Stock trading can be an extremely risky game. 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 get back to the point you were at your peak. If you’re immersed in the water You will need to recognize that relying on your instincts and preserving might not be enough.
If you’ve been incurring loss 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 trading partners from all over the globe, which is why we’ve identified an option that can help you in your growth in the market. This review will be taking a 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. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Profitly By The Sea
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 all levels to be knowledgeable and accountable, as well as transparent and encouraging each other by offering a wide variety of tools and features like chat rooms, trade verification and a rich library of educational content.
How do I define Profit.ly?
Profit.ly is a trading site which serves as a learning and training platform for those new to trading and also as a platform for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. Providing users with a wide array of options for communication and trade and letting traders from all walks of life network with one another. It gives the gurus an opportunity to invest in the right areas of the platform. Imagine it as the social media equivalent the likes of Facebook and Reddit, but for experts and traders.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform for trading is built on transparency and honesty: it makes sure that trades are valid and won’t tolerate inauthenticity as much as is humanly possible. It was founded many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine Sykes said that Profit.ly was driven by its focus “on the transparency of every trade, something that was never prior to.” The concept was, he said, serving two goals: 1.) making public records for everyone, not just the experts as well as newsletter authors and students and secondly) allowing all users to learn from both the wins and losses for the trading industry’s benefit. Profitly By The Sea
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 on the site at no cost, however you’re only limited to having the ability to navigate through the leaderboard and observe the activities of people who aren’t gurus. If you’re looking to invest your money and see what stocks the experts are trading in real time it is necessary to join one 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 expertise, connect your brokerage account, and you’ll be given the chance to climb your way to the top of the leaderboard. Profit.ly’s leaders’ board feature as we’ve mentioned earlier was designed to offer its users a glimpse of how the community of traders performs as well as its experts. It’s not only a chance to demonstrate your worth to a large group of traders, as you are also able to use Profit.ly to buy with a guru, and have the assurance that you’re confident in their skills and the credibility of their assertions.
If you are unsure about the concept of leaking the details of your broker account you may opt to post your trades, verified or otherwise, through screenshots. Included in Profit.ly is the huge selection of courses in trading and the capability to see stats in a trader’s profile, and more ways to communicate with your gurus via chatrooms as well as 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 trader who is well-known for his involvement in penny stock trading. According to Investopedia Penny stock is a small business’s stock that trades for just less than 5 cents per share. The penny stock market is a stepping stone for small-scale businesses to make the transition to a market that is larger as it gives them access to money from the public. But don’t be mistaken – it’s also a high-risk game, which Sykes can surely tell through his many years of experience.
Beginning in his late years in High School, Tim Sykes has, since then, earned an estimated $6 million profits through his lengthy career as a trader. When he was 25 years old Sykes was given greater exposure and an even wider influence over time when he became part of the reality series “Wall Street Warriors.” Then, he used the opportunity to create trading rooms, penny stock themes, and educational content geared toward those who are just beginning to learn about trading. He also helped establish Profit.ly as a platform for transparency, and for the community to uplift and compete against each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s amazing features is the vast array of education resources, trade alerts, and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the trading experts who have made significant amounts of profit from their combined years of experience. Profitly By The Sea
At its peak, Profit.ly had housed up to five gurus, each of them a pro in their field of expertise in the field of trading. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of writing there are only two gurus who 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 take a look at the packages each guru can offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service that focuses on penny stock day trading through Tim’s Alerts. The cost is $74.95 monthly, you’ll be able to see him concentrate on the fundamental stock catalysts and use them to predict the next possible moves in making trades.
A purchase on its own of Tim’s Alerts will get you access to the chatroom, as well as the mobile app available on 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 premium, upgraded version of the Tim’s Alerts program. Priced at $149.95 per month, it is a great option for those who are more invested in penny stock trading. Pennystocking Silver comes with all the standard features of the previous plan, including alerts for swing trading and access to an extensive library of more than 7,000 instructional videos, with new ones released each week.
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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 both small-cap monumental stocks and crazy-accurate marketing forecasts. Through the years since he began as a trader, Superman has amassed over $5.5 million in trading earnings. Profitly By The Sea
The Superman Alerts plan is an offering of essential features and trading alerts targeted towards those who might be interested. For $147/month, you’ll get access daily premarket stock watchlist along with the mobile app, daily market updates in real-time, and email and SMS alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to the extensive knowledge base of information provided by Superman himself through his Superman Pro package. In addition to the basic features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include a growing library of all previous lessons. In addition, you’ll also get an access to high-quality research papers and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re eager to join the trading community on the internet and leave your mark on the field, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership tiers, each designed for traders with different levels. Let’s take a look at what these three are and how much they will 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. Once you have signed up for this package, you will be immediately offered a range of strong and vital trading tools, each of which is essential to keep your fingers on what call a competitive process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package is the capability to check the results of your trades and track profit and follow-up, leading, and even messaging your fellow traders, as well as leaving feedback on today’s trades. It also allows you to be onto leaderboards; study your trades, sort as well as filter trades and, finally, see other people’s statistics.
