The stock market can be a high-stakes game. On some days, you might have the benefit of positive and satisfactory numbers. However, on other days you may experience the opposite and it can be extremely difficult to get back to the point you were at your most productive. If you’re always in the mud You will need to realize that relying on pure instinct and preservation is not always enough.
If you’ve been incurring loss from time to time, you’re gonna be needing reliable advice from tested and tried trading experts. Also, you’ll need a significant boost from your fellow traders from around the world, which is why we’ve discovered an option that can help you in your improvement in the industry. We’ll be taking a look at Profit.ly is a well-known single-stop social platform to trade!
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 Chat Room Rules
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
The User’s Experience 4.5/5
Summary
Profit.ly can be described as an online platform for trading that allows traders of various levels to be knowledgeable, transparent, accountable, and uplifting with one another through its wide array of tools and features such as trade verification, chat rooms, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a site for trading that serves both as a learning and education platform for those who are just beginning their journey and also as a platform for experienced traders to track their performance with the help of sophisticated analytics tools. Offering users a broad range of resources to facilitate trade and communication that help traders from all walks of life network with one another. It gives the gurus worthwhile investments within the confines of this platform. Consider it an online social media platform similar like Facebook and Reddit however it is geared towards traders and experts.
Profit.ly independently verifies trade performances and publishes all data from them in the style of leaderboards. The platform’s trading model is based on honesty and transparency: it guarantees that the trades are valid and won’t accept fake news as long as is humanly possible. It was created many years ago by penny expert in stock trading and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview for Forbes magazine Sykes stated that Profit.ly was based “on the transparency of all trades, something that was never previously done.” The concept was, he said, serving two objectives: one) creating public track records for all traders, not just the gurus as well as newsletter writers and students, and 2) giving all users to learn from both losses and wins to benefit the industry of trading. Profitly Chat Room Rules
How Does It Work?
Profit.ly utilizes a subscription model that lets stock traders benefit from a variety of features and services aimed at achieving the success of their business. It is possible to create an account on the site for free, but you’re only limited to having the capability to browse the leaderboard and observe the activities of people who aren’t gurus. If you’re interested in investing your money to see what stocks the experts are trading in real time it is necessary to sign up to one of Profit.ly’s deals that we’ll discuss in the near future.
Setting up an account is simple: Create an account with your experience and skills, join to your brokerage account, and you’ll be given an opportunity to make your way up to the top of the leaderboard. Profit.ly’s Leaderboard function, which was previously mentioned it is designed to provide its users an insight into their performance as a trading group as well as its gurus. It’s not just a way to prove your worth to a group of traders. You can also utilize Profit.ly to purchase with a professional with the confidence that you are confident of their knowledge and the veracity of their claims.
If you feel uneasy with the concept of leaking your brokerage account, then you could decide to share your trades, whether verified or not, by taking screenshots. Included in Profit.ly is the huge selection of trading classes and the capability to see the stats of a trader’s account and other methods to connect with your gurus in the chatroom, along with email and text alerts 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 famously known for his efforts in penny stock trading. According to Investopedia the term “penny stock” is a small business’s shares that trade for just less than 5 cents per share. The penny stock market is an opportunity for small-scale businesses to make the transition into a larger market because it gives them access to money from the public. But don’t make the mistake of thinking that it can also be an extremely risky activity, as Sykes will be able to tell you because of his decades of expertise.
From his beginnings in the latter years of the high schools, Tim Sykes has, since then, earned more than $6 million in profit during his long and successful career as trader. At 25 years old, he had been given more exposure and a wider influence over time as a participant in the reality series “Wall Street Warriors.” He used the opportunity to establish trading rooms as well as penny stock themes and educational material aimed at those who are new to the trading field. He also played a role in establishing Profit.ly as a platform for transparency and for the community to lift each other up and compete with each other through the platform.
The Profit.ly Gurus
One of Profit.ly’s sweet inclusions is the variety of learning tools, trade alerts and other useful stuff offered by the company’s internal gurus. Gurus are referred to experts in the field of trading who have earned substantial profits from their collective years of expertise. Profitly Chat Room Rules
At its peak, Profit.ly had housed up to five gurus, each of them a professional in their niche in the trading industry. Some of the prominent experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing however, only two gurus remain on the platform: Founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. In light of that, let’s take a look at the packaged offers each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes offers a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 for a month you will observe him focus on fundamental stock catalysts and use them to forecast the next moves that could occur when making trades.
