Stock trading can be an extremely risky game. On certain days, you may enjoy the benefits of pleasing and positive numbers. However, on other days you may experience the opposite, and it may sometimes be extremely difficult to return to where you were your peak. If you’re always in the mud You will need to realize that relying on pure instinct and preservation might not be enough.
If you’ve suffered occasional losses, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need an important boost from trading partners from all over the globe, which is why we’ve identified an option that can help you in your improvement in the industry. This review will take a 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. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Overall Rating: 4.1/5 Profitly By The Year
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 permits traders of all levels to be knowledgeable, transparent, accountable, and encouraging one another through its wide range of features and tools including trade verification, chat rooms as well as an extensive library of educational content.
What exactly is Profit.ly?
Profit.ly is a site for trading which serves as a learning and training platform for people who are starting out and as a hub for traders who are experienced to monitor their performance through the use of cutting-edge analytics tools. It provides users with a vast range of resources for trade and communication, it helps traders from all walks of life network with each other. It also allows gurus to make worthy investments within the boundaries of the platform. Think of it as a social media site akin to 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 trading platform is built on honesty and transparency: it ensures that the trades are valid and won’t tolerate inauthenticity as much as it is possible. It was created years ago by the penny stock trade expert and investment expert Timothy Sykes, along with fellow expert Michael Mosseri.
One time during his interview for Forbes magazine, Sykes declared that Profit.ly was motivated by its focus “on showing all trades, something that was never previously done.” The idea was, he said, serving two goals: 1.) keeping track of public data for everyone, not just the experts as well as newsletter writers and students as well as) allowing everyone on the platform to gain insight into the losses and wins to the benefit of the trading industry. Profitly By The Year
How Does It Perform?
Profit.ly utilizes a subscription model which allows stock traders to have access to a range of features and services aimed toward the success of their business. You may set up an account at no cost, however you’re only given the ability to navigate through the leaderboard and observe 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 subscribe to any of Profit.ly’s deals, which we will discuss in the near future.
Making an account simple: Create a profile with your experiences and skills, join to your brokerage account, and you’ll be given an opportunity to make your way to the top of the leaderboard. Profit.ly’s Leaderboard function, which was we’ve mentioned earlier was designed to offer its users a look at their performance as a trading group and its gurus. You’re not just allowed to show your worth to a large group of traders, but you can also utilize Profit.ly to purchase with a professional with the assurance that you’re comfortable with their expertise and the credibility of their assertions.
If you feel uneasy with the idea of sharing your brokerage account, you may choose to publish your trades, verified or not, via screenshots. Included in Profit.ly is the huge selection of trading classes and the capability to see statistics on a person’s profile, and more ways to interact with your experts through the chatroom in addition to text and e-mail alerts and updates.
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Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is well-known for his efforts in the penny-stock market. According to Investopedia Penny stock is a small business’s shares that trade for under $5 for each share. The trading of penny stocks is a stepping stone for small businesses to transition to a market that is larger as they can access money from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes is sure to reveal because of his decades of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned an estimated $6 million profits during his long and successful career as trader. When he was 25 years old Tim Sykes had received greater exposure and an even wider reach of influence as a participant in the reality TV show “Wall Street Warriors.” He took advantage of it to develop trading rooms, penny stock themes, as well as educational content targeted at those who are just beginning to learn about trading. He also played a role in establishing Profit.ly as a place of openness, and for the community to uplift and compete against each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of educational sources, trade alerts and other helpful stuff provided by the platform’s in-house gurus. The gurus in question refer to the trading experts who have proven to make substantial profits from their combined years of experience. Profitly By The Year
At its height, Profit.ly had housed up to five gurus. Each of them a pro in their field of expertise in the trading industry. Some of the most famous gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce as well as a handful of others. At the time of 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. When we take that into account, let’s take a look at what packaged deals each guru offers.