The Novice plan will cost $29.95 per month. While it may look attractive just by the price, there is a downside. You aren’t able to create a personal profile, which makes your activities publicly available. If you’re interested in have the benefit of this service, keep an eye on us as we present to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to use the majority of features available in the novice plan. It is in this plan that you can set up a private profile to share with other associates all your insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to improve their skills in trading. As nice as it seems but there’s one important feature that is missing. Unlike the previous Novice package, this one won’t be able to see other traders’ statistics, which could be a problem for those who are looking forward to this tier. Profitly By The Sea
Pro Plan
This is by far the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 per month, with a 22% discount for billing annually This plan offers it all. You will have full, unrestricted access to all the options of the previous plans.
You’re not only able to look at other people’s statistics, but you’re also given the opportunity to create your own private profile. Both of these options, in addition to the advantages you’ll be able to use to the fullest potential. If you’re looking for an account that will give all the features you need to be a skilled trader, maybe the Pro level is ideal for you!
Profit.ly’s Other Services
Apart from the trainer tools and leaderboards, Profit.ly has a few other services they provide. One of those is its online store, where customers can choose from a wide array of instructional videos that are created to 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”Trading Tickers, “Trading Tickers” series by trader professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content on short stocking, penny stocking, as well as all related to trading, videos and footage from The Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are as well part of Profit.ly’s variety of services and features. You may be familiar with the concept of the chat room since you can see it across social and messaging platforms, as well as some specialty websites that offer live chat assistance. But on Profit.ly it’s seen as a area where experts and members can interact and exchange knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the members. One of them may be laid back and not very often active, while another might be more active and in touch with their students. Think of chatrooms as Profit.ly’s version of a forum, in the essence.
Who is the Ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock trader types, from beginners to experienced pros. Considering the number of offers it has to offer it is certain to have something for every person.
Newbies, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. They will also be provided with videos every week and chat room advice by its internal gurus as well as their members. They’ll also be able choose from the items in its online store to carry with them wherever they may go. Additionally, they can gain practical experiences from trading within the platform, however they’ll realize that trading is a high stakes game that should not be viewed as an amusing pastime.
For those traders who have had many years of experience down the line, we see Profit.ly equally suitable for them as it is for people who are just beginning. Although the novices might not be as adept at dealing with trading issues however, experienced traders know the way it functions and the plethora of risks associated with it. Ideally, they may use Profit.ly’s variety of options to their maximum advantage to develop their trading abilities. Like novices, they can learn from the top experts and experts and utilize those quick tips and tidbits throughout the process.
Profit.ly’s “all-inclusive” nature does not only apply to beginners or semi-experienced trader. Verified experts can also join in the enjoyment! Trade professionals who are at the same level as Superman or Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to help assist them in the ever-changing trading process. Profitly By The Sea
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s diverse capabilities as a “one-stop” platform for trading stocks allows traders across the globe with tons of learning, 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 live trading activity.
- You can be sure of complete transparency through Profit.ly with precise analytics as well as 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 verifiable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates – there truly is something for every person
The Cons
- Profit.ly’s bountiful stream of packages and products offered may seem overwhelming for the majority of its customers
- If traders decide to post any kind of trade, there’s the possibility that some of them could profit from picking the most profitable trades to increase the rating This could be a problem that shouldn’t be overlooked.
- Profit.ly does not offer refunds as its premium users are expected to immediately benefit from the number of features the platform is able to provide
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The Final Concluding Question is: Is Profit.ly Worth It?
If we could come up with the answer, it’s yes. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform was not always intended to be created to achieve this goal. Instead, you should have an open mind. Profitly By The Sea
What we do mean”yes” is it is a fantastic learning tool. Those who may be stuck might discover Profit.ly’s variety of resources to be helpful as they do their best to incur lesser loss and perform better 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!
If you truly care about being better at trading and wish to be taught by your mentors and peers throughout the process, then take a look at Profit.ly. Profit.ly may be a great choice to start.
FAQ Profitly By The Sea
What are the best ways to use Profit.ly to make your trades public?
Profit.ly has a trade entry portion in the “My Trade section of the dashboard that allows you to post your trades that are verified or not. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing the trades from that directly
- Manually inputting your trades with the spaces provided and details
- Send a screen shot of your transactions
What can I do to determine whether the trade is authentic or not?
If you purchase your trade through a reliable brokerage, there is a high likelihood that it can be verified. This is evident by the small blue check. If you upload it in a manual way or by taking images, it will be classified as unverified.
The downside of having an unverified trade is the possibility of getting downvotes from your friends and colleagues. A large number of downvotes could cause you to show up at the top of the Madoff leaderboard, which is where the public are able to identify who is dishonest in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, 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 operating tablets and smartphones.
How many people are currently on Profit.ly?
Profit.ly is currently home to over 150,000 traders and investors, because they are not just looking to earn maximum profits but also help each other grow and learn more about acquiring stock market opportunities both right and left.