A standalone purchase of Tim’s Alerts will get you access to the chatroom, as well as the mobile app that’s available to iOS as well as Android devices, as well as texts, emails and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts program. It costs $149.95 monthly, this is the perfect plan for those who are involved in investing in penny stocks. Pennystocking Silver offers all the essential features found in the previous plan, such as swing trading alerts as well as unlimited access to a rich library of over 7,000 educational videos, with new ones released each week.
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From “Superman” Paul Scolardi: Superman Alerts
Scolardi who is known under the name “Superman,” is a swing trading professional with an eye for small-cap monumental stocks and crazy-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 Chat Room Rules
The Superman Alerts package is his offer of the most essential features and alerts on trading geared toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day premarket stock watchlist as well as the mobile application, daily market commentary in real-time, as well as E-mail and SMS alerts.
The film “Superman” Paul Scolardi: Superman Pro
At $247/month, you get additional features, as well as access to a knowledgeable base of information provided by Superman himself via Superman Pro. Superman Pro package. Alongside the standard features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including an ever-growing library of the previous ones. In addition you’ll also have the ability to access premium reports on research as well as an IPO or earnings monitor.
Profit.ly Programs and Costs
If you’re looking to join the world of online trading and make a mark on the field, Profit.ly has the right amount of tools to get you started. The platform has three membership tiers that cater to traders of different levels. Let’s break down what these three tiers are and how much they’ll 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 trading community. Once you have signed up for this package, you will be immediately provided with a variety of powerful and essential trading tools, each of which is essential to keep your fingers on what can describe as a cutthroat process in and of itself.
Some of the features you can do with Profit.ly’s Novice package is the capability to check trades and track profits; leading, following and even chatting with your fellow traders, as well as providing feedback on trades today. You can also get on leaderboards, analyze the results of your analysis, sort, as well as filter trades; and lastly, look at the statistics of other traders.
The Novice plan costs $29.95 per monthly payment. Although it might look appealing simply because of the price, there is a downside. You can’t create a private profile, thus making your actions public. If you’re looking to gain an account with this option, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader Plan
The Trader package lets users to benefit from a majority of features from the Novice plan. It is in this plan that you can set up an account that is private for sharing with fellow associate users all your knowledge and intel in this trading group.
Priced at $49.95/month, Profit.ly’s Trader plan will do what the name implies caters for those looking to develop their trading skills. As nice as it seems however, there’s a crucial element that’s missing. Unlike the previous Novice package, you will not be able to view other traders’ stats, which could be a problem for those who are anticipating this level. Profitly Chat Room Rules
Pro Plan
The Professional plan can be described as the most premium package that Profit.ly could offer for seasoned traders. It costs $74.95 monthly, with an additional 22% discount for billing annually, this tier has everything. It gives you full, unlimited access to all the features of the previous plans.
Not only do you get to see other users’ stats as well, you’re also offered the opportunity to create a private profile. Both of these features, in addition to the benefits that you can use to the fullest potential. If you’re in search of a plan that can serve all the features you need to be an experienced trader, the Pro plan is for you!
Profit.ly’s Other Services
Apart from the provided trainer tools and Leaderboards Profit.ly offers a number of other services they offer. One of those is its online store, which allows users to pick from a range of instructional videos that are created to help you understand the nuances and pitfalls of trading. All of the products featured in this section of the site can be purchased immediately for personal use. Some of these include bestsellers such as”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs, streaming-only content about short stocking, penny stocking, and other things trading-related, clips and footage of events like the Annual Pennystocking Conference, and items from other experts in trading.
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The integrated chat rooms are included in Profit.ly’s array of features and services. You are probably familiar with the concept of the chat room as you can find it throughout social and messaging platforms and also on a few specialty websites that provide live chat support. But in Profit.ly it’s seen as a hands-on place where gurus and their member traders can communicate and share knowledge in real-time. Every guru has their own style when it comes to running their chat room and dealing with the listed members there. One of them may be laid back and less engaged, while another could be more online and communicative in their interactions with students. Think of the chat rooms as Profit.ly’s version of the forum in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, from novices to the most experienced. Considering the number of offers it offers it is certain to have something for every person.
