The stock market can be an extremely risky game. Some days, you might have the benefit of positive and satisfactory numbers. On other days, however it could be the reverse and it could be extremely difficult to return to where you were your most productive. If you’re immersed in the water it is important to realize that relying on your instincts and preserving may not always be enough.
If you’ve suffered occasional losses You’ll need solid advice from seasoned and tested trading experts. Also, you’ll need an important boost from trading partners from all over the globe, which is why we’ve discovered an option that can help you in your improvement within the field. In this review, we’ll take an in-depth look at Profit.ly is a well-known 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 Cancle
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 enables traders of all levels to be knowledgeable and accountable, as well as transparent and uplifting with each other through its broad array of tools and features including chat rooms, trade verification, and an enriched library of educational material.
What is Profit.ly?
Profit.ly is a trading website that functions as a learning and training platform for those who are starting out as well as a place for traders with experience to keep track of their performance through the use of sophisticated analytics tools. Offering users a broad array of options to facilitate trade and communication and letting traders from every field of business connect with each other. It also allows gurus to make worthwhile investments within the confines that the site. Consider it the social media equivalent to Facebook and Reddit but with a focus on professionals and traders.
Profit.ly independently checks the performance of trades and posts all the data from them in the style of leaderboards. The trading platform is built on trust and transparency. it ensures that the trades are authentic and won’t allow for fraud as much as is humanly 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 his appearance in Forbes magazine, Sykes said that Profit.ly was driven by its focus “on showing every trade, something that has never been prior to.” This idea Sykes said served two objectives: one) keeping track of public data for everyone, not just the experts and students and newsletter writers, and 2) allowing anyone on the platform to gain insight into both the wins and losses for the trading industry’s benefit. Profitly Cancle
How Does It Perform?
Profit.ly follows a subscription-based model that allows stock traders to benefit from a variety of tools and services that are geared toward the success of their business. You may set up an account on the site for free, but you’re only limited to having the ability to navigate through the leaderboard and follow the actions of non-gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time it is necessary to join one of Profit.ly’s offers that we’ll go over shortly.
The process of opening an account is easy: create a profile with your experiences and expertise, connect to your brokerage account and you’ll have an opportunity to make through high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned was designed to offer its users a look at how the community of traders performs and its gurus. You’re not just allowed to show that you’re worthy to the community of traders, but you can also use Profit.ly to purchase from a guru with the assurance that you’re confident in their skills and the credibility of their assertions.
If you’re not comfortable with the idea of sharing your brokerage account, then you could choose to publish your trades, verified or not, via pictures. Included in Profit.ly is the huge selection of trading courses as well as the ability to look at 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 personality who has been famously known for delving his hands into trades in penny stocks. According to Investopedia Penny stock refers to a small-sized company’s shares that trade for just less than 5 cents per share. Penny stock trading could be viewed as a stepping stone for small businesses to transition to a large marketplace as it gives them access to money from the general public. But don’t make the mistake of thinking that it’s also a high-risk game, which Sykes can surely tell through his many years of expertise.
Beginning at the end of his time in high school, Tim Sykes has, since then, earned over $6 million of profits during his long and successful career as trading professional. When he was 25 years old Sykes was given greater exposure and an even wider influence over time as a participant in the reality show “Wall Street Warriors.” Then, he took advantage of it to develop trading rooms as well as penny stock themes and educational material aimed at those who are just beginning to learn about the trading field. He also played a role in establishing Profit.ly as a place of transparency and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the vast array of learning tools, trade alerts as well as other useful information provided by the platform’s in-house gurus. These gurus refer to the experts in trading who have earned substantial profits through their years of knowledge. Profitly Cancle
At its height, Profit.ly had housed up to five gurus, all of them a professional in their niche in the field of trading. Some of the most prominent experts were Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among 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. When we take that into account we’ll take a look at the packages each guru offers.
From Tim Sykes Tim Sykes
Sykes provides basic stock trading services that focuses on penny-stock day trading via Tim’s Alerts. Costing $74.95 for a month you’ll observe him focus on fundamental catalysts for stocks and utilize them to predict the next moves that could occur when making trades.
A single purchase in Tim’s Alerts will get you access to the chatroom, as well as the mobile app available to iOS as well as 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 version that has been upgraded of the Tim’s Alerts program. 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 of earlier plans including swing trading alerts as well as unlimited access to a library of over 7,000 educational videos, with new ones released each week.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in trading earnings. Profitly Cancle
The Superman Alerts plan is an package of vital features and trading alerts geared to those interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket as well as the mobile app, daily market commentary in real-time, and email and SMS alerts.
From “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to an extensive base of knowledge that is provided by Superman himself through the Superman Pro package. Alongside the standard features that are included in the Alerts plan, Superman Pro gives you daily video lessons, which include the growing collection of other previous ones. In addition, you’ll also get the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and make a mark on the market, Profit.ly has the right amount of tools to get you going. Profit.ly offers three membership levels that are designed to accommodate traders at different levels. Let’s break down what these three tiers are and how much they’ll cost you.
Novice Plan
The package called Novice is Profit.ly’s entry-level plan designed especially for people who are brand new to the world of trading. When you sign up for this plan, you will be immediately offered a range of strong and essential trading tools, all of which is essential to keep your fingers on what can describe as a cutthroat process in and of itself.
Among the list of things you can accomplish with Profit.ly’s Novice program is the ability to confirm trades and track profits and follow-up, leading, and even messaging your fellow traders; and leaving feedback on today’s trades. You’re also allowed to get on leaderboards; analyze, sort, or filter the trades you make; and lastly, look at other people’s statistics.
The Novice plan will cost $29.95 per month. Although it might look appealing for the price alone but there’s a disadvantage. You can’t create a private profile, which makes your actions public. 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.
