The stock market can be an exciting game with high stakes. Some days, you could enjoy the benefits of positive and satisfying numbers. On other days, however you may experience the opposite, and it may sometimes be very difficult to return to the point you were at your most productive. If you are constantly stuck in the gutter it is important to recognize that relying on instinct and survival may not always be enough.
If you’ve suffered losses from time to time, you’re gonna be needing sound advice from tried-and-tested trading experts. Also, you’ll need a significant boost from your trading partners from all over the globe, which is why we’ve identified an option that can help you in your improvement in the market. This review will take an in-depth 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Total Rating: 4.1/5 Profitly By The Numbers
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly offers an internet-based trading service that permits traders of different levels to be knowledgeable, transparent, accountable, and uplifting with each other by offering a wide variety of tools and features such as chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for people who are just beginning their journey as well as a place for traders who are experienced to monitor their performance with the help of advanced analytics tools. Offering users a broad variety of tools for trade and communication, it helps traders from all walks of life network with each other. It also allows gurus to make worthwhile investments within the confines that the site. Imagine it as a social media site akin like Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently verifies trade performances and then publishes the information from them in the style 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 it is possible. It was founded years ago by the penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
In an appearance in Forbes publication, Sykes said that Profit.ly was motivated by its focus “on showing all trades, something that was never prior to.” The idea Sykes said served two goals: 1.) creating public track records for everyone, not just the experts, but also the students and newsletter writers, and 2) giving everyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Profitly By The Numbers
How Does It How Does It
Profit.ly follows a subscription-based model that allows stock traders to have access to a range of tools and services that are geared toward achievement. It is possible to create an account on the site at no cost, however you’re limited to the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re interested in investing your money and see what stocks the experts are trading in real time You’ll need to sign up to one of Profit.ly’s offerings that we’ll go over shortly.
Setting up an account is simple: Create an account with your experience and expertise, connect your brokerage account, and you’ll be given an opportunity to make your way up to at the very top of the list. Profit.ly’s leaders’ board feature as mentioned previously, is designed to give its users an insight into how the community of traders performs and its experts. It’s not only a chance to prove that you’re worthy to the group of traders, as you can also utilize Profit.ly to shop with a guru, and have the assurance that you’re confident in their skills and the veracity of their claims.
If you’re not comfortable with the concept of leaking your brokerage account, then you could choose to publish your trades, whether verified or otherwise, through photographs. Included in Profit.ly are the vast number of trading courses and the capability to see statistics on a person’s profile as well as other ways to connect with your gurus via chatrooms as well as text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading personality who has been famously known for his efforts in the penny-stock market. According to Investopedia Penny stock refers to a small company’s shares that trade for just less than 5 cents per share. The trading of penny stocks can be seen as an avenue for small businesses to transition to a large marketplace as they can access money from the public. But don’t be mistaken – it’s also an extremely risky game, as Sykes can surely tell thanks to his years of expertise.
Beginning in his late years in High School, Tim Sykes has, since then, earned an estimated $6 million earnings through his lengthy career as trading professional. At 25 years old, he had been given more exposure and a wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” He used the opportunity to create trading rooms and penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a place of openness, and for the community to lift each other up and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning sources, trade alerts and other useful stuff offered by the platform’s in-house gurus. The gurus in question refer to experts in the field of trading who have made substantial profits from their combined years of expertise. Profitly By The Numbers
At its height, Profit.ly had housed up to five gurus, each of them an expert within their particular field within the world of trading. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. As of this writing, only two gurus remain on this platform: Founder as well as 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 packages each guru has to offer.
From Tim Sykes Tim Sykes
Sykes provides an essential stock trading service that focuses on penny stock day trading through Tim’s Alerts. At $74.95 per month, you’ll be able to see him concentrate on the fundamental catalysts for stocks and utilize them to anticipate the next moves that could occur when trading.
A standalone purchase from Tim’s Alerts will get you access to the chatroom, as well as the mobile application that is available to iOS as well as Android devices, as well as text, e-mail and push alerts; as well as a daily watchlist of stocks.
from Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the 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 more invested in the penny-stock market. Pennystocking Silver offers all the essential features found in the previous plan, including swing trading alerts as well as unlimited access to a collection of more than 7,000 educational videos that are updated each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a professional in swing trading with an eye for small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since the time he started trading, Superman has amassed over $5.5 million in total trading profits. Profitly By The Numbers
The Superman Alerts plan is his package of vital features and trading alerts geared toward those who may be interested. For just $147 per month, you’ll have access daily stock watchlist that is premarket and the mobile app, daily market updates 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 of information provided by Superman himself via his Superman Pro package. Alongside the standard features featured in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of previous lessons. On top of that you’ll also gain the ability to access premium reports on research and the IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the trading community on the internet and leave a mark in the industry, Profit.ly has the right amount of tools to get you going. The platform has three membership tiers that cater to traders at different levels. Let’s take a look at what these three 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 new to the trading world. Once you have signed up for this package you’ll be given a slew of robust and indispensable trading tools, each of which is essential to keep your fingers on what we can describe as a cutthroat procedure in its own.