From Tim Sykes Tim Sykes
Sykes provides a basic stock trading service which focuses on penny-stock day trading via Tim’s Alerts. At $74.95 monthly, you’ll be able to observe him focus on fundamental catalysts for stocks and utilize them to forecast the next move that is possible when trading.
A single purchase of Tim’s Alerts will get you access to the chatroom and the mobile app available for iOS and Android devices, as well as texts, emails and push alerts; as well as a daily watchlist of stocks.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium, upgraded version of the Tim’s Alerts package. It costs $149.95 for a month this is the perfect plan for those who are invested in investing in penny stocks. Pennystocking Silver comes with all the standard features that were included in prior plans, including swing trading alerts as well as unlimited access to a rich library of more than 7,000 instructional videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the alias “Superman,” is a professional in swing trading with an eye for massive stocks of the small-cap size and insanely accurate marketing forecasts. Through the years since when he first started trading, Superman has amassed over $5.5 million in all-time trading profits. Profitly By The Year
The Superman Alerts package is his package of vital features and alerts on trading geared to those interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket as well as the mobile application, daily market commentary in real-time, and email and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, as well as access to the extensive knowledge base provided by Superman himself, via his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of other previous ones. Additionally you’ll also gain an access to high-quality research papers as well as an IPO and earnings tracker.
Profit.ly Plans and Costs
If you’re looking to join the trading community on the internet and make a mark on the field, Profit.ly has the right amount of resources to help you up and running. The platform offers three membership levels, each designed for traders with different levels. Let’s look at what the three levels are and what they will cost you.
Novice Plan
This package for novices is Profit.ly’s entry-level plan designed especially 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 provided with a variety of powerful and essential trading tools, all one of them essential in keeping your fingers on what we can describe as a cutthroat process by itself.
The list of features you can do using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following, and even messaging other traders; and giving feedback on the trades of today. You can also get on leaderboards, analyze your trades, sort as well as filter trades; and lastly, look at other’s stats.
The Novice plan will cost $29.95 per monthly payment. Although it looks attractive for the price alone, there is a downside. You can’t create a private profile, which makes your actions public. If you’re looking to have the benefit of this service, be watching for us to introduce to you Profit.ly’s new plan.
The Trader Plan
The Trader package lets you to take advantage of the majority of features available in The Novice package. In this plan, that you are able to create an individual profile that allows you to share with fellow associates all your insights and knowledge you gain from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan does what the name suggests: Cater people who want to develop their expertise in trading. While it’s nice however, there’s a crucial feature that is missing. Unlike the previous Novice package, this one won’t be able view the statistics of other traders that could be a problem for those eager to try this new tier. Profitly By The Year
Pro Plan
The Pro plan is the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 each month which includes an additional 22% discount for annual billing the Pro plan has everything. You will have full, unrestricted access to all the features from the two prior plans.
In addition, you’ll be able to see other users’ stats, but you’re also given the opportunity to create your own private profile. Both of these features, plus the other advantages that you can utilize to their fullest capacity. If you’re looking for an option that gives you everything you need as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the provided training tools and the Leaderboards Profit.ly offers a number of more services it has to provide. One of them is the online store, where customers can select from a variety of instructional videos that are designed to inform and help you understand the nuances and pitfalls of trading. The products listed in this section of the website can be purchased immediately for personal use. Among these products include best-sellers such as”Trading Tickers,” the “Trading Tickers” series from trading specialist Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other aspects of trading. There are also clips and scenes taken from events like the Annual Pennystocking Conference, and other products by expert traders.
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Chat rooms integrated into Profit.ly are as well part of Profit.ly’s range of features and services. You may be familiar with the chat room since you will see it on social and messaging platforms as well as some specialty websites that offer live chat support. However, in Profit.ly it’s seen as a area where experts and members can interact and share knowledge in real-time. Every guru has their own style in operating their chat room and dealing with the members. Some may be laid back and less active, while another might be more online and communicative with their students. Think of chat rooms as Profit.ly’s version of a forum, in essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock traders, from novices to the most experienced. Considering the number of offers it offers this platform definitely has something for every person.
