seasoned traders. At $74.95 per month, which includes a 22% discount when billed annually This plan offers it all. You will have full, unrestricted access to all the options of the previous plans combined.
In addition, you’ll be able to see other users’ stats and data, but you also have the opportunity to create a private profile. Both of these features, on top of all the benefits that you can use to their fullest capacity. If you’re in search of an option that gives all the features you need to be a skilled trader, maybe the Pro plan is the right choice for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and leaderboards, Profit.ly provides a variety of additional services that it can provide. One of those is its online store, where customers can select from a variety of video products that are designed to educate and guide you through the ins and outs of trading. The products listed on this page of the website can be purchased immediately for personal use. These include best-selling products such as the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content related to penny stocking, short stocking, and all other aspects of trading. There are also clips and scenes of events like the Annual Pennystocking Conference, and products from other expert traders.
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The integrated chat rooms are also part of Profit.ly’s range of features and services. You’re probably familiar with the chat room as you can see it across messaging and social platforms, in addition to a few special websites that offer live chat assistance. However, in Profit.ly, it is seen as a hands-on area where experts and member traders can communicate and share knowledge in real-time. Every guru has their own style in running their chat rooms and in dealing with the members. Some may be a laid-back person who is less active, while another may be more active and in touch in their interactions with students. Think of the chatrooms as Profit.ly’s version of the forum, in the 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, from novices to experienced professionals. With the variety of deals it offers this platform definitely has something for all.
Newbies, for instance, can take advantage of Profit.ly’s knowledge-based information available on the platform. In addition, they will be enriched with weekly videos and chat room tips from its in-house gurus and their members. Additionally, they can select from the products in its online store to carry with them wherever they be. Additionally, they can gain practical experiences from trading within the platform, but ultimately they’ll realize that the process is a high stakes game that shouldn’t be taken as an amusing pastime.
For traders who have decades of experience in the line, we see Profit.ly equally suitable to people who are just beginning. Although the novices might not be as adept at handling trading matters however, experienced traders know how it works and the stack full of risks associated with it. Ideally, they may use Profit.ly’s variety of options to their maximum advantage to enhance their trading abilities. Like novices, they can study from the gurus as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners or semi-experienced trader. Experts who have been verified can also participate in the excitement! Those in the trading industry who are at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to guide them through the ever-illustrious trading process. Profitly By The Foot
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ stock trading platform enable it to provide traders everywhere with an abundance of knowledge, communication, and trading tools
- You’ll receive excellent training and tips from the in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly by using accurate data as well as other traders ready to call you when something goes wrong.
- The leaderboard feature on the platform gives you a way to build your reputation as a reliable and verifiable trader
- In addition to its primary abilities, Profit.ly also gives its users extra options to suit their individual preferences, for instance, posting unverifiable trades through photographs
- Profit.ly’s wide array of packages and subscription levels are priced at reasonable prices There’s something for everyone
The Cons
- Profit.ly’s numerous packages and products offered may seem overwhelming for the majority of its users
- If traders decide to make any type of trade, there’s an opportunity that some them will profit by selecting the best trades in order to increase the rating – this may be a risk that shouldn’t be simply overlooked
- Profit.ly will not allow refunds, as its premium users are expected to instantly take advantage of the numerous services that the platform can provide
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The Final Concluding Question The Final Verdict: Is Profit.ly Valued?
If we could think of an appropriate answer for this query, it’s a ‘yes’. But you need to understand that the platform should not be used as a get-rich-quick scheme. It wasn’t meant to be designed to achieve this goal. Instead, you should have the ability to think with an open heart. Profitly By The Foot
What we mean”yes” is that it is a fantastic learning tool. People who are stuck could find Profit.ly’s array of resources helpful as they do their best to avoid losses and be more successful than they did before. Not only poor traders that can benefit from this platform. It will be able to accommodate beginners as well as even experts in the field!
So, if you genuinely care about being a better trader and want to learn from your peers and experts on the way, take a look at Profit.ly. Profit.ly is a fantastic choice to start.
FAQ Profitly By The Foot
How do you use Profit.ly to post your trades?
Profit.ly includes an entry section for trades under the ‘My Trade section of the dashboard which lets you post your trades, verifiable or not. You may choose between three options:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Send a screen shot of your trades
How can I tell whether the trade is authentic or not?
If you import your trade through a reliable brokerage, there’s the likelihood that it can be verified. This is shown by the blue check mark. If you post it in a manual way or by taking pictures, it will be assigned as unverified.
The drawback of posting an unauthentic trade is the risk of receiving downvotes from colleagues. A large number of downvotes could cause you to be listed in the Madoff leaderboard, which is where the public can see who’s dishonest in posting trades.
Are the Profit.ly mobile application still available?
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 most functioning tablets and smartphones.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are looking to earn maximum profits but also to help one another learn and improve in acquiring opportunities on the stock market left and right.