Some of the features you can do using Profit.ly’s Novice package is the ability to verify the results of your trades and track profit; leading, following and even chatting with your fellow traders, as well as giving feedback on the trades of today. You can also get on leaderboards; analyze the results of your analysis, sort, as well as filter trades and, lastly, view other’s stats.
The Novice plan is $29.95 per monthly payment. While it may look attractive simply because of the price however, there’s a drawback. You can’t create a private account, making your actions public. If you’re looking to have the benefit of this service, keep an eye on us as we present to you Profit.ly’s new plan.
Trader Plan
The Trader package lets you to use many of the features of the novice plan. It is in this plan that you can set up an account that is private for sharing with fellow associates all your insights and information you have gained from trader’s community.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says catering people who want to harness their expertise in trading. Although it’s a nice thing, there is one significant feature that is missing. In contrast to the Novice package, you won’t be able to see other traders’ statistics this could be a problem for some who may be looking forward to this tier. Profitly By The Numbers
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly offers to experienced traders. With $74.95 each month and a 22% discount for annual billing, this tier has everything. You will have full, unrestricted access to all features from the two prior plans.
Not only do you get to view other people’s stats, but you’re also given the option of creating an individual profile. Both of these features, on top of all the advantages that you can utilize to the maximum extent. If you’re in search of a plan that can serve you with everything you require as an experienced trader, the Pro tier could be the right choice for you!
Profit.ly’s Other Services
In addition to the trainer tools and Leaderboards Profit.ly provides a variety of additional services that it can offer. One of these is its online store, which allows users to choose from a wide array of videos designed to inform and provide guidance on the ins and outs of trading. All of the products featured on this page of the website can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all aspects of trading. There are also clips and clips 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 variety of services and features. You’re probably familiar with chat rooms since you can see it across social and messaging platforms in addition to a few special websites that provide live chat assistance. However, in Profit.ly, it is seen as a place where gurus and their member traders can communicate and learn in real time. Every guru has their own style in operating their chat room and dealing with the listed members. One of them may be a laid-back person who is not very often active, while another may be more interactive and online to their pupils. Think of the chat rooms like Profit.ly’s version of a forum, in essence.
Who is the Ideal trader to Profit.ly?
Profit.ly’s wide range of products and features cater to an array of stock trader types, from novices to the most experienced. Given the wide range of options 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 get daily videos and chat room tips by its internal gurus and their members. They’ll also be able to select from the products on its store online to carry with them wherever they may be. Additionally, they can gain practical experience trading on the platform, but eventually they’ll be able to realize that trading is a risky game that should not be viewed as an opportunity to make fun of.
For the traders with years of exposure down the line, we see Profit.ly equally suitable to them as the newcomers. While the newbies may not be as well-equipped with managing trading however, experienced traders know the way it functions and the risky mix associated with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to enhance their skills in trading. Like novices, they can learn from the experts and experts and utilize those quick tips and tidbits along the way.
Profit.ly’s “all-in” approach isn’t limited to novices and semi-experienced traders. 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 abilities to show off their expertise to other traders as a way to help assist them in the ever-changing trading process. Profitly By The Numbers
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders from all over the world with a wealth of education, communication, and trading tools
- You will be provided with excellent lessons and advice from the company’s in-house gurus, including collections of educational videos as well as real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders ready to call you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and verifiable trader
- In addition to its primary features, 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 subscription plans and guru packages are priced at affordable rates – there truly is something for every person
The Cons
- Profit.ly’s abundance of packages and services offered could not be enough for the majority of its customers
- Since traders can choose to post any kind of trade, there’s a possibility that some of them may take advantage by picking the most profitable trades to increase the rating this could be a concern that should not be ignored.
- Profit.ly will not allow refunds, as the premium customers will immediately take advantage of the numerous services that the platform can offer
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could come up with an answer to this question, it’s yes. But it is important to realize that this platform shouldn’t be viewed as a get-rich-quick scheme. The platform was not always intended to be created for this reason. Instead, you need to have curiosity. Profitly By The Numbers
What we do mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck might be able to find Profit.ly’s array of resources helpful as they do their best to reduce loss and perform better than they did before. It’s not just the poor traders that can benefit from the platform. It will be able to accommodate beginners as well as even experts!
If you really want to become better at trading and wish to be taught by your mentors and peers on the way, you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Profitly By The Numbers
What are the best ways to use Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries within the ‘My Trade’ category of the dashboard which allows you to post your trades, verifiable or otherwise. There are three options:
- Connecting your account to your brokerage of choice and importing trades directly from there
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your trades
How do I know whether the trade can be verified or not?
If you buy your trade from a trusted brokerage, there is a high likelihood that it can be verified. This is shown by the blue check mark. If you upload the information manually or via pictures, it will be classified as unverified.
The drawback of posting an unauthentic trade is the risk of receiving downvotes from friends and colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, where users are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile app still available?
At the time of writing, Profit.ly is still available for download on the Apple App Store as well as the Google Play store. The mobile app version is compatible with most functioning tablets and smartphones.
How many people are currently using Profit.ly?
Profit.ly currently houses more than 150,000 investors and traders since they’re not just trying to maximize profits but also to help one another grow and learn more about acquiring stock market opportunities all over the world.