For instance, newbies can take advantage of Profit.ly’s library of learning materials available across the platform. In addition, they will be provided with videos every week and chat room tips by its internal gurus and their members. They’ll also be able pick from the merchandise available from its online store for them to take wherever they may be. You can also get hands-on experience trading on the platform, but ultimately they’ll be able to realize that the process is a high stakes game that shouldn’t be treated as a joke.
For the traders with years of exposure down the line, we see Profit.ly equally suited to people who are just beginning. While the newbies may not be as proficient in dealing with trading issues, the pros already understand how it works and the plethora of risks that it carries. In the ideal scenario, they can make use of Profit.ly’s variety of options to their maximum advantage to develop their trading skills. Like beginners, they can learn from the experts as well as experts, and take advantage of simple tips and hints throughout the process.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Certified experts can also take part in the fun! Trade professionals who are at the same level as Superman and Tim Sykes can also use up Profit.ly’s abilities to show off their skill to others as a way to help navigate them through the ever-changing trading process. Profitly By The Year
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s numerous capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with a wealth of education communications, trading, and communication tools
- You get to receive excellent training and tips from the in-house gurus, including video libraries that teach you how to learn and live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics and fellow traders who are ready to reach you out whenever something happens
- The leaderboard feature on the platform gives you a way to build your credibility as a trustworthy and dependable trader
- In addition to its primary capabilities, Profit.ly also gives its customers additional options to meet their needs, like posting unauthentic trades via photographs
- Profit.ly’s wide array of subscription levels and guru packages are priced at affordable rates – there truly is something for everyone
The Cons
- Profit.ly’s abundance of packages and products offered may not be enough for a lot of its customers
- If traders decide to open any kind of trade, there is the possibility that some of them could profit from cherry-picking the best trades to increase the rating this could be a risk that shouldn’t be ignored.
- Profit.ly does not offer refunds because its premium users are expected to instantly benefit from the many services the platform has to provide
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The Final Concluding Question The Final Verdict: Is Profit.ly worth it?
If we were able to come up with an answer to this question, it’s yes. However, you must realize that it shouldn’t be treated as a get-rich-quick scheme. It wasn’t designed to be used for this reason. Instead, you should have the ability to think with an open heart. Profitly By The Year
What we are referring to”yes” is it could be a useful learning tool. Those who may be stuck may be able to find Profit.ly’s variety of resources helpful as they do their best to reduce losses and perform better than before. It’s not only the struggling traders who will benefit from this platform. It can accommodate beginners and even experts in the field!
If you really desire to be more successful in trading and would like to be taught by your peers and experts on the way, take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Profitly By The Year
How can you make use of Profit.ly to make your trades public?
Profit.ly includes the option of allowing trade entries within the My Trade section of the dashboard which lets you record your trades that are verified or not. There are three choices:
- Connecting your account to your broker of choice and import the trades from that directly
- Manually inputting your trades with specified spaces and information.
- Upload a screenshot of your transactions
How do I know whether the trade is authentic or not?
If you buy your trade through a reliable brokerage, there is a high probability that it’s verifiable. This is indicated with the small blue check. If you upload it in a manual way or by taking screenshots, it will automatically be classified as unverified.
The disadvantage of an unverified trade is the chance of receiving negative feedback from colleagues. Too many downvotes may cause you to show up on the Madoff leaderboard, where people are able to identify who is untruthful in submitting trades.
Does the Profit.ly mobile app still in use?
As of this writing, Profit.ly is still available to download from the Apple App Store as well as the Google Play store. The mobile app version is compatible with most working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses over 150,000 investors and traders, because they are not just seeking to make the most profit but also to help one another grow and learn more about acquiring opportunities on the stock market both right and left.