Newbies, for instance, will appreciate Profit.ly’s library of learning content offered throughout the platform. Not only will they be enriched with weekly videos and chat room tips from its in-house gurus as well as their members. They’ll also be able to select from the products on its store online for them to take wherever they travel. You can also get hands-on experiences from trading within the platform, but eventually, they will soon learn that the process is a high-stakes game that should not be viewed as an opportunity to make fun of.
For the traders with decades of experience in the road, we consider Profit.ly as equally as suitable to people who are just beginning. While the newbies may not be as proficient in managing trading, the pros already understand how it works and the stack full of risks that come with it. Ideally, they may make use of Profit.ly’s array of options to their maximum advantage to enhance their trading skills. 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-in” approach doesn’t just apply to newbies as well as semi-seasoned traders. Certified experts can also take part in the enjoyment! Trade professionals who are on an equal level with Superman and Tim Sykes can also use up Profit.ly’s capabilities to display their expertise to other traders as a way to guide them through the ever-illustrious trading process. Profitly Chat Room Rules
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders across the globe with tons of learning communications, trading, and communication tools
- You will be provided with excellent lessons and advice from the company’s in-house gurus, including libraries of educational videos and trading in real-time.
- You can be sure of complete transparency through Profit.ly by using accurate data and fellow traders who are ready to reach you out if something occurs.
- The leaderboard feature of the platform offers you the opportunity to increase your reputation as a reliable and authentic trader
- Apart from its main abilities, Profit.ly also gives its customers extra options that can be tailored to their preferences, such as posting unauthentic trades via screenshots
- Profit.ly’s diverse range of subscription levels and guru packages are priced at affordable rates There’s something for every person
The Cons
- Profit.ly’s numerous packages and products offered may not be enough for a lot of its customers
- As traders may opt to post any kind of trade, there is the possibility that some of them will profit by cherry-picking the best trades to boost their rating this could be a risk that shouldn’t be simply overlooked
- Profit.ly does not accept refunds, as its premium users are expected to instantly benefit from the many services that the platform can provide
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The Final Verdict is: Is Profit.ly Worth It?
If we could think of the answer, it would be a ‘yes’. But it is important to realize that it shouldn’t be treated as a get-rich-quick scheme. The platform wasn’t originally designed to be used to achieve this goal. Instead, it is best to keep the ability to think with an open heart. Profitly Chat Room Rules
What we mean by ‘yes’ is that it could be a useful learning tool. Those who may be stuck could be able to find Profit.ly’s array of resources helpful in their efforts to incur lesser loss and perform better than before. It’s not only the struggling traders who will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you truly desire to be more successful in trading and would like to learn from your mentors and peers along the way, then you should look no further than Profit.ly. Profit.ly could be a good choice to start.
FAQ Profitly Chat Room Rules
How can you make use of Profit.ly to publish your trades?
Profit.ly offers a trade entry portion under the ‘My Trade category on the dashboard. It lets you post your trades that are verified or otherwise. There are three options:
- Linking your account to the brokerage of choice and importing transactions directly through there
- Manually entering your trades using the spaces provided and details
- Upload a screenshot of your transactions
What can I do to determine if the trade is verifiable or not?
If you buy your trade from a trusted brokerage, there’s a high chance that it is verifiable. This is evident by the small blue check. If you post it manually or through screenshots, it will automatically be assigned as unverified.
The drawback of posting an unauthentic trade is the chance of receiving negative feedback from fellow peers. Too many downvotes may cause you to be listed in the Madoff leaderboard, where users can detect who’s being fraudulent in posting trades.
Are the Profit.ly mobile application still available?
As of the moment, Profit.ly is still available to download via the Apple App Store and in the Google Play store. The mobile app version works with all functioning tablets and smartphones.
How many people are on Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, because they are not just seeking to make the most profit but also to help one another develop and grow in their ability to take advantage of opportunities on the stock market both right and left.