Trader Plan
The Trader plan allows you to take advantage of many of the features of the Novice plan. It is in this plan that you can set up an individual profile that allows you to share with fellow associate users all the insights and intel in trader’s community.
Costing $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater for those looking to improve their trading skills. As nice as it seems however, there’s a crucial element that’s missing. As opposed to the prior Novice package, you will not be able view the statistics of other traders, which might be a drawback for some who may be looking forward to this tier. Profitly Cancle
Pro Plan
The Professional plan can be described as the most expensive plan Profit.ly could offer for seasoned traders. With $74.95 monthly, and an additional 22% discount when billed annually, this tier has it all. It gives you full, unlimited access to all the options of the previous plans combined.
In addition, you’ll be able to view other people’s stats, but you’re also given the chance to create a private profile. Both of these features, in addition to the advantages that you can utilize to the fullest potential. If you’re looking for an option that gives you everything you need as an experienced trader, the Pro level is the right choice for you!
Profit.ly’s Other Services
In addition to the training tools and the leadersboards Profit.ly provides a variety of other services they offer. One of them is the online store, which allows users to pick from a range of video products designed to inform and provide guidance on the nuances and pitfalls of trading. Each of the offerings listed in this section of the site can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about penny stocking, short stocking, and other related to trading, videos and clips taken from events like 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 variety of services and features. You are probably familiar with chat rooms since you can find it throughout messaging and social platforms, as well as some specialty websites that offer live chat assistance. However, in Profit.ly the chat room is viewed as a hands-on place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own way in operating their chat room and dealing with the listed members there. One of them may be laid back and not very often active, while another might be more interactive and online in their interactions with students. Think of the chat rooms like Profit.ly’s version of the forum in its essence.
Who is the best Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to an array of stock traders, from novices to experienced professionals. Given the wide range of options it offers it is certain to have something for all.
Newbies, for instance, will appreciate Profit.ly’s knowledge-based content offered throughout the platform. Not only will they get daily videos and chat room advice from its in-house gurus as well as their members. They’ll also be able to pick from the merchandise available on its store online for them to take wherever they be. Additionally, they can gain practical experiences from trading within the platform, however, they will soon learn that the process is a high stakes game that shouldn’t be treated as a joke.
For the traders with many years of experience down the line, we believe Profit.ly equally suited to those who are just starting. While novice traders may not be as well-equipped with handling trading matters however, experienced traders know the way it functions and the stack full of risks that it carries. It is ideal to make use of Profit.ly’s array of features to their full advantage to enhance their trading abilities. Like novices, they can learn from the top experts as well as experts, and take advantage of short tips and tricks along the way.
Profit.ly’s ‘all-together’ nature isn’t limited to novices or semi-experienced trader. Verified experts can also join in the enjoyment! People in the trade industry who are at an equal level with Superman and Tim Sykes can also use the power of Profit.ly’s abilities to show off their skills to others in order to navigate them through the ever-changing trading process. Profitly Cancle
Profit.ly’s Pros and Cons
The Pros
- Profit.ly’s many capabilities as a ‘one-stop’ stock trading platform enable traders across the globe with a wealth of education, communication, and trading tools
- You’ll receive excellent training and tips from the in-house gurus, including collections of educational videos as well as live trading activity.
- You’re assured of transparency throughout Profit.ly with accurate analytics as well as other traders that are waiting to reach you out whenever something happens
- The leaderboard feature of the platform offers you the opportunity to increase your credibility as a trustworthy and dependable trader
- Apart from its main abilities, Profit.ly also gives its users extra options to suit their preferences, such as posting unverifiable trades through photographs
- Profit.ly’s wide array of subscription plans and guru packages are priced at a reasonable cost There is truly something for everyone
The Cons
- Profit.ly’s bountiful stream of packages and products offered may be too much for a lot of its customers
- If traders decide to make any type of trade, there is a possibility that some of them will profit by cherry-picking the best trades to improve their ratings – this may be a risk that shouldn’t be simply overlooked
- Profit.ly does not offer refunds as its premium users are expected to instantly benefit from the number of features the platform is able to provide
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The Final Verdict The Final Verdict: Is Profit.ly Worth It?
If we were able to come up with an answer to this question, it’s a ‘yes’. But you need to understand that it shouldn’t be treated as a quick-fix scheme to make money. The platform was not always designed to be used for this reason. Instead, you should have the ability to think with an open heart. Profitly Cancle
What we do mean by ‘yes’ is that it is a fantastic learning tool. For those who are struggling, they could discover Profit.ly’s variety of resources useful as they do their best to avoid losses and perform better than before. It’s not only the poor traders that can benefit from this platform. It can accommodate beginners and even experts!
If you really care about being better at trading and wish to be taught by your mentors and peers on the way, take a look at Profit.ly. Profit.ly could be a good option to begin.
FAQ Profitly Cancle
How can you make use of Profit.ly to publish your trades?
Profit.ly has the option of allowing trade entries in the “My Trade section of the dashboard that lets you post your trades, either verified or otherwise. You may choose between three choices:
- Linking your account with your brokerage of choice and then importing trades directly from there
- Manually entering your trades into the spaces provided and details
- Take a photo of your trades
What can I do to determine whether the trade is authentic or not?
If you import your trade from a reputable brokerage, there’s a high probability that it’s verifiable. This is evident by the blue check mark. If you upload it in a manual way or by taking pictures, it will be assigned as unverified.
The disadvantage of an unauthenticated trade is the possibility of receiving negative feedback from fellow peers. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, where users are able to identify who is fraudulent in posting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store and on the Google Play store. The mobile app version works with all working smartphones and tablets.
How many are connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just trying to maximize profits but also help each other develop and grow in their ability to take advantage of stock market opportunities left and right.
